The contract looks good, you should proceed with the offering
Yes, that is coming, I am on vacation until tomorrow. So a few things need to be set up first.
Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 27. (Read 223316 times)
Yes, that is coming, I am on vacation until tomorrow. So a few things need to be set up first.
The contract looks good, you should proceed with the offering
Yep, Im ready for the final draft of the full contract, lets get it looked over and get the process started
This is the full contract to keep it simple. However, if the community wants more details added, I can do that.
This thread is growing fast and if you did answer, sorry for asking again.
1) What is the current shareholders equity in the final merged Co?
2) How much money did the management invest to AMC VMC?
3) Are you going to publish proper financial reports reflecting the current situation? When?
When the current shareholders swap their shares for AMC (Belize) then if fully taken up, then the current shareholders will own 40% of the merge co.
Management, has invested in the 6 Avalon's, which were purchased in February 2013. These Avalon's are currently producing between 14-6 bitcoins per day. At the current value of
bitcoins this give them a value @ a 5% capitalization rate of $2,482,000 using 50% of the revenue. Of course this all depends on the difficulty and the exchange rate for bitcoins.
AMC will be publishing reports before the 15th of July.
Yes, the AMC shares swapped for AM shares get 100% of profits until .0025 is paid per share. Since there are a lot of ppl selling them cheap right now, you can grab some easily!
Now that makes me sad in a way, cause I thought my holdings were a lot, guess not lol
Two questions:
1. How many shares are already issued for AMC? ie. how many AMC shares already owned by investors?
2. With the new AM structure, where 1:1 swap of shares will take place - how many shares will be left over to release to raise more capital?
My concern here, is what if more $$ is needed to get the new hardware online, but there are no more shares available to issue to raise capital? What is the plan there?
1. How many shares are already issued for AMC? ie. how many AMC shares already owned by investors?
2. With the new AM structure, where 1:1 swap of shares will take place - how many shares will be left over to release to raise more capital?
My concern here, is what if more $$ is needed to get the new hardware online, but there are no more shares available to issue to raise capital? What is the plan there?
~6 Million shares have been issued. There will be no more shares to issue, however the contract does allow us to issue more if needed.
Great! Thanks for the update Ken.
Yep, Im ready for the final draft of the full contract, lets get it looked over and get the process started
This is the full contract to keep it simple. However, if the community wants more details added, I can do that.
This thread is growing fast and if you did answer, sorry for asking again.
1) What is the current shareholders equity in the final merged Co?
2) How much money did the management invest to AMC VMC?
3) Are you going to publish proper financial reports reflecting the current situation? When?
Two questions:
1. How many shares are already issued for AMC? ie. how many AMC shares already owned by investors?
2. With the new AM structure, where 1:1 swap of shares will take place - how many shares will be left over to release to raise more capital?
My concern here, is what if more $$ is needed to get the new hardware online, but there are no more shares available to issue to raise capital? What is the plan there?
1. How many shares are already issued for AMC? ie. how many AMC shares already owned by investors?
2. With the new AM structure, where 1:1 swap of shares will take place - how many shares will be left over to release to raise more capital?
My concern here, is what if more $$ is needed to get the new hardware online, but there are no more shares available to issue to raise capital? What is the plan there?
~6 Million shares have been issued. There will be no more shares to issue, however the contract does allow us to issue more if needed.
The 10M shares are all of the investor shares in the new company - including those that do the swap from AMC, so I would say those that swap are included in those that get 100% of the divs
I can't argue with that logic. Hope you're right - sounds like this could end up a fantastic deal for everyone after all.Yes, the AMC shares swapped for AM shares get 100% of profits until .0025 is paid per share. Since there are a lot of ppl selling them cheap right now, you can grab some easily!
The 10M shares are all of the investor shares in the new company - including those that do the swap from AMC, so I would say those that swap are included in those that get 100% of the divs
I can't argue with that logic. Hope you're right - sounds like this could end up a fantastic deal for everyone after all. 
