Then when we got word that the chips didn't quite spec out as well as anticipated, but we still saw 2 huge IPOs of former AM chinese shareholders still get pushed through to the public. That shouldve been the biggest red flag.
I only know of rockminer which is currently selling hardware. How exactly is this a red flag? Everything that TAT insinuates in that chat long aligns with the narrative that AM is going to be bled out by rockminer, xtbec, and any other franchised buyer of those chips.
How exactly can AM be "bled out" by its customers? come on, you're smart. I dont have to spell it out. Consider any landscape where FC et al. want to wash themselves of AM's shareholders. Please do spell it out for me. I have no idea what kind of situation you are imagining. how about this: consider if friedcat et al. own rockminer and xtbec. First of all that is simply not true and can be proven to be false. Second, why would it matter? If AM is selling chips why should we care who is buying them? Do you really think FC owns any of the known 4 companies manufacturing hardware using AM chips? |
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Then when we got word that the chips didn't quite spec out as well as anticipated, but we still saw 2 huge IPOs of former AM chinese shareholders still get pushed through to the public. That shouldve been the biggest red flag.
I only know of rockminer which is currently selling hardware. How exactly is this a red flag? Everything that TAT insinuates in that chat long aligns with the narrative that AM is going to be bled out by rockminer, xtbec, and any other franchised buyer of those chips.
How exactly can AM be "bled out" by its customers? come on, you're smart. I dont have to spell it out. Consider any landscape where FC et al. want to wash themselves of AM's shareholders. Please do spell it out for me. I have no idea what kind of situation you are imagining. |
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Then when we got word that the chips didn't quite spec out as well as anticipated, but we still saw 2 huge IPOs of former AM chinese shareholders still get pushed through to the public. That shouldve been the biggest red flag.
I only know of rockminer which is currently selling hardware. How exactly is this a red flag? Everything that TAT insinuates in that chat long aligns with the narrative that AM is going to be bled out by rockminer, xtbec, and any other franchised buyer of those chips.
How exactly can AM be "bled out" by its customers? |
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so...... i was there. it was in fact a stand from them with a "bit coin miner prototype" it was not on and you cannot test it, of course they didn't have any script prototype and to be honest the guy there didn't seem to know much about the product. he said the first batch will be delivered on july and still they don't have a machine to show or test..... and they have this "offer" buy 1 and get 2 of the 250Mhz machines....
i don't know all looked fishy to me....
I agree - spend a bunch of money to get a booth at a show and dummy up some bx just to rip people off... LOL I'm not saying it's fake or real but operating under the assumption that people won't go through extraordinary effort to run a scam is ignorant. LOL  You do realize they would only need to sell like 1 machine to cover the costs of a booth + an empty server case right? Maybe you are the one who needs to get your head out of the sand. It makes no sense that a they would spend millions to bring this asic to life yet are incapable of showing anyone a prototype that has been working for weeks now. |
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Feel free to point out any of my posts where I have been wrong.
Uses straw man's argument = therefore, can "never be wrong"  wat Each time I called a fail, it failed. Granted, the odds were stacked in my favor, since almost everything out there is either a scam or just some incorrigible child role-playing bznz, but nothing unfalsifiable about my predictions Smiley Staw mans arguments + 9/10 odds of guessing correct by calling everything a scam = legitimately the smartest person on this forum. Care to enlighten us on how asicminer is a scam? |
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In addition to this, the reality of the entire board of directors not being aware of this and then also not acting out on it is extremely unlikely. A complete change in ownership may be possible to pull off from the perspective of a BitcoinTalk forum account, however to convince / trick / bribe the board of directors that this change happened and not verbalize this information sounds more like fantasy.
And how could they know? AFAIK ASICMINER is a virtual company, doesn't really exist officially. Bitfountain is the real company, and it is not publicly traded. Are you aware that the so-called "board of directors" do not really meet face-to-face? I'm not sure exactly how they communicate, but you are assuming there's a "real company" behind all that, while there isn't. Nothing is "verbalized". How do you imagine FC would be able to pull off such a conspiracy? Do you really think the CEO could change without a single leak from one of his friends, family, business partners (don't think I need to remind you there are a lot), board members, employees or basically anyone who knows his real identity? We are talking 100+ people that would need to keep this secret. Can we please stop entertaining this as if it is more than fantasy? |
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"friedcat" is just an account with no RL name attached, Bitfountain could have easily changed account's owner down the line. That's simply bullshit. Just because you don't know FCs real name doesn't mean nobody does. |
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...
If getting over 600% profit in dividends already is getting scammed then feel free to scam me.
Don't be absurd. Every scam must have bait. - AM raised $200,000 in IPO - AM paid out 500% in divs in btc (when btc value went up 5000%) - AM does $4,000,000 usd worth of sales last month - AM now has $9,000,000 in assets Clearly a scam. |
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You still don't get it. You dove, head first, into the septic pit known as Bitcoin securities. Shit brewing everywhere.
