Placing ASIC preorders with our money (and dividends) is outrageous.
And now he has the idea to create BITBOND.ASIC which is TOTALLY owned by Investors, because we (the Investor) paid for the new hardware.
This. You should have paid our dividends first before even thinking about ASICs. The scam continues...
I explained the logic and believe the math is sound. Buying ASICs will produce the highest return for bondholders over the remainder of the bond term.
However, as I am soliciting feedback on the plan forward, let me ask a question. There are simply not enough money to repay the back payments plus future payments. In fact there is not enough for all back payments, but it is close. Through Feb 2, 2012 total back payments to the minority bondholders is 772.79 btc. At $20.14 that is $15,563.99. Would you, the minority shareholders, rather have the back payments and no future payments - essentially be bought out for the price of your back payments, or have the mining income I have outlined through 2014? I know that there are people who wanted an Avalon ASIC in batch 2 and would be willing to buy my orders.