The third batch is of 12,000,000 (12 million) shares and will be sold at the price of 0.0016 BTC per share. These shares have to be sold by the 4th of November (00:00:00 UTC, 4 November 2013) for the IPO to be deemed a success. At the opening of the mine, this equates to a price of 0.16 BTC per Gh.s.
Is this price set in stonei.e., why risk buying in August if the price cannot appreciate over 0.0016 before November 4th?
The issuer has the right to release more shares at any time and for any price (the 20,000,000 shares not sold at the IPO).
Does this clause apply only
after 4th November?