Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 86. (Read 223316 times)

Am i the only one who is bothered (understatement) by him removing and adding shares just because he was a little frustrated?

Imagine this happening in the real world out there with real stocks...it's totally absurd what just happened.
In the real world after a stunt like this he would be bankrupt the next day.
Here people simply keep on buying?
Seriously?

See, TAT, when you stop with with the flippant comments, you can actually add some value to this thread. I stand by what I said, that you were promoting FUD. It wasn't the first example, I hope it was the last.

See you back here at the end of September  .

Personally I believe that at 0.0005-0.0008 AMC could very well have been a sound investment over time. I think where Ken messed up was to 'use' a new IPO @ 0.0025 to drive price up to a point where original IPO owners have massive motivation to sell, and the price is far too high to be a viable 'high risk investment' for most people.

Unless AMC desperately need the $1 million+ in fresh capital that the new IPO could lead to, it would have been far more intelligent to introduce the new shares at what was 'current market value' (Around 0.0008) and let the market set the price until proof of viability and products is available.

You are calling FUD on what Ken pretty much admitted to doing only a few posts after mine. My prior criticisms of Ken's actions are not unique either, most sensible people agree that he manipulated the price more than once, and that he issued misleading press releases. Something is not FUD just because it is a reality that you wish was false.

I do not consider AMC a competitor, nor do i delude myself that the mining space isn't rife with competition that grows daily. I'm actually happy that some coin has been diverted from other assets to this one. I have more incentive to pump this stock than hurt it, but that's not how I roll.

I'll be here in 3 months, stronger than ever. Hit me up and we'll compare notes.

Not a problem, its a great mentality to have as an investor and doing so is what separates the good from the best, hopefully we both see a great return on AMC im already pretty damn satisfied so far

BF and BTCT don't allow people to sell calls without having enough shares of the underlying asset to cover in the event the option is executed. Given your posts and thoughts on AMC I doubt you want to hold on to shares of AMC. I'm giving you the option to write me a call option without having AMC shares to back it up. All you need to do is post collateral to take my money. My 10 BTC can be yours tomorrow if you don't mind putting some ASICMINER shares or BTC in the hands of John K for a little bit. I'm even paying all the escrow fees.

I forgot that its in the intention of every business to just help people and money is not the sole motivation of any corporation listed on any market in any part of the world,

I think people are missing something here in which Asicminer and AMC have 2 different beginnings, Asicminer NEEDED capital during IPO and needed to offer BIGGER benefits for shareholders to invest, AMC put ALL of its capital for Avalons and Chips ( perhaps a small bit of investors ) to start mining and from how its going probably going to pay for the NRE out of pocket as well,

I view AMC more as a stock listed on the real world US markets that pays a small dividend of a companies profit who put up the seed money to do what it needed,

Obviously we are questioning Ken we can See Nothing!!, its all up to speculation and only time will tell what the future holds,

As I see it rally from 0.0008 to 0.0025  was way too quick & was built mainly on future plan hype bubble , A hype which may or may not live up to expectations , its good to see stocks price correct it self to reflect the the true value of the asset, Unfortunately Ken's Hyperactive decisions on Bitfunder stock issue & management don't smooth things over.

I think ken has to work on making this stock much better value for the investor asap, to start with better dividends will help than piss poor dividends right now as all other planed up stuff is lined up for sometime in future and time will tell if things pan out to plan or not.

I believe prices will go back-up but slowly.  

Please also under stand early adopters of the stock have re-cooperated their initial investment so correction was due & its good to see things move along.

Peace  

Thank you.

The day I converted USD into BTC was the day I considered that money gone. I'm trying to stay as levelheaded and unbiased as possible.

Interesting to note that with a few more people being vocal about their support for AMC, that the share price has crept slightly back up on Bitfunder. Might be a co-incidence of course, but still.

I doubt AMC will be trading at 3 BTC, I assume you are being facetious. I do expect AMC to be > 0.0025 and TAT's AM to be flat-to-depressed. Really, all this scare mongering and FUD has revealed that too many people on this board are out of their depth and should leave the serious business of investing in high risk assets to the adults. Last time I checked, Bitcoin was probably the last genuinely free market on the planet. If you don't like AMC, don't buy it. If you think it is worth some of your hard earned cash, then good luck to you. I'm invested and I'm in for the long term  .

