Am I to understand that equipment will not be purchased until all 50K public shares are sold? I just want to make sure I understand this clearly.
If this is true, you may have to re-think your strategy. I can not afford to have BTC invested in an asset that is not producing current dividends. I'm sure many other investors think the same way.
Yes.
I simply believe this to be the best plan of action.
This is an investment, and while I understand that in the current marketplace other options providing immediate reward exist, they do so at some costs:
High Risk. No Equity. Low Growth.
To take dividends now, or to wait, would depend on your personal finances and goals.
I do believe you will see large capital appreciation even in the absence of dividends, as we are selling for .15 per right now, an asset that will be 20mhash/s post asic.
A quick comparison of GIGAMINING (currently the most active mining asset on the glbse) shows them trading @ .83 for 5mhash now with an option to pay .25 for an upgrade to 20mhash/s post asic.
you can buy BAKEWELL right now for .15 and have 20mhash/sec post asic.
You would need to hold GIGAMINING and save the dividends they paid for 65 weeks+ to equal the expected gains on BAKEWELL based on current market prices.
If you, "can not afford to have BTC invested in an asset that is not producing current dividends" I would suggest taking a look at the overall picture.
I am also providing liquidity for those who absolutely need out, via a bidwall @ .125 , so ipo investors, while recieving a small penalty for pulling out, are not "locked in"
https://glbse.com/asset/view/BAKEWELL
