[AMC]-The Official Active Mining Cooperative Discussion

[kslaughter]

Ken, do you mind responding and making it crystal clear for me?

https://bitcointalk.org/index.php?topic=158806.msg2650261#msg2650261

Everything is right.  The only thing is that AMC will continue to exist for those that do do want to swap there shares.

[1715335645]

1715335645

[1715335645]

1715335645

[1715335645]

1715335645

[1715335645]

1715335645

[ArcticWolf]

What price per share will it be transferred at?

It is 1 share of AMC for 1 share of VMC. So the price would be whatever price you purchased your AMC shares

So would the VMC shares be valued at the market price of AMC at the time of transfer?

It's 1 AMC share for 1 VMC share, so the shares of VMC will be valued at whatever the market values them at

Edit: Ken beat me to it

[auto2nr1]

Ken, do you mind responding and making it crystal clear for me?

https://bitcointalk.org/index.php?topic=158806.msg2650261#msg2650261

Everything is right.  The only thing is that AMC will continue to exist for those that do do want to swap there shares.

What eventually happens to the AMC entity? Eventually there will be no more AMC and the security will be delisted?

[kslaughter]

Ken, do you mind responding and making it crystal clear for me?

https://bitcointalk.org/index.php?topic=158806.msg2650261#msg2650261

Everything is right.  The only thing is that AMC will continue to exist for those that do do want to swap there shares.

What eventually happens to the AMC entity? Eventually there will be no more AMC and the security will be delisted?

I really don't know how it will play out, but shareholders which decide to not swap will continue to receive their dividends for the foreseeable future.  I think there wii be a market for the shares

[auto2nr1]

I really don't know how it will play out, but shareholders which decide to not swap will continue to receive their dividends for the foreseeable future.  I think there wii be a market for the shares

How will AMC shares still receive dividends if mining dividends will be paid to VMC shares? Won't the Avalon's and the 20k chips be used to mine for VMC shareholders?

[BTCThousandaire]

I really don't know how it will play out, but shareholders which decide to not swap will continue to receive their dividends for the foreseeable future.  I think there wii be a market for the shares

How will AMC shares still receive dividends if mining dividends will be paid to VMC shares? Won't the Avalon's and the 20k chips be used to mine for VMC shareholders?

I believe the way it will work is that VMC shareholders receive AMC dividends. So AMC still mines, and those who don't switch will just have that.

[ArcticWolf]

I really don't know how it will play out, but shareholders which decide to not swap will continue to receive their dividends for the foreseeable future.  I think there wii be a market for the shares

How will AMC shares still receive dividends if mining dividends will be paid to VMC shares? Won't the Avalon's and the 20k chips be used to mine for VMC shareholders?

I believe that VMC will be buying back or absorbing the majority of AMC's shares, AMC will still mine and payout to their shareholders. VMC will be a majority shareholder of AMC and pass on the dividend to the VMC shareholders.
(Dont know if this is the case, but thats how I interpret it)

[metalh47k]

I really don't know how it will play out, but shareholders which decide to not swap will continue to receive their dividends for the foreseeable future.  I think there wii be a market for the shares

How will AMC shares still receive dividends if mining dividends will be paid to VMC shares? Won't the Avalon's and the 20k chips be used to mine for VMC shareholders?

I believe that VMC will be buying back or absorbing the majority of AMC's shares, AMC will still mine and payout to their shareholders. VMC will be a majority shareholder of AMC and pass on the dividend to the VMC shareholders.
(Dont know if this is the case, but thats how I interpret it)

I interpret that as AMC will purely mine and give dividends for mining. VMC will receive dividends for both mining and sales.

AMC and VMC will share dividends from mining? and VMC will have the added dividends from sales?

[ArcticWolf]

I really don't know how it will play out, but shareholders which decide to not swap will continue to receive their dividends for the foreseeable future.  I think there wii be a market for the shares

How will AMC shares still receive dividends if mining dividends will be paid to VMC shares? Won't the Avalon's and the 20k chips be used to mine for VMC shareholders?

I believe that VMC will be buying back or absorbing the majority of AMC's shares, AMC will still mine and payout to their shareholders. VMC will be a majority shareholder of AMC and pass on the dividend to the VMC shareholders.
(Dont know if this is the case, but thats how I interpret it)

I interpret that as AMC will purely mine and give dividends for mining. VMC will receive dividends for both mining and sales.

AMC and VMC will share dividends from mining? and VMC will have the added dividends from sales?

