Re: [BitFunder] TAT.VIRTUALMINE - IPO at 12PM EST - Early Bidding is Open
I guess you have no idea what the difference between a bond (debt) and a share (equity) are 
It sound like you are borrowing money forever to buy up some other stuff and are willing to pay a dividend from what ever this other stuff earns.
Lets fix this for you:
If this is a perpetual mining bond with a fixed Mh/s , this is superb opportunity for investment if you truly believe that difficulty will drop or stand still after all those ASICS finally hit the market.
In really simple terms: Every time diff crawls up, your Mh/s earns you less than before.
Good luck!
It sound like you are borrowing money forever to buy up some other stuff and are willing to pay a dividend from what ever this other stuff earns.
Lets fix this for you:
TAT.VIRTUALMINE represents perpetual virtual mining bonds at a value of 1MH/s.*
This is asset is being offered for the following purposes:
1. To provide the most affordable and competitive alternative to other mining assets currently available.
2. To provide an easy choice for investors to earn mining rewards without the responsibility and hassle of running personal mining rigs and farms.
Shares Bonds <-- you mean bonds?
Each 1 share of TAT.VIRTUALMINE represents the equivalent of 1MH/s of hashing ability at current mining difficulty at the time period for which each dividend is paid.
Dividends
Each TAT.VIRTUALMINE share has the right to 100% of its respective dividends. The amount of the dividend is defined as the average mining rewards that would have been generated in the previous 24 hours by 1MH /s of hashing power at the previous days mining difficulty at 12PM EST. Dividends will be paid daily and are not subject to any management fees, electricity costs, or miscellaneous expenses.
Initial Public Offering
The initial public offering will be 100,000shares bonds, for a sale price of ฿ 0.007 each. Additional shares bonds may be issued at fair market price at any time, as long as TAT Investments has sufficient backing (see below).
Backing of Bonds
The total amount of bonds issued will always be backed by a quantity 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.
Note: If ASICMINER shares begin to represent a decreasing amount of hashing, or if ASICMINER stops hashing altogether, TAT Investments will stop issuing new bonds until a sufficient alternative backing source can be established.
Reserved Rights
Issuer reserves the following rights:
1. To issue additionalshares bonds as the market demands
2. To buy backshares bonds at any time within the listed parameters
3. To make changes to this contract that represent the best interests of its shareholders
4. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation
Voting Rights
There are no voting rights associated with these bonds.
Buyback Rights
The issuer reserves the right to buy back bonds at a price equal to 110% of the highest price the asset was traded for over the prior 7 days or 200 times the value of the most recent dividend.
Dissolution
In the event that the issuer chooses to, or is forced to, close this asset for any reason, a new operator may be vetted and chosen by ThickAsThieves (TAT Investments) to take over control of the asset, or all bonds will be bought back by the issuer.
Links
Link to buy this asset: https://bitfunder.com/asset/TAT.VIRTUALMINE (Going LIVE at 12PM EST 6/2/13
Issuer Info
TAT Investments is a Tier 5 BitFunder trader, trusted member of the bitcointalk.org forums, and issuer of the popular TAT.ASICMINER assets. Identity information has been provided privately to BitFunder as a gesture of good faith, and an avenue for emergency contact.
A dead mans switch will be implemented in order to pass control of this asset to a safe secondary operator in the case of the issuers untimely demise or hospitalization.
IRC: on Freenode, ThickAsThieves
E-mail: tat.investments -AT- gmail.com
* The formula used:
D is the current difficulty
H is your hash rate in Mhash/s = 1 MH
B is the current block reward in BTC = 25 btc
(H*B/D) * (60*60*24 * 65535 * 10^6 / 2^48)
This is asset is being offered for the following purposes:
1. To provide the most affordable and competitive alternative to other mining assets currently available.
2. To provide an easy choice for investors to earn mining rewards without the responsibility and hassle of running personal mining rigs and farms.
Each 1 share of TAT.VIRTUALMINE represents the equivalent of 1MH/s of hashing ability at current mining difficulty at the time period for which each dividend is paid.
Dividends
Each TAT.VIRTUALMINE share has the right to 100% of its respective dividends. The amount of the dividend is defined as the average mining rewards that would have been generated in the previous 24 hours by 1MH /s of hashing power at the previous days mining difficulty at 12PM EST. Dividends will be paid daily and are not subject to any management fees, electricity costs, or miscellaneous expenses.
Initial Public Offering
The initial public offering will be 100,000
Backing of Bonds
The total amount of bonds issued will always be backed by a quantity 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.
Note: If ASICMINER shares begin to represent a decreasing amount of hashing, or if ASICMINER stops hashing altogether, TAT Investments will stop issuing new bonds until a sufficient alternative backing source can be established.
Reserved Rights
Issuer reserves the following rights:
1. To issue additional
2. To buy back
3. To make changes to this contract that represent the best interests of its shareholders
4. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation
Voting Rights
There are no voting rights associated with these bonds.
Buyback Rights
The issuer reserves the right to buy back bonds at a price equal to 110% of the highest price the asset was traded for over the prior 7 days or 200 times the value of the most recent dividend.
Dissolution
In the event that the issuer chooses to, or is forced to, close this asset for any reason, a new operator may be vetted and chosen by ThickAsThieves (TAT Investments) to take over control of the asset, or all bonds will be bought back by the issuer.
Links
Link to buy this asset: https://bitfunder.com/asset/TAT.VIRTUALMINE (Going LIVE at 12PM EST 6/2/13
Issuer Info
TAT Investments is a Tier 5 BitFunder trader, trusted member of the bitcointalk.org forums, and issuer of the popular TAT.ASICMINER assets. Identity information has been provided privately to BitFunder as a gesture of good faith, and an avenue for emergency contact.
A dead mans switch will be implemented in order to pass control of this asset to a safe secondary operator in the case of the issuers untimely demise or hospitalization.
IRC: on Freenode, ThickAsThieves
E-mail: tat.investments -AT- gmail.com
* The formula used:
D is the current difficulty
H is your hash rate in Mhash/s = 1 MH
B is the current block reward in BTC = 25 btc
(H*B/D) * (60*60*24 * 65535 * 10^6 / 2^48)
If this is a perpetual mining bond with a fixed Mh/s , this is superb opportunity for investment if you truly believe that difficulty will drop or stand still after all those ASICS finally hit the market.
In really simple terms: Every time diff crawls up, your Mh/s earns you less than before.
Good luck!