Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
bumbo
on 29/03/2013, 02:45:22 UTC
Clarification of Unsold Shares
Now ASICMINER controls 163,962/400,000 of the whole identity, while Bitfountain controls 236,038/400,000.

I was under the impression that 50% of all profits were to be distributed to the investors and the other half to the Bitfountain founders. Now it's become roughly 41% for investors and 59% for BF because you stopped selling shares early. Did the original contract allow for this?

What if ASICMINER had been fully funded after only 50k shares were sold instead of after 164k, because of a sudden rise in BTC price? Then we'd have 50k/400k = 12.5% share for investors and 350,000/400,000 = 87.5% share for Bitfountain now?

Doesn't look like a fair solution to me. To get back to a 50/50 ratio for investors and founders, as it was originally announced, you'd have to subtract the 36k unallocated shares from the 200k Bitfountain shares instead of adding them. No?