It's called Activemining. If management wished to actively mine between now and November they presumably have the resources to do so. No the Avalon disaster is not the fault of management, what they've done(& not done) since is.
So wait, your contention is with their name? You're reaching pretty far here...
Again, we've known for a long time that eASIC chips had a significant lead time.
CORRECT. We've also known that ActM was going to fill this lengthy hashing void with a large chip order from Avalon that through no fault of ActM's will not happen. However it doesn't change the fact that there's no reason whatsoever to invest in this security at this time. As people recognize this fact and sell the share price drops.