Topic: Re: New IPO [GLBSE] [Bakewell] - Listening to you. Give feedback. (Read 402 times)

Sorry about the delay, yesterday got a little busy for me offline.
I got a friend add on facebook today and an email back from the GLBSE about the verification, they are just waiting for me to send in photo ID
Not sure if that means they will checkoff the stuff I have provided or if they will wait and update the checkmarks all at once.

And here is the updated contract. Will get this sent off to the GLBSE asap, will update the op once they accept it.

100,000 shares total
 
50,000 public shares @ .15
30,000 growth and maintenance  
20,000 founders stake

The shares will be released on a 5 : 3 : 2 schedule
For every 5 shares sold to the public, 3 will be considered active for growth and maintenance, and 2 will be sent to my personal portfolio.
This will keep the percentages proportional to funds raised while we grow

Total bitcoin raised: 7500
Market Cap: 15000

25,000 shares will be put up on ask @ .15
25,000 shares will be available through GLBSE private transfer, minimum 100 shares.

I will be offering investors the opportunity to receive an additional 10% bonus shares on purchases over 100.
These bonus shares will be awarded to them from my founders stake as a thank you for taking the first step with me.
Those interested in a purchase of 100 shares or more should PM me. The bonus is only available on the 25,000 shares put aside for private transfer.
 
I will be withdrawing BTC to purchase 7970 rigs every 2500 shares sold with the goal of hashing and paying dividends as quickly as possible.
Once the first 25,000 shares have been sold, the proceeds from the remaining 25,000 will be used to place an order with Butterfly Labs for a BitForce Mini Rig ‘SC’ (ASIC)
Upon arrival of the Mini Rig I will break down and sell the 7970 farm. The proceeds from this sale will be used to order a second BitForce Mini Rig ‘SC’ (ASIC)
Any available capital after the second Mini Rig order will be put into BitForce Single/Jalapeno purchases
*Reserve the option of purchasing equivalent ASIC technology from a BFL competitor should that become a better option for us
 
This plan of action will allow us to immediately begin mining and receiving dividends while allowing us to competitively upgrade to ASIC technology once it becomes available.
 
100% of the coins gained from mining will be paid out
Dividends will be paid on Monday and Thursday mornings before 12 Noon Mountain Time
My compensation will be received as dividends on my 20,000 shares

The dividends received on the 30,000 growth and maintenance shares, after covering monthly expenses,
will be put toward expanding our mining operation with the best available technology.
 
Bitcoin is an amazing opportunity and I look forward to building one of the top mining companies with you.
The future is uncertain and should we ever need to wind down and close out this asset,
 we will do so by liquidating the physical equipment at fair market price and utilizing the proceeds and any other BTC holdings to pay a final dividend.
 

https://glbse.com/asset/view/BAKEWELL