Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 74. (Read 223316 times)

To each his own.

Thank you lewicki! I'm happy with the responses Ken has given. This gives me greater confidence going forward, however, without being smug about it, this is exactly the type of development I expected.

Everyone, please note the immediate, negative, knee-jerk comebacks after lewicki's post. There are too many people here who are not interested in the facts. They are spreading FUD, sometimes of the most ridiculous type. I mean, I can appreciate the better brand of FUD as the next man, but the rubbish originating with Megamouth and his ilk is clearly absurd.

   

Generally, I am extremely hesitant to use the ignore button, even when people annoy me repeatedly.  I'd rather hold open the possibility that I can still learning something from the dialogue.  But I admit that, in a moment of weakness, reading this thread has prompted me to expand my ignore list from 1 individual to 3.  

However, the intersection of your ignore list and my ignore list is the null set.

LOL. Couldnt have put it better.

― Neal Stephenson

Entropy-uc ignored
TheSwede75 ignored
Bitcoin Megastore ignored
rikur ignored
ThickAsThieves ignored

Where did this come from?

https://bitcointalk.org/index.php?topic=245629.20

69 bitcoins for 1 avalon, multiple by 6.

No one is halting dividends, the money collected from mining will be paid back to the investors at full over the next year

I have absolutely no idea what ken holds aside of the 20M for reinvesting,

as i said 40M shares are the only existing currently, 60M of which may or may not be added in 10 months or from what the contract says any time? I have no clue I am waiting on Ken to answer up or hopefully show up with some machines,

Everyone has brought up valid points both sides im just trying to get more information before I call it a complete failure,

Just got off the phone with Ken.

• Avalon prototype boards - They will be finished within 2 weeks. He is going to provide a scan of the documents proving that that work is under way.
• AMC's proprietary chip - He will provide a scan of the NDA, he is currently talking with eASIC, and it looks like he will be able to pay the NRE, and if not, then in installments
• Storage - Springfield Underground is currently for sale. He is looking into acquiring it to host all of AMC's mining needs when the need arises.
• Klondikes - Will be arriving within a month, 300 GH
• Avalon Chips - The engineering firm that he employed for the boards has the 60 sample chips from the 2 avalon chip bulk orders, pictures will be coming for those when he gets his hands on them within 2 weeks. There are 20,000 of them incoming. Avalon will start shipping the chips at the beginning of July. AMC has pre-orders a for a few of these, the rest will be built and mined by AMC
• Avalons purchased - Ken received the 3 remaining Avalons. Team AMC is currently hashing at 435.32 GH/s on https://www.btcguild.com//index.php?page=rankings§ion=teams
• Engineering - Ken wrote the code for the chip, which eASIC ran and found to be acceptable.
• Price - The shares at 0.0025 are going to remain there, since he values AMC above that price and thinks that it is a great value.
• When do I get my money? - 100% of the money raised for the NRE will be payed off first. Either through sales or mining.
• What is VMC? - VMC, Ken said was an afterthought. His main interest is in AMC(his baby). When he said that AMC gets first dibs on anything the VMC makes, he meant it. His plans for AMC is to buy as many mining machines AT COST from VMC and then leave the scraps for VMC to sell.
• The pricing of the machines are whack! - Whatever machines that are left over to buy will be priced competitively.
• What has AMC invested and why are there so many shares? - When a company looks for investment from say Angel Investors, they usually require 25-33% of the company's shares. Before AMC looked for money they had already invested in 6 avalons which are priced now at over $43,000 and a ROI much higher than that (data based on current auctions on bitcointalk, increase that value since AMC is already mining). So to say that 20 million shares are available for AMC after AMC had already invested a sizable amount of money into operations seems reasonable to me.
• When do I get my money? - 100% of the money raised for the NRE will be payed off first. Either through sales or mining.
• What happens after the NRE is paid off - After 100% of the NRE is paid off in the form of dividends, AMC will continue to get paid 100% of the mining dividends and 10% of sales from VMC. AMC will also activate the remaining 60,000,000 shares which represents the AMC's profits, which is perfectly reasonable since they havnt received a cent up until this point.

Pre NRE paid off

20,000,000	Shares for Investors
20,000,000	Shares for Reinvestment

Post NRE paid off

20,000,000	Shares for Investors
20,000,000	Shares for Reinvestment
60,000,000	Shares for AMC

Ken's workload is very high at the moment - among which people have expressed issues with the shopping cart on the website and needs to fix it), but he said that within the next day or so he will be posting receipts/documents that show that things are under way.

