Quote from: MichaelBliss on October 22, 2014, 03:10:13 PM

Quote from: julz on October 22, 2014, 06:17:05 AM

The problem with this stock for me is the following 'theory':

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It used to be that FriedCat needed to keep us happy; but now he doesn't - so it's possible we're all left with shares he feels no need to honour.
(And for which we have no practical legal avenues to pursue)

He needed us shareholders back when mining was well distributed and the average Joe was buying miners, because these shares were used as collateral for resellers, and also because many of the shareholders were end users. Reputation and sales would have suffered if he'd defaulted earlier.

Now he can sell in bulk to a few operators with large datacenters - and they will buy his chips/machines to profit - whether he's screwing over shareholders or not.
Even if those large operators pull back - he's probably now in a much better position to self-mine.
He just doesn't need to keep shareholders and thousands of end-user miners happy any more.
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If that's true - I'm one of the bagholders. Though many of you probably think that's implausible - I think the suspicion this is true is what's keeping the price down.
It's certainly why I'm not buying any more shares - no matter what pictures I see of progress.

Only dividends will dispel this fear for me.

One thing I'd like to point out: at the end of August I asked Friedcat if the franchise model is still on offer, and what my shares would be worth as collateral. The amount of equipment they were willing to put up for the same amount of shares has only increased, at that point, and I can't remember off the top of my head, but Friedcat absolutely does value the shares, since he is willing to ship thousands of $'s worth of equipment for them. My power costs and the margins are such that I couldn't do the franchise and make any real profit though.

But I think that's something to consider - Friedcat does value these shares!

Also, I didn't mean to suggest a buy-back - I also don't think that's within the rules for some reason, and not what I was suggesting. What I was suggesting was that everyone is sort of assuming that Friedcat wants the share price to go up, but there could be reasons why he doesn't. I remember A LONG TIME AGO, Friedcat posting something along the lines of not caring about the share price being so high or something along those lines. This was when the share price was much higher, and going up...

Did he respond to your request?
I asked, twice, if the franchising was still available - no reply.