Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 18. (Read 223344 times)

Last time I checked AMC and AM were paying dividends.

The price isn't going to hit .0029 while the wall at .0025 is in the millions.  If I see the wall getting eaten up down to half a million, I would jump back in.  As far as ASICMINER goes, the price is just as likely to go up as it is to go down, so share price isn't a factor -- but the dividends are.  
Wow you're making me talk myself into this..  

hold and you definitely get nothing until the wall gets eaten away. (IF..)

if that wall takes a month to get eaten away, thats 4 asicminer dividends, and a trading month lost.

I can't see how this would be of any benifit. What if ASICMINER shares dip while you are in them and before you sell at a loss to get back into AMC price hits .0029? There are no guarantees on short term price moves here and I think your strategy would therefore be risky. If you think AMC are on the way up medium to long term then the safest thing to do it just hold.

Really pleased to see this visit is happening.

-I would definitely like to see some pictures of anything you can show bearing in mind security issues - so don't take photos of the inside of external doors/shutters for example or the entire stock on the premises.

-Now that the issue of company structure has been successfully addressed I would like to know that Ken is taking physical security of AM assets very seriously. The unit should be secure obviously but any employees Ken might be taking on needs to be trustworthy. I would also say that with the high value of the miners soon to be assembled that employees should not be allowed to work alone or unsupervised. A single employee could easily walk out with a 400k machine under their arm and I don't think any single person should be given that opportunity - so atleast two staff on site at any one time or none atall and everything locked up with Ken holding the master key/code. Anything else is asking for trouble.

-Security also for Kens PC network. If someone breaks in and takes his PCs what impact would that have on the company? So are his personal computers secure?

-I would like to hear more on the Board structure and how the voting will be carried out. I would also like to know how board members will be selected to stand for the voter elections.

-How far will Ken take the company? In other words would he consider accepting a buy out offer ie selling the company to a major interested party for Xmillions? If he would consider that how would that effect the share holder value and would we be consulted before any decision is made?

-Kens other businesses - Ken seems to have other businesses so is he giving his entire attention to AM/AMC or does he have other commitments?

-Delegating workload. What plans does Ken have in place for future sharing of workload? What positions is he going to appoint and from where will he source individuals with relevant experience.

-Will a full breakdown of the company costs that effect dividend payments be made? So will we see the figures for staff costs, labour costs, premises hire, Ken's wages etc. This is to do with shareholder value, does Ken promise to do everything he can to keep essential costs down to a minimum and therefore maximize shareholders dividend payments?

I am sure there are others with this sentiment

I didn't really contradict myself as you are implying.  I acknowledge that shares need to sell at .0025 for the funding, but I am doubting my patience to stick around for that when there's such a big wall.  I could sell my shares, invest back into asicminer, and wait until the wall is thinned out to jump back in.  I'm probably not the only one thinking of doing this. 

Yep lol... the wall is going down, but it isn't going to happen in one night

Uh huh.


And yet...

Uhh, dude.. the benefit of eating that wall is that Ken gets his funding.  That's the whole point. 

the wall on btctc is being chomped quite nicely at the moment, over 100k down since I last looked

Agreed, it will be a sense of frustration for short term traders on these shares, but it will also help keep the value sane and stable during the NRE.  It doesn't bother me much because I, and I am sure others, will be gladly eating into that wall.  Completion of the NRE is important, very important the faster it is attained, for long term investors.

I actually don't mind the wall. It will prevent a blow off top which is of benefit to medium-to-long term investors. The last thing we need is for the price to go from 0.0025 -> 0.01 -> 0.0020 in a few hours.

Remember the walls are there to raise funds for the NRE. Short term flippers don't like walls because it limits their upside ie they need to hold for much longer than they like to make a quick buck. With dividends increasing and good news to come out over the next few weeks, the walls will be eaten away. It might frustrate the flippers but it is good for the health of the company.

Perhaps instead of one seemingly insurmountable wall Ken should drop 5k shares every day or so at the current ask, so as not to scare investors into selling?
Thoughts?

I'm thinking of selling mine too for this very reason. 

there are nearly 2 million outstanding shares unsold on BTCT - dont know about bitfunder, probably more. thats one hell of a wall to overcome. Is there enough volume on the market? I dont think so. so I sold out at 0.002499.

Check the #1 post on the ActiveMining thread.

So what will be the new total amount of shares; On the market (including sale post @ 0.0025) and; Total once ALL shares have been distributed (including the 15 million that are to be emitted at a later time)?

Also: What ownership share of the new AMC do the total amount of shares make up? (%)

Those shares at .0025 need to be sold to raise money for the chip. If not sold by the time AM is active on BTC-TC, the remaining shares will follow everyone over to AM

Great!!

Posting here a small OT: on Asicminer thread one user proposed to sell "subsidized" ASIC devices which mine (hard coded) 30% for the fund itself, and the rest is for the owner. This distribute risks and costs, together with a rapid scale-up of the production.

I don't think that Asicminer is interested on that but, on the other side, ActiveMining can easily take advantage of such an aggressive strategy.

What do you think?