Stop buying AMC you idiots. Buy ActiveMining.
10k amc sold for 0.003... This is why it's so absurdly easy to make money trading bitcoin securities. People have no idea what they're doing! They probably just saw the price going up and decided to buy. It's like taking candy from a baby. I already tendered all my shares but I'd sure as hell sell some marked up AMC shares. BTW - this also show you what can happen if that damn 2mil+ wall at .0025 disappeared. The Shares could soar ... but that wall it stopping them. Further incentive for Ken to perhaps remove the wall, and then drip feed the shares into the market, thereby allowing the market to do its thing, as well as perhaps bring in more for the company instead if just .0025 |
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Stop buying AMC you idiots. Buy ActiveMining.
10k amc sold for 0.003... This is why it's so absurdly easy to make money trading bitcoin securities. People have no idea what they're doing! They probably just saw the price going up and decided to buy. It's like taking candy from a baby. I already tendered all my shares but I'd sure as hell sell some marked up AMC shares. Maybe we need to reverse tender  - ActiveMining to AMC to sell at .003 |
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subbing interesting thread  |
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Just got this reply from MtGox ... Hello bigdude, Thank you for the email. Please note that our bank have changed their deposit way of process that is why the delay have caused. AS per the new update the deposits will be cleared out in 1-5 business days. Best regards, Mt.Gox Team https://www.mtgox.com July 10, 2013 11:07 My reply: Patrick, what you said makes NO sense.
You said 'deposits will be cleared out in 1-5 business days'.
But I have already been waiting 8 business days.
So, why is the money not in my account???
Bigdude
No answer yet I just got an even more rediculous reply from MtGox: Hello bigdude,
Thank you for the email. As our bank have changed the deposit process we cannot do any thing from our side as of now. So please bear with us the recent update from our bank is the deposit will take 7-10 business days to credit the funds into customers account.
Best regards,
So, after querying why I still don't have my money after 8 days, even though their reply was 1-5 days, MtGox just changes their mind and says oh, now it is 7-10 business days. What a load of BS. They are using incoming money to pay for outgoing withdrawals ... they have no funds ... ponzi!!! |
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When I log into Gox i see a red message just above the buy/sell tabs, "Sending a WIRE TRANSFER to your account? The SWIFT code for depositing to Mt. Gox has been changed by our bank. Please find the new information under the "Funding Options" tab. Transferring using the old code could cause your deposit to bounce-back, possibly incurring fees at your local bank. "
I wish my payment did bounce back ... at least I would have access to my money again. Instead, MtGox DID receive my money, but are not putting it into my account!!! |
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Just got this reply from MtGox ... Hello bigdude, Thank you for the email. Please note that our bank have changed their deposit way of process that is why the delay have caused. AS per the new update the deposits will be cleared out in 1-5 business days. Best regards, Mt.Gox Team https://www.mtgox.com July 10, 2013 11:07 My reply: Patrick, what you said makes NO sense.
You said 'deposits will be cleared out in 1-5 business days'.
But I have already been waiting 8 business days.
So, why is the money not in my account???
Bigdude
No answer yet |
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I got my $244 wire from gox fine.
This is not about transferring money OUT of MtGox ... its about massive delays in sending money TO MtGox, MtGox saying yes they received it, then not putting the money into our MtGox account to use. |
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Small question without reading through the thread: is that order on 0.002500 of 1.988.133 shares on BtcTc real or just some kind of market maker mechanism to reduce spread?
