Topic: FPGA Mining Contract - page 15. (Read 38737 times)

Yep, in fact some of the IPO was sold this way. The problem is of course that I have no idea of knowing who you folks are. Still, why do you think the original investors should get first dibs on new shares?

http://www.youtube.com/watch?v=v3rhQc666Sg 

PCBs are printed circuit boards. Assembly means soldering the FPGAs and other components to those boards. When they arrive here, the only thing to do will be to mount the heatsinks and plug them in.

They are being manufactured in Colorado and will ship overnight here to California.


We do not plan to keep this information private, and I can't really think of any other private information that might arise in the future. In this contract and in the FPGA development project we're very interested in transparency. We consider this a community project and the more community involvement the better!


No, GLBSE doesn't provide any way to give certain shareholders the first rights to buy additional shares. In fact, there isn't even a way for me to know who the shareholders are! If there was a way, I suppose I could offer the shares for sale outside of GLBSE, and transfer the shares directly to your account, in an OTC trade. I don't see why you want to do this, though. Shouldn't everyone have equal rights to shares?

I suppose it will be helpful to announce in advance at what time the shares will be issued. A script could be triggered to issue the shares exactly at that time. Another way to do it would be for you to put in your buy orders in advance, and they will be automatically filled by the newly issued shares, if your buy offer is equal or higher than the sell offer.

I'm not sure what you mean by obligations. Do you mean like a bond? Why are you interested in this?

What is PCBs? programmable controller boards ?
The assembly here actually is packaging for transfer?


They will fly by plane? where manufacturer is located ?

If this is internal information - will the shareholders only forum be created ?

And I have two more questions unanswered in the thread above:
1) did you do something to create the right of the first hand for existing shareholders, when new actions will be issued
2) is it possible to issue obligations instead of shares

Dividends have been paid for the week of 11/14!

Another week, another payment for our loyal shareholders.

Total paid to 6000 shares: 5.19582123 BTC
Per share: 0.00086597 BTC

Also, a quick update on the status of the rest of the boards. Everything is moving and they are being built right now. The latest from the manufacturer is that the PCBs are finished, and they will begin assembly on Monday. We expect them to be here on the Wednesday after Thanksgiving, Nov. 30th.

Well, that was easy! And I just finished my weighted average script!

Oh well, charts.glbse.com only calculates weighted averages by time, but I think it makes more sense to base it on the last 200 or so shares traded when the daily volume is so low, so my script isn't for nothing.

If you're curious, the current weighted average from that calculation is 0.363716 BTC.

I told tcatm about it. He didn't even know, heh. Chart back up.

Wow, thank you both, Peter and brendio! That API link is perfect. I'll get right on a script to calculate some weighted averages!

It took me a while to find it, as my bookmarked links for the api were out of date, but this link https://glbse.com/GLBSE/api/trades/asset/FPGA.contract gives a list of all trades for the last 7 dates. You could import the data in a spreadsheet to calculate a weighted average, or write a script of some sort to do it for you.

I have no idea what's wrong with charts.glbse.com and it's been down for some time. You can always look at the FPGA.contract site for the last price, max bid, and min ask, which is pulled directly from GLBSE, not the charts site. If the charts site continues to be down, we could think about adding some additional info to our site.

Yes, if folks want to increase their relative ownership share of the cluster, by all means, buy some of the shares that are already offered by other shareholders. The lowest ask right now is 0.49 BTC.

If additional shares are released, the price will be based on a weighted average, which right now is probably near 0.49. Unfortunately, I don't know how to figure out the weighted average without the charts site, so hopefully it'll be back up before that time comes. Anyone know if this is possible to figure out by looking through the twitter ticker @GLBSE? As far as I can tell, that ticker doesn't give any indication of actual sales, only orders.

would it make you feel better if we all had half as many shares (3000 in summa) and the price was twice as high as it is now?

Anybody knows what is happening with GLBSE?
No charts available . I know that I can see everything with assets menu but charts are very helpful.

And to the topic. If you want buy shares then buy. There are many sell oferts. If new shares will be issued, price will be averaged from latest transactions, so propably higher then lowest ask on GLBSE. Correct me if I'm wrong.

Did you talk to mtgox about the possibility of shareholders privilege to buy shares before other people?
Is it possible to issue obligations instead of shares?

Wow, lots of discussion about this! Currently, there are no plans to release more shares. The motion on GLBSE is old and has already passed. Those additional 500 shares that were released raised enough money to buy an additional X6500 board for the cluster.

If additional shares are released it will always be to buy additional hardware, so the dividend per share should stay roughly the same. I think it makes sense to raise a motion to release some more shares after the 7 board system is up and running. This is expected to be before the end of the month.

I'll keep you all updated of any new developments!

As a stockholder I do agree as this would dilute the current worth of the stocks making every stock slightly less worth, the only reason I believe releasing more stocks is if the company needs more investment to expand or invest in more equipment. In that case the worth of the stocks will increase as there is more miners running

You can vote on the motion from within your GLBSE account, no?

Yes, i see your point

I cant afford buy these things so this is the best alternative. Maybe in the future but for now i like this

Well, you have 3760% more shares than I do.

I bet you would

I'll sell you a share for 10 BTC.