Post
Topic
Board Securities
Re: [BTC-TC] Red Star Mining - 180(GH/s)
by
matthewh3
on 16/07/2013, 13:16:23 UTC
All right: to summarize my current understanding: Huh

roughly:

New shares created = more than double current amount

New hash rate = x4 current rate

New shares held without dividends until release

New shares releases when new equipment comes online and hashrate increases
(Oct-Nov depending on final upgrade plan)

Did I miss anything?






claimer:
I have pledged!




Current shares ~63,000 new shares ~67,000.  New shares for the KNC Saturn and Jupiter could be released as early as September if they ship on time.

Ordering anything from BFL seems like the worst idea ever.

The £1,600 investor doesn't want his money on KNC as they don't have chips plus we have a 25% BFL discount.

I'm still getting a lot of questions of old early investors who are worried their stock is being diluted and that our growth reinvestment fund is enough.  I've tried to explain we still aren't even hashing so the potential growth reinvestment fund just of their pre-ordered equipment is shrinking every day.

Are all the current pledgers apart from the £1,600 investor OK with their pledges going on a KNC Jupiter.