Cthulhu
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March 18, 2015, 05:27:55 PM |
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Although there is a nice arbitrage sale there considering
... Yeah, if it was possible to convert 100 shares of AM100 into a single share of AM1. It's not; never was, AFAIK. The AM1/AM100 disparity just makes it obvious that the price of these tokens has nothing to do with the value of the asset they supposedly represent. *Price ฿0.00001310 now, so ~x8 cheaper.
How to Convert Your AM100 (or TAT.ASICMINER) Shares to Direct Shares with Friedcat
1. Using the Transfer feature, push the AM100 (or TAT.ASICMINER) shares to the issuer account. They must be a 105:1 ratio, this means the minimum is 105 AM100 or TAT.ASICMINER shares.
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Silverspoon
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March 18, 2015, 05:30:34 PM |
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...
Although there is a nice arbitrage sale there considering
... Yeah, if it was possible to convert 100 shares of AM100 into a single share of AM1. It's not; never was, AFAIK. The AM1/AM100 disparity just makes it obvious that the price of these tokens has nothing to do with the value of the asset they supposedly represent. *Price ฿0.00001310 now, so ~x8 cheaper.
How to Convert Your AM100 (or TAT.ASICMINER) Shares to Direct Shares with Friedcat
1. Using the Transfer feature, push the AM100 (or TAT.ASICMINER) shares to the issuer account. They must be a 105:1 ratio, this means the minimum is 105 AM100 or TAT.ASICMINER shares.
Ah, I'm 100% dead wrong & stand corrected. Is this still a thing now? *Haven't heard much from TaT since he brought us that other totally legit offering, NeoBee... |
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freedomno1
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Learning the troll avoidance button :)
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March 18, 2015, 05:37:39 PM |
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...
Although there is a nice arbitrage sale there considering
... Yeah, if it was possible to convert 100 shares of AM100 into a single share of AM1. It's not; never was, AFAIK. The AM1/AM100 disparity just makes it obvious that the price of these tokens has nothing to do with the value of the asset they supposedly represent. *Price ฿0.00001310 now, so ~x8 cheaper. Was looking at the buy wall if we look at the Sell wall then the margins are huge between the assets at present 1/2 seemed like a more logical point then 1/8th differences for now (Or the AM1 walls give up some ground) Anyways guess someone did that math its back at around 0.006 so arbitrage is more normalized lol. |
Believing in Bitcoins and it's ability to change the world
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Silverspoon
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March 18, 2015, 05:43:21 PM |
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^I'm generous to a fault tho. Can't leave you in the lurch.
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Jutarul
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March 18, 2015, 07:02:44 PM |
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A quick update re:AMHash
There is a good chance that contract holders will get a significant portion of their principal back. The details are currently being worked out. Please understand that there is currently a lot of blame shifting going on, but AM management shows an active interest in breaking the gridlock in order to be able to concentrate on getting the business back on track.
Right now I'd like to provide the following clues
a) You will not get 100% on the principal amount. While this may hurt AMHash buyers, please note that AM is certainly not making a profit from this failed product in any way.
b) If you consider litigation or are in talks with a lawyer, you may want to wait this one out. Chances are that after taking into account the cost of litigation or lawyer fees you end up with less %. Also the contractual situation is very complex - you may end up suing the wrong company.
c) You may have to prove your contract. Please make sure that you got proper documentation ready. However, if you hold a contract through one of the platforms, there may be a consolidated method which doesn't require proof.
d) If AM recovers from this crisis, there may be more coming down the pipeline for affected people in form of discounts.
I'd like to remind everyone that I am not a company representative, which means I cannot warrant for the correctness of the information provided. Unfortunately the company cannot announce anything until the details have been worked out. Act accordingly.
Also, if you'd be so nice and cross post this to inform AMHash holders - I don't have a map for where AMHash was marketed.
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freedomno1
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Learning the troll avoidance button :)
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March 18, 2015, 07:08:21 PM
Last edit: March 18, 2015, 07:18:37 PM by freedomno1 |
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A quick update re:AMHash
Also, if you'd be so nice and cross post this to inform AMHash holders - I don't have a map for where AMHash was marketed.
Good for the AMHash holders Getting something back at least, should have done a Rockminer retrospectively but the shares are locked trade halt yesterday so everyone in the shareholder list in havelock is there for settlement, no speculation left. Duplicated it in a few places Fanpage updated AMHash official thread And put it in two of the many legal threads to be precise one in a L3sny thread the other an Airwolf lol. |
Believing in Bitcoins and it's ability to change the world
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Silverspoon
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March 18, 2015, 07:09:02 PM |
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.@Jutarul: so TL;DR: Please do nothing while we figure out how to bilk you a bit more.
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elasticband
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Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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March 18, 2015, 07:35:21 PM |
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please note that AM is certainly not making a profit from this failed product in any way.
Well someone is. |
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Jutarul
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March 18, 2015, 08:10:07 PM |
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please note that AM is certainly not making a profit from this failed product in any way.
