Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 36. (Read 3917468 times)

I guess I should have listened to my gut feeling and sold all shares as soon as FC started dicking around with Rockminer and other similar ventures to siphon off profits. I honestly feel this started out as a legit company and investment, but ever since Rockminer, Datatank, AMhash and all the other bullshit, it's quite clear the main focus was not profit for original AM shareholders, but siphoning whatever profits off to other entities.

Can I just say: fuck.

Given the known problems with AM's hardware, I'm starting to wonder if they didn't just catch fire. That seems like a more plausible explanation than them being "stolen".

I agree with holographic on this one. We still don't know where FC is, what really happened. We know nothing. He's gone and AM is dead. AMhash was just a sideline. Wouldn't have existed if AM never had.
Why are people now thanking jutural for speculative "promises" about getting money back? He's a board member ffs if he knows anything, which I doubt, he should know what really went on and obviously had been going on since around the time dividends stopped from AM. That's when AM should have liquidated, but I guess FC and co. Wanted to grab a few final btc before fucking off into the night.
Anyway, we know one thing for sure, there is officially not a single honest btc security. Nada, they are all fucking shams.

A quick update re:AMHash

There is a good chance that contract holders will get a significant portion of their principal back. The details are currently being worked out. Please understand that there is currently a lot of blame shifting going on, but AM management shows an active interest in breaking the gridlock in order to be able to concentrate on getting the business back on track.

Right now I'd like to provide the following clues
a) You will not get 100% on the principal amount. While this may hurt AMHash buyers, please note that AM is certainly not making a profit from this failed product in any way.
b) If you consider litigation or are in talks with a lawyer, you may want to wait this one out. Chances are that after taking into account the cost of litigation or lawyer fees you end up with less %. Also the contractual situation is very complex - you may end up suing the wrong company.
c) You may have to prove your contract. Please make sure that you got proper documentation ready. However, if you hold a contract through one of the platforms, there may be a consolidated method which doesn't require proof.
d) If AM recovers from this crisis, there may be more coming down the pipeline for affected people in form of discounts.

I'd like to remind everyone that I am not a company representative, which means I cannot warrant for the correctness of the information provided. Unfortunately the company cannot announce anything until the details have been worked out. Act accordingly.

Also, if you'd be so nice and cross post this to inform AMHash holders - I don't have a map for where AMHash was marketed.

Don't expect to much, it will be closer to 0% than to 65%.
Since these shares bought part of the future mining revenue of the mining farm, hence the mining farm is gone...

I'll start the bidding

33,461 @ BTC0.1

*Please note that my offer is 0.1 total not per share.

I'll start the bidding

33,461 @ BTC0.1

*Please note that my offer is 0.1 total not per share.

Thank-you Jutarul for the update, look forward to seeing how much we will be given back for our Amhash shares.

A quick update re:AMHash

There is a good chance that contract holders will get a significant portion of their principal back. The details are currently being worked out. Please understand that there is currently a lot of blame shifting going on, but AM management shows an active interest in breaking the gridlock in order to be able to concentrate on getting the business back on track.

Right now I'd like to provide the following clues
a) You will not get 100% on the principal amount. While this may hurt AMHash buyers, please note that AM is certainly not making a profit from this failed product in any way.
b) If you consider litigation or are in talks with a lawyer, you may want to wait this one out. Chances are that after taking into account the cost of litigation or lawyer fees you end up with less %. Also the contractual situation is very complex - you may end up suing the wrong company.
c) You may have to prove your contract. Please make sure that you got proper documentation ready. However, if you hold a contract through one of the platforms, there may be a consolidated method which doesn't require proof.
d) If AM recovers from this crisis, there may be more coming down the pipeline for affected people in form of discounts.

I'd like to remind everyone that I am not a company representative, which means I cannot warrant for the correctness of the information provided. Unfortunately the company cannot announce anything until the details have been worked out. Act accordingly.

Also, if you'd be so nice and cross post this to inform AMHash holders - I don't have a map for where AMHash was marketed.

Back in the days of Avalon chips there were group buys that accumulated that kind of money. I think there could be people interested in buying raw chips in order to turn them into miners. That being said, $10M is a lot of money, man.

The problem with words is that half the time they get misinterpreted. Just because a company stays in business, doesn't mean that they execute certain projects. Did google fail because they didn't bring google glasses to the mass market?

Right now there seems to be some money stuck in accounts, only FC has access to.

You said it yourself. The name of the game is to get a net return on every BTC invested. That's what investors ultimately look for. FC was extremely aware of that point. BTC prices where still in the 370 USD range when sample chips got received. That's when the financing should have been secured (by funding the accounts). It didn't happen.

I don't know how to respond to that. FC is an adult and he was repeatedly asked to delegate and improve certain conditions. He didn't comply with the requests. The desolate state surrounding providing information to shareholders was no secret. What is more surprising in hindsight is that key people who worked with FC on a daily basis failed to see the signs, and if they were they failed in the same way. The Rockminer story is testament to that.

The problem with words is that half the time they get misinterpreted. Just because a company stays in business, doesn't mean that they execute certain projects. Did google fail because they didn't bring google glasses to the mass market?

c) You may have to prove your contract. Please make sure that you got proper documentation ready. However, if you hold a contract through one of the platforms, there may be a consolidated method which doesn't require proof.

Yeah, O.k.      I actually profited wildly on A.M.  I didn't lose money and I still have much more than you ever will have.