So the plan is to delegate asset management to E9.



E9 and MMBTCD have nearly the same management team the difference is whale and Azeh respectively.



So Casius and Coinomat get paid to manage the assets in E9 and get paid to manage the same assets in MMBTCD.



Some of the MMBTCD assets Cassius and Coinomat hold in MMBTCD no longer fulfil their purpose since they are not rewarding anything that Cassius and Coinomat are doing as it is already done and rewarded in E9.



Does this mean Cassius and Coinomat will be releasing some of the assets they hold in MMBTCD?



That aside I see some conflicts of interest between the two funds developing in the future which may put one or other sets of shareholders at a disadvantage and cause friction with whale and Azeh. This is becasue Cassius and Coinomat may end up controlling a significant amount of the E9 fund.



The fact that Cassius and Coinomat are managing both assets means that there is added risk to MMBTCD since the loss of one or other person for any reason will have a magnified effect on MMBTCD's performance and may cripple it entirely if the stake is too high.



So my view is that, holding E9 it is not a good idea in the long term. In the short term, I agree there is growth potential and due to insider knowledge a lower risk than other investments.

So in the long term I do not think E9 should be the largest asset holding of MMBTCD 4th largest possibly. So regardless of the stake taken in the short term I would look to exchange it for other funds when some of the growth potential has been delivered with the aim of reducing MMBTCD's dependency on E9 and the long term down side that the dependency can have.





