A Message from the asset issuer @Focus
Ok guys and girls, the nitty gritty now:
So I have been looking this over and watching the markets for the past couple of months being in free trade. BurstMC and BurstCombo have pretty much stabilized in pricing with both trading at approximately 50 Burst per share. I feel that this is totally undervalued for what it is. Thus, my decision to move forward consists of the following: BurstMC and BurstCombo will merge in to this new asset described above.
Why?:
Well there are a number of reasons, such as:
Two different segments that complement each other and may struggle on their own
Ease of management of both assets, seing as they now have a combined website where all information is easily available and transparent for all to see
Mining on it's own is getting more difficult and block rewards are diminishing, not a good time for mining assets starting out or relying only on that.
New Revenue Segment via GPU Mining will add to the value by buying Burst off the exchanges
Current status:
The asset holds a vast variety of Burst Assets in it's portfolio, fees from Burst Mining Club Pool, and the following miners: BurstMiningClub Miner, Focus3, Focus5 and BurstCombo Miners. They will all be renamed appropriately in the next days to reflect their new positions. The asset also currently has 2 Million with a private investor that has been bringing in a constant 2.5-4% weekly return
Future Plans:
For the miners, I will be bringing them up to 100TB for BurstMiningClub Miner, 80TB each for Focus3 and BurstCombo Miner for a total of 320TB (near future) with further expansion to be discussed/revealed in later posts.
Investment fund will be doubled to 4 Million Burst
GPU mining segment will be put into place with input from crowetic and IceBurst on which coins are to be mined and sold to buy Burst.
Hardware on it's way for the GPU miner is: 3 XFX 370s, 1 MSI 370, and 1 XFX 380 GPUs
How is this all going to go down?
Flex asset has been released and orders have been placed as follows:
100,000 Assets at 50 Burst each which is current trading value on both assets
1,200 Assets per price tier from 51 Burst until 70 Burst
1,800 Assets per price tier from 71 Burst until 90 Burst
2,500 Assets per price tier from 91 Burst until 100 Burst
Initial release set to generate the funds needed for current upgrades to all segments and the tiers for price discovery.
I chose to go this route to give all of you, the investors, the chance to set the price of the asset. Any abuse of this system will be adjusted re accordingly.
Fine Print:
This will run for the next few days, at minimum until next Tuesday's Youtube stream where I will explain things further to everyone that has tuned in and may have questions, and probably will go for a full week to ten days in price discovery. After that accounts will be setup where everyone will be able to trade in their current BurstMC and BurstCombo assets for Flex.
Taking this route also gives investors a fair chance to see the information and respond accordingly without haste or any financial loss. Feel free to keep trading if you like but after the swap out date, dividends will be going only to the new Flex asset.