Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
matauc12
on 09/02/2013, 01:15:15 UTC
Might as well hold off on issuing the rest of the shares till more funds are needed for expansion? I'm assuming the entire batch of chips/materials ordered were already funded - so any additional funding would not be in the best interest of ASICMINER Shareholders?
It has been confirmed that there is currently no plan to issue them....

And the "option" the reissue them has no effect on ownership or dividends since its 1/400000 either way. The only reason to sell them would be for quick capital.
Still, the important question is: what is the fate of profits belonging to the unsold shares? This does have effect on my shares - Bitfountain simply scooping these profits is different from these profits being accumulated and used to maintain ASICMINER's competitive advantage through re-investment, upgrades, and covering operating costs.
obviously, but that wasn't part of my quoted message.

Since it was agreed upon by us that it was split 1/400000, there is not much to argue about here, but IMO, those unsold shares should be a direct fund for operation cost. Which, I believe is fair to all shareholders, as opposed to some alternatives.