Thanks for your question.
I will try to answer them.
About all that "as soon as we have raised enough, we won't sell any more shares" thingie:
Imagine, BTC prices still rise as crazy and you only need to sell 100k shares - does the other party (Bitfountain) then own 200k shares (2/3rds of the company) or is it then just that each ASICMINER share owns 1/200000 instead of 1/400000 of the company?
If BTC prices still rises as crazy after we stopped selling, we will do a proportional return as a big dividend before we begin to exchange BTC for fiat. But each ASICMINER share always owns 1/400000 of the company.
Will additional (unsold) shares be sold later or deleted, including a change in contract that you will not sell more than the ones sold - ever?
The unsold shares may be sold later, but hopefully with a higher price if we successfully produced our first batch of chips. We only guarantee that no more than 200,000 shares will be created and sold ever.
Also I find it worrying that you give that high discounts for bigger investors - 10%, 12.5% etc. are far from what I'd call reasonable. After all, why should I as a smaller investor then buy a handful of shares, if others get them for a LOT cheaper? This actually discourages me to buy directly from you, but rather hoping that someone wants to make some quick money by buying at 12.5% discount and immediately opening a (cheaper than 0.1 BTC) bidwall.
The price spread caused by the discounts are indeed large. From the investors perspective, who are not willing to buy so many shares for the discounts, could either directly buy from us, or from other people who offer less price. From our perspective, while it indeed discourages investors to directly buy small amounts from us, it attracts larger bulk purchase. After all, finally the market will settle the price down.
The important thing is that we will only give the extra shares when we decide that the IPO does not fail. Because when it fails and we return back the 100.5% capital, we don't want to cause any wealth re-distribution from small investors to larger ones, since in the GLBSE system all shares are identical.
