Jutarul
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Activity: 994
Merit: 1000
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March 27, 2013, 03:33:27 AM |
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friedcat may want to clearly make a statement on how he wants to implement this (200k:165k or 200k:200k with delayed dividend), before he prepares the next dividend payments and signs off the financial statements.
If this is in fact the position of the company, awesome. It is good to finally have clarification on that point. Obviously I can't speak for the founders, since I am only an investor myself. Furthermore the original contract is a bit fuzzy on that point, to say the least. But merging unsold shares with the ownership of the founders after the fact would be rather unconventional. Usually any fund raising or IPO is undertaken by third parties (e.g. underwriters), which also commit to eating the stock if the offering is undersubscribed. Now one could argue that the IPO was not undersubscribed but closed early (due to meeting the USD target, not the bitcoin target), which changes the dynamic. It's a legal mess, but given that the company was heavily undervalued in hindsight should ease the pain. Nevertheless, bitfountain has to decide how they want to handle the issue. Putting the unsold shares on neutral ground (i.e. make it retained earnings dividend) would be the diplomatic solution.
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toffoo
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March 27, 2013, 03:49:06 AM |
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Nevertheless, bitfountain has to decide how they want to handle the issue.
Here's some background reading on this topic that may be helpful: http://en.wikipedia.org/wiki/Treasury_stockbecause the same sort of thing happens to real-world companies.
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alpet
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Activity: 1912
Merit: 1020
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March 27, 2013, 04:24:37 AM |
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How I see price of share floating around $56.
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🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
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Activity: 1316
Merit: 1043
👻
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March 27, 2013, 04:32:34 AM |
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How I see price of share floating around $56.
The price of the shares shouldn't really be impacted by BTCUSD. While there are operational costs in USD, they are pretty negligible right now. ASICMINER mines bitcoins, not USD.
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Rodyland
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March 27, 2013, 04:58:21 AM |
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I should have posted this here earlier. https://bitcointalk.org/index.php?topic=159194.0As someone who's interested in ASICMINER, can someone in here help by answering some questions please?
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Beware the weak hands! 1NcL6Mjm4qeiYYi2rpoCtQopPrH4PyKfUC GPG ID: E3AA41E3
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scrybe
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March 27, 2013, 01:13:39 PM |
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How I see price of share floating around $56.
The price of the shares shouldn't really be impacted by BTCUSD. While there are operational costs in USD, they are pretty negligible right now. ASICMINER mines bitcoins, not USD. RMB/Yuan, not USD I agree it still should not matter for the most part, but it will impact ongoing expenses and capital costs at least in a minor way (and it SHOULD be in OUR favor, since the fiat is on the expense side, not the income side.)
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"...as simple as possible, but no simpler" -AE BTC/TRC/FRC: 1ScrybeSNcjqgpPeYNgvdxANArqoC6i5u Ripple:rf9gutfmGB8CH39W2PCeRbLWMKRauYyVfx LTC:LadmiD6tXq7gFZvMibhFUZegUHKXgbu1Gb
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talnted
Full Member
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Activity: 236
Merit: 100
www.bitcoingem.com
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March 27, 2013, 01:52:31 PM |
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How I see price of share floating around $56.
The price of the shares shouldn't really be impacted by BTCUSD. While there are operational costs in USD, they are pretty negligible right now. ASICMINER mines bitcoins, not USD. RMB/Yuan, not USD I agree it still should not matter for the most part, but it will impact ongoing expenses and capital costs at least in a minor way (and it SHOULD be in OUR favor, since the fiat is on the expense side, not the income side.) Thats exactly right.
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Over 800+ BTC Paid Out! 1110+ Buyers of the Gem!
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Franktank
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March 27, 2013, 03:41:43 PM |
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Confirmation Satoshis! First week of normal divys!
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ghostshirt
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March 27, 2013, 03:42:01 PM |
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Another round of dividends?
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ThickAsThieves
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March 27, 2013, 03:42:30 PM |
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Another round of dividends?
Every Wednesday.
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John (John K.)
Global Troll-buster and
Legendary
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Activity: 1288
Merit: 1227
Away on an extended break
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March 27, 2013, 03:47:47 PM |
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Got my satoshis in. How much do you guys expect to be paid out per share this round?
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talnted
Full Member
Offline
Activity: 236
Merit: 100
www.bitcoingem.com
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March 27, 2013, 03:48:38 PM |
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Got my satoshis as well, im curious to see what this dividend is
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Over 800+ BTC Paid Out! 1110+ Buyers of the Gem!
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ThickAsThieves
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March 27, 2013, 03:49:19 PM |
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Got my satoshis as well, im curious to see what this dividend is
My bet is .0095
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Tachikoma
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March 27, 2013, 03:49:54 PM |
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Well the dividend should be halved and halved again since we already got dividend on sunday. So less then normal.
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Glasswalker
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March 27, 2013, 03:51:28 PM |
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This one will likely be smaller than usual because of the partial payout at double rate earlier this week to finish payout of "initial investment" for IPO. But I'd expect about 0.013 to 0.015BTC for next weeks, maybe more depending on how much of the 6THash they have up and running by then (friedcat's last update said 50THash by end of April, beginning mid-april, and leading up to that getting the other 6THash online) This weeks will likely be half that maybe? but we'll see I'll throw my guess at 0.007 BTC approx.
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John (John K.)
Global Troll-buster and
Legendary
Offline
Activity: 1288
Merit: 1227
Away on an extended break
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March 27, 2013, 03:53:02 PM |
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Hopefully something substantial comes my way - it's my first ever divs after all.
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DeaDTerra
Donator
Legendary
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Activity: 1064
Merit: 1000
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March 27, 2013, 03:54:05 PM |
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I got a dividend of 0.003775 BTC per share //DeaDTerra
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ThickAsThieves
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March 27, 2013, 03:54:26 PM |
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Hopefully something substantial comes my way - it's my first ever divs after all. That's sad considering you were doing escrow for so many cheaper shares weeks ago
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ghostshirt
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March 27, 2013, 03:54:41 PM |
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I've just received 0.003775 per share.
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John (John K.)
Global Troll-buster and
Legendary
Offline
Activity: 1288
Merit: 1227
Away on an extended break
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March 27, 2013, 03:55:41 PM |
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Hopefully something substantial comes my way - it's my first ever divs after all. That's sad considering you were doing escrow for so many cheaper shares weeks ago I did escrow for AM shares since the sub 0.3 prices if I remember correctly. Didn't have the time to read over and invest that time...
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