furuknap: they made statement that no more than 200000 shares will be sold. so there is just one real source of money for everything - mining. and it's hard to make any statement how many % they will use when BTC price is unstable.
I would like to see more information too, but I don't see why I would deserve it.
You deserve it because you are effectively lending them your money based on the promise that they will be able to repay it at some point or that you can sell your debt on an open market. If you or other investors have little information on how to evaluate the risk of that debt, then essentially it introduces more risk to you.
As for fluctuating BTC prices, again, that's impossible to predict because we have no idea how their debt is denominated. Do they pay employees in BTC or USD? Do they have exchange contracts to protect against fluctuating prices? Do they sell off a portion BTC each week and maintain a balance in RMB to pay for running costs denominated in local currency? The latter would be great in a falling market as is the case now, but not so great in a rising market, which has been the case in April.
No financials, no answers, huge risk.
.b