Low seat value doesn't mean much unless you are trying to liquidate seats.
Hey, I don't know about you but I have a substantial investment in this club, and I don't want to see the seat prices drop. I don't want to see long term prospects hurt either, so we all want the same thing (I think).
It is almost impossible to predict short and mid term movements but I think in that type of environment, debt has the potential to ruin us if we aren't careful.
I actually agree with that but I don't see a 30% debt to equity ratio (both measured in BTC) as being careless at all. It's reflective of the debt being fairly secure as a function of expected future BTC revenues, and also of debt being used to fund purchases of capital equipment, of of which is quite responsible use of debt. Most of the outstanding debt is for equipment that hasn't even been delivered yet.
We want any creditors to be happy and potentially willing to loan again because of our excellent reputation.
I agree with that too. I believe when the next generation of miners starts arriving and the hash rate increases several fold, the debt should start getting repaid at a faster rate, using the current ratio. The current in-service equipment is aging and shouldn't be expected to yield that much. Trying to pay off future generation equipment with proceeeds from obsolescent hardware a bit of trying to get blood from a stone.