In the May 30th update: "Dividend payout will resume next Friday (June 6th), we propose to alter the dividend / reinvestment ratio to 50/50. So 50% of net mining revenue will be paid out as dividend."
How and when will this proposal be voted on by shareholders? In the original contract it is stated:
"CryptX will not change the direction or goal of the PETA-MINE without shareholder votes"
"The percentage of the net revenue paid in dividends can change if shareholders vote to change it."
"While the reinvestment percentage is subject to change via shareholder vote, such action will only occur if the state of the Bitcoin mining space demands it."
Shareholders were, as far as I am aware, not given a chance to vote on the IPO, or on revisions to the prospectus. What is my position as a shareholder?
We found out recently that 'shareholders' in the prospectus means 'shareholders with more than a 5% share', so they obviously voted for this already we just don't get to hear about it.