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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914274 times)
xhomerx10
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August 28, 2014, 10:48:07 PM
 #22481

Shareholders be lurking like:


Full disclosure: I am a shareholder.

 Come on! Full disclosure - that IS you!
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electerium
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August 28, 2014, 10:57:30 PM
 #22482

Obviously no docs until positive cash flow. If friedcat thought it could be august and it isn't, then hes obviously either missed on sales or mining deployment (or both)
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August 28, 2014, 11:42:56 PM
 #22483

Obviously no docs until positive cash flow. If friedcat thought it could be august and it isn't, then hes obviously either missed on sales or mining deployment (or both)


Plus BTC vs $USD dropped dramatically not long after he made that statement about divs  "hopefully August"


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August 29, 2014, 05:35:50 AM
 #22484

Friedcat now needs to stop missing deadlines now...

Instead of 'hopefully divs in August' it would be better to say 'the cash position is now x'


Promote our site for no risk BTC / LTC profit! 1% gross profit, LTC/BTC payments weekly. Click through for more details.
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August 29, 2014, 05:40:56 AM
 #22485

Obviously no docs until positive cash flow. If friedcat thought it could be august and it isn't, then hes obviously either missed on sales or mining deployment (or both)


Plus BTC vs $USD dropped dramatically not long after he made that statement about divs  "hopefully August"

Considering that the company was cashflow positive in USD even after the chip costs, this is a good thing for BTC-denominated divs...
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August 29, 2014, 09:58:42 AM
 #22486


If he (FC) treats his own words seriously then the first dividends are not that much important - except for a little hiccup in share price of course.
If, for example, AM needs funds for massive gen3 deployment and as fast as possible gen4 development then I will gladly wait a little longer.
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August 29, 2014, 12:31:34 PM
 #22487

one more day without divs and we are going into another freefall, put low buy orders in
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August 29, 2014, 12:39:21 PM
 #22488

one more day without divs and we are going into another freefall, put low buy orders in
im feeling optimistic, at least some good news right after the 1st
maybe a lil labor day present
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August 29, 2014, 01:14:14 PM
 #22489

one more day without divs and we are going into another freefall, put low buy orders in


Disclaimer - There could still be a dividend in August -



I was never of the mind that FC would pay a dividend in August, so any selling pressure based on that expectation is a pure discount to my BTC. Dividends in August was heard at the Salon, and while I appreciate shareholders reporting pieces of the talk, I would much rather see FC come to the forum and make an official announcement on dividends. That he did not come here and say this but mentioned several other aspects of the operation gave me the impression it wasn't likely to take place.

Back in June when more information came out I had pegged mid-to-late September to be the likely time frame to see results, while cautiously optimistic that it could be sooner. AM is converting chips en masse to miners right now, and this could take some time and money still to get off the ground. While most shareholders will be upset with a continued delay in returns, I am ready to wait well into October before anything tangible is seen. If nothing is here by October then we can start discussing when and if Gen3 will pay out relative to the impending release of Gen4, which has been rumored to be ready for early 2015. We are not very far away from Gen4, start of September is next week so this will be an intense few months for strong hands.

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August 29, 2014, 01:58:11 PM
 #22490

Im just happy to see FC is posting on the forum answering questions.  Step in the right direction if you ask me.

xhomerx10
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August 29, 2014, 02:17:28 PM
 #22491

Im just happy to see FC is posting on the forum answering questions.  Step in the right direction if you ask me.

 Unfortunately he is responding to questions about the pool compatibility issues w.r.t. the AsicminerTubes.  Crap.  Not really a step in the right direction.
For some reason, the Tubes don't play well with any pool but Ghash.io at this time - so I wonder which pool they were testing on... NOT!
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August 29, 2014, 02:33:47 PM
 #22492

Im just happy to see FC is posting on the forum answering questions.  Step in the right direction if you ask me.

