Topic: [EDIT] please deleted (Read 5250 times)

Guys did someone of You own more than 5% of Peta? in Peta discussion havelock posted that there was voting for changes in PETA and all shareholders with more than 5% was informed and did vote.

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Is it possible to get Havelock to freeze the funds in escrow and re-distribute them amongst all unique shareholders?  I.e. can we just execute the 110-or-whatever% buyback and save everyone from the rough fucking we're about to get come May 31st (or whenever ScryptX decides its done selling monopoly shares)?

If someone wants to go out the market on PETA is open!!!!

If you want to stay into mining, group buys. Their usually the most transparent and should give you a decent ROI if you pick the right one. At the moment, I'd stay out of mining. Difficulty is about to increase at a ridiculous rate.

Otherwise, darkcoins being doing me the business, considering its innovation I wouldn't be surprised if it approaches litecoins market cap soon. Keep an eye on dogecoin aswell, a drop like this should be followed by a rise soon. NXT is also pretty innovative, and reddcoin has promise as the new doge.

Otherwise, for securities, rockminer is looking undervalued and AM is about to release their first dividend in a few months. Should at least promote speculators to up the price until the dividend

Good luck!

ASICMINER - but it's not a new opportunity

The same as me:)

I'm still half stuck on Scryptx...

But still no other serious thing... I may be in the wrong corner to catch opportunities.

Guys,

Did You find new options to invest after cashing PETA?

So, shareprice is going eventually to dive... and at that point... you kill the golden egg chicken? Or are you implying that in that moment they will buy back?

(when I started talking about PETA before the project started, all my connections told me that mining was not providing benefit, mostly for preorders and difficulty raising. I agree on that, but I replied that PETA had:
1. existing pre-orders
2. board producing capabilities
3. a small power plant
4. facility to host more machines, hence more "luck" to get blocks mined frequently
5. reinvestment plan (and this was the key one. No single miner keeps buying more machines every 2 weeks. There is no ROI on 1 machine, but with multiple ones... maybe, reinvesting: maybe).

And now we have:
1. fucked up.
2. not enough.
3. yeah, the whole plant provides 1% of PETA needs... useless.
4. bravo. But then we go into pools, so "luck" factor can be disregarded for the time being.
5. nice fuck up. I proposed to reinvest more, taking the difference in the new fees cost. Downvoted. Hey, I subscribed to a plan where the fees were known. You reduce that cost... I would think that if we reinvest more, we could profit more. But short term investors disagreed. Result, Cryptx decides to take away 100% of dividends until he is satisfied. Because he decided to add additional machines to whatever was the initial plan.
It is really like: I know I promised you a sandwich today, but if you can starve today, tomorrow you can have a lobster. Just to then wait tomorrow and the scene repeats as the lobster provider didn't deliver.

I will not buy back into PETA until things return to normality. Honestly, shareprice... I don't give a shit about it. If the return is going to be higher than a WEEKLY 1%, I will consider it then. The single share price is a mental condition. I'm not buying shares, I'm investing BTC and get paid an interest in BTC. The single share thing is misleading most of the reasoning. Now I'm out. Sold at 0.072 making a decent profit after being purchasing all the way from IPO 0.05 to 0.09 in multiple moments. I'll consider PETA once things are cleared up and for the moment. However, the long term trust is completely fucked and I'll not hesitate a single second to invest somewhere else. Cryptx answering "Pffff" was the last drop. I'm not giving money (hard worked money) to someone who doesn't respect his customers.

)

Mike, you are one of the few people I met in this whole adventure that makes me thing that it totally worth doing it (and of course, the small profit I made).

Because they know shareholders arn't going to see a return and the shareprice is going to dive. Simple as that.

I'm still puzzled by this.

Assuming I want to have a full mining capacity of 2% of the network.
I have some (1%) power capabilities. Fine.
I need to buy shitload of machines... don't have the money, or not all of it. Going for IPO/Havelock.
With the system I put in place, I'm getting fees paid out that cover for costs. Plus making some decent profit.

So, the idea is working.

I'm letting shareholders profit, and I don't take part in it?
Of course Cryptx should buy shares. Actually, it should keep doing it, with the long term intent of buying ALL of them and get the profit themselves.

It is a long process, they still need shareholders money/funds to support... but... where is the problem in my thinking? If it is a profitable model, why keep selling it out?
The said they funded more than a million with their own money. Now most likely they have to buy shares... So what? I would buy shares of my business. Else why would I do it? Once you are done with external capital need, you want the thing to work for you. It may take 2-3 years, but long term... why not?

I think it's a step in the right direction, It's good they will now have exposure to their own actions, but they are just buying the shares off themselves. If the IPO didn't sell they would be short of allot of capital as they already brought the shares to then sell at the IPO... at a profit. All their doing now is trading the loss in capital they would have had if the IPO didn't sell with the shares they brought with that capital. Financially, considering the IPO wouldn't have sold, it's a win for them. But when the shareprice drops they are going to lose capital anyways. I think that's a plus. They will think twice about what they are doing now.

Speculation here, but I think they have already started buying this morning to give the IPO a kick start, hoping other people would jump on board. I wouldn't be surprised if some more large orders come in over the next few days from them to make it seem like a success, as they are going to have to buy the shares anyways, and generally, in their position now, its the smart thing to do.

It still doesn't take away from the fact that the reinvestment is going to kill the project no matter what. The price has to seriously adjust downwards before investors will see a fair return.

But yes, them having exposure is a win for investors. A massive loss for them, but a win for investors. Just be careful, they could just sell them on the market as soon as the IPO ends, causing such downward pressure that the price will overshoot its natural value.

Time will tell.

Good luck.

Mikemikemike, I respect your opinion and I'm glad you share it.
What do you think of the recent move by cryptx (purchasing the remaining shares of the IPO) ? You often blame them for not committing and having shares in their own projects. Does this reassure you ?

let's change all that, I'll be looking forward to dividends in 2 weeks time...

Yes, that is what it means ("This was thanks to a large extent to ...")

"in no small part" = thanks to
?

why mike is buying before ipo if he wanted to get out as well?

^ so it's turned from general (and understandable) discontent with the implementation of new strategies to calls of pyramid and, unexplained feelings of conspiracy theories? when it rains it pours

in the meantime I'll be looking forward to dividends in about 4-5 weeks time, what the share price will be, well that's another matter but I stayed to hope and believe™

Similarly I did the same and sold the night before the IPO. In no small part to mikemikemike, and I too am grateful. I have been with Peta since the operation moved to Havelock and I may get back in when the dust settles after the IPO, but for now it is nice that at this moment my funds are not tied up.

There seems to be more questions than answers. It would have been nice to have had an investor actually visit the data center as several offered to do and count the number of machines in operation, but strangely a couple pictures seemed to quite the demand for such a move.

A day after the Scrypt-X IPO two-thirds of the hashing power was going for investors, significantly earlier than projected, yet PETA has never come close to the promised amount of hashing power. This leads me to believe there is a lot more going on in the data center then what the management wants us to know.