I own a few hundred shares, but far less than 5%. I am very satisfied with how PETA is being run. Cryptx seems to be genuinely interested in making this project a success. I understand the hash rate/difficulty and how it will affect the mining. I am surprised that the current network hash rate is not above 100,000 TH/S. I have owned various mining shares over the past couple of years and understand the importance of updating equipment at crucial times and reinvesting to keep up with difficulty increases.

Basically you will know you are successful in keeping up with difficulty if the weekly dividend per share remains relatively constant over time. It is vital to have a dividend/reinvestment ratio that ensures the dividend will not drop due to difficulty increases. I would have no problem increasing the amount to go toward reinvestment.

It seems that some investors may simply want to see a huge weekly dividend so that the share price will rise and they can sell out and make a big profit at the long term expense of the project. IMO mikemikemike was pumping this project and constantly trying to drive up the share price a month or so ago simply to sell out. Now that he has apparently sold all his shares he has nothing but bad to say about PETA. It is wise to have only large > 5% shareholders vote, so that we can eliminate the self-interested pump and dumpers that do not care about the long term success and are only here for a quick buck.

Hats off to Cryptx for the fine work being done to ensure the long term success of Petamine!!