They are real - they are the latest release of shares from AMC. |
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Im guessing those people selling AMC shares at under 0.0025 dont read these forums haha
Well, who is to say that just because we convert shares to the new AM, that those new AM shares are worth 0.0025 for those who want to sell. There is already the mass 2million+ wall of shares at .0025 - https://bitfunder.com/asset/ActiveMiningThe minute the transfer of AMC to AM shares take place, people will sell them at 0.00249 and undercut the wall again. So do you think the AMC shares should be valued at 0.0025 - that is why the price of shares is less than that now. The only thing that will make the price rise, is that AM performs and value increases, then share prices will increase naturally. I say it in lieu of the fact that I believe the share prices will be worth a minimum that is a few factors more than the release price of 0.0025. As I said, it happening already. As soon as AM shares are in peoples hands - they will sell and undercut the 2mil+ wall of shares at .0025 Now, the price will simply start drifting down as people cut in front of each other to sell ... boom, price will be the same as AMC. Price will never increase so long as the wall is there. So people hoping to buy AMC shares now, and convert to AM for a profit - will fail. The price on both AMC and AM will be the same. So no point in trying to buy AMC cheap, and profit on AM - price points will be the same |
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Im guessing those people selling AMC shares at under 0.0025 dont read these forums haha
Well, who is to say that just because we convert shares to the new AM, that those new AM shares are worth 0.0025 for those who want to sell. There is already the mass 2million+ wall of shares at .0025 - https://bitfunder.com/asset/ActiveMiningThe minute the transfer of AMC to AM shares take place, people will sell them at 0.00249 and undercut the wall again. So do you think the AMC shares should be valued at 0.0025 - that is why the price of shares is less than that now. The only thing that will make the price rise, is that AM performs and value increases, then share prices will increase naturally. |
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anyone else still waiting for access to their funds on MtGox??
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> Thank you for the email. Yes the issue is for most of the customers. please wait this should be get back to normal.
No, dumb support agent.
Ok, but why the delay in putting the money in my account? One week from saying they received it? |
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I sent money to MtGox (wire transfer) in USD about 3 weeks ago, and for 2 weeks they couldn't find my deposits. After my bank performed a trace, they found both transfers had for some reason been converted form USD to JPY ... no problem. I spoke to MtGox on July 1st 4:18pm (Australian Time), they found my deposits and said it will be in my MtGox account in one day. It is now a FULL WEEK and they still have not put the money into my MtGox account. They are also saying this is affecting other clients ... is anyone else affected? Here is the Live Chat on July 1st: ===================================== bigdude 12:31: can you please check on those 2 deposits bigdude 12:31: Sent June 18th - USD3,142.68 - JPY292031.00 bigdude 12:31: Sent June 19th - USD3,121.10 - JPY288568.00 Patrick 12:33: Sure let me check please give me few min Patrick 12:35: Is that send under the name of XXXXXXXXXXX bigdude 12:35: yes Patrick 12:37: I have located your deposit bigdude 12:37: both of them? Patrick 12:37: Yes Patrick 12:37: Can you please advise Can I deposit the funds in JPY since we have received your deposit in JPY bigdude 12:38: yes, that is fine Patrick 12:38: Ok it should be done later today or first thing tomorrow morning Patrick 12:38: I will keep you posted!! ===================================== Four days later, and no update, no money in my account, I sent this in on the Support Ticket: ===================================== Patrick, what is taking so long??? On July 1st, you located my deposits. It has now been 4 days, and still, there is NOTHING in my account! Why has it taken 4 days to put money in my account, when you already found my deposit? I don't understand why it is taking 4 days just to put the money in my account. Please, HELP ME!!!! bigdude July 05, 2013 11:01 ===================================== The reply: ===================================== Patrick Hello bigdude, Thank you for the email. Yes the issue is for most of the customers. please wait this should be get back to normal. Best regards, Mt.Gox Team https://www.mtgox.com July 05, 2013 12:58 ===================================== It is now one full week, July 8 5:47PM (Australian Time), and NOTHING. Is anyone else experiencing this? They have my money, acknowledged it, and won't give me access to it - Is MtGox Bankrupt? Is this their way of trying to cover all the withdrawals flowing out of their account after the USD withdrawals recommenced - could this be a symptom of something far worse  Getting worried  Bigdude |
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Great full page article about BTC in todays Sunday Times Business Section (UK). Lots of interesting stuff with the general theme being that BTC is stage one of an evolutionary process.
