@mabsark: not sure why you call me an idiot - i said nothing about AM reducing the GH value of a share by adding more - I said they were doing it by creating a second IPO that is 4% lower in price only days after the first IPO (and difficulty change has been less than that during this time), effectively underselling the buyers of the first IPO.
The rest of my comment related to the fact that the IPO for AMHash2 is actually a direct copy/paste of the AMHash1 IPO. In the details, "amhash1" and a price of "0.00125" / "1.25" are repeated several times with zero effort to make the ipo distinct. https://www.havelockinvestments.com/fund.php?symbol=AMHASH2 if you want to see yourself.
finally, its probably safe to assume that AMHash1 and AMHash2 will not be freely interchangable - so rather than actually building to the promised 5PH in AMHash1, you will now see people pointlessly trying to arbitrage against AMHash2, since both assets have the exact same value (1GH) but different prices.