ASICMINER: Entering the Future of ASIC Mining by Inventing It

[MichaelBliss]

Why are there no financials anyway? What reasons could they have? Let's see...

An accountant is said to be working on the AM financials, according to some post buried pages back.  I guess the reasons for not having presented them would include: they have no need to.   Though it would be nice for the shareholders and possibly the share price.

I'm hoping Friedcat comes on with the financial report sometime in January at least.  Plus, maybe an executive summary this time.

[freedomno1]

yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"

Well Venture capital is there for those unfortunate events...
Still I hope were not writing new pages a few months from now about how this was a secret Ryan Kennedy operation and to fund their operations gap they transfer ownership to a scammer like Moolah did.

I don't mean to argue but, seriously - venture capital is NOT there for such things!   It is there to make a return for the investors.  PERIOD.  

Insurance policies are there for such things!

 Yes and occaisionally negative returns - Solyndra Amp'd Mobile lost ~ $360million. (edit Solyndra lost considerably more for VCs)   There's a fairly long list of VC funded companies that are now bankrupt.  Fortunately for us, Asicminer hasn't sought finds from venture capitalists... at least not according to the last financial statements

@ Michael
Correct and feel free to point that out VC is not meant for that was using a bit of dark humor there myself.
As an aside I don't think that Bitstamp would have USD backed insurance to insure their operations like banks do at this time since there is no CDIC/FDIC requirement, so in regards to if they could insure those type of losses I'm not certain they can.

@xhome
It still has the same equity distribution as when it launched no new announcement on that so assume its the same, well till financials are released.
163,962 Shareholders  236,038 Bitfountain

[superduh]

looks like cointerra may be leaving the game

[gogxmagog]

looks like cointerra may be leaving the game

can you please elaborate?

EDIT- nevermind, I just went and read for myself. They've been circling the drain forever. I just forgot about them in the sea of flailing dissapointments that is everything connected to BTC mining (even BTC itself these days)

honestly though, I'm just holding my breath, hoping against hope that the next we hear from FC it ISN'T going to be something along the lines of; "Things are going great over here, we've taken all the profits from sales and projected future profits to create AMCOIN!!!! Premined, 99% owned by AM, and guess what guys??? You can go spend more of your money on them when we IPO next month. Financials soon "

It would make me barf, but not make me surprised.

[romerun]

http://www.reddit.com/r/BitcoinMarkets/comments/2rkl6n/mining_manufacturers_bankruptcies_coming/

[gogxmagog]

AM payed upfront, or am I wrong here?
I seem to recall they have no debts, at least from last gen.
Plus they promised they have enough BTC to keep going for a long time. Whatever that means.

So. Fried Cat, or par-boiled master of ours, please assauge our fears. Lay some fuckin numbers on us d00d

[completelyclueless]

Hello,

I've been out of this game for quite some time and was wondering how to go about checking my direct shares. I purchased my shares from BTC-TC about a year and a half ago and knew they were converted to direct shares upon the closing of the site.

I would like to transfer my direct shares to Havelock. I am aware of the process of moving them into Havelock, but I am not sure what information (which of my public BTC addresses and email addresses) Asicminer has on record. How would I go about determining what info AM has in their database?

[jimmothy]

Hello,

I've been out of this game for quite some time and was wondering how to go about checking my direct shares. I purchased my shares from BTC-TC about a year and a half ago and knew they were converted to direct shares upon the closing of the site.

I would like to transfer my direct shares to Havelock. I am aware of the process of moving them into Havelock, but I am not sure what information (which of my public BTC addresses and email addresses) Asicminer has on record. How would I go about determining what info AM has in their database?

Check to see which address has been receiving dividends.

Here's the address they use to send out divs: https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF

They used multiple addresses to send out the last div but you should have got several divs after btct closed.

[dhenson]

Hello,

I've been out of this game for quite some time and was wondering how to go about checking my direct shares. I purchased my shares from BTC-TC about a year and a half ago and knew they were converted to direct shares upon the closing of the site.

I would like to transfer my direct shares to Havelock. I am aware of the process of moving them into Havelock, but I am not sure what information (which of my public BTC addresses and email addresses) Asicminer has on record. How would I go about determining what info AM has in their database?

This spreadsheet is "almost" complete for the most recent dividend.  Check the 11/24/2014 tab for your public address that holds your shares.  That will serve as sufficient verification that you actually hold the shares.  

https://docs.google.com/spreadsheets/d/1uBfB6IoNYzs_JDSZAVOSyaLrZj4eiTe_VfEQCaYXoKQ/edit?usp=sharing

Once that is done, you can follow the instructions on Havelock to transfer them:
https://www.havelockinvestments.com/fund.php?symbol=AM1

[newIndia]

Hello,

I've been out of this game for quite some time and was wondering how to go about checking my direct shares. I purchased my shares from BTC-TC about a year and a half ago and knew they were converted to direct shares upon the closing of the site.

I would like to transfer my direct shares to Havelock. I am aware of the process of moving them into Havelock, but I am not sure what information (which of my public BTC addresses and email addresses) Asicminer has on record. How would I go about determining what info AM has in their database?

Can you please tell me a bit more about this BTC-TC thing ? Never heard of it before...

