Quote from: shadallion on July 05, 2013, 05:50:01 PM

CIPHERMINE is an up-n-comer with potential for big profits for people who pick up cheap shares early.

That's the truth of it - there is (or was) profit to be made buying at IPO and selling later regardless of how well it does long-term. Presumably most of those posting here are those who bought cheap (or cheapish - most did NOT buy cheap) and now want to talk people into being the ones they sell to.

My fund picked up 2000 of them at 0.6 each in the first batch - and has now sold them all for a decent profit. So I've no reason for (or interest in) talking the price up.

Those who believe it will make a good profit from its business if bought at the current price are almost certainly deluding themselves - they may, of course, be able to make a profit by selling it on to the next batch of purchasers. Mining's not a very profitable activity at the best of times - let alone when you have to overcome a massive price:value ratio (even aggressive reinvestment doesn't change that much - if you compound a small profit it remains relatively small). And has anyone at all worked out how a company with its identity known can run a dark-net exchange? Seems kind of missing the point somewhat - if you're known to be running it then you're just as open to enforcement issues as if it were run on the normal net.

It's great for getting publicity for LTC and the exchange - but that could all backfire if, in a year's time, people look back and see they've received only a tiny percentage of what they invested as dividends, the value of assets hasn't grown a lot and the price has fallen by far more than the dividends received. And that's what WILL happen once the feeding frenzy finishes.

I've madea nice profit for my investors from it. I could have made more - and may well be leaving a lot on the table. But there's no risk of me losing any of my profits when reality sets in - which is a risk the rest of you are happily (or blindly) accepting. Good luck to you all. I'm sure Kate will do her best - but the current price sets a very hard target for her to try to deliver on.

The sale of more shares is about the best thing possible for current investors BTW - just look at the capital/share now then look at what it will be if more shares are sold for a much higher price. This isn't some company that'd delivered amazing profits and is trying to sell shares cheap. It's a new IPO with a speculative bubble where the sale of new shares actually locks some real value in for current investors. If you believe she can deliver unheard-of (for mining) profits on current capital then why are you whining about something that will get you a lot more capital per share? Only reason to complain is if you KNOW the price is way too high and are worried it'll stop the price rising - in which case you're speculators/traders not investors and your opinion isn't important anyway (that's NOT a criticism - I'm a speculator/trader as well - but the company's concern is those who will end up with the shares more than those who are just trying for a short-term profit).