Great.

Have AM ever released any financial information?

That's price not profit. Does anyone have an idea of their actual margins?

Nope. It ends today.

What?? That can't be correct. Where are you getting that information?

Am I correct in assuming that for every chip sold, an average of $0.50 will go towards dividends?

Ahhh I thought that was the share cap not the market cap. You might want to add an M before the cap, for shares still in IPO it's a little confusing

Also, something seems very wrong with havelock. If you compare the share capital listed to the shares sold there is a big discrepancy.

(10000x0.038) + ( 10000x0.0395) + (8769x0.041) + (215x0.0425) = 1143.6665 BTC
While the share capital on havelock is 1188 BTC

Assuming the following...

Week 1

-We have added no more units this week
-The total amount of shares sold will be 30,000

BTC Mined - 45.5
Dividend - 21.63
Dividend Per Share - 0.000721
Yield - 91.4% @ Share Price of 0.041

Week 2

-We have added the remaining 1GH/s
-Difficulty has gone up 10%

BTC Mined - 61.425
Dividend - 29.03
Dividend Per Share - 0.000967
Yield - 122.6% @ Share Price of 0.041

These projections are very conservative because of the following factors

Week 1

- I am not including any BTC mined before Friday the 9th
- I am assuming CryptX hasn't added any new units since Friday the 9th
- I am assuming the only coined mined is LTC
- I am using the higher current difficulty, not the average difficulty over the week

Week 2

- I am assuming difficulty will rise 10% in the following week when it has fallen slightly over the past week
- I have not included any new reinvestment machines when calculating BTC mined
- I am assuming the only coined mined is LTC

My actual projections for these weeks are more optimistic, but I'm not going to share those as publishing conservative estimates is always best. If I can get some alone time at the beach this week ill redo CryptX's original projections as they have far too many static factors and as such are linear in nature. they are also not relevant anymore as they use a number of outdated figures such as shares issued, difficulty, shareprice, hashrate and coin prices. They also do not account for a multipool average rate of return and there is also a pretty serious error that has been highlighted here but not rectified. Ill probably put together a few different scenarios relating to BTC and LTC's performance over the coming months to give a more varied overview

Hope you all have a good week,

Peaceeeeeee

Sounds like they are running out of capital to refund people. This is the beginning of the end for them I think.

I do this everytime, sorry.

Firstly, Peter, excellent response above. Really made me take a step back and rethink.

Until now..

They charge a 30 BTC fee?

Their largest stock by a mile is their own stock. This just makes them a huge Ponzi scheme no?

All this talk of failing stocks on havelock, when was the last time mpex listed a successful stock?

Maybe not a big jump. Divs were inflated this week because of chip sales, if we readjust the reinvestment percentage also, a div next week of 0.01 would be pretty good. But then we would have that consistently

I'm Personally hoping for some IPO news, we still have 18,000 shares that could be very well spent

But.. But... Millions of pounds traded each week? The largest stock on the exchange is the stock itself. There has been barely any new/good investments on it for years. The site itself looks like a high school project at best. I understand what your saying about time, but has anyone thought that there just simpily isn't enough money on the exchange to run away with? That they are trying to rebuild before doing a runner?

How many people here actually invest on that site? Seriously? Millions of pounds worth of people?

Sorry. I just don't believe it. Every red flag in my head is going absolutely bonkers

Because its their stock? It's allot easier to get away with?

Do you work with or are you friends with MP?

Are you actually Peter lambert or did you buy this account??

Sorry for all the questions but I can't for the life of me understand why you are recommending this exchange. You honestly think millions of dollars each week are traded in MPEx each week? Solely on the stock of the exchange itself?

Thanks for the lesson in grammar. The Internet is a much better place with people like you correcting everyone's English.

But seriously, is this like double sarcasm? I can't believe that you are serious

You honestly think the exchange where the only really active stock is the exchange itself is the most serious exchange? You've gotta be kidding.

And hold on, you think that volume is legitimate? You think people are actually investing in that site and the volume isn't faked?

Dude... Seriously?!!

Your being sarcastic right?

Your being sarcastic right?

These people are clearly accidentally clicking on the wrong IPO. No one would pay for a stock above price if they didnt have to, this isn't a charity..

In other news, the litecoin difficulty seems to be dropping like a fly and seeing our new machines online already only brings testament to the professionalism of the team behind this project.

It would have been nice to get the full 10GH/s online but that doesn't look like its going to happen which is a shame as buying seems to have slowed considerably

Anyways. I'm off on holiday. Peaceeeeeeeeeee

Nope. Next week.

This week should be slightly lower than last unless the chips were sold. but next weeks should be a record in the 0.12-0.13 range, but this also depends on how the reinvestment percentage is adjusted. If we go down to 50/50 then I expect a 0.01 dividend stabilised for the long term future which would be great. Keeping my fingers crossed that the remaining shares will be IPO'd so we can take another leap forward before stabilisation

Insert weekly BCMINE share buying FUD below.

Sell them on havelock.

They will go quick, the markets found its bottom