[HarmonLi]

I think financials are pretty redundant at this point. I bet FC has invested pretty much every liquid penny into the deployment of gen 4. Would love a heads-up or an ETA on the progress on the final BE300 chip, by the way 

[Dexter770221]

....
Can you please tell me a bit more about this BTC-TC thing ? Never heard of it before...

Trading platform that was closed over a year ago.
https://btct.co/

[jjdub7]

....
Can you please tell me a bit more about this BTC-TC thing ? Never heard of it before...

Trading platform that was closed over a year ago.
https://btct.co/

Recent news RE: BTCTC too for further reference: http://www.oregonlive.com/business/index.ssf/2014/12/sec_cracks_down_on_bitcoin_exc.html

Jeez, and that wasn't even the first one.  I was on scam artist Jon Montroll/Ukyo's BitFunder before I noticed BTCTC.  Good thing burnside built such a nice interface for the platform or else I would've prob stuck with BitFucker.  The caveat emptor really stuck with me - I discovered BTC right after the collapse of GLBSE.

Anyone know how FC&Co vet the platforms before deciding on passthrough options?

[HarmonLi]

....
Can you please tell me a bit more about this BTC-TC thing ? Never heard of it before...

Trading platform that was closed over a year ago.
https://btct.co/

Recent news RE: BTCTC too for further reference: http://www.oregonlive.com/business/index.ssf/2014/12/sec_cracks_down_on_bitcoin_exc.html

Jeez, and that wasn't even the first one.  I was on scam artist Jon Montroll/Ukyo's BitFunder before I noticed BTCTC.  Good thing burnside built such a nice interface for the platform or else I would've prob stuck with BitFucker.  The caveat emptor really stuck with me - I discovered BTC right after the collapse of GLBSE.

Anyone know how FC&Co vet the platforms before deciding on passthrough options?

I think they can only do their best and do some due diligence. They're kinda experienced, but even they couldn't keep said exchanges form collapsing. It isn't as bad with shares as with BTC, since shares may be returned to the owners when an exchanges goes down.

[Mabsark]

Anyone know how FC&Co vet the platforms before deciding on passthrough options?

AM never ran any of the passthroughs. Burnside ran the passthrough on BTC-TC, DeadTerra ran the one on BitFunder which TAT later took over. TAT also ran the one on Havelock until Havelock took over.

[drasted]

I think financials are pretty redundant at this point. I bet FC has invested pretty much every liquid penny into the deployment of gen 4. Would love a heads-up or an ETA on the progress on the final BE300 chip, by the way 

How are they redundant?

[jdany]

I think financials are pretty redundant at this point. I bet FC has invested pretty much every liquid penny into the deployment of gen 4. Would love a heads-up or an ETA on the progress on the final BE300 chip, by the way  

How are they redundant?

Prior to the BE200 release, the financials showed lots of purchased inventory.  Little cash.  Little bitcoin.
These financials are assumed to show lots of purchased inventory.  Little cash.  Little bitcoin.

I'm assuming that's what HarmonLi meant by it.

https://docs.google.com/spreadsheets/d/12wJMe3A6Ie8ris86m2OJ_1vucurdcVtM3fDkNCjKIRI/htmlview?usp=sharing&sle=true

[drasted]

I think financials are pretty redundant at this point. I bet FC has invested pretty much every liquid penny into the deployment of gen 4. Would love a heads-up or an ETA on the progress on the final BE300 chip, by the way  

How are they redundant?

Prior to the BE200 release, the financials showed lots of purchased inventory.  Little cash.  Little bitcoin.
These financials are assumed to show lots of purchased inventory.  Little cash.  Little bitcoin.

I'm assuming that's what HarmonLi meant by it.

https://docs.google.com/spreadsheets/d/12wJMe3A6Ie8ris86m2OJ_1vucurdcVtM3fDkNCjKIRI/htmlview?usp=sharing&sle=true

But if we get the financials we won't need to assume. It's important for investors to know the position the company is currently in.
I really don't see how it could be redundant

[explorer]

I think financials are pretty redundant at this point. I bet FC has invested pretty much every liquid penny into the deployment of gen 4. Would love a heads-up or an ETA on the progress on the final BE300 chip, by the way 

How are they redundant?

Prior to the BE200 release, the financials showed lots of purchased inventory.  Little cash.  Little bitcoin.
These financials are assumed to show lots of purchased inventory.  Little cash.  Little bitcoin.

I'm assuming that's what HarmonLi meant by it.

https://docs.google.com/spreadsheets/d/12wJMe3A6Ie8ris86m2OJ_1vucurdcVtM3fDkNCjKIRI/htmlview?usp=sharing&sle=true

From past statements, they have lots of cash on hand.  -  statement to the effect: we don't have to worry about selling BTC for $ for a long time  -   I would think that they also have lots of btc on hand by now as well, Mining since July with a goal of 30-40% network.  And of forcing the hands of the competition.  See them dropping like flies?  this should be good news.  The Prismas were a setback, but hopefully a learning experience not to be repeated.  I'm picturing an exahash of cutting edge equipment deployed this spring for our enrichment, just as the btc price explodes - filling our laps with glittering bitcoins.  Sound good?  I like it
 

[gogxmagog]

The market moves on little to no information, suggesting inside moves from Bitfountain. This security has done nothing for the public shareholder for over a year but still the share price fluctuates. Someone, if aware, is making a killing shorting the hell outta this stick in the mud.
It ain't me.