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[PHX]

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[PHX]

Time to make a NAV update

My BTC direct investments have had a total yield of 3 BTC or 75000 NXT

My CVF shares brought 25000 NXT since the last update

So all in all we're up 100.000 NXT, which results in a total increase of 10%

This means that the new NAV is to be 0.117 NXT per share. As usual, i will adjust the buy wall to 0.116 NXT. A new round of shares will be put up for sale soon.

UPDATE

The shares sell has concluded and was an instant success. The remaining shares will be held in escrow and won't be released for a long time.

[whale]

A quick tip for those who are not watching the Phoenix account. One of the assets in the account has doubled in price. Therefore you could induce that the NAV will likely go up this week or next (depending on when PHX decides to recalculate).

I'm also requesting some more transparency for investors (similar to what I did for CVF) from the asset issuer, so everyone can see exactly where the profits are coming from.

[whale]

Due to the deal brokered by NXTinspect, CVF will be merging with Liquid.

Swap ratio: .0075LQD/CVF (1057.58 LQD) and .3NXT/CVF (42,303.3 NXT). Therefore, the total NXT invested into CVF has roughly doubled at 322,561 NXT (at current LQD prices).

MORE INFO: https://nxtforum.org/assets-board/(ann)-liquid-cvf-terms-of-merger-acquisition/

[whale]

NXTinspect CAUTION -

I have not heard from PHX for sometime which does not give me a lot of confidence. If I am going to advise someone, I want regular contact. Therefore, I am issuing a caution on behalf of NXTinspect.

As the funds were protected by NXTi's Escrow service, nothing has been lost. The worst case scenario is that PHX fails to reach me within the deadline that I have given him and we liquidate the asset at NAV.

[Abraxas 147]

deadline is...?

NAV is... ?

[chanc3r]

Deadline I don't know, hopefully he posts tomorrow, its night time for whale...

NAV I think is about 0.13 or maybe a bit more.

I'm not panicking ....

[LibertyNow]

NXTinspect CAUTION -

I have not heard from PHX for sometime which does not give me a lot of confidence. If I am going to advise someone, I want regular contact. Therefore, I am issuing a caution on behalf of NXTinspect.

As the funds were protected by NXTi's Escrow service, nothing has been lost. The worst case scenario is that PHX fails to reach me within the deadline that I have given him and we liquidate the asset at NAV.

Thanks for the heads up whale.  All Phoenix assets are in the escrow fund?

[starfishi]

There were two phoenix arising, at the same time:
CVFS (not CVF) - Little P1 - "Little Phoenix Investment Group" (we know where that has gone) and this Phoenix - Crypto Holdings, and its not just the name, the style reminds me.
I have a bad feeling about this. Ok, now give me my Pauls . .   

[whale]

NXTinspect CAUTION -

I have not heard from PHX for sometime which does not give me a lot of confidence. If I am going to advise someone, I want regular contact. Therefore, I am issuing a caution on behalf of NXTinspect.

As the funds were protected by NXTi's Escrow service, nothing has been lost. The worst case scenario is that PHX fails to reach me within the deadline that I have given him and we liquidate the asset at NAV.

Thanks for the heads up whale.  All Phoenix assets are in the escrow fund?

Funds are in the escrow account and accounts that I have full control over and partial control over (altcoin trading). I have already moved the coins out of the accounts that were partially controlled. So there is zero risk of theft.

I gave PHX 48 hours to respond. He now has 24 hours before we liquidate. As chanc3r stated, the NAV is around 0.13.

[whale]

UPDATE -

The liquidation process has begun. I have set at bid at 0.13 NXT.

[printshop]

NXTinspect CAUTION -

I have not heard from PHX for sometime which does not give me a lot of confidence. If I am going to advise someone, I want regular contact. Therefore, I am issuing a caution on behalf of NXTinspect.

As the funds were protected by NXTi's Escrow service, nothing has been lost. The worst case scenario is that PHX fails to reach me within the deadline that I have given him and we liquidate the asset at NAV.

I know from experience this isn't possible. You can't liquidate anything at NAV, that isn't how markets work.

Then there is the issue of what the NAV is. Calls for information have been repeatedly ignored. If this isn't a sinking ship I've never seen one. Whatever you do don't tell people you're selling PHX's assets, or you won't get a dime on the dollar.

[13Darko]

Wait. The 0.13 bid wall is gone. Is that all? Or will you set up another one later? 
I still hasn't redeemed my PHX.

[whale]

Wait. The 0.13 bid wall is gone. Is that all? Or will you set up another one later? 
I still hasn't redeemed my PHX.

More walls to come within 12 hours. I'm yet to move more NXT into the account as some of it is still in alt coins.

[13Darko]

Wait. The 0.13 bid wall is gone. Is that all? Or will you set up another one later? 
I still hasn't redeemed my PHX.

More walls to come within 12 hours. I'm yet to move more NXT into the account as some of it is still in alt coins.

I started to worry already... Thanks for the answer, whale. Too bad it's beeing liquidated, I liked this asset.

[whale]

Wait. The 0.13 bid wall is gone. Is that all? Or will you set up another one later? 
I still hasn't redeemed my PHX.

More walls to come within 12 hours. I'm yet to move more NXT into the account as some of it is still in alt coins.

I started to worry already... Thanks for the answer, whale. Too bad it's beeing liquidated, I liked this asset.

Me too. Hence why I purchased a huge chunk at a premium. I had some future ideas for the project but PHX just wasn't the right person. I would rather end this safely than risk waiting, as the community has been scammed enough lately.

[printshop]

Wait. The 0.13 bid wall is gone. Is that all? Or will you set up another one later? 
I still hasn't redeemed my PHX.

More walls to come within 12 hours. I'm yet to move more NXT into the account as some of it is still in alt coins.

I started to worry already... Thanks for the answer, whale. Too bad it's beeing liquidated, I liked this asset.

Me too. Hence why I purchased a huge chunk at a premium. I had some future ideas for the project but PHX just wasn't the right person. I would rather end this safely than risk waiting, as the community has been scammed enough lately.

So how much did people lose on this one?

[chanc3r]

I can only speak personally

I had 2/3rds at IPO price of 0.1 and 1/3 at 0.155 which gave me a blend of 0.118 so redeeming at 0.13 still gives me some benefit.

[starfishi]

Wait. The 0.13 bid wall is gone. Is that all? Or will you set up another one later? 
I still hasn't redeemed my PHX.

More walls to come within 12 hours. I'm yet to move more NXT into the account as some of it is still in alt coins.

I started to worry already... Thanks for the answer, whale. Too bad it's beeing liquidated, I liked this asset.

Me too. Hence why I purchased a huge chunk at a premium. I had some future ideas for the project but PHX just wasn't the right person. I would rather end this safely than risk waiting, as the community has been scammed enough lately.

There is no such thing as a "discount", it always,always comes with a cost . .

[rajc]

well, selling 497'500 phoenix at 0.155 with insider info (my suspicion) kind of hurts your reputation whale.

but chanc3r is happy with the deal. at least until now he was:D

I can only speak personally

I had 2/3rds at IPO price of 0.1 and 1/3 at 0.155 which gave me a blend of 0.118 so redeeming at 0.13 still gives me some benefit.

edit: now when i think more, there are some possible interpretations that presuppose your good intentions