[AMC]-The Official Active Mining Cooperative Discussion - page 49.

bigdude

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Quote from: kslaughter on July 01, 2013, 11:13:27 PM

Quote from: bigdude on July 01, 2013, 11:12:27 PM

Quote from: kslaughter on July 01, 2013, 11:01:58 PM

Quote from: FloatesMcgoates on July 01, 2013, 10:59:52 PM

Quote from: kslaughter on July 01, 2013, 10:57:09 PM

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.

How will VMC purchase AMC? Will it buy back all the shares of AMC?

But if you did create a VMC offering, and then unite VMC with AMC under one roof, then yes this is exactly what we are all looking for. Again, it is just really important for current shareholders and potential investors like myself to see these two companies merged into one.

Yes, VMC would start purchasing AMC shares until it has all of them.

There is no need for this.

Here a simple way to do it with one announcement:

1. VMC has been shutdown
2. AMC will now be doing the mining AND sales of chips/hardware itself

Done!

Note: I know that is simplistic, but really, there is no need to complicate matters, keep them simple on purpose. Now, in the real world, you may have signed some documentation with eASIC etc ... but you can re-sign them as AMC.

That will not work! I am sorry. Sad

Because

FloatesMcgoates

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Quote from: Exocyst on July 01, 2013, 11:17:36 PM

Ken,
Could you lock the VMC IPO price at whatever the value of AMC is when trading is halted? I think this would be the safest way: then re-calculate how many shares you need to release in a VMC ipo to meet upcoming obligations. This way currently held AMC shares transferred to VMC wouldn't be de-valued by a lower IPO. You could still keep shares back for future development stages.

Does this make sense?

No, I think the idea I had posted earlier makes alot of sense and will be the fairest in terms of price swaps.

If we simply froze right now, people who bought above current market price will lose and kenneth will have to do a fair amount of math to figure out how to fairly distribute shares of VMC.

The simplest way to do this is to announce that VMC will purchase all of AMC's stock at .0025, prompting the market to react and move AMC to .0025 and then market forces will by itself normalize price at .0025. Once this equillibrium has been reached, Kenneth can halt trading and initiate the 1 for 1 swaps.

oaxaca

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Quote from: kslaughter on July 01, 2013, 11:12:42 PM

Ok, I create a VMC offering, AMC shareholder can exchange 1 share of AMC for 1 share of VMC. After the exchange period VMC will continue when
possible to purchase AMC shares on the open market until it has acquired all of AMC's shares. How does that sound?

Sounds like an opportunity to game the system. What happens to the hold-outs who don't convert?

Exocyst

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Activity: 266

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Science!

Ken,
Could you lock the VMC IPO price at whatever the value of AMC is when trading is halted? I think this would be the safest way: then re-calculate how many shares you need to release in a VMC ipo to meet upcoming obligations. This way currently held AMC shares transferred to VMC wouldn't be de-valued by a lower IPO. You could still keep shares back for future development stages.

Does this make sense?

kslaughter

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Quote from: FloatesMcgoates on July 01, 2013, 11:15:53 PM

Quote from: kslaughter on July 01, 2013, 11:12:42 PM

Quote from: SoylentCreek on July 01, 2013, 11:07:40 PM

Quote from: kslaughter on July 01, 2013, 11:03:37 PM

Quote from: SoylentCreek on July 01, 2013, 11:01:54 PM

Quote from: kslaughter on July 01, 2013, 10:57:09 PM

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.

It depends on how you write it up. Also, will AMC shareholders have options for this new offering when/if the acquisition takes place?

Good question. Yes, we should create a way for AMC shareholder to convert their shares to VMC shares. Is this what you are asking?

Yes.

Ok, I create a VMC offering, AMC shareholder can exchange 1 share of AMC for 1 share of VMC. After the exchange period VMC will continue when
possible to purchase AMC shares on the open market until it has acquired all of AMC's shares. How does that sound?

The issue here is what price point are you planning to launch VMC at?

There is actually a really good opportunity for you if you plan to launch VMC at .0025 BTC/share. This way people will come en-masse to purchase AMC up to your wall at that same price point, and you will raise all the money you wanted to raise in the first place. Once the wall has been eliminated, you can halt all trading for AMC and then have people swap shares for VMC and voila the new company is formed.

Just came up with this idea, so I have not had time to think about price. You make a very good point here.

FloatesMcgoates

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Quote from: kslaughter on July 01, 2013, 11:12:42 PM

Quote from: SoylentCreek on July 01, 2013, 11:07:40 PM

Quote from: kslaughter on July 01, 2013, 11:03:37 PM

Quote from: SoylentCreek on July 01, 2013, 11:01:54 PM

Quote from: kslaughter on July 01, 2013, 10:57:09 PM

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.

