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Anotheranonlol
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July 15, 2014, 08:24:19 AM |
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 whta's the wrong with the share price, 0.165 BTC/share Don't think it's that crazy, Remember when the shareprice was 4.5 BTCfriedcat would have to have paid out more than a billion $ at todays rate to ensure everyone got back 100% in divs I've seen most calculations come back with a dividend between 0.10 and 0.20 per share for the gen3 sales. In my opinion this doesn't justify a share price of 0.165 at all. Bear in mind 0.20 per share still amounts to around 50 million dollars, not totally sure where FC and co would conjure that from considering the way gen3 has been sold.. Even if they did have that laying about it would make more sense to fund a gen4 product. |
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JoTheKhan
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July 15, 2014, 08:50:27 AM |
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They need to actually get mining farms up and running. Selling chips was never going to be the money maker. If you can get chips at cost and you are one of the biggest producers of chips then you would be better off mining. There are just scaling issues that make this a bumpy road. |
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itamidensha
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Activity: 75
Merit: 10
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July 15, 2014, 09:03:52 AM |
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...considering the way gen3 has been sold..
Do you have some information about this that nobody else does? |
1Bs49wsYJLUP9Xcj5hPKcvub9vUAe2GF1F
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lophie
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July 15, 2014, 09:05:42 AM |
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...considering the way gen3 has been sold..
Do you have some information about this that nobody else does? We all have the information that gen3 has been sold, every bit of it -_-! you are a bit late to the party. Now the problem is when the party ended, there were still no dividends. |
Will take me a while to climb up again, But where is a will, there is a way...
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itamidensha
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Activity: 75
Merit: 10
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July 15, 2014, 09:22:54 AM |
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Shareholders questions were submitted to Friedcat. Thank you all for taking the time to participate in this round of shareholders questions. ...
3) How many PH/s of gen 3 have already been sold/shipped by now ?
4) Has the "60 PH/s batch" progressed any further ? When is it supposed to be completely done ? How much has already been sold ?
...
So we're not waiting for answers to question number 3 & 4 then? |
1Bs49wsYJLUP9Xcj5hPKcvub9vUAe2GF1F
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JoTheKhan
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July 15, 2014, 10:30:20 AM |
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...considering the way gen3 has been sold..
Do you have some information about this that nobody else does? We all have the information that gen3 has been sold, every bit of it -_-! you are a bit late to the party. Now the problem is when the party ended, there were still no dividends. Where can we find this information? I can't recall seeing this. Thanks |
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jdany
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July 15, 2014, 10:52:09 AM |
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I voiced my interest in hosting franchise mining at my shop.
No reply yet.
Either they have all the people they need, already involved in franchise mining (doubtful)
Or, they really aren't very interested in it.
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KarmaShark
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July 15, 2014, 11:37:00 AM |
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A few more big sell-offs in AM1 and we will be at a place in time where very little in BTC is required to join the board of directors, relatively speaking. I have to assume that if the price falls all the way back down to IPO levels we will see FC make an appearance once more. Having your company lose another 50% of its value tends to motivate peoples interests.
Regardless, July 20th is the 1.5 months FC envisioned it may take to sell out the current batch of chips. Unless AM is going for another batch, we should be seeing an announcement shortly. If AM is doing another batch starting in August then we are likely looking at a dividend in the Fall at some point.
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rudrigorc2
Legendary
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Activity: 1064
Merit: 1000
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July 15, 2014, 12:54:37 PM |
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A few more big sell-offs in AM1 and we will be at a place in time where very little in BTC is required to join the board of directors, relatively speaking. I have to assume that if the price falls all the way back down to IPO levels we will see FC make an appearance once more. Having your company lose another 50% of its value tends to motivate peoples interests.
Regardless, July 20th is the 1.5 months FC envisioned it may take to sell out the current batch of chips. Unless AM is going for another batch, we should be seeing an announcement shortly. If AM is doing another batch starting in August then we are likely looking at a dividend in the Fall at some point.
