FK! Bitfunder is down?
I want to cancel my bid order!
Works for me.I want to cancel my bid order!
Good luck mate
Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 71. (Read 223316 times)
Good luck mate
Anyone who doesn't see the light still I feel sorry, Get out of AMC now while you can or say bye bye to your BTC
Bitfunder down, from huge sell off.. I saw 0.0007 for a second.. weird
Bitfunder down, from huge sell off.. I saw 0.0007 for a second.. weird
FK! Bitfunder is down?
I want to cancel my bid order!
Works for me.I want to cancel my bid order!
Good luck mate
What is the best way to make this right then? What i am trying to figure out is how can Ken gain shares of AMC for his contributions.
We need to see-
1) A resolution of the VMC issue. VMC needs to be absorbed into AMC so that Ken cannot declare AMC bankrupt and walk off with all out investment capital in VMC. He could do that legally right now it seems (though I may be wrong) and he could retire on the proceeds of VMC.
2) Hard evidence. Contracts, orders, video of the AMC setup, offices, mining machines, chips.
3) We need to know more about Ken. He needs to come out of the shadows if he expects us to invest millions of dollars in him and his expertise and ideas. We don't even have a photo of the man or any hard evidence that he is a real person let alone a competent entrepreneur.
1) A resolution of the VMC issue. VMC needs to be absorbed into AMC so that Ken cannot declare AMC bankrupt and walk off with all out investment capital in VMC. He could do that legally right now it seems (though I may be wrong) and he could retire on the proceeds of VMC.4
This is the most important issue that needs to be resolved ASAP.
FK! Bitfunder is down?
I want to cancel my bid order!
I want to cancel my bid order!
An alleged scammer in the management team.
You'll have to be more specific.https://bitcointalksearch.org/topic/m.2614608
And you can find the name of Darin Carolus on the detail page of AMC-PT on btct.co
Darin isn't the first on the management team to be accused of scamming.
What is the best way to make this right then? What i am trying to figure out is how can Ken gain shares of AMC for his contributions.
We need to see-
1) A resolution of the VMC issue. VMC needs to be absorbed into AMC so that Ken cannot declare AMC bankrupt and walk off with all our investment capital in VMC. He could do that legally right now it seems (though I may be wrong) and he could retire on the proceeds of VMC.
2) Hard evidence. Contracts, orders, video of the AMC setup, offices, mining machines, chips.
3) We need to know more about Ken. He needs to come out of the shadows if he expects us to invest millions of dollars in him and his expertise and ideas. We don't even have a photo of the man or any hard evidence that he is a real person let alone a competent entrepreneur.
https://btct.co/security/AMC-PT
ORGANIZATION & MANAGEMENT
Active Mining Corporation Management Team:
Kenneth E. Slaughter, CEO/CTO
Virtual Mining Corporation Management Team:
Kenneth E. Slaughter, CEO/CTO
Gerald L. Slaughter, COO/CFO
Micha Slaughter, VP Manufacturing Operations
Darin Carolus, VP Marketing
ORGANIZATION & MANAGEMENT
Active Mining Corporation Management Team:
Kenneth E. Slaughter, CEO/CTO
Virtual Mining Corporation Management Team:
Kenneth E. Slaughter, CEO/CTO
Gerald L. Slaughter, COO/CFO
Micha Slaughter, VP Manufacturing Operations
Darin Carolus, VP Marketing
An alleged scammer in the management team.
You'll have to be more specific.https://bitcointalksearch.org/topic/m.2614608
And you can find the name of Darin Carolus on the detail page of AMC-PT on btct.co
An alleged scammer in the management team.
You'll have to be more specific. 
"Darin Carolus (magician)" Well of course, it'll take magic to turn this deal from fiction to reality! I'm fan of magic. Where do I send money?
Do you think there might be some slight of hand going on then?
An alleged scammer in the management team.
Things are getting more and more interesting for AMC.
Was the whole contract drafted by Darin Carolus?
Things are getting more and more interesting for AMC.
Was the whole contract drafted by Darin Carolus?
If Ken did pitch in his own money for the Avalon's he should just take up that much amount of shares at the IPO price of 0.0005. Then it all works out that would be his initial investment in AMC.
