Per-share equity is low. If we subtract current losses, it's about 0.03BTC/share.
And that is if they manage to sell everything at current prices, and does not include potential cash conversion problems.
Not sure were the great value should come from.
It seems that Gen3 was able to keep AM afloat, but only just so.
Would be nice to know how far we are towards Gen4.
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 353. (Read 3917468 times)
Anyone who wants to sell their direct shares can contact me as well.
Hoping we hit .1 or lower. That would be awesome.
welp at least i didnt have to much btc in, thought that was going to play out differently..
Sounds like cash conversion to BTC is very difficult at best in that environment. Asicminer needs to provide incentive for customers to pay in BTC.
on the bright side, chinese cannot buy bitcoin from the exchanges, they have no other choices but to buy miners, which is good for mining business
RIP ASICMINER this company is dead and over
So was the last cash flow statement ending on Feb 28 or did he just start his reporting from then? I can't seem to remember seeing one can anyone else? If not what happened in the mean time?
I was told there would be a moon
I beleived I'd be rich with these earth shattering gen3 divs then cash out ASAP
I sold my BMW for this.now I will end up in a soup kitchen, someone please hold me
Just waiting for the bottom now.
this looks like terrible news
Absolutely!! Can I buy your shares then?Anyone wanting to dump their direct shares please PM me!
share price is tanking hard
this looks like terrible news
Here comes the buying opportunity - That is a very strong balance sheet, but none of it in cash. That inventory will be converted to cash with little cost. Short sighted investors won't see it this way.
this looks like terrible news
Yes, indeed. It looks like AM is working on a longer term business model than most were imagining, using revenues to fund further growth rather than pay dividends...
AM could also buy (or build) miners with fiat, and effectively convert fiat to BTC through mining.
this looks like terrible news
Sounds like cash conversion to BTC is very difficult at best in that environment. Asicminer needs to provide incentive for customers to pay in BTC.
Anyone knows what the Exchange position in cashflow sheet is?
Looks like they sold BTC in order to pay the fab or cover other expenses: BTC is on the expense "exchange" side, USD is on the income "exchange" side...
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.
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.
Thanks FC!
Anyone knows what the Exchange position in cashflow sheet is?
Edit:
OK, I just noticed the 4K BTC Exchange in Expenses seems to be the 2M USD in Income.
Edit:
OK, I just noticed the 4K BTC Exchange in Expenses seems to be the 2M USD in Income.
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.
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.
I guess you would have mentioned it if you knew... but, any estimate on when the next dividend payments would be?
unless i'm misunderstanding, probably not until we become cashflow positive.
Quote
Net Income ฿-3,238.42 $90,526.90 ￥-2,157,635.91
Net Income per Share ฿-0.0081 $0.23 ￥-5.39
Net Income per Share ฿-0.0081 $0.23 ￥-5.39
Jump to: