[AMC]-The Official Active Mining Cooperative Discussion

[lewicki]

Top 10 Shareholder update:

AMC   22,263,218   
AMC   15,002,166   
----------------
AMC   203,855   
AMC   185,257   
AMC   147,591   
AMC   114,515   
AMC   108,550   
AMC   102,051   
AMC   100,000   
AMC   99,919   
AMC   90,636   
AMC   84,996   

Shareholder count: 298
Shares sold: 2,734,616

[ChronoX5]

Top 10 Shareholder update:

AMC   22,263,218   
AMC   15,002,166   
----------------
AMC   203,855   
AMC   185,257   
AMC   147,591   
AMC   114,515   
AMC   108,550   
AMC   102,051   
AMC   100,000   
AMC   99,919   
AMC   90,636   
AMC   84,996   

Shareholder count: 298
Shares sold: 2,734,616

Thanks! That's about 790,000 more shares sold since Tuesday the 28th of May.

[Minor Miner]

Lets start with this. http://siliconwafer.org/index.html
And so you know... I have an advanced degree in semiconductor manufacturing.

DeVry is now selling "advanced" degrees in semiconductor manufacturing?   I thought only ITT Tech was doing that?

And I do not mean that to be insulting Nebulus but you have said you have an advanced degree in semiconductor manufacturing but one post later you cite a blog entry by A SOFTWARE developer with an undergrad degree and wrote that article based on blog entries of what various people "said" their costs were.
Given your education, I would think you would be more expert in costing than the person you cited.   You also cite costs of 130 and 110.   Slaughter is claiming 45 and 28.   He is also "claiming" to have designed the masks months ago yet he JUST signed an NDA in San Jose a few weeks ago.   You should know that this would seem like BS, given after signing the NDA, the next stage would be VETTING by their legal department that will look to ensure he has a legitimate business plan and funds available.   
How do you think the VETTING process would go?   These are not fly by night companies.   Saying "I will get funding as soon as I illegally sell some shares in my company on a virtual exchange" is probably not the answer they want to hear.
But you should know all this since you work in the semi conductor industry right?   And you would know that he is months away from getting to the design process if he has not EVEN BEEN VETTED TO OPEN AN ACCOUNT YET.   So, knowing all this (as a semiconductor expert), you must be as SKEPTICAL as I am that this is nothing more than a pump and dump with someone getting kids excited about valuing a company that has $9,000 worth of avalons coming at $2-10 Million.

[lewicki]

DeVry is now selling "advanced" degrees in semiconductor manufacturing?   I thought only ITT Tech was doing that?

No need to be like that.

[Minor Miner]

DeVry is now selling "advanced" degrees in semiconductor manufacturing?   I thought only ITT Tech was doing that?

No need to be like that.

You are right, it was rude to DeVry and ITT as they are good schools.  I apologize.
It was not rude to the poster.   He put out a claim of expertise and then posted two links RIGHT after the claim that prove he does not know what he is talking about.   He should not post a claim that is false in a blog where someone might believe him and lose their money because "a semi conductor expert" said you could make a mask for "$10,000".   That is frightening that anyone would think that to be true but it would be IMPOSSIBLE that someone with his credentials (claimed credentials) to think that.
I only respond to things that seem VERY out of place in this blog, you can make your own decisions on whether to "invest" or not.   I am just calling out very blatant things that should be questioned (and answered).   

[nebulus]

I am not claiming I am a semiconductor expert. I am just saying I have experience and am involved in semiconductor manufacturing and have seen a thing or two.

I got my degree at a school with a full blown clean room, probably one of the best in the academic world. I've completed two projects making CMOS and photonic devices. (all nine yards, from conception to final test.) It is not that unrealistic for a small business to do it and that's what I am saying. Grad school students do this kind of stuff all the time using govnt funding which mind you is usually not THAT high. Also, you can always take out a loan to fund it and its not always "pay up front" with the manufacturers.

Of course, you should be skeptical but for things to work you have to know when to give the benefit of a doubt. Besides we need many competing mining entities for bitcoin to work just in case you didn't know.

[Minor Miner]

I am not claiming I am a semiconductor expert. I am just saying I have experience and am involved in semiconductor manufacturing and have seen a thing or two.

I got my degree at a school with a full blown clean room, probably one of the best in the academic world. I've completed two projects making CMOS and photonic devices. (all nine yards, from conception to final test.) It is not that unrealistic for a small business to do it and that's what I am saying. Grad school students do this kind of stuff all the time using govnt funding which mind you is usually not THAT high. Also, you can always take out a loan to fund it and its not always "pay up front" with the manufacturers.

Of course, you should be skeptical but for things to work you have to know when to give the benefit of a doubt. Besides we need many competing mining entities for bitcoin to work just in case you didn't know.

I do not disagree with you.   we need more asics but we need them from companies like you describe in your post.   Ones that develop and build on their own dime and then sell people some that is handed to FedEx or UPS the SAME DAY as the customer pays.   We have had enough with false promises.   I am very skeptical of someone that makes claims and then manipulates the very stock he is "issuing".    I will believe in K Slaughter when he shows us proof of something other than 6 Avalon orders.

[Vbs]

More updated predictions taking into account more variables. Please examine all numbers carefully.

