Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 145. (Read 223316 times)

They're instantly profitable, that is, if no more shares get dropped at .0005

Still some good value options on the table, if you're quick.

Pointless actually, since anyone that had bids at 0.0005 got those filled. Instead of waiting, you chose to buy immediately at the ask price. Your choice.

Moral of the story: Next time, don't buy without seeing if the same thing is being offered at a better price.

Cool, keep us updated. My avg share price is also above .0005 and I would like to see it go back to .0005.

Short update: Nothing to update yet.. Still waiting for response from BitFunder. I have stated that I would be happy if I was issued more shares to bring down my average share price to .0005.

The price has been stable at .0005 since the IPO issue was brought up on this thread, so maybe calling the IPO misleading wasn't too far-fetched after all?

BitFury ASICs also seem like an excellent choice, let's see if they can deliver the promised <1W per GH. https://bitcointalksearch.org/topic/bitfury-asic-185223

They seem to offer "special conditions" for bulk chip buying.

163k left at .0005

1,503,417 shares sold.

Top 10 Shareholders:
23,482,427
15,014,050
----------
201,163
101,450
100,000
99,919
71,000
50,000
40,000
39,388
34,815
28,600

Excellent

Thanks

Nice work

We have already made deposits to VMC for machines and they have purchased Avalon chips in steamboats batch 1.

We will be posting on bitfunder a full accounting of the funds by the 15th of June for the month of May.

Where did the other 460BTC go?

I think it would:  Here is the address we are holding bitcoins at to purchase the chips:  16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP

We would like to purchase a full batch as group purchases have a commission of about 9.5%

How can you capitalise the revenue at 5% when a large chunk of the shares are held by yourself without having put in the same amount of capital/share?  Not arguing against you retaining a chunk of shares - but it massively impacts valuation (sold shares generated .005 or whatever each, you shares generated the value of the avalons you purchased/shares you own).

Also if you extrapolate from current orders to a lot more (what you've done) then you MUST factor in the change that quantity of hash-power makes to difficulty, as it becomes significant.  If all those machines arrive and get deployed, difficulty would change within a week - the 50% reinvestment would only keep up with external changes, it can't possibly compensate for the immediate change when you deploy before you've mined anything.

It's also misleading to value shares now as though they already generated revenue that you project for a year.

Plus the value NOW can only be based on the capital you've currently raised - the company's value can't be calculated based on money you HOPE to raise by selling more shares.  And the value of an investor's share now is based on company value/number of dividend-paying shares.  So if you've sold 1 share for every 5 you hold (can't tell actual numbers as can't distinguish between treasury shares and your personal ones) then at present investors would only own 1/6th of the company.  As you sell more that figure increases - as does the value of their share - but right now, because the majority of shares are owned by yourself - without similar capital having been put in - the actual value of the shares sold must be pretty low (they put in 90% of capital and own 1/6th of company - or whatever actual figures are based on shares sold).

Who gets the dividend payment from shares allocated for public sale but unsold btw?  We know investors don't (they get a fixed portion of profits) but do they go to you or into reinvestment?

Have to say the distribution method used (a not uncommon one around here ) of x% of profits per share is grossly unfair to investors if the IPO doesn't sell out.  If less shares sell then they get the same percentage of profits on a much smaller capital base.  So if 1 share sold (ignoring your avalons for a second - just to show the point) then he'd have put in 100% of the capital but get 1/100 millionth of the profits.  Your existing avalon orders make it less unfair - but still grossly so unless most of that 40 million shares get sold (at which point you're 'only' taking 60% of profits plus any salary in return for a few avalons - looking only at capital invested, not at work put in).

Would publishing AMC's bitcoin address add transparency since we can see proof of purchase of Avalon chips, etc.

You are right, that is what happened, however that Early investor had over 3 weeks to pick up his 20K @ .0005.  Even at double the
price in the Long Run we will drive shareholder value up.  I think even that investor that picked up 10k @ .001 will be very happy.

That misses the point. 'Early' investor can pick up 20k at .0005 now
EARLIER Investor on 23rd picks up 10k @ .001 making a judgement on information which has shown to be wrong.

Big loss in volume

Did you mean to say early speculators/flippers, because if they where investors they would be waiting for the dividends.

Well a bunch of early investors already got screwed so I don't know how this will pan out.

So far all you have done is literally halved my piece of the pie by manipulating the book. Just because AMC might be a good investment in the long run doesn't mean those that wanted to buy at IPO price and thought the IPO was over so picked up shares at the next lowest price (when it wasn't) shouldn't feel entitled to have their 'rightful' share.

Your words don't mean much.

Your actions on the other hand.