Ecobank: Q1 update

There has been a lot happening behind the scenes. There are papers to sign, a new investor, a fiduciary agreement and more.... But lets start at the beginning and work through it. Remember that ALL ECOBANK updates are reblogged on the @ecobanker feed - viewable here and soon on a personalized yourFrontend.

Ecobank Development Colombia SAS is a real company, and by March 30th we will have to update our registry at the chamber of commerce updated. We are ready, getting ready that is, and working hard - making sure to get all the necessary updates to the "lista de socios", patrimony (equity) and the internal statutes. This will probably be the subject of next Quarter's update, but worth mentioning now that

Yes. I mean, I hope so, since I have put a lot of effort into it. How much should I say about such things before the paperwork is all signed? About that, I am not sure.

But one thing I do know, is that ECOBANK is not only "not dead", but also seems to me to be more alive than ever, prepared in exactly the right moment to do what it was designed to do. What is that worth?

We had some great feedback last month, which led me down some rabbit holes, but "all good things!", I assure you.

But this great and most valuable comment brings up ABV inequality - that is, I know more than you. I have added @jelly13 as a 10% beneficiary on this post because it makes me feel good.

The asset backed value of our tokens (or any token) is a pretty easy equation. Sum the value of the assets, divide by the number of tokens. Our HIVE wallet is on chain, but the other "real estate" value - well, these require some assumptions.

And maybe you can "trust me". Maybe you don't need to. But it has been a struggle for me to figure out how to "tell people" how much I think they are worth, if I am not willing to put my money where my mouth is. But I am waist deep in Ecobank already, and I also need to pay the electricity and keep my family in almohabanas, and I believe a lot in timing the leverage.

The main assumption that we have to make for a valuation is "price per hectare". And, sometime in Q2 I am determined to lay out the entire balance sheet, now with extra hectares, and show you the money, so to speak. By the way, I have already "shown" it:

We used the magic of tokens, of which ours are already integrated into the local, legal economy - to eat the whole farm. I will explain and show all the math later. "It is what it is".

But some time soon, we will be buying your tokens off the market - assuming our company thinks they are undervalued. I know some people like @trumpman are allergic to listing their tokens, but you might want to consider deciding now at what price you would sell - currently there is quite the spread. After all, you can always buy back in later 😉

I promise not to send any dividends in the meantime.

And if all this seems like too much work for a non-update, its okay. Hold (or dump), I still love you. What you do with my tokens does not affect my personal self esteem at all. @raymondspeaks cured me of that long ago.

So for now - I leave you all with a hearty: