Quote from: nwfella on October 01, 2014, 07:30:59 PM

Quote from: Puppet on October 01, 2014, 08:14:16 AM

Quote

Dear unit holders,

Difficulty has increased a little more than we originally anticipated. Our IPO prospectus foresaw a difficulty of less than 2B by this time. In reality it is a little higher, at 17 times our projection. As a result, we have fallen a bit short of our initial 1BTC per share dividend goal for October. But if bitcoin exchange rate increases by a few orders of magnitude and difficulty declines dramatically over he next decade or two, our initial goal is still within reach.

To maintain the possibility of achieving this goal, PETA mine will continue running for as long as mining revenue exceeds our very low undisclosed hosting costs. But whenever the revenue falls below our publicly announced $0.15/GH/month, as happened yesterday and will happen more and more frequently in the future, PETA will generously lend unit holders the difference so that no negative dividends have to be collected. Actual dividends will only resume once this accumulated debt is repaid, which will be increasing unlikely to happen ever.

Looking further ahead, once mining revenue drops below our undisclosed hosting costs, we will auction off the hardware, and will deduct this sum from the outstanding loan, thereby reducing the debt unit holders owe to Peta.

PETA mine has come a long way, and together with Havelock, has been a leader in driving down prices per GH, from ~0.007 BTC per GH at IPO to ~~0.0003~~ ~~0.00025~~ ฿0.00020 BTC today, an impressive ~~2300~~ ~~2700~~ 3000% decline in just a few months. We are proud of this achievement and look forward to continuing on this path and set new records along the way.

YHBT
Team CryptX

lmfao...wow! That's really big of you CryptX. You would be willing to do that for us? What a guy! Considering I seriously doubt that havelock has any provisions for asset holders to actually charge their customers for holding shares this basically amounts to a doggie treat with 0 flavor.

The debt unit holders owe to Peta?!?! Did he really just say that! So glad I'm out of this cluster-buck.

This asset has been a complete sham for quite sometime. Buyer beware, petamine is likely to not be around much longer.

I believe that was a fake story put out by Puppet that he made to look like an actual announcement. Not real though.

Although probably not too far off what the actual announcement will be.