ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 354.

bitfair

sr. member

Activity: 362

Merit: 250

Quote from: chriswilmer on May 30, 2014, 10:55:06 AM

Quote from: friedcat on May 30, 2014, 10:49:00 AM

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.

I guess you would have mentioned it if you knew... but, any estimate on when the next dividend payments would be?

Looking at the balance sheet, I wouldn't expect dividends any time soon: the company assets are in inventory/materials, not in cash.

However, it means that AM has planned a whop-ass expansion!

chriswilmer

legendary

Activity: 1008

Merit: 1000

Quote from: friedcat on May 30, 2014, 10:49:00 AM

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.

I guess you would have mentioned it if you knew... but, any estimate on when the next dividend payments would be?

KarmaShark

hero member

Activity: 617

Merit: 559

Quote from: friedcat on May 30, 2014, 10:49:00 AM

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.

CHING CHINGGGGGGGGG! (I simply could not resist).

Blazed

legendary

Activity: 2128

Merit: 1119

here we go!

friedcat

donator

Activity: 848

Merit: 1005

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.

Chris_Sabian

legendary

Activity: 896

Merit: 1001

Quote from: bitcoin.newsfeed on May 30, 2014, 10:45:41 AM

Quote from: willBTC on May 30, 2014, 10:08:39 AM

As I know, bitell.com will make an interview with Friedcat, do you guys have the questions ? we'd better gather the questions, and I wil forward the questions to bitell.com.

Yes we have.

where are dividends?
where is financial report?
where are money from chips sales?
where is mining income?
why you have not responded marto about chips?
why immersion cooling facility is not working?

why you are ignoring investors?

Also, what is the timeline for generation 4?

bitcoin.newsfeed

sr. member

Activity: 378

Merit: 250

Quote from: willBTC on May 30, 2014, 10:08:39 AM

As I know, bitell.com will make an interview with Friedcat, do you guys have the questions ? we'd better gather the questions, and I wil forward the questions to bitell.com.

Yes we have.

where are dividends?
where is financial report?
where are money from chips sales?
where is mining income?
why you have not responded marto about chips?
why immersion cooling facility is not working?

why you are ignoring investors?

willBTC

full member

Activity: 134

Merit: 100

As I know, bitell.com will make an interview with Friedcat, do you guys have the questions ? we'd better gather the questions, and I wil forward the questions to bitell.com.

arousedrhino

sr. member

Activity: 347

Merit: 250

Quote from: 101111 on May 30, 2014, 08:46:59 AM

Another member of the AM ecosystem: http://www.bitell.com/t/2168

A New Bitcoin ASIC Manufacturer XBTec Announced 2TH/s Miner Pacific 2000 Using AM Chips

more here: https://bitcointalksearch.org/topic/m.6967946

Thank you for sharing this valuable information.

arousedrhino

sr. member

Activity: 347

Merit: 250

Quote from: flamingleg on May 30, 2014, 07:37:38 AM

Quote from: cs54 on May 29, 2014, 10:16:31 AM

EDIT: I'm loving the BRK comparison and think that would be a perfect model for FC and AM. Just give us a no-frills website, an annual letter to shareholders, and quarterly reports, and watch as the goodwill and power come rolling in.

This is an excellent idea. Regular financial reports pushed onto some basic website would do wonders for decluttering this thread, and would also help provide some stability and fairer price discovery. Friedcat would be free to update more often without worrying about shifting the price one way or another, and it would go a long way towards legitimizing this firm in the eyes of traditional investors.

I really don't think FC cares about how the share price moves when he makes posts and releases the financial reports.

I do like the idea of a website he could update but it would probably work out better if a boardmember / people in this thread worked together to make the website and then we requested that FC post his updates there and in btctalk so that its easily visible. We could even add an rss feed to the website so you would get updates.

101111

hero member

Activity: 525

Merit: 500

Another member of the AM ecosystem: http://www.bitell.com/t/2168

A New Bitcoin ASIC Manufacturer XBTec Announced 2TH/s Miner Pacific 2000 Using AM Chips

more here: https://bitcointalksearch.org/topic/m.6967946

necro_nemesis

full member

Activity: 224

Merit: 100

Regardless of people saying be patient for returns, transparency issues will continue to cause share prices to suffer. People are simply far less willing to speculate on the future when the future lacks clarity resulting from a profound absense of information which can be readily addressed.

flamingleg

newbie

Activity: 14

Merit: 0

Quote from: cs54 on May 29, 2014, 10:16:31 AM

EDIT: I'm loving the BRK comparison and think that would be a perfect model for FC and AM. Just give us a no-frills website, an annual letter to shareholders, and quarterly reports, and watch as the goodwill and power come rolling in.

