Post
Topic
Board Securities
Re: Now seeking investors for BitCorp Mining Company
by
yochdog
on 26/09/2011, 00:23:23 UTC
You really dont understand how shares work do you? You cant set the price of the shares as you wish, by saying 0.1btc per share with 1000 shares, your automatically valueing your "company" at 100btc... for what exactly? you dont have anything.

Since Alfalfa pointed out that I can be fairly condescending is my responses, I will go easy on this one.  Really though, your post is silly.

To say I don't understand how shares work, considering what I do for a living outside of Bitcoin, is stupid.  If you would take the time to read the proposal, or had any knowledge of how share sales actually work, you would see how off-base you are.

When a company offers shares to the public for the first time, they absolutely set an acceptable range for pricing.  In terms if valuing the company, you really did not read a bit of the proposal did you?  .1 BTC is what the monthly dividend will be set at, not what we are willing to sell shares for. 

Finally, we don't have anyting?  What in God's name are you talking about?  We have a hardware investment of over $7,000 and monthly BTC production in excess of 150 BTC.  How exactly is that having nothing?

Seriously, if you don't take the time to educate yourself on the matter, just don't post.