bought 1 month ago at 0.00089999, fortunatelly only 1.2k shares
i will keep this 1 btc till bottom, till the end, till satoshi value lol.
guys bought at 0.004 have huge loss now.
early adopters at 0.0025 are panic selling now.
did something happened or forum trolls shaked some weak hands?
Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 84. (Read 223316 times)
And it's back @ 0.0008
Selling behaviour is typical of weak hands being shaken out. Note that volumes are now thin, the value of individual trades are low. A few modest buys on btct and BitFunder will drive the price back to 0.0025.
Well waits for btct to match
ouch
And it's back @ 0.0008
Ken, if eASIC already has an e-beam machine for 28nm (I know they had it for 45nm), you could ask them to quickly make a dozen chips for AMC.
It would be nice to get them in reference boards and send some to trusted community members, and get cgminer/bfgminer support rolling.
It would be nice to get them in reference boards and send some to trusted community members, and get cgminer/bfgminer support rolling.
What reference boards? Those that were supposed to be posted on VMC thread weeks ago but are still not shown? Or prototypes of those boards,
that are not posted yet? Or hand-drawn prototypes of prototypes of boards, that are not posted yet? Get your facts right. There is nothing to be
shown here when it comes to AMC or VMC hardware.
Are you delusional? Get your facts straight! The chip was designed to be a drop-in replacement for FPGA boards.
What chip? What FPGA boards? You obviously have no clue what I'm talking about so here is the link for you and alikes:
https://bitcointalksearch.org/topic/vmc-official-virtual-mining-corporation-discussion-206488
I completely agree with everything you've said even though I own a small amount of shares. Only reason I'm holding on is that I consider that single BTC completely gone already. Statements that haven't materialized and otherwise lack of proof is going to kill this security.
I don't follow this thread incredibly closely, as I don't own any shares, but if I understand correctly, Ken, AMC and VMC have all represented themselves, at one time or another, as being U.S.-based entities or businesses, presumably based in Missouri. They may have opened themselves up to legal exposure simply by offering "shares" that are niot "registered" or otherwise in compliance with federal securities or Missouri Blue Sky laws. On top of that, I have seen in this thread allegations of market manipulation, i.e., actions taken by Ken/AMC in terms of how shares have been priced and sold, that might further run afoul of those laws.
You can read more on the websites of the Missouri Secretary of State (http://www.sos.mo.gov/securities/pubs/complying_laws.asp) and the SEC (http://www.sec.gov/investor.shtml). There are also links on those websites that allow current or former shareholders of AMC to lodge complaints and bring these matters to the attention of government regulators if they wish to do so.
You can read more on the websites of the Missouri Secretary of State (http://www.sos.mo.gov/securities/pubs/complying_laws.asp) and the SEC (http://www.sec.gov/investor.shtml). There are also links on those websites that allow current or former shareholders of AMC to lodge complaints and bring these matters to the attention of government regulators if they wish to do so.
AMC is registered in Belize.
Do you think that shields Ken or AMC from legal risk? From what I've gathered, AMC is a wholly-owned subsidiary of VMC, which is itself a Delware-incorporated business with a principal place of business in Missouri. At least, that is what is stated in the May 1, 2013 Private Placement Memorandum on Bitfunder (https://bitfunder.com/asset/AMC), pages 2 & 6.
It isn't clear to me when AMC (the subsidiary) became a Belize-registered business, although I think I saw indications earlier in this thread that this happened after the initial offering of shares. But the parent company is apparently still in the U.S., operating out of Missouri. As is Ken, the mining operation, and the chip manufacturing operation, if I understand correctly.
Feeling tired of me? Excellent! If only you can become as tired as me, from seeing mindless idiots ruining anything and everything related to Bitcoin
but you can't experience that since you are one of those people.
but you can't experience that since you are one of those people.
Bitcoin isn't a family, a team, or a union—it's decentralized: the only people who can ruin it are developers and inconsiderate upgraders. I hardly see how a sticker seller is supposed to be a more well informed resource on securities. You would be wise to troll under a different moniker (if you aren't already) as I hardly see how your disrespectful attitude will drum up business for your trinkets.
Ken, if eASIC already has an e-beam machine for 28nm (I know they had it for 45nm), you could ask them to quickly make a dozen chips for AMC.
It would be nice to get them in reference boards and send some to trusted community members, and get cgminer/bfgminer support rolling.