If this point has been addressed I haven't seen it: for the first 10M shares that get 100% of the dividends, does that include AMC shares that have exercised the 1:1 swap? This is an important distinction. If not, that seems like a major screwing of the previous IPO investors like myself.
The 10M shares are all of the investor shares in the new company - including those that do the swap from AMC, so I would say those that swap are included in those that get 100% of the divs
If this point has been addressed I haven't seen it: for the first 10M shares that get 100% of the dividends, does that include AMC shares that have exercised the 1:1 swap? This is an important distinction. If not, that seems like a major screwing of the previous IPO investors like myself.
Two questions:
1. How many shares are already issued for AMC? ie. how many AMC shares already owned by investors?
2. With the new AM structure, where 1:1 swap of shares will take place - how many shares will be left over to release to raise more capital?
My concern here, is what if more $$ is needed to get the new hardware online, but there are no more shares available to issue to raise capital? What is the plan there?
1. How many shares are already issued for AMC? ie. how many AMC shares already owned by investors?
2. With the new AM structure, where 1:1 swap of shares will take place - how many shares will be left over to release to raise more capital?
My concern here, is what if more $$ is needed to get the new hardware online, but there are no more shares available to issue to raise capital? What is the plan there?
If more $$ needs to be raised, there is an open door left for creating more shares in the case all other options are exausted, so that AM never gets in a deadlock situation unable to move forward.
I am very happy with the latest and simplified contract!
Two questions:
1. How many shares are already issued for AMC? ie. how many AMC shares already owned by investors?
2. With the new AM structure, where 1:1 swap of shares will take place - how many shares will be left over to release to raise more capital?
My concern here, is what if more $$ is needed to get the new hardware online, but there are no more shares available to issue to raise capital? What is the plan there?
1. How many shares are already issued for AMC? ie. how many AMC shares already owned by investors?
2. With the new AM structure, where 1:1 swap of shares will take place - how many shares will be left over to release to raise more capital?
My concern here, is what if more $$ is needed to get the new hardware online, but there are no more shares available to issue to raise capital? What is the plan there?
Latest version looks good to go.
+1 for support on that.
+1 for support on that.
My understanding is that VMC will just be an internal department of the new AM - essentially the same as a company that has a sales department and a manufacturing department. Keeping this department called VMC allows all the existing contracts with third parties that were signed as VMC to still be valid. Having to go back and redo all of those contracts would delay production IMO
It was a bit of a bumpy road but I am happy with this current contract.
Im happy with that as the contract, the simpler the better. You could possibly make a public google doc with with the additional stuff (details on the deal with easic, the fast hash series stuff and current mining details etc) later on, but the contract itself is great.
Yep, Im ready for the final draft of the full contract, lets get it looked over and get the process started
This is the full contract to keep it simple. However, if the community wants more details added, I can do that.
Wow, I'm digging your style.
Ok, I'm happy with what I have seen. If anyone wants modifications, now is the time to say. Please be aware that it isn't 'proper' to have long, complex contracts just because 'that's the way they are supposed to be'. It doesn't really benefit anyone other than lawyers, so let's keep it as simple as possible!
If we can wrap this up in fewer words, it benefits all of us. 
KISS is an acronym for "Keep it simple, stupid" as a design principle noted by the U.S. Navy in 1960.[1][2] The KISS principle states that most systems work best if they are kept simple rather than made complex; therefore simplicity should be a key goal in design and unnecessary complexity should be avoided. The phrase has been associated with aircraft engineer Kelly Johnson (1910–1990).[3] The term "KISS principle" was in popular use by 1970.[4] Variations on the phrase include "keep it stupid simple", "keep it short and simple", "keep it simple sir", "keep it super simple", "keep it simple or be stupid", "keep it simple and stupid", "keep it simple and straightforward", "keep it simple and safe", "Keep it simple student", "keep it simple, silly", "keep it simple and sincere" or "keep it simple and secular."[5][6]
Let's have this business done and allow Ken to crack on.
Let's have this business done and allow Ken to crack on.
Yep, Im ready for the final draft of the full contract, lets get it looked over and get the process started
This is the full contract to keep it simple. However, if the community wants more details added, I can do that.
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