Hi, I'm the whale.
No, I'm not a board member and I haven't been since April.
I was kind of concerned about having board membership earlier this year because if I did want to liquidate I didn't want to have some sort of insider trading bullshit pinned on me. Also I panic sold enough shares to lose board membership and regretted it later on.
Why was I liquidating?
- I wanted to prepare my bitcoins for the massive BTCUSD bubble which is coming pretty soon and started getting anxious when ASICMINER shares were slowly dropping
- Dividend sucked and I expected gigantic panic sells so I threw all my shares out there.
Why did I stop liquidating (for now)?
- Someone who I think has a pretty informed position in ASICMINER bought a lot of shares from me and so, screw it, if I'm going to lose 25% in a day I might as well stick it out with this guy
- Then I started getting a ton of PMs for buying shares at market price and realized I might want to wait before I sell too many more, as I was selling some shares way too low.
- All my offers were being filled by big players, which is usually when you know you're making shitty trades.
- friedcat has more things to announce, it's not like they planned ~6 months worth of stuff for nothing.
I'm not done selling obviously but I'm definitely done panicking.