Hi wasubii,
I'm interested to know why you think this is a very high risk investment. Do you think this business has always been a very high risk investment or do you think it started as a very high risk investment, became less risky during it's development, and then became very high risk again?
I think it started as a very high risk investment when it walled being called a scam in the AMC days. The risk since then has reduced immeasurably with time. With the very bullish 'game changer' attitude and desire to win through, I think this business will be priced much higher than Lorenzo's 'Offer of the Month' and see his shares as a real steal. My advice to Lorenzo is; be strong and hold, you will see those 69,000 shares worth 500 btc within days of the exchange opening. There is a whole load of new money about to come into this space and bitcoin mining shares are becoming very sought after.
Yes, I agree with you mostly. I see it like this:
Beginning period: High risk but with good prospects for a high reward:
The deal with eASIC was supposed to give us a below average chip (compared to full custom) at a lower price ($1m instead of $4-5m) in a very fast time, which would allow us to establish ourselves and sort out our PCB, cooling and power supply issues. It would give us an income with which to pursue a better, 2nd gen chip. We had a rough timescale from eASIC and there was a lot of excitement over ActM. During this period the shares went to 0.007+
Middle period: Lower risk as people think ActM is less and less a scam, and everything is in order, just waiting for news from eASIC on the chips. Problems with share exchanges and avalon chips keep us all occupied while we wait for news on the chips.
Current period: High risk again with diminishing prospects of a high reward in an increasingly competitive mining environment. The shareholder morale is at a low point and this is mainly due to us not hashing with any eASIC chips, not seeing any chips for the immediate future and not having enough information from Ken on when the chips will be finished (or what their final performance specs will be). It is looking more an more like we paid a low amount from an under-par chip with a longer delivery than a typical full-custom (look how quickly KnC got their 156GH/s full custom chip! shits all over our 16Gh/s non-existent chip). So the only benefit from using eASIC is the lower NRE and perhaps a faster turnaround for new chip orders.
I think once we are back trading there will be a big upswing in the share price to around 0.002 as new money enters the market and newbies with no experience and big ideas of retiring on mining divs push the demand up. The price would go higher if less people wanted to GTFO of their share position or if there was a decent announcement from Ken with some real information and dates.
Personally, I made my bet and I'm going to see it through to the end - be it boom or be it bust. I've always had a high appetite for risk and i haven't bet the house or anything stupid. Of course if the trolls win and mass dumping of shares occurs when we start trading, then i wouldn't rule out doubling down! My jupiter is still kicking out
BTC1 every 52 hours or so and ROI was achieved a while back - so I've got
BTC available to pull the trigger if the right opportunity arrises.
My two satoshis for you zumzero
