Also shouldn't this have been labelled as a public offering looking at the browse IPO
Topic: [HAVELOCK] AM100, a New Micro-share ASICMINER Passthrough! - page 10. (Read 18574 times)
Nice a new asset in Havelock
Also shouldn't this have been labelled as a public offering looking at the browse IPO
Also shouldn't this have been labelled as a public offering looking at the browse IPO
TAT Investments is happy to announce that ASICMINER shares are finally available within the Havelock Investments website!
Shares will be released in small waves at www.havelockinvestments.com/ at fixed prices, so if you see them sold out for some reason, just wait a little bit and I'll post more.
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AM100 represents a passthrough asset of fractional shares of the ASICMINER Mining Company. ASICMINER is a market leader in the bitcoin mining industry, creating various mining equipment for sale, as well as running their own mining farm.
Proceeds from ASICMINER mining farm and from the sale of equipment are distributed to shareholders as weekly dividends. This asset represents fractional passthrough shares of the underlying asset, receiving a proportional amount of dividends for each share.
AM100, an ASICMINER Fractional Passthru managed by TAT Investments
This is asset is being offered for the following purposes:
1. To provide an additional venue for investors to buy or sell ASICMINER shares more easily by splitting the shares.
2. To provide an easy way for ASICMINER shareholders to reinvest their dividends to maximize compounded interest opportunities.
3. To consolidate enough ASICMINER shares so as to reach 5,000 whole shares, thus increasing their inherent value with potential access to ASICMINER’s established and future board member benefits, namely any hardware opportunities ASICMINER provides exclusively to board members.
Shares
Each 1 share of AM100 represents 1/100th of a share of ASICMINER maintained and verified by either Friedcat or any officially designated exchange, and has rights to 1/100th of the dividends of a whole ASICMINER share.
Dividends
Each AM100 share has the right to 95% of its respective dividends. 5% will be retained for asset management fees. The amount of the dividend is defined as the same amount distributed by ASICMINER to the shares held by the issuer for this asset. Dividends will be paid within 48 hours or less of confirmed payments from ASICMINER.
Voting Rights
Any public votes presented by ASICMINER will be decided by the issuer for all asset shares at his own discretion.
Quantity and Source of Shares
Shares cannot be imported or exported by shareholders at this time, but shares can be freely bought and sold. Shares may be imported at will by the issuer alone.
Additional Dividends or Benefits from Board Member Status
Once the passthrough reaches 5,000 whole ASICMINER shares (500,000 split shares) it may receive a board member seat. If board member status is confirmed, and Friedcat follows through with the plan to give each board member a trial ASICMINER mining board, any income generated will be shares as follows:
85% of the mining income from any hardware given to this board seat will be paid out to the shareholders of AM100 on the same weekly dividend schedule ASICMINER currently uses. At the discretion of the TAT.ASICMINER issuer, these extra dividends may be distributed sooner.
NOTE: This passthrough exists on multiple exchanges (currently BTCT.co and Bitfunder.com as well), but acts as a single combined asset. Thus, the combined shares represented on all exchanges will count towards eligibility of an ASICMINER board seat, and associated benefits.
Reserved Rights
Issuer reserves the following rights:
1. To change schedule of dividends to be in line with any changes in schedule the underlying asset may enact.
2. To change the % of board mining profits withheld if expenses, like electricity, are not covered by the 15% portion being withheld.
3. To make changes to this contract that represent the best interests of its shareholders
4. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation.
5. To limit the total amount of shares allowed within the asset once it has reached 5000 whole shares (500,000 split shares).
Dissolution
In the event that the issuer chooses to, or is forced to, close this asset for any reason, the following methods may be used for dissolution in any combination:
1. A new operator may be vetted and chosen by ThickAsThieves to take over control of the asset.
2. Shares may be bought back from shareholders at a reasonable market value.
3. Shares may be converted to direct whole shares and redistributed to shareholder e-mail accounts with Friedcat.
4. Shares may be converted into equivalent whole shares on any other existing ASICMINER passthrough or exchange and redistributed to shareholders.
Links
Link to forum for underlying original asset: https://bitcointalk.org/index.php?topic=99497.0;topicseen
Link to buy this asset on Havelock: https://www.havelockinvestments.com/fund.php?symbol=AM100
Issuer Info
ThickAsThieves has provided identity information privately to Havelock Investments, as a gesture of good faith, and an avenue for emergency contact.
A “dead man’s switch” will be implemented in order to pass control of this asset to a safe secondary operator in the case of the issuer’s untimely demise or hospitalization.
