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18th October - Daily News

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Jo
Traffic Value: $8,649,585.93592 Spain
35 like this post 0 people
18/10/2014 14:14
Todays fast tracks have been sent!

* Reminder *
If you find a security exploit within MTV/PV, and you tell us about it (without first trying to cashout/spend your illgotten gains - we'll give you a $100 cash finders fee!


I'm pushing the programmers to enable automatic share transfer approvals + the new 0.25% rate. That should be a quick implementation + popular.

There's no PV ad issue today, just some random little ads... And PV snapped up all the cheapest shares on the marketplace today; after mostly buying from itself all week. So that raised the price by 5cents temporarily. We'll wait for it to go back down again and repeat sometime next week.

Liquidity Report
I've rounded the numbers for simplicity & to allow for anything i've missed (few PV things for sure) ; and I estimate this liquidity report will likely be accurate to +/-$20k.... This is just a ballpark liquidity report to see where we're at & correct the available dev funding stat!

$2500 - Lotto Jackpot + Reserve Jackpot + other game pending prizes (Three Towers etc)
$7000 - Pending Cashouts
$227000 - Account Balances
$50000 - 7 Day Rolling Result Reserve
$5000 - Share Bid Escrows
$9300 - Pending share dividends (for Monday)
----------------------------------
$301000 total liabilities
----------------------------------

$190000 - PayPal
$10000 - BTCE
$10000 - BTC
$33000 - Payza
$12000 - EGO
$76000 - PM
$41000 - STP
$5000 - Bank
-----------------------------------
$377,000 total assets
-----------------------------------

So that gives us $76,000 excess (development funds). For which i've applied a $155k development charge to PaidVerts. As the difference in funds is the result of result supplement for the ad issues.

And one bit of good news about that; is for the last 2weeks or so; we haven't supplemented the results at PV at all; if anything we've issued a bit less than we could have... So after heavily investing in the growth of that via inflated ad issues; it's now holding its own, and doing very well.

* The bank value for our assets may be way off; Carlos has been cashing out a whole bunch from PP lately; so there might be quite a bit more there than the 5k (ie. nothing!) i've assumed.

But all in all... a very healthy system!
And more than enough development funds to keep us busy up, until Christmas at least.

Jo smile

ps. You can see why I wanted to introduce the $0.001 balance tax. As having $200k laying around doing nothing, is a bit inefficient / not to mention a liability!
Catt
Traffic Value: $1,193.5857 Brazil
6 like this post 0 people
18/10/2014 14:17
Congratulations Jo, the system is healthy as it can get and promising to get bigger and better as time goes by!
dguy
Traffic Value: $15,993.01608 Canada
9 like this post 0 people
18/10/2014 14:20
That's great. and I agree NEVER TRUST PAYPAL!

They sometimes see your money as their money.
Thuru
Traffic Value: $1,909.96027 Netherlands
3 like this post 0 people
18/10/2014 14:23
Thanks for the news. And yes PV go improves well and more than excellent. Thanks for all your work and your team. And i can never say it enough times, thanks to set up PV, you make and made many people happy. smile
Catt
Traffic Value: $1,193.5857 Brazil
7 like this post 0 people
18/10/2014 14:28
@dguy dont be mean.. paypal is my main option in here (dont have much choice in the matter...) and the other options have been giving me a hell of a headache wink
kostas134
Traffic Value: $83.6905 Cyprus
0 like this post 0 people
18/10/2014 14:29
No Daily ad issue?
Catt
Traffic Value: $1,193.5857 Brazil
0 like this post 0 people
18/10/2014 14:30
There are none on saturdays.
Jo
Traffic Value: $8,649,585.93592 Spain
15 like this post 0 people
18/10/2014 15:08
Iweb has finally connected our two new servers. The programmers should code those in this weekend.
pythagoras
Traffic Value: $4,007.84228 Netherlands
0 like this post 0 people
18/10/2014 15:29
Nice to see so much fonds for development. Can't wait to see the next game !
tuan99452
Traffic Value: $262.0851 Viet Nam
0 like this post 0 people
18/10/2014 15:44
good job
MarcdeKoning - Administrator
Traffic Value: $468,983.12758 Netherlands
0 like this post 0 people
18/10/2014 15:46
How did PV get this crazy money to buy all those shares today while buying their own shares every day?
peanutdude
Traffic Value: $360.6696 Philippines
0 like this post 3 people
18/10/2014 15:55
Jo please check support ticket 27614

I had 1 share sell that approved twice.  So my account is out of whack.

