The thing that irks me is the surprise of it all. Shares are down and we finally get a good month, and this announcement is a bit of a kick in the nuts.
Why not do it gradually, take 10% everytime we get a good month?
Shouldn't take long due to the great abilities of the management and superb skills of the IT staff we are paying for, right?
Right?
Well the thing about suprises is that there is no way for me to announce something without it being a surprise upon announcement, no? How can I convey new information to the community without it being the first time they've heard it? I'm trying to give people a heads up, and make the announcement 2-3 weeks before the end of the month.
Again, it could be done gradually... I'm just the "rip the bandaid off quickly" type of person. Really, this has been a massive free loan to SD shareholders. I'd like to end the loan because it's been bothering me since BTC went up 10x, so solving the issue with one month of earnings seems ideal. Again, 87% of those dividends would've been going to me and my partner anyway, so I won't be getting dividends this month either.
Lots of questions.
I'm not an expert, but isn't failing to disclose a giant liability like that tantamount to fraud? I'm probably confused, was it made clear during the IPO? I can't seem to find anything in the PDFs.
What was to stop us from considering the reserve pool an asset of the company all along (was it formed with pre-public profits from SDICE? Is considering it a loan a new idea?) Is your spite for shareholders going to continue to grow, and one day you'll decide to collect interest on this loan?