Until more information is provided, all of this is conjecture based on partial information. He has not stated that the funds from the first batch of May chips would be used future batches and the assumptions made after the financial post clearly conflict with the previous info from Jutarul. It's advisable to wait for correct information than to panic from the sporadic postings of a few.

Here's the direct shareholder list (current as of March 30th):

https://docs.google.com/spreadsheets/d/1Dy2BQlPn8cd9tyq9wQv7dciZCiWEjNzNvCgmaIcJAA8/edit#gid=0

If things were in complete disarray, would not the larger shareholders (who have significant BTC invested) actually voice their opinions and concerns to friedcat? Unlike the speculators here (hoping to catch cheap shares), they're still waiting. That should say something to the rest of us.

Well stated, if folks cannot understand grasp this concept, you have simply thrown away your BTC. friedcat did NOT pay 0.49$/G-0.99$/G to produce, rather that is price he is selling at. Those who acted irrationally by making unfounded associations to the numbers provided will soon wish they had not.

Much appreciated, as always.

I would ask for those who wish to be involved to be very careful in doing this. To be considered as a board member, all 5000 shares must be under one bitcoin address. When the group shares are collectively gathered under one address, the "representative" is considered the sole owner of ALL the shares (to friedcat) and will be treated similarly to the Havelock Passthru. Keep in mind as well that should friedcat be willing to go through with this during this busy time, it will require agreement from all parties before the group is able to split the shares back to the rightful owners again. We all want information on AM's current status and the next incoming dividend but understand the potential consequences (and headache) from this endeavor.

EDIT: Bitfair has already posted similar thoughts already. Jutarul has been forthcoming with all available information; as tough as it is, it's best to sit tight for now.

For those wondering, here is the running count of currently known large batch AM chip buyers/manufacturers:

1) ROCKMiner (Link)
2) HashRatio (Link)
3) Lightning ASIC (Link)
4) BTC Garden (Link)
5) XBTec (Link)

ROCKMiner is shipping:

https://twitter.com/RockMinerInc

He's a large batch chip buyer and potential franchisee, personally I don't mind.

Is their solo farm consisting purely of AM Gen 3 chips? Potential franchisees?

Another company using AM's Gen3 chip:

LightningASIC (link)

That puts the count at three, with RockMiner and HashRatio being the other two.

Are there any fellow Chinese investors that could translate that for us? Thanks in advance, should you do so.

ROCKMINER has competition!

Is that friedcat?

Will any IPO investor confirm?

Yes but as I said, this is an option for people actually want own some mining hardware (see above). From looking at the Mining Hardware subforum, there are plenty of USB miners and then there are small ASIC boards. This serves as another option for those people. Are you going to make a 10x return? No. Obviously if there is no demand, then the test run of the ~1000 units (~4000 chips) would be a failure.

Bitcoin awareness has grown over the past year. New individuals have now heard of Bitcoin and have a simple understanding of how it works. This product provides a low barrier to entry (less than $100, low power usage) for those folks to get their feet wet in the Bitcoin mining industry. This way, they do not have to risk thousands of dollars on a preorder that may or may not arrive. With its pricing in fiat, there is the opportunity to make ROI should BTC rise in value again (spoilers: it will).

It serves its purpose by exposing the brand with products in a sleek design and at an approachable price point, which is competitive with other offerings that have immediate delivery. For the enthusiast miners here and the like, it's unlikely to appeal to them. Friedcat will have the "high-end" covered through franchise mining (2.4 PH/s @ 1.2 MW) and large batch chip orders. Rockxie is initially focusing on the "low end" first with this and plans to ramp up with the next iteration.

Are you assuming again? There has been no information stating that the chips have been delayed.

The understanding is that dividends would be paid out after the first large batch of chips sold, which may be sooner than the previously mentioned date.

IPO was 0.1/share and ASICMiner has paid 0.6146 BTC a share so far. It would be about 6.1 BTC earned if you've held shares since IPO for 1 BTC spent. For their first year of operations, they averaged about 0.01/share a week.

Please explain how that "proves" that you're right? From what's been posted, there isn't anything that indicates as such. Have you heard the phrase "the absence of evidence is not the evidence of absence" before? In other words, just because it cannot be proven/verified, it doesn't mean it's completely false. Your own statements say "I don't believe that $50M will be invested into mining in 2 months." At this moment, we all don't know and everything that's been posted is only conjecture and nothing more. The majority of those in favor of AM do not have facts to confirm that those funds will be present when the hardware is available, just as you do not to verify your own claims. No one has been proven right currently, only time will tell.

These are valid questions but the responses may be limited. Keep in mind that by disclosing info to shareholders, it gives the competition a minor edge as they do not have to.

10.9 million chips @ ~10G = 109 PH/s by June's end.

Note: Only ~3 PH/s is scheduled to be retained for self-mining, the rest is to be sold or franchised to interested parties.