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Topic: Diablo Mining Company - page 8. (Read 96412 times)

sr. member
Activity: 378
Merit: 250
May 06, 2013, 03:09:28 PM
Thanks for you reply, as I can see that currently DMC does not have any assets directly involve in mining process.
and I think your use investor's dividend to buy back shares , that isn't look quiet right.....
for current situation, I think DMC is in a passivity position. I suggest it is better to suspend buying back of share ,and you should spend those amount to start mining as soon as possibly, for a trading company only rely on holding another company's share to pay for dividend isn't a sustainable way.  otherwise, no mean for  new investor to join this stock, since it will be much profitable to directly purchase share from ASICMINER

You're missing most of the story. A long time ago, DMC was listed on GLBSE, which was owned by a guy named nefario. nefario decided one day to just completely fuck over the entire Bitcoin community and shut down GLBSE without warning and also attempted to steal assets and funds, with DMC taking the brunt of this attack and surviving.

The DMC plan was to own a privately owned facility to house mining hardware and sell space as a data center. Thanks to nefario's actions, a lot of investors in the Bitcoin community left and never returned. I am not accepting new investors for the existing version of DMC at this time and will not be issuing new shares.

DMC 2.0 will be issuing original issue discount zero discount bonds issued by a registered C-Corp in the US.

Also, ASICMINER is not issuing new shares either. The only way to get a hold of them is either buy them privately from people who already own them, buy shares through a pass through (theres two out there), or invest in a company that also holds ASICMINER shares.

As you mentioned above, you will be buy back all the current shares of DMC and than start DMC 2.0?
For myself ,I am  interesting the plan you made for DMC 2.0 , When you start that plan is any way to subscribe shares for DMC 2.0?
legendary
Activity: 1162
Merit: 1000
DiabloMiner author
May 06, 2013, 02:57:59 PM
Thanks for you reply, as I can see that currently DMC does not have any assets directly involve in mining process.
and I think your use investor's dividend to buy back shares , that isn't look quiet right.....
for current situation, I think DMC is in a passivity position. I suggest it is better to suspend buying back of share ,and you should spend those amount to start mining as soon as possibly, for a trading company only rely on holding another company's share to pay for dividend isn't a sustainable way.  otherwise, no mean for  new investor to join this stock, since it will be much profitable to directly purchase share from ASICMINER

You're missing most of the story. A long time ago, DMC was listed on GLBSE, which was owned by a guy named nefario. nefario decided one day to just completely fuck over the entire Bitcoin community and shut down GLBSE without warning and also attempted to steal assets and funds, with DMC taking the brunt of this attack and surviving.

The DMC plan was to own a privately owned facility to house mining hardware and sell space as a data center. Thanks to nefario's actions, a lot of investors in the Bitcoin community left and never returned. I am not accepting new investors for the existing version of DMC at this time and will not be issuing new shares.

DMC 2.0 will be issuing original issue discount zero discount bonds issued by a registered C-Corp in the US.

Also, ASICMINER is not issuing new shares either. The only way to get a hold of them is either buy them privately from people who already own them, buy shares through a pass through (theres two out there), or invest in a company that also holds ASICMINER shares.
legendary
Activity: 1162
Merit: 1000
DiabloMiner author
May 06, 2013, 02:44:35 PM
Is that a typo or do you mean you have 1000 shares as treasury stock?

Typo, 1000 shares of ASICMINER.
sr. member
Activity: 378
Merit: 250
May 06, 2013, 02:39:26 PM
Hi, I purchased 500 DMC shares in Bitfunder, I have littel bit uncertain about the Assets and dividend structure of DMC. I hope you can explaining those questions to me ...thanks

Regards


Assets held:
106 BTC-MINING(what is this ? and what is 106 mean? is that mean DMC hold 106 share of BTC-MINING? if it is so where can I check their divivden and trading price ?)
1000 BTCMC (what is BTCMC ? and what is 1000 mean? is that mean DMC hold 1000 share of BTCMC? if it is so where can I check their divivden and trading price ?)
1000 ASICMINER (I think I know ASICMINER is that mean DMC hold 1000 shares of ASICEMINER? )

Dividends:
16.4785 BTC from DMC's ASICMINER shares before 4/24
15.08478 BTC from DMC's ASICMINER shares 4/24 and after
6.1135235 BTC from my ASICMINER shares

Last question is ,if DMC hold 1000 shares of ASICEMINER, why there are two dividend relating to ASICMINER. what is the differences between MY's ASICMINER shares and DMC's ASICMINER?  why not dividend from BTCMC and BTC-MINING?

