Well I don't care but the 100 TH/s IPO investors would. Their money was used on chip production and they even haven't received the mine that they were entitled to (as listed in the IPO contract, which was supposed to be mining by July 2013). And now Bitfury, who took their money, now receives $20 million and they're left with jack? I'm sure that will go over well on the "public US stock markets." VC's don't like any surprises...
Why would I send in a tip? That would be cheating
But if you found out that someone scammed money from you and they were able to turn that money into $20 million for a "$250 million company" and you could prove it a court of law (they're a U.S. based company btw), would you really just walk away?
Let's check out a few things, shall we?
100 TH/s IPO shares - 518271 @ .04 BTC/share = 20730.84 BTC collected
"IPO Business Plan" - Claims to start mining by July '13 -> Actually doesn't start mining until Sept '13 because of "delays"
Meanwhile, Buzzdave is
pimping Bitfury sales hard in the Mining hardware subforum
here on July 7th 2013.
As we all know, Bitfury dumps TH/s onto the network last fall.
Meanwhile, IPO investors are getting daily div payments of 0.00001512 since Sept '13. It might take awhile to hit 0.04, huh? That's about 7 years if the difficulty doesn't change (LOL!).
Yep, I'd be a happy investor too. I OBVIOUSLY WOULDN'T TAKE ANY LEGAL RECOURSE AGAINST THEM EITHER, RIGHT ANOTHERANONLOL?!
Mining companies that take money but fail to produce something is one thing, but a mining company that takes money from you, becomes successful, and then SCREWS the investors that made it possible...?
Yep, I think they would still be happy and not say a word. I mean, what's 10-30% of the collected fines from "$250 million dollar company" right? It's all sunshine and rainbows for Bitfury...
