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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 514. (Read 3917515 times)

donator
Activity: 994
Merit: 1000
Nice insight. I can only underline the need for such an update for the non-board investors, i.e. this forum! Be it just a heads up on the progress and the next vague steps/milestones.
Major milestones have been out there for a while - I know things develop fast in bitcoin world and information which is about 2 months old feels ancient - but it's not when you look at it from a development cycle point of view...

Which makes me wonder, what kind of leverage does the board have? How could they influence the direction AM is going? Is there any distributed power (i.e. multiple signatures for wallets, etc...)?
All executive decisions are with friedcat and his team, and as such the board has only advisory capacity. The leverage is "accountability" in a general sense, and the most prominent benchmark is dividend payments. Of course there is the need for further benchmarks. No measures have been taken to distribute power across the shareholder base.
hero member
Activity: 518
Merit: 500
We are largely an advisory board, and as I've said several times in the past, you all vastly overestimate the amount of info that is exclusive to the board.

There has never been a board meeting that I can recall that resulted in any notable buying or selling of shares.

Things just aren't as sexy or dramatic as some would like to believe, sorry.
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
Thanks. Looks to me like jutarul pulled that number out of thin air but he does know better than any of us non-board members. Either way I think if enough people bug FC he will give us an update even if it doesn't include any real progress.
It's not pulled out of thin air, it's another deadline which FC committed to (actually it's 31-Jan), so I expect some update coming from him around that date. Otherwise the board obviously has to inquire about the delay (and do something about it).

Nice insight. I can only underline the need for such an update for the non-board investors, i.e. this forum! Be it just a heads up on the progress and the next vague steps/milestones.

Which makes me wonder, what kind of leverage does the board have? How could they influence the direction AM is going? Is there any distributed power (i.e. multiple signatures for wallets, etc...)?
newbie
Activity: 16
Merit: 0
Well someone is buying up cheap shares from all the panic sales Smiley
donator
Activity: 994
Merit: 1000
Thanks. Looks to me like jutarul pulled that number out of thin air but he does know better than any of us non-board members. Either way I think if enough people bug FC he will give us an update even if it doesn't include any real progress.
It's not pulled out of thin air, it's another deadline which FC committed to (actually it's 31-Jan), so I expect some update coming from him around that date. Otherwise the board obviously has to inquire about the delay (and do something about it).
hero member
Activity: 770
Merit: 509
When does the board meeting take place? And does it take place on a regular schedule?

This is all we know (kudos to Jutarul):

You can lead a horse to water, but you can't make it drink. Improvements have been continually suggested by the board. There seems to be something internal preventing any improvements to PR or related aspects. So far the board has been very lenient with that. The way things are progressing there will likely have to be an investor forced audit at some point in time ...

There has been a request for a board meeting a few days ago - I expect friedcat to be busy right now and be available for a meeting before 30-Jan-14 (but don't hold me liable for that date).

Does TAT know more/can confirm?

Thanks. Looks to me like jutarul pulled that number out of thin air but he does know better than any of us non-board members. Either way I think if enough people bug FC he will give us an update even if it doesn't include any real progress.
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
When does the board meeting take place? And does it take place on a regular schedule?

This is all we know (kudos to Jutarul):

You can lead a horse to water, but you can't make it drink. Improvements have been continually suggested by the board. There seems to be something internal preventing any improvements to PR or related aspects. So far the board has been very lenient with that. The way things are progressing there will likely have to be an investor forced audit at some point in time ...

There has been a request for a board meeting a few days ago - I expect friedcat to be busy right now and be available for a meeting before 30-Jan-14 (but don't hold me liable for that date).

Does TAT know more/can confirm?
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
No outside party trying to help with PR will get any further than I did. The communication breakdown is on AM's end.

Assuming there is any news to report...

