Mabsark
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November 22, 2014, 09:39:58 AM |
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a) financials statements are currently in preparation and start getting processed next week.
holy de-ja-vu batman. anyone buying this rerun? What rerun? Previous financial statements:
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keystroke
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November 22, 2014, 10:06:20 AM |
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I am going to make a pre-announcement to serve some open questions. a) financials statements are currently in preparation and start getting processed next week. Dependent on how long the accountant needs, the financial statements should be accessible shortly after b) FC has committed to making a dividend payment soon to clear OTC and provide a new public checkpoint for shareholder balances. c) The need for a better information handling with shareholders is being recognized and it's been suggested to prepare a dedicated website to handle company matters. It's part of an internal restructuring effort. I'll let the responsible person provide more details, but I assume that suggestions from shareholders on the best way to implement it (e.g. forum, realtime chat room, ticket systems) are welcome. d) the good news is that the company is alive and kicking. Based on my assessment they have a solid product and new stuff in the pipeline, which should allow the company to generate revenues to sustain growth. The biggest advantage of AM is its focus on cost competitiveness and solid relationships with suppliers, which allows them to grow the company organically. The bad news is that a lot of opportunity got lost in FY14 and supply chain and product problems prevented AM from generating the expected profit margins. That said FY14 has been a bad year for most companies in the mining space, and thus AM is not a particular exception. e) AM has enough funding to stay in business independent of BTC valuation for a considerable amount of time. f) The low valuation of AM has not gone unnoticed. While valuation is currently not an impediment to AM's business, it is recognized as a weakness and may have to be dealt with appropriately at a future point in time.
Is there any chance of getting shares onto a distributed exchange to facilitate price discovery?
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"The difference between a castle and a prison is only a question of who holds the keys."
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FUR11
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FURring bitcoin up since 1762
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November 22, 2014, 01:57:14 PM |
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I'd really love to know what Jutarul thinks is the great next thing in the pipeline. I wonder whether he is purely talking about the BE300 or if there's (another) killer product! This is going to be interesting. I hope the financial report isn't dismal. Keep in mind that we're currently financing gen 4 production and ramping up the production of the miners. Don't panic. I'll go grab some cheap shares, otherwise ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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RoadStress
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November 22, 2014, 02:43:49 PM |
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That said, AM may still be the most transparent mining device supplier on the market, simply due to the need to disclose financial statements.
I am waiting since July for the self-mining hashrate or mining addresses so I wouldn't call them "the most transparent" company...
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jdany
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November 22, 2014, 03:32:17 PM |
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When BE300 comes out, where is AM's profit going to be most realized? As a chip manufacturer. As a device manufacturer. As a self miner. As a cloud mining service.
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Chris_Sabian
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November 22, 2014, 03:51:59 PM |
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Hey Friedcat Please provide support for the Prisma. I've tried to email sale@bitquan.com, support@bitquan.com, and phasebird about my no hashing prisma and I've received 0 answers. I've tried everything to get this thing to hash. CanaryInTheMine and CrazyGuy have been very helpful but now I need actual AM support. As a shareholder and miner, I feel extremely cheated and I probably lost my 1.47 BTC.
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friedcat (OP)
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November 22, 2014, 05:14:28 PM |
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Upcoming Dividend Notice
Please expect that there may be a dividend with minimum value which won't be recognized as dust transactions.
1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing the founders' shareholding status.
2. Because of 1, please do not take it as a buy/sell indication.
3. The date of resuming dividends with meaningful amount is yet to be determined. It depends on the upcoming company performance.
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jdany
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November 22, 2014, 05:25:44 PM |
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3. The date of resuming dividends with meaningful amount is yet to be determined. It depends on the upcoming company performance.
= 0 profit to divide?
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Dexter770221
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November 22, 2014, 06:37:52 PM |
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3. The date of resuming dividends with meaningful amount is yet to be determined. It depends on the upcoming company performance.
= 0 profit to divide? After expenses, that means Gen4 on schedule and theres no thread....
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Under development Modular UPGRADEABLE Miner (MUM). Looking for investors. Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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CBGuy
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November 22, 2014, 07:12:47 PM |
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Does anyone know why there has not been a dividend paid for AMHASH1 units today on Havelock? If there has been anything sent out as I have not seen anything myself, could someone please share.
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arousedrhino
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November 22, 2014, 07:34:56 PM |
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Upcoming Dividend Notice
Please expect that there may be a dividend with minimum value which won't be recognized as dust transactions.
1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing the founders' shareholding status.
2. Because of 1, please do not take it as a buy/sell indication.
3. The date of resuming dividends with meaningful amount is yet to be determined. It depends on the upcoming company performance.
Thanks for the update!
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Puppet
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November 22, 2014, 07:40:05 PM |
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1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing the founders' shareholding status.
2. Because of 1, please do not take it as a buy/sell indication.
3. The date of resuming dividends with meaningful amount is yet to be determined. It depends on the upcoming company performance.
I would take 3 as a buy/sell indication. Clearly there is no money for divs right now, so gen 3 yielded 0 BTC for its shareholders. gen 4 is do or die.
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FUR11
Sr. Member
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FURring bitcoin up since 1762
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November 22, 2014, 08:10:28 PM |
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1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing the founders' shareholding status.
2. Because of 1, please do not take it as a buy/sell indication.
3. The date of resuming dividends with meaningful amount is yet to be determined. It depends on the upcoming company performance.
