Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 85. (Read 223316 times)

Lol, I'm loving this guy! Maybe we could upload some of his opinions to YouTube. Megamouth, do you have a video camera to hand? Never, repeat, never call this trolling. This is comedy gold  .

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.

I've no idea but lets suppose AMC is a setup. If that is the case then with price so low and no demand for shares the architect would be silly to hang around much longer and would soon be bailing out never to be seen again. So I think we will know sooner rather than later if AMC is genuine. The general advice is always - risk what you can afford to loose. There are no guarantees here. If you can sell a few shares to cover all or most of your initial investment then do that so that you will atleast not loose a big wad of cash. This is high risk and the next few days will be crucial IMHO. No disrespect to anyone but we have to discuss real world possibilities that could occur. As a matter of interest do we know how much FIAT has been generated for AMC with the IPO and this latest offering? Would it be an amount worth 'disappearing with' knowing that you need a fair amount to successfully hide from the law. Again no disrespect intended but who knows if even BTC will fail. No certainties here.

Moving on... Repost for those that have missed it.


Ken: the correct number of shares in BF should be 1,567,351.

Well meaning as the criticism started. This has clearly moved on to trolling. Please increase the level of discourse. If you have a significant stake in other competing security or hardware company, then your criticisms must be taken skeptically. Otherwise, allow AMC shareholders to have a thread to discuss a security they believe enough in to invest their bitcoins.

ajk, i don't think you realize just how complex laws are in the US especially regarding "investments".

These accusations are also a bit ridiculous, if people are claiming pump and dump ken would not be setting a price to sell the shares nor announcing that what he is doing, do some of you play the real markets? because CEOs and chair/board members buy and sell massive amounts of shares all the time, If Ken was pumping and dumping wouldnt he want to announce better news than what he said and then crash the price? isnt this what a pump and dump is?

it would be different if ken was accepting money and then paying old investor dividends with new money because then this would be a ponzi scheme but we are buying shares in a mining operation, we know he has guaranteed income, as long as the person running it is trustable the company should in theory do fine

Ken has not lied about anything he has said in the past and if you remember he was so excited to give the news he forgot the avalons were even coming (or he just was short on time), buy or sell do what you will but I guess the bets are set for 3 months to see whose outperforming who, I could care less since I own shares in both AM and AMC,

edit : not attacking superduh just saying in general that seems to be what the claim is or price manipulation but given bitcoins nature you can say the same for every security available,

Yup im stupid, I did the same thing while I was buying bitcoin which was investing in something that I thought had a chance,

Knife catching and buying things that people think have no hope is risky but brings the most reward, your entitled to your opinion but Im going to keep doing what im doing,

TBH, regardless of if Ken delivers in the hardware part of things (also, regardless of his previous strange predictions in his press releases)
reading all this and him being based in the US i wouldn't be surprised if he had many non-technical challenges that are coming his way - lawsuits, sec etc

Why dont you let us be insane then, That is what Everyone told me when I was buying BTC for 2-4 dollars but guess whose laughing now?

In the real world, one becomes a bankrupt, heavily persecuted bastard like Jon Corzine. Oh wait...

Thanks stereo  . We need to make sure people reading this thread realise there are many people here who are bullish for AMC's prospects. Ken has admitted several times before that he is no PR guru and has made mistakes pulling walls etc. It is to his credit that he allows the criticism and FUD posts to remain, since he has said he believes in free speech.

Maybe Ken would benefit from some help with the PR so he can concentrate on the engineering and business side. However, at this point, a slicker public facing AMC wouldn't change my opinion. I have studied this thread closely and pondered Ken's actions and I am confident AMC will deliver.

No, i'm in this thread and looking at what Ken did.

Omg, proof that the NDA exists!  

Unbeknownst to most of you, Ken did have opportunity to have more experienced fellas help him. That help was denied and the preliminary advice was largely ignored.

Not sure if this is positive or not but I emailed the COO or CEO Stanley Wong of E-Asic and he has said that Ken and E-Asic are under a NDA

Bitcoin isn't today's 'real world' and won't be any time soon. It is the fecking Wild West. Until things settle down, maybe you should check out the NYSE or FTSE. Seriously, good luck with that, though. I'm through with all the corruption, rent-seeking and market manipulation in the so called 'real' economies. Bitcoin gives us the chance to escape from that, and while it will be painful building it up, the prospect is we end up with something much better, much more honest .

You should read the 100TH thread and see what Tytus, the issuer, did.

Bottom line: engineering prowess does not mean stock market prowess.

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.

You go lolstate  

You dont look like you need the support, but looking back at my posts will show you are not alone