Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
All 10mill shares get divs no matter what people pay for them and we can only take 106btc from these assets - no more. Its not so hard to understand.
If Ken sold them at 0.01 we would still only make 106 btc from them.
nav there are no rules Ken can offer them to the market at any price - what rules??
So you're telling me if someone had bought up all 230k shares at .01, Ken would have sent the excess BTC back to Ukyo?If Ken sold them at 0.01 we would still only make 106 btc from them.
nav there are no rules Ken can offer them to the market at any price - what rules??
Obviously Ken can do whatever he want because he's the only one with shares, but from a business standpoint it doesn't make very much sense. And I have to agree with VE that it comes across very much like an exit strategy.
Just call the share value .0005. Boom, we've got 115 BTC worth of assets back from Ukyo. If they appreciate in the future, the company will be in even better shape.
The shares are not Ken's, they are ActMs. You have to be pretty dense or just simply love slinging complete bullshit (which is absolutely the case with VE
) to say that Ken recouping his losses to Ukyo is an exit strategy. And yes, the way the corporate lien works, as I understand it, is that Ken only gets to recoup his company's loss from Ukyo (106BTC) by executing the lien. The rest would go back to Ukyo to deal with his debts as he sees fit. As usual we have a pretty simple, cut and dried scenario here being obfuscated and fudstered. Real neat.