Wow. Surely, before you bought DMC, you did your due diligence and checked what you are buying into (i.e. by reading this thread)?

This is the correct answer.

DMC owns 1000 shares of DMC, I had personally held an additional 371 shares (which I sold near the middle of last month) which I was giving the dividends for those to DMC shareholders.

BTC-Mining nor BTCMC is paying dividends for the time being. BTC-Mining (ran by Namworld) loaned it's money to a guy named AmazingRando who was bulk buying BFL units, but AmazingRando ragequit and took not only BTC-Mining's money but a few other people's as well; Namworld is trying to do something about it but he hasn't made much headway yet. If Namworld can't get the money back, the shares are worth nothing.

As for BTCMC has suspended dividends until their BFL units arrive. BTCMC is not currently trading anywhere, it was trading on GLBSE but GLBSE shut down. It is unknown what the shares are worth if BFL does not ship as BTCMC's current asset holdings are almost entirely GPUs.

DMC is currently in the process of buying back as many shares as possible or consolidating into as few shareholders as possible to move on to DMC 2.0 (which has not been officially announced yet as I'm still trying to pull together whats needed for this).

Thanks for you reply, as I can see that currently DMC does not have any assets directly involve in mining process.
and I think your use investor's dividend to buy back shares , that isn't look quiet right.....
for current situation, I think DMC is in a passivity position. I suggest it is better to suspend buying back of share ,and you should spend those amount to start mining as soon as possibly, for a trading company only rely on holding another company's share to pay for dividend isn't a sustainable way.  otherwise, no mean for  new investor to join this stock, since it will be much profitable to directly purchase share from ASICMINER
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
May 06, 2013, 02:01:14 PM
--- snip ----

This is the correct answer.

DMC owns 1000 shares of DMC, I had personally held an additional 371 shares (which I sold near the middle of last month) which I was giving the dividends for those to DMC shareholders.

BTC-Mining nor BTCMC is paying dividends for the time being. BTC-Mining (ran by Namworld) loaned it's money to a guy named AmazingRando who was bulk buying BFL units, but AmazingRando ragequit and took not only BTC-Mining's money but a few other people's as well; Namworld is trying to do something about it but he hasn't made much headway yet. If Namworld can't get the money back, the shares are worth nothing.

As for BTCMC has suspended dividends until their BFL units arrive. BTCMC is not currently trading anywhere, it was trading on GLBSE but GLBSE shut down. It is unknown what the shares are worth if BFL does not ship as BTCMC's current asset holdings are almost entirely GPUs.

DMC is currently in the process of buying back as many shares as possible or consolidating into as few shareholders as possible to move on to DMC 2.0 (which has not been officially announced yet as I'm still trying to pull together whats needed for this).

Is that a typo or do you mean you have 1000 shares as treasury stock?

Quote
Treasury Stock aka Treasury Shares

A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ("open market" including insiders' holdings).

    Treasury stock does not pay a dividend
    Treasury stock has no voting rights

    ...

When shares are repurchased, they may either be canceled or held for reissue. If not canceled, such shares are referred to as treasury shares. Technically, a repurchased share is a company's own share that has been bought back after having been issued and fully paid.

A company cannot own itself. The possession of treasury shares does not give the company the right to vote, to exercise pre-emptive rights as a shareholder, to receive cash dividends, or to receive assets on company liquidation.


Just in case, if you have no idea what those are Smiley
legendary
Activity: 1162
Merit: 1000
DiabloMiner author
May 06, 2013, 01:39:25 PM
Hi, I purchased 500 DMC shares in Bitfunder, I have littel bit uncertain about the Assets and dividend structure of DMC. I hope you can explaining those questions to me ...thanks

Regards


Assets held:
106 BTC-MINING(what is this ? and what is 106 mean? is that mean DMC hold 106 share of BTC-MINING? if it is so where can I check their divivden and trading price ?)
1000 BTCMC (what is BTCMC ? and what is 1000 mean? is that mean DMC hold 1000 share of BTCMC? if it is so where can I check their divivden and trading price ?)
1000 ASICMINER (I think I know ASICMINER is that mean DMC hold 1000 shares of ASICEMINER? )

Dividends:
16.4785 BTC from DMC's ASICMINER shares before 4/24
15.08478 BTC from DMC's ASICMINER shares 4/24 and after
6.1135235 BTC from my ASICMINER shares

Last question is ,if DMC hold 1000 shares of ASICEMINER, why there are two dividend relating to ASICMINER. what is the differences between MY's ASICMINER shares and DMC's ASICMINER?  why not dividend from BTCMC and BTC-MINING?

