Quote from: davecoin on March 20, 2013, 04:02:45 PM

Garrett, are you still considering an Avalon purchase after reading today's news?

Thanks,
Dave

Hi Dave,

I haven't seen any formal confirmation from Avalon regarding the price adjustment for the Avalon ($5000 USD). If I'm missing something please send me a link!

I believe that, at the $5000 price point, an Avalon would still be worth it if we didn't expect BFL to ship a significant sum of ASICs for another few months.

Keeping this in mind, our decision will be based on the coming updates from BFL, and what the actual price for the Avalon comes down to.

Currently we have 28btc in Cognitive's growth fund (and we will have over 30 after the dividend Saturday), and 50BTC raised via COG.F. At the current exchange rate of $60 this gets us almost all the way to the $5000 we need. I'd be happy to spot Cognitive whatever remaining funds we need (~$200). So we will have the funds to purchase an Avalon if it does end up costing $5000.

So shareholders, what are your opinions regarding this? I see the three options being purchasing the Avalon, purchasing more from BFL, or waiting it out.

Best,
Garrett