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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3885756 times)
Jutarul
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March 27, 2013, 03:33:27 AM
 #2621

friedcat may want to clearly make a statement on how he wants to implement this (200k:165k or 200k:200k with delayed dividend), before he prepares the next dividend payments and signs off the financial statements.
If this is in fact the position of the company, awesome.  It is good to finally have clarification on that point.
Obviously I can't speak for the founders, since I am only an investor myself. Furthermore the original contract is a bit fuzzy on that point, to say the least. But merging unsold shares with the ownership of the founders after the fact would be rather unconventional. Usually any fund raising or IPO is undertaken by third parties (e.g. underwriters), which also commit to eating the stock if the offering is undersubscribed. Now one could argue that the IPO was not undersubscribed but closed early (due to meeting the USD target, not the bitcoin target), which changes the dynamic. It's a legal mess, but given that the company was heavily undervalued in hindsight should ease the pain.

Nevertheless, bitfountain has to decide how they want to handle the issue. Putting the unsold shares on neutral ground (i.e. make it retained earnings dividend) would be the diplomatic solution.

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March 27, 2013, 03:49:06 AM
 #2622

Nevertheless, bitfountain has to decide how they want to handle the issue.

Here's some background reading on this topic that may be helpful:

http://en.wikipedia.org/wiki/Treasury_stock

because the same sort of thing happens to real-world companies.

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March 27, 2013, 04:24:37 AM
 #2623

How I see price of share floating around $56.

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March 27, 2013, 04:32:34 AM
 #2624

How I see price of share floating around $56.
The price of the shares shouldn't really be impacted by BTCUSD. While there are operational costs in USD, they are pretty negligible right now. ASICMINER mines bitcoins, not USD.
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March 27, 2013, 04:58:21 AM
 #2625

I should have posted this here earlier.

https://bitcointalk.org/index.php?topic=159194.0

As someone who's interested in ASICMINER, can someone in here help by answering some questions please?

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March 27, 2013, 01:13:39 PM
 #2626

How I see price of share floating around $56.
The price of the shares shouldn't really be impacted by BTCUSD. While there are operational costs in USD, they are pretty negligible right now. ASICMINER mines bitcoins, not USD.

RMB/Yuan, not USD

I agree it still should not matter for the most part, but it will impact ongoing expenses and capital costs at least in a minor way (and it SHOULD be in OUR favor, since the fiat is on the expense side, not the income side.)

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March 27, 2013, 01:52:31 PM
 #2627

How I see price of share floating around $56.
The price of the shares shouldn't really be impacted by BTCUSD. While there are operational costs in USD, they are pretty negligible right now. ASICMINER mines bitcoins, not USD.

RMB/Yuan, not USD

I agree it still should not matter for the most part, but it will impact ongoing expenses and capital costs at least in a minor way (and it SHOULD be in OUR favor, since the fiat is on the expense side, not the income side.)

Thats exactly right.

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March 27, 2013, 03:41:43 PM
 #2628

Confirmation Satoshis! First week of normal divys!
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March 27, 2013, 03:42:01 PM
 #2629

Another round of dividends?

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March 27, 2013, 03:42:30 PM
 #2630

Another round of dividends?

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March 27, 2013, 03:47:47 PM
 #2631

Got my satoshis in. How much do you guys expect to be paid out per share this round?

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March 27, 2013, 03:48:38 PM
 #2632

Got my satoshis as well, im curious to see what this dividend is

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March 27, 2013, 03:49:19 PM
 #2633

Got my satoshis as well, im curious to see what this dividend is

My bet is .0095
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March 27, 2013, 03:49:54 PM
 #2634

Well the dividend should be halved and halved again since we already got dividend on sunday. So less then normal.

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March 27, 2013, 03:51:28 PM
 #2635

This one will likely be smaller than usual because of the partial payout at double rate earlier this week to finish payout of "initial investment" for IPO.

But I'd expect about 0.013 to 0.015BTC for next weeks, maybe more depending on how much of the 6THash they have up and running by then (friedcat's last update said 50THash by end of April, beginning mid-april, and leading up to that getting the other 6THash online)

This weeks will likely be half that maybe? but we'll see Smiley

I'll throw my guess at 0.007 BTC approx.

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March 27, 2013, 03:53:02 PM
 #2636

Hopefully something substantial comes my way - it's my first ever divs after all.  Tongue

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March 27, 2013, 03:54:05 PM
 #2637

I got a dividend of 0.003775 BTC per share Smiley
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March 27, 2013, 03:54:26 PM
 #2638

Hopefully something substantial comes my way - it's my first ever divs after all.  Tongue

That's sad considering you were doing escrow for so many cheaper shares weeks ago Sad
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March 27, 2013, 03:54:41 PM
 #2639

I've just received 0.003775 per share.

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March 27, 2013, 03:55:41 PM
 #2640

Hopefully something substantial comes my way - it's my first ever divs after all.  Tongue

That's sad considering you were doing escrow for so many cheaper shares weeks ago Sad
Tongue I did escrow for AM shares since the sub 0.3 prices if I remember correctly. Didn't have the time to read over and invest that time...

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