Red Star Mining

Summary

Red Star Mining. A BitCoin Mining company.

Total hardware and wallet assets = ~$4,022

Accounts Spreadsheet - https://docs.google.com/spreadsheet/ccc?key=0Ap02rO_j4NLvdDB2cFRTS0ctVGRHRE5yQ2RfNUZFcUE#gid=0 - https://docs.google.com/spreadsheet/ccc?key=0AolvfZ07D-3SdHBuaGcxRUw3SEkwTzUyVXVqUzRPZFE&pli=1#gid=0

Chatroom http://webchat.freenode.net/ channel:RSM

Red Star Mining, a mining stock with strong +<90% reinvestment of profits into growth until such a time we are greater than 51% of the network and/or company staff can make a living wage off their RSM wages solely. All major decisions can be decided by motion apart from my (Matthew Holt) removal as Chief Operator and Chairman of RSM decisions plus operations. No motions can also be held on reducing the growth fund unless one of the two conditions are met above or the Chief Operator and Chairman agrees to it being held. A salary of 5% of profits will be used to pay RSM staff. To increase this payout it must be decided by motion with the proposal reach a majority of at least 51%. This amount of 5% can?t be reduced by motion unless more than 51% of RSM staff also agree. The Chief Operator and Chairman have the ultimate decision on employment of RSM staff unless a motion is held on the individuals sacking and reaches a 51% majority. All operating costs will be paid first then 5% of profits taken for RSM staff pay. Then at least 90% of the remaining profits will be reinvested into increasing RSM Hash-rate and/or into other strong growth/profit investments. The reminder will be paid out in dividends. With eventually the full amount for the dividend fund being passed through Pyramining and/or other suitable investments. So eventually the full amount earned by RSM for dividends will be passed through other investments before the full same amount eventually gets paid out into dividends. So as the total dividend payment remains unchanged. With the extra bonus income earned by the dividend investment fund investments to be reinvested in RSM growth. Any major shareholder can force a motion or any group of small investors with a combined holdings of at least 5% of shares unless the subject of the suggested motion effects one of the subjects of the two prohibited motions. Then if the suggested motion can effect one of the subjects of the two prohibited motions then its up to the chief operator and chairman on whether to run the motion. If RSM is forced to close (with the ultimate decision on that decided by the chief operator and chairman). Then all assets will be shared equally between all shares.

RSM's Pyraming - http://pyramining.com/faq#howdoesitwork - wallet donation address -1RsRSss66dbgpNmgSaF68YvaT35ev54S8 - RSM Pyramining referral links -http://pyramining.com/referral/pdbkm3gzr - and - http://pyramining.com/referral/mrga6kts8 - all donations and referrals will benefit RSM financially.

Sunday, 27 January 2013

Unclaimed accounts

Any accounts which have not been claimed by the time BFL ships will return to the asset and any dividends the unclaimed accounts would have received will be used towards RSM growth.

Thursday, 17 January 2013

RSM on BitcoinHub

RSM now has its own group with a forum on BitcoinHub - http://bitcoinhub.org/groups/red-star-mining/ - Please join up :)

Monday, 7 January 2013

Claiming your shares

Can all shareholders please check the spam/junk email folder for the email on claiming your shares on Btct.co

Wednesday, 5 December 2012

Asset holders list received

I've just received the asset holders list.

Saturday, 24 November 2012

Update

I'm still not sure if we can go public on btct due to legal reason. Although unlike Giga everyone who put a claim in will be paid and profit. If I am forced to do a buyback of any shares then I will pay a minimum of [btc]0.60 per share. So everyone who claimed will receive dividends until they have been paid [btc]0.60 per share (eventually). So everyone who invested doubles up on their investment. Then after everyone has had their shares are bought the equivalent amount coin worth everyone else who invested dividend would have been apart from my investment will be paid to charity from then on. These charity payments will be made public. Although it could take a while to rise the funds for a complete buyback. That course of action of the buyback is only one course of action for the future of many that I am considering.

Friday, 23 November 2012

Update about share claims

We may move to - https://btct.co - so everyone who has put a claim in should receive their shares in the form of an account on that exchange. All dividens from unclaimed shares will be paid into the growth fund to buy more ASIC's to increase profits and dividends. So far 50% of profits are going to be paid into the growth fund. Depending on how fast we grow I will be pushing for the growth fund to be increased up to 90% of profits. I hope you will all support me increasing the growth fund. As I see the rapid growth in dividends payments a lot more important than a larger but slowly dwindling dividend payment.

Tuesday, 20 November 2012

Possible good news for shareholders

Possible good news for shareholders - http://blog.glbse.com/issuers-being-given-shareholder-lists