Post
Topic
Board Securities
Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
by
howardb
on 02/06/2014, 14:00:07 UTC
Quote
To have a better view about current unit holders dividend / reinvestment preference, we are opening a vote where every unit holder can submit their preferred ratio. The vote will only be valid for current unit holders and held until Thursday, June 5th 2014 - 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder. Based on outcome, we will adapt reinvestment/dividend strategy.

AWESOME! Even though it may produce little to no effect, THIS IS TRANSPARENCY and we appreciate it.

For myself, I'm content with any reinvestment amount under 60%. I'll be voting to reinvest 50%, even as a vote of confidence, but also because it falls in my acceptable range.
To succeed PETA MUST grow faster than the difficulty. Now that may take more efficient kit and/or greater re-investment percentage or a host of other things, but if we do not outpace difficulty, we end up a forgotten footnote and a failed investment.