[HAVELOCK] AlcheMiner Scrypt ASIC

[AlcheMinerIR]

Hi Guys,
I'm currently running an open Q&A thread on Reddit in /r/bitcoinstocks if any lurkers here have any questions about the IPO or the company.

Also, we should have some very positive news coming today or this weekend; stay tuned!

[1714472597]

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[1714472597]

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[1714472597]

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[AlcheMinerIR]

Order Update

To date, the IPO has raised over 2,300 BTC - a big thanks to all of our investors so far! The good news promised last weekend has been a bit delayed, but should be coming this week.

In the meantime, AlcheMiner is finalizing nearly $1,000,000 of pre-orders! Specifically, a customer from China has ordered $600,000 of AlcheMiner chips and a US-based customer has ordered $200,000 of finished Alchemist Scrypt miners! Both orders will have 100% deposits and are simply pending signed agreements.

In addition, another customer would like AlcheMiner to produce Scrypt ASIC miners on an OEM basis for them. In essence, the Alchemist miners will be-rebranded under the customer's brand and will be re-sold in that customer's geographical area. The customer's company is currently raising capital through through private investors and bank financing. Both AlcheMiner and the prospective customer have agreed on terms; the potential revenue from this order will be $2.5 Million - $5 Million! If/when the customer's financing is secured, the order will also have a 100% deposit.

Tom and Sophia are working tirelessly to finalize additional orders in the pipeline as well.

Development Update

Once AlcheMiner's capital has been raised, the tape-out will begin to TSMC (Taiwan Semiconductor Manufacturing Company). While capital is being finalized over the next week or two, the engineering team will be doing the final double-check on the IC design and double-checking that the chip's performance on a system level (software and PCB) before the tape-out. The team is taking advantage of this additional time to ensure that ALC customers will receive the most efficient product possible.

Thanks again to all of our investors!

[Jaymax]

msg6202156

msg6174169

what happens if you only end up raising, say, 10% of the total $4M?

If the total amount of funding is not raised, the IPO will not be successful and all investors will receive their funds back. The funds are held in escrow by Havelock at the moment.

[AlcheMinerIR]

msg6202156

msg6174169

what happens if you only end up raising, say, 10% of the total $4M?

If the total amount of funding is not raised, the IPO will not be successful and all investors will receive their funds back. The funds are held in escrow by Havelock at the moment.

Hi Jaymax - not sure if this was a question or just a quote for posterity, but this is still accurate. If the requisite capital isn't raised, then IPO investors will receive their funds back. It is possible that the company will raise additional funds outside of Havelock (to complete the funding) if necessary.

[redmetal]

Hi AlcheMiner,

I understand your fund raising stage has been completed, are we able to get a tape out time frame (Estimated schedule of dates) and an up to date progress report?

Thanking you,
Red

[AlcheMinerIR]

Hi AlcheMiner,

I understand your fund raising stage has been completed, are we able to get a tape out time frame (Estimated schedule of dates) and an up to date progress report?

Thanking you,
Red

Hi Red,
Last week the company closed a large deal, so Sophia and Tom are just finishing up the final details for that. The tapeout should begin soon and hopefully we'll be able to provide a more exact timeline in the coming days.

Thank you

[RiverBoatBTC]

Warning IPO is suspect to fraud

Private website
IPO posted by Havelock

The head of the company's own website does not work
http://www.chou-co.com/cgi-sys/suspendedpage.cgi


http://www.zoominfo.com/p/Sophia-Chou/378088701

Employment History
Director of Marketing and Business Development
Alchip Technologies Inc       <-----------Why do you need the funding? http://www.zoominfo.com/c/Alchip-Technologies-Inc/1557113

Co-founder and Board Director and Vice President of Business Development
iLuminate Technology, Inc.
Co-Founder, Board Director, Vice President of BD
iLuminate Technology, Inc.

[Kushedout]

"Large Deal"
"begin soon"
"coming days"

Sounds legit.

Hi AlcheMiner,

I understand your fund raising stage has been completed, are we able to get a tape out time frame (Estimated schedule of dates) and an up to date progress report?

Thanking you,
Red

Hi Red,
Last week the company closed a large deal, so Sophia and Tom are just finishing up the final details for that. The tapeout should begin soon and hopefully we'll be able to provide a more exact timeline in the coming days.

