Quote from: Franktank on March 03, 2014, 01:54:11 PM

Quote from: eastpk on March 03, 2014, 01:45:04 PM

So I dont think that AM accounts for 163,962 virtual whole shares of Bitfountain's 236,038... I think they are seperate - Bitfountain owns 236,038 - then AM has 163,962 shares that are up for purchase. Can someone please correct me if I'm wrong?

I also don't think it would be a great idea to offer discounts to anyone who owns shares... for example - if I owned some shares in Tesla, does that give me the right to have a discount on a car simply because I own shares? Just because one is investing in AM does not give the right to cheaper mining - I understand that would be great, but I don't see the positive for AM when they do this.

There are 400k total shares, of which only 163,962 shares are floated by the public (PT, IPO investors, direct minority shareholders, etc). Each share as voting power; however it doesn't mean much as more than 51% of all shares are held by Bitfountain. Board members are those who hold 5000 shares in their possession, they receive minor updates on what appears to be a weekly basis. Note these updates are not significant, more like "things are still on schedule." Any board members who think otherwise is free to correct me. To all newcomers, I would highly suggest to all reading all of friedcat's posts from Aug 2012 onwards before "investing."

+1

Thank you sir

- exactly what I thought....

I'm sure aahzmundus' post will help bring new people up to speed!