Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast)
It seems odd to me that the note on the cash flow statement for payment on the Sierras says:
"As per sales contract"
Cash flow is always done from actual payments. Why did the accountant need to refer to the contract rather than either Bitcoin transactions or dollar payment receipts?
Because of BTC/USD has gone up from moment of IPO"As per sales contract"
Cash flow is always done from actual payments. Why did the accountant need to refer to the contract rather than either Bitcoin transactions or dollar payment receipts?
In which case you show the ACTUAL BTC paid and the exchange rate at the time.
As was done with the Cointerra investment, where a Bitpay invoice was used.
Was the Hashfast contract actually paid, or is there still outstanding amounts? As you note BTC/USD has changed a lot since the IPO. If BTC were held, they represent a significant gain for INVESTORS, not for a back room deal where Icedrill backdates a sale to themselves.
If bitcoin price would be lower at payment moment it would be bitpay invoice, but now its only "Transaction to HashFast".
About 20 000 btc transaction to hashfast, is there transaction id?
I would like to see receipt with amount of sierra units and price in bitcoin.<- Is it possible, DeadTerra?
The bitcoin transactions for the units have been posted here before they amount to 20 000 BTC which was locked at 100 USD per BTC, giving us 2 mill USD for the 235 Thash worth of equipment.
The full trail and math will be in the audit so you can look at them yourself
We also have the receipts from HF if you don't believe me.
//DeaDTerra
The full trail and math will be in the audit so you can look at them yourself
We also have the receipts from HF if you don't believe me.
//DeaDTerra