Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
arousedrhino
on 15/06/2014, 22:10:36 UTC
...The new round of dividends are scheduled to begin as soon as the first large purchases have concluded and should precede or coincide with the publication of the updated financial statements....

1) When can we expect the financial report that's supposed to coincide with the next round of dividends?
re 1) May 27.

Regarding the often quoted "aggressive dividends":
Let me take the blame here, because these are not friedcats words. Also I think there is massive confusion about what "aggressive" actually means. Thus let me remove any ambiguity by posting the text from the respective communication:

First of all, we would like to explain the situation we had in this May. The sales of chips mainly happened before May, while the ramp-up speed of chip sales slowed down mainly because of the lack of flexible whole-device solutions (having features of easy transportation, widely available components, etc) from our customers (device producers). As dedicated projects on improving the design of BE200-based devices we believe we will see much better sales because the room for hash rate growth is still huge and our cost in terms of $/G is highly competitive.

...

9) Can you please clarify this sentence from 21st April : "The dividend schedule will be aggressive, as AM will not require large sums of retained capital." < is this still actual, or meanwhile something changed?
It is still actual. The condition in May is not a part of the plan. When we were forecasted permissively about this summer's production power of the fab, we ordered as many wafers as we could to prevent the bottleneck with wafer production.

Eat your words.  Smiley

Please see my earlier post where I give my opinion on the supposed part of that question. I guess you can interpret it differently but I don't take that answer as a commitment to May dividends.
https://bitcointalk.org/index.php?topic=99497.msg7331031#msg7331031

Thanks for backing up your reasoning though. I can see how you can read that it should have been May 27th, but the way I read it as one or the other was due so he had an out if he gave dividends or a financial report and he did provide the financial report.