Quote from: amazingrando on July 29, 2012, 05:20:44 PM

Lots of news!

General Announcements
* Payouts for this week have been paid
* Last week 37,000 bonds were sold bringing the total hashrate sold to 176,276 Mh/s
* No BITBONDs will be issued beyond 100,000 bonds (200 Gh/s)
* The final 11,862 are available to large investors (200 btc and above)
* The 110% PPS special rate has ended as a part of the recent sale of bonds. BITBONDs will return to their 105% PPS rate for the foreseeable future

BITBOND ASIC Upgrade Program Announcement
A while back I put in an ASIC order with BFL. Today I am announcing my plans for the BITBOND ASIC upgrade. I have shared the plan with large investors already and would like to have your feedback as well.

Here are the broad strokes. When the ASICs arrive, BITBONDs will be converted to BITBOND.ASIC. BITBOND.ASIC will be a 100% PPS bond and act just as BITBOND does today, except at a higher hash rate courtesy of the ASICs. All bondholders at the time of the conversion will receive a free upgrade. Bondholders have the option of a paid upgrade as well, as outlined below.

* Free: 2M/s BITBOND converts to 12.5Mh/s BITBOND.ASIC for free
* Small upgrade: 2M/s BITBOND converts to 45Mh/s BITBOND.ASIC for 0.25 btc
* Large upgrade: 2M/s BITBOND converts to 450Mh/s BITBOND.ASIC for 5.5 btc

Quote

The bond will continue perpetually. The bond issues reserves the right purchase back coupons at 110% of the 15 day average trading price on GLBSE.

Since BITBOND will not be continued in perpetually (or will it stay around alongside BITBOND.ASIC?) will those that don't switch be purchased back at 110% of the 15 day average trading price?