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No worries dude, best of luck to you too.
On a side note, now the reinvestment percentage has changed, which is all I ever wanted, I must say I think you guys will get a good ROI now. Your going to get a record yield this Friday, with the new reinvestment percentage I actually believe the IPO price was justified. I must say when it was trading yesterday @ 0.072 I was extremely tempted to buy in, but alas, after everything, I won't be, especially as I've now gone back to propper daytrading. I wish you all the best of luck and I hope you understand I stirred up all that shit because I thought the reinvestment percentage was completely unfair for investors, now it has been rectified, this is again the best investment on havelock.
I wish you all the best of luck. Anything below 0.08 is a ridiculous buy and you'll realise why on Friday.
Peaceeeeee
can you explain this a bit more? What has the reinvestment percentage been changed to? Why is this a good thing?
The original reinvestment percentage started above 90%, meaning the first weeks dividend would have been around 5x less than what it is now.
You are wrong, last email send to shareholders from Cryptx say :
Dear unit holders,
As the IPO is running towards an end, we would like to inform you about where we are and what is going to happen.
Current Status:
Currently, about 11,085 units are sold during IPO, which brings the total of outstanding units to 77,291. We increased hashrate from 7.55 GH to 15 GH/share on Monday, which brings the total hashrate of PetaMine to 1159 TH/s.
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.
What will happen after IPO?
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. The remaining 50% will be used to repay the loan of 964 BTC CryptX has pre-financed to pay for new hardware, after that funds will be used to further expand PetaMine.
Team CryptX
So the dividends will no 5x less than previous one, we passed from 40/60% to 50/50% and from 7GH/s per share to 15GH/s per share, there is btc/usd best ratio exchange, so hosting fees will be reduced too, so i think that is impossible to receive a dividend reduced in ammount...