Ninjastic
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Board Securities
Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on [BTC-TC]
by
davos
on 11/04/2013, 13:18:16 UTC
Quote from: Garr255 on April 11, 2013, 03:30:24 AM
Quote from: davos on April 10, 2013, 01:17:23 PM
Quote from: gog1 on April 09, 2013, 09:56:00 PM
will COG.F be converted to cognitive shares upon delivery of the 7 BFL singles or is it some other conditions?

My understanding (garrett can correct this) is that COG.F will remain a separate fund until the funds have been spent and until the equipment purchased with those funds is hashing.

That is correct. The 7 SC Singles are unrelated to COG.F.

Davos, the intent of COG.F was to provide investors incentive to make substantial investments, while maintaining a competitive price. A split would defeat those purposes (or at least one of them).

I believe when the Bitcoin exchange rate stabilizes a bit, the cognitive price will rise as well. Because after all we're generating roughly the same amount of btc regardless what the exchange rate is Smiley Also when BFL delivers I believe Cognitive price will rise.

Best,
Garrett

I think I'm glad to hear it Re: no-split. The only concern I have is that when the IPO was issued it was a very nice discount against the main-fund shares (even including the potential hit from the dilution), but at the moment there's almost zero liquidity in the fund shares and the discount doesn't really exist.

I hold a fair bit of COG.F (relative to the 31 shares sold so far) and balance future purchases against the main-issue price and ASICMINER. ASICMINER has a lot of future hashing power already priced in (although I think it's still cheap), whereas it seems to me that COGNITIVE is being discounted heavily, perhaps based on the lack of certainty in the BFL timeline.