Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 32. (Read 223316 times)

^^ This and 100% of shares should be publicly listed and visible on an exchange.

Or if it is going to be a parent company with 2 subsidiaries, possibly add a section to the contract such as:


Im not a professional contract writer, so Im sure that can be translated into legal speak for the actual contract.

***MY VERSION OF WHAT THE CONTRACT SHOULD LOOK LIKE**

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)

**STRUCTURE**

   ENTITY NAME
   -----^-----
  |               |
 40%          60%
PUBLIC       MGMT
OWNED      OWNED

40% of the shares will be sold to the public (10m shares)
60% of the shares will be held privately by management (15m shares)

-----------------------------------------------------------------------------------------------------------

Introduction
The ENTITY NAME HERE (VMC) business includes cryptocoin mining and sales of self-built ASIC devices. The public will hold 10,000,000 shares (40%), while ENTITY NAME (VMC) owner(s) shall hold 15,000,000 shares (60%), for a total of 25,000,000 shares (100%).

The issuing of more 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 assets (tangible and intangible) per share does not diminish, protecting shareholders as much as possible from future dilution of value.

How to buy shares
ENTITY NAME HERE (VMC) shares will be sold on BitFunder and BTCT.CO, following asset approval. Existing Active Mining Cooperative (AMC) shareholders will be entitled to trade their shares for ENTITY NAME HERE (VMC) shares, on a 1:1 basis.

Dividend payment
The income, including mining income, sales via bitcoins or other cryptocoins and fiat income transferred to bitcoins, will be paid to shareholders proportionally, when all manufacturing, maintenance, labor costs, R&D, and miscellaneous expenses are deducted.

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 hashs per cycle. Chip requires proper handling of heat and power supply.

***MY VERSION OF WHAT THE CONTRACT SHOULD LOOK LIKE**

You can fill in the ENTITY NAME with the name of your choice. I am guessing it will be VMC. AMC will eventually cease to exist. If you want to call the 40% of the shares a "division" of VMC called Active Mining, AMC or whatever you feel is a good name for that division/dept then so be it. I believe this is close how ASICMINER is structured. BitFountain would be equivalent to what would be VMC (60% privately held by owners) in this contract and the 40% of the shares that is sold to the public would be ASICMINER which would be Active Mining or any name of your choice if you wanted to distinguish public vs private shares. But the important thing is that we would be one entity with a total of 25m shares (10m for public and 25m for private).

I think this is more what what we are looking for. ONE ENTITY. This should clear up any confusion. Let me know if you guys are on board with this revision. You should build on top of this Ken if the other shareholders agree to my revision.

Haha, thankfully I got out earlier but now I think im going to buy some cheap shares back.

It seems as though people just dont understand the new contract with the new entity "ActiveMining", the way I read it is that "ActiveMining" becomes what AMC is now, that is the mining only side of the operation. This is while the current AMC becomes the combined AMC+VMC company, as you can see when Ken typed (Emphasis mine)

Ken is on a mini vacation at the moment.

I am confident he will really sort things out once he gets back. A clear concise overview of what is happening and then a detailed breakdown of whats happening would really ease my mind and maybe those of the skeptics. Dumping now (weak hands) will only net small gains, look for the long term.

Only the weak hands. My only regret is that my coins are tied up or Id be grabbing these cheap shares

Stock prices are falling already. Investors are giving up...

Omg, crashing

I agree with you, this is not a good thing, just to make things more complicated. You need to know: Your remarks and any one wrong decision will cause the stock price fell, which we support your people is a bad luck. I suggest you integrate together. Do not split into three companies, and it's really annoying!

Dream of becoming Asicminer 2.0 fulfilled just by copying the contract of Asicminer!

I'm curious about the last div, 0.00000139, for 100m shares they earned 139BTC for the week?

That's 20BTC a day?

Where did they even earn 20BTC a day from?

I did sell, at 0.00249999, you probably saw me sitting in the queue.

I'm just sad I didn't get more at 0.0008 dip to sell again now.

And then check back in 2 months. My bet is you will be sad you sold.

sell then

I'm pretty sure this scam is coming to an end now.

A subsidiary type setup is very common in the business world. I dont understand why people are so upset by this setup?

just because he's learning doesn't mean he will fail

I kind of have to agree, his post made me put up sell orders