Forums > CapEx Sigma Stock Fund > Topic: New "Greek Fund" (BSF, DSF, GSF, OSF and SSF) Policy Announced
|Nov 1st 2011, 10:05
|New "Greek Fund" (BSF, DSF, GSF, OSF and SSF) Policy Announced|
|Dear Shareholders of BSF, DSF, GSF, OSF and SSF ("Greek Funds"):
First some clarification. The reason I call these 5 funds "Greek Funds" is that Beta, Delta, Gamma, Omega and Sigma are Greek alphabet letters. These funds are not connected in any way to Greece or any high risk bonds associated with their debt. I had a few people ask, so I felt clarifying that was wise :-)
I want to say that so far I'm pleased at how the funds are operating. Dividends are starting to accumulate, and the next dividend will be paid around the first week of January. As time goes on and more shareholders buy and sell shares, daytrading will increase.
For information on how the Greek Funds work, please read use link:
With that being said, I'm announcing that I am going to place a cap on the number of companies invested with each fund to 10. A few traders felt it was not good to keep adding new companies to each fund, because it made it hard to predict the future of how well the fund would do, and would prohibit some from investing due to the uncertaintity. I never thought of that before, and I can see the point. So effective immediately, once 10 companies are reached, there will be no new SPO's for that fund. Only if a company delists would there be a "replacement" stock added, and a new L$50,000 SPO performed.
The next SPO that will be done will be for the Omega Stock Fund. BOTS and BRC will be added to round out to 10 companies. Sigma will also be done, adding RVI and ARK to make that 10 invested as well. As future companies join the exchange, I'll announce which will be added to what fund.
If anyone has any questions, please feel free to ask. Thank you.
CEO and Majority Shareholder
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