Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 28. (Read 223316 times)
Yep, Im ready for the final draft of the full contract, lets get it looked over and get the process started
Yes, With the AM shares investors will have 40% of the profits were that only have 10% now, so in that respect it is a good deal. On top of that they will have a new company that sales hardware. AMC (Belize) owns everything, VMC is just used to keep all of the manufacturing in one place, all of the profits from VMC will go to AMC which Investor who hold the 10 Million shares get 100% of profit until the total dividends paid is equal to or greater than .0025 BTC. AMC will be sold or liquidated when the time comes. First of all, before that happens 9 Million shares will have to be tendered to AMC (Belize) before the merger can go forward. So, 90% of shareholders in AMC (Cooperative) will have to agree to the merger before it will happen.
Got it. So with AMC (Belize) owning everything, the 10m AM public shares will account for 40% of AMC (Belize). All profits (100%) from VMC manufacturing & sales will go towards AMC (Belize). All profits (100%) from the mining operation will also go towards AMC (Belize). Once all profits are funneled into AMC (Belize) the investors will get 40% (10m shares) of those profits for and management will get 60% (15m shares) in the form of weekly dividends.
By having AMC (Cooperative) sold or liquidated it will clear up any confusions or headaches for us all. I hope this can happen sooner than later. Also how would you go about voting rights for the shareholders? How would you get appoint the board of directors? Can you appoint board of directions by the number of shares owned? If a shareholder has a significant amount of stake within the company it would be a fair way to appoint those directors to help make major decisions. I look forward to some more details in regards to that now that it seems as this entity issue has been sorted out.
None of that is in the contract/offering to keep it simple. However, I would do what was in the really complex offering after this is all worked out.
Yep, this is my expectation. We could go on forever here asking questions/refining points. Everyone who isn't happy with the the ground work so far please say so now. Otherwise, let's allow Ken to present the final, detailed draft - which we can have amended if required.
Yes, With the AM shares investors will have 40% of the profits were that only have 10% now, so in that respect it is a good deal. On top of that they will have a new company that sales hardware. AMC (Belize) owns everything, VMC is just used to keep all of the manufacturing in one place, all of the profits from VMC will go to AMC which Investor who hold the 10 Million shares get 100% of profit until the total dividends paid is equal to or greater than .0025 BTC. AMC will be sold or liquidated when the time comes. First of all, before that happens 9 Million shares will have to be tendered to AMC (Belize) before the merger can go forward. So, 90% of shareholders in AMC (Cooperative) will have to agree to the merger before it will happen.
Got it. So with AMC (Belize) owning everything, the 10m AM public shares will account for 40% of AMC (Belize). All profits (100%) from VMC manufacturing & sales will go towards AMC (Belize). All profits (100%) from the mining operation will also go towards AMC (Belize). Once all profits are funneled into AMC (Belize) the investors will get 40% (10m shares) of those profits for and management will get 60% (15m shares) in the form of weekly dividends.
By having AMC (Cooperative) sold or liquidated it will clear up any confusions or headaches for us all. I hope this can happen sooner than later. Also how would you go about voting rights for the shareholders? How would you get appoint the board of directors? Can you appoint board of directions by the number of shares owned? If a shareholder has a significant amount of stake within the company it would be a fair way to appoint those directors to help make major decisions. I look forward to some more details in regards to that now that it seems as this entity issue has been sorted out.
None of that is in the contract/offering to keep it simple. However, I would do what was in the really complex offering after this is all worked out.
Wait, what does L-O_L mean?
I think the trailing ' ,' may be significant. However, could be this guy is out of our intellectual league, as in off-planet, so we might not be worthy of understanding.
Wait, what does L-O_L mean?
I'm not hot on the abbreviation being the same. I think if you really believe in yourself, be you a company or whatever, you don't have to piggyback on the success of others. Do your own thing and let the people come to you for your own merits.
But hey, its a minor thing I think in the overall scheme of things.
But hey, its a minor thing I think in the overall scheme of things.
I see where you're coming from, but this is business. Let's not forget the scale of our ambition here, which is to build the biggest bitcoin mining farm on the planet.
