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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3899709 times)
jimmothy
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October 23, 2014, 07:38:23 AM
 #23821

And also, I've posted these damn addresses so many times now that I can't understand how the stock still trades at levels below below AM's on-hand cash per share:

There is no communication from AM. There are lots of addresses out there that have money. That doesn't mean they are gonna send that money to you. There is no reason to believe friedcat has any intention of ever paying any dividend again. This is the BTC world, and you can take your money and run and get away with it. And even if he did this, there would still be tons of fanboys in this very thread defending him based on the fact that he "already paid shareholders back their IPO price many times over" or some such nonsense. AM could have all the hash rate in the world but if they have no intention of honoring the shares and paying out dividends, then the shares are worth nothing.

All that even ignores the fact that the addresses you link to aren't even actually known to belong to AM; it is purely speculation. And for your other points:

Quote
In addition to the cash value, there's also stocked inventory, what probably amounts to an unholy sum of fiat in RMB and USD, 3 proprietary chip designs (4 if we'd ever count gen2 for any reason), and (though admittedly dwindling) a surplus of goodwill generated primarily from pulling IPO investors past ROI.  I also wouldn't be surprised if gen4 manufacturing was already contracted out and a fiat deposit submitted.

- How much "stocked inventory"? What is it worth? Is anyone buying it? No one knows. No communication.
- How much fiat? Any? Maybe none? Maybe just giant outstanding liabilities and nothing to pay them with? No one knows. No communication.
- 3 proprietary chip designs? One is no longer at all relevant. One is barely good enough to sell barely at cost. And one is nothing but a rumor based on a single post, like false promises about "PR". Is gen 4 real? No one knows. No communication.
- Good will? The only people with good will left towards AM are a few fanboys. Why is the good will dwindling? No communication.
Frankly, AM has shown little but contempt for the shareholders with their complete lack of communication. The shares have lost 98% of their value from their peak and the remaining 2% is propped up by nothing but empty faith and denial by a couple fanboys.

If you have to ask why the shares are worth nothing, realize that this company has:

- no communication
- no dividends
- no credibility

The only thing remotely true about your post is the fact that AM is completely lacking communication. (which I agree is unacceptable but it doesn't make them scammers )

There's nobody here who would defend FC/AM if they decided to start scamming.

They have a very competitive chip (possibly the best) and 60PH completely paid for. That's at least ~$10m in assets.

Overall I'd rate the FUD 4/10.
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hdbuck
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October 23, 2014, 07:42:02 AM
Last edit: October 23, 2014, 08:56:54 AM by hdbuck
 #23822

And also, I've posted these damn addresses so many times now that I can't understand how the stock still trades at levels below below AM's on-hand cash per share:

There is no communication from AM. There are lots of addresses out there that have money. That doesn't mean they are gonna send that money to you. There is no reason to believe friedcat has any intention of ever paying any dividend again. This is the BTC world, and you can take your money and run and get away with it. And even if he did this, there would still be tons of fanboys in this very thread defending him based on the fact that he "already paid shareholders back their IPO price many times over" or some such nonsense. AM could have all the hash rate in the world but if they have no intention of honoring the shares and paying out dividends, then the shares are worth nothing.

All that even ignores the fact that the addresses you link to aren't even actually known to belong to AM; it is purely speculation. And for your other points:

Quote
In addition to the cash value, there's also stocked inventory, what probably amounts to an unholy sum of fiat in RMB and USD, 3 proprietary chip designs (4 if we'd ever count gen2 for any reason), and (though admittedly dwindling) a surplus of goodwill generated primarily from pulling IPO investors past ROI.  I also wouldn't be surprised if gen4 manufacturing was already contracted out and a fiat deposit submitted.

- How much "stocked inventory"? What is it worth? Is anyone buying it? No one knows. No communication.
- How much fiat? Any? Maybe none? Maybe just giant outstanding liabilities and nothing to pay them with? No one knows. No communication.
- 3 proprietary chip designs? One is no longer at all relevant. One is barely good enough to sell barely at cost. And one is nothing but a rumor based on a single post, like false promises about "PR". Is gen 4 real? No one knows. No communication.
- Good will? The only people with good will left towards AM are a few fanboys. Why is the good will dwindling? No communication.

Frankly, AM has shown little but contempt for the shareholders with their complete lack of communication. The shares have lost 98% of their value from their peak and the remaining 2% is propped up by nothing but empty faith and denial by a couple fanboys.

