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Board Securities
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
Sou
on 27/11/2013, 23:04:00 UTC
Nice that you are keeping this table up to date 4justice

A couple of quick points-

1) Up to 5.5 months there is no extra '15Mill shares div effec' so the first 5.5 months will probably see the highest share prices that we ever will for ACtM. Once the 0.0025 has been paid out share price will obviously dip to reflect reduced divs.

2) You have kept the reinvest percentage at 50 - but it is likely to fall. Our costs are in FIAT so if BTC doubles we would only need 25% of mined BTC instead of 50% to keep the reinvest fund at the same level (in USD terms). So If BTC goes to 3k by end of February we would only need a third as much BTC to keep the reinvest fund on course. So the time to full 0.0025 div payout per share should be less than 5.5months as a result.

btw at what level of USD/BTC did Ken think 50% was the necessary reinvest percentage? BTC has almost doubled since then hasn't it (?) so perhaps the 50% figure is even now too high? At 50% we will be spending 1.577Mill USD in month 3 on the reinvest fund if BTC stays at 1k. If BTC is at 3k by then, that figure will be 4.731Mill USD.




Now this is a question we can ask Ken; is the dividend reinvestment dynamically pegged to USD, or will it remain 50%.

But the more we put in the more we get back. With BTC on the rise our second batch has the potential to be far greater than the first - if we do keep reinvestment at 50% we can continue the snow ball effect. I feel this might be a crucial time to carve out some territory of the network, and i don't think that can be accomplished with a timid reinvestment strategy.