MinnowBuilder3 Account Update
|Date||Owned Shares||Owned SteemPower||Owned Savings Steem||Value Per Owned Share|
We have had a 3.1c increase in share value over the last 7 days. This is a 147% annualized increase for the shareholders and shows the rate at which the account's vote value is increasing for all involved including the redfish we are supporting.
The increase this week is not expected to continue long term, but short term it's a great boost to the account. A large part has been due to the using the internal conversion process of SBD to Steem which resulted in a couple nice profits. While SBD is still below $1 and the internal conversion should net profits the system is messing with the internal price of steem. Instead of using the proper average market price they are using over 40c for the steem price. This is currently messing with the rate of return that should be reached by using the conversion process.
We are leaving extra Steem liquid in case the markets move in a way that will allow for profitable conversions again as it's by far the fastest way to increase the account quickly and add value to all who own shares. The amount of Steem held liquid is less then the amount of a delegation which shares are not issues for so nobody is missing out on any vote value.
Remember everyone who owns shares gets the benefit of this accounts growth. As the SP increases the value of votes increase so it's in your best interest to help growth this account. Upvotes of posts and comments all add up in a big way and then come right back to you in increased value votes, then the cycle repeats. More support the faster the account grows and higher the return vote becomes and IMO more importantly the higher the votes for the redfish become.
Thank you all for your continued support!
Photo from Pixabay