Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
Why does it matter how many shares are sold in IPO? We now have 15GH/share, so what would be the benefit?
The more shares sold in IPO, the less CryptX has to pre-finance, we currently pre-financed 964 BTC. If and additional 10,000 shares are sold in IPO, the loan would be reduced to 530 BTC, with complete IPO sold out, this would mean, no loan has to be paid back.
The more shares sold in IPO, the less CryptX has to pre-finance, we currently pre-financed 964 BTC. If and additional 10,000 shares are sold in IPO, the loan would be reduced to 530 BTC, with complete IPO sold out, this would mean, no loan has to be paid back.
Ah ok that makes sense. It would have been more motivating for investors if we were clearer about this early on imho.
It was mentioned, in Prospecuts, and this post of CryptX:
We suggest to read the Prospectus in detail, depending on how many shares are sold in IPO, we can deploy a certain amount of hardware.
Quote
Depending on the quantity of units sold, one of the following scenarios will unfold:
Call me dumb, but I really don't see anything about pre-financing in there.
In any case, just because it appears in the prospectus doesn't mean that potential investors "get it." Whatever happened to our marketing effort?