Post
Topic
Board Securities
Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast)
by
pichadpi
on 11/10/2013, 18:26:27 UTC
Also, is it possible to get a baby jet for 40,000 shares?

Unless Hashfast would be able guarantee a batch 1 delivery, 40,000 shares for a batch 2 baby jet is far too much. Further still, if you remove all the individuals with fewer than 120,000 shares, the average shareholder has only ~6,500 shares. That still leaves a very large majority of people without much of a reasonable option at this point.

However, I might be interested in seeing if a group buy, organized, price negotiated and paid by IceDrill to Hashfast for Nov. batch 2 Baby Jets. The current going price for a BJet out of b2 is $2,760 -or- about 22BTC -or- nearly 16,000 shares. I think that may still be too high for a lot of shareholders, but with a large b2 order, IceDrill should be able to negotiate a better price. I think it would be ideal to try to get units to holders for as little as 10,000 shares. This equates to approximately $1,750 at current BTC price for a BJet -or- ~$4.38 per GH (HF's current b2 price is $6.90/Gh). This gives shareholders with at least 10,000 shares a good option and the benefit of the appreciated value on the coin they spent at the beginning of the IPO offering. Obviously, whether or not Hashfast would be willing to go that low is uncertain. Those with less than the 10,000 shares may then be better served with a buyback option at .0014-.0015 per share, or a shared hardware hosting contract - don't really see an easy way to handle the smaller hands in this IPO beyond that.

There is unlikely to be a wonderful solution for everyone given the mess it has become. -and I place no blame upon IceDrill for it.