bitcoin.newsfeed
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June 01, 2014, 07:00:29 AM |
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Next round of shareholders questions - gatheringDear shareholders, we've gathered 20 questions so far, still 3hours until forwarding them to Friedcat. If you want to add something, don't hesitate to write it here, or in PM. Closing time for this round of questions is 1st of June 2014 12:00 UTC +01:00 1) On the Balance Sheet, approximately how many chips does the current Inventory (Products + Materials + Masks) represent?
2) How many months of inventory do you estimate that represents?
3) On the Cash Flow there was significant expenses for gen3 production (~6mil USD). Does that represent the bulk of gen3 expenses, or are the expenses for gen3 going to continue (additional wafer batches ordered, etc.)?
4) When will dividends start, and how frequently will they occur?
5) What is the status of gen 3.1 (shipping to customers, I think?)? How much does it help with energy usage -- do we have final chip performance numbers yet?
6) What is the progress on gen4?
7) What is the status of self mining? What is the rollout schedule for the data centers?
8 ) What is the status of franchising partners? When can we expect to see income from them?
9) Can you please clarify this sentence from 21st April : "The dividend schedule will be aggressive, as AM will not require large sums of retained capital." < is this still actual, or meanwhile something changed?
10) What is the average selling price of AM gen3 chips (price per Gh/s)?
11) What is that ~4M CNY in financial report/expenses at exchange?
12) What is the cash flow ratio between the amount of Chips Fabricated and the percentage of the batch that is dedicated to cost.
13) What is the Break Even Point of this batch of Chips?
14) What is the estimated conversion time from chip sales to dividends?
15) Will the funds from future Gen 3 chips be used to fund Gen 4 chips or distributed as a dividend, and what relative percentage of income will be retained for Gen 4?
16) Previously our Asicminer farm was mining bitcoins and distributing a weekly dividend, will Asicminer update its present hash rate in the mining farms to account for current difficulty changes and to procure a secondary supply of Bitcoins to adapt for rapid changes in Bitcoin prices?
17) What ever happened to the dedicated PR person and should AM make a website for distributors and for Chip inquiries?
18) Can we please get weekly, bi-weekly or monthly updates about progress, plans, sales etc. for preventing FUD in this thread?
19) Can you please communicate more clearly/frequently with shareholders?
20) What are the future plans and visions of Asicminer?
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... Question Everything, Believe Nothing ...
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lophie
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June 01, 2014, 07:08:05 AM |
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Guys, I understand the financial statement was very bad. But do you think it justifies the current prices? The upcoming numbers are still looking pretty good to me, no?
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Will take me a while to climb up again, But where is a will, there is a way...
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spartan82
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June 01, 2014, 07:13:03 AM |
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At current prices u can become a board member with around a quarter million now right? Or am I getting these numbers terribly wrong?
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bitcoin.newsfeed
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June 01, 2014, 07:17:06 AM |
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Guys, I understand the financial statement was very bad. But do you think it justifies the current prices? The upcoming numbers are still looking pretty good to me, no?
On the second look, that financial statement is not THAT bad. Reinvesting profits back into the company especially when there is a cheap spare space in fab lab, seems like a good mid-term idea. I suggest to wait for answers from Friedcat. Lot of panic here.
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... Question Everything, Believe Nothing ...
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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June 01, 2014, 07:18:33 AM |
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Guys, I understand the financial statement was very bad. But do you think it justifies the current prices? The upcoming numbers are still looking pretty good to me, no?
Yep, just lean on dividends. I'm still betting on a good summer. Did some dust sweeping, and managed to increase my position, very modestly The way Havelock is trending, maybe I should have waited longer...
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gaba
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June 01, 2014, 07:19:33 AM |
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Guys, I understand the financial statement was very bad. But do you think it justifies the current prices? The upcoming numbers are still looking pretty good to me, no?
No, the price will be lower. Friedcat are selling low priced chips for USD to his friends. USD/BTC conversion is became another problem beside recent price increase. Maybe some another friend can help with exchange.
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LWWE6dtTUXuaq36KTCne5XqMQHfhfwpadC
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lophie
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June 01, 2014, 07:21:10 AM |
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Guys, I understand the financial statement was very bad. But do you think it justifies the current prices? The upcoming numbers are still looking pretty good to me, no?
