Hope you're ready for some questions.
1. "Cheap" electricity? Numbers, please.
2. BFL has a hugely backed-up waiting list. It could take multiple months for the hardware to arrive. Thoughts/plans?
3. According to what I see on your website (quoting for reference)
If equipment maintenance expenses are less than 10%: 10% will be kept for electricity and administration fees. [...] 40% of generated bitcoins that are kept aside will be kept for: repairs of broken mining equipment if possible and interesting costs-wise, replacement of broken equipment and purchase of new equipment.
50% cut from profits? This seems excessive. The 10% for electricity and administration is fine, but 40% for replacement? IMHO that's way off the mark. You mention that could also be used for purchasing more equipment, but you don't elaborate. Who decides when/what?
4. You state that you're planning to verify your ID. Do you have any references here on the forums (people you've dealt/worked with before)?
No ill intent, I just like information.
Thanks for your time!