Wow. Surely, before you bought DMC, you did your due diligence and checked what you are buying into (i.e. by reading this thread)?

This is the correct answer.

DMC owns 1000 shares of ASICMINER, I had personally held an additional 371 shares (which I sold near the middle of last month) which I was giving the dividends for those to DMC shareholders.

BTC-Mining nor BTCMC is paying dividends for the time being. BTC-Mining (ran by Namworld) loaned it's money to a guy named AmazingRando who was bulk buying BFL units, but AmazingRando ragequit and took not only BTC-Mining's money but a few other people's as well; Namworld is trying to do something about it but he hasn't made much headway yet. If Namworld can't get the money back, the shares are worth nothing.

As for BTCMC has suspended dividends until their BFL units arrive. BTCMC is not currently trading anywhere, it was trading on GLBSE but GLBSE shut down. It is unknown what the shares are worth if BFL does not ship as BTCMC's current asset holdings are almost entirely GPUs.

DMC is currently in the process of buying back as many shares as possible or consolidating into as few shareholders as possible to move on to DMC 2.0 (which has not been officially announced yet as I'm still trying to pull together whats needed for this).
legendary
Activity: 1358
Merit: 1001
https://gliph.me/hUF
May 06, 2013, 12:42:24 PM
Hi, I purchased 500 DMC shares in Bitfunder, I have littel bit uncertain about the Assets and dividend structure of DMC. I hope you can explaining those questions to me ...thanks

Regards


Assets held:
106 BTC-MINING(what is this ? and what is 106 mean? is that mean DMC hold 106 share of BTC-MINING? if it is so where can I check their divivden and trading price ?)
1000 BTCMC (what is BTCMC ? and what is 1000 mean? is that mean DMC hold 1000 share of BTCMC? if it is so where can I check their divivden and trading price ?)
1000 ASICMINER (I think I know ASICMINER is that mean DMC hold 1000 shares of ASICEMINER? )

Dividends:
16.4785 BTC from DMC's ASICMINER shares before 4/24
15.08478 BTC from DMC's ASICMINER shares 4/24 and after
6.1135235 BTC from my ASICMINER shares

Last question is ,if DMC hold 1000 shares of ASICEMINER, why there are two dividend relating to ASICMINER. what is the differences between MY's ASICMINER shares and DMC's ASICMINER?  why not dividend from BTCMC and BTC-MINING?

Wow. Surely, before you bought DMC, you did your due diligence and checked what you are buying into (i.e. by reading this thread)?
sr. member
Activity: 378
Merit: 250
May 06, 2013, 12:30:56 PM
Hi, I purchased 500 DMC shares in Bitfunder, I have littel bit uncertain about the Assets and dividend structure of DMC. I hope you can explaining those questions to me ...thanks

Regards


Assets held:
106 BTC-MINING(what is this ? and what is 106 mean? is that mean DMC hold 106 share of BTC-MINING? if it is so where can I check their divivden and trading price ?)
1000 BTCMC (what is BTCMC ? and what is 1000 mean? is that mean DMC hold 1000 share of BTCMC? if it is so where can I check their divivden and trading price ?)
1000 ASICMINER (I think I know ASICMINER is that mean DMC hold 1000 shares of ASICEMINER? )

Dividends:
16.4785 BTC from DMC's ASICMINER shares before 4/24
15.08478 BTC from DMC's ASICMINER shares 4/24 and after
6.1135235 BTC from my ASICMINER shares

Last question is ,if DMC hold 1000 shares of ASICEMINER, why there are two dividend relating to ASICMINER. what is the differences between MY's ASICMINER shares and DMC's ASICMINER?  why not dividend from BTCMC and BTC-MINING?
legendary
Activity: 1162
Merit: 1000
DiabloMiner author
May 04, 2013, 02:23:38 PM
I recall you promised to buy back DMC shares. So far you have managed to buy back only 718 shares Sad

Yes, I promised to buy back DMC shares, and I have used half of dividends every month to do so.
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
May 04, 2013, 02:01:40 PM
How's the promised buy-back going?

