Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
freedomno1
on 19/06/2013, 21:37:04 UTC
And 2.5 Wall is 100% Done

Jutarul
Final Update

0 shares available.
2000 shares paid.

Thank you all for participating in this successful transfer of equity. I hope that AM shares will be a good match for your portfolio.
Jutarul is long sighted eh.. He knows they aren't worth that much

Ignorant statement.

Jutarul started that auction when the price was right around BTC2.5, and like any good businessperson, he sticks to the terms he agrees to. He bought (at least most of, likely all) his shares at the IPO (BTC0.1/share), and has said publicly that he set for himself how many shares he would sell when they hit certain price points, and/or at certain stages of ASICMINER's development.

He has done similar auctions at various price points, dating back to (at least) around the time ASICMINER first announced the successful testing of their chips, in mid-January, when shares really began changing hands again OTC. Some of us lucky (or smart) duckies picked up shares then for BTC0.5, and Jutarul recouped (I believe) more than his initial investment, while only unloading a small part of his holdings.

Jutarul has been a supporter of ASICMINER since the beginning, and as far as I know he remains one. I would be surprised if he wasn't still a board member, or even more involved than that. I am speculating in this paragraph based on my very limited knowledge of and contact with him, but I would wager that he still has shares ready to sell at other price points... like say BTC5 in the fall when the next gen chips are rolled out. That will likely be around the time ASICMINERs competitors finally start delivering their first gen products en mass.  Wink

I probably should just let this uninformed nonsense stand, since I am still buying more ASICMINER right now, but all this useless speculation to try to drive the passthrough prices down a few ticks is getting old.

Since I scared the market adds a cite note XD
I forgot to mention that he holds 8,000
https://bitcointalk.org/index.php?topic=213729.0
I am currently holding 10000 shares, which can be verified at https://blockchain.info/tx/3c07216fce4bd45d0c7d49eabe21a4c137691e481527d0f936b65e49bc7bb7cf by looking up my address: 1KbAD8KU1u6uw6nHSJEYpdZfgQbNbTAkH2

But didn't want to scare the market with walls of Godly ownage at mysterious price points if I had to mention useless speculation
When will he sell next zomg panic now hehe