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This is an auction for 900 ASICMINER shares ie. 900/400000 or 0.225% of the company currently in possession of 12TH/s worth of ASICs, and >50TH/s more already on order. This is not a mining bond. Shares grant you ownership and dividents from a company that manufactures Bitcoin ASICs and runs a massive farm using those chips.

Starting price is 0.40 BTC per share, and minimal increment in price is 0.01 BTC. Please place your bets in form of <# of shares> @ <bid per share in bitcoins> eg. 100 @ 0.40

About the company:
As you may know, ASICMINER is the first company to bring notable ASIC hashpower onto the network, and is the primary cause for the recent difficulty rise of over 10%. You can read more about ASICMINER here: https://bitcointalk.org/index.php?topic=99497.0 (https://bitcointalk.org/index.php?topic=99497.0)

ASICMINER promises to withold from taking any profits from mining until the shareholders will break even against the IPO price. After that, weekly dividends will be paid. ASICMINER plans to increase their hashing power to 50TH/s in the short term, and even more in long term. Resale of mining hardware is also planned, and shareholders will be entitled to their share of profits from that as well. Further hardware development has been planned as well.

Winning bidders will be asked to transfer BTC to an escrow (to be decided, volunteers welcome). Funds will be released to seller after escrow receives proof and confirmation that shares have been passed on to the winners of this auction.

Oh blimey. Hit the post button before finalizing my post. Minimum quantity 10 shares. Auction ends on sunday 24th of february 21 EET or 1 hour after last bid after deadline has passed regardless of how many shares were sold.

When is the end date?

Oops.

900 @ 0.40

PM: 20 @ 0.41

400 @ 0.41

Update:
----------------------------------------------------------

Bidder	Shares	Price per share
Vezunchik	400	0.41
PM1	20	0.41
TradeFortress	480	0.40

Happy bidding!

100 @ 4.1

10 @ 0.42

100 @ 0.43

I am also wondering when is the end date of this auction.

Update:
----------------------------------------------------------

Bidder	Shares	Price per share
Wisard	100	0.43
Icebreaker	10	0.42
BlackLilac	100	0.41
Vezunchik	400	0.41
PM1	20	0.41
TradeFortress	270	0.40

~80 hours left before the auction completes! Happy bidding!

50 @ 0.42

100 @ 0.43

20 @ .41

10 @ 0.42

How are the shares to be transfered? What market are they on?

Phil

900 @ 0.5

hmm. Is this serious??

25 @ 0.45
50 @ 0.44

I am sorry, but in last few days I've made a lot of deals and now I am short of money. I cant pay for may bid - please lower it for
90 @ 0.41.

That's a lot of scratch.

I'm so glad I can reply now ! 10@0.45 (PM you an hour ago)

100@0.43 (if that 900@0.5 did not count) ;)

Please update my bid to:

10 @ [highest bid] + BTC0.01

Is this for real? :o

no, I believe it was 100 @ .41

where do we stand on the current bids?

As no bids have been submitter during last hour, the auction has ended.

Bids:
----------------------------------------------------------

Bidder	Shares	Price per share
Icebreaker	10	0.52
Berto (PM)	30	0.51
nanopene	860	0.5

Non-winning bids: ---------------------------------------

nanopene	40	0.5
romantic1	10	0.45
romerun	25	0.45
romerun	50	0.44
johnyj	100	0.43
Wisard	100	0.43
Nancarrow	100	0.43
Davecoin	50	0.42
mc_lovin	10	0.42
BlackLilac	100	0.41
Vezunchik	90	0.41
justanickname (PM)	20	0.41
BitBears	20	0.41
TradeFortress	900	0.40

I will now arrange an escrow or negotiate directly with friedcat to get the ownership transferred to respective winners of the auction.

I will update this thread as I get all of this set up.

damn, I missed out!  I didn't realize we were up to that much, already.

UPDATE

I received a private message from Friedcat and he is ready to do the transfer. The procedure shall be as follows:

1. Winning bidders transfer correct amount of bitcoins to wallet specified below.
2. Winning bidders send their e-mail address and preferred bitcoin address for paying out dividends to friedcat via forum private message.
3. Friedcat checks that the amount has indeed been paid and transfers the ownership to new owners.

Icebreaker - 17AgHHkRVXtNdh4f7W4ZSP4ykeRUNvXBJn  https://blockchain.info/address/17AgHHkRVXtNdh4f7W4ZSP4ykeRUNvXBJn (https://blockchain.info/address/17AgHHkRVXtNdh4f7W4ZSP4ykeRUNvXBJn)
Berto - 1N4jnWsZAVoqQ4mE7GsTn7xK7f6L8a98Ap  https://blockchain.info/address/1N4jnWsZAVoqQ4mE7GsTn7xK7f6L8a98Ap (https://blockchain.info/address/1N4jnWsZAVoqQ4mE7GsTn7xK7f6L8a98Ap)
nanopene - 17QbuHR5Fim71AxBNNt958nZFrUGEJxZ6q   https://blockchain.info/address/17QbuHR5Fim71AxBNNt958nZFrUGEJxZ6q (https://blockchain.info/address/17QbuHR5Fim71AxBNNt958nZFrUGEJxZ6q)

