So we have to rebid? I am at work and having no way to bid. I thought this was going to start at 8:00 pm est. The plans have changed so many times. Do I need to just bid at .001 or higher?
only at .001, and as much as you can. only bid volumes count up till the cap, which is still unknown.
The amount of shares in the IPO remains at 7 million. Only the distribution percentage per investor varies with bid volume (this is how I understand it). Total share volume remains also unchanged at 10 million shares.
Don't understand what this means. Last night I bid 1000 shares at .001 for 1 BTC. What does this mean for me now?
It means that you will be included in the IPO. How many shares you get will be determined by how many people have bit at or above .001. All shares will be sold at .001.
If there are 20,000,000 shares on the orderbook at 4PM ET at or above .001, everyone will receive 35% of their number of shares on the order book at
20,000,000 on orderbook at or above .001
7,000,000 available shares
7,000,000 / 20,000,000 = .35
So, if you have an order for 1000, you will only receive 350 shares for
BTC.35