Hi!
We have now finalized the deal with HashFast.
The impact on the public investors is as follows:
1. The third batch does not need to be sold for the IPO to be deemed a success. This is due to that HashFast has changed the minimum amount of capital we need to bring them. Instead the more of batch three we sell the larger amount of Hashing power we can acquire. Please note that each share will still have the same initial hashing power (10 Mhash) independent on the amount we manage to raise in batch three.
2, There is a price change which will be absorbed by the private investors. Once we know how many shares we have sold and hence the hashing power the farm will have, the private vs public share ratio will be released. Please note that it will be under or equal to the current 60/40. (Please note that this is the same as for the discounts for the bulk purchases, as we maintain the hashing power per share of the public shares we will have to issue less private shares to pay for these discounts)
3, The amount of shares sold will be floating, with a maximum of 36.636 Million shares and a minimum of the current 17 million. The percent ownership of the profits will be adjusted so that each share is worth the capacity of 10 mhash at startup, please note that this percentage can only go up and not down. Hence it can not go below the current 1/50,000,000.
We think that these changes should not affect the attractiveness of the public shares and we have tried to keep the promises made as much as possible. In the cases where we could not we have tried to make it a neutral or positive change for the public investors.
//DeaDTerra