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Author Topic: Diablo Mining Company  (Read 87107 times)
EskimoBob
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August 18, 2012, 05:37:41 AM
 #361

I still do not see a clear answer from you to a question "where is the rest of the BTC evaporated to"?
We are not talking about 20-30% drop. It's more like 90% has just evaporated to nothingness.



 

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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DiabloD3
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August 18, 2012, 08:25:30 AM
 #362

I still do not see a clear answer from you to a question "where is the rest of the BTC evaporated to"?
We are not talking about 20-30% drop. It's more like 90% has just evaporated to nothingness.

It didn't evaporate anywhere. It never existed.

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August 18, 2012, 09:22:02 AM
 #363

How did it not? Have you been selling shares publicly at 1BTC while privately selling or trading them for far less? That alone should earn you a scammer tag. For all we know you sold yourself 20000 shares at 0 BTC, effectively robbing your investors. So what exactly did you get for all those shares, those same shares early investors had to buy at 1 BTC?

BTW, in June you boasted you had sold 2000 shares and barely over a month ago your published assets had a market value of ~2100 BTC:
https://bitcointalk.org/index.php?topic=77469.msg1003959#msg1003959

Now its barely half that. If thats not evaporating, I dont know what is.

BTW bis,

Quote
I'm not sure why you keep claiming you lost 50% of your investment. Market prices for everything on GLBSE are panic low because of the BFL announcement. I don't know why you don't see this as an opportunity to just buy more at a much cheaper price.
https://bitcointalk.org/index.php?topic=77469.msg969563#msg969563

Thats when DMC traded at 0.5 BTC,  3800% of todays value.
When the hell are you going to wake up and smell the coffee? And why dont you begin to apologize to everyone whos money you pissed away?

EskimoBob
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August 18, 2012, 10:08:05 AM
 #364

I think I am not the only one who likes to see the complete trading log from day one.
Mask IPO participant account names (except your own) and maybe get it PGP signed by nefario.
Lets do a little audit and see, what has actually happened and how did you manage to lose all this BTC (or not).
If everything looks OK, this will keep all the needless shit slinging at bay.

When are you going to publish the DMC trading logs?

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
DiabloD3
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August 18, 2012, 10:32:28 AM
 #365

How did it not? Have you been selling shares publicly at 1BTC while privately selling or trading them for far less? That alone should earn you a scammer tag. For all we know you sold yourself 20000 shares at 0 BTC, effectively robbing your investors. So what exactly did you get for all those shares, those same shares early investors had to buy at 1 BTC?

BTW, in June you boasted you had sold 2000 shares and barely over a month ago your published assets had a market value of ~2100 BTC:
https://bitcointalk.org/index.php?topic=77469.msg1003959#msg1003959

Now its barely half that. If thats not evaporating, I dont know what is.

BTW bis,

Quote
I'm not sure why you keep claiming you lost 50% of your investment. Market prices for everything on GLBSE are panic low because of the BFL announcement. I don't know why you don't see this as an opportunity to just buy more at a much cheaper price.
https://bitcointalk.org/index.php?topic=77469.msg969563#msg969563

Thats when DMC traded at 0.5 BTC,  3800% of todays value.
When the hell are you going to wake up and smell the coffee? And why dont you begin to apologize to everyone whos money you pissed away?

Very few (less than 100) of these shares were ever purchased at 1 BTC. Most were traded for.

DiabloD3
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August 18, 2012, 10:33:35 AM
 #366

I think I am not the only one who likes to see the complete trading log from day one.
Mask IPO participant account names (except your own) and maybe get it PGP signed by nefario.
Lets do a little audit and see, what has actually happened and how did you manage to lose all this BTC (or not).
If everything looks OK, this will keep all the needless shit slinging at bay.

When are you going to publish the DMC trading logs?

AFAIK they don't exist. GLBSE does not contain such data long term.

P4man
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August 18, 2012, 11:15:44 AM
 #367

Very few (less than 100) of these shares were ever purchased at 1 BTC. Most were traded for.

Traded for what exactly? Remember, you yourself still value those shares at 1 BTC each, you recommended people buy more of your shares when they were trading for 0.5BTC;  so surely you didnt trade them for something worth only 1/10th of that. So what did shareholders get in return for all the unsold shares you handed out ?

Also you never responded to this simple question: how much is in your "growth fund" ?

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August 18, 2012, 11:42:45 AM
 #368

I think I am not the only one who likes to see the complete trading log from day one.
Mask IPO participant account names (except your own) and maybe get it PGP signed by nefario.
Lets do a little audit and see, what has actually happened and how did you manage to lose all this BTC (or not).
If everything looks OK, this will keep all the needless shit slinging at bay.

When are you going to publish the DMC trading logs?

AFAIK they don't exist. GLBSE does not contain such data long term.