Im sure FC is not a single bit worried about market valuation of AM1, look at this address, https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF at least half of that is owned by AM, why on earth one anonymous ultra capitalized company would want to satisfy all the bagholders here? |
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bitdude
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July 15, 2014, 01:16:16 PM |
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hh, saw 0.165 on Havelock, my first reaction "what happened?", going to forum and ... nothing  as usual |
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JoTheKhan
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July 15, 2014, 01:26:41 PM |
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hh, saw 0.165 on Havelock, my first reaction "what happened?", going to forum and ... nothing as usual Can't expect people to hold onto shares when there are no Divs, and the most recent batch of questions haven't been answered. Expect the price to continue to crash until FC answers the questions or pays the dividends. I'm not trying to come off as impatient as I haven't sold any shares, just stating sentiment in the thread at the moment. |
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bitcoiner49er
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July 15, 2014, 01:39:56 PM |
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Well, here's to hoping that FC pays a lump div for AM3 sales to those of us holding some shares.  Then when the lemmings come out from under their rocks then can whine and moan about no divs. |
Homo doctus is se semper divitias habet
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cs54
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Activity: 62
Merit: 10
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July 15, 2014, 02:59:14 PM |
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The silence really is deafening. Has anyone actually sent the questions list to the feline-in-chief?
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KarmaShark
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July 15, 2014, 03:07:50 PM |
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The silence really is deafening. Has anyone actually sent the questions list to the feline-in-chief?
The current round of questions were submitted to FriedCat on June 29th. |
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rudrigorc2
Legendary
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Activity: 1064
Merit: 1000
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July 15, 2014, 03:10:12 PM |
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Well, here's to hoping that FC pays a lump div for AM3 sales to those of us holding some shares. Then when the lemmings come out from under their rocks then can whine and moan about no divs. this sell, is it confirmed? who is mining with AM chips ? |
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Blazed
Casascius Addict
Legendary
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Activity: 2128
Merit: 1119
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July 15, 2014, 03:15:11 PM |
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whta's the wrong with the share price, 0.165 BTC/share I wish I had more and more and more coins to buy............... You are nuts man..I see you buying shares all the time and they are worth less and less. Why would you buy more? |
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Mabsark
Legendary
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Activity: 826
Merit: 1004
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July 15, 2014, 05:46:41 PM |
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It seems like some people here don't understand the difference between the value of AM and the share price of AM1 on Havelock. It also seems like people are extremely short sighted and expected their shares to recoup their cost through dividends in a month or two. This is not a get rich quick scheme, it's a legitimate company with a legitimate product. If you bought some shares in Apple, would you expect to recoup your costs in a couple of months from dividends?
Peoples expectations are extremely biased based on AMs stellar performance in its first year. The question people should ask themselves is how AM will perform over the next couple of years, not months.
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Blazed
Casascius Addict
Legendary
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Activity: 2128
Merit: 1119
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July 15, 2014, 06:03:14 PM |
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You can not compare AM to Apple in any way shape or form... Years in Bitcoin land are way different than in regular investments. I think that with most every Bitcoin company short term does matter quite a bit. The landscape has changed a lot since AM started.
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KarmaShark
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July 15, 2014, 06:24:14 PM |
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After all of the discussion and speculation on the company's value and the precipitous drop in share price, I doubt many people are still confusing the two. Another 1000 shares could sell off on AM1 (0.25% of the company) and we would be below IPO right now. This does not mean AM is worthless, going out of business or has done anything that fundamentally changes their valuation. It could be one large holder hitting the exits. For all we know the last sell-off down to IPO could have been the cumulation of only a handful of shareholders with sizeable positions.
What it does do and has already been witnessed here is take an incredible psychological toll on the shareholders of the company. This was the result last time which prompted FC to come to the forum and address concerns. The share price went back up and has stayed around the 0.2 mark ever since. It is logical to expect the same result if the conditions are met again. If he was concerned about addressing questions for the sake of addressing questions we would already have our answers from the last round. He showed up to settle fears, and you want to believe those will come back out of the woodwork if the share price sinks back to that psychological threshold once more. It will make little difference what triggers the fall, people will see the price, the lack of information and then the townsfolk start to gather their pitchforks and head for the Town Hall.
I'm not going to touch the often cited old paradigm companies vs. new paradigm companies comparison. The risk profile of this venture is astronomically higher than an Apple or MS. It is an an experiment within an experiment, albeit an exciting one. For what it is worth I expect to hear something out of him soon. This lines up with his time frame provided in the last update and aligns with whispers of franchised mining getting off the ground. The summer is half way over, something will materialize soon.
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