It would be nice to get them in reference boards and send some to trusted community members, and get cgminer/bfgminer support rolling.
What reference boards? Those that were supposed to be posted on VMC thread weeks ago but are still not shown? Or prototypes of those boards,
that are not posted yet? Or hand-drawn prototypes of prototypes of boards, that are not posted yet? Get your facts right. There is nothing to be
shown here when it comes to AMC or VMC hardware.
Are you delusional? Get your facts straight! The chip was designed to be a drop-in replacement for FPGA boards.
But crap, lets take all the money out then blame him for not making a space elevator with a shoestring, that'll work. 
I though the deal is about some 3rd-party almost outdated hardware and eventualy custom ASIC, something that costs so much less than $10M+
There is no content to your criticisms. This is becoming tired. This is clearly trolling and becoming borderline sabotage. I think Ken needs to reconsider deleting at least irrelevant posts. The thread has become cluttered with your baseless accusations.
Ken, if eASIC already has an e-beam machine for 28nm (I know they had it for 45nm), you could ask them to quickly make a dozen chips for AMC.
It would be nice to get them in reference boards and send some to trusted community members, and get cgminer/bfgminer support rolling.
It would be nice to get them in reference boards and send some to trusted community members, and get cgminer/bfgminer support rolling.
Yes, I did it out of frustration and I apologize, since my expertise is engineering, I am still learning the ins and out of the Bitcoin stock market. The sell order is not going away until sold or until it's not needed anymore due to mining profits. I commit to announcing in this thread before any share price movements in the future.
I did add a few more shares that were in the account as I did not know the exact amount of shares when I canceled the sell order. If anyone remembers the exact amount, I'll re-list them as that.
I did add a few more shares that were in the account as I did not know the exact amount of shares when I canceled the sell order. If anyone remembers the exact amount, I'll re-list them as that.
I appreciate that it might be quite stressful to see nobody buying at 0.0025 (especially if you thought the news you released would have a more positive effect), but I think its best to concentrate on doing what you do best by showing people what AMC is capable of from the mining side of things, and in doing so you will build the level of trust back up, and the share price will soon follow...
We have just commited to 2 Full Racks of space at http://www.springfieldunderground.com/ after a tour this morning. We have also reserved put a 2nd reservation on 2 more racks.
Check out the link above you would not believe this place. It will take about 10 days to get everything in place and get the Avalon's moved to there new home.
Check out the link above you would not believe this place. It will take about 10 days to get everything in place and get the Avalon's moved to there new home.
More good news. Keep it up. Perhaps you could sit in one of their rooms when the stress of reading this thread starts raising your blood pressure!
On a more serious note, could you please provide any proof of this? FWIW, I do not think that traditional hosting facilities are the way to go for a mass hashing operation unless you can buy a facility on the cheap as it's being vacated.
Cheap infrastructure (space, power, cooling) needs to be top priority to be competitive long-term.
My couple of cents.
Cheers.
Moving on... Repost for those that have missed it.
Thanks!
The raised capital from those is already more than enough. Even if not a single more share is sold, and considering tough difficulty estimates, the revenue from the incoming hardware (especially the 20.000 Avalon chips) is more than enough to put AMC above the $1M mark (see last row).
Ken: the correct number of shares in BF should be 1,567,351.
.0025 Shares sold on Bifunder: 432,649
.0025 Shares sold on BTC-TC: 511,678
Total: 944,327
944323/4000000 = 0.23608075 = ~23.6 % funded
.0025 Shares sold on BTC-TC: 511,678
Total: 944,327
944323/4000000 = 0.23608075 = ~23.6 % funded
Thanks!
The raised capital from those is already more than enough. Even if not a single more share is sold, and considering tough difficulty estimates, the revenue from the incoming hardware (especially the 20.000 Avalon chips) is more than enough to put AMC above the $1M mark (see last row).
Ken: the correct number of shares in BF should be 1,567,351.
Changed the number of shares to correct amount above.
I still see the shares on Bitfunder. Oddly I now see 1.6 million, slightly higher than before.
'Still' ... just means you missed the disappearing act
Ken, I think we need an explanation of whats going on ... why did it disappear, then re-appear with more shares?
