Brief Answers to Shareholder Questions4) When will dividends start, and how frequently will they occur?
When the cash-flow becomes positive. After we decide to put significant quantity of chips on ASICMiner owned farms it should be per week. Before that, per month.
Any updates into where these dates now stand?
I don't know if a lot has changed since then. But is it question-time again?
divs wont come out before all 3 batch are produced and sold. @lastupdate 2 weeks ago, FC was beginning to sell batch2 (60PH). cant say wether he launched 3rd batch or how far did he sold batch 2. remember he said they had some delays in selling chips because of clients not having sufficient ressources and was waiting to see how it would be all sort out before considering launching batch 3.
some update about this would be appreciated although i doubt it because it only has been 2 weeks since the last one.. maybe in a month or so we will have some bone to chew on.
If I remember correctly, FC was asked how long he anticipates the current batch (#2) to be sold out entirely. One month to 1.5 months was quoted, so if that holds true we shouldn't be seeing batch #3 hit the market for sale until at least start of July. Assuming another 30-45 days for batch #3 to sell and I believe we have early to middle of August before we have income to distribute.
Is anyone else reading the tea leaves differently?