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).

More of my notes below.

You talk about FUD and constructive dialogue and then you end with wanting to "compare AMC and AM share price"? Yeah, I bet AMC will be traded at 3 BTC in 3 months, after all that would just value the company at 3 BILLION dollars...

Think MCfly!

I'm waiting for ken's statement regarding current market price sitting well below his issued share price.

This is not looking good for AMC as they need the capital, all of it at once to start production.
The undercutting is preventing that greatly and if ken moves his share price now, many people will be angry.

What's the future for AMC right now?

As stated prior everyone should be investing only what your willing to lose, I got in at .00065-.0007 and am going to hold because so far Ken has been  fairly transparent and hasnt lied in anything that he has promised,

while it maybe a risk for investors to get in now that is probably due to the extreme run up it recently had, investing in itself is a risk and as investors like most of us are here we should understand that we can lose, I can understand some of the hate it is warranted when you are putting your money into someone but when AM first started they had no equipment and just promises similar to what we see here,

the Hate and FUD is another thing, mostly from Tradefortress and sadly TAT, while they could absolutely be correct they are literally just assuming, they also probably hold AM shares and having a competitor = a more diluted AM price, hey I can understand I am a fairly large stake holder of AM as well but it is very arrogant especially as investors to have a bias towards something, I invested simply to mitigate my risk and because the market share has room for competiton

Lewicki keeps this thread alive so I just want to thank you for the information you provide here and the time put in to create the unbiased numbers directly from what Ken has said,

Dont invest if you dont believe in Ken but me, I am going to keep buying shares with money im willing to completely lose kind of like all of my investments simply because there is a chance that Ken is being absolutely honest,

TLDR

Dont invest if you dont believe in Ken

TAT, your FUD isn't welcome here. If you had constructive input, I'd be all ears, but you have shown yourself to be a let's-smear-Ken actor several times that I can recall  . Also, you should be standing above the fray since you have a financial interest in promoting other, rival assets  . Show some integrity, won't you? You might earn others' respect then. It is too late for me, I won't be buying any of your offerings again, that is a promise.

Let's meet back here in 3 months and compare AMC/AM share price. I doubt you'll have the guts to turn up  

We all see a lot of back and forth on these threads - I'll try and say why I'm not interested in investing at this time. For those that got in at the IPO price, maybe the risk is worth it - after all, the rise to .0025 has given plenty of room to sell enough to recover the initial investment and still have "free" shares.

For those considering the current sale price, I personally think it's too high for the risk. It values AMC at $25M or 250K BTC - about 1/5 the value of AM, the 'gold standard' in BTC investment/mining/hardware operations. Assuming (large assumption) that AMC performs exceptionally well, they could possible equal this achievement and increase their value from $25M to $100M+. There are plenty of ways for this not to happen due to competition, legal issues (either individual or across the BTC securities industry), execution of product delivery, etc.

For me, the possible value of increasing my investment 4-5 fold isn't worth relatively high risk. Give me an opportunity to make 20 fold, and maybe I'd be in. I'd advise everyone to make up their own mind - I'm steering clear, for the value/risk ratio alone.

Sorry, but i'm just so amazed i have to quote this again.
This is someone we're sending 1000's of coins!
Think about it. Real hard.

Just deleting and adding shares because he is a little frustraded. In the meantime screwing around with investment of 100's of people. Just like that.
Someone like that won't own a penny of my money.

Wow wth?
I'm out. This is ridiculous.
Anyone who keeps his shares after this deserves what he will get.

I completely agree. The fact that Ken allows the discussion here to continue definitely speaks in his favor. I would like to note that despite my negative outlook on the current price, earnings expectations etc. I DO NOT believe that Ken or AMC are scamming anyone. Everyone should always do their own due diligence and invest based on that. I myself just do not see AMC being a solid investment based on the current price, but that does NOT mean I think they are actively misleading anyone and of course I could be wrong.