[AMC]-The Official Active Mining Cooperative Discussion - page 20.

Ashitank

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Quote from: Ashitank on July 08, 2013, 11:48:30 PM

Sorry to be OT.

Let me rephrase my question, if I dont have a android phone & Apple Ios phone is there as way for me to set-up google 2nd factor like on windows it self.

Guys without Android & Ios phones use this tool to generate google 2nd factor on your system running windows : http://www.maxoutput.com/authenticator/

stenkross

sr. member

Activity: 330

Merit: 250

Hi,

Will it matter if I keep AMC for a longer period (during the co-existence period) or if I switch to ActiveMining now in regards to dividends payout?
In my opinion it should not, but I just want to get it confirmed that 1 share will get equal dividend payout during this period.

Also, Ken, before paying out dividends, can you please make sure those who transferred their AMC shares to you get ActiveMining shares in return before paying out dividends.
So they don't miss out on a dividend payout because of this transfer.

Cheers.

EskimoBob

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Quality Printing Services by Federal Reserve Bank

Quote from: ArcticWolf on July 09, 2013, 01:57:02 AM

.....
Talked with Ukto, and he is going to be changing this.

Just for you EskimoBob

[/quote]

Thank you, I did read it but this is only a half of the "problem".

He has a management, who owns 60% shares and if I recall correctly, they have some type of trading restrictions too.
This is where the separate locked account comes to play.

Or you can keep the shares as treasury stock until the 0.0025 is paid and then move (so it's transparent!) the shares to management accounts. What if he gets a itch to dump those at market? Remember S.DICE? It was ugly.

ArcticWolf

full member

Activity: 196

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Quote from: kslaughter on July 08, 2013, 03:47:10 PM

Quote from: neilol on July 08, 2013, 03:43:08 PM

Quote from: EskimoBob on July 08, 2013, 11:48:29 AM

Quote from: kslaughter on July 08, 2013, 10:58:16 AM

....
Well, since bitfunder does it over all the issued shares it will be over 10 million, however the dividends from the unsold shares will go into the pot for the next weeks dividends.

WHAT?! You can not pay dividends to treasury stock. Think about it for a second. This is beyond absurd if bitfunder allows this

If you have issued 1 000 shares (Shares Total in btf speak) and 100 are outstanding (not held by issuer aka issued and sold to shareholders "Shares Issued" in btf speak), profits will be divided among 100 shares and not by 1 000 shares. 900 shares are treasury stock and those have no right for dividends, voting or for anything else.

Issued shares - shares outstanding = treasury stock

If a Co buys back its own shares for whatever reason (usually undervalued on the market and Co has huge amounts of cash laying around) those shares become automatically treasury stock.

This

Talked with Ukto, and he is going to be changing this.

Just for you EskimoBob

EskimoBob

legendary

Activity: 910

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Quality Printing Services by Federal Reserve Bank

You also need to figure out, how to lock down 60% of issued shares so it will be excluded from the dividends, until 0.0025 is paid to 40% share holders.
Please talk to Bitfunder and btct.co.

You probably need to move 60% from issued shares to a special account and have it locked down and handled as treasury stock (no divs).
BTW, when (date?) can management start selling its shares on the open market?

keewee

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Quote from: burnside on July 08, 2013, 10:04:58 PM

Quote from: ArcticWolf on July 08, 2013, 10:01:48 PM

Quote from: burnside on July 08, 2013, 09:52:25 PM

Quote from: LiteBit on July 08, 2013, 09:29:27 PM

So how many companies will we have to follow as holders of AMC, VMC, AM? Seems like all are owned by Ken and feed each other. Why is one joining another and swapping into a different set of shares? Just to hit that adjusted IPO price? Is a new company going to be formed with each Fast-Hash unit that is made?

Why all the hoops?

I am a little confused as to why this couldn't be handled at the exchange level. Mergers and buyouts happen on wall street all the time and the exchanges handle things behind the scenes for the shareholders.

Ken, if you need help I'm happy to help transition everyone on AMC-PT to the new issue... That way noone gets left behind.

Cheers.

You rock burnside! Currently all of mine are on bitfunder but I'd like to have them split between the two

I just PM'd Ken and offered up the assistance of btct.co. When the new issue is approved we would lock trading on AMC-PT and transfer over all the shares to the new issue. It'd be painless for everyone involved.

Cheers.

I'm all for this. I'll be overseas until the 30th so will only have intermittent internet access. Just bad timing for me

Exocyst

sr. member

Activity: 266

Merit: 250

Science!

Quote from: bigdude on July 08, 2013, 11:37:46 PM

https://bitfunder.com/asset/ActiveMining

As I said, it happening already. As soon as AM shares are in peoples hands - they will sell and undercut the 2mil+ wall of shares at .0025

Now, the price will simply start drifting down as people cut in front of each other to sell ... boom, price will be the same as AMC.

Price will never increase so long as the wall is there.

So people hoping to buy AMC shares now, and convert to AM for a profit - will fail. The price on both AMC and AM will be the same. So no point in trying to buy AMC cheap, and profit on AM - price points will be the same

I agree your points are valid, but you may be underestimating the impact of a perceived value increase in AM regarding the increased ownership in VMC and all dividends up to 0.0025. So, we may just see a fair slice come out of the wall as new investors join up with Active Miner.

