And now for something completely different.
SafeHash enters MOU with NxtGlaive for backing of 350,000 NXT.
SafeHash and NxtGlaive enter into MOU for backing loan. NxtGlaive will guaranty approximately 350,000 NXT of SafeHash Debt, in return for ongoing payments of 12,000 NXT per month interest and 12,000 NXT per month principal. All amounts will be recorded and transacted in NXT for accounting purposes.
Additional conditions demand the closeout of KPS as guaranty for the income stream.
What this means is that SafeHash can sell an almost unlimited number of shares into the market, however, KPS must immediately begin repurchasing all of it's shares. As a consequence, KPS will no longer issue a dividend, but use all existing capital to repurchase shares. The CEO of NxtGlaive is quoted as saying, "If this works out, we will strongly consider signing additional loan and guaranty agreements with SafeHash."