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41  Economy / Securities / Re: [HAVELOCK] SCRYPT 10 GH/s hosted scrypt mining project by CRYPTX - IPO 7 MAY on: May 23, 2014, 06:20:00 PM
bit disappointed with the div, but fair enough, the same amount of btc is worth more today than it was last week so divs have actually increased in value.
42  Economy / Securities / Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE on: May 23, 2014, 10:28:24 AM
Wow, everything up to 0.1 has been bought!

edit: and havelock is down haha!
43  Economy / Securities / Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE on: May 23, 2014, 09:36:40 AM
Why is the public trading open when the IPO is still going?

I literally bought the last few shares in the IPO, and now I could get them for 10% less or more.

What the???

Does seem strange doesn't it, maybe contact havelock?

Anyways as for dividends the prospectus says:
Quote
Furthermore, all dividends from the existing PetaMine between 9 May, 2014 and the end of the IPO on 31 May, 2014 will also be invested in the new hardware.
44  Economy / Securities / Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE on: May 23, 2014, 09:28:17 AM
Well trading is open again despite the IPO for some reason, I grabbed a big chunk of the shares below IPO price, anyone want to take the rest? Only a few BTCs worth and the IPO will get more sales.
45  Economy / Securities / Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE on: May 23, 2014, 09:15:45 AM
Cryptx,

Still not answered questions:
1. Why we are hashing at 466TH instead of 503 mentioned in prospect?
2. Why there is 27 Dragon miners in prospect when according to Your weekly updates about our re-investment found  we bought 39, for what we spend 220btc?
3. What option of refund from cointerra will we have or maybe it was delivered already?

4. Was the hardware you bought with the 1000btc loan paid for in BTC or flat?
46  Economy / Securities / Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE on: May 22, 2014, 08:47:25 PM
Was the hardware paid for in BTC or flat? Just wondering because with the price of bitcoin rising the BTC loan we are repaying is becoming more and more expensive. If the hardware was bought with BTC then fair enough but if it was bought with flat we need to see the loan amount readjusted.
47  Economy / Securities / Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE on: May 22, 2014, 05:08:04 PM
"We would like to announce that in the event that the first batch of 10,000 units is not sold out by This Sunday the 25th of May,2014 at 20:00 GMT, CryptX will purchase all remaining units of this batch."

We are not Sunday 25th of May at 20:00 GMT, so we have not bought any share.

Reinvestment funds:
https://blockchain.info/address/1LYfg4xS6Usde354g9i6YsbrNHyCnspby8

Nice one guys, IPO is finally picking up steam then! Great work. Can't wait to see the new hashrate.
Giving up divs is sucky, but the share value appreciation once the debt is paid off will probably more than make up for it.
48  Economy / Securities / Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE on: May 18, 2014, 01:09:07 PM
The only thing that will save this project is the supposed July boom. Quite a few people think it might happen in which case we'll be ok.
49  Economy / Securities / Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE on: May 17, 2014, 06:54:00 PM
I think as shareholders we have a right to know how much the shares were bought for, you are transparent about reinvestment purchases to some extent, this was our reinvestment money as I understand it and we should know whether it was spent wisely.
50  Economy / Securities / Re: [HAVELOCK] SCRYPT 10 GH/s hosted scrypt mining project by CRYPTX - IPO 7 MAY on: May 16, 2014, 07:12:02 PM
Since this is the first dividends they are calculated monthly. Once they make another payment it will automatically adjust.

Ahh ok, I wondered why that always happened
51  Economy / Securities / Re: [HAVELOCK] SCRYPT 10 GH/s hosted scrypt mining project by CRYPTX - IPO 7 MAY on: May 16, 2014, 05:03:20 PM
only 40% of profits for div?
52  Economy / Securities / Re: [HAVELOCK] SCRYPT 10 GH/s hosted scrypt mining project by CRYPTX - IPO 7 MAY on: May 16, 2014, 04:53:06 PM
Looks like div of ฿0.00057296 per share

Havelock is saying 19% yield, doesn't seem right to me
53  Economy / Securities / Re: [HAVELOCK] PETAMINE 700 TH/s or 8.68 GH/s per share on: May 16, 2014, 04:32:53 PM
So according to the new prospectus cryptx has order 1000ths from bitfury giving us each 15ghs per unit to be deployed immediately after ipo! Sounds pretty good to me!

