Quote from: furuknap on May 02, 2013, 07:23:17 PM

Quote from: talnted on May 02, 2013, 06:57:52 PM

How much more information do you need to determine risk and what you would be willing to pay for an equity share? You know how much hashing power there has, you know the bitcoin address that receives the bitcoins from the pool, you can see how much is received thus generally derive how much profit there is once a reasonable cost is established (look at past dividend payments). Friedcat does a great job giving us estimates as to when deployment will happen (it appears much is unknown to him as well). He does an excellent job communicating and upholding his own deadlines. He has explained deployment stages, and always revisits them to give an update. Deployment is not a perfectly predictable thing as he has run into issues in the past. He explains when auctions will happen, and has just updated that USB sticks are going to begin being massed produced. He explains when costs are incurred from week to week as well

This ASICMINER project is unbelievably transparent in my opinoin. What else are you seriously looking for?

If you feel like all this information is not sufficient do not buy the shares if you feel the risk is too great. Dont buy shares and then come here and beg for Friedcat to specifically lay out in excruciating detail what will happen every single day for the upcoming weeks.

Again, strawmen and slippery slopes usually don't make for good arguments. I believe at least my request was very clear; I explicitly do not want to know what friedcat has for dinner every day.

I would love to know

1. What are the two-three month perspective on hashrate, earnings, and profitability
2. What are the funding requirements to reach those goals and how will that funding take place?
3. What is the current financial situation of the company (ie assets, liabilities, running costs, currency denominations, and so on)
4. What is the policy on managing capital (ie is it exchanged every week, do they set aside capital for unforeseen expenses, etc)

Nobody is asking for any excruciating detail, least of all on a daily basis. I'd be fine with far less frequent updates that we're already getting.

In fact, if it boils down to it, I really want to know just one thing, once a month: Is the operation going according to your plans? If the answer is yes, fine, if the answer is no, I would like to know that there is a plan to mitigate the issues. I don't even care what those plans are, I trust them to know far more about what to do than I could know. They can prove the plan's success by answering "Yes" to the same question next month or two months down the line if that's how long it takes to resolve whatever issues there are.

.b

My last post was actually in response to another post.. so strawment and slippery slopes doesnt make sense here.

As for the information you want, great, who wouldnt want to know all of those fine details?

I will be satisfied as long as you realize NONE of this information is OWED to you. There is no debt. As long as you realize all these shares represent is equity in this project, than great.

BitFountain in the company. Friedcat raised money for this project.. called ASICMINER. He repaid that money fully. Those shares still retained equity in the company after they were repaid in full. The profit from this project is paid out in dividends to those shares of equity.

This asset is really simple people. Its not the same as a common share of a publicly traded company.