so anyone with 101 btc can't vote  |
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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. |
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Same thing happened to me.
Sent $6000 USD
2 weeks later same response 'they are trying to locate it'.
Spoke to my bank, did a trace, discovered they middle bank changed it to JPY for the fun of it. Gave the new JPY total, and MtGox found it in 30 minutes.
Now, its been 3 days, they still have NOT put it in my account.
They admit they located the deposit, said it will be in the account soon ... 3 days later .. and nothing!
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My payments per dividend was much higher on amc-pt than on amc on bitfunder? Any reason for this?
True indeed. 0.00000543 per share on BTCT 0.00000139 per share on BitFunder How did that happen? I missed out on a LOT of BTC lol |
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This happened to me, and it just got sorted out 2 days ago.
I sent USD$7000 to MtGox 2 weeks ago.
Previously, within a few days it was credit to my account - this time, 9 days and nothing.
MtGox response: "we are trying to locate your deposit"
So I rang my bank, spoke to a 'Transfer Officer' ... and they did a trace on it.
They found out that the agent bank in between in their wisdom converted the USD into JPY. So MTGox were 'trying to locate my deposit' in USD, but it was given to them in JPY.
I updated MtGox and they found it within 20 minutes.
Very Frustrating.
Speak to your bank, ask for a trace, perhaps the same thing happened to you.
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I want to know: When can I apply for the AMC shares into VMCshares? How to do? What is the process like? I bought on the BTCT.
Nothing is finalised yet. It is still in discussion, so there is nothing to do yet ... except discuss  |
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Trust: -9: -2 / +0(0)
Warning: Trade with extreme caution!
I lol'd hard
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regardless of who is doing this ... the point is someone IS.
any news is good news for BTC
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I think I explained the loophole already. There are two issues, one pertaining to real life money and the other to us as bitcoin investors.
The real life situation is easy to resolve, Kenneth owns both VMC and AMC so to combine them into one entity should be relatively easy.
On the bitcoin end, Kenneth can claim that AMC no longer has any profit because it was bought out, thus he can stop paying dividends. Then, he can offer users a 1-1 swap of AMC shares for VMC shares followed by freezing of the AMC asset. This will make everyone with shares in AMC swap their shares for VMC, finishing the elimination of AMC.
How this would be accomplished fairly for shareholders and at a profit for Ken has been outlined by myself in previous posts, which Kenneth seems to give approval for.
This would work |
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Anyone else been snacking more shares at these prices in speculation of this merger?
EDIT: I pushed the price too high btct.co now I have to wait a while.
That is either smart or foolish ... becareful |
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Great, You guys keep the ideas coming, I am going to bed as I have to get up early tomorrow and meet with my management team.
Sleep tight. And thank you for having some interaction with your shareholders ... a welcome change |
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I just came up with a idea to solve this problem.
I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.
How will VMC purchase AMC? Will it buy back all the shares of AMC? But if you did create a VMC offering, and then unite VMC with AMC under one roof, then yes this is exactly what we are all looking for. Again, it is just really important for current shareholders and potential investors like myself to see these two companies merged into one. Yes, VMC would start purchasing AMC shares until it has all of them. There is no need for this. Here a simple way to do it with one announcement: 1. VMC has been shutdown 2. AMC will now be doing the mining AND sales of chips/hardware itself Done!  Note: I know that is simplistic, but really, there is no need to complicate matters, keep them simple on purpose. Now, in the real world, you may have signed some documentation with eASIC etc ... but you can re-sign them as AMC. That will not work! I am sorry.  Because?? |
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I just came up with a idea to solve this problem.
I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.
How will VMC purchase AMC? Will it buy back all the shares of AMC? But if you did create a VMC offering, and then unite VMC with AMC under one roof, then yes this is exactly what we are all looking for. Again, it is just really important for current shareholders and potential investors like myself to see these two companies merged into one. Yes, VMC would start purchasing AMC shares until it has all of them. There is no need for this. Here a simple way to do it with one announcement: 1. VMC has been shutdown 2. AMC will now be doing the mining AND sales of chips/hardware itself Done! Note: I know that is simplistic, but really, there is no need to complicate matters, keep them simple on purpose. Now, in the real world, you may have signed some documentation with eASIC etc ... but you can re-sign them as AMC. That will not work! I am sorry. Because |
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I just came up with a idea to solve this problem.
I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.
How will VMC purchase AMC? Will it buy back all the shares of AMC? But if you did create a VMC offering, and then unite VMC with AMC under one roof, then yes this is exactly what we are all looking for. Again, it is just really important for current shareholders and potential investors like myself to see these two companies merged into one. Yes, VMC would start purchasing AMC shares until it has all of them. There is no need for this. Here a simple way to do it with one announcement: 1. VMC has been shutdown 2. AMC will now be doing the mining AND sales of chips/hardware itself Done! Note: I know that is simplistic, but really, there is no need to complicate matters, keep them simple on purpose. Now, in the real world, you may have signed some documentation with eASIC etc ... but you can re-sign them as AMC. |
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Ok, Let say we merge AMC and VMC, who is going to run it?
You! No one is saying to remove you lol You just need to merge AMC and VMC into one and fix this MASSIVE problem! Then you can get back to running AMC, as one simplified business, stop the trolls (ok that will never stop), increase shareholder trust and loyality, AND, give a good brand name to AMC so that customers will buy chips/hardware from our one AMC business. See ... so nice and simple! [insert nike slogan here] |
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Ok, that's the first step, you acknowledge that one company can be done.
