[BTCT.CO] [IPO-cancelled] BTCGARDEN MINER---Eyes to the horizon - page 33.

zy02264

member

Activity: 116

Merit: 10

Quote from: joele on July 31, 2013, 11:57:34 PM

Quote from: julz on July 31, 2013, 11:28:10 PM

Over 20% sold of the first tranche of 2 Million shares.

I expect it'll sell out over the next day or two. It'll be interesting to see what price they release the 2nd 2Million shares at.
Anyone buying at higher than 0.016 will be taking a big risk that they release the next lot at only a tiny amount higher.

It seems strange to me that they haven't given some approximate indication of how much higher they might price the 2nd tranche... because without some idea, people won't be in any hurry to bid up prices.

I doubt that the 2 million will be sold in couple of days, probably months. Expect others will sell their shares at lower price.

I am pretty positive that the rest will gone by tomorrow at most. It's impressive that 1/4 already gone without any advance "IPO start" notice. Guess what will happen when investors in US and EU wake up.

oxfeeefeee

member

Activity: 73

Merit: 10

Quote from: Franktank on July 31, 2013, 11:50:17 PM

Quote from: julz on July 31, 2013, 11:28:10 PM

Over 20% sold of the first tranche of 2 Million shares.

I expect it'll sell out over the next day or two. It'll be interesting to see what price they release the 2nd 2Million shares at.
Anyone buying at higher than 0.016 will be taking a big risk that they release the next lot at only a tiny amount higher.

It seems strange to me that they haven't given some approximate indication of how much higher they might price the 2nd tranche... because without some idea, people won't be in any hurry to bid up prices.

It's a bit to start slinging "dirt" but read Labcoin's IPO contract and BTCGarden's IPO contract.

Now, BTCGarden plans to deploy 200 TH/s in September with their first deployment (already paid for). IPO is paying for the second batch (300 TH/s), operating costs, and further R&D for 2nd gen chips (Layout/Tape Out planned within 2013).

Maybe it's just me but BTCGarden has made ambitious, but still realistic plans for the upcoming fall.

BTCGarden seems to be a better investment to me, but in short term people just want to make money quick, and Labcoin is cheap enough to make the money off of.

joele

legendary

Activity: 1022

Merit: 1000

Quote from: julz on July 31, 2013, 11:28:10 PM

Over 20% sold of the first tranche of 2 Million shares.

I expect it'll sell out over the next day or two. It'll be interesting to see what price they release the 2nd 2Million shares at.
Anyone buying at higher than 0.016 will be taking a big risk that they release the next lot at only a tiny amount higher.

It seems strange to me that they haven't given some approximate indication of how much higher they might price the 2nd tranche... because without some idea, people won't be in any hurry to bid up prices.

I doubt that the 2 million will be sold in couple of days, probably months. Expect others will sell their shares at lower price.

Franktank

hero member

Activity: 560

Merit: 500

Quote from: julz on July 31, 2013, 11:28:10 PM

Over 20% sold of the first tranche of 2 Million shares.

I expect it'll sell out over the next day or two. It'll be interesting to see what price they release the 2nd 2Million shares at.
Anyone buying at higher than 0.016 will be taking a big risk that they release the next lot at only a tiny amount higher.

It seems strange to me that they haven't given some approximate indication of how much higher they might price the 2nd tranche... because without some idea, people won't be in any hurry to bid up prices.

Read Labcoin's IPO contract and BTCGarden's IPO contract.

Now, BTCGarden plans to deploy 200 TH/s in September with their first deployment (already paid for). IPO is paying for the second batch (300 TH/s), operating costs, and further R&D for 2nd gen chips (Layout/Tape Out planned within 2013).

Maybe it's just me but BTCGarden has made ambitious, but still realistic plans for the upcoming fall.

somestranger

hero member

Activity: 487

Merit: 500

Are You Shpongled?

Quote from: Surprise on July 31, 2013, 11:24:59 PM

I'm sincerely confused why all the hype is with labcoin and not BTCGarden. What part of "we're gonna deploy 200TH by the end of October and then 300TH more by the end of the year" do people not understand?

