Post
Topic
Board Securities
Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
by
Puppet
on 05/06/2014, 15:52:30 UTC

Not really sure if it's too vague if you think this offerings a losing proposition, you seem to believe the operation will decline/and or be completely delisted meaning dividends and or share price will collapse.

If that's the case, then you would imagine in 6 months (or less) I wouldn't be able to realise a positive ROI anymore right? we are not talking about 'sometime in' 6 months but 6 months exactly. If we were talking about 6 months or LESS, I'd just take the 10btc off your hands right now.  

Clearly, 6 month exactly. As for taking my 10BTC, I was pretty clear this is about the 0.0975 BTC iPO.

Quote
Obviously, if PETA were to disappear overnight you would automatically win, whereas if shares were to spike tomorrow then collapse in 6 months I'd not win, so it negates somewhat the greater fool theory you talk about. this is a bet to talk only about the long term potential of the mine which you think there is none

Yes, but I put those provisions in for a reason. You seem unaware of what happened to gigamining and activemining. Gigamining, after consulting with lawyers, was taken off the market, so those bonds were no longer in any way liquid but the issuer continued paying dividends to bondholders (at least to those willing to fork over all their personal information, doxing themselves and sign a small pile of legal documents). Not that these investors ever got a positive ROI, but it would be impossible to say that for certain, at least before a forced buyback at an arbitrary price took place several years after IPO. The odds of a positive ROI only ever were theoretical, like when difficulty would drop by a few orders of magnitude, but in such a scenario I want to avoid you claiming its possible to ROI. If the cryptx units are no longer being traded on the open market, I win.

As for euro/dollar, that was a reference to activemining who is being forced by regulators to offer reimbursement to its investors at IPO price +8% interest (again only to those doxing themselves). This will have be done in fiat, based on the exchange rate at the IPO. Now, in the case of activemining,  BTC price increased about five fold between the IPO and now, so this ends up being a pretty horrible deal, but if the same were to happen to cryptx, and BTC price were to plummet instead of soar, investors could end up with a BTC denominated profit if you convert the reimbursed dollars/euro's in to BTC. Again this is not a situation were I would want to lose the bet, especially since you claim there is no legal risk, and Im already betting plenty on a BTC price rise.