The end goal is to provide or exceed 20MH/s per share.  It will require some management on my part to go from the current 1MH/s per share FPGA goal to the 20MH/s per share ASIC goal as we start massively increasing hashing power.  Investor demand will ultimately determine the rate at which the MH/s per share amount is adjusted.  There is no way to say exactly how many shares will be on the market when the ASICs arrive, but I will try to keep things orderly, and keep the share count down until the ASICs arrive.

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Those are the stated goals.  However, the MH/s per share could increase significantly while buyers are found for the additional shares hitting the market.  Dividends during this period should be extremely high due to being at the front of the line for ASIC miners, which should allow us to exploit a low difficulty, as well as a potentially higher MH/s per share while buyers are found.  That is the "intrinsic bet" MoinCoin mentioned.

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I will pay more than 20MH/s per share if we have more than 20MH/s per share operating.  I will not be dumping 18,000 shares on the market at once, so there will be a transitional period where it would be reasonable to assume that more than 20MH/s per share in dividends will be paid.  

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The quote below is from the thread FAQ.  Basically, the way I'm planning to implement it is like this...  Once we have our equipment in place and have exceeded the 20MH/s per share goal, shares still held by the company will begin being placed in a separate account, with dividends used to pay electricity costs and buy more shares on the open market.  This should allow NASTY to remain free of operator costs & electricity costs, while also providing an ongoing demand for shares and not dilluting the market.  

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There is no "cap" and seeing as though there are only 25,000 shares and more than 500,000MH/s currently on order, without a motion passing with a 66% 'yes' shareholder vote to issue more shares, the MH/s per share is guaranteed to exceed 20MH/s.

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You don't seem to understand how GLBSE works.  Dividends are paid out only to the Outstanding Shares (noted on the OP).  Currently there are "Shares Outstanding."  100% of the dividends generated by the "Currently Operating" equipment (also noted on the OP) is paid to the Outstanding Shares.

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You are making assumptions about the rate at which shares would be transferred to a private account.  As the controller of the company, that makes me the single largest controller of NASTY shares at the present time.  That is a rather large incentive to keep dividends high, shareholders happy, and the share price elevated.  

Let me also repost this:
There is no "cap" and seeing as though there are only 25,000 shares and more than 500,000MH/s currently on order, without a motion passing with a 66% 'yes' shareholder vote to issue more shares, the MH/s per share is guaranteed to exceed 20MH/s.

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As stated, I control them.  I do not own them.  Due to controlling them on behalf of the shareholder, I have an incentive to make sure they are valued highly and distributed in a way that maximizes shareholder value.  

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I have no plans to change the OP or contract at this time.  There is no cap.  

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Then make your investment decisions based on your assumptions.  The imaginary cap has been addressed several times now and I don't think anyone appreciates your trolling using a sock puppet account.  As mentioned, with the current shares issued and the ordered equipment, it would be impossible not to exceed 20MH/s per share without either a shareholder motion to issue more shares, or the equipment providers falling short of their estimates.

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This was already answered.  Please re-read the FAQ section on how free electricity is provided and the above posts for clarification.

Own more shares.    One of the biggest advantages of weekly dividend payouts is compounding your interest at a much faster rate than is available with typical investments.

I don't like the idea of keeping a portion of the dividends.  I would like to continue to pay out 100% of the coins mined by this operation to shareholders.  Each shareholder could choose to use their dividends to buy more shares on their own if they so please, thus putting this decision in their hands.

I don't see why a portfolio held within the NASTY account couldn't be established if that is something shareholders would like to have.  That would put me in the position of a fund manager though, and would expose NASTY shareholders to other operations.  It would most definitely require a motion and further discussion.

The company doesn't owe me anything.  100% of all mining proceeds will continue being paid to shareholders.

It is impossible to determine the projected payouts at this time.  Difficulty, outstanding share count, & hash rate are all going to change significantly in the coming months.  Trying to project exactly what our payouts will be is not something I want to speculate on.  Feel free to make your own assumptions.

Thank you for adding NASTY to BLUECHIP.  Lots of great things on the way.

This is a good explanation.  Me willing to sell PUT options is only a bet that the share price is currently undervalued, and it's a bet I would be making with my own funds.  The only effect it should have on shareholders, is to inspire confidence that I'm willing to bet the share price will go up.

I've suggested this many times to Nefario.  It could be another level of verification (and the only one that would actually matter in my eyes).
"Bonded for X BTC against default" would go a long way in providing a bottom for shares and instilling confidence in GLBSE assets.

A dividend of BTC14.16 has been paid.  


Thank you for bringing that to my attention.  I placed an order for 2x 54GH/s bASIC miners.  I also ordered another BitForce 'SC' 40GH/s miner and updated the "ordered" list on the OP.

Whatever excuse you need to use is fine.  Good luck getting people to loan you shares.

I'll just leave this here:

I'd be willing to sell put options on NASTY shares at the IPO price if you were interested in taking a short position.

You'd be buying them from me, not the asset...  I would pay if the asset went bankrupt.  I understand your reasoning for trying to borrow shares, but if you want to put your money where your mouth is, I have a very established trading record and would be an honorable issuer of put options for NASTY. 

So am I correct in seeing that preorders are suspended until the "next wave" of orders is ready?

Any idea when this will be?

I won't lend you anything, but I would be willing to sell you some put options on NASTY shares if you were interested in short exposure to my asset on GLBSE. 

I'm looking into preordering an Avalon, but it looks like it would need to be ordered next week to get the preorder pricing.  With our shares currently so heavily undervalued due to the BFL & Goat/Nefario situations, I cannot sell more at this time to raise funds for this purchase without harming current shareholder value.  For that reason, I may just use my own funds and plan to recoup my costs with future share sales at much higher than current prices.  I feel like that is the best option I have for balancing expansion and maintaining shareholder confidence.  I've also registered with #Bitcoin-OTC Web of Trust and added a link in my forum signature to my OTC ratings page, in an attempt to further elevate shareholder trust in my abilities and intentions as an asset issuer on GLBSE.

The share price is definitely not reflecting a change in the company's fundamentals. Outstanding share count is down, looks like we're going to see another strong dividend this week, and I've ordered another 1.2GH/s in FPGAs that should arrive within a month. The weather is also cooling down, so I should be able to increase our bitstreams soon. All positive things. In addition, I'm looking at placing an order for a competitor's ASIC miner to diversify a bit from BFL.

You're welcome.  Thanks for pointing out the Outstanding Shares statistic is available in real time and not just through the dividend API from the previous week.  I'll have that updated soon.

The Dividends Paid statistic is now automated.

Sold to me.