$15837.93 is the amount of money that was raised by the company from the IPO.
I have paid back 202.7945 BTC back into the company for a value of $3411.58 through reinvestment of dividends
I put 30 BTC of my own from my time solo mining into the company at the beginning (when BTC was at around $7.50, so about $225 from that)
I provided a building (with insurance) to house the machines which I valued at $200/month (far below what we would have actually paid to rent a space
(200*4 = $800)
I provided at least $500 of materials to build racks and a cooling system.
In addition to that, I logged 243 hours working directly on this project, at a rate of $35/hour.
(35*243 = $8505)
I also contracted the work of several others to help with electrical setup, rack setup, cooling setup, etc. as well as to help take care of the machines in the event that I was unable to attend to them.
I think that this is value I added to the company and value that I should be able to be remunerated for. I do not think I am being unfair in any of the prices or rates I listed. When all is said and done I have invested quite a bit of time and personal capital into this company that would have otherwise had to be paid for by the company, cutting into dividend payments and growth. My investment has easily been worth the $15837.93 that investors contributed.
I have paid back 202.7945 BTC back into the company for a value of $3411.58 through reinvestment of dividends
I put 30 BTC of my own from my time solo mining into the company at the beginning (when BTC was at around $7.50, so about $225 from that)
I provided a building (with insurance) to house the machines which I valued at $200/month (far below what we would have actually paid to rent a space
(200*4 = $800)
I provided at least $500 of materials to build racks and a cooling system.
In addition to that, I logged 243 hours working directly on this project, at a rate of $35/hour.
(35*243 = $8505)
I also contracted the work of several others to help with electrical setup, rack setup, cooling setup, etc. as well as to help take care of the machines in the event that I was unable to attend to them.
I think that this is value I added to the company and value that I should be able to be remunerated for. I do not think I am being unfair in any of the prices or rates I listed. When all is said and done I have invested quite a bit of time and personal capital into this company that would have otherwise had to be paid for by the company, cutting into dividend payments and growth. My investment has easily been worth the $15837.93 that investors contributed.
Hey,
This has gone to far...
I've also invested a considerable sum of BTC's into SIN.
Tawsix,
1. First of all, you have invested 202.7945 BTC which gives you about 270 shares, and even if you want it to look like you owned them from the beginning, you still owe us investors everything else but your 270 "paid-for shares".
2. Those 30 BTCs you can keep in my opinion. And don't you dare claim it in USD (if you can show us proof of you investing 30BTC more than your divends)
3. The building... Sorry mate, that's just not gonna work for me (us), this was your selling point trying to get investors.
4. Materials to build racks and cooling system. Not gonna work either, also a selling point you used to get investors.
5. 243 hours of logged work. On what? And hey! Selling point aswell. I remember a discussion saying something like "working for free, one of the benefits of taking the risks.
6. What contractors? Never heard of it.
If you were to have these numbers in your initial calculations, no one would have bought a single share!!!
You made us a promise remember? Now when the shit hits the fan and you are trying to do damage control... please remember that some of us believed in you and invested alot of money into you and your idea....BASED ON YOUR PROMISE!!!
Do the right thing!
/B
(Thanks boonies4u, for the quote
)