This is an excellent idea. Regular financial reports pushed onto some basic website would do wonders for decluttering this thread, and would also help provide some stability and fairer price discovery. Friedcat would be free to update more often without worrying about shifting the price one way or another, and it would go a long way towards legitimizing this firm in the eyes of traditional investors.

lophie

hero member

Activity: 924

Merit: 1001

Unlimited Free Crypto

Quote from: KS on May 30, 2014, 07:15:57 AM

You should also know that the only thing that binds the shareholders and FC is trust. This is a totally unregulated venture (and possibly illegal in some countries) so don't treat it as if you had bought US Treasury Bonds on the NYSE.

Actually I think I trust Friedcat better than these guys. He got a better track record.

Rival

hero member

Activity: 504

Merit: 502

Although AM does not take preorders, in the business world often the inverse is true. In other words, there is a strong possibility that AM sold chips without immediate payment, net due in 30, 60, or 90 days. This is quite common. It is possible that AM has a very large number in their accounts receivable ledger and is awaiting payment from vendors before distribution to shareholders.

Sometimes Occam's razor will give you a better shave.

KS

sr. member

Activity: 448

Merit: 250

Guys/Gals, these things have been said over and over, I think by now you should know that FC will post when he feels like it.

You should also know that the only thing that binds the shareholders and FC is trust. This is a totally unregulated venture (and possibly illegal in some countries) so don't treat it as if you had bought US Treasury Bonds on the NYSE.

If the risk and lack of information is too much for you, Get Out Now.

(whining won't help and is just very annoying. thank you)

bbxx

hero member

Activity: 728

Merit: 500

cryptoshark

Quote from: jimmothy on May 30, 2014, 06:37:02 AM

"subject to change" means he is not going to guarantee what his magic crystal ball told him.

If you are not comfortable taking risks you should not be an investor.

crystal ball is not needed to estimate date of future financial report

i agree if you predict mining diffilcuty or btc price but not time of relasing some information

jimmothy

hero member

Activity: 770

Merit: 509

"subject to change" means he is not going to guarantee what his magic crystal ball told him.

If you are not comfortable taking risks you should not be an investor.

bbxx

hero member

Activity: 728

Merit: 500

cryptoshark

Quote from: freedomno1 on May 29, 2014, 07:34:49 PM

Quote from: Jutarul on May 29, 2014, 05:13:49 PM

My apologies for not being able to catch up with the current debate. The current status is that friedcat committed to the 27-MAY as the date to release the financial reports and he communicated his intent to wait for the first round of payments and the financials to release dividends (thus bringing stuff into alignment). That day has now passed without prior announcement of any potential delay. There is no technical reason why dividend payments couldn't be made independently from any financial report release date - it's just a matter of preference. I am currently expecting to hear back on that matter, I have no further information available.

I'd like to reassure shareholders that there is a shared interest in getting this resolved soon. As such I see the responsibility with the board to follow up on this.

Glad to see you around Jutarul to cool down some flames and FUD
Thanks for keeping us up to date and looking forward to the resolution.

the truth is, friedcat treat as nothing not only this thread but also boardmembers
(read share unloaders)

your news are terrible anyway. i dont think it cool down flames or "fud"

Jutarul, can you state when will be next board meeting and when was the last one?

also is it fair to be messenger and dumper together? with bfl style "subject to change"...

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: bruce81 on May 30, 2014, 02:05:54 AM

Quote from: raskul on May 30, 2014, 01:19:21 AM

Quote from: atx.btc on May 29, 2014, 05:38:20 PM

Havelock is showing some activity now

https://blockchain.info/address/1J5fvfUrDcZj8rrpVHMgn8u7sXee84QkPd

much active! many divs! wow!

you're wrong topic?

I thought it was just a badly done joke to get people to be amazed
Or a good old Dogecoin meme
(Hmm Friedcat) Not Dog
Much Cat! ?

_
Great the weird part of my mind now imagines Friedcat as the Cat who doesn't pay much attention to us but is adorable and the Dog making a lot of noise and asking for attention in comparison.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 354. (Read 3917468 times)