[AMC]-The Official Active Mining Cooperative Discussion - page 134.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: TadpolesIsAWinner on May 31, 2013, 07:00:15 PM

Seriously, how do you think everyone who bought over .0005 feels right now?

Who cares how speculators that overpaid (hoping to pass the hot potato) now feel? It felt great to take their money and use it buy more AM-PT shares. Grin

We investors who bought in anticipation of the Avalons' arrival don't care.

Having said that, Ken should be thanking (not resenting) Ukyo for stepping in to clean up the confusing mess AMC's fiasco of an IPO has become.

All Hail Ukyo, benevolent God Emperor of BitFunder! Cool

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: TadpolesIsAWinner on May 31, 2013, 07:08:41 PM

Quote from: kslaughter on May 31, 2013, 07:03:37 PM

Quote from: TadpolesIsAWinner on May 31, 2013, 07:00:15 PM

Seriously, what you need to do is find out who paid more than .0005. I'm not saying give them their BTC back, but you should increase their share ownership relative to how much they paid. So for example, if someone bought 1000 shares two days ago at .001 BTC, you should just increase their shares to 2000. You won't lose $ that way, just shares. And you'll also not be cheating/punishing people who wanted to support your company in its early stages.

Seriously, how do you think everyone who bought over .0005 feels right now?

I have already been thinking about that, also maybe an increased special dividend after the Avalon's get here. I will take money out of my own pocket to make it right. I also will work extra hard to raise the share price back up.

This is good to hear. I hope you follow through, I think you'd make A LOT of investors happy if you did so.

Also, I know you're busy, but I do appreciate the responses on this message board. Especially with a new fund, a lot of people are going to have a lot of questions...and especially with selldowns and what not... Wink

Thanks, just trying to do what is right. I did not have a choice as Ukto was going to freeze the asset if I did not comply, also if I raise the price, or if I don't have all the shares posted. Not of which is required in the description.

TadpolesIsAWinner

jr. member

Activity: 52

Merit: 12

Quote from: kslaughter on May 31, 2013, 07:03:37 PM

Quote from: TadpolesIsAWinner on May 31, 2013, 07:00:15 PM

Seriously, what you need to do is find out who paid more than .0005. I'm not saying give them their BTC back, but you should increase their share ownership relative to how much they paid. So for example, if someone bought 1000 shares two days ago at .001 BTC, you should just increase their shares to 2000. You won't lose $ that way, just shares. And you'll also not be cheating/punishing people who wanted to support your company in its early stages.

Seriously, how do you think everyone who bought over .0005 feels right now?

I have already been thinking about that, also maybe an increased special dividend after the Avalon's get here. I will take money out of my own pocket to make it right. I also will work extra hard to raise the share price back up.

This is good to hear. I hope you follow through, I think you'd make A LOT of investors happy if you did so.

Also, I know you're busy, but I do appreciate the responses on this message board. Especially with a new fund, a lot of people are going to have a lot of questions...and especially with selldowns and what not... Wink

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: TadpolesIsAWinner on May 31, 2013, 06:43:06 PM

Quote from: kslaughter on May 31, 2013, 04:56:54 PM

Quote from #bitfunder IRC channel:

Quote

there
i told him to post them
at 0.005
if he does any mroe sell downs
i will get very pissed

nice
AMC___: got that?
Yes

As per Ukto Bitfunder.com God, I have post all AMC IPO shares at .0005

Update from #bitfunder IRC channel:

Quote

le2: amc is selling at 0.0005 from here on

This is great news. So 3 days ago I paid almost double for these shares! Super fucking awesome.

Yo KSlaughter, I'll trade you 1333 shares at .0009 for 2400 at .0005? I guess I was supporting your company "too early" and should have waited.