It depends on how you write it up. Also, will AMC shareholders have options for this new offering when/if the acquisition takes place?

Good question. Yes, we should create a way for AMC shareholder to convert their shares to VMC shares. Is this what you are asking?

Yes.

Ok, I create a VMC offering, AMC shareholder can exchange 1 share of AMC for 1 share of VMC. After the exchange period VMC will continue when
possible to purchase AMC shares on the open market until it has acquired all of AMC's shares. How does that sound?

The issue here is what price point are you planning to launch VMC at?

There is actually a really good opportunity for you if you plan to launch VMC at .0025 BTC/share. This way people will come en-masse to purchase AMC up to your wall at that same price point, and you will raise all the money you wanted to raise in the first place. Once the wall has been eliminated, you can halt all trading for AMC and then have people swap shares for VMC and voila the new company is formed.

kslaughter

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Activity: 476

Merit: 250

Quote from: bigdude on July 01, 2013, 11:12:27 PM

Quote from: kslaughter on July 01, 2013, 11:01:58 PM

Quote from: FloatesMcgoates on July 01, 2013, 10:59:52 PM

Quote from: kslaughter on July 01, 2013, 10:57:09 PM

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.

How will VMC purchase AMC? Will it buy back all the shares of AMC?

But if you did create a VMC offering, and then unite VMC with AMC under one roof, then yes this is exactly what we are all looking for. Again, it is just really important for current shareholders and potential investors like myself to see these two companies merged into one.

Yes, VMC would start purchasing AMC shares until it has all of them.

There is no need for this.

Here a simple way to do it with one announcement:

1. VMC has been shutdown
2. AMC will now be doing the mining AND sales of chips/hardware itself

Done!

Note: I know that is simplistic, but really, there is no need to complicate matters, keep them simple on purpose. Now, in the real world, you may have signed some documentation with eASIC etc ... but you can re-sign them as AMC.

That will not work! I am sorry. Sad

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: SoylentCreek on July 01, 2013, 11:07:40 PM

Quote from: kslaughter on July 01, 2013, 11:03:37 PM

Quote from: SoylentCreek on July 01, 2013, 11:01:54 PM

Quote from: kslaughter on July 01, 2013, 10:57:09 PM

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.

It depends on how you write it up. Also, will AMC shareholders have options for this new offering when/if the acquisition takes place?

Good question. Yes, we should create a way for AMC shareholder to convert their shares to VMC shares. Is this what you are asking?

Yes.

Ok, I create a VMC offering, AMC shareholder can exchange 1 share of AMC for 1 share of VMC. After the exchange period VMC will continue when
possible to purchase AMC shares on the open market until it has acquired all of AMC's shares. How does that sound?

bigdude

hero member

Activity: 896

Merit: 500

Dolphins Finance TRUSTED FINANCE

Quote from: kslaughter on July 01, 2013, 11:01:58 PM

Quote from: FloatesMcgoates on July 01, 2013, 10:59:52 PM

Quote from: kslaughter on July 01, 2013, 10:57:09 PM

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.

How will VMC purchase AMC? Will it buy back all the shares of AMC?

But if you did create a VMC offering, and then unite VMC with AMC under one roof, then yes this is exactly what we are all looking for. Again, it is just really important for current shareholders and potential investors like myself to see these two companies merged into one.

Yes, VMC would start purchasing AMC shares until it has all of them.

There is no need for this.

Here a simple way to do it with one announcement:

1. VMC has been shutdown
2. AMC will now be doing the mining AND sales of chips/hardware itself

Done!

Note: I know that is simplistic, but really, there is no need to complicate matters, keep them simple on purpose. Now, in the real world, you may have signed some documentation with eASIC etc ... but you can re-sign them as AMC.

FloatesMcgoates

full member

Activity: 238

Merit: 100

Do you get the feeling that having another offering with VMC and then trying to do buyouts and swaps will get too complicated?

Why not just announce that AMC has bought out VMC, there really is no difference which company buys out the other since it is just an accounting switchup on your end since you own both companies. But this way, there need not be any confusion with adding another public offering and attempting to find a good price swap point.

Having AMC buyout VMC would be pure value added for AMC, and the share price will rise substantially.

SoylentCreek

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Activity: 266

Merit: 250

Quote from: kslaughter on July 01, 2013, 11:03:37 PM

Quote from: SoylentCreek on July 01, 2013, 11:01:54 PM

Quote from: kslaughter on July 01, 2013, 10:57:09 PM

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.

It depends on how you write it up. Also, will AMC shareholders have options for this new offering when/if the acquisition takes place?

