This is why people offer shares in increments, instead of all at once. That's how you reward early investors.
For example, first 50k shares 0.3
second 50k shares 0.32
3rd 50k shares 0.35
etc...
I had considered doing something like this, however I believe it would end up horribly slowing the company down in the later rounds.
5000 @ .13 - sold easily enough
5000 @ .14 - there are 5000 shares on the market others could sell @ up to .1399 and still profit - if they chose to do so, I must wait.
5000 @ .15 - wait longer
5000 @ .16 - etc
5000 @ .17 - etc
If I only offer to sell the ipo shares at a fixed price, the majority of the initial shares sales and project funding is coming straight to me.
I do not need to worry about someone who bought into the first tranche competing with me on the sales in the next tranche to make the .01, slowing our funding round down.
I think receiving 10% extra shares for free is a pretty damn good deal, don't you?
I do!
Hopefully things will start moving along. Today I will finish up the new contract and update the op / get it off to the GLBSE
Just want to clarify the plan of action and have it setup so that with the funds from the first 25k shares sold, we are enabled to roll out the gpu rigs as funding becomes available.
Going to edit that "out clause" so that winding down the company = pure liquidation of hardware with proceeds distributed as a final dividend. Remove that buyout option.
Lurkers - please chime in while I am in edit mode here. Let's work together to create the best offer out there so we can build the strongest mining company
https://glbse.com/asset/view/BAKEWELL