So, I say, 'ASICMiner, lock and load. We're coming for your coins!'
L-O_L , you made me laugh hard
btw, have fun guys trying to sort out "amc" vmc" and other useless crap created by ken to no benefit for investors
Lock and load guys, trolls r coming!
I'm not hot on the abbreviation being the same. I think if you really believe in yourself, be you a company or whatever, you don't have to piggyback on the success of others. Do your own thing and let the people come to you for your own merits.
But hey, its a minor thing I think in the overall scheme of things.
But hey, its a minor thing I think in the overall scheme of things.
I see where you're coming from, but this is business. Let's not forget the scale of our ambition here, which is to build the biggest bitcoin mining farm on the planet.
So, I say, 'ASICMiner, lock and load. We're coming for your coins!'
L-O_L , you made me laugh hard
btw, have fun guys trying to sort out "amc" vmc" and other useless crap created by ken to no benefit for investors
I'm not hot on the abbreviation being the same. I think if you really believe in yourself, be you a company or whatever, you don't have to piggyback on the success of others. Do your own thing and let the people come to you for your own merits.
But hey, its a minor thing I think in the overall scheme of things.
But hey, its a minor thing I think in the overall scheme of things.
ASICminer is clearly, and without a doubt labeled ASICMINER on BTCT.co, BF, and Havelock, as it is referred to as a general forum term as AM, simply because there has been nothing else within the realm of it. Taking into account that we want to be the organization that directly competes with ASICMINER, and Friedcat has not been quiet when it comes to ASICMINER wanting and needing competition to be able to continue to sell and deploy at high volume, then the abbreviation of AM seems EXTREMELY strategic and proper.
They are not abbreviated AM, its just used lazily on this forum, and will always require clarification because people are lazy (brings up both names). Abbreviating ourselves with the AM moniker, from a viewers stand point, will make us stand out as that second player by name, but also because we carry the competing hashrate. The only reason I decided to get into AMC is because AMC was a possible 'The' next player in mining if Ken played his cards as he had planned. Bump in the road, whether self created or not, started us with a not so good hand, but it has played out nicely because Ken has decided that he wants to open up to his shareholders and work at this collectively.
AM works
This 100%
Me too!
I'm not hot on the abbreviation being the same. I think if you really believe in yourself, be you a company or whatever, you don't have to piggyback on the success of others. Do your own thing and let the people come to you for your own merits.
But hey, its a minor thing I think in the overall scheme of things.
But hey, its a minor thing I think in the overall scheme of things.
ASICminer is clearly, and without a doubt labeled ASICMINER on BTCT.co, BF, and Havelock, as it is referred to as a general forum term as AM, simply because there has been nothing else within the realm of it. Taking into account that we want to be the organization that directly competes with ASICMINER, and Friedcat has not been quiet when it comes to ASICMINER wanting and needing competition to be able to continue to sell and deploy at high volume, then the abbreviation of AM seems EXTREMELY strategic and proper.
They are not abbreviated AM, its just used lazily on this forum, and will always require clarification because people are lazy (brings up both names). Abbreviating ourselves with the AM moniker, from a viewers stand point, will make us stand out as that second player by name, but also because we carry the competing hashrate. The only reason I decided to get into AMC is because AMC was a possible 'The' next player in mining if Ken played his cards as he had planned. Bump in the road, whether self created or not, started us with a not so good hand, but it has played out nicely because Ken has decided that he wants to open up to his shareholders and work at this collectively.
AM works
This 100%
PM can stand for Post Meridiem and it can also stand for Prime Minister.
It is actually AMC (us) and AM (them) or am I mistaken?
It is actually AMC (us) and AM (them) or am I mistaken?
This is why we should just call ourselves one name. We are AMC (Cooperative). Within AMC there is a division called ActiveMining (AM). Right now the AMC shareholders are investors for Active Mining Cooperative. Once this new offering is accepted by majority of the shareholders we will be able to swap the AMC (Cooperative) shares for AMC (Corporation) incorporated in Belize. We will become 40% shareholders in the AMC (Corporation) venture. I hope this clears up any confusion.
