Quote from: ianbakewell on August 31, 2012, 04:31:50 PM

Quote from: DiabloD3 on April 20, 2012, 09:37:28 PM

DMC will focus on mining and secondary revenue streams by not only owning the largest mining farm in existence, but also by owning its own dedicated facility and generating green power by solar and/or wind. Extra space in the facility can be rented out to other mining operations or non-mining customers.

The funding will be used to focus on three areas: a dedicated facility that can not only house our hardware but also have spare room to be leased out, purchasing high efficiency mining equipment, and purchasing enough green power generation to eliminate the operational overhead of electricity prices to allow the mining company to continue operating in profit-adverse situations (such as Bitcoin difficulty rapidly increasing, or Bitcoin prices rapidly dropping).

Quote from: DiabloD3 on April 20, 2012, 09:37:28 PM

The Hardware
DMC will pursue any technology that gives the best performance per dollar and the best returns to our investors. We will never purchase Butterfly Labs hardware.

Quote from: DiabloD3 on April 20, 2012, 09:37:28 PM

Share Contract
The revenue will be split in two parts:
1) 50% of all mining revenue will be distributed to shareholders in the form of dividends (henceforth referred to as "dividends"). These dividends will be paid monthly, split evenly among all shares regardless of class or issuing date.
2) 50% will be used to invest in additional hardware, decrease the cost of mining, and/or pay for long term operating costs of the company (henceforth referred to as the "growth fund").

Potential investors are lead to believe that DMC will focus on aquiring hardware in the pursuit of building the largest mining farm in existence
Secondary revenue streams are mentioned - this is then followed up with the mention of having room to rent out
Green power is mentioned in regard to cost cutting - providing your own power - not as a revenue stream
None of this matters, as you have been unable to follow through

To date no physical hardware exists, you have solely pursued the "secondary revenue streams" option, except those streams have absolutely no connection to the renting space that was alluded to
Instead investors have realized extreme losses as the raised funds have been funnelled into other GLBSE assets,
...you then falsely account for these based on the mhash they would require to provide projected dividends - passing off a completely arbitrary number as actual hashing holdings
The only conclusion I can come to is that DMC is one horrible clusterfuck intentionally designed to defraud shareholders - Or that you are an incompetent person with a penchant for lying

*edit*
Are you honestly blaming other listings on your failure? lmao. look dude, ASICMINER has nothing to do with your share price.
If DMC was worth it, someone would be there to pick up the shares someone was selling to diversify their holdings into ASICMINER
If DMC was worth it, liquidity would exist, and people entering / exiting would have 0 effect.

The section you quoted about the hardware: DMC is pursuing technology that gives the best performance per dollar: our largest holding is in ASICMINER, the rest of our holdings are upgrading their BFL hardware to SC singles and rigs. We may not host any of it ourselves yet, but it does not negate the existence of the investments.

Potential investors are lead to believe that DMC will complete the plan. DMC will complete the plan. Due to the unfortunately slow pace of the market post-Bitcoinica, most of the funding that DMC would have received is gone, and it most likely will never return to the market. If I was incompetent as you seem to claim, I would not be pursuing future plans after the first generation build out, nor would I be pursuing alternate ways of completing the plan as written.

Green power is a future revenue stream. You seem to think once we install a quarter of a million dollars worth of solar panels and/or wind turbines, we're done? Nope. We keep building. Same with the data center: back when the plan was written, being the biggest single miner in the world would take half a dozen to a dozen racks full of gear, but now it only takes one. Our small data center would have at least two or three dozen racks, the rest of them will obviously be leased out for high density computing customers, thus also becoming a future revenue stream.

Because ASIC is now a real thing, mining itself is quickly becoming far less profitable than it was when the plan was originally drawn up. Mining is still important to the plan, but the plan was always three pronged; the other two prongs are just now much more prominent than they originally were.

I will continue to do everything in my power to maintain shareholder value in DMC.