Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 127. (Read 3917058 times)

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.

Thanks for the update!

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.

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.

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.

= 0 profit to divide?

3. The date of resuming dividends with meaningful amount is yet to be determined. It depends
on the upcoming company performance.

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 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.

holy de-ja-vu batman.

anyone buying this rerun?

Financial Reports

Balance Sheet (Public Version): https://docs.google.com/spreadsheet/ccc?key=0Al1fvFT7Sd5bdDlHek0tem01M2IzSnhDUjBHbWI4dmc&usp=sharing

Cashflow (Public Version): https://docs.google.com/spreadsheet/ccc?key=0Al1fvFT7Sd5bdDh0enIxT0pycEVkZ2h6TE1BZ0dZd0E&usp=sharing

Income (Public Version): https://docs.google.com/spreadsheet/ccc?key=0Al1fvFT7Sd5bdExaZzlQMXhwNl83Y2JlM19zeEpTa1E&usp=sharing
  with Expense Listings (Public Version): https://docs.google.com/spreadsheet/ccc?key=0Al1fvFT7Sd5bdERwbENzbDFvMWpHWEVSOWpoc2dlVGc&usp=sharing

Update

Financials
Balance sheet in May 27, 2014:
https://docs.google.com/spreadsheets/d/12wJMe3A6Ie8ris86m2OJ_1vucurdcVtM3fDkNCjKIRI/edit?usp=sharing

Cash flow from Feb 28, 2014 to May 27, 2014:
https://docs.google.com/spreadsheets/d/1phCAhMR-9_AaRXKICfN_M7gw4rI1hsOtRD_6PElmLOM/edit?usp=sharing

Comments about Recent News & Concerns
Policy: The bank deposits and third-party payment systems for Bitcoin exchanges in China are all closed. Workarounds exist (like buying physical cards with deposit code) but the real trading volume is severely affected.

Conversion: We have OTC conversion channels to trade USD for Bitcoins in Hong Kong.

a) financials statements are currently in preparation and start getting processed next week.

Any info as to why it is so difficult for AM to get a PR team (or person) set up? They can manage to do quite a bit behind the scenes, you would think a guy who posts updates regularly wouldnt be an issue.

Is there a person selected already - or is there a search still underway?

...
Why are you still here? Haven't you already lost people enough money with your shilling?

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.

Thaaaarrrr she bloowwwwwws!