Post
Topic
Board Securities
Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast)
by
Stuartuk
on 13/08/2013, 23:59:57 UTC
We'll sell whatever we can, up to a maximum of the 7 million shares, and this will go directly toward the mine's final capacity.

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.

With the best of intentions I can't resolve these two statements.

So there are currently sold and on sale a total of 17Mill?
But this latest wall of 7Mill if sold will/could/may be replaced by another wall of upto 19.636Mill shares?

If that is correct what are you precise conditions for the creation and sale of more shares above the current 17Mill? And in what size batches will these new shares be offed and more importantly at what price/minimum price?

I really struggle to see a way of coming up with a buying strategy that protects my initial investment based on these very loose proposals that could see the number of shares increase by over 100% at any unforeseen time in the future.