Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 240. (Read 479475 times)

Quote from: mik3 on July 26, 2013, 03:41:43 PM

So should we buy these on bitfunder or btc-tc ? btc-tc is 0.006 while funder is 0.0045 why such discrepancy?

Bitfunder doesnt have as much liquidity, so it doesnt react as quickly to news

But there's no difference to the shares? I think I read somewhere that they will be combined into one later?

No, AMC will be Activemining, but the two different markets will still remain separate.

you will still own the same shares, yes, but they will stay on the market you bought them on.

*Edit: You must still submit your AMC-PT shares to ken BEFORE THE 31! for them to be converted into ActiveMining shares

AMC-PT on btc-tc became activemining, but if you have amc shares on bitfunder you have to tender them soon

SamuelSG

newbie

Activity: 58

Merit: 0

Quote from: ArcticWolf on July 26, 2013, 03:17:00 PM

Quote from: ArcticWolf on July 26, 2013, 03:17:00 PM

So should we buy these on bitfunder or btc-tc ? btc-tc is 0.006 while funder is 0.0045 why such discrepancy?

Bitfunder doesnt have as much liquidity, so it doesnt react as quickly to news

But there's no difference to the shares? I think I read somewhere that they will be combined into one later?

No, AMC will be Activemining, but the two different markets will still remain separate.

you will still own the same shares, yes, but they will stay on the market you bought them on.

*Edit: You must still submit your AMC-PT shares to ken BEFORE THE 31! for them to be converted into ActiveMining shares

mik3

full member

Activity: 245

Merit: 104

So should we buy these on bitfunder or btc-tc ? btc-tc is 0.006 while funder is 0.0045 why such discrepancy?

Bitfunder doesnt have as much liquidity, so it doesnt react as quickly to news

But there's no difference to the shares? I think I read somewhere that they will be combined into one later?

ArcticWolf

full member

Activity: 196

Merit: 100

Quote from: Vbs on July 26, 2013, 02:51:53 PM

So should we buy these on bitfunder or btc-tc ? btc-tc is 0.006 while funder is 0.0045 why such discrepancy?

Bitfunder doesnt have as much liquidity, so it doesnt react as quickly to news

mik3

full member

Activity: 245

Merit: 104

So should we buy these on bitfunder or btc-tc ? btc-tc is 0.006 while funder is 0.0045 why such discrepancy?

JMG

newbie

Activity: 47

Merit: 0

$ActiveMining on Bitfunder it says, "The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid."

But you know who just got paid, "AMC-TENDER" with total 5,593,805 shares.

Go to https://bitfunder.com/assetlist and look for 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqC. You know Mr. Slaughter asked shareholders to transfer their shares to "AMC-TENDER" in order to tender shares to $ActiveMining and that is why "AMC-TENDER" is holding 5,593,805 shares and got paid.

All mining hardware is still on AMC. ActiveMining has no mining hardware until AMC is liquidated. What happens is that the shares on that account receive dividends so they can be funneled to ActiveMining shareholders on a 1:1 basis.

The shares on that account are property of ActiveMining, so that it can get AMC mining dividends to pay ActiveMining shareholders.

I got it. I understand now.

$AMC: 2013-07-11 7,711,710 ฿0.00001830 ฿141.12429300
(5,851,192/7,711,710) * ฿141.12429300 = $ActiveMining: 2013-07-11 5,851,192 ฿0.00001830 ฿107.07681360

Thanks!

Stuartuk

sr. member

Activity: 266

Merit: 250

A legitimate concern JMG, I hope that answers your questions.

But maybe you should have asked the questions first before throwing accusations around?

Vbs

hero member

Activity: 504

Merit: 500

$ActiveMining on Bitfunder it says, "The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid."

But you know who just got paid, "AMC-TENDER" with total 5,593,805 shares.

Go to https://bitfunder.com/assetlist and look for 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqC. You know Mr. Slaughter asked shareholders to transfer their shares to "AMC-TENDER" in order to tender shares to $ActiveMining and that is why "AMC-TENDER" is holding 5,593,805 shares and got paid.

All mining hardware is still on AMC. ActiveMining has no mining hardware until AMC is liquidated. What happens is that the shares on that account receive dividends so they can be funneled to ActiveMining shareholders on a 1:1 basis.

The shares on that account are property of ActiveMining, so that it can get AMC mining dividends to pay ActiveMining shareholders.

ArcticWolf

full member

Activity: 196

Merit: 100

Quote from: knybe on July 26, 2013, 02:40:21 PM

Anyone noticed that $AMC at Bitfunder.com paid ฿0.00000517 per share to total 6,400,000 shares which 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqC, I assume it's "AMC-TENDER", is getting paid for total 5,593,805 shares (5,593,805 shares * 0.00000517 = 28.91997185 BTC)?

So I believe there is no such thing as "Public investor's protection plan"( AMC "owners" just got paid 28.91997185 BTC). I am pretty sure that Mr. Slaughter knows that himself got paid over 28 BTC past few weeks when he set up the dividend payment. It's obvious calculation.

Plus, according to the introduction that Mr. Slaughter wrote, public investors will hold 40% of AMC and AMC "owners"(which is wrong because technically investors are owners, too http://www.investopedia.com/terms/s/shareholder.asp) will hold 60%. But, it seems there are total of 5,941,329 shares on Bitfunder and 2,925,054 shares on BTC-TC which ONLY represent 37.15% (8,866,383/(8,866,383+15,000,000)) ownership while AMC "owners" holding 62.85% of Active Mining Corporation.

I do have years of experience in investing public companies but I think this is pretty suspicious. So be careful.
Just letting community know.

Thanks.

I find your post very confusing. On the point of public protection guarantee this exists, it's in the contract and dividends are and have been paid out and continue to be paid out to total of .0025 per share (IPO) price.

$ActiveMining on Bitfunder it says, "The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid."

But you know who just got paid, "AMC-TENDER" with total 5,593,805 shares.

Go to https://bitfunder.com/assetlist and look for 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqC. You know Mr. Slaughter asked shareholders to transfer their shares to "AMC-TENDER" in order to tender shares to $ActiveMining and that is why "AMC-TENDER" is holding 5,593,805 shares and got paid.

This is a known problem with bitfunder, in that you cant post dividends only to outstanding shares, you must post dividends to ALL shares. The address that currently receives the income from mining is available on btc-tc, you can check its history against the dividends that have been given out, if you really wanted to.

JMG

newbie

Activity: 47

Merit: 0

Anyone noticed that $AMC at Bitfunder.com paid ฿0.00000517 per share to total 6,400,000 shares which 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqC, I assume it's "AMC-TENDER", is getting paid for total 5,593,805 shares (5,593,805 shares * 0.00000517 = 28.91997185 BTC)?

So I believe there is no such thing as "Public investor's protection plan"( AMC "owners" just got paid 28.91997185 BTC). I am pretty sure that Mr. Slaughter knows that himself got paid over 28 BTC past few weeks when he set up the dividend payment. It's obvious calculation.

Plus, according to the introduction that Mr. Slaughter wrote, public investors will hold 40% of AMC and AMC "owners"(which is wrong because technically investors are owners, too http://www.investopedia.com/terms/s/shareholder.asp) will hold 60%. But, it seems there are total of 5,941,329 shares on Bitfunder and 2,925,054 shares on BTC-TC which ONLY represent 37.15% (8,866,383/(8,866,383+15,000,000)) ownership while AMC "owners" holding 62.85% of Active Mining Corporation.

I do have years of experience in investing public companies but I think this is pretty suspicious. So be careful.
Just letting community know.

Thanks.

I find your post very confusing. On the point of public protection guarantee this exists, it's in the contract and dividends are and have been paid out and continue to be paid out to total of .0025 per share (IPO) price.

$ActiveMining on Bitfunder it says, "The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid."

But you know who just got paid, "AMC-TENDER" with total 5,593,805 shares.

the address:

16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqC

that you refer to above, does not exist.

crawl off back to the trollbox from whence you came, foul young FUDster.

Sir, you can find the address in https://bitfunder.com/assetlist

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

Quote from: JMG on July 26, 2013, 02:29:22 PM

Anyone noticed that $AMC at Bitfunder.com paid ฿0.00000517 per share to total 6,400,000 shares which 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqC, I assume it's "AMC-TENDER", is getting paid for total 5,593,805 shares (5,593,805 shares * 0.00000517 = 28.91997185 BTC)?

So I believe there is no such thing as "Public investor's protection plan"( AMC "owners" just got paid 28.91997185 BTC). I am pretty sure that Mr. Slaughter knows that himself got paid over 28 BTC past few weeks when he set up the dividend payment. It's obvious calculation.

Plus, according to the introduction that Mr. Slaughter wrote, public investors will hold 40% of AMC and AMC "owners"(which is wrong because technically investors are owners, too http://www.investopedia.com/terms/s/shareholder.asp) will hold 60%. But, it seems there are total of 5,941,329 shares on Bitfunder and 2,925,054 shares on BTC-TC which ONLY represent 37.15% (8,866,383/(8,866,383+15,000,000)) ownership while AMC "owners" holding 62.85% of Active Mining Corporation.

I do have years of experience in investing public companies but I think this is pretty suspicious. So be careful.
Just letting community know.

Thanks.

I find your post very confusing. On the point of public protection guarantee this exists, it's in the contract and dividends are and have been paid out and continue to be paid out to total of .0025 per share (IPO) price.

$ActiveMining on Bitfunder it says, "The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid."

But you know who just got paid, "AMC-TENDER" with total 5,593,805 shares.

the address:

16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqC

that you refer to above, does not exist.

crawl off back to the trollbox from whence you came, foul young FUDster.

ffssixtynine

sr. member

Activity: 364

Merit: 250

I'm sorry but where can I find the part that says "Shares do not represent ownership"?