ThickAsThieves makes no guarantees in the case of unexpected behavior of the underlying asset company or the decisions of ASICMINER and/or BITFOUNTAIN. This is only a passthrough, and the actions of ASICMINER will drive the definition of this asset in kind.
IRC: on Freenode, ThickAsThieves
E-mail: [email protected]
Shares will be released in small waves at www.havelockinvestments.com/ at fixed prices, so if you see them sold out for some reason, just wait a little bit and I'll post more.
------
AM100 represents a passthrough asset of fractional shares of the ASICMINER Mining Company. ASICMINER is a market leader in the bitcoin mining industry, creating various mining equipment for sale, as well as running their own mining farm.
Proceeds from ASICMINER mining farm and from the sale of equipment are distributed to shareholders as weekly dividends. This asset represents fractional passthrough shares of the underlying asset, receiving a proportional amount of dividends for each share.
Quote
AM100, an ASICMINER Fractional Passthru managed by TAT Investments
This is asset is being offered for the following purposes:
1. To provide an additional venue for investors to buy or sell ASICMINER shares more easily by splitting the shares.
2. To provide an easy way for ASICMINER shareholders to reinvest their dividends to maximize compounded interest opportunities.
3. To consolidate enough ASICMINER shares so as to reach 5,000 whole shares, thus increasing their inherent value with potential access to ASICMINER’s established and future board member benefits, namely any hardware opportunities ASICMINER provides exclusively to board members.
Shares
Each 1 share of AM100 represents 1/100th of a share of ASICMINER maintained and verified by either Friedcat or any officially designated exchange, and has rights to 1/100th of the dividends of a whole ASICMINER share.
Dividends
Each AM100 share has the right to 95% of its respective dividends. 5% will be retained for asset management fees. The amount of the dividend is defined as the same amount distributed by ASICMINER to the shares held by the issuer for this asset. Dividends will be paid within 48 hours or less of confirmed payments from ASICMINER.
Voting Rights
Any public votes presented by ASICMINER will be decided by the issuer for all asset shares at his own discretion.
Quantity and Source of Shares
Shares cannot be imported or exported by shareholders at this time, but shares can be freely bought and sold. Shares may be imported at will by the issuer alone.
Additional Dividends or Benefits from Board Member Status
Once the passthrough reaches 5,000 whole ASICMINER shares (500,000 split shares) it may receive a board member seat. If board member status is confirmed, and Friedcat follows through with the plan to give each board member a trial ASICMINER mining board, any income generated will be shares as follows:
85% of the mining income from any hardware given to this board seat will be paid out to the shareholders of AM100 on the same weekly dividend schedule ASICMINER currently uses. At the discretion of the TAT.ASICMINER issuer, these extra dividends may be distributed sooner.
NOTE: This passthrough exists on multiple exchanges (currently BTCT.co and Bitfunder.com as well), but acts as a single combined asset. Thus, the combined shares represented on all exchanges will count towards eligibility of an ASICMINER board seat, and associated benefits.
Reserved Rights
Issuer reserves the following rights:
1. To change schedule of dividends to be in line with any changes in schedule the underlying asset may enact.
2. To change the % of board mining profits withheld if expenses, like electricity, are not covered by the 15% portion being withheld.
3. To make changes to this contract that represent the best interests of its shareholders
4. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation.
5. To limit the total amount of shares allowed within the asset once it has reached 5000 whole shares (500,000 split shares).
Dissolution
In the event that the issuer chooses to, or is forced to, close this asset for any reason, the following methods may be used for dissolution in any combination:
1. A new operator may be vetted and chosen by ThickAsThieves to take over control of the asset.
2. Shares may be bought back from shareholders at a reasonable market value.
3. Shares may be converted to direct whole shares and redistributed to shareholder e-mail accounts with Friedcat.
4. Shares may be converted into equivalent whole shares on any other existing ASICMINER passthrough or exchange and redistributed to shareholders.
Links
Link to forum for underlying original asset: https://bitcointalk.org/index.php?topic=99497.0;topicseen
Link to buy this asset on Havelock: https://www.havelockinvestments.com/fund.php?symbol=AM100
Issuer Info
ThickAsThieves has provided identity information privately to Havelock Investments, as a gesture of good faith, and an avenue for emergency contact.
A “dead man’s switch” will be implemented in order to pass control of this asset to a safe secondary operator in the case of the issuer’s untimely demise or hospitalization.
ThickAsThieves makes no guarantees in the case of unexpected behavior of the underlying asset company or the decisions of ASICMINER and/or BITFOUNTAIN. This is only a passthrough, and the actions of ASICMINER will drive the definition of this asset in kind.
IRC: on Freenode, ThickAsThieves
E-mail: [email protected]
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