Quote from: minerpart on January 28, 2014, 05:22:06 PM

Quote from: Entropy-uc on January 28, 2014, 05:09:40 PM

Could you share how you come up with a value TODAY of $40M? Claiming future sales, or mining revenue that don't exist now, and may never exist doesn't cut it. For today's valuation the only thing you could do is estimate the cost to replicate what Ken has that might turn into those sales or revenue. And my calculations put that well under $1M.

I'd love to see some real numbers that you use to rationalize your valuation. I understand that it is difficult because Ken has failed to produce any credible financial statements, but I am curious about the bull case.

You don't understand the concept of share issues if you think future earnings are not priced in to security value. Future earnings might not cut it for you but for Wall Street they do. Maybe Wall Street are wrong?

Your calculation, apart from being based on a false premise, is a bit clear of the mark considering we have several million in liquid assests.

I could quote you some real numbers that valued Sony at zero in 2012. It was making an annual loss for four years. Did share price reflect that loss of earnings - yes. Did share price drop to reflect a value of negative 457Billion Yen? errr no.

Of course not. Sony had assets with real sale value in the market. That is called book value and it usually acts as a floor for stock prices. Shares do trade under 1.0x book value, especially in cases where a company has fallen behind their competition or management is not trusted. Since Ken has failed to produce any books it's very hard to estimate book value for this mess. But I took a reasonable stab at it, which gives you 0.00001 for your shares.

You seem to think the stock should trade today as if it is next year and Ken has succeeded in every aspect of your fantasy. He has a working 28 nm miner which has no competition so it's selling like hotcakes. Bitcoin is still extremely valuable, and Ken has built a 10 MW mining factory that has more than 1% of the network.

With all that, the stock might be worth 0.004. But where is the profit for the poor bastards that buy it today at your fantasy price? Where is their reward for taking the spectacular risk that any of those miraculous things don't occur and they lose money?

I was hoping for a rational discussion, but I see that it is still beyond the capacity of posters here.