kslaughter > Could you tell us how many of the 40M shares issued have been sold ?
20 Million are for the growth and expansion fund and will collect dividends to buy more mining equipment from VMC or others. This shares most likely will not be sold, check our description on bitfunder.com for details.
20 Million are "Early Adopter Shares" and the first 5 Million of those shares are being sold now.
3,036,23 remaining of the 5 Million shares of the first batch as of the writing.
I finally get it (I think)
Quick thread recap:60,000,000 shares are owned by AMC and can be used for anything including salaries. They may not be sold and will not receive dividend payments until the other shares have received dividend payments of at least 0.0005 BTC/share.
20,000,000 shares will most likely be left untouched, so new equipment can be bought with the BTC received from the dividend payments.
18,000,000 shares may be sold as low as 0.0005 BTC/share and are released over time on Bitfunder. (IPO)
2,000,000 shares have been sold to investors on Bitfunder. (IPO)
The batches of 500,000 shares you can see on Bitfunder right now are for the most part owned by AMC and part of the remaining 18,000,000 IPO shares.
Mining Operations have not started yet. 6 Units from Avalon should arrive soon™ (
two weeks) and the first real dividend will be payed after they are set up.
VMC will
try to develop their own mining hardware and sell them at a reduced price to AMC later this year.
Edit: I forgot to add, there has been some controversy on how shares where released on Bitfunder and then pulled again to pump the price.
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