I play online poker and there have been much more drawn out and much more elaborate scams when big amounts of money are at play. While your rationale is logical there's not much weight to it in this case as there is $1M+ at play. In the end only time will tell how AMC will pan out so we're all just speculating as to whether this is legit or not or if it will succeed.
Why even entertain such nonsense?
The more you focus on negative outcomes, as so many people have seemed to flip to in here today, the more momentum you give the negative outcome.
Because it's a well known confidence trick - the long con - and this is a wonderful area and time to pull it off. Ken could walk away with a million bucks. That's a pretty good haul!
If you aren't keeping it in mind then frankly you shouldn't be investing. There is a real chance this could be a con, although I sincerely hope not! Asicminer could have been too. It wasn't
Others have been. If I was playing the long con, I'd have done what ken did today (possibly bigger). That's why it looks bad from that point of view.
Any negatives today have come from an ipo mistake, not from people stirring.
I do find it funny that some people can be so blinkered one way or the other. I'm not for or against anything. This is a high risk investment and I'll do the necessary to mitigate my risks. That's what all the investors should be doing. And if you didn't invest, don't post here unless you are considering it.
If you invested, get those blinkers off. Whether you know it or not, you need these answers. It's your money given to some random dude on the Internet who doesn't have an unblemished record. Mitigate your risks by knowing the facts, and if they aren't forthcoming then you know something is wrong.
VE: I've not checked in the last hour or so but I think ken has done what he said.
I guess I could do that, but I am not going to, because what I want is for this to be successful, and walking away with the bucks would not make me feel like I was successful. It would make me feel the opposite. My main driving ambition is for this company to be very successful, not the money I will make from it; however, we do keep score by the amount of money the company makes and everyone else. I am working very hard to make it successful. I could have taken the easy route and plugged in the Avalon's and made ~$1,000 dollars a day and had plenty of money. No, I decided to use my years of experience in business (I have been in business since I was 18) to create a company if we are lucky that could be the "World Leader In Manufacturing Bitcoin Machines And Mining Of Bitcoins". I am not looking for a lots of money, I am looking to be successful, to make my customers successful, and to make my investors successful that is my driving goal. "If you make your customers successful, then you will be successful".
Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation