Don't you think the conversion to monsterbyte is a little on the low side? Money has been tied up in CBTC for YEARS, and now it is moving across at 25% of what we initially invested. That means monsterbyte is going to have to go 4X IPO to just break even not too mention the cost of the money tied up for years.
Seems to me it should be moved across at a better rate, especially if IPO doesn't sell out.
Seems to me it should be moved across at a better rate, especially if IPO doesn't sell out.
11 cents a unit is unfavorable (at 1:1 conversion)
Can you explain the math a bit more, I might be overlooking something you are seeing there... Exactly, you are using the USD price which makes zero sense on a BTC investment. You have just chopped the amount of BTC I have down by 75%. No one is using USD as the investment base for this.