Quote from: Xu on December 11, 2013, 01:41:58 AM

Quote from: jimmothy on December 11, 2013, 01:01:38 AM

Quote from: Vycid on December 11, 2013, 12:54:46 AM

Quote from: vortex1878 on December 10, 2013, 07:16:04 AM

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 Roll Eyes

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.

Nobody is questioning last year's performance, it was great. The question is how it will do in the future. Gen2 utterly failed. While I have great hope for Gen3, we have to factor in that it could just as easily fail as well. We won't know if it succeeds or fails for months, and in the meantime, wall we have to look forward to is dismal dividends and no provable progress. And of course we are all trusting some Chinese guy who won't even reveal his real name. So, yeah, there are some major risk factors.

Gen2 didn't "utterly fail" - they chose not to go ahead with that technology because the advantages weren't great enough. It was a strategic decision. If you really believe the chances of Gen3 failing are the same as (non-existent) Gen2 then you should sell, sell, sell.

Nobody moans about FC "not giving his real name" when the dividends are piling in do they Wink