Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 47. (Read 223390 times)

AMC volume has really picked up in the last hour, what happened?
 

Makes sense to me.  I guess I should have followed my question up with what would be a reasonable time frame to give people to swap out there shares?  Just wondering, if for some weird chance someone logs in a year from now to see if their AMC investment has gone anywhere, and they no longer see AMC listed.

From a shareholder point of view, it would make no sense to be a holdout. But lets say a few unknowing people out there do not exchange their AMC shares to VMC.

1.) They would be stuck with AMC shares but cannot do anything with them because Kenneth has frozen the AMC asset
2.) They would realize their AMC share by itself is worthless because dividends are no longer coming in
3.) They CAN (and should) swap their shares at any time for VMC shares

If they do not swap, then they would be the only ones that are negatively impacted. Neither Kenneth, you, nor I have any incentive in forcing these people to swap for VMC shares. Thus nothing actually needs to be done with people who hold out.

I asked this question about uh, oh, 3 pages ago.

Gonna be some time yet before we know what ends up being the final word in this. With the drop in BTC for example, how has that effected plans?

YOU CAN'T TELL ME WHAT TO DO FOOL!  *goes to buy more AMC*

Very good!  FM, I mean this wholeheartedly when I say that I am thrilled you have come on board.  It's apparent that Ken is going to need all the help he can get from posters like you if we are going to see this succeed at the end.  Just one quick question, how would he handle the holdouts.  Surely, there will be a few who decide not to trade in 100% of their AMC for VMC.  Would they eventually become liquidated at a certain time, and the funds would then be sent to the holder's account?

This would work

I suppose you may be right, so don't buy any shares 

I believe that is the plan at the moment.  I just wanted to make sure to ask, in case Ken decided to launch a VMC offering, and not go through with the AMC acquisition.  I agree, I would prefer everything under one banner (AMC or VMC).  What am I doing?!?!  I need to go buy more shares now. 

I think I explained the loophole already. There are two issues, one pertaining to real life money and the other to us as bitcoin investors.

The real life situation is easy to resolve, Kenneth owns both VMC and AMC so to combine them into one entity should be relatively easy.

On the bitcoin end, Kenneth can claim that AMC no longer has any profit because it was bought out, thus he can stop paying dividends. Then, he can offer users a 1-1 swap of AMC shares for VMC shares followed by freezing of the AMC asset. This will make everyone with shares in AMC swap their shares for VMC, finishing the elimination of AMC.

How this would be accomplished fairly for shareholders and at a profit for Ken has been outlined by myself in previous posts, which Kenneth seems to give approval for.

I would like one entity to exist to not have to go back and forth in regards to AMC/VMC and who owns what and the percentages of profits. This is just too much headache and we have to simplify. But if two entities must exist one solution in AMC/VMC existing together is by VMC owning shares in AMC. VMC can be a division within AMC that runs sales and mining operations on a day to day basis. The VMC division will be funded by the shares sold to VMC. VMC will be paid in dividends and this will be an incentive to make more sales and to mine faster for more profits. VMC wins and can support Ken and his team. At the same time AMC shareholders win because Ken and his team will do whatever they can in their power to generate more profit for the security.

Great work tonight guys!  I think we are finally on the way towards where we need to be.  While we are waiting to hear back from Ken, could someone with a legal background look at the current AMC offering on Bitfunder to see if there is any possibility and or loophole that would allow an acquisition of VMC by AMC?  Ken has insisted that as it currently stands, there is no way for that to be done, but it would not hurt to run over it to be sure.  This would certainly be the easiest way to move forward on getting everything under one roof, but if Ken can legally not modify the contract, then we will have to go about it a different way.  Currently, the plan that is being drawn up is as following:

Ken will create a VMC offering at some point (when is anyone's guess).
Trading will continue on both offerings, AMC and VMC.
At some point, AMC holders will have the option to trade AMC shares in for an equal number of VMC shares.
We can assume that when the trade options are made available, Ken will officially announce VMC's acquisition of AMC, and will set a closing date.

Ken is still looking for feedback and suggestions from the community, so please keep them coming.  Great job guys!

Just like how Avalon, BFL or BitFury is selling their chips. AMC's website (we should get one made), group buys on the forum, website, eBay, BitMit or through authorized resellers.



https://asicminer.info/what-is-asicminer/

ASICMINER has issued 400,000 shares, and is contractually obligated to never dilute them. 163,962 of the shares are publicly owned, originally purchased during ASICMINER’s IPO on the now-defunct Global Stock Exchange (GLBSE). They were sold for 0.1 Bitcoins per share, to fund the development of the hardware, the setup of the datacenters, and all other operating expenses. The remaining 236,038 shares are owned by the corporation known as Bitfountain, which is registered in China, and operates the mining datacenters, hardware sales, share transfers, and all the other day-to-day dealings of ASICMINER.



VMC becoming AMC's division or vice versa might work out. Just like how Bitfountain and ASICMINER is under one roof. Bitfountain holds 236,038 shares out of the 400,00 which is used to pay the owners and for Bitfountain and to run both entities under one umbrella such as day to day operations, mining and making sales on hardware. There might be a way for VMC and AMC to coexist under these terms. 20m shares can be allocated for the VMC division which will run the day to day operations and make sales of the chips/machines. 20m shares for the investors to be sold. 20m to growth and development? The numbers can be discussed and changed but it might be fair it we do a 20/20/20 to make everything equal. All profits from sales/mining will be divided equally.

Another issues is the dilution of shares. This security should issue a set amount of shares and should be obligated to never dilute them. This way it keeps investors happy and dividends consistent without major changes by flooding the market with new shares.



Unsold shares should not be given dividends. Only shares that have been sold should be given profits. Nothing else to say here. Thalum pretty much covered it.



I as well as other investors would probably start investing more money into AMC on top of what we have already invested. It would also attract new investors to hope on board and join us as they would see it is a fair investment for the issuer and and the shareholder.



Ken would continue to run the business with his team (VMC). Just like ASICMINER has a team (BitFountain) to run the business that is generated by the profits from the dividends. This would keep the day to day operation running and once again all profits from sales and mining would be divided equally in shares sold/owned.

I am glad you finally listen to people's advice and merge AMC and VMC.
I keep my promise and buyback some shares.
I hope you will handle the merge carefully, otherwise I see it would cause more catastrophe.
Anyway, good luck, there gotta be a lot of work to merge the two.

The conversation Kenneth just had with us convinced me to actually buy several thousand shares. It is nice knowing that Kenneth is actually a very responsive CEO and is willing to listen to criticism and change plans to adapt.

The VMC-AMC merger is PURE VALUE ADDED to the current AMC stock, and the share price should go significantly upward.

That is either smart or foolish ... becareful

Sleep tight.

And thank you for having some interaction with your shareholders ... a welcome change

Anyone else been snacking more shares at these prices in speculation of this merger?

EDIT: I pushed the price too high btct.co now I have to wait a while.

Great, You guys keep the ideas coming, I am going to bed as I have to get up early tomorrow and meet with my management team.