Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 33. (Read 223316 times)

So ... instead of simplifying things and moving from 2 companies to 1 - you introduce a 3rd one.

So now, 3 companies!  

Ken, seriously mate, you need to think things through properly, or find someone to do it for you.

Shareholders/investors are asking for ONE company, and you keep complicating things.

This does not bode well.

Just some thoughts because I am a bit confused.  It sounds like AMC and VMC merge in this scenario but ActiveMining is now created and also held by AMC?  Why now is a third company being created and issued shares?  If AM is held by owners of AMC, and AMC's business includes mining and sales, then shouldn't AMC just be where the dividends and shares are held, and why would an existing AMC shareholder trade their shares 1:1 for AM shares with AMC being the parent company?

This is just kind of sideways.



Just taking a stab at less confusion, sorry for typos


This could be backwards, I don't write asset contracts on the regular

Ken, It's better to illustrate your idea of merger like this post to clarify the confusions. It's direct and has no ambiguity.

Active Mining are not running anything right now.

I don't get it, does it look like this now?

    AMC
  ---^---
  |       |
 AM   VMC

AMC owns a 100% VMC, and owns 60% of AM?

With ASICMINER running at 110nm and Active Mining running at 28nm, it's them that should be worried.

Love your work kslaughter.

I think being in competition with ASIC Mining, Active Mining is a good name for it, anything else would seem second rate to me.

ASIC Mining is clearly ASICMINER-PT on BTC-TC and Active Mining will more than likely be AM-PT. They may be confusion if someone refers to ASIC Mining as AM, but I feel people will still refer to this as AMC even though it will be AM to differentiate.

Well maybe that would not be so bad.

It should be not called Active Mining (AM) as it is difficult to differentiate from ASIC Miner (AM)

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)

========================================================================================================================================================================================

Introduction
ActiveMining (AM) is a virtual identity totally held by the owner(s) of the Active Mining Corporation. 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%), while Active Mining Corporation owner(s) shall hold 15,000,000 AM shares (60%), for a total of 25,000,000 AM virtual Shares.

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 AM assets (tangible and intangible) per 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, following asset approval. Existing Active Mining Cooperative (AMC) shareholders will be entitled to trade their shares for AM 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 AM shareholders proportionally, when all manufacturing, maintenance, labor costs, R&D, and miscellaneous expenses are deducted.

Our chips
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.

I agree with the 4 posts above.

+1

I am in 100% agreement with the last 2 posts. If this gets sorted out properly I have more BTC to invest and I will start telling friends to put some of there net worth in to this venture.

Ideally a single company with shares ie. VMC. At worst; two companies, One with shares, the other without.

Ken, from the bolded points above, it is clear that you have mixed up what was supposed to happen ... what everyone was asking for.

AMC and VMC was supposed to be merged ... so that there is only ONE entity.

Now, you are completely changing this around so that both will still exist, and AMC will grow ??

This is completely wrong! and will bring us right back to all the issues and dramas of the last 130 pages of this thread.

You need to merge AMC into VMC, with the express intention of COMPLETELY dropping AMC from existence.

Sure, it will take sometime for all AMC shares to be swapped over, but no one is going to hold on to AMC shares on purpose when they know AMC is being closed/merged into VMC.

If you don't do this, and FIX what you have been saying for the past few pages, then we are right back where we started. Two companies, and a lot of crap in between.

Please fix it, and stop confusing/mixing sh!t up.

There will nomination's.

I think a lot of people are waiting for the merger to actually happen before making a move. I think that after the merger, AMC will lose a bit of share value while VMC will gain, because AMC will have comparatively lower dividends.

Hi Ken, could you please clear up these two things up from your community consultation document-


then a few lines later-


And-


Does this mean you are going to offer a selection of candidates (say 10) and shareholders will vote and select 7 of these 10 to become board members?

Thanks, Stuart

Excuse me lolstate but I don't understand this. 5days ago AMC were going to the moon. Accepted. Now you are saying not only are AMC shares are still going to the moon but now VMC are issuing millions of shares and they are also going to the moon. So have you just DOUBLED the performance of Kens overall enterprise?

Also, according to a few posters Ken is doing better out of this and now so are the AMC-to-VMC shareholders - so on top of Kens overall btc buisness doing twice as well as last week we are all doing twice as well from extra share value? If I have this right, can you say where all this extra added value is going to come from?