Well someone is. The only person who could make a clear statement on that would be FC who conveniently vanished into thin air. On that note I will disclose that there has been a board meeting on the 17-JAN-2015 and 25-JAN-2015 and on neither dates FC mentioned that there may be a problem with the mining farm running AMHash. He was even discussing the strategic consideration surrounding a TO of the BE300, for which he failed to find financing. He was asked to compile a joint venture proposal to move the project further. That never happened. It's very frustrating to see how the people who worked closest with FC seemingly have the least amount of information on his whereabouts. That alone reminds me of the dog who didn't bark. .@Jutarul: so TL;DR: Please do nothing while we figure out how to bilk you a bit more.
I know how you feel. Been there. |
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teek
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March 18, 2015, 08:18:16 PM |
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The only person who could make a clear statement on that would be FC who conveniently vanished into thin air. On that note I will disclose that there has been a board meeting on the 17-JAN-2015 and 25-JAN-2015 and on neither dates FC mentioned that there may be a problem with the mining farm running AMHash. He was even discussing the strategic consideration surrounding a TO of the BE300, for which he failed to find financing. He was asked to compile a joint venture proposal to move the project further. That never happened.
"TO of the BE300" ?? What does this mean? |
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Mabsark
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March 18, 2015, 08:23:48 PM |
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Why weren't shareholders informed that AM couldn't finance BE300? "TO of the BE300" ?? What does this mean?
Tape out. |
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teek
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March 18, 2015, 08:24:30 PM |
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Why weren't shareholders informed that AM couldn't finance BE300? "TO of the BE300" ?? What does this mean?
Tape out. derp. thanks |
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teek
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March 18, 2015, 08:27:38 PM
Last edit: March 18, 2015, 08:42:09 PM by teek |
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e) AM has enough funding to stay in business independent of BTC valuation for a considerable amount of time.
The only person who could make a clear statement on that would be FC who conveniently vanished into thin air. On that note I will disclose that there has been a board meeting on the 17-JAN-2015 and 25-JAN-2015 and on neither dates FC mentioned that there may be a problem with the mining farm running AMHash. He was even discussing the strategic consideration surrounding a TO of the BE300, for which he failed to find financing. He was asked to compile a joint venture proposal to move the project further. That never happened.
One of these things is not the truth. Shortage on funding, there was PLENTY of people around to help if they were asked back in NOVEMBER OR DECEMBER. Why is this coming out now? Less than 60 days later after a public statement, behind closed doors looking for funding? WTF |
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Blazed
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March 18, 2015, 08:31:20 PM |
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So in other words... AM is trying to avoid being sued for obvious wrong doing.
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Silverspoon
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March 18, 2015, 08:44:48 PM |
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Shenzhen bit Quan Information Technology Co., Ltd.
Check spelling? |
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flame1012
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March 18, 2015, 09:51:18 PM
Last edit: March 19, 2015, 06:25:39 AM by flame1012 |
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> ALL cloudmining companies are SCAM <
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Jutarul
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March 18, 2015, 10:22:06 PM |
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e) AM has enough funding to stay in business independent of BTC valuation for a considerable amount of time.
The only person who could make a clear statement on that would be FC who conveniently vanished into thin air. On that note I will disclose that there has been a board meeting on the 17-JAN-2015 and 25-JAN-2015 and on neither dates FC mentioned that there may be a problem with the mining farm running AMHash. He was even discussing the strategic consideration surrounding a TO of the BE300, for which he failed to find financing. He was asked to compile a joint venture proposal to move the project further. That never happened.
One of these things is not the truth. Shortage on funding, there was PLENTY of people around to help if they were asked back in NOVEMBER OR DECEMBER. Why is this coming out now? Less than 60 days later after a public statement, behind closed doors looking for funding? WTF For your clarification, FC stated that there is enough funding to keep people employed and working on design for a considerable amount of time. That didn't include major expense items like tape out costs, which he considered timing and market dependent. Obviously it doesn't make sense to spend $10 million on a tape out for a new chip if BTC sells at 1 USD (Reductio ad absurdum). You are correct. Funding should have been secured in November/December the latest. Failure of creating a financial roadmap seems to be a prevalent theme with AM. Unfortunately roadmaps is something which small companies hardly do in their attempt to optimize business agility. If you're frustrated how management carried out their decisions you're in good company. Unfortunately it's too late to change anything about it now. |
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MrTeal
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March 18, 2015, 11:06:44 PM |
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I am at crossroads here with my consciousness, if i pursue this further, it is almost sure they will get executed and in the end i will end up with no money and with some dead guys in my purse. The Chinese gov. and the Russian gov. are best friends right now and if this comes to their knowledge, they will not spare some lives for satisfying their Russian friends.
This is the vengeance option.
At this point, i would like to summon the opinion of the users of consciousness, seriously, no jokes or insults, just for this time, behave like men, men of honor and consciousness .
You're at a crossroads with your sanity. No joke. Seek help. Delusional. Seems reasonable to me. Boris here just calls up his buddy Vladimir, who dials Jinping, and bing bang boom it's a dead cat. |
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Digigami
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March 18, 2015, 11:11:41 PM |
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Can someone point me to a post which describes the relationship between ASICMINER and AMHash?
I had believed it was a separate entity, and did not effect the core business. But now I am not certain, a post stating the AM Board is working on relief for AMHash holders and nothing in regards to AM holders is rather confusing.
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