I am happy with the increased fee. My only concern would be, if its this simple to change the fee up, what is stopping you to do so again in the near future.
In saying that, you have done a fantastic job thus far, making it worth the extra premium.
Thanks for saying so, I appreciate it. I think we've all been shareholders in more than a few funds with less-than-stellar communication, so I always pledged that I wouldn't succumb to that if/when I became a fund manager/issuer.
That's actually a good point that you bring up. If the 2% management fee is instituted, I will not ask for any higher management fees or additional fees to be paid to me as the Issuer for this Round.
The Round is defined as the time from the first shares of EXCH being sold until the End-Game via Decrease or Increase - basically for the next 6/9/12/etc. months that BDD runs for (until the funds are totally paid out). We're currently in Day 10 of Period 3 of Round 1 (in case anyone was wondering!).
I'm still reserving the right to possibly change the management fee for the next Round, but not necessarily planning to. At that point there will be a brand new contract for prospective speculators to review prior to the Round beginning instead of a mid-stream change like this.