I disagree. He does owe the investors information about the status of the company since we own the company. It's just that he decides how long he waits before telling us what's going on with AM. If he set a schedule of updating shareholders every quarter on a specific date then I think that would ease a lot of people's concerns. He used to be on the forums weekly. Now we don't know if we will hear from him tomorrow or in 6 months from now.
He is actually ignoring shareholders of the company and the board members haven't been much better which makes me think there is a lack of communication between Friedcat and the board.  There needs to be a regularly scheduled update from Friedcat with financials.  He can reveal as little as he wants I guess but knowing he is alive and hasn't disappeared with our money would be comforting.

I get that this is a bitcoin company but there is a reason why reports are required by the SEC. Friedcat has always seemed like a trustworthy and honorable person. I expect him to treat his shareholders fairly. Please improve relations.

Every Wednesday I come back to this thread hoping that today will be the day that divs come back. Wednesdays used to be a happy time with Lophie boasting about dibs providing fuel for his jet yeah right...

Oh well I still believe dibs will resume because Friedcat said so but it would be nice for a goddamn update so I wasn't basing my belief off of a statement he made months ago. Things change fast.

Shit like this...
Come on everyone. I get that it's a free shot at nitro to come on here and complain, but it just makes you look like whiney cheapskates. This isn't poker stars it's a small bitcoin sports book.

Nitro keep rolling it out as you can. These suckers will keep coming back to bet sports no matter what they say. Cloudbet seems way more scammy to me and you guys have always treated me fair.  Go nitro.

This is beyond hilarious:

I don't speak Chinese but I'm guessing this is "can I mine on a pool" "our mining machine is not directed to any pool"

I am still holding and even adding to my position but Friedcat really has shown a total disregard towards communication with shareholders and setting any sort of solid goal or update.

I just don't get why Friedcat can't acknowledge that he missed his target of dividends by end of August and present a new target or goal that will be accomplished by a certain timeline. It's pretty absurd to give a goal to shareholders, have that date pass, and not provide an update or revised forecast.

Friedcat, you're responsible to shareholders. Please start giving a little more information so were not just blowing in the wind.

No one seems to mentioning that a large number of chips supposedly went to franchise partners. I'm willing to bet that what AM is mining on bTCguild isn't all of their mining income.

Does anyone have a good estimate of what sort of margin AM could achieve at various electricity costs? I'm not too good at figuring that out and it would be helpful to try to figure out what shareholders could expect from mining income.

So I guess no dividend in August... 

Weren't a lot of the chips originally sold in Fiat so shouldn't we have Fiat reserves to handle expenses right now? I'm all for taking a large share of the network even at low profitability if it means we price out competition to give us a better footing when the price increases. That said I still want divs. 

With all of the franchise hash power coming online soon, this might be the perfect time to introduce an AM low fee or no fee mining pool open to the entire world. The franchisee hash power would instantly give our pool a large share and it could provide additional revenue in a low fee model and would definitely get the AM name out into the public a bit more. The important thing would be providing an alternative option to ghash.io. If AM balanced out the mining share Eco system I'm sure r/bitcoin would go nuts with praise for AM.

I'm asking a lot of questions today! Can someone explain why this is good news? If our next gen chip is going to be open source then how do we have any advantage as far as producing the chip? Can't anyone use the open source designs to produce the chip itself? Pardon my ignorance on this subject.

From the link posted above that 20ph goal is long term. By the time that's up and running our franchisees would have 10% or under of the total network. How big of a facility would AM or it's franchisees need to deploy this much hash power?

With 3ph solo mining shouldn't we just use a mining pool to stabilize returns I realize the overall gain is higher solo mining but with around 1% of the network it seems like it will be feast or famine self mining which may cause cash flow problems.

I've seen some people saying that it'll be great once AM gets its self mining going again. What is a realistic amount of PH that AM can get online? What percentage of the network do we think it will be by the time it's up and running? I seem to remember a figure of 30 ph from franchises.

So was the last cash flow statement ending on Feb 28 or did he just start his reporting from then? I can't seem to remember seeing one can anyone else? If not what happened in the mean time?

We really won't know what sort of BTC or Fiat AM has reserved for the chip orders until the financial report comes out.  It could be that was the largest order AM had funds for or it could be a capacity issue at the foundry where they make the chips. I don't know anymore than anyone else.

The competition isn't dumping product because they're afraid of AM. It's just that the market price of miners will only go down as the network size increases. They gain nothing by holding onto product. AM needs to start selling its chips too.

The larger the first batch the better since those chips will likely fetch the highest per chip price.

Yeah this is absolutely the way to present your package.  Much respect on the full disclosure.  I'll be waiting until closer to the event to pull the trigger, but I'm less interested in the smaller events and more interested in the main and horse events.

Good Luck on this venture and I'm sure everyone appreciates the disclosure.  I thought last year you pieced yourself out on individual events, no?  Any chance of doing this if you don't have enough interest in the entire deluxe premium Micon package?