If you have to ask why the shares are worth nothing, realize that this company has:

- no communication
- no dividends
- no credibility

To be frank, I'm still lost on the fact that they run the whole operation with like 5 people.

lol you guys done shilling? Grin
what makes you think there is only 5 peps?

No communication is not synonym with failure.
No divs now doesnt imply no divs in the future.
No credibility? you gotta be kidding me Cheesy
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October 23, 2014, 09:31:49 AM
 #23823

In USD/share terms things seem way underpriced imho.

All has been said in this thread about the current situation. I just wanted to point that we still live in a world where the main value measure is NOT btc/something but USD/something or loaves of bread/thing or ounces of gold or pair of shoes or a basket combination of all these VS thing ...

Of course by going in and out of am shares and in and out of BTC one could have had a very different portfolio outcomes in the recent year, way better or way worse depending on timing and direction of the trading position in btcusd and btc/AM.

I suspect the thin market on havelock makes the share price suffer more than "normal" due to low liquidity.

I strongly hope the voices from the speculation AM thread get heard and friedcat migrates to counterparty or something similar and decentralised. Share price depends on share usefullness = ease of buying/selling/transfering and security of ownership = not realying on middlemen.

In conclusion, once again : notice how the blue line in the chart ( usd/share ) goes to a bottom and then goes to all time high in Feb 2014, although the green line ( btc/share ) has free fallen before that and not recovered ... Measure things with the right tool for the job!








yea, just sharing my .xls file with exact weekly prices from havelock and stamp.. needed to do it properly by myself, no offense JonnyBitc0in Wink

-> http://sharesend.com/grfu6ryf

http://i.imgur.com/wMoXuwI.png



edit: plus, here are my divs calcs :

http://i.imgur.com/3VlyOLL.png

depending if the next due divs correspond only to batch1-april, we should get about 0,023 BTC by the end of this month.
but it can also take into account batch2-may, and we would then have >0,1 BTC for sure! Cheesy
hdbuck
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October 23, 2014, 12:04:02 PM
 #23824

man these are so outdated Grin

here is an up to date graph:




1 AM share is now worth ~$50... I say cheap shares Cheesy
vortex1878
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October 23, 2014, 12:06:54 PM
 #23825

More like 40$ unfortunately... Sad
hdbuck
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October 23, 2014, 12:34:14 PM
 #23826

damn, so apparently, FC (and boardmembers) prolonged absence could partly be explained by the fact that china has indeed restricted access to bitcointalk:

bitcointalk has been totally blocked by china interenet so i cannot login very often

are there anymore chinese people in here Huh
sngwinner
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October 23, 2014, 12:45:41 PM
 #23827

And also, I've posted these damn addresses so many times now that I can't understand how the stock still trades at levels below below AM's on-hand cash per share:

There is no communication from AM. There are lots of addresses out there that have money. That doesn't mean they are gonna send that money to you. There is no reason to believe friedcat has any intention of ever paying any dividend again. This is the BTC world, and you can take your money and run and get away with it. And even if he did this, there would still be tons of fanboys in this very thread defending him based on the fact that he "already paid shareholders back their IPO price many times over" or some such nonsense. AM could have all the hash rate in the world but if they have no intention of honoring the shares and paying out dividends, then the shares are worth nothing.

All that even ignores the fact that the addresses you link to aren't even actually known to belong to AM; it is purely speculation. And for your other points:

Quote
In addition to the cash value, there's also stocked inventory, what probably amounts to an unholy sum of fiat in RMB and USD, 3 proprietary chip designs (4 if we'd ever count gen2 for any reason), and (though admittedly dwindling) a surplus of goodwill generated primarily from pulling IPO investors past ROI.  I also wouldn't be surprised if gen4 manufacturing was already contracted out and a fiat deposit submitted.

- How much "stocked inventory"? What is it worth? Is anyone buying it? No one knows. No communication.
- How much fiat? Any? Maybe none? Maybe just giant outstanding liabilities and nothing to pay them with? No one knows. No communication.
- 3 proprietary chip designs? One is no longer at all relevant. One is barely good enough to sell barely at cost. And one is nothing but a rumor based on a single post, like false promises about "PR". Is gen 4 real? No one knows. No communication.
- Good will? The only people with good will left towards AM are a few fanboys. Why is the good will dwindling? No communication.

Frankly, AM has shown little but contempt for the shareholders with their complete lack of communication. The shares have lost 98% of their value from their peak and the remaining 2% is propped up by nothing but empty faith and denial by a couple fanboys.

