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  1. -----BEGIN PGP SIGNED MESSAGE-----
  2. Hash: SHA1
  3.  
  4. MPOE ETF - GLBSE:MPOE.ETF
  5. August 14, 2012 (Period: July 15, 2012 - August 14, 2012)
  6.  
  7. Monthly report which provides a comprehensive overview of the company for the
  8. past month.
  9.  
  10. To the Shareholders of MPOE ETF:
  11.  
  12. I have completed MPOE ETF's financial statements for the month ending
  13. August 14, 2012. In my opinion, the following statements accurately and
  14. fairly represent the financial position of MPOE ETF.
  15.  
  16. MPOE ETF
  17. INCOME STATEMENT
  18. FOR THE MONTH ENDED AUGUST 14, 2012
  19. _August_ _July_ _June_ _May_ _April_
  20. Revenue:
  21. Dividend Revenue.......................... 4.35374340 6.50356511 0.34524457 2.59723452 0.0
  22. Expenses:
  23. Wages Expense............................. 0.04353743 0.06444841 0.01303852 0.02597235 0.0
  24. Trade Fee Expense......................... 0.0 0.0 0.52118931 0.0 0.067 (see note)
  25. Other income and expenses:
  26. Unrealized Gain on Investments............139.33418992 161.28724095 346.79228221 72.59434053 149.87084351
  27. Miscellaneous Revenue..................... 0.0 0.0 0.26 0.0 0.0
  28. Miscellaneous Expense..................... 0.0 0.05 0.0 0.0 20.0
  29. Net Income....................................143.64439589 167.67635765 346.86329895 75.19157505 129.80384351
  30.  
  31. Basic Earnings per common share............... 0.12940936 0.15105978 0.31248945 0.123264877 0.21279319
  32. Diluted Earnings per common share............. 0.12940936 0.15105978 0.31248945 0.123264877 0.21279319
  33. Dividends declared per common share........... 0.00196114 0.00580616 0.00058732 0.002128881 0.0
  34.  
  35. MPOE ETF
  36. RETAINED EARNINGS STATEMENT
  37. FOR THE MONTH ENDED AUGUST 14, 2012
  38.  
  39. Beginning Retained earnings...................711.11371848 549.88220187 203.67082895 129.80384351 0.0
  40. Net Income for the Month......................143.64439589 167.67635765 346.86329895 75.19157505 129.80384351
  41. Less Dividends................................ 2.17687170 6.44484104 0.65192603 2.59723452 0.0
  42. Increase in Retained Earnings.................141.46752419 161.23151661 346.21137292 72.59434053 129.80384351
  43. Ending Retained Earnings......................852.58124267 711.11371848 549.88220187 202.39818404 129.80384351
  44.  
  45. MPOE ETF
  46. BALANCE SHEET
  47. AUGUST 14, 2012
  48.  
  49. ASSETS
  50. Current Assets:
  51. Cash...................................... 13.97369535 17.24166125 7.11835278 7.5727008 5.48192701
  52. Investments:
  53. MPOE stock................................488.22351953 488.22351953 490.94574494 54.84171999 54.84171999
  54. Valuation Allowance for Investments.......865.51639807 726.18220815 568.55885876 222.46518404 149.87084351
  55. Total Assets.................................1367.71361295 1231.64738893 1066.62295648 284.87960483 210.19449051
  56.  
  57. LIABILITIES
  58. Current Liabilities:
  59. Accounts Payable.......................... 15.77682435 16.91015862 18.91015862 18.91015862 19.390647
  60. Dividends Payable......................... 2.17687643 6.44484233 0.65192649 1.29861726 0.0
  61. Total Liabilities............................. 17.95370078 23.35500095 19.56208511 20.20877588 19.390647
  62.  
