But that's not an option:
Introduction
ASICMINER is a virtual identity totally held by investors of the Bitfountain company. The Bitfountain company's business includes mining with self-built ASIC devices, as well as the sales of them. Currently ASICMINER shareholders holds 163,962 shares, while Bitfountain shareholders holds 236,038 shares. ASICMINER shares have the privilege of getting all net profits till 0.1BTC/share from the day when dividends began to be paid. They also have the exemption of dilution, which means that each ASICMINER share always equals to 1/400,000 of the total profits and voting power of the summed value from both ASICMINER and Bitfountain.
Meh... True... unless you hold the purse-strings, and decide to say "Fuck it.. I'm only paying myself.." or new shareholders brought onboard.
Why dilute when you can just erase?
(Opens excel spreadsheet, highlights shareholder bitcoin addy entries... presses delete.. Presses Save.")
(Open - New File..> Now offering 1/3 of our new company to new investors.... Bitfountain's shares stay intact/transferred..)
Done.
Bitfountain already owns approximately 60% of the company. They don't have to dilute or erase current shareholders to sell 1/3 of the company:
No Future Dilution Each share of ASICMINER always
represents 1/400,000 of the whole company. If we have to attract more investors
in the future, we will only sell our own Bitfountain shares.