On the second look, that financial statement is not THAT bad. Reinvesting profits back into the company especially when there is a cheap spare space in fab lab, seems like a good mid-term idea. I suggest to wait for answers from Friedcat. Lot of panic here. So basically price fell 75% overnight because friedcat is not giving the EXISTING money NOW but a little bit LATER because he can use it to MAKE MORE in a SHORT PERIOD. My guess it is one big shareholder that pulled a 100$ a bitcoin like what happened recently (for those who do not know after a recent FUD someone sold enormous amount of Bitcoins in one go pulling the price down from $700-$800 to 100$ for one second! genius right >_> )
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Will take me a while to climb up again, But where is a will, there is a way...
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kingcrimson
Legendary
Offline
Activity: 1025
Merit: 1000
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June 01, 2014, 07:22:23 AM |
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Guys, I understand the financial statement was very bad. But do you think it justifies the current prices? The upcoming numbers are still looking pretty good to me, no?
On the second look, that financial statement is not THAT bad. Reinvesting profits back into the company especially when there is a cheap spare space in fab lab, seems like a good mid-term idea. I suggest to wait for answers from Friedcat. Lot of panic here. The conspiracies that they are failing intentionally because they want to phase out shareholders, is fueling some of the panic as well.
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lophie
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June 01, 2014, 07:25:17 AM |
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selling to friends, wanting to phaseout shareholders? The other version of that exact FUD: 1- We are selling lower because the market is competitive. 2- the phasedout shareholders are the ones with weak hands. I don't deny the price fall screwed me over last night as I was making an awesome javascript bitcoin MPK generator.... you guys really took the fun out of that for me
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Will take me a while to climb up again, But where is a will, there is a way...
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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June 01, 2014, 07:26:21 AM |
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At current prices u can become a board member with around a quarter million now right? Or am I getting these numbers terribly wrong?
simplified: 5 shares for 1 BTC, 5000 shares for 1000 BTC. 1000 BTC= 650 000. That assumes you could find 5000 shares for that BTC, and 1000 BTC for your dirty pile of fiat.
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bitcoin.newsfeed
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June 01, 2014, 07:35:25 AM |
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So basically price fell 75% overnight because friedcat is not giving the EXISTING money NOW but a little bit LATER because he can use it to MAKE MORE in a SHORT PERIOD.
yes, you got it Bitcoinland securities market... I saw this earlier, just grab some popcorn and quietly wait for official update.
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... Question Everything, Believe Nothing ...
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RoadStress
Legendary
Offline
Activity: 1904
Merit: 1007
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June 01, 2014, 08:10:00 AM |
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Guys, I understand the financial statement was very bad. But do you think it justifies the current prices? The upcoming numbers are still looking pretty good to me, no?
On the second look, that financial statement is not THAT bad. Reinvesting profits back into the company especially when there is a cheap spare space in fab lab, seems like a good mid-term idea. I suggest to wait for answers from Friedcat. Lot of panic here. So basically price fell 75% overnight because friedcat is not giving the EXISTING money NOW but a little bit LATER because he can use it to MAKE MORE in a SHORT PERIOD. How sure are you that he can make more money in a short period of time?
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lophie
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June 01, 2014, 08:14:08 AM |
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Guys, I understand the financial statement was very bad. But do you think it justifies the current prices? The upcoming numbers are still looking pretty good to me, no?
On the second look, that financial statement is not THAT bad. Reinvesting profits back into the company especially when there is a cheap spare space in fab lab, seems like a good mid-term idea. I suggest to wait for answers from Friedcat. Lot of panic here. So basically price fell 75% overnight because friedcat is not giving the EXISTING money NOW but a little bit LATER because he can use it to MAKE MORE in a SHORT PERIOD. How sure are you that he can make more money in a short period of time? VERY sure. but cannot deny the recent panic almost gave me a panic attack....... or maybe it indeed did
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Will take me a while to climb up again, But where is a will, there is a way...
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mc_lovin
Legendary
Offline
Activity: 1190
Merit: 1000
www.bitcointrading.com
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June 01, 2014, 09:21:47 AM |
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share in AM costs less than an R-Box..
