Post
Topic
Board Securities
Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
by
howardb
on 20/05/2014, 15:59:31 UTC


You do realize that they cannot make the hardware appear from thin air, right?

The manufacture didn't delivered the hardware, so we got a refund...

The mining industry is a continuing changing business, you adapt or die and as far as I can see cryptx is doing a good job, or at least trying very hard, adapting to new circumstances.

Was it that hard to explain, share and call for quick vote?
We were all for the long term and most likely voted in favor of the logical option...
That's the problem with virtual companies, there is no corporate governance, we have no 'rights' as shareholders, in fact we are not even represented by shareholder elected directors. So we should not be entirely suprised when so called 'founders' steamroller through their own decisions regardless of whether they might represent a conflict of interest.

Having said that, I knew I was taking a chance on the people behind honest when I got into this. But there IS a very good reason why none of these IPO's would be legal in the developed world.