With great satisfaction, I hereby announce the approval of the PayDiamond investment fund, as well as its publication by the CVM (Brazilian Securities and Exchange Commission), one of the most important financial market authorities in Brazil.
To make public our efforts and assets through such entity, demonstrated even more the smoothness of our processes, the solidity of our activities and the competence of our work.
As a result, the fund balance also includes dividends from the sale of our mine in Mozambique. Owning a mine in Africa seemed natural in the face of our growth, but reality on that continent proved the opposite. In no way has this acquisition facilitated business processes and made them neither more profitable nor faster. This reality clash made the board decide to leave the company's most important operation entirely, and to buy, cut and sell diamonds, with the current and competent supplier group.
A fund with more than R$ 355 million in assets (US$ 110 Million), all audited by the CVM (Brazilian Securities and Exchange Commission), is not built overnight, much less is achieved with a solitary work.
The PayDiamond fund is another order of magnitude that ensures the path chosen by all the members who believed in our project.
The robust numbers are more proof of our liquidity and security, but are small in the face of the pride I have of all the leaders, and the gratitude I have for the team of professionals, technicians and employees who make up our operational team around the world.
Once again, I show the seriousness and the results of our management in front of the greatest challenge, and also the greatest pleasure I have ever had in my life.
Go to the CVM website: http://sistemas.cvm.gov.br/?fundosreg
1. Type PayDiamond in the first field and enter the verification number that appears in the lower right corner to follow.
2. Click on the name of the investment fund PayDiamond.
3. At the bottom of the page click monthly report.
4. See the assets available in the portfolio.
Carlos Luiz - Managing Director PayDiamond