[GLBSE] MergedMining BTC/NMC Mining Company

[ianspain]

subscribed, I would be interested in investing, could you send me more info???

[OgNasty]

subscribed, I would be interested in investing, could you send me more info???

PM sent.

UPDATE: Prepaid electricity for December.

[OgNasty]

A dividend of 3 BTC has been paid.

[OgNasty]

It's also worth mentioning that we currently have 369.43073107 NMC.

[ianspain]

thanks for the message I will get back to you next week, would it be possible to organise a quick skype conference?

[OgNasty]

I've started converting our NMC to BTC. You can see the amount of NMC that have been converted to BTC in the current holdings at the beginning of this thread. These BTC will be held as our long term savings.

[OgNasty]

how many mega/ghash now ?

[slush]

I decided to try GLBSE and learn how that stuff works. Congratulation for your mining operation, I'm now proud owner of 34 shares :-).

[OgNasty]

I decided to try GLBSE and learn how that stuff works. Congratulation for your mining operation, I'm now proud owner of 34 shares :-).

Excellent. One more reason why I'm glad to be mining with your pool.

[OgNasty]

A dividend of 4 BTC has been paid.

[OgNasty]

I'm late, but: Thanks. Keep up the good work!

You're welcome.

[OgNasty]

A dividend of 4 BTC has been paid.

[OgNasty]

6 btc next week !!

We aren't profitable enough to go that high yet, but I am looking into adding more capacity.

[slush]

Hm, I read a post about issuing some new shares for buying new card here few days ago, right? Or it was another thread? Anyway, all shares are sold already, are you going to add second card?

[OgNasty]

Hm, I read a post about issuing some new shares for buying new card here few days ago, right? Or it was another thread? Anyway, all shares are sold already, are you going to add second card?

More hardware is on the way.  Hopefully by this weekend you see our rig hashing away at around 1.7gh/s.

[OgNasty]

how much shares remain to be sold ?

how much money in glbse now from shares sold ?

Unfortunately, it looks like I cashed out our BTC a little early but it was still a great offering. We currently have over $200, around 10BTC & a 5830 on the way. About 1/2 of the issued shares are still remaining to be sold and we haven't run into any major problems.

[qxzn]

How are the issued shares being sold? Are they just sitting on the order book at GLBSE? At what price?

[OgNasty]

How are the issued shares being sold? Are they just sitting on the order book at GLBSE? At what price?

Issued shares are being sold on the GLBSE or held by the company. The company is currently not listing any shares for sale as the previous listing of 500 shares at 0.14BTC has been sold.

[weex]

OgNasty,

First I'd like to thank you for the opportunity to participate in this mining enterprise. I do think qxzn has a good question as clarity about how you might issue future shares will give investors more confidence in the endeavor.

Other questions: When the 10000 shares run out will you issue more? Do you have plans to buy back shares at some point? How do you price the shares you are selling? Are there any stock issuance policies beyond what is listed in the asset contract?

Thanks,

weex

[OgNasty]

First I'd like to thank you for the opportunity to participate in this mining enterprise.

You're welcome.

When the 10000 shares run out will you issue more?

Probably not.  I want to keep this operation fairly small.  I think that's probably the best way to reduce shareholder risk.  

Do you have plans to buy back shares at some point?

I would definitely like to buy back shares at some point and will do so if I feel it is in our shareholder's best interests.

How do you price the shares you are selling?

I try to value the company's assets/earnings and price the shares at a level I feel is fair.  I'm hoping that someone will eventually create a system to list the market cap and dividend % of listings on the GLBSE to help shareholders make independent decisions regarding their investments.

Are there any stock issuance policies beyond what is listed in the asset contract?

No.