https://cryptostocks.com/securities/114Ticker BAMM
Name B.A.M. Mining - Shareholder Driven
Listed on March 14, 2014 15:20
Owner
[email protected] Fee surcharge [%] 0.05%
Shares issued 600,000
Shares held publicly 39,402
Total dividends paid 0.0 BTC
Web page
www.bammine.com Security type Shares
Rating White
Description:
B.A.M.Mining – Shareholder Driven Hash Power.Intro:
The first ASIC Scrypt miners have been released, and new, more powerful appliances are set to hit the market in the near future. Most crypto enthusiasts understand that getting your hands on this step up in hash power early will ultimately be more profitable – but with this chance at great reward comes a substantial risk factor. The capital outlay needed for even a deposit on a pre-order is out of the reach of many crypto miners. Adding to this risk factor is the onslaught of new startup companies making promises but yet to put a product in a customer’s hands.
Project Overview:
B.A.M.M. is being developed to take the risk out of these new ASIC purchases with an offering that will not only let our shareholders in on the new ASIC hash power, but will also begin earning dividends from the time the IPO is announced. Our project plan is to be able to grow consistently, with ever increasing hash power, without having to dilute the shareholder value.
Phase 1:
- IPO release – 600,000 shares will be sold at 0.00005 BTC/share
- IPO will end prior to the end of March. If all shares have sold prior to this date and there is still an interest in the project, we may release new shares as it will not damage the initial shareholder investment. *After IPO close, B.A.M.M. will not release any more shares without the approval of shareholders.
- When IPO shares go on sale we will immediately splinter off 5mh/s of our current operation to begin mining for B.A.M.M shareholders.
Phase 2: (Will begin before phase 1 has ended)
- Start forum discussions among shareholders on which ASIC miners will be the best investment.
- Get approval for purchase by voting on Cryptostocks.
- Once funds become available, begin process of procuring equipment.
- Use remainder of funds to obtain hash power while we wait for product complete payment/delivery.
Ongoing:
The pool revenue will be split on a 40-40-20 basis.
1. 40% will be paid to shareholders in the form of dividends.
2. 40% will be placed into a procurement fund that we will reinvest to acquire more hash power without diluting shares.
3. 20% will be paid to B.A.M.M.’s parent company for maintenance, upkeep, power consumption.
Mining plans including speculative mining of new or potentially profitable currencies will be discussed in the forum and be approved by Cryptostocks votes.
We aim to be as transparent as possible, sharing all public wallet information, releasing quarterly financials, and integrating API’s to present a full view of our operation.
Visit our website at :
http://bammine.comVisit our forum at:
http://bammine.com/index.php/forumEmail Allen at:
[email protected]**Please note, I am not, nor is anyone currently on my team a web/graphic designer. But we would be willing to offer bounties to SHAREHOLDERS who would be interested in helping to develop our site and community.
****BONUS******
IPO Bonus
Upon completion of the IPO, B.A.M.M will reward shareholders with 5 weekly giveaways of .2 BTC. All shareholders who have their email listed on Cryptostocks are eligible for this contest. Winners will be announced every Monday for 5 weeks after the IPO flag has been lifted. Winner will be contacted via email with instructions on how to claim their award – this process is still up for discussion as we do not want to publicly disclose the email address of winners. - More info will be available in forum.
Ownership
These shares are not meant to represent any ownership of BAMM the company, or any of the BAMM owned hardware. The BAMM shares represent ownership of Hash power produced by BAMM owned hardware.