Copy paste from GLBSE: "Get your full account history as a CSV"

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
DiabloD3
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August 18, 2012, 02:16:07 PM
 #369

I think I am not the only one who likes to see the complete trading log from day one.
Mask IPO participant account names (except your own) and maybe get it PGP signed by nefario.
Lets do a little audit and see, what has actually happened and how did you manage to lose all this BTC (or not).
If everything looks OK, this will keep all the needless shit slinging at bay.

When are you going to publish the DMC trading logs?

AFAIK they don't exist. GLBSE does not contain such data long term.

Copy paste from GLBSE: "Get your full account history as a CSV"

Its not full, and I don't think its even a month.

DiabloD3
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August 18, 2012, 03:02:11 PM
 #370

EskimoBob seems to have been AFK for an entire week and missed out on the ASICMINER IPO at 30mh for 0.10 (or 0.03 a mh). Lets catch him up, shall we?

If you value mh at lowest ask (which is what I do and most everyone else does due to highest bid not being reliable due to the giant spreads and bids often being wiped out by large panic sales), EVERYONE who had fixed mh or non-upgrading assets lost value 5x overnight.

So, we started at the 1 BTC IPO price, then the market massively devalued mh due to BTC going from $5s to a final peak of $15.40, driving down per mh prices down so DMC was worth in the 0.50s before I could catch up fast enough, and now ASICMINER drove it down another 5x on top of that the instant they IPO'ed.

If we're valuing mh at 0.03, and on the 19th (after Obsi pays me my last OBSI.1MHS dividend and I trade him for OBSI.ABMO) DMC will be 5mh/share, DMC is, by that calculation, worth at least 0.15 a share.

Thus, I have initiated a plan backed by a shareholder majority to increase the NAV over the next 3 months by eating dividends. I do not promise anything due to how volatile mh prices are, but if we stay around 0.03/mh, we could be back to looking at >0.50 again.

P4man
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August 18, 2012, 04:15:34 PM
 #371

EskimoBob seems to have been AFK for an entire week and missed out on the ASICMINER IPO at 30mh for 0.10 (or 0.03 a mh). Lets catch him up, shall we?

If you value mh at lowest ask (which is what I do and most everyone else does due to highest bid not being reliable due to the giant spreads and bids often being wiped out by large panic sales), EVERYONE who had fixed mh or non-upgrading assets lost value 5x overnight.

You really make me want to scream. This obsession of you to represent everything as a fixed MH mining bond is getting really FUCKING TIRESOME, particularly since it has costed your investors thousands of BTC.  News flash: Asicminer is NOT a bond. It doesnt represent any fixed MH rating. Neither do half your other holdings btw.

ASIC miner is a high risk share. It may very well yield zero if their chip is dysfunctional. It may very well yield close to zero if they are way behind BFL. It may perhaps yield a tidy sum of money if they are indeed the first company to have an ASIC for long enough. Its a gamble, its but ITS NOT A BOND and that 30MH is  completely meaningless number you pulled out of your arse.

Now did fixed MH mining bonds price collapse? Of course they did. Everyone told you they would. Its not just asicminer, it not just BFLs announcement that caused it, its always been blatantly obvious to anyone with a brain. However, mining bonds havent lost their value like your shareprice has. When you look at the biggest bonds on GLSBE they have "only" lost ~30-40% of their value. You have managed to lose 96%. So whats your other excuse?

Quote
If we're valuing mh at 0.03, and on the 19th (after Obsi pays me my last OBSI.1MHS dividend and I trade him for OBSI.ABMO) DMC will be 5mh/share, DMC is, by that calculation, worth at least 0.15 a share.

I think by now, we know what your calculations are worth.
FWIW, OBSI.ABMO is a company share, not a fixed MHs mining bond. And its a share in a bunch of soon to be obsolete FPGAs. From BFL no less lol.

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by eating dividends.

I wonder if other shareholders also think you should be eating something else.

DiabloD3
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August 18, 2012, 04:52:10 PM
 #372

You really make me want to scream. This obsession of you to represent everything as a fixed MH mining bond is getting really FUCKING TIRESOME, particularly since it has costed your investors thousands of BTC.  News flash: Asicminer is NOT a bond. It doesnt represent any fixed MH rating. Neither do half your other holdings btw.

I never said it was a bond.

Quote
ASIC miner is a high risk share. It may very well yield zero if their chip is dysfunctional. It may very well yield close to zero if they are way behind BFL. It may perhaps yield a tidy sum of money if they are indeed the first company to have an ASIC for long enough. Its a gamble, its but ITS NOT A BOND and that 30MH is  completely meaningless number you pulled out of your arse.

Nope, this is what ASICMINER is paying on it.

