Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
muyuu
on 12/03/2015, 11:43:57 UTC
Best case scenario: they get investors with fresh money, giving them a priority deal - diluting current shareholder's stake worse than 1:1 on new capital.

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.


LOL you can believe that. AMHash itself is proof that they will stretch those definitions. Maybe they will "create" a joint venture with the IP so that other parties can invest and benefit from the IP same as it happened with the hashing. The reality is that if there's no capital to keep the ball rolling they will do whatever either openly or via technicisms or just secretly.