Quote from: gogxmagog on July 24, 2014, 04:05:39 AM

Quote from: mem on July 24, 2014, 03:20:14 AM

Quote from: Kipsy89 on July 22, 2014, 08:30:54 PM

Quote from: RoadStress on July 22, 2014, 06:55:47 PM

That train has sailed as AM doesn't have the money and the deployment capabilities to deploy a big scale self mining operation. FC could do it right as soon as he had chips in hand, but he didn't do it.

Exactly! Since deploying large amounts of machines is a difficult endeavor, he chose to sell the chips. Unfortunately they didn't perform as well as expected. So now when he's looking for ways to deploy hashrate he has nothing prepared. Man, he was just unlucky.
By the way, what does your name mean. It sounds like you're on the road all day long and when you get home you are completely stressed out!

friedcat was already unable to deploy chips after he maxed out his DC in china with Gen 1.
The fabled immersive DC was built and never used.
The mining franchises honestly struck me as a way for AM to bootstrap their own new companies (free of shareholders) while using company funds to get it done (chips being sold at cost made me consider this even more).
Gen 2 was a wash, Gen 3 was sold at cost frankly I dont see gen 4 doing anything other than failing or being sold at cost again to shell companies.

I dont see AM climbing out from under the thumb of Bitfury+GHash.io who seem to keep an insane amount of hashing power in reserve so they can squash all profitibility of any other mining company by switching them on as the other companies (ie AM) deploy.

mems 2c

the fear that this is the situation has been lurking in my mind for some time now. i truly hope it is not really what is going on.

come on Friedcat, give us something. the silence is breeding paranoia in here.

We shouldn't jump into conclusions, and analyze the facts we have so far:
1) There are at least half dozen companies on board, including Allied Control, having an exclusive partnership with AsicMiner.
Even IF they are buying Gen3 chips at cost at this stage (this is based on rumors, officially Friedcat mentioned that this wasn't the case), it is the business relationship that matters.
In the long term, it will be a winning strategy if we get the loyalty of the manufacturers.
And IF the mining farms of these companies are actually AM mining franchises, then selling chips at cost is not really something to concern about, since the revenue wouldn't come from the sales of chips, but from the mining.
2) BitFountain still owns a majority of the shares of AM.
3) Being discovered in shady maneuvers would undermine severely the hard earned reputation that Friedcat has painstakingly built, trust is the most important capital, more valuable than money.
IF Friedcat is really a wise long term thinker, will know that he has more to gain from honest deals than using subterfuges that would endanger his present business relationships and future ventures.
By doing things right, still can make a shitton of money with his existing AM stakes.

That's the most likely interpretation based on what we have so far.

Would greed push Friedcat to have higher gains in the short-term endangering a legitimate business model mortgaging his future growth by creating shell companies to funnel profits away from original shareholders, when you have all the right pieces to be a leading player in the market by just playing by the rules? It is not really worth it.
All the negative hypotheses don't seem to take into account these facts, and are only fueled by fear and uncertainty.
If we must use Occam's razor, we should conclude that Friedcat is here for the long game, and had to pivot several times to adapt to stay competitive in the current context.
The negative scenario proposed by mem is a unnecessary over-complication to explain the current situation, unless there is a hard evidence that would support any of the accusations.

Friedcat's silence is not a valid admissible evidence.

Having said that, I am freaking scared about the potential negative scenario, but just one round of dividends would be enough to make the share prices to jump back at 1+ btc/share... depending on how big is the dividend per share, of course.