Otoh, i also have a large amount of shares, and want to know how to proceed. I cannot pay the current BTC required for upgrade and its just a silly amount.

I bought 900 shares pre-IPO and have stuck with James for over a year now. He needs to be competing with ASICMINER and others, i am not really willing to stump up even 10's of BTC for an upgrade when as you say our coin paid for the hardware in the first place. We should be getting profit, not worrying about getting our coin from the upgrade fee back within the tiny duration of the initial outlined TERAMINING contract.

I do hope he comes through and gives a really competitive free upgrade option. I also think 1 year should be minimum for the contract length, and upto 2 years if he is asking for more money.

Occulta