I don't think anyone here who has held shares would disagree but this isn't about that. IPO investors who entrusted him with 500 BTC (~$5000 at the time) for a board seat (5000 shares) are now millionaires, go back and read that for yourselves. However, the question that many people here (speculators and soon-to-be shareholders) are wondering:

Q: Is it more profitable to

1) just hold BTC
2) spend BTC to buy mining gear that is "ahead of the curve"
3) spend BTC to buy shares in mining company that develops and sells their own hardware

It is highly recommended that those who decide to partake in any of these options to do your research, or you will just give away your BTC.

There are 400k total shares, of which only 163,962 shares are floated by the public (PT, IPO investors, direct minority shareholders, etc). Each share as voting power; however it doesn't mean much as more than 51% of all shares are held by Bitfountain. Board members are those who hold 5000 shares in their possession, they receive minor updates on what appears to be a weekly basis. Note these updates are not significant, more like "things are still on schedule." Any board members who think otherwise is free to correct me. To all newcomers, I would highly suggest to all reading all of friedcat's posts from Aug 2012 onwards before "investing."

PSA: Havelock has now taken over management of the passthrough on their site:

Address: 1J5fvfUrDcZj8rrpVHMgn8u7sXee84QkPd

Currently has 19733 shares tied to it (subject to change) and the new email is now AMFund@havelockinvestments.com.

On behalf of all the passthrough users, thanks for starting and managing the passthrough to this point ThickasThieves.

That most likely means that someone started franchising at the difficulty change a few days ago, makes sense.

Are you back....?

At a supposed 60 TH/s, the variance must of been extreme to find those 3 blocks by chance. March is coming around, it's about time for another announcement.

Feds getting involved, times are changing...

The fact that it will be someone else who's doing you've been doing for awhile. So far, they've been responsive and proactive in their efforts and that trust will come over time. Also, people are reading into it too much (myself included) that a board member would suddenly stop being one when ASICMiner in the process of developing/producing hardware en masse. You've said that it was time to move on and had other projects but for the average shareholder, the immediate question was 'Is there something that went wrong?'. At least, that was the general consensus (from what I read) that many have had since your announcement.

That is not what I meant, the issue is not with you. You've done a fine job of managing it and anyone who has used the PT would agree wholeheartedly. It's the transition process that has people a little bit on edge.

PM Havelock, they've been responsive to me.

Edit: It would be ideal with Havelock & friedcat would post something confirming the transition from TAT management to Havelock in the next update.

Hmmm, someone will find this somewhat troubling. We don't want another BitFunder & BTC-TC again.

Edit: They have been responsive so far but many of us are wary of what has already happened.

Those who follow this particular thread are (or should be) aware of this and any panic selling now is a sure way to lose your BTC. If you've held on for this long, no reason why a little longer will matter. Personally, I need to do quite a bit of catching up on the thread as I've been away. ASICMiner started hashing at 800 GH/s-1.7 TH/s in early February 2013 (Link) and kind of makes you wonder if he's targeting the same timeframe.

Disclosure: I still own shares

We'll see a max of $2.5K/BTC in 2013. Any higher and even the old blokes around here will start getting worried...

Honest question: Is $10,000 possible in 2014?

Impressive report and awaiting the video!

I'm going to be that guy again and ask if blocks found after today's payout is just variance?

There are a few known board members (outside of PT owners) but don't know if they want to be revealed.

Repost (and Google Translated):

Based on an open exchange blockchain draft document (grilled cat internal testing team)

By rockxie · 8 hours and 7 minutes ago · Source: Original · 11 Comments
Grilled cat company mentioned before, in the development of a stock exchange based blockchain, and now this project has begun to have some prospect estimated will soon be able to meet you, little brother can not wait to draft documents in English translated into Chinese for everyone to see it. This document should be updated late, just a junior version. (Please indicate from bitell.com)

Help and Support
Definition
OSE: open stock exchange acronym.

Bitcoin: a virtual currency has not yet been recognized by any statutory Network merchandise.

Virtual Securities: An OSE server in Bitcoin transactions and virtual goods.

OSE Server: A scanning blockchain, responding to user commands encoded transaction Internet services.

OSE website: an OSE server displays all relevant blockchain transaction information website.

OSE institutions: a website providing OSE OSE server and Internet groups.

Statement
OSE server to identify the user issued a directive based on a specific blockchain transactions, including the issuance, trading and managing virtual securities. This is its only function and responsibilities.

Any securities should not be regarded as a virtual representative of the creditor's rights of ownership or real real securities. It is the responsibility of all virtual securities, only their own securities issued abide by its commitment to be effective.

OSE website is an auxiliary tool, showing OSE server's data. In the display, it may have dysfunction, inaccuracies and delays. It will not responsible for any damages caused thereby. It is true only in blockchain on records, which are used to track the OSE server transactions, and resolve disputes between users.

