[ActiveMining] The Official Active Mining Discussion Thread - page 312.

ArcticWolf

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Quote from: Streets 2.0 on July 16, 2013, 06:54:17 AM

Has anyone heard from babefoot since he returned?

Other than this nothing as yet, but looking forward to the full report

Quote from: ?? on ??

Trip to Springfield - Quick Summary

I am going to give a very quick summary of my meeting with Ken. I am going to be busy tomorrow, so I will try to get a thorough report out in a few days. I also need to clarify a few things with Ken and let him review anything he might not want revealed at this time or at all.

Overall Impression - Good/Positive

Ken and I talked for a few hours. I told Ken a little bit about myself, but we mostly talked about his endeavors. He's got quite a bit of experience in all types of businesses and some good business philosophies to back it up. I have the impression that Ken is a driven, honest, and frugal person. I definitely did not sense any red flags at any time during our conversation. Ken drove me over to Springfield Underground and VMC headquarters. Here are the pictures I took. More details to come in a few days.

http://www.flickr.com/photos/98907028@N08/

Streets 2.0

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FRX: Ferocious Alpha

Has anyone heard from babefoot since he returned?

E.Sam

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Quote from: stslimited on July 16, 2013, 06:43:11 AM

Quote from: E.Sam on July 16, 2013, 06:35:16 AM

Quote

Date:
Time:
Exchange: (Bitfunder or BTC-TC)
Exchange User Name:
Number Of Shares:

BTC-TC Users Bitfunder User Name:

What is the difference between Exchange User Name and in my case Bitfunder User Name?
One is my nick and the other my real name?

thats for people that want to transfer their BTC-TC AMC-PT shares to Bitfunder, only

Ok, thanks for the info

stslimited

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Quote from: E.Sam on July 16, 2013, 06:35:16 AM

Quote

Date:
Time:
Exchange: (Bitfunder or BTC-TC)
Exchange User Name:
Number Of Shares:

BTC-TC Users Bitfunder User Name:

What is the difference between Exchange User Name and in my case Bitfunder User Name?
One is my nick and the other my real name?

thats for people that want to transfer their BTC-TC AMC-PT shares to Bitfunder, only

E.Sam

sr. member

Activity: 393

Merit: 250

Quote

Date:
Time:
Exchange: (Bitfunder or BTC-TC)
Exchange User Name:
Number Of Shares:

BTC-TC Users Bitfunder User Name:

What is the difference between Exchange User Name and in my case Bitfunder User Name?
One is my nick and the other my real name?

Streets 2.0

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Activity: 490

Merit: 101

FRX: Ferocious Alpha

Quote from: ArcticWolf on July 16, 2013, 06:19:45 AM

Quote from: Vbs on July 16, 2013, 06:11:23 AM

Quote from: Stuartuk on July 16, 2013, 05:49:29 AM

Quote from: cchan on July 15, 2013, 11:45:22 PM

Well, this may take so many weeks if dividends keep stable.
0.0025/0.0000183=136 Huh

100% return from dividends in the real world would take a lot lot longer than 136wks. This dividend offer is a guarantee that you will get your money back and it's intended to attract investors. When the company starts serious mining the dividend amount won't remain stable, it will shoot up (even with more shares being sold) so there is no way you would need to wait 136 weeks. At the same time your shares will increase in value above and beyond your initial investment.

This!

Considering the fact ActM will have ~6.377 TH/s somewhere in August, even at a total network hashrate of about 500 TH/s, that's around BTC1640/month, or 0.000164/share (with 10M sold, more if not), less expenses. That's almost 9x the last dividend.

And all this is WITHOUT sales revenue, so it will be even quicker

When you paint the entire picture for yourself, you then can see where all of this is going. The news alone of Ken receiving the chips is going to bounce the share price, then the news of him receiving the boards and begininng the clones will bounce the price further... sales of miners, bringing online of more hashing power in the future... you get the idea.

The market loves to go wild on just news and bringing online even small amounts of hashing power, ie. see basic-mining

ArcticWolf

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Quote from: Vbs on July 16, 2013, 06:11:23 AM

Quote from: Stuartuk on July 16, 2013, 05:49:29 AM

Quote from: cchan on July 15, 2013, 11:45:22 PM

Well, this may take so many weeks if dividends keep stable.
0.0025/0.0000183=136 Huh

100% return from dividends in the real world would take a lot lot longer than 136wks. This dividend offer is a guarantee that you will get your money back and it's intended to attract investors. When the company starts serious mining the dividend amount won't remain stable, it will shoot up (even with more shares being sold) so there is no way you would need to wait 136 weeks. At the same time your shares will increase in value above and beyond your initial investment.

