25th October 2013 is today's date.
Within the next six days Ken will release the much anticipated quarterly accounts.
Ken might also reveal the status of the first chip batch order, as from the P&L and Balance sheet, we should be able to know if there was enough money raised to pay eASIC. One would expect that part of the NDA restriction may be lifted once the money has been transferred, so this would indeed be a good time for Ken to update his shareholders, if we are in pre-production.
Conversely, consider that this money has been paid already and the chip run has started in earnest. If that's the case then I'd expect Ken to continue to withhold information while advancing the production schedule behind closed doors. This is certainly a strategy that Ken has hinted at recently.
P.S. Thanks for the spell check idea finfloss. My browser now has the squiggly lines popping up although it's set to US spelling, eek!
I'm off to get me a donut, cowboy.
At last some serious discussion. What is going on today?
The quarterly accounts will show how much we can take from the web orders and pump into further industrial miner production - obviously after making the retail units and shipping them on time. However once we start shipping, orders will flood in, it will be like turning on a tap and there is nothing preventing us from shipping just development time now.
I was under the impression eASIC were paid in full for development. Anyone else agree? Then we just make orders with eASIC for batches and pay for them when we have funds available?
Yes, you are correct. The $1,000,000 NRE we paid includes eveything apart from the production of the chips themselves.
So if we need another $1,000,000 for the first batch and have only raised $800,000 in sales, then we are in big trouble.
I would love someone to take an education guess of a price for X number of chips as I just plucked the above numbers out of thin air.
Let's try and get a decent discussion going guys.
Any takers?
I'm sorry but I'm not understanding what you are trying to say here.
The NRE for eASIC is the backend design of the chips and PROBABLY a small batch run.
The cost for the Chips Themselves (Wafers) is probably around $10k-$15k per Wafer with a minimum of 10 or 25 wafers ($100,000 - $300,000)
You don't pay $1,000,000 every time you want more chips..... you just pay for the wafer cost (There is usually a minimum amount of wafers that can be ordered)
The more Wafers you order the cheaper the PER WAFER price is.
If Ken gets the Small Batch Run in, they work, he will likely order as many Wafers as his pocketbook allows to get better pricing and have the chips ready.
