ASICMINER: Entering the Future of ASIC Mining by Inventing It

[dhenson]

Well, that assumption makes sense. How do you know Jutarul flew there just before Friedcat disappeared? A couple of month ago I asked Jutarul via  PM whether he got some information about this whole asicminer situation but never got any reply.

I looked back through my PM history and his trip to China was Nov. so not immediately before, but close enough.

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[kunac]

How's my investment?

[SebastianJu]

How's my investment?

Was that an attempt to joke?

[canth]

How's my investment?

It's somewhere between SNAFU and FUBAR.

[Cablez]

How's my investment?

It ran ran away.........snicker.

[ZephramC]

How's my investment?

Are you looking forward when all the owed unpaid dividends since March 2014 arrive at once? 

[bjack0815]

How's my investment?

Are you looking forward when all the owed unpaid dividends since March 2014 arrive at once? 

Maybe he's waiting for someone who pays him 5BTC each share...

[ZephramC]

How's my investment?

Are you looking forward when all the owed unpaid dividends since March 2014 arrive at once? 

Maybe he's waiting for someone who pays him 5BTC each share...

Well, 4 - 4.5 BTC should be enough. But perhaps this extra 0.5-1 BTC/share should be compensation for the long wait and uncertainty. 

[iCEBREAKER]

How's my investment?

According to RoadStress, your investment is fine.

AM isn't a scam.

The party who suffered is only the company and its shareholders and it was by pure theft or malicious third-party (we still don't have any proof about anything regarding this)! Also it should be noted that the damage wasn't made by unrealistic/optimistic promises or by purely lies by the company towards its customers like in HashFail's case.

See?  All good!

AM "isn't a scam" and no damage was caused by their "unrealistic/optimistic promises."

Time to load up on the cheap shares!

[glendall]

What's truly funny is the shares still being traded on havelock. Even at junk prices, the company doesn't even really exist anymore and still people are trading them like any scammy crapcoin.

[gogxmagog]

What's truly funny is the shares still being traded on havelock. Even at junk prices, the company doesn't even really exist anymore and still people are trading them like any scammy crapcoin.

Exactly. It's no wonder every single offering here is some scam or fail. Obviously people will invest in anything, even a dead horse.

[SebastianJu]

What's truly funny is the shares still being traded on havelock. Even at junk prices, the company doesn't even really exist anymore and still people are trading them like any scammy crapcoin.

Exactly. It's no wonder every single offering here is some scam or fail. Obviously people will invest in anything, even a dead horse.

I think the reason is speculation. They know it is dead but it can't become worse. So when the price would be a satoshi then what can happen? 2 Satoshies? Then this would be a profit of 100%. That's the reason why many people trade altcoins. Though the volume is pretty low.

I really don't think any of them believes that the company has a promising future.

[Swordsoffreedom]

What's truly funny is the shares still being traded on havelock. Even at junk prices, the company doesn't even really exist anymore and still people are trading them like any scammy crapcoin.

Exactly. It's no wonder every single offering here is some scam or fail. Obviously people will invest in anything, even a dead horse.

I think the reason is speculation. They know it is dead but it can't become worse. So when the price would be a satoshi then what can happen? 2 Satoshies? Then this would be a profit of 100%. That's the reason why many people trade altcoins. Though the volume is pretty low.

I really don't think any of them believes that the company has a promising future.

It a weird game of cat and mouse
I know its worth 0 you know its worth 0 but we want to see if someone else will sell it at a higher price than they bought it.
Basically a ponzi that doesn't really shut down until havelock finally delists it.

[gogxmagog]

So there really is something sustainable worth investing here then...

[BitThink]

What's truly funny is the shares still being traded on havelock. Even at junk prices, the company doesn't even really exist anymore and still people are trading them like any scammy crapcoin.

Exactly. It's no wonder every single offering here is some scam or fail. Obviously people will invest in anything, even a dead horse.

I think the reason is speculation. They know it is dead but it can't become worse. So when the price would be a satoshi then what can happen? 2 Satoshies? Then this would be a profit of 100%. That's the reason why many people trade altcoins. Though the volume is pretty low.

I really don't think any of them believes that the company has a promising future.

It a weird game of cat and mouse
I know its worth 0 you know its worth 0 but we want to see if someone else will sell it at a higher price than they bought it.
Basically a ponzi that doesn't really shut down until havelock finally delists it.

Havelock cannot delist it because if they delist they have to convert virtual stock to real one, which is impossible without friedcat.

[canth]

Havelock cannot delist it because if they delist they have to convert virtual stock to real one, which is impossible without friedcat.

This seems unlikely to be true. Give it another 12 months and they'll delist it...with no issuer actively managing the listing, I don't see how this continues indefinitely.

[AltcoinScamfinder]

Multiple product failures so he decided to cut and run. Not sure why anyone would even consider some other possibility.

I mean it really can't be that hard for shareholders in china to investigate this, isn't it? Check out his wife, his employers and all. And surely you will get your own image of everything. Alone that fact that we "believe" that the story about his wife is only an invention is stupid somehow. Nobody can check it? Really? That sounds unbelieveable.

If i would have been heavily invested AND still had enough money to do it, i surely would fly there for a month and check everything out. That this didn't happen is puzzling me... really. Nothing but mist clouds in this case.

Shortly before everything went down, Jutarul flew to China and met with Friedcat and Co.  Then, when he first disappeared and everyone was speculating (March 3rd 2015), Friedcats main mining address where his funds were being placed paid out 3 large payments (5456btc, 2125btc and 9650 btc transactions).  

https://blockchain.info/address/15h6A2a3D31vRviBDdSpvhLtYJq3aePhdW

My assumption has been that he paid off the largest holders and ran. This is obviously compete speculation on my part.

Seems odd that there is still 12k BTC in that address. If I were to run for the hill I sure as hell wouldn't leave all my funds in an address that is so public.

[freedomno1]

Havelock cannot delist it because if they delist they have to convert virtual stock to real one, which is impossible without friedcat.

This seems unlikely to be true. Give it another 12 months and they'll delist it...with no issuer actively managing the listing, I don't see how this continues indefinitely.

Havelock bought the listing from TAT back in the day when they took his shares, so as far as the manager it is Havelock, basically they can delist their own asset whenever they want since no one is paying to have it on their exchange.

[BitThink]

Havelock cannot delist it because if they delist they have to convert virtual stock to real one, which is impossible without friedcat.

This seems unlikely to be true. Give it another 12 months and they'll delist it...with no issuer actively managing the listing, I don't see how this continues indefinitely.

Havelock bought the listing from TAT back in the day when they took his shares, so as far as the manager it is Havelock, basically they can delist their own asset whenever they want since no one is paying to have it on their exchange.

The problem is that according to the contract, the pass value asset holders have the right to convert PV to real AM share. If it was delisted, the holders will certainly want to convert their PV to real share and Havelock certainly cannot do that since friedcat is missing. Then why they delist it just to bring them a lot of trouble? Put it there does not cost anything anyway.

[SebastianJu]

Maybe we should ask these guys https://bitcointalk.org/index.php?topic=1023187.0 if they know something about the whereabout of asicminer's vanished miners that were hosted in mongolia?