Saturday, 25 February 2012

Explanation of increase in IPO offer

I know the IPO sale has increased in value to 0.5BTC per share but profits have increased from the original plan of generating 27.7BTC a month for nearly £60 of electric to now generating almost 37BTC a month for around £25 of electric.  So the price of the IPO offer has gone up to match the profits on offer.  So once we have both BFL's (the first has been ordered) we should generate ฿36.97 having only to pay a predicted £25 of electric then all the profits are divided between the 1000 shares (currently 374 remaining at 0.5BTC each) and paid weekly.  The first dividend should be paid as soon as the first BFL (which I ordered yesterday) is delivered and run for a week.  I will let you know when I have a delivery date.  Thank you.  Matt.