That might be it the works, I am thinking about how I can make it right for my investors. Ukto, did not give me a choice, he used his "God" powers to drive the
price down to .0005 when there was demand at .0008.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: TadpolesIsAWinner on May 31, 2013, 07:00:15 PM

Seriously, what you need to do is find out who paid more than .0005. I'm not saying give them their BTC back, but you should increase their share ownership relative to how much they paid. So for example, if someone bought 1000 shares two days ago at .001 BTC, you should just increase their shares to 2000. You won't lose $ that way, just shares. And you'll also not be cheating/punishing people who wanted to support your company in its early stages.

Seriously, how do you think everyone who bought over .0005 feels right now?

I have already been thinking about that, also maybe an increased special dividend after the Avalon's get here. I will take money out of my own pocket to make it right. I also will work extra hard to raise the share price back up.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: Ukyo on May 31, 2013, 06:31:08 PM

Quote from: kslaughter on May 31, 2013, 06:22:36 PM

Quote from: dhenson on May 31, 2013, 05:54:59 PM

Quote from: kslaughter on May 31, 2013, 05:37:16 PM

The description does not say that, and it controls.

Can someone translate?

Sorry for the legal ease. The description says that AMC may post the shares at no less that .0005

I think the issue is that the vast number of shares you are trying to sell, in comparison to the market, is huge.
It seems to me, that people would like you to set an official amount of shares at prices. This is why the tier method has worked in the past.

Perhaps you should say up to X shares will be Y price, and then Z shares will be A price, etc.. and use reasonable numbers.
I am sure the shareholder would much rather have that.

My two cents.

I think there was plenty of demand at the .0008 range and the volume was good. Now by your God action you have caused my
investor to be mad at me. I had no choice except to reduce the price to .0005 when I all the right per the description to sell
shares at no less that .0005. You have hurt my reputation my you blantant action based on what in your "God" mind was the
right price. The market was setting the price. I tried to sell shares at .0009, but the market did not agree, so I reduced my
price to .0008 and the market started buy again. I have went my the letter of the description which is posted on bitfunder.com

TadpolesIsAWinner

jr. member

Activity: 52

Merit: 12

Seriously, what you need to do is find out who paid more than .0005. I'm not saying give them their BTC back, but you should increase their share ownership relative to how much they paid. So for example, if someone bought 1000 shares two days ago at .001 BTC, you should just increase their shares to 2000. You won't lose $ that way, just shares. And you'll also not be cheating/punishing people who wanted to support your company in its early stages.

Seriously, how do you think everyone who bought over .0005 feels right now?

TadpolesIsAWinner

jr. member

Activity: 52

Merit: 12

Quote from: kslaughter on May 31, 2013, 04:56:54 PM

Quote from #bitfunder IRC channel:

Quote

there
i told him to post them
at 0.005
if he does any mroe sell downs
i will get very pissed

nice
AMC___: got that?
Yes

As per Ukto Bitfunder.com God, I have post all AMC IPO shares at .0005

Update from #bitfunder IRC channel:

Quote

le2: amc is selling at 0.0005 from here on

This is great news. So 3 days ago I paid almost double for these shares! Super fucking awesome.

Yo KSlaughter, I'll trade you 1333 shares at .0009 for 2400 at .0005? I guess I was supporting your company "too early" and should have waited.

Ukyo

sr. member

Activity: 448

Merit: 250

Quote from: kslaughter on May 31, 2013, 06:22:36 PM

Quote from: dhenson on May 31, 2013, 05:54:59 PM

Quote from: kslaughter on May 31, 2013, 05:37:16 PM

The description does not say that, and it controls.

Can someone translate?

Sorry for the legal ease. The description says that AMC may post the shares at no less that .0005

I think the issue is that the vast number of shares you are trying to sell, in comparison to the market, is huge.
It seems to me, that people would like you to set an official amount of shares at prices. This is why the tier method has worked in the past.

Perhaps you should say up to X shares will be Y price, and then Z shares will be A price, etc.. and use reasonable numbers.
I am sure the shareholder would much rather have that.

My two cents.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: dhenson on May 31, 2013, 05:54:59 PM

Quote from: kslaughter on May 31, 2013, 05:37:16 PM

The description does not say that, and it controls.

