First of all we have never had 20,000 BTC.
Then educate us, how much was raised?
Next, we just build a DC with ~100 TH, that wasn't free.
Will we be getting a dividend from this DC at some point?
We also have boards in stock and those were not free either.
If we have boards, why not take Bargraphics up on his friends offer to host the entire lot?
Ken, what is going on?
?
We are working on deals to sell the boards to larger customers, which requires less support.
you failed to answer the two most important questions, and only managed to say "we are doing poorly at selling to individuals, so we will focus on selling in bulk for much cheaper" which basically just means fewer profits per board.
this is getting ridiculous ken.
1) WHEN WILL THERE BE A FINANCIAL REPORT?
2) WHAT IS THE TIMEFRAME FOR FIXING THE WEBSITE?
3) WHAT IS THE TIMEFRAME ON EXPANDING THE DATACENTER? (we need a date and accurate hashrate, not like the 170Th there should have been already but cant seem to go past 60% of that)
I think these are three easy questions that can be answered accurately in only a few words. no vaugeties, just a promised date and result. The shareholders will be lining up to press securities complaints and charges very soon if not.
See the problem is ken won't answer to any of those important questions I wish I was wrong but, I said it before here I say it again, to me looks like ken logs into his account time to time finds a post that is to his taste and easy to answer and he replies to that and then he is gone leaving out all the juicy and important questions out. Also his weekly so called updates creates more confusion and question than it answers so that's useless too.
To put it bluntly, ken is actively ignoring the important question or tries to delay them by actively answering in vague manner until people forget or something around those lines. The man doesn't want to be straight with his investors, he already collected the money from us so I bet he laughs at us all from time to time while he pays himself his monthly salary from our money, it is a pure joke he calls business.
To you give an example, his top priority of fixing the website for weeks hasn't had any progress at all, if that's his top priority taking this amount of time then just imagine how would take for him to produce that custom made 28nm chips
. Sadly it looks like without outside pressure ken will spend every last satoshi until one day he comes here drop a line that sorry guys that's it it's over thanks for the money though it was a fun experiment . I guess this process has already begun with now almost nothing left in our main address.
btw ken how is your other business is running, I bet it's making a nice fat fiat return, anyone ever wonders if ken ever used/borrowed money from our fund to run his side business?
see ken without a proper financials you are digging a bigger hole for yourself, how can you legally defuse such allegation without giving your investors a proof of nothing doing so for which you require/must give an audited financial report nothing more nothing less. what's happening with that eASIC refund you were talking about it several months ago? did you pocket that as well? give us some proof of what happened.