That's not how it works, ever, for anything. He has intellectual property, other intangibles, and he's actually running the company.
When a company goes public, the public doesn't demand exacting ratio of funds invested compared to the original investors investment.
Sheesh man.
If it does not work like that then how would it work? What is the best way to make this right then? What i am trying to figure out is how can Ken gain shares of AMC for his contributions.
If Ken did pitch in his own money for the Avalon's he should just take up that much amount of shares at the IPO price of 0.0005. Then it all works out that would be his initial investment in AMC.
That's not how it works, ever, for anything. He has intellectual property, other intangibles, and he's actually running the company.
When a company goes public, the public doesn't demand exacting ratio of funds invested compared to the original investors investment.
Sheesh man.
I don't understand why our money is handed to VMC and we take 100% of the risk but only get 10% of ANY profit in return.
I don't understand why investing in AMC is actually investing in VMC which is solely owned by Ken.
I don't understand why there is a need for the existence of VMC except to benefit Ken.
I don't understand why investing in AMC is actually investing in VMC which is solely owned by Ken.
I don't understand why there is a need for the existence of VMC except to benefit Ken.
It's not 100% of the risk first of all. Ken has by himself invested money into the company to the value of about $43,000 for the 6 Avalons currently running. Those Avalons are generating profit for the current 40,000,000 shares issued. Within a month another 300GH will be added to the AMC mining pile for dividends.
Within 2 weeks the Avalon prototype board will have been completed and when the 20,000 Avalon chips arrive in August, those as well will be added to the AMC mining array.
I dont think you understand that there are 3 sources of income for investing in AMC.
- Mining from AMC
- 100% of sales related to the eASIC chip until the NRE(shareholder buys) is paid off
- 10% sales from VMC thereafter
AMC will be paying us dividends for the Avalons, the Klondikes, the Avalon Clones, and when our chip starts being made, AMC will purchase as many machines as it can afford AT COST from VMC AND get paid for the NRE.
The machines have to be made and they have costs, the only difference is that VMC is manufacturing instead of AMC.
Take out the sales entirely and you still make back your investment several times over within a short amount of time.
Did Ken contribute the Avalons as a shareholder contribution of capital, or did he pay himself from AMC funds for the Avalons?
I asked Ken this before and there was no reply, which leads me to believe the Avalons were sold to AMC at a healthy profit for Ken.
I'd like to see documented proof of what was done.
I would like to see proof as well.
Aside from the Avalon's. If Ken did pitch in his own money for the Avalon's he should just take up that much amount of shares at the IPO price of 0.0005. Then it all works out that would be his initial investment in AMC. Everything after that has been paid for by AMC investors. 20K in Avalon chips, Klondikes, and Avalon clones all belong to AMC and it's shareholders. If AMC paid for the NRE then we will recoup the cost by mining and selling chips/hardware in the future. We will make 100% of profits off chip/hardware sales. Why do we need VMC??? Let's get rid of VMC.
I would like to know more about Darin Carolus, VP Marketing for AMC (mentioned in the details on BTCT.co)
And the accusations of him scamming clients when he was building illusions for Magicians in Reno, and apparently investigated by the Secret Service....?
http://www.magicnewzealand.com/ezine-archive/2007-Jan-to-Dec-2007/488-Apr01-2007.txt
http://www.magicnewzealand.com/ezine-archive/2007-Jan-to-Dec-2007/489-Apr08-2007.txt
http://www.magicnewzealand.com/ezine-archive/2007-Jan-to-Dec-2007/490-Apr15-2007.txt
http://www.magicnewzealand.com/ezine-archive/2007-Jan-to-Dec-2007/491-Apr22-2007.txt
http://www.magicnewzealand.com/ezine-archive/2007-Jan-to-Dec-2007/499-May13-2007.txt
Same Darin Carolus?
