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Title: Re: New IPO [GLBSE] [Bakewell] - Finally, a transparent investment that will grow! Post by: ianbakewell on September 04, 2012, 07:34:47 PM Am I to understand that equipment will not be purchased until all 50K public shares are sold? I just want to make sure I understand this clearly. If this is true, you may have to re-think your strategy. I can not afford to have BTC invested in an asset that is not producing current dividends. I'm sure many other investors think the same way. Yes. I simply believe this to be the best plan of action. This is an investment, and while I understand that in the current marketplace other options providing immediate reward exist, they do so at some costs: High Risk. No Equity. Low Growth. To take dividends now, or to wait, would depend on your personal finances and goals. I do believe you will see large capital appreciation even in the absence of dividends, as we are selling for .15 per right now, an asset that will be 20mhash/s post asic. A quick comparison of GIGAMINING (currently the most active mining asset on the glbse) shows them trading @ .83 for 5mhash now with an option to pay .25 for an upgrade to 20mhash/s post asic. you can buy BAKEWELL right now for .15 and have 20mhash/sec post asic. You would need to hold GIGAMINING and save the dividends they paid for 65 weeks+ to equal the expected gains on BAKEWELL based on current market prices. If you, "can not afford to have BTC invested in an asset that is not producing current dividends" I would suggest taking a look at the overall picture. I am also providing liquidity for those who absolutely need out, via a bidwall @ .125 , so ipo investors, while recieving a small penalty for pulling out, are not "locked in" https://glbse.com/asset/view/BAKEWELL |