Blazed
Casascius Addict
Legendary
 Offline
Activity: 2128
Merit: 1119
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May 30, 2014, 03:51:19 PM |
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here we go!
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KarmaShark
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May 30, 2014, 03:54:07 PM |
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CHING CHINGGGGGGGGG! (I simply could not resist). |
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chriswilmer
Legendary
Offline
Activity: 1008
Merit: 1000
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May 30, 2014, 03:55:06 PM |
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I guess you would have mentioned it if you knew... but, any estimate on when the next dividend payments would be? |
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bitfair
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May 30, 2014, 04:00:54 PM |
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I guess you would have mentioned it if you knew... but, any estimate on when the next dividend payments would be? Looking at the balance sheet, I wouldn't expect dividends any time soon: the company assets are in inventory/materials, not in cash. However, it means that AM has planned a whop-ass expansion! |
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drasted
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May 30, 2014, 04:01:34 PM |
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I guess you would have mentioned it if you knew... but, any estimate on when the next dividend payments would be? unless i'm misunderstanding, probably not until we become cashflow positive. Net Income ฿-3,238.42 $90,526.90 ￥-2,157,635.91
Net Income per Share ฿-0.0081 $0.23 ￥-5.39
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robix
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May 30, 2014, 04:04:35 PM |
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Anyone knows what the Exchange position in cashflow sheet is?
Edit:
OK, I just noticed the 4K BTC Exchange in Expenses seems to be the 2M USD in Income.
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bitfair
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May 30, 2014, 04:08:04 PM |
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Anyone knows what the Exchange position in cashflow sheet is?
Looks like they sold BTC in order to pay the fab or cover other expenses: BTC is on the expense "exchange" side, USD is on the income "exchange" side... |
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silverfuture
Legendary
Offline
Activity: 947
Merit: 1008
central banking = outdated protocol
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May 30, 2014, 04:08:17 PM |
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Sounds like cash conversion to BTC is very difficult at best in that environment. Asicminer needs to provide incentive for customers to pay in BTC.
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BitHub
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May 30, 2014, 04:08:33 PM |
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this looks like terrible news
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cs54
Member
Offline
Activity: 62
Merit: 10
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May 30, 2014, 04:13:40 PM |
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AM could also buy (or build) miners with fiat, and effectively convert fiat to BTC through mining.
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bitfair
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May 30, 2014, 04:13:56 PM |
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this looks like terrible news
Yes, indeed. It looks like AM is working on a longer term business model than most were imagining, using revenues to fund further growth rather than pay dividends... |
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neilol-real
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May 30, 2014, 04:14:36 PM |
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this looks like terrible news
Here comes the buying opportunity - That is a very strong balance sheet, but none of it in cash. That inventory will be converted to cash with little cost. Short sighted investors won't see it this way. |
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BitHub
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May 30, 2014, 04:15:18 PM |
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share price is tanking hard
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CanaryInTheMine
Donator
Legendary
Offline
Activity: 2352
Merit: 1060
between a rock and a block!
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May 30, 2014, 04:15:51 PM |
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this looks like terrible news
Absolutely!! Can I buy your shares then? Anyone wanting to dump their direct shares please PM me! |
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JoTheKhan
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May 30, 2014, 04:16:30 PM |
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Just waiting for the bottom now.
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Anotheranonlol
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May 30, 2014, 04:17:12 PM |
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 I was told there would be a moon  I beleived I'd be rich with these earth shattering gen3 divs then cash out ASAP I sold my BMW for this.now I will end up in a soup kitchen, someone please hold me  |
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sngwinner
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May 30, 2014, 04:17:36 PM |
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So was the last cash flow statement ending on Feb 28 or did he just start his reporting from then? I can't seem to remember seeing one can anyone else? If not what happened in the mean time?
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BitHub
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May 30, 2014, 04:17:59 PM |
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RIP ASICMINER this company is dead and over
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romerun
Legendary
Offline
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
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May 30, 2014, 04:19:44 PM |
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Sounds like cash conversion to BTC is very difficult at best in that environment. Asicminer needs to provide incentive for customers to pay in BTC.
on the bright side, chinese cannot buy bitcoin from the exchanges, they have no other choices but to buy miners, which is good for mining business |
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