Backing of BondsThe 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.
Can you explain what you mean by "backed by ... ASICMINER shares"? Does this mean that TAT.VM holds shares of ASICMINER, and these shares belong to bond holders? Or, does it just mean that TAT.VM promises to hold a certain number of shares of ASICMINER as assurance that TAT.VM dividends will be paid?
Also, does "ASICMINER shares that represent an amount of hashing power" mean average hashing power per ASICMINER share? For example, the current ASICMINER hashing power is about 20 Th/s, or about 50 Mh/s/share, so each TAT.VM share would be backed by 1/50th of an ASICMINER share, right?
Finally, in addition to mining, a portion of ASICMINER dividends is based on the profits from sales of hardware. What happens to this portion of the dividends?