Quote from: Darkstone2 on March 13, 2014, 06:38:27 PM

You are completely missing his (and my) point. Rather than providing good arguments to fight the skepticism, everybody is running around covering his ears en yelling TROLL TROLL!! I'd say that tells a lot about the existence of those arguments..

Really, what's up with that? You can't fight skepticism by trolling back, but you can fight it by providing better arguments. What do you think will be better for the value of PETAMINE shares? 5 people screaming the word troll, or an good discussion about how the funds are allocated?

Let me ask it again nicely, who is paying for the costs of the PCB's. The shareholders? If so, how do we know we're paying a fair price for those PCB's? I haven't seen a cost breakdown yet..

Nay, it is you who is ignoring what others have posted.
They likely got the money for the PCBs the same place they got the money to pay for the deployment of an extra 500+ Terahashes of hardware. The havelock ipo happened when BTC/USD was a lot higher than the original ipo last year. My bet is that the funds came from that or, the folks behind cryptx have some deep pockets and decided to anty up to make up for the major delay in deployment, it helps us as well them because it puts us further ahead than we would have been.

Some #s for you to visualize. NOTE: These are based on #s I can find now, without too much slogging through the interwebs. If someone can provide better #s, please do so and we can adjust the math,
Lets say BTC was @ 100$ when they first IPO'd. They issued 100k shares @ .05btc each, looking to raise 5kBTC or about 500,000$.
Based on the shares put up @ havelock, they sold 63496 raising approximately 317480.
The havelock IPO according this page https://www.havelockinvestments.com/fund.php?symbol=PETA sold 5816 shares, if they cashed them out @ or near 1k, they would have brought in another 290800$. over 100k more than they were originally looking for.

Again, I know there are issues with the above #s, I don't know where to account for the ipo that they pulled leaving us to split 80k instead of 100k shares.

As for your attempted "question" about cryptx selling hardware to petamine at a markup thereby possibly hurting the petamine operation and profits. This is why I said that some people have no clue how a business is run. It is in their interest to get the most efficient and lowest priced hardware online so that the mine can get and stay ahead of difficulty.
They could cripple the mine by overcharging for hardware, but that would only make them a short term profit, and a profit that would shrink with each difficulty increase.

It would make much more sense for them to take advantage of the prices from bulk purchases and deploy their hardware for personal profits, rather than attempt to milk a cow that would quickly dry up.

Again, I pose a simple question.
WHY oh WHY would a person/company spend so much time and effort purchasing a datacenter, outfitting to handle more hardware than it did at purchase, only to make a short term profit?