I still have trouble grasping as to why shares rose from 0.0008 to 0.0025. 300%+ increase, just from speculation of an announcement, and ken issuing more shares all seems like an coincidence.
Could he and many that were involved in pumping the price up just so the newly issued IPO could be sold for a much higher price (0.0025) as opposed to 0.008+ or 0.001 which was what ken has noted in the past.
Investing into something bears a certain amount of risk. Anyone that bought a while ago at a small price had to bear a significant risk. Tomorrow we'll know if the price of 0.0025 is justified or not by the remaining risk. Is the risk now 3 to 5 times smaller? We'll know tomorrow, I guess.  Nicely put, and the answer is yes.  |
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SPRINGFIELD, MO, – June 26, 2013 – Active Mining Corporation (AMC) is announcing today the release of 2,000,000 shares at a price of 0.0025, in preparation for tomorrow's announcement concerning recent developments in their Research and Development program. The decision to release 2,000,000 today was made to resume the gathering of necessary funds for NRE costs, as soon as possible. Active Mining Corporation is a Belize International Business Company DBA Active Mining Cooperative (AMC).
Very Smart move Sir.  Necessary, i would have thought. Too high too fast gets the uninitiated exposed, me thinks. We saw it when people wanted refunds from .0009 to .0005 P.S. Can someone stand at the Ask wall, and politely move along those sellers getting in the way, please. Thankyoumuch. |
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Deal agreed with Stereotype.
We're using JohnK for Escrow and I will pay associated Escrow fees for JohnK.
I will update once successful.
Confirm post. |
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It makes me happy that amc price is rising but my AM shares are going down now...
If the current PUT options at 2.237 (BTCT.CO) were longer than 2 days, i would have them. |
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Currently have 4X 5BTC lots to sell @ Gox Mid Price (GBP).
Check my posts for rep, ask Projects, or use John K if you wish (you pay escrow fee).
UK Bank Transfer only. Im around all day today, so will send as soon as funds are visible.
Cheers
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SPRINGFIELD, MO, – June 26, 2013 – Active Mining Corporation (AMC) is announcing today the release of 2,000,000 shares at a price of 0.0025, in preparation for tomorrow's announcement concerning recent developments in their Research and Development program. The decision to release 2,000,000 today was made to resume the gathering of necessary funds for NRE costs, as soon as possible. Active Mining Corporation is a Belize International Business Company DBA Active Mining Cooperative (AMC).
Timer removed. End time: 2013-06-27+18:00:00
Some liquidity for the buyers  Lets hope people can let the wall be bought. |
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SPRINGFIELD, MO, – June 26, 2013 – Active Mining Corporation (AMC) is announcing today the release of 2,000,000 shares at a price of 0.0025, in preparation for tomorrow's announcement concerning recent developments in their Research and Development program. The decision to release 2,000,000 today was made to resume the gathering of necessary funds for NRE costs, as soon as possible. Active Mining Corporation is a Belize International Business Company DBA Active Mining Cooperative (AMC).
Im happy with that. |
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Hi Ken, I guess many people want to know how you are going to set the IPO price for AMC-PT in BTCT? and when?
Im sure that will come out in good time. Until then, shall we have fun speculating the/an IPO price? This is my very crude and utterly flawed logic!.... Ken wrote this @ .0008....... "IMHO I think it is undervalued by 15X to 25X." Im taking the lower X, and dividing by 3 (5X). That gives us .004, which just happened to be touched some hours ago and retreated, AND is around 10% lower than some call options currently on offer. |
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Carnth, have you considered Havelock's HIM fund lately? While it is referred to as a "fund", it operates more or less like Cognitive and bASIC-mining, although I suppose technically based on the prospectus the equipment is owned by Havelock Investments and not the fund's unitholders, so perhaps it does not meet MiningCo's selection criteria. (I will say though, that in bitcoinland it seems that proven trustworthiness and transparency are more valuable than apparent legal "rights".)
You are correct that MiningCo.ETF's asset contract specifies where ownership of equipment lies with the shareholders. I'm not opposed to new assets to include in the fund but HIM would require MiningCo.ETF's asset contract to be changed. And that would mean a Motion. Any other MiningCo.ETF shareholders interested? Would you vote "yes" to allowing underlying mining assets where shareholders do not own the equipment? I originally put "shareholders own equipment" in the contract because it gives some inherent value to the underlying asset. The asset is valued for the equipment and the dividends it generates. Other mining assets can only be valued for the dividends they generate. Which is not a bad thing. But that's the difference between a mining stock and a PMB (perpetual mining bond). I think as long as you can assure potential/shareholders that MININGCO will stay away from the likes of Virtualmine, until you can buy in at a pre defined dividend %, i see no problem. EDIT: Nicely managed and presented, BTW. |
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Ukyo: there seems to be a pretty bad bug with the website. If you place an order (buy or sell) in the order book while on the "buy/sell shares" tab of any security, and then hit refresh in your browser, it will attempt to send through the order again. Obviously, if someone does this and doesn't notice, it can have bad consequences for them.
