Quote from: Cozzie on May 20, 2013, 01:54:08 AM

Quote from: friedcat on May 17, 2013, 01:47:07 AM

About the argument of dividend payments, our view is that we will distribute the net income after necessary costs are excluded and funds for foreseeable future (expansion, gen-2 chips) are reserved. Bitcoin is already an investment itself having a great potential. Any investment, no matter how profitable, based on "turning Bitcoins to fiat first" requires double consideration. We can invest the RMBs to bonds and they are almost bound to be more profitable than just holding the RMBs, but we can never say the same to Bitcoins.

Would someone reword/explain to me what did he mean? I am slightly lost at the issue and his explanation.

It means AM are long on Bitcoin. Whatever BTC they can't reinvest themselves they will return to shareholders as dividends. They see any other course of action as lowering returns.

If shareholders want to go long as well they can reinvest dividends. If they want hedging or diversification they can do that too. AM won't tell you what to do.