cderong
Newbie
 Offline
Activity: 7
Merit: 0
|
 |
October 01, 2014, 05:07:00 PM |
|
Did cat go to "Occupy Central" ?
|
|
|
|
|
|
|
|
|
|
In order to achieve higher forum ranks, you need both activity points and merit points.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
sngwinner
|
|
October 01, 2014, 05:34:17 PM |
|
A new month and still no update.
Board members I'm sure a lot of us would appreciate any new information you could provide. Even if it's as simple as Friedcat plans on making a statement sometime this month.
|
|
|
|
Fortega
Full Member
Offline
Activity: 155
Merit: 100
bitcoinAdd.net
|
|
October 01, 2014, 07:08:57 PM |
|
I'm pretty sure the board members don't know more than we do at the moment... Otherwise one of them would have said something already.
|
|
|
|
|
Bonam
|
|
October 02, 2014, 12:29:44 AM |
|
I'm pretty sure the board members don't know more than we do at the moment... Otherwise one of them would have said something already.
To the contrary, given Jutarul's latest posts, it seems clear that board members are privy to information that is not released to the general public. Besides the obvious issue of everyone wanting to know what the heck is up with AM, the other problem here is of course insider trading, against which there are absolutely no safeguards in the BTC economy. Given the continuous downward pressure on prices, I'm guessing that whatever inside information exists is likely not very favorable. |
|
|
|
|
freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
|
|
October 02, 2014, 02:17:48 AM |
|
Well going to say it Friedcat is officially late for his declaration oh and can go full bear now since that bet got shot down hardcore If people remember that bet  Congrats free btc should lower this thing to 0.3 to actually get a real bet going ^_^ |
Believing in Bitcoins and it's ability to change the world
|
|
|
Chris_Sabian
Legendary
Offline
Activity: 896
Merit: 1001
|
|
October 02, 2014, 02:18:10 AM |
|
I'm pretty sure the board members don't know more than we do at the moment... Otherwise one of them would have said something already.
To the contrary, given Jutarul's latest posts, it seems clear that board members are privy to information that is not released to the general public. Besides the obvious issue of everyone wanting to know what the heck is up with AM, the other problem here is of course insider trading, against which there are absolutely no safeguards in the BTC economy. Given the continuous downward pressure on prices, I'm guessing that whatever inside information exists is likely not very favorable. How can you make a statement about insider information being negative if you say that board members have information that is not released to the public? |
|
|
|
|
|
Bonam
|
|
October 02, 2014, 05:59:46 AM |
|
How can you make a statement about insider information being negative if you say that board members have information that is not released to the public?
Just based on price. Board members can insider trade. There are no rules to stop them from doing so. If board members had reason to believe that AM was going to perform well and start paying dividends in the foreseeable future, they would buy more shares, and that would raise the price. Clearly, that hasn't been happening. Therefore, any insider information that exists is, at the very least, not sufficient to warrant a stock price higher than what it currently is. |
|
|
|
|
hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
|
|
October 02, 2014, 06:44:47 AM
Last edit: October 02, 2014, 08:27:00 AM by hdbuck |
|
How can you make a statement about insider information being negative if you say that board members have information that is not released to the public?
Just based on price. Board members can insider trade. There are no rules to stop them from doing so. If board members had reason to believe that AM was going to perform well and start paying dividends in the foreseeable future, they would buy more shares, and that would raise the price. Clearly, that hasn't been happening. Therefore, any insider information that exists is, at the very least, not sufficient to warrant a stock price higher than what it currently is. I have to disagree with this.. 1/ boardmembers have 5k+ AM shares, so why would they bother with 100+ shares here and there?! 2/ if insider information would be negative, they could not liquidate all their shares anyway so it would be better not selling at all and hoping for the best (thats what boardmembers are meant to do, as in sinking with the ship)- if not doing the exact opposite by pumping to get a better selling price 3/ if insider information would be positive, they still would have 5k+ shares anyway so it would not matter pumping the price up - better do the opposite obviously, squeezing the weak crying babies. Hence, given 3/ and the current situation, *if insider trading there was, i would tend to think that there is positive information. But to me it is just the market price due to lack of divs (and communication), not to mention the illiquidity of the shares. Once they resume i expect a nice firework tho  |
|
|
|
|
|
Fabrizio89
|
|
October 02, 2014, 07:48:36 AM |
|
1/ boardmembers have 5k+ AM shares, so why would they bother with 100+ shares here and there?!
