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Author Topic: Now seeking investors for BitCorp Mining Company [Now pushing 40 GH/s!]  (Read 15945 times)
sadpandatech
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May 04, 2012, 12:23:50 AM
 #141

Final numbers are in, and they did not change:

Production:  451.39
Expenses:    300.00 (should be last month of excessive expenses)
Free BTC:    151.39


GOOD NEWS!

We are now listed on GLBSE, and I we can transfer current shareholders to that platform if they desire.  Head on over and open an account, then get in touch with us with your username so we can transfer the assets. 

Ticker symbol is:  BTCMC

Glad to see you guys are still going strong with this. And now that you are on GLBSE I intend to purchase some shares in your company.

Cheers

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
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yochdog
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May 09, 2012, 05:31:01 PM
 #142

Final numbers are in, and they did not change:

Production:  451.39
Expenses:    300.00 (should be last month of excessive expenses)
Free BTC:    151.39


GOOD NEWS!

We are now listed on GLBSE, and I we can transfer current shareholders to that platform if they desire.  Head on over and open an account, then get in touch with us with your username so we can transfer the assets. 

Ticker symbol is:  BTCMC

Glad to see you guys are still going strong with this. And now that you are on GLBSE I intend to purchase some shares in your company.

Cheers

Thanks buddy!  Good to hear. 

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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May 09, 2012, 06:46:55 PM
 #143

Why these huge share prices and not issuing more shares to increase liquidity?! Also you pay out these 0.125 BTC/month which would equal ~6 MH/s PPS per share. You claim to have 23.5 GH/s for 200 shares though - that would mean ~117 MH/s per share(!). Where does the income for the ~110 MH/s per share go?

Also I'd love to buy some shares, but if possible from the company itself, not just someone looking for a quick profit.

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yochdog
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May 09, 2012, 07:50:00 PM
 #144

Why these huge share prices and not issuing more shares to increase liquidity?! Also you pay out these 0.125 BTC/month which would equal ~6 MH/s PPS per share. You claim to have 23.5 GH/s for 200 shares though - that would mean ~117 MH/s per share(!). Where does the income for the ~110 MH/s per share go?

Also I'd love to buy some shares, but if possible from the company itself, not just someone looking for a quick profit.

Well, being students of finance by trade, we believe that the underlying fundamentals matter, not share count.  We are considering a share split because so many people seem to care about price, despite meaning nothing in terms of return on investment. 

The excess production has been funding aggressive expansion for the last several months.  We have gone from 18,000 MH/s to nearly 30,000 MH/s.  That takes some serious money, hence the low payout.  Now that our build-out is nearly complete, more of the production is free for dividends.  This is why we plan on aggressively increasing the payout in the next 30-60 days. 

Make sense? 

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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May 24, 2012, 07:32:07 PM
 #145

Quick update for investors and interested parties:

First off, we are absolutely crushing it during May.  Our speed has surpassed even my wildest expectations, and we are closing in on 33,000 MH/s.  Clearly this puts us on track for a record month in terms of production. 

Second, in light of the huge jump in mining speed, we are going to increase the dividend payment to .15 BTC per share, per month.  This makes for an annual dividend of 1.8 BTC, or a current annual yield of 22.5%!  The best part is we still have plenty of room to grow that number. 

Third, we have only had one investor convert their shares over to GLBSE.  Bitcorp has issued all 1,000 shares on the GLBSE platform and is holding the shares purchased before our IPO in trust.  We would very much like to have all shareholders contact us and make arrangements to claim their holdings on GLBSE.  It will make it much easier for us to pay dividends and make a market in the stock. 

FINALLY, we are debating doing a 10 for 1 stock split.  Many potential buyers have voiced skepticism at our high share price, and cite that as a barrier to investment.  We think it is in everyones best interest to facilitate a liquid market for the shares, and a lower price with more shares outstanding might just do that.  The founders of Bitcorp have voting control of the company, but still would like input from our shareholders before making a final decision.  Please give us any thoughts you might have!

Thanks all.....and one last thing:   VERY exciting news will follow in the next couple weeks.....Big things to come. 


I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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May 25, 2012, 02:22:25 AM
 #146

Re. the stock split, I would be stoked if you go ahead with that.


Re. having shares on GLBSE, I find their "captcha" intolerable. Can sometimes go 50 attempts without success in logging on. And customer service is nil - there was no response to my e-mails about the captcha
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May 25, 2012, 02:24:01 AM
 #147

Re. having shares on GLBSE, I find their "captcha" intolerable. Can sometimes go 50 attempts without success in logging on. And customer service is nil - there was no response to my e-mails about the captcha
I haven't had issues with it, but some have mentioned that you may need to wait a few seconds after entering it before clicking the button to continue. No idea why.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
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May 30, 2012, 08:30:36 PM
 #148

Re. having shares on GLBSE, I find their "captcha" intolerable. Can sometimes go 50 attempts without success in logging on. And customer service is nil - there was no response to my e-mails about the captcha
I haven't had issues with it, but some have mentioned that you may need to wait a few seconds after entering it before clicking the button to continue. No idea why.

After some serious thought, we have decided to go ahead with out 10 for 1 stock split. 

All current shareholders are un-affected, they will merely be issued additional shares to make their new total 10X their initial share count. 

