Topic: BitFlowSystems IPO - page 6. (Read 17337 times)
We got our 2nd investor!!
I issued them to myself. The backing is the equipment, money, and labor i already have invested. I also have to keep control of my company therefore I need to retain majority ownership. If your question is whether I just valued the company I want this to grow into at that much, then no. I put these shares up for a very good price IMO considering what we already have established.
Total IPO Value of the shares offered is only 200BTC, Pretty cheap for 20% profit sharing and ownership.
The dividends are paid quarterly as of now, Although there is a clause that would allow us to switch that to monthly if we all agree.
Total IPO Value of the shares offered is only 200BTC, Pretty cheap for 20% profit sharing and ownership.
The dividends are paid quarterly as of now, Although there is a clause that would allow us to switch that to monthly if we all agree.
how often are dividends paid? Did you put in the 510BTC to pay for part of the shares or did you a lot them to your self with no backing?
A little Shameless Bumpity Bump.
Lets keep the ball rolling!!
Lets keep the ball rolling!!
Thanks to our First Investor!! 
Electricity/Debt gets paid first
Any profit gets put into glbse and divided amongst the shares.
currently 20,000 shares are available to the public, I own 51,000, and I have a pair of investors that hold 29,000.
My investors have decided to wait for the IPO, and have made an agreement to sell 5,000 shares giving the public a total ownership of 25% over their 24%. They want to wait for it to go up first which is understandable,
Absolute latest would be 12/31/2011, but I believe they will sell sooner because they have no interest in controlling something they don't understand (Bitcoin in general lol), but rather make a profit.
Any profit gets put into glbse and divided amongst the shares.
currently 20,000 shares are available to the public, I own 51,000, and I have a pair of investors that hold 29,000.
My investors have decided to wait for the IPO, and have made an agreement to sell 5,000 shares giving the public a total ownership of 25% over their 24%. They want to wait for it to go up first which is understandable,
Absolute latest would be 12/31/2011, but I believe they will sell sooner because they have no interest in controlling something they don't understand (Bitcoin in general lol), but rather make a profit.
One more question: How is the profit split between you, the investors, and the company itself?
Well,
Lets say we sell the IPO out at 25,000 shares .01 each.
That is 250 BTC, or at the moment about $4,000 USD.
3,000 Goes to New cards, we have the hardware to run the cards already. We have had pretty good luck with used 5850/5870 xfx because we just get the lifetime xfx warranty transferred over.
Id say that this IPO Will Bring roughly 3.5 G/Hash a sec to our Setup. For a Total of 5.4 G/hash. We have more equipment coming after 6/30, we are waiting for a shipment as I am sure many of you are.
The other 1,000 is Going towards a Website/Server Combo For Bitcoinbux.com and Betterbitcoinbureau.info
Lets say we sell the IPO out at 25,000 shares .01 each.
That is 250 BTC, or at the moment about $4,000 USD.
3,000 Goes to New cards, we have the hardware to run the cards already. We have had pretty good luck with used 5850/5870 xfx because we just get the lifetime xfx warranty transferred over.
Id say that this IPO Will Bring roughly 3.5 G/Hash a sec to our Setup. For a Total of 5.4 G/hash. We have more equipment coming after 6/30, we are waiting for a shipment as I am sure many of you are.
The other 1,000 is Going towards a Website/Server Combo For Bitcoinbux.com and Betterbitcoinbureau.info
Yes.
Just to clarify, is your question what the output of the mining operation will be in G/hash's?
How fast would the server farm running this be?
BitFlow Systems Announces the IPO.
Shares Start at .01 BTC each.
Contract can be viewed here : http://dev.glbse.com/cgi-bin/asset?id=8c6af991f581d273228813d648fc8afda102838fb4a1ebd12e7e18af3a9efcd4.xml
And is 100% up to date and verified by glbse
Any questions are welcomed.
Feedback is appreciated
Thread and Email checked several times a day.
Monthly updates
Quarterly Reports (Detailed)
Live Chats
Complete Transparency
Get involved with a fast paced, extremely dedicated team.
If you need help using the Stock Market client just msg me and I will try to help Smiley
The only change from previous plans is we reduced the total shares issued to 100,000 from the original plan of 1M. Nothing changes just each share is worth 10 times more and there are ten times less issued.
Shares Start at .01 BTC each.
Contract can be viewed here : http://dev.glbse.com/cgi-bin/asset?id=8c6af991f581d273228813d648fc8afda102838fb4a1ebd12e7e18af3a9efcd4.xml
And is 100% up to date and verified by glbse
Any questions are welcomed.
Feedback is appreciated
Thread and Email checked several times a day.
Monthly updates
Quarterly Reports (Detailed)
Live Chats
Complete Transparency
Get involved with a fast paced, extremely dedicated team.
If you need help using the Stock Market client just msg me and I will try to help Smiley
The only change from previous plans is we reduced the total shares issued to 100,000 from the original plan of 1M. Nothing changes just each share is worth 10 times more and there are ten times less issued.
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