Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 137. (Read 223316 times)

Well I managed to get some at 0.0070 so I am happy. If it comes any lower I will get them too.

I have a couple of friends interested in buying the shares. Just waiting for the right time when it gets back down to 0.0005 a share.

I'm not expecting (but don't quote me on that ) the share price to go any lower than they already are unless there is the specific need for it. If it's KS selling at 0.0008 it must be for quickly getting the last coins needed for the next 10k chip Avalon batch.

Great, as soon as it comes closer to 0.0005 I will buy more. This is one of the only investments with some level of security for the upcoming asic take over.

yeah.

i bought 1200 shares at 0.0008999 few hours ago

and now it is way lower.

i feel something is fishy here

like on alternative cryptocurrencies, pump and dump worthless coins...

i am glad that i lost only ASCMINER dyvidend from this week and some mining with my 1.2g rig.

very risky assets... some early adopters wanna cashout.

price will go to .00050005 i think, 40% loss imho

I recognize that.  I'm not suggesting you dump 5mil shares at .0005 (though I would definitely grab some more).  I'm suggesting that you place incremental Ask orders like you have been doing.  The difference is that you stop removing the orders or trying to undercut the market.  People just want stability and predictable behavior.  State what your plan is and stick to it.

Please don't think I'm down on AMC, I'm not.  I'm holding AMC long.  Your current actions are simply scaring off investors.

Same here. I was looking to purchase the IPO in multiple blocks at .0005. Then all of a sudden those shares were taken off the market. So where are the early adopter shares now?

The .0005 plan was not working very well.  We only sold 400,000 shares in the first 3 weeks of the IPO when you could buy as many shares as you wanted up to balance of the 5,000,000.  As soon as I took the 4.6 million shares down, the market took off. Now the price is floating with the demand.

+1 to that

AMC is a hybrid Bitcoin mining and development cooperative describing itself as "the next big mining cooperative" is releasing today an offering to early-adopters of Five million (5,000,000) BitFunder virtual shares and issuing another twenty million (20,000,000) BitFunder virtual shares which will be used for the growth and expansion fund, which will receive a total of 100% of the company's virtual-currency profits after all expenses until the total dividends paid is equal to the offering price of .0005 BTC per share and 12 months have elapsed since the initial offering. The Cooperative is hoping to raise up to 2,500 Bitcoins. 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. If demand is strong enough then share prices may increase throughout the IPO.

The first 20m shares were to be sold at BTC0.0005, the market is now at 40m shares,  it's not clear how we have got to 40m from the stated 5m and 20m but I guess it's to do with the rapid growth AMC has seen

The second issue of 20m shares should be selling at BTC0.001 by the estimated time they would be released, but the stock is doing very well now and I can see why slaughter wants to stock as many miners as possible, to get their foot in the door so they can compete with Avalon

I think slaughter is in his right to sell the shares as he can - in the long run, it will pay off by allowing him to purchase the 20,000 chips he has promised

I agree he should be more open about business but people need to understand he's clearly very busy. He's promised us a lot and we are right to expect high standards, but if he spends all his time responding to everyone grilling him all the time, he's not going to get a lot of work done..

I think I, and most other people would just feel a lot better if Ken would set his Asks and then walk away.  The .00005 increment plan was working quite well.  People could see that buying now was advantageous as the price was going to be higher tomorrow.

By trading like a schizophrenic off his meds, he's only hurting interest and in turn his own ability to raise funds.

Ken, do us all a favor.  Set your Asks at the increment of your choosing and walk away.

Some updated figures. I welcome any contributions for more accurate estimates!

• Network hashrate assumes a 15% increase per month (geometric progression, r=1.15), with an estimated 381TH/s by december.
• Operating expenses estimated at 10%.
• Dividends/share/month assume 40,000,000 shares
• Accumulated Growth/Expansion Fund expresses income dividends from the respective 20,000,000 shares, which reflects the BTC reserved specifically for hardware buying
• Share valuation reflects the % of accumulated profit/share divided by the bought share price. A 100% figure means the share price is fully paid by earned dividends.

Like Ken said, its called a market.

No, I believe it's called market manipulation.

Its called a market.

I own 40% of the company, or 40 million shares.  These 40 million shares do not receive dividends until the total dividends paid is .0005 per share and 12 months have elapsed from the date of the IPO May 1, 2013.  I have invested the 6 Avalon's which are paid for.  I am continuing to invest my time and talent developing AMC's IP which will bring the investors a 10% royalty on machines VMC sells with AMC technology.  The dividends are divided between the 40,000,000 issued shares of which 20,000,000 shares are in the growth and expansion fund.  This fund is used to purchase more mining machines from VMC or others.  AMC will receive dividends from unsold shares which will be used to purchase more mining machines, R & D, direct mining expenses, etc.

Bakewell only wishes he had these talents

It looks like someone put in a sell order of over 2k shares at .00089999 (probably someone who bought at .0005) at the same time kslaughter had a large sell order at .0009.

kslaughter then changed his .0009 sell order to .00089998 so it would jump in front of the .0008999 sell order.

The shananagans continue...

I think more folks would take this IPO more seriously if the IPO price wasn't being manipulated so blatantly. For example, kslaughter said there would be 20,000,000 early adopter shares available at .0005, but has continued to try to force the price of early adopter shares up with large sell orders at .0005, .0006, then .0007, .0008, and then .0009.

As I was typing this email, a large block of shares just showed up at .0008!

Who keeps on putting up these asks?

639,222   ฿0.00089998

Read the description, it has all the answers.