Weekly Update 2/12/2014
On the 55nm project:
This week has had a number of developments, our project manager is working on wrapping up all the detail of our 55nm project. We are expecting to receive our first 55nm wafers on April 10th, with next batch due on April 29th, May 5th and May 8th for a total of ~104 wafers. It will take 1-2 weeks to have the chips packaged and then shipped to our board manufacturers.
So at minimum with no delays we are expecting the first chips in 10 weeks.
We will be selling and mining with these chips and boards, depending on what makes the most since at the time. The tape-out was done on Peoples ASIC account for a shuttle run of 50 prototype chips, we have canceled the shuttle run and changed to a full production run of the chips on VMC own account. Peoples ASIC IP has been signed over to VMC and the FAB has all the legal paper work to start VMC's production run of wafers.
I'm still wondering how much 'People's ASIC' cost us.
On the 28nm project:
We are getting quotes from a number of vendors including eASIC. After the project is started we expect it to be completed in 8 weeks, after which we will tape-out.
So we have nothing at all.
Nothing.
If eASIC is simply another vendor then please tell us what happened to the $900,000+ we paid them. It seems the new 28nm is an entirely new project.
On Crypto-Trade:
I am hoping to get shareholders shares transferred ASAP and get full trading up and running. We have received a letter from the Missouri Securities Division asking for information on Active Mining Corportation, at this point we have ask for more time to respond and have seeked legal advice.
Active-Mining PR
What deadline have the MSD given you?
Can you at least pay out our dividends. It's the last money any shareholder will ever get from this company.