Ninjastic
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Re: Why are people cheering that ASICMINER will bring 800-1000TH online this year?
by
bitfair
on 01/07/2013, 02:51:47 UTC
Quote from: dogie on July 01, 2013, 02:48:48 AM
Quote from: bitfair on July 01, 2013, 02:37:54 AM
Quote from: dogie on July 01, 2013, 02:24:07 AM
Yes, he issued 200k shares to the public, kept 200k shares for himself. He has since sold another 40k shares into the wild which generated him pure cash.

Yes, he and the other founders kept 200k shares as "sweat equity" and that was clearly stated in their contract. What difference does that make? And I don't believe he has sold another 40k shares, but then again, what difference does that make? There has been no dilution - the total number of shares has always been 400k.
Look at the link I gave you http://www.asicminer.co/about.html
163,962 are now owned by AM. So a further 36,038 were sold into the market to generate cash.

You are reading it wrong. 163,962 ASICMINER shares were sold to the public during the IPO approximately one year ago, and 236,038 shares are held by the founders (a.k.a. Bitfountain). As far as I know, these numbers have not changed since the IPO was complete.