OSE institutions are not involved in any form of legal tender related businesses. While it may be virtual Securities Issuers set standards and requirements, but it will not issuers failed to fulfill their commitments and be responsible for, nor obligation to deal with issuers and their users conflict between the terms of the problem or issue ambiguity entries.

In addition to listing fees, OSE server does not charge any fees. And transactions and payments are free

User Guide
Using OSE, you do not log on. However, you will need a bitcoin wallet client or online wallet. Bitcoin address will be used as your identification ID. Issuing, trading, or managing virtual securities of all operations, is by sending a certain amount of money to a group of bits assigned to each virtual securities to achieve a specific address.

Account

Each account bind a bitcoin address. This address is to hold shares of all virtual securities certificates. To switch to the account interface, in the upper right corner of OSE homepage fill in the appropriate input box bitcoin address, and then press Enter. It will display the account transaction history, pay dividends received, and all pending orders.

Assets

Each has its own virtual Securities Asset page. In the page, you can see the time-based price curve. You can choose the time window (upper left picture) enlarge or reduce the length of the curve. You can also enter the start and end dates (picture top right). In the picture below the price curve, open orders (bids and offers) will be displayed. Recent transactions at the bottom.

BUY

Each virtual Securities will be bound one to sell securities Bitcoin address (BUY address). Want to use a bit of money buying X Y shares of stock, then please send X * Y + X * 0.00000001 bits credits to buy address pending.
Wherein, X maximum can not exceed 9999. And Y must be a multiple of 0.0001. For example, 10.00000100 representative to 0.1BTC price, to buy 100 shares. Send Bitcoin address is called the source of the buyer's address.

Buying will always be preserved until they are eaten by all the people, or is the buyer canceled. When the transaction is completed part or all of the time, the number of shares corresponding to the virtual securities transactions will be based on the amount of the increase. This part of the number of shares will be bound to the purchaser address.

When sending a X * Y + X * 0.00000001 bits currency after, X * 0.00000001 bitcoin this part will be immediately returned. When an order is reserved when, X * Y of this part of the OSE server Bitcoin will be held. When an order is executed, according to the number of bitcoin trading stocks will be sent to the seller. . If the order is canceled, bitcoin will be returned to the buyer.

Sell

Each virtual Securities will be bound to sell securities in a Bitcoin address (sell addresses). Want to use a bit of money selling X Y shares of stock, then please send X * Y + X * 0.00000001 bits credits to sell addresses pending.
Wherein, X maximum can not exceed 9999. And Y must be a multiple of 0.0001. For example, 10.00000100 representative to 0.1BTC price, to sell 100 shares. Send Bitcoin address is called the source address of the seller.

Sale will always be preserved until they are eaten by all the people, or is the seller canceled. When the transaction is completed part or all of the time, the number of shares corresponding to the virtual securities will be reduced according to the amount of the transaction. This part of the number of shares to bind the seller's address.

When sending a X * Y + X * 0.00000001 bits currency after all bitcoin all will be immediately returned. Sell ​​orders when X shares are reserved tradable shares available to be sold or transferred will reduce the total number of X shares. When the order transaction occurs, the corresponding shares will be transferred to the buyer. If you cancel the pending order, the number of shares available for sale will be re-updated.

Shift

Each virtual securities will be used to bind an address transferred (transfer address). X Shares to be transferred, please send an arbitrary number (Y) of bitcoins to the branch address, and sends X * 0.00000001 bits you want to transfer money to the address (receiver address). X max can not exceed 9999. Send Bitcoin source address is known as "sender address."

When sending a Y number of bitcoins, all the bitcoin will be immediately returned. Sender address corresponding number of shares will reduce X shares and the recipient's address corresponding to the number of shares will increase by X shares.

Prompt
Wrong format

When sent to the OSE bitcoin address command in the system does not match the directive, that is malformed, bitcoin will be sent back immediately backtrack.


Delay

If the corresponding transaction did not meet six or more recognized, the corresponding all commands will be considered invalid. Taking into account an average of 10 minutes each confirmed, this means identifying and executing each command will take approximately one hour.

Offline recovery

If for some reason, the server is down for some time, as soon as possible after it is started rescan blockchain, then from the last place to begin to deal with all the commands.

Transaction fees

Identification of all commands have to address all of the commands are received confirmation from the amount received bitcoin address, rather than always sending bitcoins. So, if you want to execute the command as soon as possible, you need to pay their own additional transaction fees.

Frequently Asked Questions
Q: Virtual securities shareholders on how to vote?

Answer: This feature is not fully realized, because the design space is relatively large, we do not choose a specific option.

Q: How does the issuer Bitcoin virtual pay dividends?

A: We will let people know the issue of assets used to pay for a particular Bitcoin address (payment address). When the issuer sends X * Y bits coins, where X is the total number of shares, Y is dividend per share, shareholders will be based on the number of shares they receive bitcoins.

Q: In the OSE website, what is the delay of the price curve, and an open buying and selling?

A: They are updated recently confirmed transaction statistics (a confirmation).

Repost from Speculation Thread: