This would be my guess.

Sheesh...can't even dump my shares at this price...guess I'm not the only one waking up to the grim reality.  Looks like your words are being heard mister Puppet.

ASICMINER was selling overpriced mining gear to ignorant/starry-eyed miners.  It was mining with self-made chips and miners, and the competition at the time of greater-than-network-growth was nominal.

Which ones are those?

...

I already did a bazillion times. Like here:
https://bitcointalk.org/index.php?topic=310783.msg7347749#msg7347749

and here:

https://bitcointalk.org/index.php?topic=310783.msg7411291#msg7411291

A 100% reinvestement strategy will not pay out a satoshi in dividends ever but will also not be able to increase the hashrate at the same pace as the network; the mining revenue as % of investment is simply lower than the difficulty growth, so your share of the network and therefore,  share value will simply slide over a long time until approaches zero and thus you end up with ~0% ROI.  Its like buying a unprofitable miner and using all your revenue to buy more unprofitable miners.

No its full reality for the next ~3 months. If the current network growth keeps up, its gonna be reality for longer, potentially for forever.
...

...
so here is a prediction: friday he will suggest further witholding dividends to accelerate paying off the loan  "speed up "reinvestments". That way he gets his money back, he gets to pocket another round of hardware purchase kickbacks and increases his exuberant hosting fees.  Clueless shareholders will rejoice even though the final result of this is that they  will not even come close to  the best case return I projected.

Alternatively, although it ammounts to pretty much the same: cryptx will announce a new security and offer existing shareholders a paid "upgrade". Just another way to get more BTC from the suckers since his mining gear is rapidly running out of steam.

Korb do you think if we re-adjust the div share to be a smaller %, perhaps ~ 10%, it is still to late? Or would we be able to recover with such a strategy in your opinion?

Puppet, feel free to chime in on that as well.

I don't mean to encroach on the question posed to Puppet, but I can answer this from experience.

Yes, developing and maintaining a mining operation is a exactly like a dog chasing its tail. It's a cycle of finding better hardware to temporarily outpace difficulty...which ultimately increases the difficulty...which leads you back to finding more efficient / large quantities of hardware. It doesn't matter how large or how small the farm is, this same cycle will have an effect on all participants in one capacity or another.

This cycle is so vicious that there will be a period of time when only miners with unlimited, free energy will profit.

Heck, it hasn't even been two years since ASICs have been released and we're already pushing into "4th Generation Chips" territory. The product lifecycle we're working with is insane!

Don't be fooled, Puppet has his own agenda, he is not wasting is time here out of good will trying to prevent people from losing their money...

That gives this result



No reinvestments for another 3 months, and cryptx NAV would be ~0.017 BTC / share...

...I really think cryptx needs to either substantially lower hosting/admin fee's and/or get a couple of actual chip geek's on the payroll developing his own chip if this project is really going to flourish...

I always said my simulations where very (very) optimistic.

Now lets continue being optimistic without ignoring the current reality, and lets assume the current hashrate spike is just a one time anomaly and after the upcoming  ~25%  adjustment,  network growth will reach a record low average of 7%/week and decelerate further by 3%. It doesnt get much more optimistic than that:



That gives this result



No reinvestments for another 3 months, and cryptx NAV would be ~0.017 BTC / share, and thats still assuming record breaking reinvestment efficiency.
In reality fair valuation is probably around half that, or around 1/10th of its current price.

Ive seen lots of idiocy in the security forums, but this one takes the cake.

June 20th, 2014 - Dear unit holders,

...

We announced to further examine and experiment with p2pool last week. We have set up our own p2pool node ( http://pool.petamine.co:9332/static/ ) and after several days of testing we can confirm that it is running stable and are ready to direct the entire PetaMine to p2pool.
Therefore we are issuing a vote whether or not to switch to p2pool. The vote will only be valid for current unit holders and held until Wednesday, June 25th 2014 - 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder. Based on outcome, we will direct our hashrate to p2pool.

Click the link below to place your vote:
https://nl.surveymonkey.com/s/5KVLXD3

Take a look at our public p2pool node (0% fee, so you are welcome to join):
http://pool.petamine.co:9332/static/

...

1) stop dividend payment until we have reimburse our loan

Nobody is buying on Havelock.  As far as I can tell all of the securities are slipping (at least the ones I watch are).

...Also, BTC is expected to increase to 5000 by the fall...

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.

50%reinvestment the rest divs minus hosting, which will be lower now that BTC price has jumped up

my div guess .0021

Here's an idea for accounting

http://piratepad.net/4IuFS2gHeU

Since there is no public source for share-ownership. fill in the shares you own, you can do so anonymously. Let's see whether it adds to 30% of total shares or more.

It was mentioned, in Prospecuts, and this post of CryptX: