Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
KarmaShark
on 11/11/2014, 17:16:04 UTC
Why is no one talking about the insane amount of AM1 that traded yesterday?


more than 1500 shares imported and dumped instantly into 1100 bids so 400 more



The massive dump yesterday was mentioned, you would have had to take the time to look at the previous page. Why isn't there more chatter about 0.25%+ of the company being dumped in one shot on razor thin volume one month before AM is due to receive their only shot at relevance in Gen4 chips? Likely due to the fact the company is having serious challenges in running smooth operations, from Prisma mismanagement to disregard for shareholder and customer communication to the unsuccessful AMhash IPO's.


Bottom line is people have lost faith after a full year of failures and lack of transparency. Many who still do believe in the company, myself included, are also likely to be taking a break from the AM drama as they now know there is nothing worth discussing until the end of the year when testing of the Gen4 chips is due. To say that Gen4 is make or break or that Dec 16th to Jan 1st, 2015 is going to determine ASIC MINER and their shareholders fate, is an understatement. Should ASIC MINER continue to make mistakes the free market will rid itself of them and make way for more productive, competent companies. There are clear signs that FriedCat and company are now finally taking this threat to their existence in the mining industry seriously, by hiring a PR person and bringing in experts to delegate responsibilities so that the inner core of the company can be relieved to handle higher level work.


Hopefully they have not waited too long and any damage done can be repaired going into 2015. I do not expect many more dumps like this, there are only so many bids on the order book and only so many shares that can be dumped for increasingly smaller fiat dollar amounts.