the way pricing went on these it let us know what the market demand was as far as pricing goes. Then the shares were going to be offered at a rate that was consistant. Since btc move like they have been we are going to offer the shares at the price that would be consistant with what they have averaged for us based on the US Dollar value of the holdings. We had planned on going through the March payout to give us basically 3 months of market to find that price.
The market CAN'T "find a price" when you don't define what it is that they're supposedly paying for. Nowhere do you say what value of assets you have backing each unit. And unless the funds raised match the value of assets then the act of selling CHANGES the assets backing each unit (increasing it if you sell for more than your NAV/U and decreasing it if you sell for less).
Riddle me this:
If exchange-rate is $10/BTC and you sell shares for 1 BTC and use that 1 BTC to buy $10 worth of shares.
Then exchange-rate changes to $20/BTC and your shares pay $1 in dividends to you.
How much profit have you made?
You're acting as though you made ANY profit. But if you leave the share price the same in BTC then you MUST measure profit/loss in BTC - and you actually made 0.45 BTC loss (Value of investments dropped from 1 BTC to 0.5 BTC and you got back 0.05 BTC in dividends).
I just hope this is a scam - that way at least you'll probably give back 1/3 of what you raise as dividends to attract more 'investment'. If it's not a scam then investors are likely going to be much worse off: as all new investment is not only subsidising earlier investment but doing so at a less favourable exchange-rate meaning they likely lose 3/4 of investment the instant they click the buy button. And thats at your discount rates - god help anyone dumb enough to pay 1 BTC for shares when earlier investors paid a fraction of that at a worse exchange-rate.