Also, the balance does not auto update after you buy or sell. I have to refresh the whole page again, to display/use my correct balance. |
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What are your thoughts on ASICMINER against AMC.
AMC is due for an announcement, and AMC stock rose way over 60% within hours
AMC is a personal ATM for Kslaughter and nothing else. I have explained that many times. All the benefits of the shares go to his independent company VMC which you don't own. Plus he is selling the shares at ~35 times the value of the company. Just to put icing on the cake, he has been caught manipulating the share prices. Or, people can make their own mind up, by clicking 'details'.... https://btct.co/security/AMC-PT |
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"The recouped NRE and royalty payment from VMC will be used to make AMC the largest Bitcoin Mining Farm in the world." That line alone, does it for me. |
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Where did all those lovely call options go, all of a sudden?  |
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Yes, that is the main point/issue.
Im also considering how it must feel for established and experienced operators, to know that their venture could be decided by an 18 year old, who currently has shown themselves to have questionable judgement.... he is 18, of course his judgement is going to let him down! Despite the fact that he is a smart cookie, who has attempted to right a wrong, and will surely go far, why afford him that much influence? He owns enough share to have the right to vote, that's it. Frankly, he apologized and showed himself genuinely sorry. What he did was wrong, he knows it, he won't do it again, what can he do more ? He made a mistake, everybody does mistakes. Next mistake will be fatal of course, but I'm pretty confident he learned a lesson kind of the hard way. He cant do any more. Its no longer about him. Unless Ken has an opinion, best we leave it there. |
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Everything considered, he did apologize and offered reparation. I just hope he realized that it's never worth it. Anyway, you do raise an important issue, similar to what I said above. Why would any moderator that is also the issuer of a competing asset would want another competitor in there? Especially since votes can be anonymous, so true motives can be hidden. Yes, that is the main point/issue. Im also considering how it must feel for established and experienced operators, to know that their venture could be decided by an 18 year old, who currently has shown themselves to have questionable judgement.... he is 18, of course his judgement is going to let him down! Despite the fact that he is a smart cookie, who has attempted to right a wrong, and will surely go far, why afford him that much influence? Thats a rhetorical question, as ive kinda adjusted my expectations of the mods, issuers, and operators of late, and dont feel the need to make it an issue anymore. Sorry if off topic, but needed to be high-lighted. |
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While it would be nice to have AMC listed on btct.co, I won't be surprised if it takes a long time to get approved or even doesn't.
Allowing anonymous moderator votes is as transparent as someone judging you while you wait outside the court. You never know what's coming and what are their true motives.
Every moderator should also be required to comment on their vote.
Yes, It is just like when Ukto required AMC to do a poll here in the forums. Ive just noticed garr255 (Cognitive) had/has a vote. If anyone followed the 'Shillgate' affair, https://bitcointalk.org/index.php?topic=238474.0 ,its at best highly questionable, at worst, a complete farce. |
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Hey Ken, I just seen an AMC-PT listing on BCT-TC. Looking at the details, I noticed that the contact details was for an address in London. Did you list this yourself or has someone else beaten you to the punch?
VMC has spun off AMC as its own corporation: Active Mining Corporation (AMC) is a Belize International Business Company DBA Active Mining Cooperative All contract between the VMC's business unit (AMC) and the new corporation have been assumed by the new corporation. In no way does this affect shareholders in the cooperative. Yes this is our new office address: Active Mining Corporation 95 Wilton Road Suite 3 London SW1V 1BZ United Kingdom Fax: +44 (0)20 3004 1756 DBA Active Mining Cooperative (AMC) Yes, that is our listing on BTC-TC. My last place of work was three roads away. Is there a particular rationale why a London address, Ken? |
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Your edit could be read as, Theymos is up for a bit of 'price enhancement'. Im sure that's not what you meant.
No, you should reread it, and maybe lurk more to get context. Thing is mostly I'm talking to people who have been here 3 plus year but the 1 month n00bs are the ones who "don't get it". Really unattractive. i never said I was pretty. Ignored |
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Your edit could be read as, Theymos is up for a bit of 'price enhancement'. Im sure that's not what you meant.
No, you should reread it, and maybe lurk more to get context. Thing is mostly I'm talking to people who have been here 3 plus year but the 1 month n00bs are the ones who "don't get it". Really unattractive. |
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