Amounts due:

Icebreaker - 5.2 BTC - 17AgHHkRVXtNdh4f7W4ZSP4ykeRUNvXBJn (https://blockchain.info/address/17AgHHkRVXtNdh4f7W4ZSP4ykeRUNvXBJn)
Berto - 15.3 BTC - 1N4jnWsZAVoqQ4mE7GsTn7xK7f6L8a98Ap (https://blockchain.info/address/1N4jnWsZAVoqQ4mE7GsTn7xK7f6L8a98Ap)
nanopene - 430 BTC - 17QbuHR5Fim71AxBNNt958nZFrUGEJxZ6q (https://blockchain.info/address/17QbuHR5Fim71AxBNNt958nZFrUGEJxZ6q)

The transfer will be done after the payments are confirmed.

Payment of 15.3 BTC by Berto for 30 shares has been completed: 1N4jnWsZAVoqQ4mE7GsTn7xK7f6L8a98Ap (https://blockchain.info/address/1N4jnWsZAVoqQ4mE7GsTn7xK7f6L8a98Ap)

Actually I misstyped 0.45, sorry guys.
I wonder if I can cancel it and get penalized somehow, if such option is available.
But if I must pay that much, it will take a bit until I settle a few things around here first.

That having been said I will pay 0.5 BTC across 18 shares so 9 BTC.

Damn.  That is one expensive typo.

I'm sorry, but this is an auction, you should pay more attention to what you bid. Unless you pay the price you bid for these shares (and forced others to bid more than you) I will fulfill your bids last, ie. you go to the end of the line. You have 48 hours to come up with the payment. You may also settle for a smaller amount of shares.

The auction has ended yesterday at 22 EET. I'm sorry, but I think it would be unfair toward other bidders to let this auction continue.

True, but if anyone reading this has shares they can let me know.  It's that or a WTB thread.. 

hm.. would be nice if it's done before FEB28 so that we can get dividend...

BTC5.2 sent to 17AgHHkRVXtNdh4f7W4ZSP4ykeRUNvXBJn

TxID# 53929bb0837e268de45eba1f8bbe0ae9dd6bad51fef7ab9ae88a660f23930269

Payment for 10 shares @ 0.52 received, thank you.  (https://blockchain.info/address/17AgHHkRVXtNdh4f7W4ZSP4ykeRUNvXBJn)

yeah, me too.  PM me if you want to sell some shares, anyone!

Would that then mean other people that placed bids are still obligated to purchase those shares?  I only ask because I assumed the funds I bid (21BTC) could then be used for other means due to "losing" the auction.   Just seeking clarification.

Thanks,
David

Nanopene has contacted me and promised to pay for the shares. I have given him the option to a) pay for all 860 shares at the price of 0.5 BTC per share b) pay whatever amount he can pay for at 0.5 BTC per share. Unpaid shares will then be sold to next highest bidder until all shares have been exhausted c) not pay anything and lose the possibility of getting any shares. This should all happen before the projected dividend payout.

Thanks for the update.

I just wanted to post a clarification. If in case Nanopene does not pay and you have to go down the list until you hit the price of 0.43 - then my name wisard should get priority over johnyj's bid. Because I posted my bid well before his. (Right now, his name is listed above mine - not sure why. I didn't say anything because it was a losing bid and didn't matter. But if it is a winning bid, and the number of shares matter, then please make sure I get the first preference for bids placed earlier - I will buy the shares. Thanks.)

If nanopene totally backs out, then I have a big mess on my hands, as his bid pretty much put an end to further bidding. I will need to see what is the fairest thing to do in that case. I've received tons of PMs asking for shares, placing bids, changing bids etc.

Icebreaker and Berto had higher bids than nanopene, and they have already paid. Needless to say, their bids would've been unlikely to exceed 0.5 BTC without nanopene's bid.

The dividend payment day is just 2 days from now. If I'm unable to settle this auction before then, it's all gonna be even more messed up, as the shares will not get transferred in time etc.

I hope to hear from nanopene soon, so we can settle this auction in a professional and fair manner.

Update:

Nanopene has contacted me and promised to pay for the shares by the end of the week. This means, that the dividends might get paid to me, but I will reimburse him for the amount when he completes the payment.

Auction is hereby closed, Icebreaker and Berto will hopefully receive the ownership of their shares by tomorrow. I will now contact Friedcat to complete the transfer.

Thank you everyone!

I am really sorry for the mess guys.
I should have been way more careful, as it was my first time at the auction.
I wish to take responsibility of my mistakes, I'll be back to you guys with the definitive decision tonight.
It is not lack of funds or lack of will, but lack of a sterile environment to access my wallets. I am currently out of the country and that makes it harder for me.

Any update on this?

Status: 0/unconfirmed, broadcast through 6 nodes
Date: 2/28/2013 14:00
To: punin 17QbuHR5Fim71AxBNNt958nZFrUGEJxZ6q
Debit: -430.00 BTC
Net amount: -430.00 BTC
Transaction ID: d5f45d56a7196d7c147315fd912fb2cf45371594c48d0aef4c2da2960634bfaa

congrats  ;D