Quote from: SebastianJu on March 26, 2013, 03:55:46 AM

Quote from: gmouse on March 26, 2013, 03:52:11 AM

I am not savvy about how IPOs generally work, but it seems to me that some % of the company is basically without ownership. If each share presently in the hands of public shareholders represents 1/400000 of the company, as do the primary shareholders, where does the ~46K of unsold shares reside? I am accustomed to an IPO having underwriters, so unsold share are the obligation of the underwriter to purchase. But this is obviously not the case here, given the unorthodox market in which we traded.

So, did those unsold shares disappear? Do we the scale up the existent shares, or are they now the property of the primary shareholders, effectively giving them their 200K share plus the 46K unsold IPO shares? Or are there really only about 354K share total?

Im not a pro either but all 400000 shares were owned by bitfountain from the start. They sold 145000 or so and the remaining shares are still theirs.

My understanding was that 200`000 shares belong to Bitfountain, 200`000 to ASICMINER company. ASICMINER sold some of the shares in thr IPO to raise capital. It is not clear at all what the fate of unsold shares is, nor what the fate of their dividends is.