Hey CreativeX,
Thanks for the awesome tinkering and the notification.
But, if your update is to try to recover the glorious share price once BM had, i will have to doubt the effect.
If you take our share price as 0.5 and Cognitive's share price as 0.48.
According to the weekly dividend paid, I have found both securities are paying around 0.000702 dividend per bitcoin invested at the current share price.
What I am trying to say is that, our stock price is not significantly undervalued, comparing to similar companies in the same industry.
The free market has done its job.
What really needs to be done to pull up the share price is to make good use of the 1100+BTC, rather than advertising our huge reserve for months without purchasing anything.
Nowadays the price of ASIC machines have been dropping significantly, a 80GH Avalon can be bought at as low as 90btc. (which was around 130btc two weeks ago)
Therefore our reserve can buy us as much as 1TH/s hashrate. (which doubles what we have right now!)
If you really want the company's value to grow, I think this is the way to go.
Thanks for the awesome tinkering and the notification.
But, if your update is to try to recover the glorious share price once BM had, i will have to doubt the effect.
If you take our share price as 0.5 and Cognitive's share price as 0.48.
According to the weekly dividend paid, I have found both securities are paying around 0.000702 dividend per bitcoin invested at the current share price.
What I am trying to say is that, our stock price is not significantly undervalued, comparing to similar companies in the same industry.
The free market has done its job.
What really needs to be done to pull up the share price is to make good use of the 1100+BTC, rather than advertising our huge reserve for months without purchasing anything.
Nowadays the price of ASIC machines have been dropping significantly, a 80GH Avalon can be bought at as low as 90btc. (which was around 130btc two weeks ago)
Therefore our reserve can buy us as much as 1TH/s hashrate. (which doubles what we have right now!)
If you really want the company's value to grow, I think this is the way to go.
This notification was much better than the previous ones. My opinion is that the glorious share price had to be taken care of days or weeks ago. The share price would have eventually gone down with all the events we went through (SEC fear, ActiveMining, all this mess with the introduction of Coinlab), but maybe not like this (I may be wrong). The focus was (and still is) elsewhere, diluated like the price of the share. I totally agree with KC: good use of the 1100+BTC & going forward in the pursuit of new hardware is the only way to stay alive.
Good luck