I would take 3 as a buy/sell indication. Clearly there is no money for divs right now, so gen 3 yielded 0 BTC for its shareholders. gen 4 is do or die. Yeah, this is basically what 90% of the people around here accept as a fact. This has already been priced in mostly (hopefully), and I don't quite get how we can expect big dividends from gen 3 when it is obvious the money needs to be used to fund a massive ramp-up of generation 4!
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NotLambchop
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November 22, 2014, 09:09:38 PM |
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Upcoming Dividend Notice
Please expect that there may be a dividend with minimum value which won't be recognized as dust transactions.
1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing the founders' shareholding status.
2. Because of 1, please do not take it as a buy/sell indication.
3. The date of resuming dividends with meaningful amount is yet to be determined. It depends on the upcoming company performance.
Thanks for the update! Arousedrhino, remember how you used to thank Ken for his updates, and rage at me for doubting him? ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs22.postimg.org%2Fe84tam1kh%2Fpepp.jpg&t=665&c=tfebY45hMUbVSw)
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iCEBREAKER
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Crypto is the separation of Power and State.
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November 22, 2014, 09:27:33 PM |
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When BE300 comes out, where is AM's profit going to be most realized? As a chip manufacturer. As a device manufacturer. As a self miner. As a cloud mining service.
AM's demonstrated core competencies are -deploying mines -device manufacturing -marketing, PR, and hype -(possibly) cloud mining service AM is not the best at -chip design/manufacturing Therefore, I strongly advise AM to compete in the Dec 6 auction for HashFast's 28nm GN1/1.5 and 16nm 16nm ASIC designs. 16nm is a very expensive scale to design/fabricate at. AM would be wise to acquire HF's 16nm IP and use it to surpass KnC, Cointerra, and Bitfury in leading edge innovation, rather than start from scratch and pay full market price to compete in the 4th gen ASIC space.
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██████████ ██████████████████ ██████████████████████ ██████████████████████████ ████████████████████████████ ██████████████████████████████ ████████████████████████████████ ████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ████████████████████████████████ ██████████████ ██████████████ ████████████████████████████ ██████████████████████████ ██████████████████████ ██████████████████ ██████████ Monero
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jimmothy
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November 22, 2014, 10:43:30 PM |
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When BE300 comes out, where is AM's profit going to be most realized? As a chip manufacturer. As a device manufacturer. As a self miner. As a cloud mining service.
AM's demonstrated core competencies are -deploying mines -device manufacturing -marketing, PR, and hype -(possibly) cloud mining service AM is not the best at -chip design/manufacturing Therefore, I strongly advise AM to compete in the Dec 6 auction for HashFast's 28nm GN1/1.5 and 16nm 16nm ASIC designs. 16nm is a very expensive scale to design/fabricate at. AM would be wise to acquire HF's 16nm IP and use it to surpass KnC, Cointerra, and Bitfury in leading edge innovation, rather than start from scratch and pay full market price to compete in the 4th gen ASIC space. Why you think AM would buy the IP for a 28nm chip that doesn't even compete with their own 40nm chip is beyond me. Please just give it up. Nobody wants anything to do with the epic failure which is Hashfast. You've been in the denial stage for far too long, it's time to move on with your life.
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freedomno1
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Learning the troll avoidance button :)
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November 22, 2014, 10:58:09 PM |
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Upcoming Dividend Notice
Please expect that there may be a dividend with minimum value which won't be recognized as dust transactions.
1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing the founders' shareholding status.
2. Because of 1, please do not take it as a buy/sell indication.
3. The date of resuming dividends with meaningful amount is yet to be determined. It depends on the upcoming company performance.
Thanks for an update It's been a while but here's to the success of Generation 4 Based on Jutaruls sentiment i'm hoping it does not disappoint.
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Believing in Bitcoins and it's ability to change the world
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Puppet
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November 22, 2014, 11:16:23 PM |
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Yeah, this is basically what 90% of the people around here accept as a fact. This has already been priced in mostly (hopefully) Has it? Look at the risk/cost/benefits and the competitive landscape prior to gen 1, compare it to the situation now. The cost of a gen 4 maskset alone would have allowed you develop, build, and deploy enough gen 1 miners to rule 90+% of the network back in the day. Also, back then, missing specs by a factor 3x or more was no big deal. If they miss gen 4 power efficiency by as little as 30%, they are pretty much hosed. So anyone who thinks a share today is worth the same as during its IPO, Ive got a cloudhashing contract to sell to you.
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Blazed
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November 23, 2014, 12:15:23 AM |
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When BE300 comes out, where is AM's profit going to be most realized? As a chip manufacturer. As a device manufacturer. As a self miner. As a cloud mining service.
AM's demonstrated core competencies are -deploying mines -device manufacturing -marketing, PR, and hype -(possibly) cloud mining service AM is not the best at -chip design/manufacturing Therefore, I strongly advise AM to compete in the Dec 6 auction for HashFast's 28nm GN1/1.5 and 16nm 16nm ASIC designs. 16nm is a very expensive scale to design/fabricate at. AM would be wise to acquire HF's 16nm IP and use it to surpass KnC, Cointerra, and Bitfury in leading edge innovation, rather than start from scratch and pay full market price to compete in the 4th gen ASIC space. Your core competencies are way off.. Marketing / PR / Hype - LOL yeah right Device manufacturing - Again LOL I have no idea what this company is actually good at yet..besides back when gen 1 was sold and they had 0 competition. I am not holding my breath on a gen 4 that competes... Also no one wants your FailFast garbage ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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mc_lovin
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November 23, 2014, 12:32:53 AM |
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awesome to hear we have divs coming. thanks for the update friedcat, although better news would be gen4 shipping
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