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?
You guys sound pissed, but let's think about this. Mining is an arms race, so you can only sell these chips for so long before the demand is gone and with another company. We can see that demand is currently there based on the multiple companies who are using AM Gen3 chips. We need to push these batches out as fast as possible, then reap rewards later.
Presumably some of the costs of the first batch will not be there with the second and third - CAD Design and device samples stick out, but obviously I do not know the inner workings that well so I may be mistaken on this.
It would also seem that a lot of the costs will be upfront with the first batch and that it should be cheaper to make batches 2 and 3.
Just my thoughts - not looking for an argument, just a discussion.
IIRC, it was implied that production costs were in hand from previous sales, hence the
dividends. Lost in translation, or simply a change of plans? Either way it has not been directly addressed. This is nothing new or panic worthy, but an explanation would still be welcome. May the aggression begin in the coming weeks as sales increase and mining ramps up!