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Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 13. (Read 223316 times)

member
Activity: 81
Merit: 10
I'm sorry if this was already asked, but what happens with my AMC shares on BTCT.CO? Will they automatically be replaced with AM Shares? How do I switch?

Thanks
Vbs
hero member
Activity: 504
Merit: 500
Remember that ActiveMining receives its dividends through the AMC shares it holds by tendering, so summing both is wrong.
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
Why are the divs so high?  On Bitfunder, AMC + ActiveMining divs = 248BTC

Where did you get 248 BTC, or 35BTC a day?  With 6 avalons, no way.

Bitfunder has 5 875 446 shares outstanding and btctc has 491 743.

This is 6367189*0.00001830=116,5195587
Where did you get  248BTC ?


Correction: AMC 7686710*0.00001830= is still out there... interesting.
I was sure those shares are merged/replaced by ActiveMining
member
Activity: 105
Merit: 11
Why are the divs so high?  On Bitfunder, AMC + ActiveMining divs = 248BTC

Where did you get 248 BTC, or 35BTC a day?  With 6 avalons, no way.
hero member
Activity: 662
Merit: 545
Easier?  Maybe.  Bigger? No.

I'm just trying to figure out what exactly we are doing that might run afoul of regulation.  Is it because it's a non-publicly registered company in the US selling shares on a virtual exchange?

I like the changes that have been made and am seriously considering a significant (for me) investment in the newly configured company.  I'm just trying to gauge the risk that the rug might be pulled out from under the asset.  Not being familiar with the rules has me at a serious disadvantage.

This is some good news.  Definitely doesn't make it completely legal but a great step forward. 

https://wefunder.com/post/36-the-sec-just-voted-to-lift-the-ban-on-general-solicitation
full member
Activity: 196
Merit: 100
Easier?  Maybe.  Bigger? No.

I'm just trying to figure out what exactly we are doing that might run afoul of regulation.  Is it because it's a non-publicly registered company in the US selling shares on a virtual exchange?

I like the changes that have been made and am seriously considering a significant (for me) investment in the newly configured company.  I'm just trying to gauge the risk that the rug might be pulled out from under the asset.  Not being familiar with the rules has me at a serious disadvantage.
I think VMC (the only physical part of the company) is incorporated in Delaware
legendary
Activity: 994
Merit: 1000
Easier?  Maybe.  Bigger? No.

I'm just trying to figure out what exactly we are doing that might run afoul of regulation.  Is it because it's a non-publicly registered company in the US selling shares on a virtual exchange?

I like the changes that have been made and am seriously considering a significant (for me) investment in the newly configured company.  I'm just trying to gauge the risk that the rug might be pulled out from under the asset.  Not being familiar with the rules has me at a serious disadvantage.
Vbs
hero member
Activity: 504
Merit: 500
I'm honestly not trying to spread FUD, but what are peoples thoughts on the likely-hood of intervention by U.S. authorities?  I'm hesitant to re-invest as it seems that by incorporating in Belize and keeping a London address that Ken has been making very thin attempts at avoiding unwanted scrutiny.  I just don't think those measures will actually work.

What 'rules' are not being followed to prompt such precautions?

I'd say 99% of the assets out there are even thinner, so there are easier fish to go after. Shares do not represent ownership, but rights to profits, everyone agreed on that before buying. Even btct.co describes itself as a virtual game.

Active Mining Corporation is incorporated in Belize, just like btct.co.
legendary
Activity: 994
Merit: 1000
I'm honestly not trying to spread FUD, but what are peoples thoughts on the likely-hood of intervention by U.S. authorities?  I'm hesitant to re-invest as it seems that by incorporating in Belize and keeping a London address that Ken has been making very thin attempts at avoiding unwanted scrutiny.  I just don't think those measures will actually work.

What 'rules' are not being followed to prompt such precautions?
sr. member
Activity: 350
Merit: 250
The 3 avalons came in and also it looks like the dividends are being paid out correctly now. Only sold shares held by investors are being paid. I am glad this issue was resolved. I am pretty happy with the dividends paid.
full member
Activity: 196
Merit: 100
AMC Dividends Paid 0.00001830/share
woah... AM divs quintupled my  ASICMINER divs. I am thoroughly impressed or happy. Could this be a mistake? It was 1/5th of the returns i was getting from ASICMINER, now its 5 times that of ASICMINER. Do i dare ask how?
3 Avalon machines came online just before div last week I think - however I may be wrong
full member
Activity: 238
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
AMC Dividends Paid 0.00001830/share
woah... AM divs quintupled my  ASICMINER divs. I am thoroughly impressed or happy. Could this be a mistake? It was 1/5th of the returns i was getting from ASICMINER, now its 5 times that of ASICMINER. Do i dare ask how?
sr. member
Activity: 476
Merit: 250
AMC Dividends Paid 0.00001830/share
newbie
Activity: 31
Merit: 0
Why such huge price difference between bitfunder & btct ?

AMC-PT on btct only started about two weeks ago and had an initial price of .0025, while on bitfunder the initial IPO price was .0005 in may, for the first 5M shares, since there was no hardware online at that time.

There are a lot of ppl on BF wanting to just flip their shares for a quick profit. I have a feeling they'll regret that very quickly! Grin

Agreed.  The vast majority of shares exist on Bitfunder.
Vbs
hero member
Activity: 504
Merit: 500
Why such huge price difference between bitfunder & btct ?

AMC-PT on btct only started about two weeks ago and had an initial price of .0025, while on bitfunder the initial IPO price was .0005 in may, for the first 5M shares, since there was no hardware online at that time.

There are a lot of ppl on BF wanting to just flip their shares for a quick profit. I have a feeling they'll regret that very quickly! Grin
hero member
Activity: 560
Merit: 500
Why such huge price difference between bitfunder & btct ?
full member
Activity: 158
Merit: 100
Is it possible to have my AMC shares on Bitfunder, tendered an converted into AMC-PT on BTC-TC. I bought these shares 3 weeks ago.
member
Activity: 119
Merit: 10
anyone knows European time? I am trying to find CDT, but google showed me few confusing information, so I am pretty unsure. Probably I am only EU holder? Cheesy
No you're not.

For all time conversions, I usually use wolframalpha. Try it : http://www.wolframalpha.com/input/?i=1PM%20CDT

thanx a lot, 8PM of Eastern European time, I will try to get online tonight then
I'm pretty sure the deadline was yesterday. That's why he said that all those transactions should already be processed.
hero member
Activity: 656
Merit: 500
Everyone should be transferred through the dividends cutoff time of 1PM CDT.  If you are transfering on
Bitfunder or if you are on BTCT.CO and transfering to Bitfunder ActiveMining then all these should be done.

Please PM me if you have not received your shares in the above cases.

Those on BTCT.CO that have tendered their shares are in a holding bin until we can create a asset on BTCT.CO and
get approved.  If you would like me to push your shares back to you please send me a PM.

I still dont have them  Angry
sr. member
Activity: 376
Merit: 250
anyone knows European time? I am trying to find CDT, but google showed me few confusing information, so I am pretty unsure. Probably I am only EU holder? Cheesy
No you're not.

For all time conversions, I usually use wolframalpha. Try it : http://www.wolframalpha.com/input/?i=1PM%20CDT

thanx a lot, 8PM of Eastern European time, I will try to get online tonight then
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