...
Should management be unable or unwilling to continue operations of bASIC-MINING, a suitable replacement, designated by management, will be sought out. If none can be found, all outstanding shares of bASIC-MINING will be bought back at a price no less than 105% of the 7d Avg price.
Since the hardware is owned by the shareholders, shouldn't you be saying that the hardware will be liquidated and the proceeds will be distributed to the shareholders? What about the 30% of mining revenue held in reserve? Or, do you intend to keep it?
You are absolutely right. This language was added to LTC-DMF's prospectus prior to trading, but failed to make it into this contract, this has been corrected. Thank you for bringing this to my attention.
Though, I don't know how you can guarantee to pay 105% of the 7d Avg price. How do you ensure that the 7d Avg price is not manipulated. For example, if people found out that you are shutting down, they would buy as many shares as possible beforehand in order to drive the average price up as high as possible. On the other hand, you could counter that by dumping all your shares onto market to drive the average price down. This could be a problem.
Likely I'd simply halt trading prior to announcing closure. Closing down can be a messy business, someone is surely to be unhappy regardless of how it's handled, I simply chose the way that seemed most fair.
I'm attempting to clear my schedule to the point that I can attend the bASIC assembly festivities, but have been only marginally successful at this. Vacationing in NY in January isn't my idea of a great getaway from MI weather, but it's still a possibility. 
