Quote from: michaelGedi on August 16, 2014, 09:57:24 AM

Quote from: kenmomotaro on August 16, 2014, 09:36:59 AM

My only question is that Cryptx should probably own 65100 Petamine units, so how comes if we convert all Scrypt-X units into Peta units? That will be converted into 147415 Petamine units. Another 82315 Petamine units will be needed.

So, does Cryptx own 147415 Petamine units in hands, or it will go another way? Like deploy new 82315 GH/s to increase the total Peta's shares number?

are you accounting for the unsold peta units? essentially one's that are on standby and have not recieved dividends, but could be sold in IPO or in other situation?

I may be missing something here... hmmm, now that I think about yes I see - they would have to increase GH of peta. Maybe peta has aquired these from another large shareholder as they did last time.

I account that part of shares from this source.

Quote

July 11th, 2014 - Dear Unit Holders

These are the results of the survey: 68% of all unit holders have cast their vote with regard to the outlined strategy change of PetaMine:
-   Yes votes: 98%
-   No votes: 2%

Based on these results we will go forward with the execution of the following points:
-   Convert the outstanding loan of 342,9 BTC to 4650 PetaMine units
-   Change the dividend payout to 100%
-   Reverse split of 14 for 1 unit.
-   Payment of dividend each day

Trading will temporarily be halted later today and all open orders will be cancelled. After trading stop, each unit will be converted to 14 units and trading will resume shortly thereafter.

Details about this weeks dividend payout:
243.53169702 BTC in total from mining and converted NMCs

- 173.75750347 BTC as dividend (0.00211533 BTC/share)
- 69.77419355 BTC as hosting fee

Team CryptX

So basically 4650 old petamine shares* 14 convert rate = 65100 new petamine shares in Cryptx's hands.