Topic: ASICMINER Speculation Thread - page 101. (Read 808757 times)

I've already delta-hedged all my remaining options, so the execution is just a formality. Theoretically there is still black-scholes value associated with the options; if the price went back above my target, I could sell back out of the delta-hedge and become net short again.

However, the counterweighting factor is the risk associated with holding options on an imploding exchange. That alone isn't enough to make me execute yet, but now that I consider I am also trapping the money of the people that wrote me options on BTCT, that is enough to compel me to execute the remainder later today.

Sorry, by the way. I don't enjoy taking people's money. At least you did a little better than you would have if you bought another share outright.

Yup.
Are you waiting on purpose, confiding it won't break soon?

Guess it's time to exercise my options...

As I said before, the dividends are meaningless at this point. They will be low as all coins going towards gen 2 R&D.  What matters is the hashrate and ASICMiner being able to stay ahead of the game.

Shall we trigger the transfer out to btct or wait for burnside to speak??!

I'll answer a bunch more of these questions tomorrow, but I think these are important to address quickly:

First.  The asset issuers have what they need to continue after the trade-freeze.  I am not selling my assets because I hold assets with issuers I felt like I could trust.  In other words, think about what you're doing before you do it.

Second.  If you're trying to withdraw and it's locked, please make sure you've plugged in your address on this page first:  https://btct.co/account?tab=tab2  We have everyone's funds, though I am going to have to pull some funds out of the offline wallet tomorrow I am almost certain.

Third.  ASICMINER-PT shareholders will be fine.  We have lots of options.

Cheers.

Shall we trigger the transfer out to btct or wait for burnside to speak??!

I'll answer a bunch more of these questions tomorrow, but I think these are important to address quickly:

First.  The asset issuers have what they need to continue after the trade-freeze.  I am not selling my assets because I hold assets with issuers I felt like I could trust.  In other words, think about what you're doing before you do it.

Second.  If you're trying to withdraw and it's locked, please make sure you've plugged in your address on this page first:  https://btct.co/account?tab=tab2  We have everyone's funds, though I am going to have to pull some funds out of the offline wallet tomorrow I am almost certain.

Third.  ASICMINER-PT shareholders will be fine.  We have lots of options.

Cheers.

any idea of what happens to all those pass through AM shares?

Guess it's time to exercise my options...

that's why the price is tanking like crazy... anyway this is an exchange issue, not an AM problem so it should stabilize once the btc-tc problem is solved... we have survived GLBSE which was much much worse.

^^^ holy crap that's crazy news!..  Man...

where  

An ASICMINER share sold @ 1.0 btc today?

I'm in mild shock. Never imagined it'd go that low, that seems a whack.

edit: Ok seems it was just 2 shares. Sort of an aberration. Maybe the dude was high or something. But still. Wow... that low eh..... 

IMPORTANT NOTICE TO ALL BTC TRADING CORP WEBSITE PARTICIPANTS

As a result of recent changes in the virtual currency regulatory environment, the btct.co and litecoinglobal.com virtual stock market websites will be closing down.  The following is our current schedule:

Approximately a week ago, both sites were closed to any new users and new asset creation was disabled.
 
Effective immediately, in conjunction with this release, trading will be halted, all order books cleared, and trading re-enabled.
 
October 7, 2013, all forms of secondary market trading will be halted on both sites.
 
Approximately October 31, 2013, both sites will be taken offline.  It is strongly suggested that participants take the following steps to protect all of their virtual assets:
 
All participants should take steps to transfer all of your BTC and LTC (and any other data you wish to keep, such as CSV trade histories) held on the sites to your personal computer or another trusted site.
 
All participants should make sure that their public BTC or LTC address is properly set in the Account page on the Settings tab whereby it can be shared with all issuers.
 
All “issuers” should have the contact information concerning their “investors”, and we ask that all “issuers” communicate with their “investors” as soon as possible as to how they will ensure that all are treated appropriately.
We regret this development. However, we want to do everything we can to minimize problems arising from this transition.  It is our goal to keep this shutdown orderly and calm.

Thank you for your participation, creativity, loyalty and sense of community over the past year.  Additional communications will follow as we work out the details.

Ethan Burnside
BTC Trading Corp.