You should use the money laying around to either purchase or build off site income generating sites, to improve the long term stability of this project.

You should also, think about capping the amount per week in the 250% plan to keep it under 365 days, as at current pace of investments in that plan, it will be only 2 weeks before you reach that point, and if it spirals out of control?

I would make the shares transactions 1% not .25, even with instant transactions, it will probably not increase the amount being traded by equal what is being generated now, the only think instant transactions will probably do, is stop the errors that happen, because of members having both buy and sell orders pending and being approved at the same time.
Jo
Traffic Value: $8,649,585.93592 Spain
9 like this post 0 people
18/10/2014 16:25
In the last 24hours (since I did the same yesterday) ... there were like 38k worth of new ads sold. 50% of that is the re-investment money.

All this week i've been using at least half of that money to buy PV's shares off itself and relist them higher. Unlocking instant big ad issue money, which is how we financed yesterdays giant ad issue. Along with some small FT250 matures, failed ads, and the direct ad issue contributions from new purchases.

Today, seeing as there is no ad issue, i instead used 100% of the money for pure investing; buying up the cheapest shares instead.

Then we have $4k from failed ads, direct purchase contributions to issue as random ads today.
polo26
Traffic Value: $2,211.17614 France
4 like this post 0 people
18/10/2014 16:42
thank you for your transparency wink
after I'm pretty paranoid with Paypal, if they become crazy and froze the account of the company (paypal are capable of everything with their monopoly) , we are practically dead 

that's why I wanted to know you have some news about adding of  neteller and skrill?
Thank you 
Jo
Traffic Value: $8,649,585.93592 Spain
3 like this post 0 people
18/10/2014 16:52
No news on Neteller or Skrill... Carlos is still chasing up the verification processes there. Hopefully it'll yield something soon.
daveb
Traffic Value: $70.53338 United Kingdom
0 like this post 5 people
18/10/2014 17:17
Why are weekend ads very low....3 mill bap earned me just over $1...do people not buy ads on weekends??
Jo
Traffic Value: $8,649,585.93592 Spain
8 like this post 9 people
18/10/2014 17:18
What do you think about splitting the shares 5 fold?

Currently 38,000,000 sharing 19% of turnover.
Becomes 190,000,000 sharing 19% of turnover.

For every 1 share you own now, you'll own 5 new shares. And 5 new shares will be worth the same as 1 current share (in terms of percentage ownership of MTV). So nothing changes; just the units.

That way, we'd pay dividends on every $10k worth of turnover. (Or we'd require $10k worth of turnover each week to pay a dividend of $0.00001 per share)

And like this, the share price should become $0.025-$0.03 per share. (1/5 of the current rate). Which I think is more affordable for micro users; who can view their daily BAP ads, click on a micro ad pack; and you've got yourself an instant share + change.

* And psychologically; I think this will push the share price up. As for a dollar, you can get 50 shares. Or $100 gets you 5000 shares. And your imagination alone can dream up your future based on a multiple of 5000 wink
colasander
Traffic Value: $386,747.05153 Netherlands
9 like this post 0 people
18/10/2014 17:25
Just keep the shares as they are for now. No need to split them again.
MarcdeKoning - Administrator
Traffic Value: $468,983.12758 Netherlands
13 like this post 0 people
18/10/2014 17:27
Too early. Wait for it right now.

Today we reached 0.175, let's get a solid 0.20+

Pv is selling off its shares nicely, we're progressing pretty quick right now..
We can easily see 0.30 in a month from now wink

Also we should focus on our development right now, so give it some time! smile
hrjustinptc - Forum moderator
Traffic Value: $8,376.82638 United States
0 like this post 0 people
18/10/2014 17:27
5x instead of 10x is definitely a good plan for the next split. I still feel like it should be holding around $0.20 before doing another split. I want to buy shares soon so I am happy with them staying low priced lol. 
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