ASICMiner should be issuing their first dividend soon.

Can you answer the question?

https://bitfunder.com/asset/DMC

Asset Name   DMC
Asset Issuer   Diablo-D3
Shares Total   11,579
Shares Issued   11,579
Pays Dividends   Yes
Issuer may Increase Shares:   No


Asset Name   DMC
Asset Issuer   Diablo-D3
Shares Total   11,579
Shares Issued   11,393

https://bitfunder.com/asset/DMC shows
Shares issued: 10,675
I recall you promised to buy back DMC shares. So far you have managed to buy back only 718 shares Sad


legendary
Activity: 1162
Merit: 1000
DiabloMiner author
May 03, 2013, 11:47:59 AM
Active shares: 10,675
Dividends paid out today: 18.74410384 BTC
Dividends per share paid out today: 0.00175588  BTC

Dividends paid out for all time: 188.21141485 BTC
Dividends paid out for all time per share: 0.0361988163171353 BTC

Assets held:
106 BTC-MINING
1000 BTCMC
1000 ASICMINER

Dividends:
16.4785 BTC from DMC's ASICMINER shares before 4/24
15.08478 BTC from DMC's ASICMINER shares 4/24 and after
6.1135235 BTC from my ASICMINER shares

37.6768035 BTC total

Progress:
1691 to 1966 BTC paid into DMC over 20909 shares
1015 BTC returned for 9,330 shares (0.108 each)
8.95 BTC returned for 186 shares (0.048 each)
54.57 BTC returned for 620 shares  (0.087 each)
18.93 BTC returned for 98 shares (0.193 each)
188.21 BTC dividends paid

405.34 to 680.34 BTC still owed for 51.05% of shares
legendary
Activity: 1162
Merit: 1000
DiabloMiner author
May 03, 2013, 09:00:51 AM
AM dividends are, DMC dividends are monthly.
How about the dividends for May?

Hurray! The forums are back! Maybe I can do dividends now.
legendary
Activity: 1358
Merit: 1001
https://gliph.me/hUF
May 03, 2013, 07:46:15 AM
AM dividends are, DMC dividends are monthly.
How about the dividends for May?
hero member
Activity: 490
Merit: 500
... it only gets better...
April 29, 2013, 04:22:38 PM
ASICMINER is up, DMC is up, life is good!

x2
hero member
Activity: 490
Merit: 500
... it only gets better...
April 17, 2013, 02:02:45 PM
ASICMINER is up, DMC is up, life is good!
hero member
Activity: 490
Merit: 500
... it only gets better...
March 31, 2013, 11:18:35 PM
Rrrrrright...
legendary
Activity: 1162
Merit: 1000
DiabloMiner author
March 31, 2013, 11:02:19 PM
I have posted a notice in the op post.

Out if all the active shares how many you got?

0. I burned my shares when I relisted it.
hero member
Activity: 490
Merit: 500
... it only gets better...
March 31, 2013, 10:45:42 PM
I have posted a notice in the op post.

Out if all the active shares how many you got?
legendary
Activity: 1162
Merit: 1000
DiabloMiner author
March 31, 2013, 03:40:24 PM
I have posted a notice in the op post.
legendary
Activity: 1162
Merit: 1000
DiabloMiner author
March 31, 2013, 03:17:37 PM
Active shares: 10,773
Dividends paid out today: 55.44022806 BTC
Dividends per share paid out today: 0.00514622  BTC

Dividends paid out for all time: 169.46731101 BTC
Dividends paid out for all time per share: 0.0344429363171353 BTC

Assets held:
106 BTC-MINING
1000 BTCMC
1000 ASICMINER

Dividends:
80.23046000 BTC from DMC's ASICMINER shares
29.76550066 BTC from my ASICMINER shares

109.99596066 BTC total

Progress:
1691 to 1966 BTC paid into DMC over 20909 shares
1015 BTC returned for 9,330 shares (0.108 each)
8.95 BTC returned for 186 shares (0.048 each)
54.57 BTC returned for 620 shares  (0.087 each)
169.46 BTC dividends paid

443.12 to 718.12 BTC still owed for 51.52% of shares
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