Hello Tytus,
I am considering an investment in "100TH/s" project stocks. I have read the business plan and the forum posts carefully. But there are unanswered questions which are crucial for potential investor.
I believe that in one of your previous post you misunderstood the original question. The sentence
What are the long term plans for the 100TH security?
wasn't about physical security of the project, the poster was rather talking about long term plans with the stocks! (securities = stocks).
This is very important. I would like to kindly ask you to answer the following questions:
1) Do you guarantee you will not issue more stocks in the future? I have concerns about share dilution.
2) Can you clarify long-term goals with this project? E.g will you order another batch of chips, will you develop new-generation? Simply, will you try to keep stable piece of the total hashrate pie? If so, which funds will be used for that? And, the most important thing, will this happen under the current project or not? I mean will current shareholders be in or out?
3) Correct me if I'm wrong but I have seen nowhere (!) that you plan to sell the chips or even produce more of them. It's not mentioned in the b-plan either here on this forum. And now you are saying that you ordered double hashrate and one quarter of it is already sold (!). Will shareholders benefit from this transaction? If not, how will this revenues be used? Another quarter "goes for own development" - it probably means you will mine on these chips and make profit, won't you? Don't tell me you need 50 TH for technical development...
Serious investor simply needs more transparency, he/she needs to know if this is only one-time project or a sustainable long-term ship where he/she will always be onboard. So far it doesn't seem to me like that, it seems you used money from shareholders also to fund your own private sub-project.
Thanks in advance for clarifying it all...
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