10 ASICminer direct shares - Fixed Price

BitAddict

legendary

Activity: 1190

Merit: 1001

Quote from: CMMPro on May 22, 2013, 07:11:42 AM

"Everyone" is not selling shares....

I believe you are seeing a few early investors taking some profit buy sell a few shares, or a few hundred at auction.

If I made a few hundred bitcoin in 8 months I would think about doing the same and correspondingly reducing my position.

Totally understandable.

This

dmcdad

sr. member

Activity: 302

Merit: 250

Also those of us selling some shares (myself included) aren't selling all of our shares. I still think AM has good value given the dividend history and potential for lucrative hardware sales.

CMMPro

hero member

Activity: 588

Merit: 500

"Everyone" is not selling shares....

I believe you are seeing a few early investors taking some profit buy sell a few shares, or a few hundred at auction.

If I made a few hundred bitcoin in 8 months I would think about doing the same and correspondingly reducing my position.

Totally understandable.

Caesium

hero member

Activity: 546

Merit: 500

I'm not selling mine.

seljo

legendary

Activity: 1178

Merit: 1014

Hodling since 2011.®

So why is everyone selling ASICMINER shares?

GreatBug

sr. member

Activity: 629

Merit: 252

Quote from: TheJuice on May 21, 2013, 07:27:41 PM

Last check they were around 20% total hashrate. It's worth 150 million. I'm not sure if they give out 100% of profits, but based on last weeks dividend/profit the P/E ratio is 78, I believe.

I believe they generally distribute 100% of the profits, and they hold more than 50% of the 400k shares.

TheJuice

hero member

Activity: 839

Merit: 608

Quote from: GreatBug on May 21, 2013, 07:18:11 PM

Yes, I agree ASICminer is probably approaching 'bubble' status -- that's why I'm willing to sell a few shares

While probably not worth >10% of existing coins, I believe they do control over 10% of today's hashrate (and growing!)

Last check they were around 20% total hashrate. It's worth 150 million. I'm not sure if they give out 100% of profits, but based on last weeks dividend/profit the P/E ratio is 78, I believe.

GreatBug

sr. member

Activity: 629

Merit: 252

Yes, I agree ASICminer is probably approaching 'bubble' status -- that's why I'm willing to sell a few shares

While probably not worth >10% of existing coins, I believe they do control over 10% of today's hashrate (and growing!)

TheJuice

hero member

Activity: 839

Merit: 608

Bubble of ASICMINER?

@ 3 BTC per share, ASICMiner is worth >10% of all the bitcoins that exist... Crazy.

GreatBug

sr. member

Activity: 629

Merit: 252

I'm willing to sell up to 10 of my ASICminer direct shares at a fixed price of 3.0 BTC per share.

Yes, I know this is above recent market prices of ~2.6 - 2.7 each, but this format might appeal more to people who want to avoid the timing of traditional auctions or don't fully understand/trust 'pass-through' shares.

I would prefer to sell in chunks of 5 in order to keep friedcat's overhead to a minimum.

Escrow through JohnK is fine by me, but you pay the fees if you want it.

Thanks!

Topic: 10 ASICminer direct shares - Fixed Price (Read 1063 times)