Just answer the following please
How many shares do you hold in this company??
How much capital did the owners invest??
Suppose by the time your avalon ships you have sold 5,000,000 shares.. would you divide the divident between these 5000000 or the 40000000??
Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 138. (Read 223316 times)
I think both the representatives of VMC/AMC need to step it up and come out with more transparency and detail in regards to the company and the questions being asked by the members of this forum. More detailed responses and answers to the questions asked can only better the image of the company and the stock. I am not sure why the responses by Kenneth have been made with minimal effort. As an investor it is quite disappointing. I bought in early so i am not at a loss and if this kind of behavior continues i am ready to sell and put my money elsewhere.
Same here.. wasnt so confused in the beginning but with all these questions in mind and being left unanswered or being replied with no clear response is making this highly suspicious of a scam.. also the projections are too unrealistic to be true and are dependent on so many non reliable variables..
The projection are based on what hasing power we have on order and the bitcoinx.com profit calculator. Check here: https://bitfunder.com/asset/AMC profile->images for an image of our Avalon order. Of course the projections are based on the current difficultly and the current exchange rate.
lewicki,
Then I shall apologize, my criticism have not once been out of self-interest but out of skepticism. Bashing AMC was never my intention, only questioning the legitimacy of its existence.
I have no further interest in posting in this thread until Mr. Slaughter clears the ongoing confusion about the company.
Then I shall apologize, my criticism have not once been out of self-interest but out of skepticism. Bashing AMC was never my intention, only questioning the legitimacy of its existence.
I have no further interest in posting in this thread until Mr. Slaughter clears the ongoing confusion about the company.
I don't know what the confusion is about the company. We are a mining cooperative which has 6 Avalon's on order and which may be shipped to us any day. We have purchase 1,150 Avalon chips which we are putting on BkkCoins boards. We have ordered 10,000 more chips from Avalon and are in the process of spinning up Avalon reference boards. We are getting ready when the funds are available to purchase another 10,000 chips from Avalon. All of these will start mining and producing income which will be paid out as dividends to the Investors. We are also working on creating our own 45nm and 28nm chips. We are working hard everyday to make AMC a winner, anyone who agrees with us should hope on board.
I hope this clears up your confusion. However, I am getting so busy that I most likely will not have time to keep posting in this thread. However, I will keep everyone informed by putting timely press releases.
I think both the representatives of VMC/AMC need to step it up and come out with more transparency and detail in regards to the company and the questions being asked by the members of this forum. More detailed responses and answers to the questions asked can only better the image of the company and the stock. I am not sure why the responses by Kenneth have been made with minimal effort. As an investor it is quite disappointing. I bought in early so i am not at a loss and if this kind of behavior continues i am ready to sell and put my money elsewhere.
Same here.. wasnt so confused in the beginning but with all these questions in mind and being left unanswered or being replied with no clear response is making this highly suspicious of a scam.. also the projections are too unrealistic to be true and are dependent on so many non reliable variables..
lewicki,
Then I shall apologize, my criticism have not once been out of self-interest but out of skepticism. Bashing AMC was never my intention, only questioning the legitimacy of its existence.
I have no further interest in posting in this thread until Mr. Slaughter clears the ongoing confusion about the company.
Then I shall apologize, my criticism have not once been out of self-interest but out of skepticism. Bashing AMC was never my intention, only questioning the legitimacy of its existence.
I have no further interest in posting in this thread until Mr. Slaughter clears the ongoing confusion about the company.
I think both the representatives of VMC/AMC need to step it up and come out with more transparency and detail in regards to the company and the questions being asked by the members of this forum. More detailed responses and answers to the questions asked can only better the image of the company and the stock. I am not sure why the responses by Kenneth have been made with minimal effort. As an investor it is quite disappointing. I bought in early so i am not at a loss and if this kind of behavior continues i am ready to sell and put my money elsewhere.
Nothing about your investment ?? Isnt this on the tracks of BFL now.. taking money and giving out promises of delivery "soon" with no 'real' estimation of how much you will be earnings..
Plus why cant you answer the most basic questions whats your stake in the company.. it would be cheating if you invest nothing and give out shares for BTC and utilize those BTC to buy Avalons and keep majority of the shares with yourself and get paid the dividents.. zero risk absolute profit..
Answere these simple questions to earn credibility.. You are currently not delivering anything atleast make yourself trustworthy..
Plus why cant you answer the most basic questions whats your stake in the company.. it would be cheating if you invest nothing and give out shares for BTC and utilize those BTC to buy Avalons and keep majority of the shares with yourself and get paid the dividents.. zero risk absolute profit..
