Slaughter;
you are full of it.   What do you mean "your calculation are a fraud"?  Ignore the grammar problems with that sentence compared to your prospectus.   Calculations are NOT fraudulent.   they are correct or wrong.   Given his calculation uses KNOWN FACTS, it is correct.    And yes, you have suggested you are going to hash this much power, start reading your OWN posts.    So, what kind of cogen are you building because we all know you are MINIMUM two years from 28 and over a year from 45nm (and that is assuming you have any clue what you are doing which your posts do not lend evidence to).
If you are claiming you will have a 28nm in this year, you are a liar.   So, why don't you cut all your BS and tell people how far along you actually are on "your own chip development".   Because anyone who was ANYWHERE on developing a chip, would not be so stupid to buy $140,000 worth of avalon chips.   That would be idiotic and a waste of shareholder funds.   Like a man that said he was a few months away from getting the goose that lays the golden egg, but was going to spend all his available funds on buying regular chickens.    I call BS.   This is another BFL.   Either Fraud or complete incompetence.   Funny how they both (josh at BFL and "kslaughter") are from MO and they both ran ISPs???   

Where can you find current price and trade the shares?

There will always be the problem that when you need the coin and post at market level, they'll just be undercut. The only price with no undercuts is 0.0005. And everyone that bought from flippers at a higher price will be alienated if the price goes down again to 0.0005.

Yeah, we already went down the rabbit hole now. It would be better to simply let the market work and if Ken wants to sell more stock, just position it below the market ask. That's how it works for everyone.

Perhaps he could already define a date for the new batch and say something like "will sell for 10% less than the previous 5 days average". This would give more confidence to everyone.

Plus, if he commits to selling at 0.0005 and it takes too long to sell, many people that already invested may get anxious or need their BTC and may end up selling below 0.0005... and this could start a process of devaluating the stock so Ken makes less money per stock sold.

I wouldn't worry that much about share price. The current 0.0005 is a cheap buy, and as soon as the IPO shares are gone it'll go back up. I initially bought some at 0.0005, then when it went up I bought more at 0.0006, but I don't really feel ripped of.

Only strange thing I see atm is that I bought some more 8h ago and there were only ~150k left at 0.0005, now there are ~500k at 0.0005.

But I feel confident. kslaughter is clearly not a communication beast, but he doesn't look incompetent in the matter of mining, and his future mining is why we buy these shares.

Np, I'm already doing it for myself.

Bottom line: KS, please only sell the least amount of shares needed for immediate expenses, as the dividends in the medium-term will be more than enough for any new investment!

On these latest estimates I've taken into account a cost of BTC1000 for each 10k chip order + board assembly, and an even more conservative scenario of 3 month delivery from order to mining start.

Please take everything with a grain of salt (!), as these are only previsions based on speculative data.

I welcome any contributions for accuracy!

Baseline scenario:

• Avalon 10k chips (order #2) is done around 1st july.
• Network hashrate assumes a 15% increase per month (geometric progression, r=1.15), with an estimated 381TH/s by december.
• Operating expenses estimated at 10%.
• Dividends/share/month assume 40,000,000 shares
• Outstanding shares assume 2,000,000 shares are sold, with not many more selling after that to keep the growth funds high
• Growth/Expansion Fund dividends/m expresses income dividends from 40m shares less the outstanding shares sold to investors, which reflects the BTC reserved specifically for hardware buying
• Share valuation reflects the % of accumulated profit/share divided by the bought share price. A 100% figure means the share price is fully paid by earned dividends.

Possible scenario:

• New orders of 10k Avalon chips each month costing BTC1000 (order + assembly).
• Selling of AMC shares to investors in order to buy hardware isn't really a necessity after covering the BTC deficit in august/september, as it will bring the available BTC to the growth fund down. Even if no one buys more shares, the effect would only be a short delay between batch orders.
• After september the trickle effect from the 2.8TH/month increases is substantial, with the growth fund keeping a very health balance for investing in even more hardware

If I was seeking investors I would.

I agree.

The situation right now is kind of unfortunate. If he keeps the pricing like it is right now there is a lower incentive to buy for new investors and people will accuse him of price fixing. But if he dumps new shares on the market at 0.0005 the people who bought in higher will get mad. I don't real see a way where he doesn't come of as the bad guy.

Well I managed to get some at 0.0070 so I am happy. If it comes any lower I will get them too.

No, I believe it's called market manipulation.

I really can't stand the words cheap coins anymore for some reason.

You need to go to specsavers.

There's a tendency on this sub-forum to compare AMC to ASICMINER. ASICMINER was a risky investment but AMC au contraire is a reckless investment. Since the start, Mr. Slaughter hasn't bought up any meaningful information about AMC or VMC except for those delightful hashing numbers and potential profits.

I'm surprised that so many people still think of BitCoin like monopoly money.

The SEC rules are setup to protect investors. What is stopping the OP from converting the couple hundred thousand dollars worth of BTC he already received from this "IPO" to cash and buying a new house?

Sound familiar?
"In the 1920s, companies often sold stocks and bonds on the basis of glittering promises of fantastic profits and without disclosing any meaningful information to investors. Following the stock market crash of 1929, the U.S. Congress enacted the federal securities laws and created the SEC to administer them."

Oh well, it's your BTC...

Right... so someone offers virtual stocks to a bunch of people all over the world that they buy using virtual money and you think it's illegal? Until Bitcoin is recognized as actual money, I don't see how this could be illegal. We all paid in Bitcoin and receive Bitcoin back. The exchanges were closed because people were paying / withdrawing real money. You may have an issue if you make 10x your initial investment here, withdraws the money and does not declare and pay taxes, but that's it in my opinion.

The SEC regulations apply to every offering that solicits in ANY US state.  Seriously?  You did not know that?
The virtual exchange is illegal (I expect they will shut it down in years to come (the SEC is slow)), the offerings are obviously illegal and will be likely illegal even if the "crowdfunding" parts of the jobs act ever passes (not much chance of that happening right now).
I thought everyone knew this?

I did today some quick math on the investment return, might as well share it with everyone.

I considered only the hardware stated below and assumed a linear 20TH/month increase in difficulty, already starting "aggressively" (debatable ) at ~178TH/s in june (bear in mind that at today's difficulty, 390GH/s would yield BTC491/month).

Div/share/month is based on the 40,000,000 split, with the accumulated BTC in the "Growth/Expansion Fund" also shown (minimum of 20M shares).

ROI shown for BTC5E-4 and BTC10E-4 share price, current share price is at ~BTC9E-4.



I'm expecting the numbers to get even better with announcements of even more hardware buys. Lets keep the "Growth/Expansion Fund" always depleted!

  Also, I noticed dividends have been going down.. do you expect dividends to keep going down?