Clearly not the sharpest pencil in the drawer.
let me try to explain really slowly... the hardware is worth more than it will ever mine, and far more than it will ever generate after fees. Ive been saying this since spring, the least worst thing that could happen for shareholders is liquidation. The sooner the better. Wasnt this hardware purchased at like 5 or 7 BTC/TH ? There was some hope zero dividend day would prompt a liquidation, making the current price possibly even attractive. Lowering fees, as predicted, pushes this out, and cryptx will keep pushing this out until the hardware is worthless, because he only cares about his fees. Enjoy your crumbs in the meanwhile, Mr "247% annual return ".
Third time, for the very, very slow: yesterday we didn't make dividend. Today costs were lowered, dividend resumed, share price up. Third time, for the very, very Puppet: Explain to me any way in which this is bad news for shareholders (not you, who are not a shareholder, and have other ways of assessing what is good news and bad). I am not: a) saying this is an amazing investment, as-it-stands-now. b) saying this will turn everything around and everything is ok. c) saying this is the best possible course. But it is discouraging to me to come here and see the incessant trolling with an instant post about how only idiots will think this reduction of costs, resumption of dividends and subsequent rise in share price is good news. How, on Earth, could it *not* be construed as good news? Just this thing. Not everything else. I am not commenting on your other hundreds of posts on this topic, Puppet. Just this one. Surely, it is good news? Here is another way to think about it. Yes, it is good news that money is flowing out to shareholders again, but better news would be if they decided to liquidate the mine, and here is why... If all assets were sold off right now, a last dividend of somewhere between .0007 and .001 btc per share would be sent out to all shareholders. If cryptx continues to hold the machines and mine, they will pay out a lot less than that per share in dividends, and the price that you could get for the machines on the market will continue to go down, effectively decreasing the amount of final dividend that will be distributed. So yes, it is better that they are paying out dividends instead of keeping the mining revenues for themselves, but it could be even better if they just sell everything and pay out the proceeds. Also, did anyone else feel like the update was a giant FU to everyone? It sounded really really smug to me and sort of like, yea whatever F you all I will do want i want. Also ScryptX should have lowered fees now too since we now know that the hosting fee was not the bottom dollar that they could charge people. |
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I don't care some negative viewpoint, some people have bad experience with lumina or cryptco but tradefocus is different. Design, Company, interest rate is rational . let's see what they do.
Interest rate is not rational, what universe do you live in that can possibly come close to a 3.5% return per day! Not possible, can't be done, obvious scam. |
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This is absolutely a scam and is probably the same person who did, whatever that last one was called that had the signature campaign.
IT IS FOLLOWING THE EXACT SAME PATH AS BEFORE AND YOU WILL LOSE ALL YOUR MONEY! GUARANTEED!
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Rofl, you don't say. And some idiots will think this is good news too
How could anyone say that is good news? All they did was reduce the fee by enough so that they would just barely be paying dividends again, and they will continue to collect their daily cut. Somehow the share price rebounded back up to .0006, who would be stupid enough to buy back up that high, my only thoughts are Cryptx themselves. And it just goes to show how much money they have been making this whole time that they can just cut the hosting fee by a third, no big deal. |
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My current thoughts on the project...
At this point dividends are negligible and mean nothing, anything paid in divs is just a bonus to the cost of the assets owned by the fund. Therefor, the only thing left that has any value in PETA are the assets, which are capable of mining at 1150 TH/s.
So, currently the AsicMiner Prisma is selling at 1.47 btc for 1.4 TH/s of hashrate in CanaryInTheMines Group Buy thread.
Obviously we won't get the same price as our power efficiency is worse, but I don't think it is out of reason to expect to get .75 btc per TH/s of power at this point.
So, if we were to liquidate all of the assets, we would have 862.5 btc roughly, which divided over 1,149,988 shares, would be .00075 btc per share.
Of course that assumes that all of the assets can be sold for that amount and can be sold quickly. I suppose that is the gamble right now, if we do decide to liquidate, there could be dividends of about double the current price assuming Cryptx decides to listen to investors and sell the equipment. If they don't, they will continue to mine to nothing (except Cryptx's pocket) and we will be left with worthless equipment.
The time is now the liquidate the fund and sell off the assets.
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Would you take $75 for the 24 port Linksys Switch?
It retails for $200 and is like-new, so I was hoping to get around $125. [/quote] Fair enough, I appreciate the consideration |
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Dear unit holders, Difficulty has increased a little more than we originally anticipated. Our IPO prospectus foresaw a difficulty of less than 2B by this time. In reality it is a little higher, at 17 times our projection. As a result, we have fallen a bit short of our initial 1BTC per share dividend goal for October. But if bitcoin exchange rate increases by a few orders of magnitude and difficulty declines dramatically over he next decade or two, our initial goal is still within reach. To maintain the possibility of achieving this goal, PETA mine will continue running for as long as mining revenue exceeds our very low undisclosed hosting costs. But whenever the revenue falls below our publicly announced $0.15/GH/month, as happened yesterday and will happen more and more frequently in the future, PETA will generously lend unit holders the difference so that no negative dividends have to be collected. Actual dividends will only resume once this accumulated debt is repaid, which will be increasing unlikely to happen ever. Looking further ahead, once mining revenue drops below our undisclosed hosting costs, we will auction off the hardware, and will deduct this sum from the outstanding loan, thereby reducing the debt unit holders owe to Peta. PETA mine has come a long way, and together with Havelock, has been a leader in driving down prices per GH, from ~0.007 BTC per GH at IPO to 0.0003 0.00025 ฿0.00020 BTC today, an impressive 2300 2700 3000% decline in just a few months. We are proud of this achievement and look forward to continuing on this path and set new records along the way. YHBT Team CryptX lmfao...wow! That's really big of you CryptX. You would be willing to do that for us? What a guy! Considering I seriously doubt that havelock has any provisions for asset holders to actually charge their customers for holding shares this basically amounts to a doggie treat with 0 flavor. The debt unit holders owe to Peta?!?! Did he really just say that! So glad I'm out of this cluster-buck. This asset has been a complete sham for quite sometime. Buyer beware, petamine is likely to not be around much longer. I believe that was a fake story put out by Puppet that he made to look like an actual announcement. Not real though. Although probably not too far off what the actual announcement will be. |
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That is awesome news, if any of the colleges in my area do something like this I will go to a game...even if it is a KU football game (blah).