Please take everything with a grain of salt (!), as these are only previsions based on speculative data. I welcome any contributions for accuracy!

Comments:

• Upfront Avalon 10k chips cost of BTC1000 for each 10k chip order + board assembly, conservative scenario of 3 month delivery from order to mining start
• 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%.
• 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.
• Used my estimations on sold share price as described below; will correct when precise figures are released
• In may/14 the issuer starts receiving dividends on 60,000,000 shares, which are also free to use for any growth/expansion/investment purpose; in any case, the displayed share valuation takes into account no benefits coming from the issuer's funds (so you can see what you'll receive in the worst case scenario)

[kslaughter]

Quote from #bitfunder IRC channel:

<Ukto> there
<Ukto> i told him to post them
<Ukto> at 0.005
<Ukto> if he does any mroe sell downs
<Ukto> i will get very pissed
<ThickAsThieves> nice
<Ukto> AMC___: got that?
<AMC___> Yes

As per Ukto Bitfunder.com God, I have post all AMC IPO shares at .0005

Update from #bitfunder IRC channel:

<Ukto> le2: amc is selling at 0.0005 from here on

[Vbs]

Quote from #bitfunder IRC channel:

<Ukto> there
<Ukto> i told him to post them
<Ukto> at 0.005
<Ukto> if he does any mroe sell downs
<Ukto> i will get very pissed
<ThickAsThieves> nice
<Ukto> AMC___: got that?
<AMC___> Yes

As per Ukto Bitfunder.com God, I have post all AMC IPO shares at .0005

I sent a PM asking him to issue an "official" statement here, with the reasons for that.

[dhenson]

Quote from #bitfunder IRC channel:

<Ukto> there
<Ukto> i told him to post them
<Ukto> at 0.005
<Ukto> if he does any mroe sell downs
<Ukto> i will get very pissed
<ThickAsThieves> nice
<Ukto> AMC___: got that?
<AMC___> Yes

As per Ukto Bitfunder.com God, I have post all AMC IPO shares at .0005

So does this mean:

a) the crazyness is over?
b) once this block of IPO shares is sold, the market will be free to find a value without your interference?
c) any further shares per your original plan will be sold at a minimum of .001 btc?

[joris]

This concerns only the first batch of IPO share (5 million, 5% of AMC)

So still 15 million share in between 0.0005 & 0.001 ~ nothing is for sure...

[canuckgal]

Ok, I just jumped on the AMC bandwagon, I'm here for the ride. 

It can only go up from here, right? lol

[joris]

bandwagon or rollercoaster 

[hf]

This concerns only the first batch of IPO share (5 million, 5% of AMC)

So still 15 million share in between 0.0005 & 0.001 ~ nothing is for sure...

Well, that's not what was advertised.

The offering price will be 0.0005 Bitcoins for the first 20,000,000 early-adopter shares thereafter the price will be .001 BTC per share.

[joris]

Your quoting from before the IPO of AMC "II"

EDIT: AMC's first attempt to sell virtual shares was retracted to rework the offering and shares went for sale a second time in May.

[lewicki]

Shareholder Update:

AMC   21,881,279
AMC   15,002,166
----------------
AMC   214,515
AMC   203,855
AMC   185,257
AMC   170,730
AMC   147,591
AMC   108,550
AMC   100,000
AMC   99,919
AMC   94,602
AMC   84,996

Shares Sold:3,107,725
Shareholder Count: 309

[joris]

Currently from BitFunder.com

Early-Adopters:

AMC may issue up to 20,000,000 "Early-Adopters" shares which may be posted for no less than 0.0005 BTC
each and will also issue 20,000,000 growth and expansion fund shares to AMC. The "Early-Adopter" shares
may be posted in batches with the first batch being 5,000,000 shares. Only the first 40,000,000 issued
shares will receive 100% of the monthly profits after all expenses until the total dividends paid is
equal to .0005 BTC per share. AMC will only issue 40,000,000 shares (20,000,00 "Early-Adopter and
20,000,000 AMC growth and expansion fund shares) until the total dividends paid is equal to 0.0005 BTC
per share and 12 months have elaped from the date of the initial offering. Should it be determined that
it is not feasible to develop an ASIC chip, then the remaining funds in the research and development/purchase
fund will be added the growth and expansion fund.

Additional shares may be sold at no less than .001 BTC each.

But no GPG-signed contracts up till now, so everything is free-floating, and also the absence of a GPG-signed contract is valuable information.

Nonetheless, I hold shares in AMC and go for the long run.

[ChronoX5]

Ok, I just jumped on the AMC bandwagon, I'm here for the ride. 

It can only go up from here, right? lol

Welcome aboard. If you thought BTC to $ was volatile then you haven't met Ken yet.
The ride never ends.

I'm going to bed now, looking forward to all the fun replies tomorrow.

[kslaughter]

This concerns only the first batch of IPO share (5 million, 5% of AMC)

So still 15 million share in between 0.0005 & 0.001 ~ nothing is for sure...

Well, that's not what was advertised.

The offering price will be 0.0005 Bitcoins for the first 20,000,000 early-adopter shares thereafter the price will be .001 BTC per share.

The description does not say that, and it controls.