Will there be (/was there) a board meeting this week? Jutarul mentioned one possibly being held before January is over. You'd be involved as well?
hero member
Activity: 770
Merit: 509
Name:    friedcat
Posts:    756
Activity:    672
Position:    Donator
Date Registered:    January 16, 2012, 03:50:08 AM
Last Active:    Today at 02:32:58 AM

He logs in but posts anything? Even if he chose Mr. Gordon Freeman as PR person we would get more information about current situation!  Angry

I'd guess he responds to PMs.
They need to receive test samples and verify the tape out went successful. Wait until we get news after the board meeting takes place.

When does the board meeting take place? And does it take place on a regular schedule?
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
Name:    friedcat
Posts:    756
Activity:    672
Position:    Donator
Date Registered:    January 16, 2012, 03:50:08 AM
Last Active:    Today at 02:32:58 AM

He logs in but posts anything? Even if he chose Mr. Gordon Freeman as PR person we would get more information about current situation!  Angry

I'd guess he responds to PMs.
They need to receive test samples and verify the tape out went successful. Wait until we get news after the board meeting takes place.
hero member
Activity: 518
Merit: 500
No outside party trying to help with PR will get any further than I did. The communication breakdown is on AM's end.

Assuming there is any news to report...
legendary
Activity: 2461
Merit: 1058
Don't use bitcoin.de if you care about privacy!
Name:    friedcat
Posts:    756
Activity:    672
Position:    Donator
Date Registered:    January 16, 2012, 03:50:08 AM
Last Active:    Today at 02:32:58 AM

He logs in but posts anything? Even if he chose Mr. Gordon Freeman as PR person we would get more information about current situation!  Angry
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
How long is it taking lately to process share transfers?

I am waiting 3rd week (request by mail), but i sent PM request via bitcointalk only last week ... so i'll be wiser on Wednesday. I'll let you know in PM then.
I sent a transfer request by email on 4th Jan and it was processed by friedcat on the 8th.

Make sure you include a signature using the address the shares are assigned to. Maybe requests are just silently ignored otherwise.

Maybe he/she doesn't even own shares  Tongue
full member
Activity: 160
Merit: 100
How long is it taking lately to process share transfers?

I am waiting 3rd week (request by mail), but i sent PM request via bitcointalk only last week ... so i'll be wiser on Wednesday. I'll let you know in PM then.
I sent a transfer request by email on 4th Jan and it was processed by friedcat on the 8th.

Make sure you include a signature using the address the shares are assigned to. Maybe requests are just silently ignored otherwise.
hero member
Activity: 630
Merit: 500
Bitgoblin
How long is it taking lately to process share transfers?

I am waiting 3rd week (request by mail), but i sent PM request via bitcointalk only last week ... so i'll be wiser on Wednesday. I'll let you know in PM then.
thanks
newbie
Activity: 32
Merit: 0
yall r nuts.

friedcat made millions putting up wit u

he been hashin on the sly since day 1 my little bros

maybe he throws ya some bones to keep the dream alive

maybe he dont

sit in ur corner and wait
sr. member
Activity: 378
Merit: 250
How long is it taking lately to process share transfers?

I am waiting 3rd week (request by mail), but i sent PM request via bitcointalk only last week ... so i'll be wiser on Wednesday. I'll let you know in PM then.
hero member
Activity: 630
Merit: 500
Bitgoblin
Friedcat promised PR.

Friedcat has millions of USD in his company.

Friedcat cannot find one person in a country with 1bn, who is able to accept some money in return for posting an accurate update to shareholders every 1-2 weeks.

Seriously............?
This copes well with my theory that while everything was going ok they issued regular updates, but when they fucked up they stopped giving updates. Still better than lying.
Of course, they also broke many promises, so while it's better than an outright lie, it doesn't beat it by much.
As far as I'm concerned I made a mistake not walking away when it was clear (if you just did look) the ship was sinking.
sr. member
Activity: 298
Merit: 250
Friedcat promised PR.

Friedcat has millions of USD in his company.

Friedcat cannot find one person in a country with 1bn, who is able to accept some money in return for posting an accurate update to shareholders every 1-2 weeks.

Seriously............?
hero member
Activity: 630
Merit: 500
Bitgoblin
How long is it taking lately to process share transfers?
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