Yes, I did it out of frustration and I apologize, since my expertise is engineering, I am still learning the ins and out of the Bitcoin stock market. The sell order is not going away until sold or until it's not needed anymore due to mining profits. I commit to announcing in this thread before any share price movements in the future.
I did add a few more shares that were in the account as I did not know the exact amount of shares when I canceled the sell order. If anyone remembers the exact amount, I'll re-list them as that.
Don't do this. As as investor that bought in at 0.0005 with over 100k in shares i have seen this manipulation from Ken several times. Let the market do what it needs to do to value the shares. Just leave it alone and step back.
I am under the impression that Ken cares more about the share price on daily bases then delivery of goods.
I would have more faith if he just released all the shares at once at IPO price and let the free market do its things.
The more he tries to control and manipulate the price the more he hurts his/company reputation.
I would have more faith if he just released all the shares at once at IPO price and let the free market do its things.
The more he tries to control and manipulate the price the more he hurts his/company reputation.
I think this would have been the best idea. Maybe Ken should have released all the IPO shares initially which should have been 40,000,000 shares. Or maybe even break it down into 2 rounds and do 20m first and the other 20m at the market price of announcement.
I think that this deal could be summarized in this way:
The cca 6,000,000 shares sold (and another 14,000,000) are mainly for loan for funding R&D and production for VMC company. The risk of the loan is solely on investors in AMC.
For that 20,000,000 shares the investors are entitled to 2% of VMC's profits (AMC gets 10%, 20 mil. shares gets one fifth of that).
Also AMC has the option to buy the machines first (which is a great advantage, because the profit with mining much depends on when do you start mining compared to the difficulty) and is entitled to profits from mining (but at least 60% of the mining profits goes in Ken's pocket).
The cca 6,000,000 shares sold (and another 14,000,000) are mainly for loan for funding R&D and production for VMC company. The risk of the loan is solely on investors in AMC.
For that 20,000,000 shares the investors are entitled to 2% of VMC's profits (AMC gets 10%, 20 mil. shares gets one fifth of that).
Also AMC has the option to buy the machines first (which is a great advantage, because the profit with mining much depends on when do you start mining compared to the difficulty) and is entitled to profits from mining (but at least 60% of the mining profits goes in Ken's pocket).
I don't like this whole VMC/AMC structure. Why are we risking everything to fund VMC's hardware project? Wouldn't it be better for VMC/AMC to be one entity and manufacture hardware and mine just like ASICMINER? I've been reading this thread since day 1 and there is so much drama, confusion and lack of transparency. Why can't we just keep it simple? Wouldn't it make more sense to have VMC/AMC operate under one roof. AMC can manufacture hardware and mine. AMC can use the hardware to mine or sell it if it will generate additional income on the side just like ASICMINER. With the mining revenue and hardware sales it will to back to the shareholders in dividends. The 20m in growth and expansion fund will then be used to continue manufacturing and selling more hardware. If more shares need to be released to raise funds for more growth and expansion then those shares can be released at the market price at that time. What do you guys think? Isn't this more easier to work with? Then AMC will be able to take in profits from mining and hardware sales and the investors will be happy and it will give the company more value.
Yep, we are risking our money for small potential profit.
I want to ask what if VMC default the loan?
The issuer is unaffected because it is just a transfer of money from his left pocket to his right pocket. But to all shareholders, it is a 100% loss!
Sorry, just sold all my shares, perhaps I am a weak hand, couldn't take the huge risk for small profit.
I want to ask what if VMC default the loan?
The issuer is unaffected because it is just a transfer of money from his left pocket to his right pocket. But to all shareholders, it is a 100% loss!
Sorry, just sold all my shares, perhaps I am a weak hand, couldn't take the huge risk for small profit.
I think as shareholders we are taking the risk so the reward should be that much greater.
I don't get the part AMC is using its shareholder's money to fund the project of VMC and only get 10% royalty in return.
I don't get his either. If we the shareholders are using the money to fund a project it should be AMC's project and we should be entitled to the returns/dividends. I think at the time of the IPO only the 6 avalons were on order. The IPO funded the 20K in chips that will be used to make VMC's machines. Wouldn't it be better for AMC to fund the project to make the machines and profit from the mining and hardware sale dividends?
Well you either know what a startup is or you don't, frequently the only asset they have is an idea. Take Apple computer, at one point two hippies in a garage FFS.
What exactly are we expecting here, a fully formed multinational conglomerate for less than pennies a share? It does not happen.
