So from the 40 million shares only 2 million have been sold?
If that's the case, I hope they don't sell the next batches at .0005 again?
Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 144. (Read 223316 times)
kslaughter > Could you tell us how many of the 40M shares issued have been sold ?
1,947,965 shares have been sold, most of which was in the past week.
Top 10 Shareholders:
AMC 23,042,035 2 reserves started at 40 million shares total
AMC 15,010,000
------------------
AMC 201,163
AMC 114,856
AMC 112,100
AMC 101,450
AMC 99,919
AMC 91,000
AMC 85,800
AMC 84,996
AMC 80,000
AMC 50,000
Once the dividends from the Avalons start rolling in within the month, AMC will be legitimitized.
Then once these chips being ordered start paying out, look out...
But when they start pumping out their own chips, the shits going to hit the fan - bitcoin shit that is.
People will get bored of ASICminer and they'll look elsewhere...
I'm excited.
Then once these chips being ordered start paying out, look out...
But when they start pumping out their own chips, the shits going to hit the fan - bitcoin shit that is.
People will get bored of ASICminer and they'll look elsewhere...
I'm excited.
kslaughter > Could you tell us how many of the 40M shares issued have been sold ?
Quote
Insert Quote
Are there any shares left at .0005?
Are there any shares left at .0005?
Too late... but there are still some at 0.0006 (will not be anymore soon).
Are there any shares left at .0005?
Yes, lets do that!
SPRINGFIELD, MO, – May 28, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines is announcing today that they have ordered (Order: #10409) a full batch (10,000) of Avalon chips to build ~29 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC machine total to 39 units. The 39 machines will bring the cooperatives hash power to 3,504,000 MH/s, 3,504 GH/s, or 3.504 TH/s. At the current Difficulty of 12,153,411.71 this will bring the estimated total revenue as of this writing to a total of $19,280.28 per day and a yearly amount of $5,398,450.75. AMC is a hybrid mining and development cooperative and a business unit of VMC.
Very nice! Now, lets round up the funds for yet another 10k chips!
Cool.
SPRINGFIELD, MO, – May 28, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines is announcing today that they have ordered (Order: #10409) a full batch (10,000) of Avalon chips to build ~29 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC machine total to 39 units. The 39 machines will bring the cooperatives hash power to 3,504,000 MH/s, 3,504 GH/s, or 3.504 TH/s. At the current Difficulty of 12,153,411.71 this will bring the estimated total revenue as of this writing to a total of $19,280.28 per day and a yearly amount of $5,398,450.75. AMC is a hybrid mining and development cooperative and a business unit of VMC.
Would love to know if all those options were purchased or removed? Was going in for more!
Since the floor is .0005, and its a new share, and we currently have strong momentum, this is a low risk bet for the next 4 weeks.
How is the floor .0005? That's more like the ceiling - any time any significant volume of orders are above that the issuer is going to sell into it (not least because if he doesn't then those with shares will sell and put up bids at .005 themselves to get their shares back cheaper next time issuer dumps a load).
That's why opaque selling policies are horrible. There's nothing wrong with changing the price (and it SHOULD be changing - downwards as it happens - due to effectively being a USD-denominated security) but any price changes and/or new sales should be announced in advance. Not least to prevent any suspicion of insider trading (Issuer or someone he knows can fill bids over .0005 and buy back with certainty if they know, and noone else does, that another batch will be dumped on the market).
My definition of floor is, if it trades for 48 hours below 0.0005, its all over for the share, as far as im concerned.
The scenario you paint is valid, and i trust Ken/AMC have taken note.
I still expect the issuer to sell more at 0.0005 if that means getting more hardware sooner than later. Mining is a time race.
> 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.> AMC will only issue 40,000,000 shares (20,000,00 "Early-Adopter and 20,000,000 AMC growth and expansion fund shares)
> Additional shares may be sold at no less than .001 BTC each.
Vbs, I could be missing something, but since 40M shares have been issued at .0005, can AMC really sell additional shares at a lower price than .001 ?
40M were issued (created), but not sold.
Quote
I still expect the issuer to sell more at 0.0005 if that means getting more hardware sooner than later. Mining is a time race.
But why does he need to sell at 0.0005 though? Why not let the market decide how much they are willing to pay per share and sell at that price or perhaps just slightly lower?
It really only depends on the rate at which the funds are needed.
For example, imagine he needs more coins for hardware now and starts selling at 0.0006; after awhile realizes he isn't selling anything because there are a lot of flippers dumping shares between 0.0005 and 0.0006. No income would mean less assets/missed chances for the cooperative, which is a much higher toll than selling more at 0.0005.
I still expect the issuer to sell more at 0.0005 if that means getting more hardware sooner than later. Mining is a time race.
> 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.> AMC will only issue 40,000,000 shares (20,000,00 "Early-Adopter and 20,000,000 AMC growth and expansion fund shares)
> Additional shares may be sold at no less than .001 BTC each.
Vbs, I could be missing something, but since 40M shares have been issued at .0005, can AMC really sell additional shares at a lower price than .001 ?
Quote
I still expect the issuer to sell more at 0.0005 if that means getting more hardware sooner than later. Mining is a time race.
But why does he need to sell at 0.0005 though? Why not let the market decide how much they are willing to pay per share and sell at that price or perhaps just slightly lower?
I still expect the issuer to sell more at 0.0005 if that means getting more hardware sooner than later. Mining is a time race.
Quote
That's why opaque selling policies are horrible. There's nothing wrong with changing the price (and it SHOULD be changing - downwards as it happens - due to effectively being a USD-denominated security) but any price changes and/or new sales should be announced in advance. Not least to prevent any suspicion of insider trading (Issuer or someone he knows can fill bids over .0005 and buy back with certainty if they know, and noone else does, that another batch will be dumped on the market).
Anyone knows what's the situation regarding new batches? Has the OP not said anything about it? Given the issues people raised this time around, I would imagine the OP should make some statement regarding future batches.
Since the floor is .0005, and its a new share, and we currently have strong momentum, this is a low risk bet for the next 4 weeks.
How is the floor .0005? That's more like the ceiling - any time any significant volume of orders are above that the issuer is going to sell into it (not least because if he doesn't then those with shares will sell and put up bids at .005 themselves to get their shares back cheaper next time issuer dumps a load).
That's why opaque selling policies are horrible. There's nothing wrong with changing the price (and it SHOULD be changing - downwards as it happens - due to effectively being a USD-denominated security) but any price changes and/or new sales should be announced in advance. Not least to prevent any suspicion of insider trading (Issuer or someone he knows can fill bids over .0005 and buy back with certainty if they know, and noone else does, that another batch will be dumped on the market).
Still some good value options on the table, if you're quick.
They're instantly profitable, that is, if no more shares get dropped at .0005
Yes. Best value options ive seen for a while.
Consider this. At the moment you could bet 1.2btc, that 10,000 shares will/will not exceed 0.000570, sometime from now and the next 4 weeks.....and its there now.
Since the floor is .0005, and its a new share, and we currently have strong momentum, this is a low risk bet for the next 4 weeks.
Edit: I also have no problem with the fact, that Ken/AMC may have placed those options there. However, if i see the live order book manipulated like it was again, im out, and i trust Ken/AMC now understand that that strategy, is a wrong one.
Edit edit: Option price corrected upwards.
Jump to: