If we're being honest, FC did a great job giving up the strongest position in ASIC mining BY FAR. I was moderately invested in AM, and made out well by noticing FC's major oversights before the market, en mass, did. There is no excuse for him being so far behind the market. But I digress.
FC's communication has been bad. He has long stints of saying nothing and good luck getting a PM back from him.
As for his business model. Well, that is exactly why the share value of AM dropped through the dirt. His model is erratic. He went from building miners to focusing on a really cool, but probably not very lucrative cooling solution. He had a massive lead on any competition and ended up throwing it all away. Don't get me wrong, I'd like to see FC enter the market again. He was a pioneer in this industry, so I'll give him props for that, but his business model went from "ZOMGAMAZINGCOMPANY" to "WTF IS HE THINKING!?!" and now back to "Maybe he can pull this off..."
i will not argue friedcat seemingly made a lot of mistakes and that the company could/should be much further along than it is (but where would that leave the global hash rate at this time then - 20, 30, 40, 50PH?). when I said Ken could do a lot worse than emulating friedcat i meant it. and by worse, he really is doing/has been doing exactly that. how some of these investors can act like Ken is the shit is mind boggling. minerpart downplayed friedcat's ability to deliver his published specs and upplayed (i know it's not a word but it works) Ken's ability to deliver his published specs. this is one of the reasons I would much rather read crumbs/ve/mainline/etc than those that seem to be able to bend space/time with just stating it is so.