Speculation in regards to recent increase in btc price (30%?) and using hardware to mine...
This could be a huge boost in hardware sales, enabling us to sell as much hardware as possible in fiat (since we need that anyway to pay foundry, plus must price in fiat in china anyway) and then use extra chips to mine with. This will lower the cost of exchanging fiat --> btc & btc --> fiat since FC would only have to exchange the difference needed for bills/divs. Fiat could possibly pay power bills on mine, possibly leaving all mined btc for divs.
Also, in regards to:
What blows my mind is the fact he will not address the investors directly... No one is that busy that they can not take 5 minutes and post some info to the people who funded his company.
I could have sworn I read somewhere that FC will be addressing us directly with some information in an upcoming update but I can't seem to find it in all this commotion.
Maybe you mean this:
Gentlemen,
don't get carried away by speculating on the quality of communication by friedcat. As pointed out multiple times, due to the nature of the operation there is little incentive to do extensive IR, other than the necessary accounting and communication through shareholder representatives (board). Instead the focus is on the core business. Friedcat decided to not pass the statements by the board first, but instead releasing them to the public directly.
Not 100% sure this is in regards to the 20 questions forwarded to him.
Yep that's what I read, and obviously I misread that as that relates to the financial reports and not the 20 questions.. My bad. Would have been nice to hear these answers directly from FC
I highly doubt FC cares too much about this thread at this point... between the cry babies throwing a fit about divs, the incredible about of FUD, and people outright slandering him is flat out disgusting. I can barely stand to be on this fucking thread with all of the idiocy flying around. Someone credible (Jutarul, minerpumpkin, etc...) should start a moderated thread where anything off-topic or non-serious is deleted. I'm not against hearing negative news, but I am against Spondoolies fanboys cluttering up this thread arguing with AM fanboys over who is better.