We've got a little bit of substance which demonstrates progression toward stated goals, and some plans in the pipe which seem like fairly reasonable plans to realise those goals.
But crap, lets take all the money out then blame him for not making a space elevator with a shoestring, that'll work.
What exactly are we expecting here, a fully formed multinational conglomerate for less than pennies a share? It does not happen.
We've got a little bit of substance which demonstrates progression toward stated goals, and some plans in the pipe which seem like fairly reasonable plans to realise those goals.
But crap, lets take all the money out then blame him for not making a space elevator with a shoestring, that'll work.
Thank you. I needed that.
+1. Your last phrase was pure gold!
Well you either know what a startup is or you don't, frequently the only asset they have is an idea. Take Apple computer, at one point two hippies in a garage FFS.
What exactly are we expecting here, a fully formed multinational conglomerate for less than pennies a share? It does not happen.
We've got a little bit of substance which demonstrates progression toward stated goals, and some plans in the pipe which seem like fairly reasonable plans to realise those goals.
But crap, lets take all the money out then blame him for not making a space elevator with a shoestring, that'll work.
What exactly are we expecting here, a fully formed multinational conglomerate for less than pennies a share? It does not happen.
We've got a little bit of substance which demonstrates progression toward stated goals, and some plans in the pipe which seem like fairly reasonable plans to realise those goals.
But crap, lets take all the money out then blame him for not making a space elevator with a shoestring, that'll work.
Thank you. I needed that.
I don't follow this thread incredibly closely, as I don't own any shares, but if I understand correctly, Ken, AMC and VMC have all represented themselves, at one time or another, as being U.S.-based entities or businesses, presumably based in Missouri. They may have opened themselves up to legal exposure simply by offering "shares" that are niot "registered" or otherwise in compliance with federal securities or Missouri Blue Sky laws. On top of that, I have seen in this thread allegations of market manipulation, i.e., actions taken by Ken/AMC in terms of how shares have been priced and sold, that might further run afoul of those laws.
You can read more on the websites of the Missouri Secretary of State (http://www.sos.mo.gov/securities/pubs/complying_laws.asp) and the SEC (http://www.sec.gov/investor.shtml). There are also links on those websites that allow current or former shareholders of AMC to lodge complaints and bring these matters to the attention of government regulators if they wish to do so.
You can read more on the websites of the Missouri Secretary of State (http://www.sos.mo.gov/securities/pubs/complying_laws.asp) and the SEC (http://www.sec.gov/investor.shtml). There are also links on those websites that allow current or former shareholders of AMC to lodge complaints and bring these matters to the attention of government regulators if they wish to do so.
AMC is registered in Belize.
Well you either know what a startup is or you don't, frequently the only asset they have is an idea. Take Apple computer, at one point two hippies in a garage FFS.
What exactly are we expecting here, a fully formed multinational conglomerate for less than pennies a share? It does not happen.
We've got a little bit of substance which demonstrates progression toward stated goals, and some plans in the pipe which seem like fairly reasonable plans to realise those goals.
But crap, lets take all the money out then blame him for not making a space elevator with a shoestring, that'll work.
What exactly are we expecting here, a fully formed multinational conglomerate for less than pennies a share? It does not happen.
We've got a little bit of substance which demonstrates progression toward stated goals, and some plans in the pipe which seem like fairly reasonable plans to realise those goals.
But crap, lets take all the money out then blame him for not making a space elevator with a shoestring, that'll work.
Quote
So you overpaid by 0.479988? I think its just a risk that comes along with investing. You never know whats going to happen with the prices.
As long as you're planning to stick around for the long run, you should see a positive ROI
As long as you're planning to stick around for the long run, you should see a positive ROI
I think so too. You only lose money if you sell.
You may be right. But he'd make almost twice as much if he'd bought at .0005, which is the bullshit part of all this. Anyway, KSlaughter is aware that it's bullshit and is trying to fix it.
He didnt fixed, he did this again.
So kenslaughters family with 6 avalons and 20k outdated chips are worth 250$m usd now?
Family with funny domains and sites ranked in top 500 in google?
Projected huge avalon clone sales in 2014 priced at 6k usd?
Nda secret deal with company wchich made facepalm deal with crap seagate ssd cache controllers?
Please ken tell me where i am wrong and why i didnt get my stocks fixed.
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