Ticker: TyGrr
Producing Virtual Scarcity at 10 Ghash/S +
Total shares 1,500 Company value $15,000
IPO: 450 shares. The shares will be sold for $10 USD per share. This is to keep the total company valued at $15,000 USD
The CEO (Goat) will keep the remaining shares as he has faith in TyGrr Techs future:)
What makes TyGrr tech different from other mining companies? The CEO (Goat) will offer to pay $US dollar cash for any share at anytime from anyone. The price Goat will pay will be 90% of the value of the assets of the Company. Therefor if bitcoin price falls in terms of US dollars the stock price of TyGrr will go up.
We are able to offer this protection in case of bitcoin fail because our mining rigs where made for quick resale as mid to high end gaming machines. We will be able to recover a premium for the machines as they are.
TyGrr will also be paying weekly dividend on the coins mined.
The only costs/fee that will be taken is a 5% fee on weekly profit to the CEO (Goat) for running the operation. Profit will be the value of all coins mined minus electric costs.
TyGrr Tech is currently mining! Our first Dividend paying week will start this Sunday at 16:00 Thai time. First dividends will be paid on the 29th of November at 16:00 Thai time.
I will be willing to send physical stock certificates to large long term investors. These certificates will only be valid if traded back to TyGrr Tech. I will also sell stock over the counter and move it to your GLBSE account if you would like to set a price and an amount before hand.
Who is Goat? Goat is Jared of the USA who currently operates in Thailand. He has studied both Computer Engineering (USA) and International Business Administration (Thailand). He is currently employed by the Thai Government and lives here with his wife and son.
Photos can be found here. http://s1081.photobucket.com/albums/j343/TyGrrTech/ This will be updated and many photos will be added ASAP!
TyGrr Tech Contract
Shares
1,500 shares shall be created.
30% or 450 shares shall be sold on GLBSE.
70% of the shares will be held by the CEO (Goat)
The CEO (Goat) has the right to sell up to 20% of the remaining total shares (300 shares) to raise capital if he wishes.
If the CEO (Goat) wishes to sell more than 50% of the total shares to the public a motion must be passed by the stock holders with 60% of the votes cast to get approval.
Dividend
Dividends will be paid weekly and distributed though the GLBSE site.
The dividend will be the total of all coins generated since last payment minus weekly costs.
Each payment will be made at approximately Tuesday 16:00 Thailand time.
If payments are delayed for any reason they will be sent as soon as possible.
CEO pay
The CEO (Goat) will collect a payment of 5% of the weekly profit. The profit will be the coins generated minus the electric cost to mine the coins.
Electric costs
The current rate of electricity is 4.09 Thai Baht or .1323 USD per MWH after all taxes. Electricity will need to be paid local in Thai Baht.
Weekly costs
Weekly costs will be the estimate of the electric used for the week.
This will be adjusted once the actual cost is determined by the electric company. Extra or less dividends will be paid the follow week to correct all imbalances.
Other costs
Other costs will be covered by capital gained by the sale of Stock. For example the maintaining of a future website or a new PSU will be paid for with bitcoin gained by stock sale capital generation.
www.TyGrr.com
The domain name is owned by and is the personal property of the CEO (Goat).
The CEO (Goat) will allow Tygrr Tech to use the domain name for the purpose of promoting the Tygrr Tech mining company.
Company value
The initial valuation of the company will be valued at $15,000.
As the company changes or expands the valuation of the company will change however all assets and liabilities will be listed publicly.
Cash for stock option
On demand The CEO (Goat) will buy back any stock using bitcoin, Thai Baht or US dollars for all shares at the set value of 90% of the value of the company. For example the CEO (Goat) would agree to buy back 100 shares of stock for $90 at the initial evaluation.
Bond
TyGrr Tech will take ownership of Goat’s Bond for the two mortgaged 6990s. After the loan is fully repaid the 6990s will become the property of TyGrr Tech.
Company value
The initial valuation of the company will be valued at $15,000.
Closing of the company
Once all assets are sold off for cash and the final dividend has been paid out the company “TyGrr Tech” will no longer exist.
List of original assets
2x 5770
7x 5830
16x 5850
1x 5970
2x 6990 (mortaged)
PSU
1x 650w
4x 700w
1x 800w
2x 850w
250W
all 80+ bronze or better (other than the 250w)
CPU
1x 555
5x 955
2x i3 2120
Motherboard
2x msi p67a-gd80 (3x 16pci 2x 1pci)
4x msi 870a-g46 (2x 16pci 1x 1pci)
1x msi (2x 16pci 2x 1pci)
1x giabyte ga880ga-ud3h (2x 16pci 2x 1pci)
RAM
16x 2gig DDR3
HDD
8x Samsung F3 1TB
Case
2x HAF-912
6x Case
8x DVD drive
Monitor USED
5x UPS
Fans for cooling
Power strips, PCI cables other odds and ends
Total value of the hardware $12210
Total cash on hand $3525
Total Debt 340 bitcoin $735
Total value of the company, $15,000
Original post on bitcointalk.org
Another mining contract doing well on GLBSE that pays regular dividends.
Recent 30 day volume at 79,00 shares value 219.93BTC TyGrr charts
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