@Tiniebras
I'm not posting here for your enjoyment. I am posting here because this is the communication channel Tawsix opted to utilise for communication between himself and shareholders. I am "shouting" and "yelling" because Tawsix is refusing to listen to the shareholders.
Had I been given the information I have repeatedly requested, which I am fully entitled to as a shareholder faced with the question of whether the company I invested in be liquidated, I may well have voted for liquidation. Unfortunately, due to Tawsix's failings, I wasn't given that opportunity. No reason why that information is being withheld has been given by Tawsix.
I just want the figures required to perform an accurate calculation along the lines of what you made in your post below.
That is not unreasonable in the slightest.
Why should Tawsix ignore shareholders ?
Completely speculative post here, but just trying to get the ball rolling. If SIN were to be liquidated, I believe there are 13 rigs to be sold? As I understood it, these cost around $900 at the time of purchase. Accepting devaluation due to the riggs now being second hand, and slightly dated, would it be reasonable to see a return of $450 per rigg? If that were the case, that would mean $5850 dollars. I'm a little unclear as to how many shares are owned and by whom, but I believe that around 2000 shares were sold in the IPO, and so Tawsix should own another 2000?
If any of the above is correct that would mean liquidation would result in 5850/4000=$1.46 per share. So that would mean about 0.67 bitcoins per share? Which isn't a horrific loss from the original IPO.
Like I said, speculative post to encourage discussion...
