I vote no for a couple of reasons. I have read the original thread, including the points made by the other participants.
1. I freak out when I see
Return on Investment(ROI) Early Adopters: 40,000,000 Issued Shares
Net Estimated ROI/24 Months Early-Adopters @ .0005 BTC/Share------2,812%/24 Months for an APR of 1,405%
Return on Investment(ROI) Fully Diluted: 100,000,000 Issued Shares
Net Estimated ROI/24 Months Early-Adopters @ .001 BTC/Share------------562% /24 Months for an APR of 281%
(my epmhasis)
Instinctively, numbers such as these makes me cringe, and I'm much more hesitant to trust the prospectus. That said, based on your projection of grossing 562K BTC, with a 10% cost, your ROI calculations may be right on the money. I did come up with ฿0.001458 over 24 months, but I may have used slightly different numbers.
As such, I reviewed the financials, and I cannot find sufficient details to defend such revenue claims.
2. You want to grab 25% of the BTC mining market, or its equivalent.
In 24 months, roughly, there will be 2.5M BTC mined. You propose to gross 25% of that on average. I find that difficult to believe, seeing the competion is already way on its way to grab a significant share. You would not only have to catch up with them, you will need to beat them at a game they have been playing far longer (and in ASIC terms, a year is two generations).
For me to invest, I would want to see real deliveries that match your projections. In other words, you would need to prove that you a) have a plan with dates and b) that the plan and the dates match up with real deliverables.
3. The plan
I don't see sufficiently credible evidence about your earning projections. 'Whenever someone else delivers something' is not a very comforting statment (as you have said with your Avalon deliveries). I understand that the control will be better once VMC starts, but even these projections are very vague (5-10 weeks; which is it? estimated maximum production time of 12 months; what is realistic? 12 months is a lifetime, if it's 1 month, it can be great, if it's 12 months, it can be a disaster).
Come up with realistic milestones (Avalon delivered by May 1, next-gen ASIC published schematics date XXX, ng ASIC production order date YY, etc). Stick to them, report on progress, and show that you have your act together.
Poll