If your asking me if I 100% trust Ken, I Don't, if your also asking me if I bought in for dividends should also be a big obvious No. I bought in because I thought it would do exactly what it did which was blast up in price whether it was manipulation or not the shares are so cheap = lots of potential buyers.

Second your math seems pretty good right,

AMC capital fund:  20 000 000
Treasury shares :  32 000 000 (?)
Shareholders:       8 000 000 (?)

Treasury + share holders = 40m + AMC capital fund = 60m

to my understanding there are 40m shares that are being paid, 20m of which are in the reinvesting of equipment and 20m of which are on BTCT and Bitfunder to be bought, all 40m is getting paid dividends but at the moment most are in Ken's possession (my guess)

I have no loyalty to Kens company or any investment for that matter, but do I want my small gamble to grow absolutely I want to use that money and have fun,

at the moment there is a lot of misinformation and question I have them as well im just trying to see through it and at least do my small part since ive been doing my research.

I'd love to see the dividend calculations explained clearly.  Maybe you can do it?  A simple table would do like so:

Is this the correct way of calculating dividends?

Man i feel so fuking bad for everyone, everyone is getting angry at each other cause they need to release that anger inside about what happened and using eachother as the outlet.

This is not good for bitcoin and for the community in general.

But life is about learning and its journeys however crazy the roller-coaster ride is.

Megamouth, your posts have no value. You are spewing words that hardly form coherent sentences half the time. Why don't you go and spend your energy productively elsewhere? Perhaps you could work on your website, or take up a hobby. Maybe learn a new language?

If I were Ken, I'd be doing as Ken has done up until now. Working on building AMC to create share holder value and ignoring petulant children like yourself, because, really, you bring nothing to the table.

I expect Ken will chip in soon enough and give us his thoughts. As for explanations some seem to be demanding, the 'explanation' as to what has happened in the last few days is really quite simple. A small number of flippers decided to cash in just under the 0.0025 wall. Coincidently (   ), a lot of FUD started to appear here and elsewhere. This spooked most of the weak hands and they ran for the exits. There really is nothing more to add, other than a handful of people buying back in will drive the price back to 0.0025 with ease.

The last few days are merely a blip on the long road ahead. If you are holding AMC long term you will be rewarded. If you don't want to invest or don't have the stomach for it, go elsewhere and leave us in peace, taking any conspiracy theories and negativity with you.

There are many challenges ahead in the Bitcoin ecosystem - infighting here isn't helping anyone. Good luck to everyone.

Damn! That's almost 400 BTC worth right there, so where is the other 98% of the company value?

Where is ken slaughter?

Would it be possible for Ken to re-write the original contract and get rid of a lot of wacky text that works only in his & VMC's favor? If this happened and there would be no more price manipulation and also dilution of shares.

I would want the cap set at a lower amount of shares. 40m sounds reasonable where 50% of the revenue goes back into grow and expansion and 50% goes back in dividends to shareholders. New shares that have yet to be released should be released at the market value at the time of the release. VMC/AMC should keep things simple like ASICMINER by mining and manufacturing hardware. This way investors are happy because they are investing into 100% of the business without us funding Ken's side project (VMC). Also i think this will eliminate all the heat being put on Ken and scaring away new investors. Sound reasonable guys?

Bitcoin Megastore,

Perhaps if you put this much effort into making your business run you would actually be making money instead of begging for people to tip you, We understand you are temporarily correct as well as the few others who also called a crash, however, You can tell who is a bit more professional and who is acting like a god damn child as if this is the first time he/she has ever been correct,

I have to say Ken's setup of announcing news and building a wall was setup for failure, but my main concern is how Ken has stayed extremely quiet throughout this ordeal I am assuming he also is not pleased about the recent price disaster but Im sure it would ease some peoples minds about the recent events,

All I know is that aside of the 40m and 100m share ordeal, the 60m difference is not added for about 10 months so any math incurring the valuation of the company should be multiplied by 40m

I am still going to hold because the 20 BTC I put in was a weeks worth of dividends from AM shares and was a gamble to begin with and will end the same way, but I am holding because Ken has 6 avalons and chips on the way and from the current setup half is going to reinvesting of equipment and 20m is getting paid dividends,

Everything right now is just noise until this happens, whether or not Ken is running a scam is in question and hopefully we see some better answers but at the moment this thread is just BitcoinMegastore beating the shit out of the dead horse