And also, I've posted these damn addresses so many times now that I can't understand how the stock still trades at levels below below AM's on-hand cash per share:
There is no communication from AM. There are lots of addresses out there that have money. That doesn't mean they are gonna send that money to you. There is no reason to believe friedcat has any intention of ever paying any dividend again. This is the BTC world, and you can take your money and run and get away with it. And even if he did this, there would still be tons of fanboys in this very thread defending him based on the fact that he "already paid shareholders back their IPO price many times over" or some such nonsense. AM could have all the hash rate in the world but if they have no intention of honoring the shares and paying out dividends, then the shares are worth nothing.
All that even ignores the fact that the addresses you link to aren't even actually known to belong to AM; it is purely speculation. And for your other points:
In addition to the cash value, there's also stocked inventory, what probably amounts to an unholy sum of fiat in RMB and USD, 3 proprietary chip designs (4 if we'd ever count gen2 for any reason), and (though admittedly dwindling) a surplus of goodwill generated primarily from pulling IPO investors past ROI. I also wouldn't be surprised if gen4 manufacturing was already contracted out and a fiat deposit submitted.
- How much "stocked inventory"? What is it worth? Is anyone buying it? No one knows. No communication.
- How much fiat? Any? Maybe none? Maybe just giant outstanding liabilities and nothing to pay them with? No one knows. No communication.
- 3 proprietary chip designs? One is no longer at all relevant. One is barely good enough to sell barely at cost. And one is nothing but a rumor based on a single post, like false promises about "PR". Is gen 4 real? No one knows. No communication.
- Good will? The only people with good will left towards AM are a few fanboys. Why is the good will dwindling? No communication.
Frankly, AM has shown little but contempt for the shareholders with their complete lack of communication. The shares have lost
98% of their value from their peak and the remaining 2% is propped up by nothing but empty faith and denial by a couple fanboys.
If you have to ask why the shares are worth nothing, realize that this company has:
- no communication
- no dividends
- no credibility
Whether this is FUD or not, it's nice to see someone that doesn't come in here and spout positive shit out of their ass to try to justify FriedCats actions. The situation with AM has gotten extremely bad. Much worse than before. Fried Cat or a board member should address our concerns. Honestly if a board member just dropped in and said I've had contact with FC in the last week and things are progressing I would be happy. But the investors aren't even worth FC spending a second to update.