That is because there will likely be delays (anyone can make lofty predictions like that) and the IPO is extremely expensive. Valuing this company at millions of dollars when they have nothing to show for it is ridiculous when Labcoin asked for only $700k.

julz

legendary

Activity: 1092

Merit: 1001

Over 20% sold of the first tranche of 2 Million shares.

I expect it'll sell out over the next day or two. It'll be interesting to see what price they release the 2nd 2Million shares at.
Anyone buying at higher than 0.016 will be taking a big risk that they release the next lot at only a tiny amount higher.

It seems strange to me that they haven't given some approximate indication of how much higher they might price the 2nd tranche... because without some idea, people won't be in any hurry to bid up prices.

Franktank

hero member

Activity: 560

Merit: 500

Quote from: Surprise on July 31, 2013, 11:24:59 PM

I'm sincerely confused why all the hype is with labcoin and not BTCGarden. What part of "we're gonna deploy 200TH by the end of October and then 300TH more by the end of the year" do people not understand?

SHHH!!! COME MAN!! WAIT FOR MY CONFIRMS TO GET IN FIRST!!

Surprise

member

Activity: 77

Merit: 10

I'm sincerely confused why all the hype is with labcoin and not BTCGarden. What part of "we're gonna deploy 200TH by the end of October and then 300TH more by the end of the year" do people not understand?

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: kingcrimson on July 31, 2013, 10:50:56 PM

I'm 50 % in active mining, 40 % in labcoin, 10 % in garden. Hopefully one of them will take off.

+1

kingcrimson

legendary

Activity: 1025

Merit: 1000

I'm 50 % in active mining, 40 % in labcoin, 10 % in garden. Hopefully one of them will take off.

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Shares are up it might take a while but it will be interesting

joele

legendary

Activity: 1022

Merit: 1000

No need to rush to buy btcgarden, its a 2 Million IPO shares @ 0.016, it will be forever. Actually you can buy this at lower price someday.

AngelSky

hero member

Activity: 1008

Merit: 537

big day

Pale Phoenix

sr. member

Activity: 420

Merit: 250

They are releasing these shares TODAY?

Come on. LOL

slightboyme

newbie

Activity: 54

Merit: 0

is it happening?

Wsbltc

newbie

Activity: 48

Merit: 0

where is aiwill? what are him doing now?

canth

legendary

Activity: 1442

Merit: 1001

Quote from: AM4Bitcoin on July 31, 2013, 08:29:09 PM

If they really need this amount of money, then at least they should give the shareholders a detailed listing what they gonna purchase with that money.

I agree. They could definitely expand upon this:

"A: we need money for our second batch of chips ,which equal to 300T more hashrate,since we need to order the wafers in very advance,it will be too late to pay for it if we use the bitcoins we can mine out on Sep."

And I'd like to see how much they think they'll need to invest in the 2nd generation hardware for NRE costs.

AM4Bitcoin

full member

Activity: 189

Merit: 100

If they really need this amount of money, then at least they should give the shareholders a detailed listing what they gonna purchase with that money.

canth

legendary

Activity: 1442

Merit: 1001

Quote from: VolanicEruptor on July 31, 2013, 08:11:38 PM

Don't they make this mistake on Dragon's Den / Shark Tank all the time? Over valuation?
Like Kevin O Leary would say, "You're NUTS if you think I'm going to give you my money. Go crawl back to the filth you came from!"... or something along those lines.

For those looking for a quick flip, yes - this investment isn't anywhere near as interesting as say the LabCoin IPO. With that said, perhaps a better question would be - is the initial investment of $700K for LabCoin enough for them to be able to compete effectively with ASICMiner for double digit percentage of the network hashrate?

I agree, I'm a bit dubious about the pricing but from a capital investment standpoint, BTCGarden may be in a better position to accumulate enough hardware to take on a more significant market share than LabCoin will.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Don't they make this mistake on Dragon's Den / Shark Tank all the time? Over valuation?
Like Kevin O Leary would say, "You're NUTS if you think I'm going to give you my money. Go crawl back to the filth you came from!"... or something along those lines.

Topic: [BTCT.CO] [IPO-cancelled] BTCGARDEN MINER---Eyes to the horizon - page 33. (Read 198285 times)