When you investing a mining company you should take the management fee factor into consideration. And this Ian charges for 20% of this mining company by receiving free shares. It is too high compared to other mining stocks.
And he placed your BFL orders too late. Investing your mining company will not be profitable.
Disagreed on both counts. Care to try again? 20% is standard for this sort of contract. His bfl orders will still be profitable. He will probably end up waiting less than most of the first guys who ordered.
It is a pretty standard and fair cut, however my investors get a really good deal on my stake imho. Let's look at why:
20,000 shares put aside for a founders stake. ... 2500 of these are going to initial investors who purchase 100 shares or more. This knocks me down to 17,500.
Then the dividends I receive on those 17,500 shares, 50% , are going into a
shareholder protection fund. So initially, I only take 8.75%.
Also, he'll get to choose the best ASIC product based on actual performance, not promises.
This is correct
*Reserve the option of purchasing equivalent ASIC technology from a BFL competitor should that become a better option for us