Quote
Now did fixed MH mining bonds price collapse? Of course they did. Everyone told you they would. Its not just asicminer, it not just BFLs announcement that caused it, its always been blatantly obvious to anyone with a brain. However, mining bonds havent lost their value like your shareprice has. When you look at the biggest bonds on GLSBE they have "only" lost ~30-40% of their value. You have managed to lose 96%. So whats your other excuse?

0.15 is 4% of 1? notsureifserious.jpg

If you're going to troll, you're going to have to work harder than this.

P4man
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August 18, 2012, 05:35:40 PM
 #373

0.15 is 4% of 1? notsureifserious.jpg

If you're going to troll, you're going to have to work harder than this.


0.15?? Who is offering 0.15? Are you? You can buy my shares for 0.15!
On GLSBE the highest bid right now is 0.015. Did you miss that zero?

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August 31, 2012, 01:41:13 PM
 #374

Why should it be Diablos doing that the price for the share went down? He still is offering them for 1BTC. The only thing that drives the prices down are shareholders that sell their shares below the 1BTC. There is no other way. So how could this be Diablos doing? Did he deliver less dividends that promised?

 

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August 31, 2012, 01:48:37 PM
 #375

@diablo... Whats your current hardware? And why where there less shares paid the last time than before? Did you buy shares back?

 

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EskimoBob
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August 31, 2012, 01:58:48 PM
 #376

Why should it be Diablos doing that the price for the share went down? He still is offering them for 1BTC. The only thing that drives the prices down are shareholders that sell their shares below the 1BTC. There is no other way. So how could this be Diablos doing? Did he deliver less dividends that promised?

Probably because the earning per share are so low that it makes no sense to hold them.
Actually, at this moment, I have no idea how bad or good August was because I have not seen weekly nor monthly statement.

Diablo, pleas start publishing weekly holding reports.
 

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
DiabloD3
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August 31, 2012, 02:31:11 PM
 #377

Why should it be Diablos doing that the price for the share went down? He still is offering them for 1BTC. The only thing that drives the prices down are shareholders that sell their shares below the 1BTC. There is no other way. So how could this be Diablos doing? Did he deliver less dividends that promised?

Probably because the earning per share are so low that it makes no sense to hold them.
Actually, at this moment, I have no idea how bad or good August was because I have not seen weekly nor monthly statement.

Diablo, pleas start publishing weekly holding reports.
 

Nope, not doing weekly reports.

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August 31, 2012, 02:38:10 PM
 #378

Why should it be Diablos doing that the price for the share went down? He still is offering them for 1BTC. The only thing that drives the prices down are shareholders that sell their shares below the 1BTC. There is no other way. So how could this be Diablos doing?

You must have missed the post where Diablo said only a small minority of the shares were sold at 1BTC. He has been swapping the other shares for who knows what, but clearly for something worth a lot less than 1BTC.

Moreover, the fact his company shares have lost >90% of their value, is something people tend to hold a CEO accountable for. Particularly when the value loss is quite warranted and the CEO is unwilling and/or unable to explain what happened to the investments he was entrusted with. (and lets not even mention the fact he hadnt even noticed and thought his shares traded for 10x what they actually did).

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August 31, 2012, 02:59:51 PM
 #379

Why should it be Diablos doing that the price for the share went down? He still is offering them for 1BTC. The only thing that drives the prices down are shareholders that sell their shares below the 1BTC. There is no other way. So how could this be Diablos doing?

You must have missed the post where Diablo said only a small minority of the shares were sold at 1BTC. He has been swapping the other shares for who knows what, but clearly for something worth a lot less than 1BTC.

Moreover, the fact his company shares have lost >90% of their value, is something people tend to hold a CEO accountable for. Particularly when the value loss is quite warranted and the CEO is unwilling and/or unable to explain what happened to the investments he was entrusted with. (and lets not even mention the fact he hadnt even noticed and thought his shares traded for 10x what they actually did).

I've explained this multiple times in the thread already. The market is falling apart because ASICMiner is the new religious deity of the week. The investments haven't gone anywhere, the market no longer values anything involved with mining at all at such a high value.

I'll release the full report tomorrow, but the short of it is theres 20909 shares out and we hold 134920 mhash in assets, giving us 6.452 mhash per share. That means over 16x more mhash total and 2.2x more mhash per share. This does not include BTCMC's payment for this month either.

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August 31, 2012, 03:21:30 PM
 #380

but the short of it is theres 20909 shares out and we hold 134920 mhash in assets,

I call bullshit.  You keep converting anything and everything  into a fixed MH mining bond, even though you hold shares that arent fixed MH bonds. WHy dont you stop making up  numbers and just publish exactly what you hold? The only way to come up with such inflated number is by lying through your teeth and turning projected possible (and extremely uncertain)  future ASICs companies output in to imaginary fixed bonds. You may well deserve a scammer tag more than Pirate does.

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