Personally, I am holding long.

Ashitank

hero member

Activity: 560

Merit: 500

Quote from: ArcticWolf on July 08, 2013, 11:53:47 PM

Quote from: Ashitank on July 08, 2013, 11:48:30 PM

Guys can any body point me to how to set-up 2nd factor on bitfunder , do I need to have a android phone which I dont , please help Embarrassed

Go to the account tab, it's in there.
Also look for "google authenticator" on the iOS App Store (if you have apple)

Sorry to be OT.

Let me rephrase my question, if I dont have a android phone & Apple Ios phone is there as way for me to set-up google 2nd factor like on windows it self.

ArcticWolf

full member

Activity: 196

Merit: 100

Quote from: Ashitank on July 08, 2013, 11:48:30 PM

Guys can any body point me to how to set-up 2nd factor on bitfunder , do I need to have a android phone which I dont , please help Embarrassed

Go to the account tab, it's in there.
Also look for "google authenticator" on the iOS App Store (if you have apple)

Ashitank

hero member

Activity: 560

Merit: 500

Guys can any body point me to how to set-up 2nd factor on bitfunder , do I need to have a android phone which I dont , please help Embarrassed

ArcticWolf

full member

Activity: 196

Merit: 100

Quote from: bigdude on July 08, 2013, 11:37:46 PM

Quote from: Streets 2.0 on July 08, 2013, 09:07:35 PM

Quote from: bigdude on July 08, 2013, 09:03:44 PM

Quote from: ArcticWolf on July 08, 2013, 08:49:51 PM

Im guessing those people selling AMC shares at under 0.0025 dont read these forums haha

Well, who is to say that just because we convert shares to the new AM, that those new AM shares are worth 0.0025 for those who want to sell.

There is already the mass 2million+ wall of shares at .0025 - https://bitfunder.com/asset/ActiveMining

The minute the transfer of AMC to AM shares take place, people will sell them at 0.00249 and undercut the wall again.

So do you think the AMC shares should be valued at 0.0025 - that is why the price of shares is less than that now.

The only thing that will make the price rise, is that AM performs and value increases, then share prices will increase naturally.

I say it in lieu of the fact that I believe the share prices will be worth a minimum that is a few factors more than the release price of 0.0025.

https://bitfunder.com/asset/ActiveMining

As I said, it happening already. As soon as AM shares are in peoples hands - they will sell and undercut the 2mil+ wall of shares at .0025

Now, the price will simply start drifting down as people cut in front of each other to sell ... boom, price will be the same as AMC.

Price will never increase so long as the wall is there.

So people hoping to buy AMC shares now, and convert to AM for a profit - will fail. The price on both AMC and AM will be the same. So no point in trying to buy AMC cheap, and profit on AM - price points will be the same

Unless you plan to buy and hold, and make the 0.0025 in dividends as promised

bigdude

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Dolphins Finance TRUSTED FINANCE

Quote from: Streets 2.0 on July 08, 2013, 09:07:35 PM

Quote from: bigdude on July 08, 2013, 09:03:44 PM

Quote from: ArcticWolf on July 08, 2013, 08:49:51 PM

Im guessing those people selling AMC shares at under 0.0025 dont read these forums haha

Well, who is to say that just because we convert shares to the new AM, that those new AM shares are worth 0.0025 for those who want to sell.

There is already the mass 2million+ wall of shares at .0025 - https://bitfunder.com/asset/ActiveMining

The minute the transfer of AMC to AM shares take place, people will sell them at 0.00249 and undercut the wall again.

So do you think the AMC shares should be valued at 0.0025 - that is why the price of shares is less than that now.

The only thing that will make the price rise, is that AM performs and value increases, then share prices will increase naturally.

I say it in lieu of the fact that I believe the share prices will be worth a minimum that is a few factors more than the release price of 0.0025.

https://bitfunder.com/asset/ActiveMining

As I said, it happening already. As soon as AM shares are in peoples hands - they will sell and undercut the 2mil+ wall of shares at .0025

Now, the price will simply start drifting down as people cut in front of each other to sell ... boom, price will be the same as AMC.

Price will never increase so long as the wall is there.

So people hoping to buy AMC shares now, and convert to AM for a profit - will fail. The price on both AMC and AM will be the same. So no point in trying to buy AMC cheap, and profit on AM - price points will be the same

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: Exocyst on July 08, 2013, 11:00:02 PM

Quote from: VolanicEruptor on July 08, 2013, 10:45:46 PM

Quote from: VolanicEruptor on July 08, 2013, 09:59:48 PM

Weird.. I transferred my shares on Bitfunder to the proper name, and I just got my shares returned to me as AMC again..
Hope this goes smooth. I'm a little worried.

Anyone else experiencing this same problem?

I had the same problem, but Ken sent me an e-mail and asked me to redo the transfer and the tender e-mail. I now have my shares of Active Mining.

