Post
Topic
Board Securities
Re: [GLBSE] NASTY - No Operator Costs, Free Electricity, Free ASIC Upgrade!
by
kuzetsa
on 03/10/2012, 20:44:12 UTC
Wasn't my imagination. The math REALLY DOESN'T add up. The operating costs are being paid out of pocket currently.
From what I understood, there is no company pocket, only OgNasty's pocket.

We have "Ownership of Mining Equipment", not of any pocket.

lol indeed.

I was just quoting ognasty, and as such "out of pocket" wasn't my own wording.

Ideally it is true, though sometimes it's not that simple, and someone uses their own "out of pocket" funding to settle things in lieu of a more formalized and structured approach where the numbers all add up and the budget is truely self-sustaining... It's the kind of thing a lot of small businesses and start-ups do / quite common for one or more ranking officers or founding members to put their own money in.



@OGNasty:

Thanks for telling me what was going on / I really appreciate knowing now that this is (currently) the case for electricity and other operating costs. Sorry for posting a quote of you saying as much without asking first. I just figure other people would appreciate knowing what was going on with our operating costs at this stage.

Please don't silently do stuff like this. While I appreciate your initially using your own money to pay for the electricity budget, it still looks awfully suspicious when the business plan is vague in such areas.

(nobody here wants to see another impossible business model suddenly falling apart because it was all smoke and mirrors, or underhanded undisclosed shady dealings or other types of mysterious activity lol this is nothing like that. probably... I'd rather not let my imagination run too far though, or I really might say something paranoid)