Quote from: houseofchill on September 14, 2013, 02:57:49 PM

Quote from: ex-trader on September 14, 2013, 01:56:55 PM

The interesting possible counter to all this is that Friedcat and the Board should consider the following:

- Change dividend policy to monthly (or even quarterly)
- Change update policy to the same frequency

The reality is that since AM is a privately-controlled company with a minority listed on exchanges and it is not seeking to raise money since it's very profitable, it has no reason to be wasting it's time dealing with the absurd frequency of updates and dividends demanded in the Bitcoin World. That way it could officially just concentrate on running the business.

As I've said before, I'm involved in a few big private companies as a Director, Investor or both. Not one of them provides either a shareholder update or a dividend more frequently than quarterly.

I agree. I'm down money on AM but I buy more when I can. There will be a leader that emerges from bitcoin miners. When bitcoin breaks the dollar's back what will happen to leveraged multinational corporations? Bitcoin will be the financial and consolidation center of the world. That's my gamble with AM. As long as things are on schedule I vote for friedcat to focus on the business.

Even I get sick of looking too often at prices. The other players and BFL and Avalon made things look easy but they weren't easy. Just look at Coinlab.

It's not uncommon for a VC to step in and request updates from a startup when numbers are looking down. Or step in and take control. That being said, since nobody here has controlling shares and the stock is just a "virtual entity", it would have to be a desire to be courteous or the will of friedcat for an update to be provided. Though I still hold this model to be questionable, there is no recourse to force or reason to provide an update except as a courtesy. A thing that is evidently not a priority at this point.