Not my intent to make a cluster of it, but a company run DRIP would be attractive by offering treasury shares, but would require another motion since all IPO shares are issued. Just a thought to retain a growth fund with minimal dilution. And naturally fractional shares are not an option.
I'm opposed to treasury shares and would vote against such a motion were I to raise one. There's a growth fund built into bASIC-MINING's contract as it stands, so there's no need to gum up the works. The growth fund(or Reinvestment Fund) was suspended by shareholder vote on 12/29/12 after delays to the original ASIC hardware shipment prompted me to raise such a motion. The section of the contract covering the growth fund and the motion that suspended it are as follows:
70% of all revenue generated by bASIC-MINING will be distributed to shareholders on a daily basis. To ensure that bASIC-MINING can continue to grow and remain competitive as the BTC network grows, 30% of mining revenue will be held in reserve to purchase new hardware.
https://bt.irlbtc.com/view/130982.0Motion to suspend the 30% Reinvestment Fund contributions and instead disperse
the funds as daily dividends to shareholders, until such time as the company's
pre-ordered bASIC01 mining unit arrives. At such a time the 30% Reinvestment
Fund would be reinstated as per bASIC-MINING's contract.
https://bt.irlbtc.com/view/130982.msg1423888#msg1423888While we could wait until the sun burns out to receive our bASIC01 mining unit(...and remain empty handed...and cold), we have received nearly twice the hashing power it would've provided had BTCFPGA not gone south.
Cheers.