Post
Topic
Board Securities
Re: [GLBSE] NASTY - No Operator Costs, Free Electricity, Free ASIC Upgrade!
by
Bastone
on 30/09/2012, 08:37:17 UTC
So your saying you own all those unsold shares?  I thought the shareholders owned this company and the equipment?  Apparently they only own 7k and you own 18k?

As stated, I control them.  I do not own them.  Due to controlling them on behalf of the shareholder, I have an incentive to make sure they are valued highly and distributed in a way that maximizes shareholder value.  

So all the funds from the sale of the 18k remaining shares will be used to purchase equipment or pay dividends to the shareholders, since they aren't your shares?  You won't pocket the proceeds from the sale of the remaining shares?  (Since you've met your 20Mh/s per share obligation)

If this is true, why don't you change the OP to state that 100% of the hashing power of the gear will be returned to the shareholders with no 20Mh/s per share cap, and to state that all IPO funds will be used to buy mining equipment.