btt

[FloatesMcgoates]

There is no way the seller of the minirig is going to sit on over a thousand shares, I have a bad feeling that this new major shareholder might go on a selling spree or at least undercut current asks by a significant amount

[AngelSky]

There is no way the seller of the minirig is going to sit on over a thousand shares, I have a bad feeling that this new major shareholder might go on a selling spree or at least undercut current asks by a significant amount

I share your concern, but let's be realistic. If you owned a minirig, why would you sell it ? Because you got the ROI. Sure he wants to make money with this transaction but it would be against his interest to crash the share price. I think it's a win-win investment for basic-mining and the seller.

Patrick

[FloatesMcgoates]

There is no way the seller of the minirig is going to sit on over a thousand shares, I have a bad feeling that this new major shareholder might go on a selling spree or at least undercut current asks by a significant amount

I share your concern, but let's be realistic. If you owned a minirig, why would you sell it ? Because you got the ROI. Sure he wants to make money with this transaction but it would be against his interest to crash the share price. I think it's a win-win investment for basic-mining and the seller.

Patrick

I doubt he will crash the price, but there will probably be a few significant walls being put up at least.

[AngelSky]

I doubt he will crash the price, but there will probably be a few significant walls being put up at least.

I think you're right on that point, time will tell. But even if we get some walls, I don't know if this is a bad thing or not. If you want to make money fast and sell at the highest price, you may be disapointed (maybe not), but if you look further, I think the share price will be more stable and more attractive for people who wants to invest in a growing business.

[davos]

The whole order book does not support 1300 shares.

I'd be inclined to think he's more interested in investing in the company.

[Carnth]

Fun and lucrative...shouldn't you be getting close to an on-paper fiat millionaire?

Well, if anyone really wants to know (and because it will embarrass creativex, plus I can get away with it because he's traveling right now) here are the numbers in his local fiat (USD):

10000 shares * BTC0.71393 (24hr avg share prices) * ~$92 (24hr avg Gox) = $661,838.80

This number does not include any dividends that holding 20% of the virtual stock would give him.

I'd say he's done a great job for less than a year's work.

In before he comes back with 3 minig rigs, 7 avalons and 5 singles

LOL 

[carnitastaco]

Fun and lucrative...shouldn't you be getting close to an on-paper fiat millionaire?

Well, if anyone really wants to know (and because it will embarrass creativex, plus I can get away with it because he's traveling right now) here are the numbers in his local fiat (USD):

10000 shares * BTC0.71393 (24hr avg share prices) * ~$92 (24hr avg Gox) = $661,838.80

This number does not include any dividends that holding 20% of the virtual stock would give him.

I'd say he's done a great job for less than a year's work.

In before he comes back with 3 minig rigs, 7 avalons and 5 singles

LOL 

Yeah, I did some quick math @.8/share and $100/coin, then 325 more shares incoming and creatives holdings should have thrown off ~27 BTC in divs since inception.  Might seem hard to calculate based on changing # of shares and the split, but its just

Sum for all days of (each daily div amount*total # of shares outstanding that day*.2).

He is paying for all electricity/circuits/AC and all that which is probably starting to get significant, but ONE MILLION DOLLARS is a fun number to toss around

[carnitastaco]

There is no way the seller of the minirig is going to sit on over a thousand shares, I have a bad feeling that this new major shareholder might go on a selling spree or at least undercut current asks by a significant amount

Dude is instantly gonna be one of the biggest holders of Basic.  Even if he has no interest in staying in it long term, he has even less interest in cratering the price, for purely selfish reasons

[djjacket]

There is no way the seller of the minirig is going to sit on over a thousand shares, I have a bad feeling that this new major shareholder might go on a selling spree or at least undercut current asks by a significant amount

Looks like someone may want to crash the price down a little a buy some more?    me too!

[freedomno1]

Basics a steady eddie so it might get some investors from the S.Dice legions to offset haha

[wiak2]

Guess the sale has been made.  Now seeing 51625 outstanding shares on btct.   Good work creativex, and thanks for making the road trip to secure the rig!

[lunarboy]

Double dividends heading to a place near you soon !   

[AngelSky]

 

[damiano]

75 bid wall 

[yimfinity]

that is a bid/ask hillarious spread

[damiano]

that wall was legit, someone just sold into it!

[wiak2]

Orderbook is strangely static so far.  I think it'll take off once we get some pics of the new rig. 

[yimfinity]

strange that the BM and COG share prices are almost the same and not much volume in either. obviously the # shares outstanding and mkt caps are quite different. just a musing on this slow trading day...

[djjacket]

Lots of coins going into AMC today.

They are close to the NRE and when they get it, they will remove the buy wall at .0025.

Might be why BM has not realized much action.  Once the work is put out ona btct announcement we may see some additional action.

[wiak2]

Couple big walls put up, this might start things.