Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast)

We've collected 24400 BTC from public share sales in total. The 1150 BTC difference between the 25550 and 24400 represents the discounts for the block sales we did (sold at less than 0.0014). Those shares have been transferred to their respective owners on bitfunder. 4400BTC is in our possession (hasn't vanished) and will be used for deployment.

This seems very unfair. It's called an "IPO - Initial Public Offering." IceDrill sold shares for less than 0.0014 in private without notification to the public on block sales. Now, shareholders who bought shares based on public information will feel screwed over.

yeah pre ipo sale is scam

just sell shares at 50% value to a friend, open an ipo
tell friend right moment to sell them and get 50% profit

(or more)

I fail to see how this would count as a scam. First of all, the fact that there were private investors was known and not hidden at the start of this offer. Secondly, the private shares are not the same as the public ones - the private shareholders don't receive any profit until the public shareholders will have received 0.0016 BTC per share. In other words, the public investors will get much more hash power than they have paid for, until they will have received full ROI. After that period, they will still get the hashing power they paid for. The situation couldn't be much better for public investors.

Disclaimer - I own (public) shares

In your reasoning you assume that mining will remain profitable for a long enough time that 0.0016 btc will actually be paid as dividends. It is absolutely not clear whether any of the companies starting now will ever be profitable. And in that case the only way to make a profit is to sell your shares cheaper than you bought them.