My goodness though, reading through the comments, you almost feel like you have been hit with a stupid stick. Do people not do any research before making comments (that is a rhetorical question as I know they do not). But if that is any indication of public view of bitcoin (and not just rantings of stupid people who either lost money with the price decrease or got robbed because they can't protect their own investment), then something needs to change to shed a more positive light on bitcoin.
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Would you take $75 for the 24 port Linksys Switch?
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so we go 3-0 yesterday ! starting another big streak! Ok everyone I am now charging $25 a month for my picks. Please refer to the first page for details.Also, if you sign up under me at http://www.betcoinpartners.com/c/1/1333 you will receive 0.001 BTC free!!! (must hit 0.005 to withdraw) They offer sports betting, casino games and poker.next bet is out! I have finished my tally for last month, I made .615 bitcoin by following Richard. I started my bets small and increased them about half way through the month until i was betting about 100 mbtc per game, so if I would have been doing that the whole month, I retroactively determined I would have made roughly a little over 1.25 btc. Not bad and some nice pocket change. Get in now before all the spots fill up! |
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The two former Poker players behind this outfit will be getting investigated within a week if I see no action taken. I have their information from high profile investors who have communicated with them at conferences.
Rest assured I have contacts who are taking preliminary steps already . This is gross negligence at the bare minimum and a blatant violation of the terms stated prior to IPO.
They've received numerous requests to initiate liquidation of shareholder-owned assets and not responded to a single one.
If you don't mind me asking, what are you going to investigate? The fact that they broke the law by issuing an unlicensed security? Or that they have ignored shareholders or both? Also could you clarify what was a violation of the terms of their IPO? The latter potentially can be used as leverage going backwards (don't assume parallel construction) We are more concerned with proving intentional misrepresentation which we see as a fairly easy route to go down with the information available to us today. We can also prove Malfeasance on the part of The Panama Fund, SA having obtained API logs and notarised reports originating from some of the largest stakeholders proving prior statements issued by management there to be demonstrably false. Although we are less concerned with following them at the moment, such a case will be time consuming and likely unproductive. Managers of CRYPTX-BVBA (0536896285) knows the relevant procedures going forward. Have you done any research on how many bitcoins they currently hold and/or the networth of the CryptX team. I don't mean to be a thorn in your side, as I lost money in this and about 12 btc in scryptx, but just asking for general purposes as it never hurts to think about other sides of the coin. Have you traced address associated with cryptx to see their current holdings for both personal and business? If the total assets aren't very high, it may not be worth it to pursue legally as fees will probably be quite high in doing this. Will the plan be to have a class action suit for both of the issued securities? |
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You should try VistaPrint, I think they ship worldwide and have been fairly reasonably priced in my dealings with them.
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The two former Poker players behind this outfit will be getting investigated within a week if I see no action taken. I have their information from high profile investors who have communicated with them at conferences.
Rest assured I have contacts who are taking preliminary steps already . This is gross negligence at the bare minimum and a blatant violation of the terms stated prior to IPO.
They've received numerous requests to initiate liquidation of shareholder-owned assets and not responded to a single one.
If you don't mind me asking, what are you going to investigate? The fact that they broke the law by issuing an unlicensed security? Or that they have ignored shareholders or both? Also could you clarify what was a violation of the terms of their IPO? |
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I have decided to join another signature campaign, thank you for allowing me to participate in this one and good luck with your site.
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I am interested in participating in your campaign and would be happy to commit to the 90 day period for the gold plated coin.
If interested please let me know and I will change my signature.
Thanks for your consideration.
You've been selected thank you for your support Thank you, my signature has been changed, please add me to OP, post count is currently 1443 |
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I am interested in participating in your campaign and would be happy to commit to the 90 day period for the gold plated coin.
If interested please let me know and I will change my signature.
Thanks for your consideration.
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I have not received an email about continuing for a third week, FortuneJack, please look into this, I have already sent you a PM
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B Bet Winner, and the profit train keeps on trucking along. Made about .5 btc last month, would have been a little over 1 btc had I been betting consistently, but still a nice profit.
Let's keep it going!
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try to do some posts for signatures? and try to remove your negative feedback w. the issuer.
Well seeing as he stole somewhere around .3 bitcoin from me (possibly more I would have to double check as I forgot the exact amount), I would say his chances of that are pretty slim. If he is actually disabled and unemployed, he def got what was coming to him, just an example of how karma always catches up with you. |
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scammer, do not do business with!
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