Quote from: DeaDTerra on September 08, 2012, 04:30:59 PM

Quote from: tmfp143 on September 08, 2012, 04:20:41 PM

Hello!
I manage the BLUECHIP mutual fund on GLBSE. The fund owns 40 shares of GIGAMINING. What is the plan to stem the drastic loss that the share price is taking? I recommend buying back shares. I pray that the plan is not to let the share price keep dropping until it reaches 0. Are there any updates on the ASIC upgrade?

If the price of my stock were dropping this fast, I would be more proactive. I would give my investors more frequent updates to build confidence. I am kind of stuck at the moment. I don't want to dump the shares at a loss, but the lack of information makes it hard to make a decision. I recommend addressing this issue, and doing something to restore investor confidence, if possible. I read the earlier comments about not being willing to discuss personal finances. In my opinion, the bottom line is this: if your company is on the verge of failing, there can be no items that are not up for discussion unless you want the enterprise to fail. If GIGAMINING truly is a venerable enterprise (which I thought it was, that's why I invested in it) then DO SOMETHING. SAY SOMETHING. Don't just sit there and let it drop to zero. Angry

It seems like you have not done your reading home work.
Gigamining is not a company it's a bond

GigaVPS has no obligation to control the price nor do anything about the price falling, this is natural due to the increase in difficulty.
//DeaDTerra

Hi tmfp143,

DeaDTerra is correct that gigamining is a bond and not a share in a company. EskimoBob is also correct in his assessment that mining bonds are long difficulty and short on BTC price appreciation.

As for you request for me to intervene in the free market setting the price of Gigamining, there is not much I would be able to do.

I will faithfully continue to fulfill the terms of the contract.

Best,
gigavps