I will summarize what i said in recent posts and was brilliantly ignored:
1. Peta promised 700Th/s back in january. four months later: 500Th/s
a) 30% shortfall
b) Late deployment
Were a breach of contract in at least one of these two tabs; most probably the 2. Additionally compensation for late deployment was promised, it never materialized.
c) Peta promised transparency and Shareholder vote if a major change was intended... (crickets).
d) Peta suspended dividends without prior notice or consent, once again, breach of good will and common sense.
e) Peta suspends trading... as in
a+b+c+d+e= F-
Also my last post. there's a lot of hopium here.
Let me first quote from the IPO Prospectus on Havelock in December:
CryptX has issued an asset ( PETAMINE) for shares in the profit of the PETA-MINE
project. Each unit represents 2.4 GH/s of the total hash power of the PETA-MINE,
and unit holders will receive a weekly dividend payment every FridayLet me remind you of the update we gave end February:
1. Start date of the PETAMINE
We suffered delays which were out of our control. Nevertheless we are proud to have started the deployment of the mine on the 13th of February. The progress of deployment can be followed here:
http://eligius.st/~wizkid057/newstats/userstats.php/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6
2. Initial hashrate of the PETAMINE
Our initial contract stated a hashrate of 1 GH/s per share which we were able to increase to 2.4 GH/s per share thanks to the Bitfury hardware sale.
Due to current delays in delivery and because of the crucial importance of the initial hashrate of the PETAMINE, we like to announce that WE WILL DEPLOY AN ASTONISHING 700 TH/S INSTEAD OF THE PROMISED 230 TH/S. This means a hashrate of 8.68 GH/S PER SHARE OR 3 TIMES THE PROMISED HASHRATE! We are confident that this is the extra push the PETAMINE needs to really excel! You can find the confirmed deployment schedule below. You realize we were only obliged by contract to deliver 2.88 GH/s?
You realize we were never obliged to cut hosting from 0.45$ to 0.25$?
Now, we could just wait for the last hardware to arrive. We would be hashing at 700 TH/s with 80,760 shares in a couple (?) of weeks. We could pay 65% dividend and all investors with a short term view, would be happy. Until they realize a few weeks/months later we are slowly dying and dividends dry out.
I would like to ask all of you to trust our long term vision and ambition. We want this project to become big, we want to create value and become a large player on this market.
+1 i trust the long term vision, i feel like we have been consistently been moving forward in the right direction