Investment in OPTUT is currently closed

If you would like to be notified when investment reopens please Eve-mail "Utility Bot"

Valuation of Units 

The fund manager (Optech Scientific) will undertake a weekly valuation of the fund (normally on Saturday) and will publish a buy-sell price for the trading week ahead. The valuation of the fund (NAV) will comprise :-

• Cash in wallet
• Trade goods at buy price
• Cash held in market escrow
• Fixed assets (e.g. freighter/pos)

The buy price will be (NAV*0.925/units) and the sell price will be (NAV*1.075/units).

 

At launch the nominal value of each unit (one) will be 1 million isk. Valuation thereafter will be determined as above.

Purchase and sale of units

Investors may buy and sell units in the fund at that weeks buy sell price contacting "Utility Bot". This administrative drone will handle all transfers of isk into and out of the fund.

 

Please check that you transfer isk to this character  --   

 

Utility Bot

 

 

 

 

 

Buying units

 

Check the current buy price. Units are sold in blocks of 10.

 

Send Eve mail to "Utility Bot" in the format

 

Buy OPTUT 10 units @ xx isk each = total isk

 

Then transfer isk to "Utility Bot"

 

We will confirm your purchase in the next 1-2 days by Eve-mail and you should confirm your holding by checking the Sales Ledger and Investor Holdings pages.

 

NOTE  -  All the buy and sell orders for the week are processed once a week, usually on a Saturday. Although you will get confirmation of your order, your purchase of units will not take place until the Saturday following your investment, and profits will not be received until the Saturday after that.

 

Selling Units

 

Check the current sell price. Units must currently be sold in blocks of 10.

 

Send Eve mail to "Utility Bot" in the format

 

Sell OPTUT 10 units @ sell price isk each = total isk

 

Your sell order will be processed the following Sunday and proceeds returned to you.

Expected rates of return of Optech Unit Trust 

Expectations are for a weekly growth of 12% on the invested capital. 25% of this will be returned as investors profits and 75% will be paid to Optech Scientific as fund managers commission. 

 

Investors can therefore expect a total return of approximately 3% per week or approximately 12.5% per month.

 

Profit Distribution

100% of the fund profits will be re-invested in the fund and will therefore contribute to the capital growth of units. 

Timing of new investments into Optech Unit Trust

To simplify accounting, new investments into the unit trust will be held in a nominee account and will be introduced to the fund on a Saturday at 23.00 Eve time.

 

Winding up

The decision to wind up the OPTUT will be at the sole discretion of fund manager Optech Scientific.

 

Alteration of Terms

Optech reserve the right to amend the terms of the fund giving investors at least 1 weeks notice. Cashing out your investment will always remain on current terms.

 

Directors Holdings

Prof. Bunsen intends to invest in OPTUT and these holdings will be treated as any other in the fund and declared along with other investors holdings..