How is it you're still surprised by this, when it is so obvious to us mundanes?
700 posts in 3 months and every single one consists of nothing more than "this investment is shit". If you think this is a septic tank why do you spend all your time here? Is your life really that boring? |
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share in AM costs less than an R-Box..
Just watched someone dump 500+ shares at once. Weak attempt at market manipulation (or bad trading at the least) Who even keeps 500+ shares on havelock? |
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Bitcoin-assetts predicts every bitcoin stock is overvalued. Even a broken clock is right twice a day. 12:30:31 skinnkavaj:ThickAsThieves: According to latest questions it seems that they are on track on delivering 102 petahash to the network in 3 months
12:30:47 ThickAsThieves:on track by what measure?
12:30:50 ThickAsThieves:words and dreams? Here's proof TAT is just talking shit as usual. Having just sold ~8PH I would say AM is quite on track. It's too bad TAT had to become an egotistical douchebag and join the cult of bitcoin-assetts. Funny how none of the cultists from bitcoin assets will ever admit that every single stock on mpex is overvalued. Overvalued is the wrong word since market manipulation determines the price, not the free market. |
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18) Can you please care more about your shareholders ? I'd change that to "Can you please communicate more clearly/frequently with shareholders". Also something to add: What is the average production cost per chip? |
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Fuzzy financials.. hmm sounds like a Ken Slaughter move.
Selling almost $4,000,000 worth of hardware is definitely not a Ken Slaughter move. Keeping profit away from shareholders is. But that has never happened. They spent $6,000,000 and earned $4,000,000. The same people complaining about not receiving divs from selling 700k chips, are the same people who would complain if he had given out divs now(reducing reinvestment) and not been able to sell 3m chips next month. You can have one or the other, not both. That is the only reason why financials would be fuzzy in the first place. It's only fuzzy if you can't read them. What part confuses you? |
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Fuzzy financials.. hmm sounds like a Ken Slaughter move.
Selling almost $4,000,000 worth of hardware is definitely not a Ken Slaughter move. |
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As you guys should know already, deleting posts doesn't make the trolls go away. In fact it does the opposite.
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but I think AM's potential for divs at current share prices isn't exactly rosy.
I see huge potential especially at current share prices. If AM can sell 70PH (as forecasted) in batch 3 that would earn about 60,000 btc or 0.15btc/share. |
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So selling 10% of the network hashrate and having another 20PH worth of hardware to sell along with loads of assets = worthless?
So the money from the sales got reinvested into more wavers? All of them? Yes that is what it looks like. Another way to look at it is AM bought 28PH worth of wafers, sold 8PH to cover production costs, and is now left with 20PH. |
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The king is dead.
After reviewing the financials I can't see how they can ever come back after letting themselves sink for so long. How do you go from being the only person with the technology in the world and constant 25% of the hash power to essentially a worthless junk stock in a matter of months.
How sad.
Glad FC and friends got rich but he should be ashamed of himself for letting it slip so far before trying to bounce back.
So selling 10% of the network hashrate and having another 20PH worth of hardware to sell along with loads of assets = worthless? |
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about that infinite loop of reinvestments, how can you explain this (one month ago) : The dividend schedule will be aggressive, as AM will not require large sums of retained capital. The rationale is that AM doesn't need to invest large sums into infrastructure and that the majority of chip production costs will be covered by the business partners on a contract schedule. The new round of dividends are scheduled to begin as soon as the first large purchases have concluded and should precede or coincide with the publication of the updated financial statements.
Let's just write another round of questions. FC said, that he will glad to answer them. This is just speculation but I think FC was expecting the chips to arrive 1 month earlier and with much better specs which may have cost us our "aggressive dividends". However I think the "no large sums of retained capital" is somewhat of a misunderstanding. It is simply impossible to sell $25 million worth of chips without spending a few million to produce the wafers. But yes I do agree it would be a good idea to write up another round of questions. |
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so he just paid all income from batch 1 for producing batch 2, and all income from batch 2 will be used for producing batch 3 etc?
Yes, that is how I am guessing it will happen. If we guess batch 2 is 20PH being sold at $0.5/gh that would earn ~$10,000,000 which would be enough to purchase 50PH worth of wafers which could then be sold for $25,000,000.
Basically turning $4 million in to $25 million.
*Numbers are extremely approximate but I think it shows why reinvestment is a good idea.
I think the question is, have we entered in an infinite loop of reinvestments, or someday those gains will be paid as dividends? What happened to those aggressive dividends? It wouldn't really be an infinite loop of reinvestments in my made up scenario since the reinvestment amount would be doubling per batch. |
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