ASICMINER: Entering the Future of ASIC Mining by Inventing It

[ace345]

Looking to sell direct shares, if you're interested PM me

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[explorer]

Wow it's getting brutal on Havelock. 

There were a couple of people asking about transfer times recently.  Has it been sorted out, or is it a poor time to be moving shares?  Come to think of it, there were more than a few buy/sell offers here...  Any updates?

[bitcoin.newsfeed]

Next round of shareholders questions - gathering

Dear 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?

[lophie]

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?

[spartan82]

At current prices u can become a board member with around a quarter million now right? Or am I getting these numbers terribly wrong?

[bitcoin.newsfeed]

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.

[explorer]

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...

[gaba]

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.

[lophie]

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 >_> )

[kingcrimson]

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.

[lophie]

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

[explorer]

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 1000BTC.   1000BTC= 650 000. That assumes you could find 5000 shares for that BTC, and 1000 BTC for your dirty pile of fiat.

[bitcoin.newsfeed]

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.

[RoadStress]

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?

[lophie]

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

[mc_lovin]

share in AM costs less than an R-Box..

[kingcrimson]

500 % drop in two days, have never seen such a crash

[jimmothy]

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?

[eiprol]

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.

[NotLambchop]

...
Who even keeps 500+ shares on havelock?

I no, rite?

*But hats off to the manipulators.  Got me fooled