Someone is selling below IPO price again, I guess they were just waiting until dividends were handed out. Oh well, they will probably be sold soon, assuming no one else pulls out.
Any news on the motions, Tawsix?
It's no big deal, if potential investors want to invest directly in the company I have offered channels that allow for that to happen.
I have created two motions: one concerning the backup mining pool (motion id 15) and another concerning a recent development with another GLBSE company, DISHWARA (motion id 16). I have been in contact with dishwara, who issued the shares, and we have come to an agreement concerning his company: he no longer wishes to operate his mining setup and has agreed to transfer all of DISHWARA's assets to us in exchange for a number of SIN shares that is equal in worth to the number of DISHWARA shares that were sold from the IPO. In this way, he would receive dividends from SIN, which he would pay out as DISHWARA dividends.
The assets that we will receive are as follows:
4 nos. of MSI R6970 Lighting cards
2 nos. of MSI R5870 lighting cards
2 nos. of ASUS EAH5870 cards
1 Sapphire HD 5870(bought as used one)
3 Cooler Master SPG 1200W PSU.
1 4GB Corsair 1600 Mhz RAM
1 Intel i5 2400, 3.1 Mhz , LLA1155
1 250 GB Seagate Baracuda 7200 RPM HDD
6 Belkin gold series surge protectors.
4 cooler master 120 mm black fan
8-9 zebronics 120mm blue led fan.
21 nos. of 1x extender cables.
2 nos. of 16x extender cables.
& now in transit, 6 nos of 16x extender cables & 3 nos. of 1x extender cables.
1 AOC 19 inch LED monitor, 1 Microsoft PS/2 keyboard & 1 Microsoft USB mouse.
800 INR worth slotted angles.
1 4GB sandisk cruzer edge.
We'll be able to squeeze about 3.8 Ghash/sec out of those 9 cards. All told, we'll be giving DISHWARA 968 shares of SIN for these assets. He and I are waiting for the responses of our shareholders before going through with this, and working out the finer details until the votes are completed, so this is by no means a done deal. Please voice your opinions and concerns so we may discuss this issue at length. The vote ends on Monday, June 24, so we have the weekend to talk about it.
In other news, we have paid sharp 1.25 BTC for his work on the graphs! Thanks once again for your excellent work!
We have also ordered another rig, which should be here by the end of next week! This coming week I hope to be have us migrated to the new mining pools as well, so I'll be very busy in the coming days.