Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 58. (Read 223316 times)

So the FAQ is out, can we now give Ken some space so he can focus on making this company a success?

At this point, they dont even read other people's posts. We are beyond the point of asking to do so. I work for a living and don't have the time or inclination to be audience to this drivel.

Just want to say that I gave Ken a call last night using the number on btctc. We talked for over half an hour and he answered some questions I had as to the validity of the company. I never had any sense of a scam or fraudulent actions. Ken seems like a nice and friendly guy and I actually repurchased some shares that I had previously sold. Ken even said that he purchased some for his personal account. I know that you all might not believe me, I haven't built up a reputation on these forums at all. But I encourage you to give Ken a call yourself if you are doubting the company. I think that Ken is onto something big and with the determination that he has I think it will pay off to his investors. And yeah, he'll make a killing from it all, but he is the one doing all the work after all.

Any investment has its risks. But I'm confident that Ken is real and working hard towards something big. Don't believe me? Give Ken a call.

You just missed it by a page.

Also on the 1st page: https://bitcointalksearch.org/topic/m.1687176

I note steveioio has dropped the pretence that Ken and AMC/VMC is a scam. Everyone take a look at 'The coming flash crash in AMC' thread here:

https://bitcointalksearch.org/topic/the-coming-flash-crash-in-amc-245713

There is no smoking gun, but there are hints a better thread title would have been: 'Let's instigate a flash crash in AMC for a quick buck'

I fully expect steveioio and his cohorts will/have been buying up cheap AMC shares and will be cheering on a dramatic price recovery in the days ahead. So, if you are currently an AMC share holder, keep your wits sharp. It seems steveioio and his pals like to take the weaker hands for a ride, ensuring they are on the other side of the trade.

Thank you for the FAQ Ken but that hardly covers many of the issues raise. Now take some time and look through the countless number of pages from the last few days and make a QUESTIONS VS ANSWERS post for us. That is the least you can do for the investors and lets open up talks to the changes and how we can proceed to make those necessary adjustments. We look forward to your response within a reasonable amount of time. Hopefully by the end of the day.

More responses to pointless questions when there is a mound of extremely legitimate and pressing questions to be answered.  How's that FAQ coming along Ken?

I have nothing against you Ken, I hope that none of my posts are being taken personal in all seriousness,

I wouldnt call myself an investor simply because I havent been doing it long enough to justify calling it my career, I am just trying to do my best in figuring out if im putting my money in the right place, I would call the recent news as positive but I am still probably going to wait till I see something physical

there has been quite a mess in this thread and if you are in fact being sincere in your business plans/operations I do want the best to come of it simply from all the doubt that has been thrown your way,

Best of luck ill keep watching and will put in money when I have more information

I already have the power,  however I do not use it, because I believe in free speech.  However some users of the thread were complaining about all the trash talk, so I decided to do a poll.  Just doing the poll caused some users of the thread to delete some of their post and clean up the thread some.  I have only removed two post in this thread due to explicit profanity being used.

Nothing surprising here - hardware sales have been part of the plan from the start.

Lol, you are a funny guy steveioio, but tell me, why would I buy a machine at retail when I can buy cheap AMC shares right now for mining coins via hardware sold to AMC at cost?  

Edit: typo

Yes, this is a good idea, we don't have a sign yet, as we are still setting up.  Just received an order of cases and power supplies last week.  So we are getting there, just installed a security system also.

Most of the funds from the 5M shares sold initially went all into buying hardware already, more than a month now.

1) OK Ken we know there is an NDA as eASIC confirmed it a week ago. What we need to know is the contract and nature of the business between you and eASIC. The NDA by itself ammounts to nothing as it could be a pre-condition you have applied to talks that have yet to happen - or will never happen. I repeat - an NDA amounts to nothing without a contract.

2) Is this quote a JOKE? You have been in operations for months and taking milions of Dollars of peoples money and this quote is FIVE DAYS OLD. Simply STAGGERING.

I don't suspect the trolls will like this. However, as a shareholder (someone who has actually put a fair bit of coin into AMC), I am very glad to see some clarity on this particular point.

We have an addresses in Springfield, Missouri for VMC headquarters.

It's on a commercial industrial street surrounded by other general businesses. If there is anyone on this thread who could travel to this address and knock on the door, look for a VMC sign on the door (they need one for deliveries), ask around the neighboring business and watching comings and goings for the day then we could get an answer as to if this outfit is real or not.

I'm sure many of us here could donate some btc between us to pay travel costs to whoever is the closest. This is a large unit by the looks of it (though I can't yet locate it on googlemaps) so it must be where VMC are assembling their machines (if there are any).

Any takers? You shouldn't need back up (though it always helps) as this is a busy commercial unit street.

[AMC] Hardware discussion and F.A.Q.

So, what do shares represent? Ownership?
Shares do not represent ownership, they are "solely a distribution mechanism for rights to profits", and used as a means to liquidation.
So, I heard I am earning a lot from AMC right now, by bagging the dividends from all the unsold shares out of the 40M?
Wrong. The contract specifies that all dividends from issued shares still on AMC's hands are retained by the growth and expansion fund (the contract was originally written using correct terminology, but BF considers all shares "issued").
The first time I get a piece of the pie will be after a year of work (May 2014), when the rest of the 60M are issued. At that time, more 20M can be sold to investors, and I retain the remaining 40M.

I've read a lot of announcements, but have yet to see real documents. Can you please provide some?
Engineering Firm quote for Avalon machines: http://axs.net/AMC/SB-Prototype-Quote.jpg
eASIC NDA: http://axs.net/AMC/eAsic-NDA0001.jpg and http://axs.net/AMC/eAsic-NDA0002.jpg


So, how will the division between AMC and VMC be implemented, in respect to chip/machine sales?
Roughy, AMC takes care of the chips, VMC takes care of the machines:
- AMC develops the chip, pays the chip's NRE and sells the chip in bulk to customers (using VMC as intermediary).
- VMC uses AMC's chip (or any other chips) and builds bitcoin miners, paying a royalty cost to AMC whenever its IP is used.

Chip sales: AMC holds IP rights on the Fast-Hash-ONE chips, so AMC contracts with VMC the following services: (a) the representation services to negotiate chip production with eASIC and (b) the re-selling of AMC's chips in bulk. AMC also guarantees chip exclusivity to VMC, so that AMC won't negotiate a chip supply contract to any other bitcoin systems manufacturer. AMC gets 70% back from the profits on the sale of bulk chips, while VMC gets 30%. All of VMC's expenses, including representation, chip stock management and re-shipping expenses to final customers are taken from their 30% profit.

System sales: AMC also allows VMC to buy chips directly from eASIC at the lowest cost, for the manufacturing of bitcoin mining systems. On every sale of these systems or parts of it that contain AMC chips or IP, AMC receives a 10% royalty fee from the total gross sales revenue. Example: if a customer purchases a system for ฿100, AMC receives ฿10, whatever the profit margins for VMC are.

Everyone has been asking the same questions over and over for the last several days, I dont know why but Ken decides to not answer any of the questions and even wants to have power to manipulate the thread

There was a point brought by DaT stating that if Ken did in fact have the money to purchase all required devices / R&D why is he raising more capital, there should not be a need to have walls of 5 million and 1.6 million if Ken already had all the money to purchase everything,

frankly unless you bought in at .0025 there isnt any reason to hold AMC shares til Ken can answer clearly everything directly and prove that he does in fact have the NDA with eAsic, to many questions and not enough answers