[AMC]-The Official Active Mining Cooperative Discussion - page 152.

joris

full member

Activity: 141

Merit: 100

Quote from: furuknap on May 24, 2013, 08:33:31 AM

Quote from: nebulus on May 24, 2013, 08:31:12 AM

I'll tell you what it is. The whole IPO thing is fucked. They had shares selling for 0.0005 a week ago. They realized it created a wall and people were selling cheaper than that. They removed them and now they are selling them above that because people perceive it as sold out IPO. I have some data let's see what the official statement is going to be.

If this is true, it is bad for AMC and assets in general. Issuers should stick with their plans and let the market decide what to do. An issuer that tries to manipulate the market or back down from previously announced plans is bad for the asset, for investors, and for the market in general.

.b

AMC does not deviate from the stated plan:

Quote

AMC may issue up to 20,000,000 "Early-Adopters" shares which may be posted for no less than 0.0005 BTC
each

lewicki

sr. member

Activity: 294

Merit: 250

Well. Contrary to what's been going on, people are picking up shares:

From the asset list: All shares add up to 40 mil

These are the IPO shares
AMC   23942526
AMC   15014050

The shareholders:
AMC   101450
AMC   99919
AMC   53112
AMC   49000
AMC   45700
AMC   39388
AMC   37766
AMC   26069
AMC   25860
AMC   24000
AMC   21400
AMC   21347
AMC   21000
AMC   20000
AMC   20000
AMC   19310
AMC   18998
AMC   17450
...
AMC   3
AMC   3
AMC   2
AMC   1
AMC   1
AMC   1

Add up to:
1,043,424 shares

Not bad for a week and a half.

furuknap

sr. member

Activity: 294

Merit: 250

http://coin.furuknap.net/

Quote from: nebulus on May 24, 2013, 08:31:12 AM

I'll tell you what it is. The whole IPO thing is fucked. They had shares selling for 0.0005 a week ago. They realized it created a wall and people were selling cheaper than that. They removed them and now they are selling them above that because people perceive it as sold out IPO. I have some data let's see what the official statement is going to be.

If this is true, it is bad for AMC and assets in general. Issuers should stick with their plans and let the market decide what to do. An issuer that tries to manipulate the market or back down from previously announced plans is bad for the asset, for investors, and for the market in general.

.b

nebulus

hero member

Activity: 490

Merit: 500

... it only gets better...

Quote from: lewicki on May 24, 2013, 07:51:33 AM

Quote from: nebulus on May 24, 2013, 07:21:15 AM

Last week there were 4 mil shares available at IPO prices (One sell order) These have disappeared and the graph does not show any significant volume trading. I do not believe that you sold out all of the IPO "overnight". It seems like you simply removed them from circulating and no you have to buy at market price. Can you explain to us wtf is going on?

Something is sweeping through every 10-15mins picking up all buy orders above .0005. Though, it would be nice to see how many shares are left to be issued. About how many are left of the 20mil to be purchased?

What server is the irc channel on?

I'll tell you what it is. The whole IPO thing is fucked. They had shares selling for 0.0005 a week ago. They realized it created a wall and people were selling cheaper than that. They removed them and now they are selling them above that because people perceive it as sold out IPO. So technically no IPO here unless they are willing to sell me some of shares at 0.0005 tight now which I can sell at market. The data is public to back up what I'm saying. Let's see what the official statement is going to be. Bottom line people are getting ripped off and that's fucked up.

paul3

member

Activity: 99

Merit: 11

Quote from: lewicki on May 24, 2013, 07:51:33 AM

Something is sweeping through every 10-15mins picking up all buy orders above .0005. Though, it would be nice to see how many shares are left to be issued. About how many are left of the 20mil to be purchased?