Answere these simple questions to earn credibility.. You are currently not delivering anything atleast make yourself trustworthy..
Still no answers eh??
Quote
What is stopping the OP from converting the couple hundred thousand dollars worth of BTC he already received from this "IPO" to cash and buying a new house?
Of course the risk exists. Everyone knows this. As it did exist with Asicminer and look at what happened. High risks for potentially high gains.
I don't believe ASICMiner manipulated their IPO price or put out wildly exaggerated press releases to drum up interest.
There's a tendency on this sub-forum to compare AMC to ASICMINER. ASICMINER was a risky investment but AMC au contraire is a reckless investment. Since the start, Mr. Slaughter hasn't bought up any meaningful information about AMC or VMC except for those delightful hashing numbers and potential profits.
You need to go to specsavers.
Edit: For the UK contingent, the correct saying is, "You should have gone to Specsavers".
As you were.
Quote
What is stopping the OP from converting the couple hundred thousand dollars worth of BTC he already received from this "IPO" to cash and buying a new house?
Of course the risk exists. Everyone knows this. As it did exist with Asicminer and look at what happened. High risks for potentially high gains.
I don't believe ASICMiner manipulated their IPO price or put out wildly exaggerated press releases to drum up interest.
There's a tendency on this sub-forum to compare AMC to ASICMINER. ASICMINER was a risky investment but AMC au contraire is a reckless investment. Since the start, Mr. Slaughter hasn't bought up any meaningful information about AMC or VMC except for those delightful hashing numbers and potential profits.
You need to go to specsavers.
I'm surprised that so many people still think of BitCoin like monopoly money.
The SEC rules are setup to protect investors. What is stopping the OP from converting the couple hundred thousand dollars worth of BTC he already received from this "IPO" to cash and buying a new house?
Sound familiar?
"In the 1920s, companies often sold stocks and bonds on the basis of glittering promises of fantastic profits and without disclosing any meaningful information to investors. Following the stock market crash of 1929, the U.S. Congress enacted the federal securities laws and created the SEC to administer them."
Oh well, it's your BTC...
The SEC rules are setup to protect investors. What is stopping the OP from converting the couple hundred thousand dollars worth of BTC he already received from this "IPO" to cash and buying a new house?
Sound familiar?
"In the 1920s, companies often sold stocks and bonds on the basis of glittering promises of fantastic profits and without disclosing any meaningful information to investors. Following the stock market crash of 1929, the U.S. Congress enacted the federal securities laws and created the SEC to administer them."
Oh well, it's your BTC...
And some of us think, with all the protection in the world, we are still not protected, regardless if Ken Slaughter, The Governor of Cyprus Bank, or Libor Market Makers decide to use their ill-gotten gains to build an extra house, or not.
Personally, i find the company of failed risk-takers much more fun and entertaining, than watching someone throw 50 darts, to SAFELY score an inevitable bulls-eye. Yawn.
Quote
What is stopping the OP from converting the couple hundred thousand dollars worth of BTC he already received from this "IPO" to cash and buying a new house?
Of course the risk exists. Everyone knows this. As it did exist with Asicminer and look at what happened. High risks for potentially high gains.
I don't believe ASICMiner manipulated their IPO price or put out wildly exaggerated press releases to drum up interest.
There's a tendency on this sub-forum to compare AMC to ASICMINER. ASICMINER was a risky investment but AMC au contraire is a reckless investment. Since the start, Mr. Slaughter hasn't bought up any meaningful information about AMC or VMC except for those delightful hashing numbers and potential profits.
Quote
What is stopping the OP from converting the couple hundred thousand dollars worth of BTC he already received from this "IPO" to cash and buying a new house?
Of course the risk exists. Everyone knows this. As it did exist with Asicminer and look at what happened. High risks for potentially high gains.
I don't believe ASICMiner manipulated their IPO price or put out wildly exaggerated press releases to drum up interest.
Quote
What is stopping the OP from converting the couple hundred thousand dollars worth of BTC he already received from this "IPO" to cash and buying a new house?
Of course the risk exists. Everyone knows this. As it did exist with Asicminer and look at what happened. High risks for potentially high gains.
I'm surprised that so many people still think of BitCoin like monopoly money.
The SEC rules are setup to protect investors. What is stopping the OP from converting the couple hundred thousand dollars worth of BTC he already received from this "IPO" to cash and buying a new house?
Sound familiar?
