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« Sent to: magzy on: April 14, 2014, 10:43:39 AM »
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Quote from: drawingthesun on April 14, 2014, 05:03:50 AM
This is true, and I am sure the many securities on Havelock would love to be on a decentralized system in the mean time but they are not. I agree with you that Havelock is the best choice.
Here are some facts:
- Decentralization is very hard. A lot of you are becoming complacent thinking that we can easily and without too much effort securely decentralise things like asset trading. Satoshi spent several years working on Bitcoin and there are only a handful of people on Earth that have created fully decentralised systems. Satoshi and Bram are the first two that come to mind. This decentralized asset trading system isn't going to be a walk in the park and I would want the system to be live for many months before moving over millions of dollars worth of assets.
- Most people agree with my point above simply due to the fact that most assets are listed on Havelock and not on CC or Counterparty. Once they are ready I am sure they will move. In this regard (where to list our shares lets FOLLOW the herd for once).
- If Ken wants to wait until the utopian ideal of decentralized asset trading systems are live, we might have to wait months. If we want to see how they go for a while to see what vulnerabilities are discovered because we don't want to lose all of our shares we could easily be waiting until early 2015.
- The shareholders including myself are tired of the endless excuses. There exists a high volume exchange ready to take us on and is arguably more secure and better run than CryptoTrade. Let's get listed on Havelock please.
- Regarding volume, many of us want to sell our shares and I know about a million shares want to get out for at least 2,500 bitcoin. I am 100% certain CrytoTrade will never see anywhere near that much volume. Lack of volume will create a share price of 0.000001 easily once 10 million shares are listed and about 10 bitcoin worth of buyers. It will be a blood bath on Havelock but a blackhole on CryptoTade.
- No one that wants to preserve our share value wants to be on CryptoTrade. I can only assume the CryptoTrade fans are either 1)shills 2)bought UKYO shares and are acting in self interest 3)are trolls.
It doesn't matter, Havelock or CT if the company is performing, producing profits results, sorting the complaints out, sorting customer service and shipping miners out as stated in the IPO. People will want to be a part of that and then the share price will go up.
If you look at the IPO offering on
https://www.crypto-trade.com/tradex/ipo/amc_btcQuote
AMC is a Bitcoin mining cooperative who sole purpose is to mine bitcoins for profit. AMC is also developing
ASIC chip(s) for bitcoin mining. Chips will be marketed through VMC and AMC will receive profits on the sales.
Also, machines build using AMC technology will receive profits from VMC.
Current Hashing Power:
Check our thread"[AMC]-The Official Active Mining Cooperative Discussion" on BitcoinTalk.Org for current information about our current hashing rate. As of the date of this secondary offering AMC has the following equipment in place:
AMC has the following equipment hashing
6 Avalon 65 GH/s units hashing.
68 Klondike - 16 chip ASIC Open Source Boards ~250 GH/s
Total Hashing Power Hashing ~700 GH/s
AMC through VMC expects to sale 1 Million of its 28nm Bitcoin Mining Chips in 2014. After AMC recoups its
NRE of ~1 Million dollars, then AMC expects to receive ~40 Million dollars in profits from its VMC subsidary payment in 2014.
The recouped NRE and profits from VMC will be used to make AMC the largest Bitcoin Mining Farm in the world.
The share price is based on the current reputation of this delivery and the company. This is the benchmark that needs to be met or exceeded in order to meet the market and the price to rise.
at 0.0008 BTC (34c USD) * 25m shares gives a current valuation of $8,500,000.00 for AMC.
If we use these numbers to look at the Price earnigs ratio then If this ratio is less than 1, its a great buy. If its around one, its a good buy. If the PE to growth ratio is higher than 2, you would want to take a serious look at whether you want to buy the stock.
Lets have a look:
P/e/ is calculated by "Market Value per Share" /"Earnings per Share (EPS)"
Market value per share = 0.34c USD (0.0008 BTC)
Earnings Per Share = $40m (from IPO above) /25m shares =1.6
Price Earnings Ratio = 0.34/1.6 = 0.2125
This is a great buy and that's why I have bought AMC
If the sales are projected out from the recent current sales at VMC then we have the following P/E.
~45 cards @ $2k = $90k in 2 weeks 90k * 26weeks = $2,300,000 sales for VMC in 12 months.
Then the p/e ratio will be 0.34/ 0.92(eps based on $2.3m /25m) = 2.833
The only way to increase this would be to sell more cards to the tune of $9m sales to make the PE go under 1 - this will signify a "good buy" as per above.
The only way to sell more cards will be to increase marketing/reputation.
The only way to increase reputation is to make the customer at the center of everything you do. Honor sales, customer service, refunds, get good feedback which in turn equals more sales.
I'm just going off the intention in the IPO and recent sales at VMC.
Do your own research. IMHO etc etc
