Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 38. (Read 3917029 times)

Join the Amhash chatroom to discuss the legal path:
https://kiwiirc.com/client/irc.dal.net/#amhash

Is Asicminer a real business entity?
Yes,
Shenzhen bit Quan Information Technology Co., Ltd.

So in other words... AM is trying to avoid being sued for obvious wrong doing.

One of these things is not the truth.   Shortage on funding,  there was PLENTY of people around to help if they were asked back in NOVEMBER OR DECEMBER.  Why is this coming out now?  

Less than 60 days later after a public statement,  behind closed doors looking for funding?  WTF

derp.  thanks

Why weren't shareholders informed that AM couldn't finance BE300?


Tape out.

"TO of the BE300"  ??  What does this mean?

The only person who could make a clear statement on that would be FC who conveniently vanished into thin air. On that note I will disclose that there has been a board meeting on the 17-JAN-2015 and 25-JAN-2015 and on neither dates FC mentioned that there may be a problem with the mining farm running AMHash. He was even discussing the strategic consideration surrounding a TO of the BE300, for which he failed to find financing. He was asked to compile a joint venture proposal to move the project further. That never happened.

It's very frustrating to see how the people who worked closest with FC seemingly have the least amount of information on his whereabouts. That alone reminds me of the dog who didn't bark.

I know how you feel. Been there.

Well someone is.

.@Jutarul: so TL;DR: Please do nothing while we figure out how to bilk you a bit more.

Good for the AMHash holders
Getting something back at least, should have done a Rockminer retrospectively but the shares are locked trade halt yesterday so everyone in the shareholder list in havelock is there for settlement, no speculation left.

Duplicated it in a few places
Fanpage updated
AMHash official thread
And put it in two of the many legal threads to be precise one in a L3sny thread the other an Airwolf lol.

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.

^I'm generous to a fault tho.  Can't leave you in the lurch.

Was looking at the buy wall if we look at the Sell wall then the margins are huge between the assets at present
1/2 seemed like a more logical point then 1/8th differences for now
(Or the AM1 walls give up some ground)

Anyways guess someone did that math its back at around 0.006 so arbitrage is more normalized lol.

Ah, I'm 100% dead wrong & stand corrected.  Is this still a thing now?
*Haven't heard much from TaT since he brought us that other totally legit offering, NeoBee...

Yeah, if it was possible to convert 100 shares of AM100 into a single share of AM1.  It's not; never was, AFAIK.  The AM1/AM100 disparity just makes it obvious that the price of these tokens has nothing to do with the value of the asset they supposedly represent.

*Price ฿0.00001310 now, so ~x8 cheaper.

Mintspare is a weird asset
It really is dead in the water apparently hav said that they had 100 BTC for it
But never updated on it lol..

Still an interesting comparison though
Although there is a nice arbitrage sale there considering
AM 100 is at 0.005 equiv while AM 1 is holding at 0.01
If I were one of the buy walls at 0.01 would just buy the 1/100s lol.

Stay away from this thieves (Havelock) a lot of people lost a lot of money in their scams

https://bitcointalksearch.org/topic/how-havelock-is-one-of-the-owners-of-asicmineramhash-989850
https://bitcointalksearch.org/topic/havelock-is-co-responsible-for-amhash-lets-get-our-money-back-986763

Fun fact:

AM100 .......................................................................   Market Cap    ฿4.1723 (~$1387.31);
MS (where the issuer hasn't been heard from for ~1 year):  Market Cap   ฿43.5142

Not too shabby, MintSpare, not too shabby...

I was really hoping the BE300 chips would be manufactured and available to third parties. My guess is the Prisma debacle hurt their bottom line quite a bit, what with offering replacement machines and full refunds on them even a couple months after. They probably lost a lot of coin on that deal.

I wonder what they're going to decide to do with the BE300 IP if the company goes under. They probably have a lot of dev costs to recoup from that, and if it's ready to send to a foundry someone else could buy it and have some pretty sweet chips in hand. Their top-end efficiency is right at Bitmain's bottom-end efficiency, they're at worst comparable to Bitfurys reported stock and would make some really nice flexible gear pretty easily.