Read below:
Registrant:
MagicColosseum
6891 Sonterra Ln
Reno, Nevada 89523
United States
ref: http://www.themagiccafe.com/forums/viewtopic.php?topic=200093&forum=7
This site shows all the domains registered under the IP: 184.73.156.39:
http://whoisrequest.org/reverse-ip/184.73.156.39
Which include:
tahoeultimaterentals.com (Mentioned in AMC Profile)
shopping-cart-now.com (Mentioned in AMC Profile)
z4solutions.com (Mentioned in article relating to Darin Carolus)
and
darin.info
Which whois shows:
Registrant ID:CR48982096
Registrant Name:Darin Carolus
Registrant Organization:MagicColosseum
Registrant Street1:6891 Sonterra Ln
Registrant Street2:
Registrant Street3:
Registrant City:Reno
Registrant State/Province:Nevada
ref: http://whoisrequest.org/whois/darin.info
And the accusations of him scamming clients when he was building illusions for Magicians in Reno, and apparently investigated by the Secret Service....?
http://www.magicnewzealand.com/ezine-archive/2007-Jan-to-Dec-2007/488-Apr01-2007.txt
http://www.magicnewzealand.com/ezine-archive/2007-Jan-to-Dec-2007/489-Apr08-2007.txt
http://www.magicnewzealand.com/ezine-archive/2007-Jan-to-Dec-2007/490-Apr15-2007.txt
http://www.magicnewzealand.com/ezine-archive/2007-Jan-to-Dec-2007/491-Apr22-2007.txt
http://www.magicnewzealand.com/ezine-archive/2007-Jan-to-Dec-2007/499-May13-2007.txt
Same Darin Carolus?
Read below:
Registrant:
MagicColosseum
6891 Sonterra Ln
Reno, Nevada 89523
United States
ref: http://www.themagiccafe.com/forums/viewtopic.php?topic=200093&forum=7
This site shows all the domains registered under the IP: 184.73.156.39:
http://whoisrequest.org/reverse-ip/184.73.156.39
Which include:
tahoeultimaterentals.com (Mentioned in AMC Profile)
shopping-cart-now.com (Mentioned in AMC Profile)
z4solutions.com (Mentioned in article relating to Darin Carolus)
and
darin.info
Which whois shows:
Registrant ID:CR48982096
Registrant Name:Darin Carolus
Registrant Organization:MagicColosseum
Registrant Street1:6891 Sonterra Ln
Registrant Street2:
Registrant Street3:
Registrant City:Reno
Registrant State/Province:Nevada
ref: http://whoisrequest.org/whois/darin.info
Not interested in buying back until that VMC shady thing is scrapped or merged into AMC.
I would be interested in picking up double of what i have now if this was to be cleared. This is one of the major issues at hand here.
Not interested in buying back until that VMC shady thing is scrapped or merged into AMC.
What do you not understand?
I don't understand why investing in AMC is actually investing in VMC which is solely owned by Ken.
I don't understand why there is a need for the existence of VMC except to benefit Ken.
I agree and don't understand why VMC even exsists. Why do we only get 10% of the returns when we are risking 100% of our money? AMC money should be used to build AMC hardware to sell or mine with. EXAMPLE: ASICMINER
Agreed, I am wondering this as well
Why is it not one company all controlled by Ken? is there some tax avoidance plan we arent seeing here? there has to be some benefit and reason as to why there are 2 companies both run by Ken, it causes question there is obviously a reason its just who does it benefit the most,
lots of edits. same end meaning
Why is it not one company all controlled by Ken? is there some tax avoidance plan we arent seeing here? there has to be some benefit and reason as to why there are 2 companies both run by Ken, it causes question there is obviously a reason its just who does it benefit the most,
lots of edits. same end meaning
VMC (Ken) should not be benefiting at all from AMC investors money. This should be kept within AMC and it's shareholders.
Not interested in buying back until that VMC shady thing is scrapped or merged into AMC.
What do you not understand?
I don't understand why investing in AMC is actually investing in VMC which is solely owned by Ken.
I don't understand why there is a need for the existence of VMC except to benefit Ken.
The fact that one invested into X but it turned out investment will be used for Y should be a clear sign more serious shit is looming on horizon.
If shit hits the fan AMC's investors are screwed.
The fact that one invested into X but it turned out investment will be used for Y should be clear sign more serious shit is coming on horizon.
I'm no expert in company law, could AMC be declared bankrupt and Ken then quite legally run off with VMC and all it's investments and profit? After all we have no direct connection to VMC as AMC holders.
My thoughts are that AMC loses out and Ken takes money and continues to make hardware sales thus profiting for himself.
I think all these issues needs to be cleared up by Ken as soon as possible.
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