I've made my rounds with a few of the larger holders I've come to know in the ActM community and I've come across a few of the same questions/concerns over and over. I thought I'd just write you, as they all seemed to think it fruitless to even inquire. I'm not asking for a direct answer here necessarily, though if you do give me one I will immediately post it to the forums, but these questions would be good to publicly answer.
1. Is there a certain amount of money that MUST be made in sales in order for ActM to move on to assembling devices? There have been rumors that two million is needed to move forward according to plan. Is this the case?
This is under the NDA.
Yes, we are working to get caught up to the pack. Both CoinTerra and HashFast were is stealth mode and where somewhat ahead of us on their development of their 28nm technology.
Now the ~90K is not revenue, but sales profit. Our revenue was ~$330,000. CoinTerra and HashFast post revenue figures, our revenue figure is a lot higher like theirs; however, how much profit did they really get?
3. Now that the eASIC deal is behind us, could you outline the plan moving forward for assembling the miners? What is your process? How many staff will you have on hand? Where will this be done (I know you've mentioned "the warehouse" in the past, is that it?)
Yes, we have ~2,600 square feet of space which we are turning into a manufacturing site. This site will be used to assemble the final product. The number of staff will depend on our sales from now until we start assembling the units. The more sales the more staff we will need to assemble more units to meet the demand.
4. Further, could discuss how ActM is going to set itself apart when it comes to shipping devices? Shipping reliability is critical, as you know, and it would be a confidence booster to hear a thoughtful process has been devised.
Shipping reliability is critical under the current system of mining, that may change in the future. We are working to be competitive in the market place with shipping. stay tuned for more developments.
As you can see, there is a lot of unknowns, even among some of your biggest shareholders. We would like all the dots connected, and to see the plan that you have come up with laid our in a clear way for us. Is there anything you can do to relay what you have in store for these coming phases?
We are in the the chip and PCIe board design phase now. We are also working on increasing sales, as you know we have just announced the easic deal which has given us a lot of respectability. We have just been added to the "theGenesisBlock" mining calculator. This has caused us to start receiving a lot of traffic to our website from links like this.
Ken