You guys realize, that the issuer automatically owns all unsold shares, right? No need to buy shares from yourself if you own them anyway.
This is incorrect, there is a very large difference. Unsold shares do not collect dividends, if he were to purchase the shares, he would receive dividends and would have a personal incentive to expedite the return of our dividends. The current reinvestment schedule provides a disproportionate benefit to the person collecting fees to run the mine while shareholders receive a small fraction of the mined bitcoins.
Also, unsold shares can be used for a later IPO where our trading could be frozen again etc.
| Reinvestment | Dividend | Fee |
| %90 | %10 | .25/kwh |
| %86 | %14 | .25/kwh |
| %82 | %18 | .25/kwh |
| %78 | %22 | .25/kwh |
| %74 | %26 | .25/kwh |
| %70 | %30 | .25/kwh |
| %66 | %34 | .25/kwh |
| %62 | %38 | .25/kwh |
Notice how in this scenario the ratio between reinvestment and dividends doesn't effect the amount he makes? If he were to be a large share holder, his incentives would be better aligned with ours.
edit to add one more thought...
Personally investing shows the rest of the share holders that he believes in the long term strength of the project. When he announced that he would personally buyout the remainder of Batch 1, that showed me that he felt that it was a good investment, knowing intimately the direction the mine was headed in. Without that investment, we are left to believe that our money may not be best placed in this security.
