[CryptoStocks] ::GREEN:: GreenBTC - Making the Bitcoin Green - page 6.

RandomQ

hero member

Activity: 826

Merit: 500

Quote from: rdponticelli on June 03, 2012, 11:05:39 AM

Quote from: RandomQ on June 03, 2012, 12:09:15 AM

Going to start selling shares every Sunday to the highest bidder. First sale will only be 1 share out of 2 issued. So the lucky bidder will get 50% of this dividend payment.

Strange way of doing it. It will still start on August?

Nope

First share is going to be sold today(sunday)
Next week most likely 8 shares are going to be sold.
and slowly ramp up the number of shares each week

Raoul Duke

legendary

Activity: 1358

Merit: 1002

Quote from: EskimoBob on June 03, 2012, 12:15:23 PM

You second largest asset is a completely useless slab of shiny plastic with a half eaten apple as a logo?
Why not buy another card for your rig?
http://img51.imageshack.us/img51/9291/snapshot77green20120603.png

Quote from: RandomQ on May 27, 2012, 04:33:57 PM

...

Also I'm throwing my ipad into the company, to add a little more value to the assets. lol

...

EskimoBob

legendary

Activity: 910

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Quality Printing Services by Federal Reserve Bank

You second largest asset is a completely useless slab of shiny plastic with a half eaten apple as a logo?
Why not buy another card for your rig?

rdponticelli

sr. member

Activity: 325

Merit: 250

Our highest capital is the Confidence we build.

Quote from: RandomQ on June 03, 2012, 12:09:15 AM

Going to start selling shares every Sunday to the highest bidder. First sale will only be 1 share out of 2 issued. So the lucky bidder will get 50% of this dividend payment.

Strange way of doing it. It will still start on August?

RandomQ

hero member

Activity: 826

Merit: 500

Using GPUs ,XFX 5770 because the power requirement works very well with the solar system that my CTO helped me design.

Gladamas

sr. member

Activity: 294

Merit: 250

Bitcoin today is what the internet was in 1998.

So you aren't using FPGA, are you using GPUs or ASIC? What kinds (models)?

RandomQ

hero member

Activity: 826

Merit: 500

Going to start selling shares every Sunday to the highest bidder. First sale will only be 1 share out of 2 issued. So the lucky bidder will get 50% of this dividend payment.

Also added a google doc spreadsheet for all the accounts/income,etc

https://docs.google.com/spreadsheet/lv?key=0Ak1NqDefdzk2dDRTVXU3ZXJvQTgtUm1jcXdFQk1hRXc

BinaryMage

hero member

Activity: 560

Merit: 500

Ad astra.

Quote from: rjk on May 28, 2012, 07:50:33 PM

Most buyback clauses specify market plus a percentage, not market minus a percentage.

I think all excepting TYGRR-BANK, which was a special case. (and not a mining company)

RandomQ

hero member

Activity: 826

Merit: 500

Quote from: rjk on May 28, 2012, 07:50:33 PM

Most buyback clauses specify market plus a percentage, not market minus a percentage.

It wasn't a buyback clause I was trying to do,more of like an CEO stock option.

But Never Fear I have removed it from the bylaws.

I also did some minor tweaks.

Payout is now
50% Growth
40% Dividend
10% Operating Cost

rjk

sr. member

Activity: 448

Merit: 250

1ngldh

Most buyback clauses specify market plus a percentage, not market minus a percentage.

BinaryMage

hero member

Activity: 560

Merit: 500

Ad astra.

Quote from: RandomQ on May 28, 2012, 07:45:01 PM

Quote from: BinaryMage on May 28, 2012, 07:36:30 PM

Quote from: RandomQ on May 28, 2012, 07:16:45 PM

I changed that line in the bylaws to read.
"The CEO will have the right to purchase future shares Issued at 25% below 30 day average sale price"

How does this sound? Better solution?

Same problem, I'm afraid.

I'm not entirely clear on the point of that clause in the first place. Why exactly should you have the right to buy future shares under market value?

Ok, let me see what the other assets do and we will most likely just get rid of this.

Some have a small operator cut of profits, some just have the allowance of shares to the operator.

Some only issue a percentage of the company value (and thus profits) on GLBSE in the first place.

RandomQ

hero member

Activity: 826

Merit: 500

Quote from: BinaryMage on May 28, 2012, 07:36:30 PM

Quote from: RandomQ on May 28, 2012, 07:16:45 PM

I changed that line in the bylaws to read.
"The CEO will have the right to purchase future shares Issued at 25% below 30 day average sale price"

How does this sound? Better solution?

Same problem, I'm afraid.

I'm not entirely clear on the point of that clause in the first place. Why exactly should you have the right to buy future shares under market value?

Ok, let me see what the other assets do and we will most likely just get rid of this.

BinaryMage

hero member

Activity: 560

Merit: 500

Ad astra.

Quote from: RandomQ on May 28, 2012, 07:16:45 PM

I changed that line in the bylaws to read.
"The CEO will have the right to purchase future shares Issued at 25% below 30 day average sale price"

How does this sound? Better solution?

Same problem, I'm afraid.

I'm not entirely clear on the point of that clause in the first place. Why exactly should you have the right to buy future shares under market value?

RandomQ

hero member

Activity: 826

Merit: 500

I changed that line in the bylaws to read.
"The CEO will have the right to purchase future shares Issued at 25% below 30 day average sale price"

How does this sound? Better solution?

RandomQ

hero member

Activity: 826

Merit: 500

I might be switching the IPO, to an auction style where only 500 shares a week will be sold till all the shares are sold.

That way I can do a soft opening and show that the company can provided on time payment.

I will updating the balance sheet today with the GPU's that we have purchased.

I'm also going to change the rigs that are currently free leased to company owned.

Also I'm throwing my ipad into the company, to add a little more value to the assets. lol

I've been really busy this past two weeks trying to raise funds for adding solar array #1.

RandomQ

hero member

Activity: 826

Merit: 500

Quote from: BlackBison on May 22, 2012, 10:19:42 AM

Taken from the website Bylaws:

The CEO will have the right to purchase future shares @50% Current Market Value.

Clarification of what this means please.

Since the issue future shares is set at 81%, and I can't sell more than 1% of my shares per week and I take no salary.

I would like to reserve the right to purchase any future shares issued at 50% below market value.

I will rewrite that section to make it more clear, thank you for pointing that out.

RandomQ

hero member

Activity: 826

Merit: 500

Quote from: PsychoticBoy on May 22, 2012, 10:13:08 AM

Hi RandomQ,

What will the initial share price be on IPO release?

Is there a pre-IPO sale?

Greetz

Initial share price will be .01 BTC

As of right now there isn't going to be a pre-ipo sale.

BlackBison

sr. member

Activity: 250

Merit: 250

Taken from the website Bylaws:

The CEO will have the right to purchase future shares @50% Current Market Value.

Clarification of what this means please.

PsychoticBoy

donator

Activity: 1890

Merit: 1010

Parental Advisory Explicit Content

Hi RandomQ,

What will the initial share price be on IPO release?

Is there a pre-IPO sale?

Greetz

PsychoticBoy

donator

Activity: 1890

Merit: 1010

Parental Advisory Explicit Content

I only use Windpower, so i am a ECO miner too Cool

.
Good luck with your ECO mining farm.

Greetz

Topic: [CryptoStocks] ::GREEN:: GreenBTC - Making the Bitcoin Green - page 6. (Read 8840 times)