Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE

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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.

Reinvestment will never keep up with difficulty. It's a sad fact but its true. The sooner you get the divs out the better off investors are.

If I owned any shares, 65% divs would be ideal, it would prolong the project slightly and at the same time pay investors a good return. And all in all, when the projects lifetime starts to come to an end, you can just reIPO the remaining shares and buy new units then.

You do understand that as a self declared none shareholder we have to take your motivation for comments like that with a HUGE pinch of salt.