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#11

12-31-2021, 02:57 PM

swarmee

J0hn Raff3rty

Member

Join Date: Jul 2014

Location: Niceville FL

Posts: 7,300

Quote:

Originally Posted by Fred

John, were you being facetious when you indicated the shares would be worth $11/$3.1? I would have figured that the shares would be worth $11 - $3.1 because that would be the amount of "profit" the fund increased from the time of its inception.

If the current value of the fund is $11 million dollars and there are 3.1 million shares, as you posit, they are worth $3.70 each, not $11 each. Up 270% from an original theoretical share price of $1. Not up 1000%, which is what it would have been from a $1 start price. That would mean the fund would have to be worth $30M+ currently. It was just bad math.

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