[GLBSE] Bitcorp Mining Company - BTCMC 60+ GH/s, clear ASIC upgrade path.

[yochdog]

nt

[1713597448]

1713597448

[yochdog]

nt

[yochdog]

nt

[JWU42]

@yochdog...

Seems people are still looking at the GLBSE contract and that shows a monthly div of .125 BTC per share.

We are stuck in the problem of GLBSE not allowing a contract change.

Correct me if I am wrong but you are NOT paying a flat coupon, correct?

How often are you paying dividends (coupons now if 100% PPS bond)?

[TonTon]

Just witnessed someone buying all the remaining bonds for 0.8-0.85. Next offer at 1.2 

[yochdog]

Just witnessed someone buying all the remaining bonds for 0.8-0.85. Next offer at 1.2 

Wow, I see that.

Pretty impressive price jump from where they were trading.  It does not really surprise me though.....when you do the math, it is one hell of a deal even at 1.0 BTC per share. 

[TonTon]

With the bond offering 4MH/s and the average price per 1MH/s on the market of 25-30, the price should be around 1.0-1.2. 0.80 was a bargain

[yochdog]

With the bond offering 4MH/s and the average price per 1MH/s on the market of 25-30, the price should be around 1.0-1.2. 0.80 was a bargain

ahhh, but you are forgetting we will be at 50 GH/s soon.....and half of the share price is cash and equipment. 

[JWU42]

@ yochdog,

Going to answer the questions above by chance?

[yochdog]

@ yochdog,

Going to answer the questions above by chance?

SHit, did not even notice them....will respond now.....

[yochdog]

@yochdog...

Seems people are still looking at the GLBSE contract and that shows a monthly div of .125 BTC per share.

We are stuck in the problem of GLBSE not allowing a contract change.

Correct me if I am wrong but you are NOT paying a flat coupon, correct?

How often are you paying dividends (coupons now if 100% PPS bond)?

Indeed, I am trying to clear up the confusion.  Not being able to change the contract is annoying to say the least....or at least not being able to add information. 

It currently is set at .015 per share per month, and will increase as earnings do.  We started at .01, raised it to .0125, and raised it again last month to .015. 

We pay dividends on the first of every month.....so the next payment will be July 1.  Dividends to this point were not paid through GLBSE due to our initial investors all being pre-IPO.  From July 1st forward dividends will be paid through GLBSE. 

Hope that helps. 

[JWU42]

OK - so you are paying a defined coupon for now and NOT 100% PPS like the other bonds.

The talk about PPS in the OP threw me for a loop.

Thanks!

[yochdog]

OK - so you are paying a defined coupon for now and NOT 100% PPS like the other bonds.

The talk about PPS in the OP threw me for a loop.

Thanks!

Exactly.......the plan is to move to a 100% passthrough in 60-90 days.  It will not be completely a PPS, as there will be some expenses for electricity.  However, all net income will be paid out to shareholders. 

[yochdog]

Began moving into our newest location over the weekend......got an additional 8 GH/s installed so far.  Running some stability tests, and it will be up and down for a few days until we can dial it all in. 

We are quite pleased with the space thusfar, and think it will be a great long-term solution to our expansion contraints. 

[DiabloD3]

When is next dividend?

[yochdog]

When is next dividend?

The dividends are paid on the first of each month.  So, the next payment will be July 1st. 

Up until now the dividends were paid to the angel investors directly, and not through GLBSE.  The July 1st dividend will be the first to be paid through the GLBSE platform. 

thanks!

[DiabloD3]

When is next dividend?

The dividends are paid on the first of each month.  So, the next payment will be July 1st. 

Up until now the dividends were paid to the angel investors directly, and not through GLBSE.  The July 1st dividend will be the first to be paid through the GLBSE platform. 

thanks!

When are you going to verify on GLBSE, also, why aren't you in #bitcoin-assets on Freenode?

[yochdog]

When is next dividend?

The dividends are paid on the first of each month.  So, the next payment will be July 1st. 

Up until now the dividends were paid to the angel investors directly, and not through GLBSE.  The July 1st dividend will be the first to be paid through the GLBSE platform. 

thanks!

When are you going to verify on GLBSE, also, why aren't you in #bitcoin-assets on Freenode?

I sent my DL picture and address info to GLBSE.....nothing ever came of it.  I should pobably follow up.....I have just been busy.

[yochdog]

With the bond offering 4MH/s and the average price per 1MH/s on the market of 25-30, the price should be around 1.0-1.2. 0.80 was a bargain

Back to your bargain price!  GET ON IT!!   

[yochdog]

Attention all shareholders:

Recent upgrades to the new Datacenter have increased our speed to 48 GH/s.  In the next 10 days we will easily exceed 50 GH/s, and have a good shot at 60. 

At the current price, BTCMC shares offer the best value of any mining company on GLBSE.