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
Can't change the description, it is a contract and their are not provisions in the contract to change it. Seriously? Are you saying that a business/company, once formed, can't reform itself by changing its own mission/description/goals? Seriously? No, I am say that the description on bitfunder.com can not be changed. It is a contract between the issuer and shareholders. The only way to change it would be to close the company and liquidate it and then do a new offering. The issuer is AMC, the shareholders are US. They are the 2 parties to the contract. When two parties agree, contracts CAN be changed!!!!!!! |
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Ok, that's the first step, you acknowledge that one company can be done.
The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!
This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle.
It CAN be done, and it SHOULD be done.
Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them.
You need to:
- combine AMC/VMC and remove all the problems that its causing
- sell chips, miners etc through AMC (just like ASICMINER does)
- focus on building trust in AMC, the brand
- THEN bitcoin miners will:
a) invest in AMC, and
b) buy mining rigs from AMC
(none of the above will happen with AMC and VMC being separate and all these dramas going on)
Can't change the description, it is a contract and their are not provisions in the contract to change it. Seriously? Are you saying that a business/company, once formed, can't reform itself by changing its own mission/description/goals? Seriously? |
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Here is why AMC can not sell the chips. There are no provisions for employees, unless you hire 4 at the same time. There are no provisions for any kind of sales expenses one you hire the 4 employees. There are no provisions for any kinda of hosting services. There are no provisions for hiring someone to develop a website to sell the chips. Even if you hired the 4 employees, the expenses are limited to a 10% maximum. So please tell me how this would be done.
Cool, you posted that 7 seconds before my post above You are making everything way too complicated. How is ASICMINER able to do everything under one company? But somehow, you think it's an impossibility I am not saying that it can't be done. I am saying that the description of the offering of AMC makes it impossible to do. Ok, that's the first step, you acknowledge that one company can be done. The second point, that the description of the offering of AMC makes it impossible to do ... well ... change the description!!This thread is FULL of posts from real shareholders, such as myself, asking you to change it and fix the whole AMC/VMC debacle. It CAN be done, and it SHOULD be done.Edit: by the way, something you should keep in mind. The people who are going to buy the asic miners from what you think is VMC, will NOT buy them with this whole AMC/VMC drama happening. So while you may want to keep VMC separate so that you can profit off two companies, you alienate the very customers who would have bought them. You need to: - combine AMC/VMC and remove all the problems that its causing - sell chips, miners etc through AMC (just like ASICMINER does) - focus on building trust in AMC, the brand - THEN bitcoin miners will: a) invest in AMC, and b) buy mining rigs from AMC (none of the above will happen with AMC and VMC being separate and all these dramas going on) |
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Here is why AMC can not sell the chips. There are no provisions for employees, unless you hire 4 at the same time. There are no provisions for any kind of sales expenses one you hire the 4 employees. There are no provisions for any kinda of hosting services. There are no provisions for hiring someone to develop a website to sell the chips. Even if you hired the 4 employees, the expenses are limited to a 10% maximum. So please tell me how this would be done.
Cool, you posted that 7 seconds before my post above You are making everything way too complicated. How is ASICMINER able to do everything under one company? But somehow, you think it's an impossibility |
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Jesus this is complicated... First off, why not just merge the companies, rather than messing around with something like this convoluted set up?
Second off, how is VMC funded? Where does it get its cashflow from?
Third, why does AMC need VMC to re-sell its chips in bulk? Why can't AMC handle that itself? So, you bulk-sell chips to VMC, VMC sells them on, AMC gets 70% of the profits, VMC 30%? Why do it like that? Why not just have AMC/VMC together, AMC sells the chips and it receives 100% of the profits from these sales?
Fourth, AMC sells chips to VMC, VMC then makes full mining systems (I'm guessing like the jalapenos etc), VMC then sells them on? I get the 10% royalty fee, but where does the other 90% go to? To VMC? And that's owned by who? So AMC does all the heavy lifting, sells its chips for a fee (presumably all of that profit goes 100% to AMC), and then basically only gets 10% royalty fee for something they could sell themselves for 100BTC and get 100% of the profit? You can see why that kind of sucks.
Ugh, my head hurts trying to filter through all the BS, FUD, techno-babble and nonsense in this thread, just to get at some proper bloody answers. I should be entirely open and say that I have invested in this company, but I'm doing my 'due diligence' after the fact, so shame on me perhaps, but nevertheless, there are some serious gaps here that need addressed asap, preferably in a easy to digest summary. I often get the feeling that in anything bitcoin related, people hide behind the razzle-dazzle of vocabulary and jargon. K.I.S.S.
Ok, so I just woke up this morning, saw the FAQ Ken posted ... thank you for that Ken. And I've just finished going through the extra 6 or 7 pages of posts that came overnight along with the FAQ, and still ... NO ANSWER FROM KEN AROUND THE WHOLE AMC and VMC ISSUE - WHY TWO COMPANIES?How hard is it to get an answer? Ken, why do you need 2 companies ... just have AMC, finished. AMC does everything - the chips, the boards, the complete miner etc. And can see everything. You do not need a second company, VMC, to do this. After 111 pages, an answer please Ken! |
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