I believe this is the way the exchange's work. Take it up with Ukyo or Burnside. It's nothing to do with ActiveMining and everything to do with the unregulated world of Bitcoin. That's not a discussion for this thread. See the specific exchange and SEC threads.

You should quantify your risk.

JMG

newbie

Activity: 47

Merit: 0

Anyone noticed that $AMC at Bitfunder.com paid ฿0.00000517 per share to total 6,400,000 shares which 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqC, I assume it's "AMC-TENDER", is getting paid for total 5,593,805 shares (5,593,805 shares * 0.00000517 = 28.91997185 BTC)?

So I believe there is no such thing as "Public investor's protection plan"( AMC "owners" just got paid 28.91997185 BTC). I am pretty sure that Mr. Slaughter knows that himself got paid over 28 BTC past few weeks when he set up the dividend payment. It's obvious calculation.

Plus, according to the introduction that Mr. Slaughter wrote, public investors will hold 40% of AMC and AMC "owners"(which is wrong because technically investors are owners, too http://www.investopedia.com/terms/s/shareholder.asp) will hold 60%. But, it seems there are total of 5,941,329 shares on Bitfunder and 2,925,054 shares on BTC-TC which ONLY represent 37.15% (8,866,383/(8,866,383+15,000,000)) ownership while AMC "owners" holding 62.85% of Active Mining Corporation.

I do have years of experience in investing public companies but I think this is pretty suspicious. So be careful.
Just letting community know.

Thanks.

I find your post very confusing. On the point of public protection guarantee this exists, it's in the contract and dividends are and have been paid out and continue to be paid out to total of .0025 per share (IPO) price.

$ActiveMining on Bitfunder it says, "The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid."

But you know who just got paid, "AMC-TENDER" with total 5,593,805 shares.

Go to https://bitfunder.com/assetlist and look for 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqC. You know Mr. Slaughter asked shareholders to transfer their shares to "AMC-TENDER" in order to tender shares to $ActiveMining and that is why "AMC-TENDER" is holding 5,593,805 shares and got paid.

wonker

member

Activity: 103

Merit: 10

Quote from: Vbs on July 26, 2013, 02:12:31 PM

Anyone noticed that $AMC at Bitfunder.com paid ฿0.00000517 per share to total 6,400,000 shares which 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqC, I assume it's "AMC-TENDER", is getting paid for total 5,593,805 shares (5,593,805 shares * 0.00000517 = 28.91997185 BTC)?

So I believe there is no such thing as "Public investor's protection plan"( AMC "owners" just got paid 28.91997185 BTC). I am pretty sure that Mr. Slaughter knows that himself got paid over 28 BTC past few weeks when he set up the dividend payment. It's obvious calculation.

Plus, according to the introduction that Mr. Slaughter wrote, public investors will hold 40% of AMC and AMC "owners"(which is wrong because technically investors are owners, too http://www.investopedia.com/terms/s/shareholder.asp) will hold 60%. But, it seems there are total of 5,941,329 shares on Bitfunder and 2,925,054 shares on BTC-TC which ONLY represent 37.15% (8,866,383/(8,866,383+15,000,000)) ownership while AMC "owners" holding 62.85% of Active Mining Corporation.

I do have years of experience in investing public companies but I think this is pretty suspicious. So be careful.
Just letting community know.

Thanks.

Yawn... Only another 3 days old char with "hundreds of years of experience" to demonize Activemining with his first and only post... Wink

JMG

newbie

Activity: 47

Merit: 0

Anyone noticed that $AMC at Bitfunder.com paid ฿0.00000517 per share to total 6,400,000 shares which 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqC, I assume it's "AMC-TENDER", is getting paid for total 5,593,805 shares (5,593,805 shares * 0.00000517 = 28.91997185 BTC)?

So I believe there is no such thing as "Public investor's protection plan"( AMC "owners" just got paid 28.91997185 BTC).

Plus, according to the introduction that Mr. Slaughter wrote, public investors will hold 40% of AMC and AMC "owners"(which is wrong because technically investors are owners, too http://www.investopedia.com/terms/s/shareholder.asp) will hold 60%. But, it seems there are total of 5,941,329 shares on Bitfunder and 2,925,054 shares on BTC-TC which ONLY represent 37.15% (8,866,383/(8,866,383+15,000,000)) ownership while AMC "owners" holding 62.85% of Active Mining Corporation.

I do have years of experience in investing public companies but I think this is pretty suspicious. So be careful.
Just letting community know.

Thanks.

Dividends paid to ActiveMining come from 1:1 shares of AMC. So the number of AMC shares are always equal or grater than ActiveMining shares, since not all AMC shareholders have already tendered their shares to ActiveMining.

SHARES DO NOT REPRESENT OWNERSHIP!

That part is very clear everywhere you look on either BitFunder or ActiveMining's contract.

I'm sorry but where can I find the part that says "Shares do not represent ownership"?

But I know $AMC on Bitfunder says "they may do as they please with their shares. It is their company, their ownership, and their shares."

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...