I like how you provided a link to the URL ... |
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Two questions:
1. How many shares are already issued for AMC? ie. how many AMC shares already owned by investors?
2. With the new AM structure, where 1:1 swap of shares will take place - how many shares will be left over to release to raise more capital?
My concern here, is what if more $$ is needed to get the new hardware online, but there are no more shares available to issue to raise capital? What is the plan there?
~6 Million shares have been issued. There will be no more shares to issue, however the contract does allow us to issue more if needed. Great! Thanks for the update Ken. |
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Two questions:
1. How many shares are already issued for AMC? ie. how many AMC shares already owned by investors?
2. With the new AM structure, where 1:1 swap of shares will take place - how many shares will be left over to release to raise more capital?
My concern here, is what if more $$ is needed to get the new hardware online, but there are no more shares available to issue to raise capital? What is the plan there?
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Latest version looks good to go.
+1 for support on that.
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I don't get it, does it look like this now?
AMC
---^---
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AM VMC
AMC owns a 100% VMC, and owns 60% of AM?
Why the confusion? Bitfountain also holds ASICMINER in the same way.
In the example above, AMC (in Belize) owns VMC Delaware (the management owned part) and ActiveMiner (the public owned part). The parent company has to be outside of US, for avoiding legal troubles.
No, bitfountain has shares in asicminer. Just as Joe off the street does.
This is 3 companies, with what correlation?
Legal troubles? What part of everything here is legal?
Doesn't ASICMINER look like this? ASICMINER ------^------- | | Public Bitfountain Shares (managers) In which case, no one needs to worry about Bitfountain - they do their own thing (ie. own majority shares, and manage asicminer)? Then ALL income belongs to ASICMINER, and profits are distributed. Simple Ken has it so that everything is intertwined, 10% royalties, different company mining, to different company doing hardware and sales and blah blah. Stop making this complex. Below is the structure as it should be as done by auto2nr1, nice and simple.
**STRUCTURE**
ENTITY NAME
-----^-----
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40% 60%
PUBLIC MGMT
OWNED OWNED
40% of the shares will be sold to the public (10m shares)
60% of the shares will be held privately by management (15m shares)
Then all revenue goes to 'Entity Name', and it ditributes profit to share holders (40% / 60%) Then, Ken's salary and whatever else should be his own business, coming out of the 60% - that's his pay. This is what ASICMINER does I believe. |
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I don't think that is going to happen, AMC will continue to exist for a long time to come. Even if the 10M shares where all swapped for VMC shares, AMC still has more to offer and will continue to grow. The only difference will be that some of the revenue from AMC will flow into VMC. I think it is a win for AMC and a win for VMC.
Ken, from the bolded points above, it is clear that you have mixed up what was supposed to happen ... what everyone was asking for. AMC and VMC was supposed to be merged ... so that there is only ONE entity. Now, you are completely changing this around so that both will still exist, and AMC will grow ?? This is completely wrong! and will bring us right back to all the issues and dramas of the last 130 pages of this thread. You need to merge AMC into VMC, with the express intention of COMPLETELY dropping AMC from existence.Sure, it will take sometime for all AMC shares to be swapped over, but no one is going to hold on to AMC shares on purpose when they know AMC is being closed/merged into VMC. If you don't do this, and FIX what you have been saying for the past few pages, then we are right back where we started. Two companies, and a lot of crap in between. Please fix it, and stop confusing/mixing sh!t up. Introduction
ActiveMining (AM) is a virtual identity totally held by the owner(s) of the Active Mining Corporation.
So ... instead of simplifying things and moving from 2 companies to 1 - you introduce a 3rd one. So now, 3 companies! Ken, seriously mate, you need to think things through properly, or find someone to do it for you. Shareholders/investors are asking for ONE company, and you keep complicating things. This does not bode well. |
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