Mabsark, you claim to have 'been here from the start' however your absence from posting for many months and obvious gaps in ActM knowledge show that your hasty return, while accompanied by strong opinion is more married to your desperation to recover your financial position from the significant losses you incurred in the Labcoin debacle.
Before you post any more comments regarding the schedule can I point you towards zumzero's timeline that he posted a couple of weeks ago? It's been analysed by the community and amended by fellow shareholders and uses the eAsic schedule you refer to, however, unlike your projections this version has it's foundations in factual information. This particular quote is taken from DTL's thread which is excellent and focusses on facts.
I've brought this timeline over from the
other thread as I think it may be useful to keep a copy here.
The dates in
bold are confirmed by announcements, while the others are projected from estimated timelines in the prospectus.
- 26th July [source] - Ken estimates two weeks for NRE to be paid (during visit to eASIC)
- 3rd August [source] - Ken returns from his trip to eASIC and the Engineering firm
- 4th August [source] - Ken posts to say he is busy working on eASIC deal
- (sometime before August 28th) [used for guesstimates below] - NRE Funds paid
- 28th August [source] - Ken confirms NRE funds were converted 'some time ago'
- 4th September [source] - eASIC issue press release
- 12th September [source] - Avalon refund confirmed as having been received
- 1st November [original guesstimate] - Chip samples delivered in 9 weeks;
- 30th October [source] - Ken announces gradual hashrate increase including 'other resources' [source]
- 25th November [original guesstimate] - Low-volume chip production starting in 12 weeks, using an e-beam process;
- 30th November [source] - Ken announces delays due to further R&D and unveils Intellihash(tm) technology
- 12th December [source] - Weekly announcement states "we are continuing to bring in all the parts for mass production of our miners"
- 18th December [source] - Weekly announcement states "working with eASIC and our engineers to get our chip and boards in full production"
- 24th December - 9th January [original guesstimate] - Normal volume chip production starting in 16-18 weeks.
* Note: As of
30th November, probable delays have been introduced into the timeline.
(I will be trying to keep this updated as more facts are revealed. In an effort to keep this thread tidy, please PM me with any suggestions.)
How many times do you need to be told that I didn't suffer significant losses from Labcoin? The fact that you need to even turn to such nonsense to defend ActM is ridiculous and reeks of desperation.
Based on Ken's timelines, I said months ago that samples would be November, low-volume production would be December and normal production would be February. Everyone else was saying that chips would arrive in October.
As you pointed out, on the 30th November Ken announced the delays due to the chip redesign. Clearly samples arrived in November just like I said they would. Low volume production was to be another 3 weeks after samples, that's December. Normal volume production was 4-6 week after that. Allowing for assembly and shipping and stuff like that, that put full production into February. That was before the delay, which until Ken says otherwise, everyone should assume will be 9 weeks as that's the time frame we have been given for sample chip production.
Add 9 weeks to 30th November and that's when you should expect new sample chips. If Ken wants to chime in and set me straight, then I'm sure we'd all welcome that. I'll take his silence on the subject as confirmation that I'm right though.