Post
Topic
Board Securities
Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
by
coinhuddle
on 18/05/2014, 14:21:45 UTC
mikemikemike,

Couldn't one argue that this business is about the deals done behind the scenes? Success is dependent around bulk orders and creating relationships between your mining business and suppliers. This large upcoming purchase reflects that, and is evidence of PETA continuing down that positive direction. 1000 btc is roughly $450,000 and that is buying 1000 TH (1 million GH). 1 million GH for $450,000 is $2.22 per GH.

My primary concern is the lack of transparency around how reinvestment btc is being saved and spent. That needs to be stepped up (maybe it is transparent and I've just missed it).

How much of the reinvestment fund so far is contributing to this large expansion?

One of the easiest tasks imaginable is creating a Google Doc spreadsheet showing weekly revenue, expenses, reinvestment, and dividends. This was started in the "Update" tab at Havelock for part of April. But hasn't been shown the past few weeks.

Why was this discontinued?