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kingcrimson
Legendary
Offline
Activity: 1025
Merit: 1000
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June 01, 2014, 09:29:12 AM |
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500 % drop in two days, have never seen such a crash
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jimmothy
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June 01, 2014, 09:29:19 AM |
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share in AM costs less than an R-Box..
Just watched someone dump 500+ shares at once. Weak attempt at market manipulation (or bad trading at the least) Who even keeps 500+ shares on havelock?
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eiprol
Member
Offline
Activity: 117
Merit: 10
bitarchitect
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June 01, 2014, 09:36:20 AM |
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Nothing has changed since yesterday, nor the day before. All this panic happened just because of a conversation with TAT? Jeez, wait at least until we have official response to the round of questions! ...and now 500 shares dumped? I'm not sure if someone is tryining to manipulate people to buy cheaper, or it was just the worst trading operation ever. Don't forget that when someon sells, is because someone has bought It's true that we all were expecting dividends, but don't you realize that this reinvestment means an increase in stock and a bigger final revenue? I've been here since IPO, and I have more than x20 my initial investment since then due to dividends and shares; FC has my confidence.
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NotLambchop
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June 01, 2014, 09:36:39 AM |
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... Who even keeps 500+ shares on havelock?
I no, rite? *But hats off to the manipulators. Got me fooled
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Gabit
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June 01, 2014, 09:46:05 AM |
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Nothing has changed since yesterday, nor the day before. All this panic happened just because of a conversation with TAT? Jeez, wait at least until we have official response to the round of questions! ...and now 500 shares dumped? I'm not sure if someone is tryining to manipulate people to buy cheaper, or it was just the worst trading operation ever. Don't forget that when someon sells, is because someone has bought It's true that we all were expecting dividends, but don't you realize that this reinvestment means an increase in stock and a bigger final revenue? I've been here since IPO, and I have more than x20 my initial investment since then due to dividends and shares; FC has my confidence. As do I, and I'm too been here from the start. I usually don't post in here as this thread has retarted to a noob rollercoaster and troll magnet.
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bitcoin.newsfeed
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June 01, 2014, 10:01:35 AM |
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Shareholders questions were submitted to Friedcat. Thank you all for taking the time to participate in this round of shareholders questions. 1) On the Balance Sheet, approximately how many chips does the current Inventory (Products + Materials + Masks) represent?
2) How many months of inventory do you estimate that represents?
3) On the Cash Flow there was significant expenses for gen3 production (~6mil USD). Does that represent the bulk of gen3 expenses, or are the expenses for gen3 going to continue (additional wafer batches ordered, etc.)?
4) When will dividends start, and how frequently will they occur?
5) What is the status of gen 3.1 (shipping to customers, I think?)? How much does it help with energy usage -- do we have final chip performance numbers yet?
6) What is the progress on gen4?
7) What is the status of self mining? What is the rollout schedule for the data centers?
8 ) What is the status of franchising partners? When can we expect to see income from them?
9) Can you please clarify this sentence from 21st April : "The dividend schedule will be aggressive, as AM will not require large sums of retained capital." < is this still actual, or meanwhile something changed?
10) What is the average selling price of AM gen3 chips (price per Gh/s)?
11) What is that ~4M CNY in financial report/expenses at exchange?
12) What is the cash flow ratio between the amount of Chips Fabricated and the percentage of the batch that is dedicated to cost.
13) What is the Break Even Point of this batch of Chips?
14) What is the estimated conversion time from chip sales to dividends?
15) Will the funds from future Gen 3 chips be used to fund Gen 4 chips or distributed as a dividend, and what relative percentage of income will be retained for Gen 4?
16) Previously our Asicminer farm was mining bitcoins and distributing a weekly dividend, will Asicminer update its present hash rate in the mining farms to account for current difficulty changes and to procure a secondary supply of Bitcoins to adapt for rapid changes in Bitcoin prices?
17) What ever happened to the dedicated PR person and should AM make a website for distributors and for Chip inquiries?
18) Can we please get weekly, bi-weekly or monthly updates about progress, plans, sales etc. for preventing FUD in this thread?
19) Can you please communicate more clearly/frequently with shareholders?
20) What are the future plans and visions of Asicminer?
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... Question Everything, Believe Nothing ...
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