Can someone translate?

Sorry for the legal ease. The description says that AMC may post the shares at no less that .0005

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: kslaughter on May 31, 2013, 05:37:16 PM

The description does not say that, and it controls.

Can someone translate?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: hf on May 31, 2013, 05:13:49 PM

Quote from: joris on May 31, 2013, 05:11:04 PM

This concerns only the first batch of IPO share (5 million, 5% of AMC)

So still 15 million share in between 0.0005 & 0.001 ~ nothing is for sure...

Well, that's not what was advertised.

Quote from: kslaughter on March 26, 2013, 12:36:07 AM

The offering price will be 0.0005 Bitcoins for the first 20,000,000 early-adopter shares thereafter the price will be .001 BTC per share.

The description does not say that, and it controls.

ChronoX5

member

Activity: 72

Merit: 10

Quote from: canuckgal on May 31, 2013, 05:12:04 PM

Ok, I just jumped on the AMC bandwagon, I'm here for the ride.

It can only go up from here, right? lol

Welcome aboard. If you thought BTC to $ was volatile then you haven't met Ken yet.
The ride never ends.

I'm going to bed now, looking forward to all the fun replies tomorrow.

joris

full member

Activity: 141

Merit: 100

Currently from BitFunder.com

Quote

Early-Adopters:

AMC may issue up to 20,000,000 "Early-Adopters" shares which may be posted for no less than 0.0005 BTC
each and will also issue 20,000,000 growth and expansion fund shares to AMC. The "Early-Adopter" shares
may be posted in batches with the first batch being 5,000,000 shares. Only the first 40,000,000 issued
shares will receive 100% of the monthly profits after all expenses until the total dividends paid is
equal to .0005 BTC per share. AMC will only issue 40,000,000 shares (20,000,00 "Early-Adopter and
20,000,000 AMC growth and expansion fund shares) until the total dividends paid is equal to 0.0005 BTC
per share and 12 months have elaped from the date of the initial offering. Should it be determined that
it is not feasible to develop an ASIC chip, then the remaining funds in the research and development/purchase
fund will be added the growth and expansion fund.

Additional shares may be sold at no less than .001 BTC each.

But no GPG-signed contracts up till now, so everything is free-floating, and also the absence of a GPG-signed contract is valuable information.

Nonetheless, I hold shares in AMC and go for the long run.

lewicki

sr. member

Activity: 294

Merit: 250

Shareholder Update:

AMC   21,881,279
AMC   15,002,166
----------------
AMC   214,515
AMC   203,855
AMC   185,257
AMC   170,730
AMC   147,591
AMC   108,550
AMC   100,000
AMC   99,919
AMC   94,602
AMC   84,996

Shares Sold:3,107,725
Shareholder Count: 309

joris

full member

Activity: 141

Merit: 100

Your quoting from before the IPO of AMC "II"

EDIT: AMC's first attempt to sell virtual shares was retracted to rework the offering and shares went for sale a second time in May.

hf

member

Activity: 98

Merit: 10

there will be no fucking vegetables

Quote from: joris on May 31, 2013, 05:11:04 PM

This concerns only the first batch of IPO share (5 million, 5% of AMC)

So still 15 million share in between 0.0005 & 0.001 ~ nothing is for sure...

Well, that's not what was advertised.

Quote from: kslaughter on March 26, 2013, 12:36:07 AM

The offering price will be 0.0005 Bitcoins for the first 20,000,000 early-adopter shares thereafter the price will be .001 BTC per share.

joris

full member

Activity: 141

Merit: 100

bandwagon or rollercoaster Wink

canuckgal

member

Activity: 104

Merit: 10

Ok, I just jumped on the AMC bandwagon, I'm here for the ride.

It can only go up from here, right? lol

joris

full member

Activity: 141

Merit: 100

This concerns only the first batch of IPO share (5 million, 5% of AMC)

So still 15 million share in between 0.0005 & 0.001 ~ nothing is for sure...

Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 134. (Read 223316 times)