Dividend per share will now be .015 BTC per share.  Thus, if you own 10 chares currently, you are earning 1.5 BTC per month at our increased dividend rate.  You will earn the same 1.5 BTC on your 100 shares after the split. 

Let us know if you have any questions.  Split will be effective as of June 1. 


I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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May 31, 2012, 03:49:20 AM
 #149

UPDATE ON JAN 24th  We are making initial preparations for public listing on GLBSE!  Our ticker symbol is BMC (Bitcorp Mining Company).

I can't find your company :/

SHit, I need to correct that.  Our ticker is BTCMC....short for Bitcorp Mining Company.

Thanks for the catch!

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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May 31, 2012, 09:44:57 PM
 #150

UPDATE

We have a good idea of what our May production will be, and all I can say is "wow". 

We are going to have gross proceeds of nearly 600 BTC, absolutely smashing our expectations.  We will get final numbers in the next week or so.

The stock split will occur tonight, and dividends will also be going out later today. 

If you have any concerns, please let us know. 

And PLEASE start trading on GLBSE.....we need to get some volume going.  Symbol is BTCMC. 

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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May 31, 2012, 10:01:39 PM
 #151

Dividends have been paid for May.

the rate was .015 BTC per share (formerly .15 BTC, prior to stock split) 


I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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June 01, 2012, 06:20:35 AM
 #152

Dividends have been paid for May.

the rate was .015 BTC per share (formerly .15 BTC, prior to stock split) 


How does this share split work for us on GLBSE? Should I send you my shares and you send 10x back or how does this work?
//DeaDTerra
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June 01, 2012, 01:19:44 PM
 #153

Dividends have been paid for May.

the rate was .015 BTC per share (formerly .15 BTC, prior to stock split) 


How does this share split work for us on GLBSE? Should I send you my shares and you send 10x back or how does this work?
//DeaDTerra

DeadTerra, I already transferred your newly issued shared to your account.....you should have the exact same ownership percentage as you did before.  Simply take your new total divided by 10,000 for verification.

Thanks! 

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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June 01, 2012, 02:34:27 PM
 #154

Dividends have been paid for May.

the rate was .015 BTC per share (formerly .15 BTC, prior to stock split) 


How does this share split work for us on GLBSE? Should I send you my shares and you send 10x back or how does this work?
//DeaDTerra

DeadTerra, I already transferred your newly issued shared to your account.....you should have the exact same ownership percentage as you did before.  Simply take your new total divided by 10,000 for verification.

Thanks! 
Okay thank you very much for the smooth and fast procedure Smiley
//DeaDTerra
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June 04, 2012, 12:02:00 AM
 #155

Attention all current shareholders:


If you could, please setup an account on GLBSE and then ask us to transfer your shares over.  Going forward, it is going to be very cumbersome to pay dividends on GLBSE as well as to holders not holding their shares there.

Basically, we would have to pay every holder twice.....once on GLBSE, then transfer the dividend again to your individual addresses for the shares held in trust.  

You can either PM us with your GLBSE account name, or e-mail us at Bitcorpmining@gmail.com


EDIT:  Front page has been updated with current financials, expansion plans, as well as info on our NEW location. 

May financials will be posted soon.



I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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July 12, 2012, 08:02:26 PM
 #156

Yay hello!

I am one of the original investors...

What happened to my shares? (And how I figure to where I sent my dividends???)

Also, anyone know how to ressurect my GLBSE account? (I used the very first version of GLBSE when you had lots of keys and signing and whatnot)

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July 13, 2012, 06:14:36 PM
 #157

Yay hello!

I am one of the original investors...

What happened to my shares? (And how I figure to where I sent my dividends???)

Also, anyone know how to ressurect my GLBSE account? (I used the very first version of GLBSE when you had lots of keys and signing and whatnot)

This was resolved through PM.....just fyi

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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July 13, 2012, 06:31:54 PM
 #158

Indeed it was!

Except the GLBSE part... (I made a new account, my old one I am failing to recover, need Nefario to return)

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July 15, 2012, 11:37:31 PM
 #159

Yochdog:

Just in case GLBSE were to ever go offline or be otherwise out of commission for whatever reason, do you maintain a constantly updated list of the beneficial owners of BTCMC shares so that you could continue to distribute dividends?

With the high mortality of bitcoin enterprises (bitcoinca,Tradehii, etc.) I hope that you have a pre-emptive backup plan for the security of your shreholders. No matter how secure BTCMC itself is, the GLBSE platform potentially has hacker or other vulnerabilities.
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July 16, 2012, 04:24:59 AM
 #160

Yochdog:

Just in case GLBSE were to ever go offline or be otherwise out of commission for whatever reason, do you maintain a constantly updated list of the beneficial owners of BTCMC shares so that you could continue to distribute dividends?

With the high mortality of bitcoin enterprises (bitcoinca,Tradehii, etc.) I hope that you have a pre-emptive backup plan for the security of your shreholders. No matter how secure BTCMC itself is, the GLBSE platform potentially has hacker or other vulnerabilities.

Unfortunately at this point I do not.  When I administered the share ownership on my own, I obviously mantained such information.  With trading now taking place between 3rd parties without my involvement, I have no right to that information. 

I am willing to ask Nefario to provide it, but I am doubtful he would oblidge out of privacy concerns. 

I understand your concern, and obviously it is a weakness at the moment. 

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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