Quote from: zx9r on February 27, 2013, 11:53:02 PM

Quote from: ZIGGAP on February 27, 2013, 11:43:42 PM

There was a mistake in numbers.

10m + 5m = 15m have been released to the public.

Another 22.5m (+15m = 32.5m) will be released to the public at a later date.

2.5m will be maintained by ZigGap for for for growth and maintenance purposes.

The remaining 15m is retained by employees as salaries.

I see another mistake here: 22.5m + 15m = 37.5m (not 32.5m as you say)

So, not remaining 15m as salaries but only 10m

Also I didnt see before nothing about being retained 10m shares as salaries (is this first news ?)

There was a math mistake on my part. I was talking with Aethero on IRC and he copied and pasted that.

Should be 17.5 more will be released. And it would be 15m shares, not 10m as salary.

Basically, the agreement should be that 32.5m of 50m would be sold off to bring in funds needed to grow and expand the company.
Another 2.5m would be held by the company to continue expansion as long as it's needed.
The remaining 15m are paid out as salaries. "No salaries will be paid as an expense, and are only paid as dividend payments."

The 15m shares are salary compensation by the company for prior investments/work/time put into the company, as well as covering all future salaries needed to operate the company. That is how I understand it is supposed to work.

With the 17.5m being delayed, my understanding is that any profits maintained by those shares will be held by the company and used for growth and maintenance until they are sold. I believe that those funds will be treated the same as for the 2.5m shares, in which should they not be needed, will be dispersed among the remaining shares.