Topic: [GLBSE] BFLS - Bitcoin Mining & Sales - page 14. (Read 17944 times)
In for this!
Subbed. Like the backing of actual hardware.
Indeed and shockingly it appears the shares are priced to reflect close to the actual cost of the hardware.
Subbed. Like the backing of actual hardware.
Got a lot of PMs on the subject, I will get to them soon - just got home and am dead tired, so I'll try to get all of them answered tomorrow.
like it
ditto.
watching
One week from yesterday will be the IPO. Depends on when my shipment of BFL units gets in as to how many shares I'll release at the IPO, but there will only be 10 units (2000 shares) outstanding at any given time, unless I increase my FPGA holdings dramatically. I plan on keeping a number of units in reserve for failure, mining, delays in shipments, etc...
I will likely be offering the same for MiniRig boxes and RigBoxes as well.
I will likely be offering the same for MiniRig boxes and RigBoxes as well.
Yet another excellent offering! Have you set a date, Inaba?
Bump
https://glbse.com/ipo/6
Initial offering of BFLS @ 0.7 BTC / share. BFLS is a public offering for stock in an FPGA mining company with the ability to acquire the mining assets at any given time. 200 Shares per BFL Single unit will be issued, with 30 (15%) being kept by the operator to cover operational costs, maintenance, and unit replacement. Units will mine at the operators facility/facilities, and dividends on the mining proceeds will be distributed on a weekly basis, split evenly according to the number of shares held. For example, if there are 200 total outstanding shares and weekly proceeds are 20 BTC, and you hold 50 shares, you will receive 5 BTC per week.
Any individual investing in the company may, at their discretion, transfer 200 BFLS shares to the operator in exchange for a physical BFL Single being shipped (CONUS only. Additional charge for international shipping.) to the individual. When a BFLS is redeemed, a new unit will replace the redeemed unit, and 170 BFLS shares will be offered at current market rate.
Should mining become unprofitable or other circumstances cause the operator to be unable or unwilling to perform his duties, sale of all hardware and equal distribution of funds will commence according to the number of shares held by each individual. Additionally, should a BFL Single be unavailable for immediate shipping, the operator reserves the right to refuse the 200 BFLS shares until such time as a unit becomes available.
Shares will be on sale next week. I will be releasing shares for sale in a controlled manner as the hardware comes online and begins mining.
Initial offering of BFLS @ 0.7 BTC / share. BFLS is a public offering for stock in an FPGA mining company with the ability to acquire the mining assets at any given time. 200 Shares per BFL Single unit will be issued, with 30 (15%) being kept by the operator to cover operational costs, maintenance, and unit replacement. Units will mine at the operators facility/facilities, and dividends on the mining proceeds will be distributed on a weekly basis, split evenly according to the number of shares held. For example, if there are 200 total outstanding shares and weekly proceeds are 20 BTC, and you hold 50 shares, you will receive 5 BTC per week.
Any individual investing in the company may, at their discretion, transfer 200 BFLS shares to the operator in exchange for a physical BFL Single being shipped (CONUS only. Additional charge for international shipping.) to the individual. When a BFLS is redeemed, a new unit will replace the redeemed unit, and 170 BFLS shares will be offered at current market rate.
Should mining become unprofitable or other circumstances cause the operator to be unable or unwilling to perform his duties, sale of all hardware and equal distribution of funds will commence according to the number of shares held by each individual. Additionally, should a BFL Single be unavailable for immediate shipping, the operator reserves the right to refuse the 200 BFLS shares until such time as a unit becomes available.
Shares will be on sale next week. I will be releasing shares for sale in a controlled manner as the hardware comes online and begins mining.
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