 Unfortunately he is responding to questions about the pool compatibility issues w.r.t. the AsicminerTubes.  Crap.  Not really a step in the right direction.
For some reason, the Tubes don't play well with any pool but Ghash.io at this time - so I wonder which pool they were testing on... NOT!


FC already posted a process to make the tube work with other pools.


Exactly. https://bitcointalk.org/index.php?topic=735728.msg8549984#msg8549984 FC is doing active support for the product he's selling, this is very good. People who claim he should rather be deploying hash rate: I agree he should do that, but what makes you think he isn't working on both things simultaneously? I think both things are potentially equally valuable to the company and thus its shareholders!

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August 30, 2014, 02:47:11 AM
 #22493

Still no word of the interview?
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August 30, 2014, 03:38:49 AM
 #22494

I think massive manufacturing and deployment costed most of profits in May and June. Based on current btc price, FC put sales the highest priority is right. Massive deployment is quite different from personal mining. If it's not economic feasible for more than three months, it means not profit loss but bankrupt.

Apparently, FC gave too much dividends last year, he may want to be a small smart company last year. This idea lead to short of capital and human resource which increased the difficulty for R&D and expanding. Too much dividends in last year also pushed AM stock price too high, but they can't last it with their former strategy, and then the stock price collapsed. It hurt the company's reputation and most stockholders' interests. FC is a talent engineer but lack of experience of running a public company. Hope he learnt from last year's failure and seize this final opportunity.
bitsalame
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August 30, 2014, 04:34:28 AM
 #22495

I think massive manufacturing and deployment costed most of profits in May and June. Based on current btc price, FC put sales the highest priority is right. Massive deployment is quite different from personal mining. If it's not economic feasible for more than three months, it means not profit loss but bankrupt.

Apparently, FC gave too much dividends last year, he may want to be a small smart company last year. This idea lead to short of capital and human resource which increased the difficulty for R&D and expanding. Too much dividends in last year also pushed AM stock price too high, but they can't last it with their former strategy, and then the stock price collapsed. It hurt the company's reputation and most stockholders' interests. FC is a talent engineer but lack of experience of running a public company. Hope he learnt from last year's failure and seize this final opportunity.

Lack of transparency hurt the company's reputation and most stockholders' interests.


Is it really that hard to take 5 minutes out of your day to let us know what is going on?



Yes, it is.
stompysteve
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August 30, 2014, 05:07:40 AM
 #22496

Arent they going to come out with a financial statement shortly? when they will probably make a statement at the same time
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August 30, 2014, 05:10:22 AM
 #22497

Arent they going to come out with a financial statement shortly? when they will probably make a statement at the same timen

Hmm is it time for a quarterly financials report
Last one I recall was
Cash flow from Feb 28, 2014 to May 27, 2014:
So May 28 --- Aug 28
Your right it might be about that time but I didn't see any announcement about it.

.
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August 30, 2014, 05:30:35 AM
Last edit: August 30, 2014, 05:55:21 PM by bitsalame
 #22498

I reiterate one more time, and those who don't get it I'll automatically consider shills or trolls.
Asking for dividends -in any kind of investment- is asking to destroy their capacity of growth. Basically by insisting on dividends you are squeezing your golden goose.
Asking to make announcements and baby feeding information is a waste of time unless there is any significant development.
Asking for quarterly report is rational, asking to pamper every whim every day at the forum is childish and extremely unproductive.

Their time should be 100% focused in building value for the company -your invested company-
And all of you should be glad that they are working, in deploying, selling, troubleshooting and offering support.

So those whining, grow a pair.
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August 30, 2014, 06:00:05 AM
 #22499

bitsalame: I agree with you, it is just that the market is full of the people you are talking about and hence we are back down again at 0.22 BTC
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August 30, 2014, 07:22:05 AM
 #22500



Someone should set up a AM whining post, where shareholders can complain and bitch about all their problems with AM, then we can ignore the whole post ;-)
6-9 months most of your questions will most probably be decided


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
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