I am opening a new offering, basically mirroring the BFLS product. It is for the MiniRigs & SC ASIC offering.
IPO will begin tomorrow:
6058 shares will be allocated and sold per Minirig, initially 2 rigs worth of shares will be allocated, and 6058 shares can be traded in for the physical Minirig hardware. 15% of the shares will be kept for maintenance and operation costs.
Once the details of the ASIC unit orders are publicly available, available shares will double and be put up for sale. At that point, it will require 6058 x 2 = 12116 shares to convert your BFLS.RIG shares into the physical hardware (Mini-Rig or SC).
Dividends on RIG will be paid out the same way BFLS is currently paid, on a weekly basis and the amount will be what the unit(s) generate that week. Obviously, no dividends on RIG will be paid until the hardware is in actual operation.
RIG shares purchased are for a share of the unit, not to help fund the purchase of a unit, since the units have already been paid for. Funds will be reinvested into further ASIC orders, which means the ASIC units will be "pre-purchased" already, and you will be buying into already purchased ASIC units with your BFLS.RIG shares, not funding the purchase of ASIC units. This is an important distinction, since it means you'll start generating revenue much faster than a unit you would be "funding" the purchase of.
Ticker symbol is BFLS.RIG
On one hand you're right (I'll edit the OP), in June he mentions that 2 minirigs will be put aside. Then he mentions that the number of shares will somehow double, but now he's being ambiguous about the number of chips being kept ["The number that will be in the "first batch" is kind of up in the air at the moment"], which leads me believe he's going to keep whatever he feels he can get away with to size down his FPGA mining operation.