How about we go with the names for the company/departments/divisions in the new prospectus, but we all agree to informally refer to the complete 'entity' as... what? 'AM'? 'Active Mining'?, 'Ken's Club'?. We can really chose what we want, it then becomes convention, the understanding being the internal structure of this entity is a bit more nuanced, just like it is with many other companies.
I'm not hot on the abbreviation being the same. I think if you really believe in yourself, be you a company or whatever, you don't have to piggyback on the success of others. Do your own thing and let the people come to you for your own merits.
But hey, its a minor thing I think in the overall scheme of things.
But hey, its a minor thing I think in the overall scheme of things.
ASICminer is clearly, and without a doubt labeled ASICMINER on BTCT.co, BF, and Havelock, as it is referred to as a general forum term as AM, simply because there has been nothing else within the realm of it. Taking into account that we want to be the organization that directly competes with ASICMINER, and Friedcat has not been quiet when it comes to ASICMINER wanting and needing competition to be able to continue to sell and deploy at high volume, then the abbreviation of AM seems EXTREMELY strategic and proper.
They are not abbreviated AM, its just used lazily on this forum, and will always require clarification because people are lazy (brings up both names). Abbreviating ourselves with the AM moniker, from a viewers stand point, will make us stand out as that second player by name, but also because we carry the competing hashrate. The only reason I decided to get into AMC is because AMC was a possible 'The' next player in mining if Ken played his cards as he had planned. Bump in the road, whether self created or not, started us with a not so good hand, but it has played out nicely because Ken has decided that he wants to open up to his shareholders and work at this collectively.
AM works
PM can stand for Post Meridiem and it can also stand for Prime Minister.
It is actually AMC (us) and AM (them) or am I mistaken?
It is actually AMC (us) and AM (them) or am I mistaken?
This is why we should just call ourselves one name. We are AMC (Cooperative). Within AMC there is a division called ActiveMining (AM). Right now the AMC shareholders are investors for Active Mining Cooperative. Once this new offering is accepted by majority of the shareholders we will be able to swap the AMC (Cooperative) shares for AMC (Corporation) incorporated in Belize. We will become 40% shareholders in the AMC (Corporation) venture. I hope this clears up any confusion.
============================================================================================================================
VMC/AMC Merger
This is a Pre-Merger VMC Offering.
(This Is For Community Review Only)
The Final Offering May Be DIFFERENT
(This Document Is For Community Review Only And May Contain Errors)
Version Final 7/5/13
============================================================================================================================
Introduction
ActiveMining (AM) is a virtual identity representing all the profits of the Active Mining Corporation and is totally owned by it. The Active Mining Corporation's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC).
Currently, it is expected for interested investors to hold 10,000,000 AM shares (40% of the profits), while Active Mining Corporation owner(s) shall hold 15,000,000 AM shares (60% of the profits), for a total of 25,000,000 AM virtual shares that represent 100% of the global profits of the Active Mining Corporation.
The first 10,000,000 ActiveMining shares bought by interested investors have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid.
The issuing of more AM shares will be allowed in the future, provided there is strong economic justification, mainly on the basis of covering emergent capital needs. Existing shareholders also get the first choice for buying new shares before they are sold on the open market. The volume of new shares shall be kept at a minimum as much as possible and the pricing of them should be such that the total value of all Active Mining Corporation's assets (tangible and intangible) per AM share does not diminish, protecting shareholders as much as possible from future dilution of value.
How to buy shares
AM shares will be sold on BitFunder and BTCT.CO and any other exchange, following asset approval or exchanged of AMC shares. Existing Active Mining Cooperative (AMC) shareholders will be entitled to trade their shares for ActiveMining shares, on a 1:1 basis.
Dividend payment
The global Active Mining Corporation's income, including mining income, hardware sales via bitcoins, other cryptocoins and fiat transferred to bitcoins, will be paid to ActiveMining shareholders proportionally, when all manufacturing, maintenance, labor costs, R&D, and miscellaneous expenses are deducted. The first BTC0.0025/share dividends will only be paid to the first 10,000,000 AM shares sold, providing investors a priority in getting back 100% return of their investment.