Thats kind of what I meant. AMC still mines and gives dividends to all the 40M of its shares, but VMC will hold ~38M of those shares. So AMC pays the majority of its mining dividend to VMC, who then pays it to their shareholders along with the sales dividend.

[JimmyJazz]

My payments per dividend was much higher on amc-pt than on amc on bitfunder? Any reason for this?

[bigdude]

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

[hf]

My payments per dividend was much higher on amc-pt than on amc on bitfunder? Any reason for this?

Good catch.

We got ฿0.00000543 per share on btct, ฿0.00000139 on bitfunder.

[Vbs]

My payments per dividend was much higher on amc-pt than on amc on bitfunder? Any reason for this?

Good catch.

We got ฿0.00000543 per share on btct, ฿0.00000139 on bitfunder.

Seems that on btct.co the dividends are only paid to outstanding shares (which is the correct way), while on BF they are paid to all shares, so Ken transferred the BTC accounting for his issuer shares but those got nothing on btct.co.

[hf]

My payments per dividend was much higher on amc-pt than on amc on bitfunder? Any reason for this?

Good catch.

We got ฿0.00000543 per share on btct, ฿0.00000139 on bitfunder.

Seems that on btct.co the dividends are only paid to outstanding shares (which is the correct way), while on BF they are paid to all shares, so Ken transferred the BTC accounting for his issuer shares but those got nothing on btct.co.

Yep, thanks for the explaination, this is most certainly the reason.

btct : 2013-07-04 00:47    ฿ 2.78000000    511867    0.00000543    COMPLETE

Only the 511867 sold shares got their divs.

[Vbs]

Yep, thanks for the explaination, this is most certainly the reason.

btct : 2013-07-04 00:47    ฿ 2.78000000    511867    0.00000543    COMPLETE

Only the 511867 sold shares got their divs.

Yep, he must have thought it would be ฿2.78/2,000,000 = 0.00000139, but it turned out to be ฿2.78/511,867 = 0.00000543. Maybe Ken can issue a special ฿0.00000404 dividend on BF to cover this? Thoughts?

[Vbs]

I really don't know how it will play out, but shareholders which decide to not swap will continue to receive their dividends for the foreseeable future.  I think there wii be a market for the shares

How will AMC shares still receive dividends if mining dividends will be paid to VMC shares? Won't the Avalon's and the 20k chips be used to mine for VMC shareholders?

I believe that VMC will be buying back or absorbing the majority of AMC's shares, AMC will still mine and payout to their shareholders. VMC will be a majority shareholder of AMC and pass on the dividend to the VMC shareholders.
(Dont know if this is the case, but thats how I interpret it)

I interpret that as AMC will purely mine and give dividends for mining. VMC will receive dividends for both mining and sales.

AMC and VMC will share dividends from mining? and VMC will have the added dividends from sales?

VMC shareholders will receive dividends from AMC mining from the AMC shares that VMC will hold.

When you trade existing AMC shares for VMC shares, you get a VMC share from the trade, while VMC receives an AMC share. The more are traded, the more VMC owns AMC, until it reaches 100% ownership.

VMC now receives AMC mining dividends from the AMC shares it holds and passes them along to VMC shareholders.

[Vbs]

Another topic for discussion is how the acquisition of AMC by VMC can be done as closest as possible to 100%. What happens to AMC's "growth fund shares" and what happens to the remaining 60,000,000 yet to be created. Should't all of these be property of VMC also?

[auto2nr1]

My payments per dividend was much higher on amc-pt than on amc on bitfunder? Any reason for this?

Good catch.

We got ฿0.00000543 per share on btct, ฿0.00000139 on bitfunder.

Seems that on btct.co the dividends are only paid to outstanding shares (which is the correct way), while on BF they are paid to all shares, so Ken transferred the BTC accounting for his issuer shares but those got nothing on btct.co.

We should get this taken care of as soon as Ken comes back from his trip. Dividends should only be paid to sold shares.

[auto2nr1]

Yep, thanks for the explaination, this is most certainly the reason.

btct : 2013-07-04 00:47    ฿ 2.78000000    511867    0.00000543    COMPLETE

Only the 511867 sold shares got their divs.

Yep, he must have thought it would be ฿2.78/2,000,000 = 0.00000139, but it turned out to be ฿2.78/511,867 = 0.00000543. Maybe Ken can issue a special ฿0.00000404 dividend on BF to cover this? Thoughts?

Yes, Ken should definitely cover us for this. This was one of the issues that were addressed. So the past 5 dividend payouts from BitFunder has been wrong.

[VolanicEruptor]

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

This needs to be addressed IMMEDIATELY.