If you have to ask why the shares are worth nothing, realize that this company has:

- no communication
- no dividends
- no credibility

Whether this is FUD or not, it's nice to see someone that doesn't come in here and spout positive shit out of their ass to try to justify FriedCats actions. The situation with AM has gotten extremely bad. Much worse than before. Fried Cat or a board member should address our concerns. Honestly if a board member just dropped in and said I've had contact with FC in the last week and things are progressing I would be happy. But the investors aren't even worth FC spending a second to update.

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xhomerx10
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October 23, 2014, 01:10:27 PM
 #23828

damn, so apparently, FC (and boardmembers) prolonged absence could partly be explained by the fact that china has indeed restricted access to bitcointalk:

bitcointalk has been totally blocked by china interenet so i cannot login very often

are there anymore chinese people in here Huh

 "Are there any people in here from mainland China" would be more appropriate.
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October 23, 2014, 01:10:39 PM
 #23829

damn, so apparently, FC (and boardmembers) prolonged absence could partly be explained by the fact that china has indeed restricted access to bitcointalk:

bitcointalk has been totally blocked by china interenet so i cannot login very often

are there anymore chinese people in here Huh

It would not be a problem to FC, don't forget he is smart enough to design amazing miners.
Cross the wall set by Chinese government is not difficult, I'm in China also.
ewibit
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October 23, 2014, 01:12:57 PM
 #23830

are there anymore chinese people in here Huh
perhaps this is the reason:
Quote
bitcointalk has been totally blocked by china internet so i cannot login very often

https://bitcointalk.org/index.php?topic=791827.msg9301903#msg9301903
sngwinner
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October 23, 2014, 01:27:52 PM
 #23831

Ok, the Pr guy can't log in often and I understand posting in the sales thread but why not swing by here to give an update that would take 1-2 minutes.

ETERBASE | TRADE WITH NEGATIVE FEES
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ujka
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October 23, 2014, 01:35:12 PM
 #23832

Ok, the Pr guy can't log in often and I understand posting in the sales thread but why not swing by here to give an update that would take 1-2 minutes.
He is not a PR guy, but a 'sales' guy. He pointed that out in the past.
drasted
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October 23, 2014, 01:47:23 PM
 #23833

are there anymore chinese people in here Huh
perhaps this is the reason:
Quote
bitcointalk has been totally blocked by china internet so i cannot login very often

https://bitcointalk.org/index.php?topic=791827.msg9301903#msg9301903


uh, you linked and quoted the exact same thing he did...
sngwinner
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October 23, 2014, 03:21:10 PM
 #23834

Ok, the Pr guy can't log in often and I understand posting in the sales thread but why not swing by here to give an update that would take 1-2 minutes.
He is not a PR guy, but a 'sales' guy. He pointed that out in the past.

Well maybe he will pass on to Fried Cat that we would appreciate an update. I'm tempted to email him at the adress provided to see if someone will respond.

ETERBASE | TRADE WITH NEGATIVE FEES
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NotLambchop
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October 23, 2014, 03:41:14 PM
 #23835

are there anymore chinese people in here Huh
perhaps this is the reason:
Quote
bitcointalk has been totally blocked by china internet so i cannot login very often

https://bitcointalk.org/index.php?topic=791827.msg9301903#msg9301903


Lol, he was last logged in on the 8th, has posted multiple times in other threads, he runs a Bitcoin business and is familiar with basics like proxies and TOR, but... can't pass on a message to the people who have funded his business?
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October 23, 2014, 04:34:39 PM
 #23836

Guess AM's going the PETA route-

http://amhash.com/

https://www.havelockinvestments.com/fund.php?symbol=AMHash1
prancing_around
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October 23, 2014, 04:46:09 PM
 #23837


Wow, finally a decent looking website.
I wonder what this means for shareholders...
Blazed
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October 23, 2014, 04:46:57 PM
 #23838


Not a very good deal for the buyer... 1.25BTC For 1TH plus fees = 0 chance of a positive ROI.
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October 23, 2014, 04:49:36 PM
 #23839

http://instagram.com/asicminerhash


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Ferrum Network • Interoperability Network for Financial Applications
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October 23, 2014, 04:54:00 PM
 #23840


Wtf i surely hope AM regular shareholders would get their cut from the HW they wont benefit from.
Kinda franchisee op maybe?
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