You can check it here: https://bitfunder.com/assetlist

AMC 15,014,050 19G1bxo86NZc2CwP6Qq9981fkbFtVUDc56
AMC 23,942,526 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP

lewicki

sr. member

Activity: 294

Merit: 250

Quote from: nebulus on May 24, 2013, 07:21:15 AM

Last week there were 4 mil shares available at IPO prices (One sell order) These have disappeared and the graph does not show any significant volume trading. I do not believe that you sold out all of the IPO "overnight". It seems like you simply removed them from circulating and no you have to buy at market price. Can you explain to us wtf is going on?

Something is sweeping through every 10-15mins picking up all buy orders above .0005. Though, it would be nice to see how many shares are left to be issued. About how many are left of the 20mil to be purchased?

What server is the irc channel on?

furuknap

sr. member

Activity: 294

Merit: 250

http://coin.furuknap.net/

Sad to see this still only trades on Bitfunder, which is a huge hurdle for a lot of investors, including myself. It looks like an interesting project, but making it difficult for new investors to buy shares reduces liquidity and thus sales price.

Get this on BTCT sooner rather than later.

.b

nebulus

hero member

Activity: 490

Merit: 500

... it only gets better...

Last week there were 4 mil shares available at IPO prices (One sell order) These have disappeared and the graph does not show any significant volume trading. I do not believe that you sold out all of the IPO "overnight". It seems like you simply removed them from circulating and no you have to buy at market price. Can you explain to us wtf is going on?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: Theraty on May 23, 2013, 06:36:38 PM

Have all 20 million shares been released?

We have issued 20 million for early-adopters and 20 million for the growth and expansion fund.
These will be the only shares receiving dividends for the 12 month from the date of the IPO.

Theraty

member

Activity: 196

Merit: 10

Have all 20 million shares been released?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: ronaldlee0917 on May 23, 2013, 11:34:31 AM

How do you distinguish between an early-adopter share and a normal share? Are the ones trading on BitFunder now early-adopter shares?

Yes, the first 20,000,000 million shares are early-adopter shares. Yes, all shares trading on bitfunder.com at this point are early-adopter shares.

auto2nr1

sr. member

Activity: 350

Merit: 250

Quote from: ronaldlee0917 on May 23, 2013, 11:34:31 AM

How do you distinguish between an early-adopter share and a normal share? Are the ones trading on BitFunder now early-adopter shares?

I would like to know as well. Huh

ronaldlee0917

full member

Activity: 238

Merit: 100

How do you distinguish between an early-adopter share and a normal share? Are the ones trading on BitFunder now early-adopter shares?

stereotype

legendary

Activity: 1554

Merit: 1000

Well i just bought in, so lets see. I see "If only the Avalon's would get here" as a collective chant of the world right now! Has no one done a mash-up/parody on Youtube yet? Grin

kslaughter

sr. member

Activity: 476

Merit: 250

Yes, I think things are looking up. If only the Avalon's would get here.

stereotype

legendary

Activity: 1554

Merit: 1000

An interesting share, that im watching like a hawk. The (re)distribution of the order book looked a bit suspect to me, but at least we have some growing participation and interest now.

rikur

full member

Activity: 216

Merit: 100

Subscribed

kslaughter

sr. member

Activity: 476

Merit: 250

Springfield, Mo – May 22, 2013 – AMC has announced today that they have started the process of porting their Bitcoin mining code to a FLip Chip 672 45nm. The port of AMC's code to this chip is expected to provide over 6 GH/s of hashing power per chip. AMC is a hybrid mining and development cooperative and a business unit of VMC.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: SpaceProphet on May 22, 2013, 05:02:19 PM

Hey AMC,

You mentioned the Avalon's shipped in April. Are you guys up and mining with them yet?

Thanks in advance,
SP

No, that was the news from Avalon in April. Talked to Yufi at Bitcoin 2013 and he said they would start shipping this week. What I expect is to have the machines mining by the end of the month. However, this depends on Avalon.

SpaceProphet

newbie

Activity: 31

Merit: 0

Hey AMC,

You mentioned the Avalon's shipped in April. Are you guys up and mining with them yet?

Thanks in advance,
SP

Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 152. (Read 223316 times)