Quote from: Exocyst on August 06, 2013, 10:09:52 PM

Quote from: DeaDTerra on August 06, 2013, 09:33:02 PM

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?

Quote from: DeaDTerra on August 06, 2013, 09:33:02 PM

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?

As stated in the contract the prices and amounts given are estimates and can change.
The price can appreciate more in the case of where we manage to sell all the assets.

If you are afraid of the rest of the 20 Million shares being dumped that will not happen as if we can't raise the necessary amount, we will have to deem the IPO a failure and return the money to the investors. Hence it is in everyone's interest to sell enough of the batches to fund the project.
//DeaDTerra