This!

Considering the fact ActM will have ~6.377 TH/s somewhere in August, even at a total network hashrate of about 500 TH/s, that's around BTC1640/month, or 0.000164/share (with 10M sold, more if not), less expenses. That's almost 9x the last dividend.

And all this is WITHOUT sales revenue, so it will be even quicker

Vbs

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Merit: 500

Quote from: Stuartuk on July 16, 2013, 05:49:29 AM

Quote from: cchan on July 15, 2013, 11:45:22 PM

Well, this may take so many weeks if dividends keep stable.
0.0025/0.0000183=136 Huh

100% return from dividends in the real world would take a lot lot longer than 136wks. This dividend offer is a guarantee that you will get your money back and it's intended to attract investors. When the company starts serious mining the dividend amount won't remain stable, it will shoot up (even with more shares being sold) so there is no way you would need to wait 136 weeks. At the same time your shares will increase in value above and beyond your initial investment.

This!

Considering the fact ActM will have ~6.377 TH/s somewhere in August, even at a total network hashrate of about 500 TH/s, that's around BTC1640/month, or 0.000164/share (with 10M sold, more if not), less expenses. That's almost 9x the last dividend.

Stuartuk

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Activity: 266

Merit: 250

Quote from: cchan on July 15, 2013, 11:45:22 PM

Well, this may take so many weeks if dividends keep stable.
0.0025/0.0000183=136 Huh

100% return from dividends in the real world would take a lot lot longer than 136wks. This dividend offer is a guarantee that you will get your money back and it's intended to attract investors. When the company starts serious mining the dividend amount won't remain stable, it will shoot up (even with more shares being sold) so there is no way you would need to wait 136 weeks. At the same time your shares will increase in value above and beyond your initial investment.

Vbs

hero member

Activity: 504

Merit: 500

Quote from: FloatesMcgoates on July 15, 2013, 09:42:22 PM

Quote from: VolanicEruptor on July 15, 2013, 09:39:16 PM

Quote from: cchan on July 15, 2013, 09:37:16 PM

Quote from: kslaughter on July 08, 2013, 05:46:58 PM

The first BTC0.0025/share dividends will only be paid to the first 10,000,000 ActiveMining shares, providing public investors a priority in getting back 100% return of their investment.

What dose this mean? I'll be paid back after I buy shares from Bitfunder? Huh

You will receive dividends on a weekly basis until your total received is .0025 BTC. Ken won't pay himself before that.

I don't think this is 100% correct. When someone buys a share, they get the remainder of the .0025 that hasn't been paid when the stock was originally issued. As of now, there has been 1 dividend payment of 0.0000183, meaning an individual who buys a share now is entitled to 0.0024817 BTC before Ken pays himself.

Yes, that is correct, but it's only a tiny issue, as the value/share when that happens will be much much higher than the price today. Asicminer was already trading at BTC0.8 when they payed the remainder of their 0.1/share. The fact a company can do it values it much higher than the event in itself.

cchan

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Quote from: VolanicEruptor on July 15, 2013, 09:39:16 PM

Quote from: cchan on July 15, 2013, 09:37:16 PM

Quote from: kslaughter on July 08, 2013, 05:46:58 PM

The first BTC0.0025/share dividends will only be paid to the first 10,000,000 ActiveMining shares, providing public investors a priority in getting back 100% return of their investment.

What dose this mean? I'll be paid back after I buy shares from Bitfunder? Huh

You will receive dividends on a weekly basis until your total received is .0025 BTC. Ken won't pay himself before that.

Got it.

VolanicEruptor

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cchan i'd suggest not investing in this until you learn a few of the basics first..

cchan

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Merit: 250

Quote from: ArcticWolf on July 15, 2013, 11:27:12 PM

Quote from: cchan on July 15, 2013, 11:24:24 PM

Quote from: VolanicEruptor on July 15, 2013, 09:39:16 PM

Quote from: cchan on July 15, 2013, 09:37:16 PM

Quote from: kslaughter on July 08, 2013, 05:46:58 PM

The first BTC0.0025/share dividends will only be paid to the first 10,000,000 ActiveMining shares, providing public investors a priority in getting back 100% return of their investment.

What dose this mean? I'll be paid back after I buy shares from Bitfunder? Huh

You will receive dividends on a weekly basis until your total received is .0025 BTC. Ken won't pay himself before that.

What is total received, total shares or just 1 share?

