This Week at the DIF
The DIF is now meeting twice weekly — Mondays are to evaluate investment opportunities/rebalancing events, and Demelza joins that call. Thursdays are to talk administrative tasks, and only the supervisors join that.
Directors Glenn and Casey are out of office this week and part of next.
Financial Accounts
Hytham has held a meeting with the exchange on which we do have an account to establish a trade practice which segregates access to funds from execution of trades, all while keeping the balance and trade activity audit-able to the supervisors. A workable solution was arrived at, thank Satoshi. Further update on the action-ability of this after we talk with Demelza during Monday’s investment/rebalancing meeting.
I have a meeting within the next week with an extremely unique exchange to see if there is potential there for the DIF to buy/sell there.
Update on our meetings with the purveyors of options contracts/markets: though these are potentially interesting solutions to achieve diversification of the DIF’s portfolio, the capital requirements to initially create them are enormous — well outside the DIF’s current abilities. Should such options markets arise on their own (that is, with Dash from holders other than the DIF), or when the DIF has a much larger balance sheet, we’ll again look into whatever opportunities such markets may offer at that time.
Potential Investments
We have sent out inquiries for investment to five new companies this week. Most of the targets were pro-actively identified by Demelza.
After we informed Company H that we’d pass on the investment opportunity they presented, they’ve come back to us wondering if we’d re-consider and have sent additional materials. Are currently reviewing said materials and will update accordingly.
Jan has initiated a discovery meeting within the coming week with new Company I.
Thank you, MNOs and share-owners, for re-approving the DIF’s multi-month treasury proposal this most recent cycle.
NOTE: This post has been edited since its publication. In relation to that, meeting attendance will become a normal part of these reports going forward.
