I see this stock is pretty huge in terms on market cap.
Is this a 1 man run operation? What if this Friedcat dude dies? Will stock tank or what?
Can anyone see who are the people behind this ASICMiner? How many people are involved in this operation?
Is this a 1 man run operation? What if this Friedcat dude dies? Will stock tank or what?
Can anyone see who are the people behind this ASICMiner? How many people are involved in this operation?
Welcome to the party. Can you please read around before you waste our time checking the thread and fining this instead of good information and arguments..
I have checked the original ASICminer thread and there are no clear answers to any of my questions.
So here is some speculation for you: If friedcat dies there's a good chance this stock will go to zero.
Also this guy's associates are not listed anywhere. Guy just posted in his thread that his friends are involved and that's that.
Quote
"Q: What about your partners?
A: They are my friends also located in China. I know them in person, trust
them myself in person. They are enthusiastic to this project and already commited a lot of hard
work at their best to make it succeed."
Why not give some names, references and so on?A: They are my friends also located in China. I know them in person, trust
them myself in person. They are enthusiastic to this project and already commited a lot of hard
work at their best to make it succeed."
Friedcat mentioned some measures are in place in case somebody get hit by a bus.
For the names, AM is not trustful to shareholders now because of names, references and so on, but because it fulfills its promises. If you're not happy with that, don't buy shares. Period.
Bernard Madoff fulfilled his promises for quite some time. But thanks for the info. That pretty much answers my questions.
Guess I won't touch this stock. You have to basically hope this guy will still be alive or doing his thing tomorrow or day after that and that he does indeed have backups in place and that those backups he has are trustworthy. In my book hope is not an investment strategy but to each his own. "I am more concerned with the return of my money than the return on my money.".
Fact that he's located in China also doesn't inspire much confidence. Just ask Sino-Forest investors and they'll tell you why.
I also see dividends have been falling lately without clear explanation as to why and one friedcat provided was not too convincing.
That pirate guy you've mentioned now risks some serious jail time. So fact that he revealed his named provided a level of accountability. He will now pay for scamming people. He will also have to carry that reputation for all his life. Same can't be said though about those who don't reveal their own or their associates' identity.
I have to say though, I am amazed by the level of trust I've seen in this community. The market cap of this stock is good example.
