I will add my voice to Epoch's to state that the only reasonable course in this process is to wind up the company rather than spending additional resources trying to fight your bondholders or somehow restructure the deal. All existing and inbound equipment needs to be sold and the proceeds distributed to the bondholders accordingly.
Lab_Rat's response on this has been that it will result in less value for the bond holders than ongoing operation with each original bond being worth 300 MH/s (including the 1->3 split).
grnbrg.
And why not 2 gh/s bond to reflect the futur hashrate ?
Why 300 mh/s when the issue is around the 100 mh/s bonds definition?
Something don't work here...
Absolutely right!
First of all if splitting now is appropriate can we look forward to future splits as new hardware comes in? I would be OK with that because it just makes the growth more staggered.
If future splits aren't possible then for god's sake split us 10 to 20 ways x100MH to account for the hardware we already financed with our bond purchases.
I can only hope that the news improves from here. Locked at 300MH is unacceptable. That IS theft and we will fight for what's ours.