ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Fortega]

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]

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]

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

___________

Asicminer Over 1 BTC by October 2014Options: Yes | No

Congrats free btc should lower this thing to 0.3 to actually get a real bet going ^_^

[Chris_Sabian]

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]

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]

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]

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]

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]

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]

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]

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]

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]

...
This is a spectacular time to buy more shares.
...

And getting more spectacular by the day.

[cs54]

So spectacular it almost hurts!

[hdbuck]

...
This is a spectacular time to buy more shares.
...

And getting more spectacular by the day.

just like bitcoin

[NotLambchop]

...
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]

...
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]

^

That's the spirit!

[hdbuck]

^
That's the spirit!

[webbrowser]

plus i dont care about $$$ losses. it is already worth nothing to me anyway

Wow, can I have some of those worthless stuff?