Our chips
Generation 1: Fast-Hash. 28nm. Each chip's rated frequency is 800 MHz at 1.15V. It translates to 16,000 MH/s because it does 20 hashes per cycle. Chip requires proper handling of heat and power supply.
Our current hardware assets
- 6 Avalon miners, running on BTC Guild under "Team AMC" for around 430 GH/s.
- Order of Avalon chips from steamboat's batch #1, for 68 Klondike-16 boards, rated at 68*16*282 = 307 GH/s
- 20,000 Avalon chips (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s
In total, around 6,377 GH/s[/b].
Version Final 7/5/13
Yes, With the AM shares investors will have 40% of the profits were that only have 10% now, so in that respect it is a good deal. On top of that they will have a new company that sales hardware. AMC (Belize) owns everything, VMC is just used to keep all of the manufacturing in one place, all of the profits from VMC will go to AMC which Investor who hold the 10 Million shares get 100% of profit until the total dividends paid is equal to or greater than .0025 BTC. AMC will be sold or liquidated when the time comes. First of all, before that happens 9 Million shares will have to be tendered to AMC (Belize) before the merger can go forward. So, 90% of shareholders in AMC (Cooperative) will have to agree to the merger before it will happen.
Got it. So with AMC (Belize) owning everything, the 10m AM public shares will account for 40% of AMC (Belize). All profits (100%) from VMC manufacturing & sales will go towards AMC (Belize). All profits (100%) from the mining operation will also go towards AMC (Belize). Once all profits are funneled into AMC (Belize) the investors will get 40% (10m shares) of those profits for and management will get 60% (15m shares) in the form of weekly dividends.
By having AMC (Cooperative) sold or liquidated it will clear up any confusions or headaches for us all. I hope this can happen sooner than later. Also how would you go about voting rights for the shareholders? How would you get appoint the board of directors? Can you appoint board of directions by the number of shares owned? If a shareholder has a significant amount of stake within the company it would be a fair way to appoint those directors to help make major decisions. I look forward to some more details in regards to that now that it seems as this entity issue has been sorted out.
So, I say, 'ASICMiner, lock and load. We're coming for your coins!'
Too late, they've been dumping their coins for a week.
ASICMINER proved that they can put up enough 110nm to be 30% of the universe. It was fairly inexpensive. To maintain that market share against AM 28nm will be much tougher. Let's see in a couple of months...
I'm not hot on the abbreviation being the same. I think if you really believe in yourself, be you a company or whatever, you don't have to piggyback on the success of others. Do your own thing and let the people come to you for your own merits.
But hey, its a minor thing I think in the overall scheme of things.
But hey, its a minor thing I think in the overall scheme of things.
I see where you're coming from, but this is business. Let's not forget the scale of our ambition here, which is to build the biggest bitcoin mining farm on the planet.
So, I say, 'ASICMiner, lock and load. We're coming for your coins!'
I'm not hot on the abbreviation being the same. I think if you really believe in yourself, be you a company or whatever, you don't have to piggyback on the success of others. Do your own thing and let the people come to you for your own merits.
+1
PM can stand for Post Meridiem and it can also stand for Prime Minister.
It is actually AMC (us) and AM (them) or am I mistaken?
It is actually AMC (us) and AM (them) or am I mistaken?
I'm not hot on the abbreviation being the same. I think if you really believe in yourself, be you a company or whatever, you don't have to piggyback on the success of others. Do your own thing and let the people come to you for your own merits.
But hey, its a minor thing I think in the overall scheme of things.
But hey, its a minor thing I think in the overall scheme of things.
Do you really want to start using the name AM? The name AM has previously been heavily used in the ASICMINER context and if Active Mining Corporation starts using the same AM abbreviation it is going to create a lot of confusion between the two.
That means more eyes on our AM, and thats good business strategy
Also Asicminer is clearly labeled "ASICMINER" on all the exchanges, so there wont be that much confusion
+1
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