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.
As i would also have like to be fully aware of their div payout agenda, i think professional investors that are used to semiconductors industry could have foreseen it from what FC said so far. it became clear that we are in a production and expanding phase. its pretty normal that cash should be restrain for completing that cycle in a healthy manner. but noobs investors (me first) were fooled by their own profit agenda and couldnt interpret the available comments duely, thinking divs first and at all cost. but i aint making the same mistake twice tho as it has cost me half of my investment for now.
still, i maintain that the company is healthy and the potential for surprising investors by the end of summer (in the good way) is huge.
edit:
if you think about it: IPO in june 2012 -> production by the end of 2012 -> sales and shipment by february 2013 -> first divs by april 2013 (right in the bubble) which increased dramatically by summer 2013 (and thus the company's valuation).
this cycle is done and restarted from scratch by november 2013. so here the new production phase started a little later than the previous one (3 to 4 months i'd say since tapeout was succesful by the end of march 2014 instead of november/december 2012). so divs should start over with that same 3 to 4 months delay, which is also quite amazing since they managed to scale up within the same timeframe.