Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on [BTC-TC]
Great!
Also, for our next round of COG.F I am thinking we stick with the same contract, and just change the inital price per contract for 20 shares from 2.5 to 10 btc each. This effectively prices the contracts at BTC0.5 per share.
Our last round of COG.F sold at BTC2.5 per contract for 20 shares and is now trading at BTC12 each! I hope to see the same kind of turnaround for our COG.F holders this time around
The security will be called COG.F2 and is already pending admin approval then will be up for voting on BTC-TC, but will not become active until the motion passes, of course!
I do believe a split will help liquidity on the market. I believe a 1:2 split would be more beneficial for Cognitive, on the basis that we would still have the integrity of being around BTC0.5 per share. If there are no objections I'll raise a motion for a 1:2 split
If you're seriously considering a stock split and favour a btc 0.5/share price for current shares and possibly the cog.f2 shares, a 1:2 split may not be enough. The shares are around 0.8-0.9 at the moment and if they split 1:2 the price will be around 0.4-0.45, then say things go quite well and the price jumps like it did with basic-mining, we're right back to this price point in no time at all.Also, for our next round of COG.F I am thinking we stick with the same contract, and just change the inital price per contract for 20 shares from 2.5 to 10 btc each. This effectively prices the contracts at BTC0.5 per share.
Our last round of COG.F sold at BTC2.5 per contract for 20 shares and is now trading at BTC12 each! I hope to see the same kind of turnaround for our COG.F holders this time around
The security will be called COG.F2 and is already pending admin approval then will be up for voting on BTC-TC, but will not become active until the motion passes, of course!
why not 1:10 split??
I do believe a split will help liquidity on the market. I believe a 1:2 split would be more beneficial for Cognitive, on the basis that we would still have the integrity of being around BTC0.5 per share. If there are no objections I'll raise a motion for a 1:2 split
i personally think if we are going to split might as well do at least 1/5 if not 1/10.
we don't want to have to do a split right after a split.
^ This ^