Post
Topic
Board Securities
Re: AMHash1: Cost-Effective Mining Contract
by
xhomerx10
on 29/10/2014, 03:01:24 UTC
I am Chinese user ,forum should request, the following text use Baidu translation:

Glad to see also AMhash contract in the domestic forum, but most of the customers have doubts about compulsory repurchase, we want to know what is your starting point to make such a statement?

Doubts are as follows:

In the calculation of force began to take effect within 45 days of the company's right to roast the cat (the sale price - pay income) 120% buy back price of all stress, repurchase notification shall be 3 days in advance notice.
This TM is too pit, if the money up, grilled cat repurchase is force; if the currency price, roast cat let user shall bear the losses, is that what you mean?


Web site: http://www.cybtc.com/article-1443-1.html

 This is a good question.  I think this is a standard buy-back clause which would allow them to buy back the shares should the need arise.  Imagine that there might be an unscrupulous person in the Bitcoin world (I know this is hard to imagine... please play along) who would buy up all the shares and rebrand the operation in order to expand their own enterprise.  Maybe Sam Cole needs to add some inexpensive hashing power to one of his many Datorhalls, or maybe Sonny Vleisides and Josh Zerlan are looking to bring some innovation to BFL (lord knows they could use some inexpensive innovation right about now), or maybe Creativex aka Eric Corlew is looking to make a come-back with bASIC-mining so he can repay his shareholders (hey, we can dream)...  Anyway,  AMHash could then buy back the shares and regain control of their own operation.  I realize these are rather extreme examples but as you can see, it protects AMHash as well as the shareholders.  These are bargain basement prices for hashing power and maintenance fees.  I would not be surprised at all if someone would try to exploit this offering in such a way but I do not believe that the clause is there to take advantage of AMHash shareholders.

 

lol what? The buyers will not have access to the hashing power...they just get divs from it. Never mind...just go buy a bunch of shares and profit    Cheesy

 The buyers don't need to show the actual hashing power, only the Bitcoins which it can produce.  If I get a spare moment I'll draw you a picture.