  63. STOCKHOLDERS' EQUITY
  64. Common Stock..................................497.17866950 497.1786695 497.1786695 61.0 61.0
  65. Retained Earnings.............................852.58124267 711.11371848 549.88220187 202.39818404 129.80384351
  66. Total Stockholders' Equity...................1349.75991217 1208.29238798 1046.30941577 263.39818404 190.80384351
  67. Total Liabilities and Stockholders' Equity...1367.71361295 1231.64738893 1066.62295648 210.19449051 210.19449051
  68.  
  69. MPOE ETF
  70. STATEMENT OF CASH FLOWS
  71. FOR THE MONTH ENDED AUGUST 14, 2012
  72.  
  73. Cash flows from management activities:
  74. Cash received as dividends................ 4.35374340 6.50356511 0.34524457 2.59723452 0.0
  75. Deduct cash payments for expenses and
  76. payments to creditors................. 1.17687170 2.11444841 0.01303852 0.50646073 0.609353
  77. Net Cash Flows From Management
  78. Activities............................ 3.17687170 4.3891167 0.33220605 2.09077379 (0.609353)
  79. Cash flows from investing activities:
  80. Cash payments for purchase of MPOE stock.. 0.0 0.0 0.0 0.0 (54.84171999)
  81. Cash received from sale of MPOE stock..... 0.0 6.38611697 0.77170553 0.0 0.0
  82. Deduct cash payment of exchange fees...... 0.0 0.0 0.2596428
  83. Net cash flow from investing
  84. activities........................ 0.0 6.38611697 0.51206273 0.0 (54.84171999)
  85. Cash flows from financing activities:
  86. Cash received from issuing stock.......... 0.0 0.0 0.0 0.0 61.0
  87. Cash received as interest free loan....... 0.0 0.0 0.0 0.0 20.0
  88. Cash payment of exchange Fees............. 0.0 0.0 0.0 0.0 20.067
  89. Cash payment of dividends................. 6.44483760 (0.6519252) (1.2986168) 0.0 0.0
  90. Net cash flow from financing
  91. activities............................ (6.44483760) (0.6519252) (1.2986168) 0.0 60.933
  92. Cash at the beginning of the month............ 17.24166125 7.11835278 7.5727008 5.48192701 0.0
  93. Net cash flow for the month................... (3.26796590) 10.12330847 (0.45434802) 2.09077379 5.48192701
  94. Net cash flow and month end cash balance...... 13.97369535 17.24166125 7.11835278 7.5727008 5.48192701
  95. Supplemental disclosure of cash flow
  96. information:
  97. Dividends declared and not paid............... 2.17687643 6.44484104 0.65192649 1.29861726 0.0
  98.  
  99. NOTES TO THE FINANCIAL STATEMENTS
  100.  
  101. April Trade Fee Expense
  102. In April, the trade fee expense was counted as an Other Expense because
  103. it was associated with a financing fee.
  104.  
  105. Valuation of MPOE stock
  106. MPOE stock is valued by the 30 day volume weighted average price as
  107. reported by MPEx (ticker S.MPOE) at
  108. http://polimedia.us/bitcoin/mpex-vwap.php
  109.  
  110. Investment Activities
  111. There were no investment activities this month.
  112.  
  113. Amount of MPOE stock held
  114. The fund currently holds 4,073,980 shares of MPOE stock
  115.  
  116. Accounts Payable
  117. The entirety of the fund's debt is owned by Michael Carver and includes
  118. only the organizational expenses of the fund and any yet unpaid wage.
  119. This debt imparts no expense to the fund.
  120.  
  121. Common Stock
  122. The number of issued, outstanding and authorized stock is 1110 shares.
  123. These shares have limited voting rights which are outlined in the
  124. shareholder contract
  125. (https://bitcointalk.org/index.php?topic=67535.msg785723#msg785723).
  126. A dividend yield is not yet calculable as the fund has been in operation
  127. for less than one year.
  128.  
  129. Signed,
  130. Michael Carver
  131. also known as
  132. smickles
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