Annoyed that I invested in scryptx now though
54  Economy / Securities / Re: [HAVELOCK] PETAMINE 700 TH/s or 8.68 GH/s per share on: May 16, 2014, 04:28:05 PM
AHAAHHA. This is great. So you brought all those shares back, now your going to inflate the price, then resell them back on the market??

You couldn't write this shit..

In the meantime, you do this during the first week of SCRYPT, meaning anyone who moved money across to try out your other project is now at a loss?

Really?!!

I expect the person they bought the shares from was doing so in order to buy up scryptx ipo, plenty of big holders were liquidating in order to participate in the ipo. Divs have yet to be announced for scryptx and I'm sure the share price will go up once it's announced so they may end up even. But I agree it does seem rather ridiculous.
55  Economy / Securities / Re: [HAVELOCK] PETAMINE 700 TH/s or 8.68 GH/s per share on: May 16, 2014, 04:13:28 PM
Here we go, from havelock

Current And Upcoming Public Offerings:

PETA-MINE CryptX (PETA)

2014-05-16   2014-05-19 11:00:00   2014-05-31 11:00:00   10000   10000   10000   ฿0.0950
56  Economy / Securities / Re: [HAVELOCK] PETAMINE 700 TH/s or 8.68 GH/s per share on: May 16, 2014, 04:09:04 PM
I don't see why it would be in cryptx's interest to buy back ~14000 shares from the market and destroy them.  Where did that money come from?

Speculating, was the bitmine contract paid for with shares, and the risk of further delays removed by cancelling the contract and recovering the shares?


We don't know exactly why yet, but I expect the next announcement will clear that up.  However, CryptX did say that the move opened up some new opportunities, so I it sounds like good news to me!

Sounds like one way or another the money came from the reserves sitting waiting to be invested in more hash power.

It will be so that they can hold an IPO, however I don't know why they needed more shares to do that when they already have unsold shares they can use for the IPO. They must be planning a big sale, perhaps they got such a kick out of the scryptx IPO they want to do another one. Perhaps selling overpriced mining rights to share holders is more lucrative than simply hosting Tongue Just kidding I'm sure they have their reasons, but some more transparency would be good so that people like me don't jump to unkind conclusions.
57  Economy / Securities / Re: [HAVELOCK] PETAMINE 700 TH/s or 8.68 GH/s per share on: May 16, 2014, 03:51:24 PM
Share price is rising fast, shame divs are late though.
58  Economy / Securities / Re: [HAVELOCK] PETAMINE 700 TH/s or 8.68 GH/s per share on: May 16, 2014, 02:41:59 PM
The way i read it, cryptx bought some units back, thereby (atleast temporarily) "destroying" the shares, giving everyone 20% more hashrate per unit instantly.

However, some kind of new IPO is planned to receive even more funding for a big production run, which should benefit everyone.
(as they still have the right to ipo shares until 100k shares is reached, but increasing hashrate appropriatly)

Well they do have that right, but we also have the right to 8.68gh/s per share which we don't have.
59  Economy / Securities / Re: [HAVELOCK] PETAMINE 700 TH/s or 8.68 GH/s per share on: May 16, 2014, 09:21:26 AM
An update on the current and future operations of the PETAMINE will be given shortly.

Thank you all for your patience.

Seeing as the one factor that will keep this mine going despite difficulty rises is power efficiency some info on how you factor that in to reinvestment purchases would be good.
60  Economy / Securities / Re: [HAVELOCK] PETAMINE 700 TH/s or 8.68 GH/s per share on: May 15, 2014, 12:20:08 PM
@cryptx
What is the status of the more than 250TH + compensation bitmine still owes us (since at least beginning of April)?

Will that be converted to chips or what is the current plan?

An update on the status of all outstanding orders would be nice
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