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May 05, 2013, 04:02:58 AM |
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I would like to BUY ASICMiner PUT contracts, 5000 shares(Board seat).
Strike price: 1.15 BTC/share Price: Negotiable, suggest 7%. Length: 6-9 months, negotiable.
Here's how this works, subject to negotiation. We'll sign a contract for the shares of ASICMiner. At any point during the duration of the contract, I have the option of exercising the contract, and sell ASICMiner shares to you for 1.15 BTC each.
What you get: A significant number of ASICMiner shares or BTC, delivered immediately. The BTC needed to complete the contract will be held in escrow, preferably with John K if he is ok with this.
If during the contract, ASICMiner is worth equal or more than the strike price(I.e., if I choose not to exercise the option), you get the BTC back, and you keep the btc/shares that you got up front, which should be significant.
If during the contract ASICMiner is worth less than the strike price(i.e., if I choose TO exercise the option), you get my AM shares and I get the BTC. You still get to keep the btc/shares that you get up front.
I can prove ownership of the shares.
I would prefer to close this deal with a single participant, but I expect finding someone with that much BTC (5750 BTC) to sell me the contract is unlikely, so I can break it up. No less than 500 shares though, to keep this manageable for the escrow.
Who would take this deal? Someone who thinks ASICMiner will rise a bit or stay where it is over the duration of the contract. Why am I doing this deal? Because I have a pretty major proportion of my total investments in Asicminer, and I need to balance out this risk to stay sane. I believe in Asicminer, and as a board member I have strong evidence that the company is working on a very strong long term plan, in addition to their internal goals of 50%+ reinvestment of dividends. The most recent purchases by Friedcat (200TH/s on order, 10,000 USB miners on order, long term contracts for hundreds more TH/s) are indicative of these long term goals & planning.
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