Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
My board contact says FC intends to flood market.
Let's see if he succeeds with last years power consumption chips.
So no div in June. Zero div for months now.
Without proper explanation this is a big fu to investors.
This will drive the AM stockprice down.
zero divs for 2 months exactly. and its not like if its common for companies to give divs every weeks. not even in bitcoinland. AM isnt a bottomless money pit. it needs time (& money) to refurbish it, which is exactly what FC is doing while expanding activity and scalling up (but it wont happen in a blink). all this new strategy has been planned and implemented for not even 6 months.. patience patience
Well this plan is ok. If only it was announced in advance with limited time offer to buyback the shares. Because I think this not what most of the shareholders expected.
But I still prefer this situation to the Bitcoin being regulated and plagued with fiat world restrictions.