He means 0.0025 per share

Well, this may take so many weeks if dividends keep stable.
0.0025/0.0000183=136 Huh

ArcticWolf

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Activity: 196

Merit: 100

Quote from: cchan on July 15, 2013, 11:24:24 PM

Quote from: VolanicEruptor on July 15, 2013, 09:39:16 PM

Quote from: cchan on July 15, 2013, 09:37:16 PM

Quote from: kslaughter on July 08, 2013, 05:46:58 PM

The first BTC0.0025/share dividends will only be paid to the first 10,000,000 ActiveMining shares, providing public investors a priority in getting back 100% return of their investment.

What dose this mean? I'll be paid back after I buy shares from Bitfunder? Huh

You will receive dividends on a weekly basis until your total received is .0025 BTC. Ken won't pay himself before that.

What is total received, total shares or just 1 share?

He means 0.0025 per share

cchan

sr. member

Activity: 379

Merit: 250

Quote from: VolanicEruptor on July 15, 2013, 09:39:16 PM

Quote from: cchan on July 15, 2013, 09:37:16 PM

Quote from: kslaughter on July 08, 2013, 05:46:58 PM

The first BTC0.0025/share dividends will only be paid to the first 10,000,000 ActiveMining shares, providing public investors a priority in getting back 100% return of their investment.

What dose this mean? I'll be paid back after I buy shares from Bitfunder? Huh

You will receive dividends on a weekly basis until your total received is .0025 BTC. Ken won't pay himself before that.

What is total received, total shares or just 1 share?

FloatesMcgoates

full member

Activity: 238

Merit: 100

Quote from: VolanicEruptor on July 15, 2013, 09:39:16 PM

Quote from: cchan on July 15, 2013, 09:37:16 PM

Quote from: kslaughter on July 08, 2013, 05:46:58 PM

The first BTC0.0025/share dividends will only be paid to the first 10,000,000 ActiveMining shares, providing public investors a priority in getting back 100% return of their investment.

What dose this mean? I'll be paid back after I buy shares from Bitfunder? Huh

You will receive dividends on a weekly basis until your total received is .0025 BTC. Ken won't pay himself before that.

I don't think this is 100% correct. When someone buys a share, they get the remainder of the .0025 that hasn't been paid when the stock was originally issued. As of now, there has been 1 dividend payment of 0.0000183, meaning an individual who buys a share now is entitled to 0.0024817 BTC before Ken pays himself.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: cchan on July 15, 2013, 09:37:16 PM

Quote from: kslaughter on July 08, 2013, 05:46:58 PM

The first BTC0.0025/share dividends will only be paid to the first 10,000,000 ActiveMining shares, providing public investors a priority in getting back 100% return of their investment.

What dose this mean? I'll be paid back after I buy shares from Bitfunder? Huh

You will receive dividends on a weekly basis until your total received is .0025 BTC. Ken won't pay himself before that.

cchan

sr. member

Activity: 379

Merit: 250

Quote from: kslaughter on July 08, 2013, 05:46:58 PM

The first BTC0.0025/share dividends will only be paid to the first 10,000,000 ActiveMining shares, providing public investors a priority in getting back 100% return of their investment.

What dose this mean? I'll be paid back after I buy shares from Bitfunder? Huh

kslaughter

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Activity: 476

Merit: 250

AMC Accounting For The Month Of June:

https://bitcointalksearch.org/topic/m.2737065

EskimoBob

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Quality Printing Services by Federal Reserve Bank

Quote from: kslaughter on July 15, 2013, 01:54:28 PM

Quote from: EskimoBob on July 15, 2013, 12:44:51 PM

(it belongs here, not in AM speculations)

It's 15! Day for the proper financial reports?
Waiting for P/L, CF and balance sheet

1) Statement of financial position: also referred to as a balance sheet, reports on a company's assets, liabilities, and ownership equity at a given point in time.
2) Statement of comprehensive income: reports on a company's income, expenses, and profits over a period of time. A profit and loss statement provides information on the operation of the enterprise. These include sales and the various expenses incurred during the processing state.
3) Statement of cash flows: reports on a company's cash flow activities, particularly its operating, investing and financing activities.

kslaughter, what time (UTC)?

Thanks for reminding me. Grin

Since AMC's description did not allow for any purchase of account software, we we just doing the very basic form of account. Also, since AMC is being merged into AMC (Belize) (Virtual shares ActiveMining) we will be issuing a full accounting statement on the winding down of AMC's business and its merger into ActiveMining on completion of the merger.

Use gnucash http://www.gnucash.org free and open source - costs 0 EUR.

Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 312. (Read 479499 times)