Take it to the AMC thread please, they run a questionable operation and I'd prefer that AM shareholders not presume it is a safe investment because it is being taken seriously here.

I haven't really taken a look at this asset until now, and I'm must say I'm baffled about why anyone would buy it. There are so many holes in the prospectus, and so much risk it isn't even funny.

1. Do bondholders own the equipment they are paying for?
2. Will there be any transparency for purchase prices? Proof of purchases?
3. Does the company have any assets or experience to justify such a large fundraising effort?
4. What pool will you mine on to prove your work?
5. Why on earth would anyone want to buy into stale BFL orders? Why order from any company that has not demonstrated reliable delivery?
6. When does mining start?
7. What's in it for Lab Rat?

I could go on, but that's enough for now.

You must be viewing a cached page. It links to the new full-share AM1 now.

Works fine for me.

This is not well-conceived. I suggest you reconsider.

Your "problem" is not a real "problem" currently, and your "solution" doesn't solve the "problem" anyway.

First, if an IPO is overpriced, people will still prefer to purchase via the secondary market.

Second, the Sandstorm "debacle" you speak of has no bearing on your argument. It was a simple case of wanton investor ignorance, and probably an asset that was too small to be IPOing in the first place. The ignorance led to extreme overvaluation, and the small size of the fundraising, allowed it to happen much more dramatically.

Sounds like an IPO that is overpriced, or not an IPO at all (like AMC).

Correct, and in that sense, AM has never crashed, nor popped. Yet, people use bubble talk every day for many bitcoin stocks.

Carry on man. If you persist, over time your gains will overshadow the error and you will see it as cost of business or cost of education.

Aim for 13000 coins, not 1300.

To be candid, Dooglus didn't ask anyone for advice on the matter.

He stated that his solution was to pay out of his own pocket, and there is no better way to learn a lesson than that kind of pain.

This will surely instigate him to improve his withdrawal procedure or programming if relevant.

Into AM1, or all of the TATI ASICMINER PTs, towards the total for board seat benefit sharing?

There is a problem with your heraldry spec:


This would place the shield off-center, sitting to the left. Should the shield area be wider, or the blue area?

Also, can these areas overlap if the designs work together. For example, if ornaments curve in kind with the tail of a beast, or a beast's paw rests against a protruding ornament on the edge of a shield? Or will these aspects be interchangeable, thus disallowing such schemes?

With difficulty violently rising the way it has been, there are only three reasons you might consider purchasing at the current market rate and expecting a profit:

1. If you think that the share price will stay high enough to sell at a profit after collecting dividends for a short term. While this has been possible for various timeframes in the life of TAT.VM, this is very risky speculation.
2. If you think that difficulty will stop rising at some point in the next few weeks/months. This is not the forecast, nor the consensus of the community.
3. If you think that difficulty will decrease, or continue to decrease sometime in the next year or so. This is rather unlikely, but I suppose there are some scenarios where something like this is possible, like bitcoin permanently forking, or become much less popular, etc.

In short, buying TAT.VM in the current environment, and under the current forecast, effectively means you are either betting against the difficulty rate, or speculating that the share price will hold longer than the yield % warrants.

Just popping in to say I also enjoy this thread.

Some old-timey Sunday reading for everyone: http://trilema.com/2012/lolvacute-pentru-posteritate/

Conversation includes conversation in IRC around the time ASICMINER was still trading at .1btc each.

"Ill trade you 2080 asicminer for 4160 obsi.abmo"

Just a quick update.

The first dividend for AM1 will be this week. The PT is up to a modest 250 shares in a few days 

We've got another 250 or so incoming via direct share imports. I've also successfully converted a few people from other PT whole shares without any issues.

I will sync up with James this week for an update on our fancy export form as well, but any manual exports needed will be facilitated either way.

Have a great week.

I had a conversation with PHM before this announcement. It looks like some of the details discussed were not included in the final version here. While I cannot speak for PHM, it was my understanding that the funds for the IPO will be owned by the shareholders under PHM, but that the current market value of the BFL orders and the GPUs will be deducted in order for the fund to buy the equipment and own it. He quoted the BFL value as what they paid for them in cash, but we did not discuss how they would determine the value of the GPUs.

PHM, please update the details to clarify that the fund owns money raised via the sale of shares, and what exact cost will be deducted to purchased the existing equipment/orders.

Oh! This caused either by variance (luck), or them testing/burning in new blades, or some kind of dynamic management of hashpower to try and stay at a certain % of nethash or total revenue from mining.

I have no idea if it's one or all of those things though.

I know BFL has behaved in ways like that, but I don't recall any exchange operators that do. Ah, wait, MPOE-PR can be rather biting, true.

I do agree that sometimes exchange operators and issuers, including myself, can be too informal at times. Some of us are responsible for managing millions of dollars worth in portfolio equity, and you are justified in wanting those representatives to act maturely and responsibly. It's something I try to think about as often as I can, but admittedly I can be susceptible to good trolling and frustrated with some forum "superstars" at times. Know that I am making an effort, and I assume people like Burnside, Ukyo, and Lightbox are doing the same. Even, Deprived, the Grim Reaper of bitcoin finance, can show emotion and lose a little control at times.

I have been running my own successful business for most of my career now, and my responsibilities have included interfacing with clients, customer service, and sales, even though those are not the core services I provided as a business. As the business grew, I was able to focus more on what I was best at, and leave the other aspects to specialists. In that sense, I think part of what you are seeing in bitcoin is small business style management and behavior, in an industry that has been traditionally one of big businesses. You'd never see things like the programmer being the CEO, PR, and CS rep for a financial service in the "real world".

There is plenty "wrong" with how things work right now, but I do think it's improving before our eyes. More transparency, scrutiny, and raising of standards will come, no matter how much kicking and screaming it takes.

The stock has been volatile for a while now. It's just that no one complains when it's going and up, up, up.