It seems you have a talent for misinterpretation. Maybe it's your bearish sentiment which leads you to some of those conclusions.
This is a good thing. Any movement of AM toward transparency is positive, in my book, although longs should be aware that transparency can be a double-edged sword. If things are going well, it will get noticed. If they are going poorly, it will get noticed. It may end up increasing volatility.
Words without meaning. What are you trying to say? If the sun shines today it may rain tomorrow?
I've talked before about AM and its refusal to grow beyond an ASIC company ... Their cashflow should allow them to explore and capitalize on new business prospects far better than a start-up. Why is AM so lacking in vision?
You seem to be fixed on the idea that ASICMINER should chase more than one rabbit. As stated elsewhere, it is not impossible, but it has to fit neatly into the strategy of the company - otherwise there is a disconnect and a loss of focus. Your critique is heard - and if new monetizing strategies come along I am certain friedcat will be eager to employ them.
Why has the hashrate dropped the past weeks?
It dropped in different few days. Some of them are internal hardware/network glitches,...
This is a bad sign. Sure, their hashrate hasn't decreased, but they're having trouble managing their hardware at 50 TH. On the bright side, they managed to maintain a stable hashrate for a pretty long period of time, so it's not something they're incapable of, but it's not the trend you want. Downtime was more expected and forgivable close to launch.
You seem to have no experience with reality. Downtimes due to unforeseen reasons happen in the most professional circles. Also we're not talking about a redundancy business here, but a capacity business. If all friedcat had to do is run 1 blade with a 5000 fold redundancy, I am sure we'd have 100% uptime, no trouble.
The network hashrate increase was still under our projection. The total hash target originally set for the end of this year would probably achieved earlier.
This is CEO-speak for "we didn't expect this, but we have a plan". Which is unsurprising, since there's still something like 500 TH of Avalon chips still due for delivery, god knows how many BFL units, 100TH/Bitfury firing up, et al. (One must wonder where AM would have been if Avalon and BFL had delivered on time.)
Again, you're not really saying much. Projections are bound to be off, that's why they are projections. In this case the deviation is rather positive.
The reason I know it was unexpected is that FC is curtailing dividends to save up for more devices in Sept/Oct. If things were exactly as expected, competent leadership would have known the amount of money required in advance, and smoothed out that deduction over many dividends. Instead, FC decided to cut deeply into this dividend, and the next few (apparently).
Are you suggesting friedcat should increase the cash holdings of ASICMINER? Are you not satisfied with the strategy that payments are aggressively deducted from the most recent dividend? Does the volatility in dividends bother you for some reason?
So that's either a management failure, or AM recognizes they are in a tighter spot than they expected. Take your pick.
What exactly should the failure be? Pay as you go? Need I remind you - Most existing competitors are effectively financing the production through pre-orders. Probably only Avalon is now in a position to pay for a production run out of pocket from previous earnings.
Either way, I suspect that the market was operating on the assumption that AM had already the funds they needed for new devices, so these reduced dividends are a negative surprise. A correction is to be expected.
I doubt that investors are that naive. And it's irrelevant anyway - any dividend not payed goes into the cash pool of the company. Dividends not payed may interfere with timing your share purchases though - I understand that.
The internationally deployed portion will dominate when the gain of operation cost outweigh the delay and cost of international shipping/assembling abroad.
This means "we plan to play catch-up when other firms have finished localizing in the regions where electricity and rent are cheapest."
Now your logic is out of the window. The statement means that the opportunity costs between rapid local deployment and relocation have to be considered. When that incentive is strong enough, hashpower will go abroad. When it comes to bitcoin we still live in an "empty world", with a lot of relocation opportunities. It will take at least another few years until that changes. But I sympathize with your sentiment to push aggressively into international distribution.
. The entertainment value of a short who's trapped... begging for attention. Hilarious...