Because Bitcoin wasn't at 380$ when they bought their shares. |
|
|
|
|
hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
|
|
October 02, 2014, 08:00:04 AM
Last edit: October 02, 2014, 08:24:23 AM by hdbuck |
|
1/ boardmembers have 5k+ AM shares, so why would they bother with 100+ shares here and there?!
Because Bitcoin wasn't at 380$ when they bought their shares. maybe, but i think they also have lots of BTC wiating on their laps anyway. a boardmember is here for the long haul i would guess. plus, with bitcoin currently in uber bearish mood, keeping AM shares could be a good hedge against BTC price tanking even more and prevent some fool panic selling. anyway, leave it to the speculation thread, here is AM official thread, im just gonna wait for the cat to pop up. war is on. in the end there will be only one standing.   |
|
|
|
|
gogxmagog
Legendary
Offline
Activity: 1456
Merit: 1010
Ad maiora!
|
|
October 02, 2014, 08:06:38 AM |
|
I would like to believe hdbuck 's scenario rather than think insider info has board members running for the exit. Of course I have high hopes for AM to succeed, and I am growing weary of the wait...for...anything...
It is golden week in China iirc and everyone is on holiday. We aren't going to get any news this week. Annual meeting and financial report was at the end of October last year, was it not? I guess we won't hear anything until then, no? I hate this.
|
|
|
|
|
bitsalame
Donator
Hero Member
Offline
Activity: 714
Merit: 510
Preaching the gospel of Satoshi
|
|
October 02, 2014, 08:14:21 AM |
|
Well, I can speak for myself.
My holdings are not negligible in AsicMiner, and I haven't panicked. Not even now.
This is a spectacular time to buy more shares.
Just remember the bullet points in the "salon".
|
|
|
|
|
michaelGedi
Sr. Member
Offline
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
|
|
October 02, 2014, 10:25:09 AM |
|
Many points have been raised already in recent history that should be a enough to survive on information wise. Although there have been some missed deadlines, which is not ideal. The main question mark in the air is self mining, as in, how much is online already and why have we not heard anything about it since friedcat's last post. The obvious answer is - with an ever changing situation with regards to bitcoin price, a static strategy is not necessarily the best answer. Another obvious answer is - if the cash flow is not positive (positive enough) yet, then why bother paying divs, perhaps time is needed for the situation to evolve before throwing large sums of money around? A certain level of security in AM's position would be needed. A speculative (and hopeful) answer is, when the more efficient prismas are in full scale production, if the sales are successful enough, they will answer the all the questions. Cash flow will become positive enough to share the wealth, mines will be of a size worth announcing. And of course, gen4 will be great, on spec, on time, BTC price will go up simultaneously with it's release, and all that  |
|
|
|
|
funkymunky
|
|
October 02, 2014, 10:27:02 AM |
|
Well, I can speak for myself.
My holdings are not negligible in AsicMiner, and I haven't panicked. Not even now.
This is a spectacular time to buy more shares.
Just remember the bullet points in the "salon".
Exactly |
|
|
|
|
|
NotLambchop
|
|
October 02, 2014, 11:26:35 AM |
|
...
This is a spectacular time to buy more shares.
... And getting more spectacular by the day. |
|
|
|
|
cs54
Member
Offline
Activity: 62
Merit: 10
|
|
October 02, 2014, 01:18:37 PM |
|
So spectacular it almost hurts!
|
|
|
|
|
hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
|
|
October 02, 2014, 01:25:33 PM |
|
...
This is a spectacular time to buy more shares.
... And getting more spectacular by the day. just like bitcoin  |
|
|
|
|
|
NotLambchop
|
|
October 02, 2014, 01:53:22 PM |
|
...
This is a spectacular time to buy more shares.
... And getting more spectacular by the day. just like bitcoin You do realize that only compounds AM's Spectacular_factor, right? So if AM price (in BTC) fell by 50%, and BTC price also fell by 50%, your $$$ losses are 75%  |
|
|
|
|
hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
|
|
October 02, 2014, 01:55:41 PM
Last edit: October 02, 2014, 02:20:36 PM by hdbuck |
|
...
This is a spectacular time to buy more shares.
... And getting more spectacular by the day. just like bitcoin You do realize that only compounds AM's Spectacular_factor, right? So if AM price (in BTC) fell by 50%, and BTC price also fell by 50%, your $$$ losses are 75% yea, until they both rise +1000%  plus i dont care about $$$ losses. it is already worth nothing to me anyway |
|
|
|
|
|
NotLambchop
|
|
October 02, 2014, 01:58:02 PM |
|
^
That's the spirit!
|
|
|
|
|
|
