Backing of BondsThe total amount of bonds issued will always be backed by a qauntity of ASICMINER shares that represent an amount of hashing power that is equivalent to TAT.VIRTUALMINEs total simulated hashing power, as determined by
http://www.asicminercharts.com/live/ or the most recent hashrate as verified by ASICMINER staff.
The ASICMINER shares backing this are unencumbered ones, correct? i.e. this isn't being backed by the same shares that are backing your pass-throughs?
That is correct, there will be no double-representation. All of my ASICMINER/G.ASIC/AM-PT/ASICM/TAT.AM holdings are verifiable, including my public BTCTC portfolio, my Friedcat address, and my BitFunder address (which is the same as mine with Friedcat).
I assumed that would be the case - just wanted it made explicit.