Just got back from renting 2600 square feet for our combined mining and manufacturing facility. I already have "Team AMC" at BTCGuild. I will check out which pools to use.
I think that's it's safe to say that this is and never was a pump and dump
Congratz on pulling through all the shit, ken. Glad I got in when I did.
Yep. Each share will soon leap from owning the earnings from 0 GH/s to a stunning 5 kH/s (not typo there, that is kilohashes). You could do better mining with your cell phone.
Meanwhile Ken is using your money to rent space to be used for VMC's manufacturing operations. It still boggles my mind that the sheep buying this don't recognize that VMC is getting all the value from your investment because it will own the IP to all the equipment development paid for with AMC's revenues.
No, As I said before AMC owns all of the IP and gets paid about twice the normal royalty when VMC uses it. I am providing the funds for VMC's manufacturing operations. AMC is only providing the funds agreed to in its contract with VMC, which is posted at bitfunder.com.
http://en.wikipedia.org/wiki/Manufacturing_costGreat. Please post the relevant contracts. A block of text in a FAQ page on bitfunder isn't legally binding on anyone.
The contract which is signed a sealed by VMC and AMC is posted in the images on bitfunder.com. You should try looking around and reading all of documents before you start trolling here.
That 'contract' lacks
- Any discussion of intellectual properties rights, or royalties completely contradicting your claims on here
- provides zero definition of 'cost' other than a retail cost in the appendix which is double the price of the Avalon chips
- discusses a 3rd party entity which isn't identified as to location, ownership or role 'SplendidCRM'
- is signed on behalf of both parties by yourself, likely making the entire document invalid due to the lack of arms length separation between the parties.
Specifies Wake County, North Carolina as the venue for any disputes. Strange choice for a Delaware corporation doing business with a Vanatu (or is is Seychelles this week?) corporation supposedly run by a resident of Missouri.
Royalties are spelled out.
The contract specifies this:
AMC will receive license fees in the form of Bitcoin mining machines at cost and royalties from VMC for it's technology.
The following will be ordered from VMC if funds are available and the units are developed. AMC will have the first right of refusal on the below units developed by VMC and any future
developed units. Additional units will be provided at lowest retail value minus the 10% royalty fee.
** Fast-Hash-XXX is a trademark of VMC developed Bitcoin Mining Machines. AMC will receive the above machines at manufacturers cost. AMC will also receive a 10% royalty from VMC on all other VMC sales using AMC's technologies.
Here is the definition of 'Manufactures Cost'
http://en.wikipedia.org/wiki/Manufacturing_cost3rd party entity 'SplendidCRM': Just a typo in the contract.
Can you quote some case law on '...entire document invalid due to...'. I kinda doubt it.
