BTI has invested more than 2000BTC in chips/components purchasing, mining board manufacturing, R&D, etc. BTI plans to raise at least 2000BTC to expand MYMINER projects scale. If the IPO raises no less than 2000BTC, then the IPO is success. After the IPO raises more than 4000BTC, BTI can stop issuing MYMINER shares at any time.
I'm not sure if i missed this in your initial post. This point raised some questions for me and apparently, if we can trust those translators, for the chinese guy too.
Lets say you raise the needed 2000 BTC for the IPO to be a success, and afterwards the IPO share buys decrease drasticly.
What's the timeframe/deadline for issuing shares at IPO price? At what point you'll be starting to pay off the projects investments, given IPO went well with >2000BTC raised?
Will newly issued shares increase in price at the point of IPO success (2000BTC)?
looking on a grilled cat,
camu6
We have raised more than 1500 BTCs in 2 days in this IPO. We are considering to close this IPO in one month at the end of August. The IPO price is always 0.015BTC before we stop it.
We expect to receive two batches of avalon chips in August and manufacture BTC miners as soon as we receive them. After that we'll deliver BTC miners to our Chinese customers and deploy our mining farm.
And then the dividend payment starts.