Quote from: Epoch on July 16, 2013, 02:23:57 PM

Quote from: Vbs on July 16, 2013, 11:29:12 AM

Quote from: Epoch on July 16, 2013, 05:38:28 AM

If you no longer want to deal with BFLS/BFLS.RIG then buy out the shareholders, as per the original terms:

BFLS: $600/200 shares is $3.00 per share.
BFLS.RIG: $15295/6058 shares is $2.52 per share.

The really big problem is that the asic upgrade is not factored there. If Josh doesn't want to deal with this further, the best way would be to liquidate everything after the conversion to asics, by auctioning them. This would guarantee a correct book value for the shares, based on the current value of asic hardware.

Yes, I agree with that. Existing BFLS and BFLS.RIG shares would be converted to 'ASIC' shares using formulas found earlier in this thread, meaning that additional shares would be created and assigned to Josh. The ASIC (and remaining FPGA) equipment would be auctioned off with the proceeds distributed according to how many shares are held.

I have stated numerous times that I would prefer to continue as a shareholder here, but I respect the terms of the original contract which states that should the operator be unable or unwilling to continue, the assets would be liquidated and the proceeds disbursed. If that is what Josh decides to do, it is his decision to make.

+1 for preferring to continue as a shareholder. That being said, if a liquidation is forthcoming, I think an auction would be the best way to go about doing so.