Quote from: stochastic on February 22, 2013, 08:57:28 AM

Is is still that only 1 person has received a shipment from Avalon?

Yes. Before we send them any money the second batch will have shipped and in turn we will be able to more accurately verify that they have a working product

In other news, both motions passed, so the contract is changing from:

Cognitive Mining (asset id COGNITIVE) was created with the intent to give investors the opportunity to participate in FPGA Bitcoin mining without purchasing their own hardware. 100% of mining revenue will be distributed proportionally among shareholders. One share of the asset gives you one share of the revenue. Operating costs will be paid for by shares held by the operator of the asset. Each share represents a share in the ownership of the hardware. Motions to sell more shares can be raised by shareholders if 25% agree. 70% of shareholders will need to agree to issue the proposed shares. In the event of liquidation, all revenue will be distributed evenly to shareholders. The operator reserves the rights, regardless of the amount of shares owned, to raise a motion, and sell all hardware. Dividends will be paid weekly. Further information can be found at http://cognitivemining.com/

To:

Cognitive Mining (asset id COGNITIVE) was created with the intent to give investors the opportunity to participate in FPGA Bitcoin mining without purchasing their own hardware. 50% of mining revenue will be distributed proportionally among shareholders as dividends, and 50% of mining revenue will be added to our growth fund, which will be used for investing in additional mining hardware. One share of the asset gives you one share of this revenue. Operating costs will be paid for by shares held by the operator of the asset. Each share represents a share in the ownership of the hardware. Motions to sell more shares can be raised by shareholders if 25% agree. To pass any motion, 51% of a minimum 60% quorum must vote "yes" for the motion. Motions will be raised for a minimum of two weeks. In the event of liquidation, all revenue will be distributed evenly to shareholders. The operator reserves the rights, regardless of the amount of shares owned, to raise a motion, and sell all hardware. Dividends will be paid weekly. Further information can be found at http://cognitivemining.com/