Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
bitcoin.newsfeed
on 30/05/2014, 19:33:57 UTC
Quote
so he just paid all income from batch 1 for producing batch 2, and all income from batch 2 will be used for producing batch 3 etc?

Looks like that's the plan. How else would FC pay for those massive batches?

Seems people are not happy that this months divs went towards next months production costs.
You don't say...

I don't think they went...

Something is wrong, look(only 1 month ago) :

This is to inform that friedcat met with the board today and provided some updates.

General Update
==============
The dividend schedule will be aggressive, as AM will not require large sums of retained capital. The rationale is that AM doesn't need to invest large sums into infrastructure and that the majority of chip production costs will be covered by the business partners on a contract schedule. The new round of dividends are scheduled to begin as soon as the first large purchases have concluded and should precede or coincide with the publication of the updated financial statements.