I resent the shares. Hope he doesn't forget about me.

ninjaboon

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Activity: 2128

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Quote from: burnside on July 08, 2013, 10:04:58 PM

I just PM'd Ken and offered up the assistance of btct.co. When the new issue is approved we would lock trading on AMC-PT and transfer over all the shares to the new issue. It'd be painless for everyone involved.
Cheers.

burnside to the rescue. thanks!
I'm about to launch an IPO too and learning from this incident.

Exocyst

sr. member

Activity: 266

Merit: 250

Science!

Quote from: VolanicEruptor on July 08, 2013, 10:45:46 PM

Quote from: VolanicEruptor on July 08, 2013, 09:59:48 PM

Weird.. I transferred my shares on Bitfunder to the proper name, and I just got my shares returned to me as AMC again..
Hope this goes smooth. I'm a little worried.

Anyone else experiencing this same problem?

I had the same problem, but Ken sent me an e-mail and asked me to redo the transfer and the tender e-mail. I now have my shares of Active Mining.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: VolanicEruptor on July 08, 2013, 09:59:48 PM

Weird.. I transferred my shares on Bitfunder to the proper name, and I just got my shares returned to me as AMC again..
Hope this goes smooth. I'm a little worried.

Anyone else experiencing this same problem?

iCEBREAKER

legendary

Activity: 2156

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Crypto is the separation of Power and State.

Quote from: Streets 2.0 on July 08, 2013, 10:07:30 PM

Quote from: burnside on July 08, 2013, 10:04:58 PM

I just PM'd Ken and offered up the assistance of btct.co. When the new issue is approved we would lock trading on AMC-PT and transfer over all the shares to the new issue. It'd be painless for everyone involved.

Cheers.

Ken you need to take advantage of this, and bitfunder needs to take notice.. just sayin

I like painless!

BF needs to do the same, because I can guarantee not all AMC shareholders have the Google Auth required for share transfers enabled.

Streets 2.0

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Activity: 490

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FRX: Ferocious Alpha

[quo bte author=burnside link=topic=158806.msg2686925#msg2686925 date=1373339098]

Quote from: ArcticWolf on July 08, 2013, 10:01:48 PM

Quote from: burnside on July 08, 2013, 09:52:25 PM

Quote from: LiteBit on July 08, 2013, 09:29:27 PM

So how many companies will we have to follow as holders of AMC, VMC, AM? Seems like all are owned by Ken and feed each other. Why is one joining another and swapping into a different set of shares? Just to hit that adjusted IPO price? Is a new company going to be formed with each Fast-Hash unit that is made?

Why all the hoops?

I am a little confused as to why this couldn't be handled at the exchange level. Mergers and buyouts happen on wall street all the time and the exchanges handle things behind the scenes for the shareholders.

Ken, if you need help I'm happy to help transition everyone on AMC-PT to the new issue... That way noone gets left behind.

Cheers.

You rock burnside! Currently all of mine are on bitfunder but I'd like to have them split between the two

I just PM'd Ken and offered up the assistance of btct.co. When the new issue is approved we would lock trading on AMC-PT and transfer over all the shares to the new issue. It'd be painless for everyone involved.

Cheers.
[/quote]

Ken you need to take advantage of this, and bitfunder needs to take notice.. just sayin

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Quote from: ArcticWolf on July 08, 2013, 10:01:48 PM

Quote from: burnside on July 08, 2013, 09:52:25 PM

Quote from: LiteBit on July 08, 2013, 09:29:27 PM

So how many companies will we have to follow as holders of AMC, VMC, AM? Seems like all are owned by Ken and feed each other. Why is one joining another and swapping into a different set of shares? Just to hit that adjusted IPO price? Is a new company going to be formed with each Fast-Hash unit that is made?

Why all the hoops?

I am a little confused as to why this couldn't be handled at the exchange level. Mergers and buyouts happen on wall street all the time and the exchanges handle things behind the scenes for the shareholders.

Ken, if you need help I'm happy to help transition everyone on AMC-PT to the new issue... That way noone gets left behind.

Cheers.

You rock burnside! Currently all of mine are on bitfunder but I'd like to have them split between the two

I just PM'd Ken and offered up the assistance of btct.co. When the new issue is approved we would lock trading on AMC-PT and transfer over all the shares to the new issue. It'd be painless for everyone involved.

Cheers.

ArcticWolf

full member

Activity: 196

Merit: 100

Quote from: burnside on July 08, 2013, 09:52:25 PM

Quote from: LiteBit on July 08, 2013, 09:29:27 PM

So how many companies will we have to follow as holders of AMC, VMC, AM? Seems like all are owned by Ken and feed each other. Why is one joining another and swapping into a different set of shares? Just to hit that adjusted IPO price? Is a new company going to be formed with each Fast-Hash unit that is made?

Why all the hoops?

I am a little confused as to why this couldn't be handled at the exchange level. Mergers and buyouts happen on wall street all the time and the exchanges handle things behind the scenes for the shareholders.

Ken, if you need help I'm happy to help transition everyone on AMC-PT to the new issue... That way noone gets left behind.

Cheers.

You rock burnside! Currently all of mine are on bitfunder but I'd like to have them split between the two

Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 20. (Read 223316 times)