Post
Topic
Board Securities
Re: [BitFunder] Fenix. Hashing from the ashes of Bakewell.
by
MikeMark
on 06/08/2013, 18:13:16 UTC
Future investments.

I think it makes good sense to place 30% funds not paid as dividends with coinlender. But without locking it in.

And then when we are ready to invest, we should go for a diversified group purchase like the one CoinHoarder is doing.
https://bitcointalk.org/index.php?topic=268280.0

Order from multiple vendors.

Maybe issue new shares to place the orders from multiple vendors. Or maybe just join a group buy already happening where we don't have to raise more funds, but still maintain the growth.

If we have to issue new shares - how would we go about calculating the strike price?

One choice for any new shares would be a completely new issue, probably as a type of bond or loan. Maybe named "Fenix.Grow," offering a flat percentage dividend that begins paying on a specific date, say 1 month from now. The bond (or loan) could be bought back from the growth fund at a flat rate percentage on a specified date.

That satisfies keeping the Fenix asset issue intact, gives Fenix itself working capital, and offers a repayment plan.

That new issue could be placed on any exchange, because it would be separate from the Fenix asset issue.

How's that?   Wink