I've got to have a wisdom tooth out soon and I'm not looking forward to it 

The ~100btc includes the $200 refund.  There is a motion on the GLBSE website on whether to hold on to dividends only until we have ordered an ASIC which would cost 217btc(plus import tax) but take us to 20MH/s a share.  If we kept hold of dividends until October we could raise up to 100btc towards the ASIC.  So what you would be doing is swapping dividends for two to three months for a bigger share of the 40GH/s ASIC therefore a much bigger dividend.  Otherwise we have to sell more new shares (450) to order the ASIC and for RSM own PC to run the boards.

Anyway there are two motions for RSM on the GLBSE website:

1) save all funds from now on to buy ASIC's or continue buying FPGA's

2)save all dividends towards and to our first ASIC or just pay the weekly dividend.  Therefore we'll buy the ASIC through selling more shares meaning you will get a smaller share of the 40GH/s board

So you will not be loosing your dividends just investing them into buy an ASIC sooner.  Anyway we should be generating ~6btc a week until we buy some more equipment.  If the vote goes in favour of weekly payments then I'll pay them.  If the vote goes in favour of putting it in to an ASIC meaning shares holders get more MH/s a share then I'll publish the accounts each week until we can order.

BFL have started pre-orders for the ASIC's.  So we need to sell 232 new shares and save all dividends for a month to order in August.  So please go and vote and buy those shares so we can order a BFL-Single-ASIC at 40GH/s taking us to 20MH/s a share from 1.81MH/s if we stay FPGA.

The ModMiner supplier has now put us two boards online until we receive our two boards.  This means at current difficulty we could save up to 100btc by October towards our first ASIC.  So please go and vote in favour of us saving all mining profits from now until we have ordered our first ASIC.  If we save all mined funds until October we only have to sell 230 new shares from RSM holdings of 500 to order the and fully pay all the fees and taxes for the first ASIC which will take us too 20MH/s a share.  So please go and vote.  I will give an update each week on all funds saved towards the first ASIC.

Yeah but there is now a motion/vote on the GLBSE website now on whether to save all we got towards ordering ASIC's within three months or to continue ordering FPGA's which may take two months to be delivered.  There is also motion/vote on the GLBSE website on whether to save all funds from mining for the next two to three months to speed up the process of ordering the first ASIC.

Why do you own a BFL ASIC or know any one that does?  Or have you pre-ordered a BFL ASIC or know anyone who has.  Knowing there shipping lead times too!

Maybe if you accepted deposits down to 1btc you'd get more deposits as larger deposits are all with the Pirate and smaller deposits down to 10btc with the Hashking who has a better(well longer) reputation then you even if currently a lower interest rate.  Also if you had a website people could just visit to deposit you'd also get more funds.  I'm definitely for more bitcoin investment banks.  Also as you say you guarantee deposits your self I take it you aren't exposed top the Pirate and this is not just another PPT.

Yeah but your now only getting 800MH/s soon to be 1.68GH/s.  If we save up then the sooner we will have 40GH/s or 20MH/s share and three months is not a long time to sacrifice for the much bigger dividend in the end.

Well if it goes that way then we have got to sell 450 new shares of the remaining RSM holdings at 0.40btc before we can purchase the first ASIC.

edit: If we save all mined funds then we only have to sell 200 new shares from the RSM holdings at 0.040btc.

I voted yes as long term profits are more important than short term gains.

There is also OpenBitASIC - (https://bitcointalk.org/index.php?topic=76351.0) - to look at who should have made a new device announcement by September.  If they can offer a better value ASIC (as they state they can) then we will go with them instead.

New motion created on GLBSE website please vote

Yes: saved all btc mined to help towards ASIC expansion in October instead of paying a weekly dividend.

No: don't save any mined funds just pay the dividend.

OK I will do another motion on not paying any dividends and saving it all up towards the first ASIC.  I'd be happy with that and do a weekly update on funds raised from mining.  At the moment we making ~3btc a week off one board the ModMiner supplier is running for us until he ships our two boards.  So that's about ~30btc by September we could save or about ~42btc saved by October and that's not taking into account our hash rate should soon double on delivery of the boards.

Edit:  Even if our two boards are not delivered until August we could still save up to 100btc by October if we save all funds raised instead of paying weekly dividends.

