Wow. An actual conversation. Color me impressed.
Yes, me too.
The recent civility on this thread is a most welcome change.
Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 51. (Read 223316 times)
Yes, me too.
The recent civility on this thread is a most welcome change.
Ok, Let say we merge AMC and VMC, who is going to run it?
Ken I was happy with you running things before. I still am.
Tell us what resources you need, I'm sure we can work something out. We all want this to succeed.
Ok, Let say we merge AMC and VMC, who is going to run it?
You?Currently don't you own both of these companies?
And to get around the issue of contracts, just have AMC "buy out" VMC for a cost of say, free (since you are the owner of both). This way, now AMC produces the chips/hardware and also sells the chips/hardware and therefor gets all the profits of said sales.
The main point you are holding right now against merging the two is that it is against the contract. Again, this can be circumvented by just having AMC buy out VMC.
Ok, that's the first step, you acknowledge that one company can be done.
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
Can't change the description, it is a contract and their are not provisions in the contract to change it.
Seriously?
Are you saying that a business/company, once formed, can't reform itself by changing its own mission/description/goals?
Seriously?
No, I am say that the description on bitfunder.com can not be changed. It is a contract between the issuer and shareholders. The only way to change it would be to close the company and liquidate it and then do a new offering.
The issuer is AMC, the shareholders are US.
They are the 2 parties to the contract.
When two parties agree, contracts CAN be changed!!!!!!!
Wow. An actual conversation. Color me impressed.
Yes, me too.
Wow. An actual conversation. Color me impressed.
Ok, Let say we merge AMC and VMC, who is going to run it?
Ok, that's the first step, you acknowledge that one company can be done.
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
Can't change the description, it is a contract and their are not provisions in the contract to change it.
Seriously?
Are you saying that a business/company, once formed, can't reform itself by changing its own mission/description/goals?
Seriously?
No, I am say that the description on bitfunder.com can not be changed. It is a contract between the issuer and shareholders. The only way to change it would be to close the company and liquidate it and then do a new offering.
This may be true, but it is exceptionally unlikely as companies listed on BTCT.CO post motions for company changes fairly often with no problem. All you need is a certain amount of share holder votes to approve a motion for change.
https://bitfunder.com/help
Ok, that's the first step, you acknowledge that one company can be done.
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
Can't change the description, it is a contract and their are not provisions in the contract to change it.
Seriously?
Are you saying that a business/company, once formed, can't reform itself by changing its own mission/description/goals?
Seriously?
No, I am say that the description on bitfunder.com can not be changed. It is a contract between the issuer and shareholders. The only way to change it would be to close the company and liquidate it and then do a new offering.
This may be true, but it is exceptionally unlikely as companies listed on BTCT.CO post motions for company changes fairly often with no problem. All you need is a certain amount of share holder votes to approve a motion for change.
This isn't listed on BTCT.CO
Ok, that's the first step, you acknowledge that one company can be done.
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
Can't change the description, it is a contract and their are not provisions in the contract to change it.
Seriously?
Are you saying that a business/company, once formed, can't reform itself by changing its own mission/description/goals?
Seriously?
No, I am say that the description on bitfunder.com can not be changed. It is a contract between the issuer and shareholders. The only way to change it would be to close the company and liquidate it and then do a new offering.
This may be true, but it is exceptionally unlikely as companies listed on BTCT.CO post motions for company changes fairly often with no problem. All you need is a certain amount of share holder votes to approve a motion for change.
If that's the case, then it would be worthwhile talking with the mods/staff at bitfunder and seeing what, if anything can be done. As I'm sure you've noticed, it's something that almost everyone here is clamouring for, and it would go a long way to soothing much of the craziness that has been going on in this thread over the past four days.
+1 I really hope that Ken will consider doing this. I personally think that this is what is holding things back, and the trolls are eating us alive over it.
Quote
To be fair. If you and AMC owns VMC, the only thing needed is to rewrite the contract and motion for share holders to alter the original contract.
I've got a horrible feeling shareholders don't have voting rights.... :/
The fact that the shares are non voting shares (in company specific issues) has nothing to do with being able to vote in listing issues such as contract changes and exchange related issues.
There are no provisions in the description for changing it, also bitfunder.com has no provisions for motions or anything else like that. The description is a contract between each and every shareholder. Now if we could get each and every shareholder to agree to the change, then I think we could do it.
If that's the case, then it would be worthwhile talking with the mods/staff at bitfunder and seeing what, if anything can be done. As I'm sure you've noticed, it's something that almost everyone here is clamouring for, and it would go a long way to soothing much of the craziness that has been going on in this thread over the past four days.
Quote
To be fair. If you and AMC owns VMC, the only thing needed is to rewrite the contract and motion for share holders to alter the original contract.
I've got a horrible feeling shareholders don't have voting rights.... :/
The fact that the shares are non voting shares (in company specific issues) has nothing to do with being able to vote in listing issues such as contract changes and exchange related issues.
Ok, that's the first step, you acknowledge that one company can be done.
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
Can't change the description, it is a contract and their are not provisions in the contract to change it.
Seriously?
Are you saying that a business/company, once formed, can't reform itself by changing its own mission/description/goals?
Seriously?
No, I am say that the description on bitfunder.com can not be changed. It is a contract between the issuer and shareholders. The only way to change it would be to close the company and liquidate it and then do a new offering.
Well can't you transfer stock options over to the new offering?
I don't know of anyway to do it, except the one above.
Ok, that's the first step, you acknowledge that one company can be done.
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
Can't change the description, it is a contract and their are not provisions in the contract to change it.
Seriously?
Are you saying that a business/company, once formed, can't reform itself by changing its own mission/description/goals?
Seriously?
No, I am say that the description on bitfunder.com can not be changed. It is a contract between the issuer and shareholders. The only way to change it would be to close the company and liquidate it and then do a new offering.
Well can't you transfer stock options over to the new offering?
Here is what is listed on the AMC profile page: "Issuer may Modify Description: Option not set."
I do not know if this is what you are saying cannot be changed, but it appears that this certainly can be.
I do not know if this is what you are saying cannot be changed, but it appears that this certainly can be.
Yes, if the description could be changed, the this would be set to yes. I other words, the description does not have
any provisions for the description to be changed.
Ok, that's the first step, you acknowledge that one company can be done.
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
Can't change the description, it is a contract and their are not provisions in the contract to change it.
Seriously?
Are you saying that a business/company, once formed, can't reform itself by changing its own mission/description/goals?
Seriously?
No, I am say that the description on bitfunder.com can not be changed. It is a contract between the issuer and shareholders. The only way to change it would be to close the company and liquidate it and then do a new offering.
Here is what is listed on the AMC profile page: "Issuer may Modify Description: Option not set."
I do not know if this is what you are saying cannot be changed, but it appears that this certainly can be.
I do not know if this is what you are saying cannot be changed, but it appears that this certainly can be.
Quote
To be fair. If you and AMC owns VMC, the only thing needed is to rewrite the contract and motion for share holders to alter the original contract.
I've got a horrible feeling shareholders don't have voting rights.... :/
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