Good question. Yes, we should create a way for AMC shareholder to convert their shares to VMC shares. Is this what you are asking?

Yes.

kslaughter

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Activity: 476

Merit: 250

Quote from: hl5460 on July 01, 2013, 11:03:49 PM

Hi Ken,
1. I am a shareholder of AMC. But I advise others not to buy any AMC shares at 0.0025.
2. 0.0025*2m@BF and 0/0025*2m@BTCT. If those 4m shares are sold out as planned. You will have 10,000 BTC. What are you going to do with it. In real world, IPO usually come with detailed project feasibility report or something like that. You just threw a statement on 27th and placed 4m shares ask. We need justifications to convince us that our investment is indeed a sane one.
3. Merge will be a good idea. Otherwise share price will be always haunted by the suspicion of transmitting shareholder's interest to some individual.

The 10,000 BTC is needed for eASIC's NRE to create the Fast-Hash-One 28nm 16 GH/s chip.

Exocyst

sr. member

Activity: 266

Merit: 250

Science!

Quote from: kslaughter on July 01, 2013, 11:03:37 PM

Quote from: SoylentCreek on July 01, 2013, 11:01:54 PM

Quote from: kslaughter on July 01, 2013, 10:57:09 PM

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.

It depends on how you write it up. Also, will AMC shareholders have options for this new offering when/if the acquisition takes place?

Good question. Yes, we should create a way for AMC shareholder to convert their shares to VMC shares. Is this what you are asking.

This is a must, current share holders shouldn't have their position reduced. (he says selfishly)

hl5460

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Activity: 1621

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news.8btc.com

Hi Ken,
1. I am a shareholder of AMC. But I advise others not to buy any AMC shares at 0.0025.
2. 0.0025*2m@BF and 0/0025*2m@BTCT. If those 4m shares are sold out as planned. You will have 10,000 BTC. What are you going to do with it. In real world, IPO usually come with detailed project feasibility report or something like that. You just threw a statement on 27th and placed 4m shares ask. We need justifications to convince us that our investment is indeed a sane one.
3. Merge will be a good idea. Otherwise share price will be always haunted by the suspicion of transmitting shareholder's interest to some individual.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: SoylentCreek on July 01, 2013, 11:01:54 PM

Quote from: kslaughter on July 01, 2013, 10:57:09 PM

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.

It depends on how you write it up. Also, will AMC shareholders have options for this new offering when/if the acquisition takes place?

Good question. Yes, we should create a way for AMC shareholder to convert their shares to VMC shares. Is this what you are asking?

FloatesMcgoates

full member

Activity: 238

Merit: 100

Quote from: kslaughter on July 01, 2013, 11:01:58 PM

Quote from: FloatesMcgoates on July 01, 2013, 10:59:52 PM

Quote from: kslaughter on July 01, 2013, 10:57:09 PM

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.

How will VMC purchase AMC? Will it buy back all the shares of AMC?

But if you did create a VMC offering, and then unite VMC with AMC under one roof, then yes this is exactly what we are all looking for. Again, it is just really important for current shareholders and potential investors like myself to see these two companies merged into one.

Yes, VMC would start purchasing AMC shares until it has all of them.

This could only be accomplished via forced buyback, but the contract says there cannot be any forced buyback?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: FloatesMcgoates on July 01, 2013, 10:59:52 PM

Quote from: kslaughter on July 01, 2013, 10:57:09 PM

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.

How will VMC purchase AMC? Will it buy back all the shares of AMC?

But if you did create a VMC offering, and then unite VMC with AMC under one roof, then yes this is exactly what we are all looking for. Again, it is just really important for current shareholders and potential investors like myself to see these two companies merged into one.

Yes, VMC would start purchasing AMC shares until it has all of them.

SoylentCreek

sr. member

Activity: 266

Merit: 250

Quote from: kslaughter on July 01, 2013, 10:57:09 PM

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.

It depends on how you write it up. Also, will AMC shareholders have options for this new offering when/if the acquisition takes place?

FloatesMcgoates

full member

Activity: 238

Merit: 100

Quote from: kslaughter on July 01, 2013, 10:57:09 PM

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.

How will VMC purchase AMC? Will it buy back all the shares of AMC?

But if you did create a VMC offering, and then unite VMC with AMC under one roof, then yes this is exactly what we are all looking for. Again, it is just really important for current shareholders and potential investors like myself to see these two companies merged into one.

lewicki

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Activity: 294

Merit: 250

Quote from: kslaughter on July 01, 2013, 10:57:09 PM

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.

What would be required of current shareholders?
How many shares issued to the public/~~AMC~~VMC/Reserved?

You dont need a reinvestment fund. fold that into all of VMC's shares.

Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 49. (Read 223390 times)