Cash(refund):$200(30btc)
Total Equipment Resell Value (btc):?(possibly £600-£800 for quick sale[140btc-190btc)won't be sold until made obsolete for btc mining
btc:100btc
total shares: 1800sold(500 left to sell)
final total mh/s on the 2 Spartan boards:1.68GH/s(>2GH/s with ET new bitstream)
final mh/s per share:?(20MH/s a share if we go ASIC off only 2300 shares 1.82MH/s if we stay FPGA)
Total Assets(btc):100btc+500shares=300btc

So 450 new shares need to be sold from the remaining 500 to order the first 40GH/s ASIC in September/October.  Price $1299 + postage + import duties = $1680(260btc).  BFL state they will be shipping in October.

Interesting.

They won't be sold until there made obsolete for btc mining and development boards with one Spartan6 go for £440 so we should be able to off load them.  FPGA's are reprogrammable so we should find buyers for the right price.

Following motion created on the GLBSE website:

Continue buying more FPGA's that won't be delivered maybe until September or wait until October to order ASIC's. Yes: continue buying FPGA's No: wait until October to order ASIC's (Please ignore other motion with same date).

The Spartan6 chips in the FPGA's we have already bought have a hi resale value (once there put out of date by ASIC's).  I've seen individual Spartan6 chips selling for £350 each - http://www.ebay.co.uk/itm/XILINX-XC6SLX150T-2FGG676I-FPGA-SPARTAN-6-LXT-147K-676FGGBGA-/260963720288?pt=UK_BOI_Electrical_Components_Supplies_ET&hash=item3cc2a65c60#ht_500wt_1156 - and we have bought eight of them on two boards so we should get some money back on selling them once there out of date.  I've seen Spartan6 development boards going for £440 - http://www.ebay.co.uk/itm/DIGILENT-410-178-BOARD-DEV-FPGA-ATLYS-SPARTAN-/251002775415?pt=UK_BOI_Electrical_Components_Supplies_ET&hash=item3a70ee6777#ht_500wt_1156

Hi BFL are releasing this in October - BitForce SC Single: a standalone unit providing roughly 40 GH/s, priced at $1,299 - What do investors think on saving all we've got to order one?  It's only three months away and ordering a BFL-Single next week would take two months to be delivered.  We currently have 100btc and 502 shares left to sell.  That will raise 300btc in total we need about 25btc for a cheap PC with warranty to run the units.  So 275@$6.6=$1820.  We would have to pay 20% import duty on US imports so with delivery each BitForce SC Single would cost us up to $1680 leaving us with $140 towards a - BitForce SC Jalapeno: a USB powered coffee warmer providing 3.5 GH/s, priced at under $149 - or as I would prefer and put to motion issueing more shares for a second - BitForce SC Single: a standalone unit providing roughly 40 GH/s, priced at $1,299 - Or similar but better competing ASIC from any competitors on offer.
So I'm putting forward the motion on the GLBSE site to purchase a BFL-Single as soon as we can which probably won't be delivered until September.  Or to save everything we have now got to order ASIC's in October.  What do people think?  We currently have 800MH/s being operated for us by the ModMiner supplier until he can ship our two 840MH/s boards.  There will be a dividend next week again and every week from now on.  If we just bought the BitForce SC Single and the BitForce SC Jalapeno with the two FPGA we have purchased that would take us to 45GH/s@2300 shares or 20MH/s per share.

Taking into account the $200 refund and the possibility of issuing 200 more shares at 0.40btc to purchase 3*BFL-Single's in total at the current exchange rates we now have the following stat's

Summary

1.81565MH/s@0.21739W@1*share to be paid

4.17600MH/s@0.54348W@1BTC invested

1MH/s@0.11905W@0.23946BTC

I'm in the process of arranging for a price for a cheap low power reconditioned PC with full warranty from someone I know personally and well.  I think the price will be between £70 - £100.  Using a Atom nettop PC is no good as there not meant to be used 24/7 continually.  If I buy some shares on Wednesday are if we sell some more and/or as well then we will have enough to order a BFL-Single as well.  Lead time is up to twelve weeks but then we would have purchased 2.512GH/s (2.832GH/s with the new ET bitstream) and still have 180btc from 450shares at 0.40btc towards two BFL-Singles.  Meaning we only need to issue 200 more shares 2500 in total for 4.176GH/s meaning at current difficulty we could pay a >0.0064btc dividend per week once we could sell another 700 shares and all the hardware arrives.  4.2GH/s@2300shares if the bitcoin exchange rates stay at there current high value to purchase all the hardware (3*BFL-Singles and 1*PC).