Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Already priced in that ridiculously low shareprice. That's why prices go up.
0.3 BTC/share @ $1000 USD/BTC, with 400,000 shares:
0.3 * $1000 * 400,000 = $120M
Obviously this company is undervalued
At 2-20ph people have calculated that this would allow AM to reach 10% of the network hashrate or 1btc/share.
I know you are being sarcastic but $120m is still a low evaluation considering that last years profits were twice that.