I've noticed small changes in the the total dividends paid, increase from 5.466 through 5.5 to 5.66
does that mean that the number of publicly traded shares has risen to 5660 or do you pay any fees
at glbse? thanks
I hesitate to say the number of publicly traded shares has increased because the issued shares count has not changed. However, the number of shares owned by individual investors has risen due to the company selling off shares to raise funds. If you take a look at the original post, you can see that MergedMining has raised 50 BTC over the last few weeks for future equipment purchases. This trend may continue in the short term, but once more equipment is purchased and in place, I plan to start aggressively buying back shares.
Thanks, makes sense to me. I'm here mostly for the learning experience and thus ask a lot of questions.
Seems one can always guess the number of public shares by looking at last dividends paid. I've noticed the capital raised but I did not thought about where it came from.
I was not sure if a company can buy shares back. I can understand why the operator/management would buy shares but only as a private person (aka shareholder) and the concept of company buying back public shares is kind of new.
edit: i'm curious because there are almost 50% of the shares held by the company (read not issued) thus knowing when they are released to public might (not necessary) help raise capital