"In the 1920s, companies often sold stocks and bonds on the basis of glittering promises of fantastic profits and without disclosing any meaningful information to investors. Following the stock market crash of 1929, the U.S. Congress enacted the federal securities laws and created the SEC to administer them."
Oh well, it's your BTC...
The SEC rules are setup to protect investors. What is stopping the OP from converting the couple hundred thousand dollars worth of BTC he already received from this "IPO" to cash and buying a new house?
Sound familiar?
"In the 1920s, companies often sold stocks and bonds on the basis of glittering promises of fantastic profits and without disclosing any meaningful information to investors. Following the stock market crash of 1929, the U.S. Congress enacted the federal securities laws and created the SEC to administer them."
Oh well, it's your BTC...
Anyone who cannot see the obvious market and news manipulation by this joke of a company is going to lose anything they invest. "A fool and his money are soon parted".
Illegal? You are assuming that those laws / regulations apply to a virtual exchange on a virtual stock?
Serious question.
The SEC regulations apply to every offering that solicits in ANY US state. Seriously? You did not know that?Serious question.
The virtual exchange is illegal (I expect they will shut it down in years to come (the SEC is slow)), the offerings are obviously illegal and will be likely illegal even if the "crowdfunding" parts of the jobs act ever passes (not much chance of that happening right now).
I thought everyone knew this?
Now where did i put that Magna Carta?
This is off topic.
Might as well close the "Securities" sub-forum, while we're at it! 
Quote
The SEC regulations apply to every offering that solicits in ANY US state. Seriously? You did not know that?
The virtual exchange is illegal (I expect they will shut it down in years to come (the SEC is slow)), the offerings are obviously illegal and will be likely illegal even if the "crowdfunding" parts of the jobs act ever passes (not much chance of that happening right now).
I thought everyone knew this?
The virtual exchange is illegal (I expect they will shut it down in years to come (the SEC is slow)), the offerings are obviously illegal and will be likely illegal even if the "crowdfunding" parts of the jobs act ever passes (not much chance of that happening right now).
I thought everyone knew this?
Right... so someone offers virtual stocks to a bunch of people all over the world that they buy using virtual money and you think it's illegal? Until Bitcoin is recognized as actual money, I don't see how this could be illegal. We all paid in Bitcoin and receive Bitcoin back. The exchanges were closed because people were paying / withdrawing real money. You may have an issue if you make 10x your initial investment here, withdraws the money and does not declare and pay taxes, but that's it in my opinion.
I make the same point as above, and as i did previously....what kinda space do some of you think we are all operating in here? This is Bitcoin for christ sake. You want regulation now? Please make your way to the FTSE and NYSE exchanges, and any other place your government tells you is safe. You really dont belong here.
Please be aware that there is no criminal activity anywhere except Bitcoin....except here maybe...... http://www.tweaktown.com/news/30679/nasdaq-stock-exchange-being-charged-10-million-over-facebook-ipo-issues/index.html
Illegal? You are assuming that those laws / regulations apply to a virtual exchange on a virtual stock?
Serious question.
The SEC regulations apply to every offering that solicits in ANY US state. Seriously? You did not know that?Serious question.
The virtual exchange is illegal (I expect they will shut it down in years to come (the SEC is slow)), the offerings are obviously illegal and will be likely illegal even if the "crowdfunding" parts of the jobs act ever passes (not much chance of that happening right now).
I thought everyone knew this?
You saying we are all criminals Minor? Thanks for the pointing this out.
Now where did i put that Magna Carta?
Quote
The SEC regulations apply to every offering that solicits in ANY US state. Seriously? You did not know that?
The virtual exchange is illegal (I expect they will shut it down in years to come (the SEC is slow)), the offerings are obviously illegal and will be likely illegal even if the "crowdfunding" parts of the jobs act ever passes (not much chance of that happening right now).
I thought everyone knew this?
The virtual exchange is illegal (I expect they will shut it down in years to come (the SEC is slow)), the offerings are obviously illegal and will be likely illegal even if the "crowdfunding" parts of the jobs act ever passes (not much chance of that happening right now).
I thought everyone knew this?
Right... so someone offers virtual stocks to a bunch of people all over the world that they buy using virtual money and you think it's illegal? Until Bitcoin is recognized as actual money, I don't see how this could be illegal. We all paid in Bitcoin and receive Bitcoin back. The exchanges were closed because people were paying / withdrawing real money. You may have an issue if you make 10x your initial investment here, withdraws the money and does not declare and pay taxes, but that's it in my opinion.
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