Quote from: friedcat on December 22, 2012, 06:25:48 AM

Update

This is again a quick update.

We received (again) the revised version of shareholders' information from GLBSE.
The difference is that this time the whole number finally adds up. So if its data is
indeed correct, it should contain all shareholders' information, including those who
refused to share their information with the asset issuers. Therefore we will base the
shareholder data on the new version.

Quote from: bitfair on December 19, 2012, 06:25:16 PM

Quote from: friedcat on December 19, 2012, 06:07:25 AM

Update
1. Our wafers are already in the slicing and packaging service. Whether we could beat everyone else in early delivering, or we have to revise and redo the wafers, will be known within the next two weeks.

An encouraging update! It means the chips at least passed the QC at the fab, and that slicing+packaging+testing is already under way. I'm hungry for more info, please return soon and fill in more blanks:
1) Recovered the ~5000 BTC from GLBSE yet? (I would like to just stop worrying about it...)
2) Did the fab really process 12 layers in 7 days, or was it simply information delay?? [Dec 05: "There are 12 layers left", Dec 12: "we are now in QC"]
3) What is the reason for deploying the second half of the chips later than the first? [Genuine question, I'm simply not smart enough that the reasons are obvious to me!]

I think I can say on behalf of all (at least many/most) stakeholders: Thanks, congrats, and keep up the great work!

1) GLBSE still owes us money, but the total debt is much less than 5000BTC. As I promised before, the rest debt is restructured as: GLBSE owes me, and I owe the company. If we fail to get the rest debts back I would be responsible for paying back to the company.
2) As far as we know it's not information delay. It's because the foundry sped up in the later stage (called "bullet" in their jargon) and the last 12 layers are way different.
3) It's for fail-tolerance. The second half of the chips stayed at the stage that has 14 layers left, to allow further modifications if the first batch of chips fail to work due to design or manufacturing flaws that are fixable without re-doing the whole mask.

Will shareholders receive an email confirming how many shares they have? This would be helpful. I want to make sure my shares are on record with you. Thanks for the update!