Thank you

[hdbuck]

mehehehe.. in comparaison, AM successfully taped out by the end of march.. it took them 3 months for testing and launching mass production of their chips.. now they sold part of it, but mining rigs wont come before another 2 months or so i'd say... so i'd guess you got 6 more months to go

"Large Deal"
"begin soon"
"coming days"

Sounds legit.

Hi AlcheMiner,

I understand your fund raising stage has been completed, are we able to get a tape out time frame (Estimated schedule of dates) and an up to date progress report?

Thanking you,
Red

Hi Red,
Last week the company closed a large deal, so Sophia and Tom are just finishing up the final details for that. The tapeout should begin soon and hopefully we'll be able to provide a more exact timeline in the coming days.

Thank you

[Kushedout]

What is this "Large Deal" you speak off? Is it for pre-orders or is it a privet investor? (since required funds were not raised during IPO)

Do you at least have an ETA of when the tapeout should be complete (not begin)?

When you say "Coming days", do you mean within "Two Weeks^TM"

Thanks.

Hi AlcheMiner,

I understand your fund raising stage has been completed, are we able to get a tape out time frame (Estimated schedule of dates) and an up to date progress report?

Thanking you,
Red

Hi Red,
Last week the company closed a large deal, so Sophia and Tom are just finishing up the final details for that. The tapeout should begin soon and hopefully we'll be able to provide a more exact timeline in the coming days.

Thank you

[AlcheMinerIR]

mehehehe.. in comparaison, AM successfully taped out by the end of march.. it took them 3 months for testing and launching mass production of their chips.. now they sold part of it, but mining rigs wont come before another 2 months or so i'd say... so i'd guess you got 6 more months to go

Hi hdbuck. I don't keep track of ASICMiner on a play-by-play basis as many do on the AM thread. However, I've been informed the given timeline is still realistic.

What is this "Large Deal" you speak off? Is it for pre-orders or is it a privet investor? (since required funds were not raised during IPO)

Do you at least have an ETA of when the tapeout should be complete (not begin)?

When you say "Coming days", do you mean within "Two Weeks^TM"

Thanks.

Kushedout,

Apologies for missing your PM from June 6th - the large deal is one that would raise the remaining funds not raised by the public offering.

I'm working with Sophia and Tom to see what additional information that I can release to investors. Be sure that as soon as I have information that I can disseminate, I'll be here with it.

While BFL's 'Two Weeks' comparisons are fashionable these days, do note that ALC hasn't missed any deadlines or hard dates set by the company. It is still early to mid June and the scheduled shipping date is July.

The team appreciates everyone's patience and understanding.

[culexevilman]

waiting for more info here.

[NotLambchop]

^I can contribute:
If you were unfortunate enough to invest during the IPO, your shares are now worth ~1/2 of what they cost you.

~Happy investing

[AlcheMinerIR]

waiting for more info here.

Hi culexevilman, thanks for your patience. I'm awaiting the go-ahead from the team to release additional information. 

[antirack]

Just in case anybody is wondering if they are "real", I have recently met Tom and Sophia at their office in Taipei.

And yes, they are considering immersion.

[Kushedout]

Engineering Progress

Tapeout to world’s leading foundry in April 2014
Chips expected to be delivered in June 2014
Shipping of final products will begin July 2014

Are these dates still valid?

[kenmomotaro]

Just in case anybody is wondering if they are "real", I have recently met Tom and Sophia at their office in Taipei.

And yes, they are considering immersion.

I bought too less shares, or I would like to visit them in person at 101 office too.

[Kushedout]

Engineering Progress

Tapeout to world’s leading foundry in April 2014
Chips expected to be delivered in June 2014
Shipping of final products will begin July 2014

Are these dates still valid?

[redmetal]

Hi AlcheMiner,

I understand your fund raising stage has been completed, are we able to get a tape out time frame (Estimated schedule of dates) and an up to date progress report?

Thanking you,
Red

Hi Guys, Just wondering if you have an update yet? or any news really,

Thanks
Red

[AlcheMinerIR]

Hi All,
Thanks again for your patience. AlcheMiner is happy to provide the following update!

• The multimillion dollar order that was referenced earlier has been closed and paid
• This pre-order payment made up for the lack of funds that would have been raised by the IPO and used for the payment to the foundry
• Chips have been taped out to TSMC
• Chips are expected to be delivered late July or early August
• Assembly will take three days, so shipping is expected in early August
• Luckily, the chips are expected to outperform initial specifications, so keeping the promised hashrate increase for August shipping should not affect the company's bottom line

'

Additional updates will be forthcoming!