[AMC]-The Official Active Mining Cooperative Discussion

[stoasis]

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?

Of course the risk exists. Everyone knows this. As it did exist with Asicminer and look at what happened. High risks for potentially high gains.

I don't believe ASICMiner manipulated their IPO price or put out wildly exaggerated press releases to drum up interest.

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.

[stereotype]

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...

And some of us think, with all the protection in the world, we are still not protected, regardless if Ken Slaughter, The Governor of Cyprus Bank, or Libor Market Makers decide to use their ill-gotten gains to build an extra house, or not.

Personally, i find the company of failed risk-takers much more fun and entertaining, than watching someone throw 50 darts, to SAFELY score an inevitable bulls-eye. Yawn.    

[stereotype]

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?

Of course the risk exists. Everyone knows this. As it did exist with Asicminer and look at what happened. High risks for potentially high gains.

I don't believe ASICMiner manipulated their IPO price or put out wildly exaggerated press releases to drum up interest.

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.

You need to go to specsavers.

[stereotype]

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?

Of course the risk exists. Everyone knows this. As it did exist with Asicminer and look at what happened. High risks for potentially high gains.

I don't believe ASICMiner manipulated their IPO price or put out wildly exaggerated press releases to drum up interest.

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.

You need to go to specsavers.

Edit: For the UK contingent, the correct saying is, "You should have gone to Specsavers".

As you were.

[drdanishkhan]

Nothing about your investment ?? Isnt this on the tracks of BFL now.. taking money and giving out promises of delivery "soon" with no 'real' estimation of how much you will be earnings..
Plus why cant you answer the most basic questions whats your stake in the company.. it would be cheating if you invest nothing and give out shares for BTC and utilize those BTC to buy Avalons and keep majority of the shares with yourself and get paid the dividents.. zero risk absolute profit..
Answere these simple questions to earn credibility.. You are currently not delivering anything atleast make yourself trustworthy..

Still no answers eh??

[auto2nr1]

I think both the representatives of VMC/AMC need to step it up and come out with more transparency and detail in regards to the company and the questions being asked by the members of this forum. More detailed responses and answers to the questions asked can only better the image of the company and the stock. I am not sure why the responses by Kenneth have been made with minimal effort. As an investor it is quite disappointing. I bought in early so i am not at a loss and if this kind of behavior continues i am ready to sell and put my money elsewhere.

[stoasis]

lewicki,

Then I shall apologize, my criticism have not once been out of self-interest but out of skepticism. Bashing AMC was never my intention, only questioning the legitimacy of its existence.
I have no further interest in posting in this thread until Mr. Slaughter clears the ongoing confusion about the company.

[drdanishkhan]

I think both the representatives of VMC/AMC need to step it up and come out with more transparency and detail in regards to the company and the questions being asked by the members of this forum. More detailed responses and answers to the questions asked can only better the image of the company and the stock. I am not sure why the responses by Kenneth have been made with minimal effort. As an investor it is quite disappointing. I bought in early so i am not at a loss and if this kind of behavior continues i am ready to sell and put my money elsewhere.

Same here.. wasnt so confused in the beginning but with all these questions in mind and being left unanswered or being replied with no clear response is making this highly suspicious of a scam.. also the projections are too unrealistic to be true and are dependent on so many non reliable variables..

[kslaughter]

lewicki,

Then I shall apologize, my criticism have not once been out of self-interest but out of skepticism. Bashing AMC was never my intention, only questioning the legitimacy of its existence.
I have no further interest in posting in this thread until Mr. Slaughter clears the ongoing confusion about the company.

I don't know what the confusion is about the company.  We are a mining cooperative which has 6 Avalon's on order and which may be shipped to us any day.  We have purchase 1,150 Avalon chips which we are putting on BkkCoins boards.  We have ordered 10,000 more chips from Avalon and are in the process of spinning up Avalon reference boards.  We are getting ready when the funds are available to purchase another 10,000 chips from Avalon.  All of these will start mining and producing income which will be paid out as dividends to the Investors.  We are also working on creating our own 45nm and 28nm chips.  We are working hard everyday to make AMC a winner, anyone who agrees with us should hope on board.

I hope this clears up your confusion.  However, I am getting so busy that I most likely will not have time to keep posting in this thread.  However, I will keep everyone informed by putting timely press releases.  

[kslaughter]

I think both the representatives of VMC/AMC need to step it up and come out with more transparency and detail in regards to the company and the questions being asked by the members of this forum. More detailed responses and answers to the questions asked can only better the image of the company and the stock. I am not sure why the responses by Kenneth have been made with minimal effort. As an investor it is quite disappointing. I bought in early so i am not at a loss and if this kind of behavior continues i am ready to sell and put my money elsewhere.

Same here.. wasnt so confused in the beginning but with all these questions in mind and being left unanswered or being replied with no clear response is making this highly suspicious of a scam.. also the projections are too unrealistic to be true and are dependent on so many non reliable variables..

The projection are based on what hasing power we have on order and the bitcoinx.com profit calculator.  Check here: https://bitfunder.com/asset/AMC profile->images for an image of our Avalon order.  Of course the projections are based on the current difficultly and the current exchange rate.

[drdanishkhan]

Just answer the following please

How many shares do you hold in this company??

How much capital did the owners invest??

Suppose by the time your avalon ships you have sold 5,000,000 shares.. would you divide the divident between these 5000000 or the 40000000??

[kslaughter]

Just answer the following please

How many shares do you hold in this company??

How much capital did the owners invest??

Suppose by the time your avalon ships you have sold 5,000,000 shares.. would you divide the divident between these 5000000 or the 40000000??

Read the description, it has all the answers.

[auto2nr1]

Who keeps on putting up these asks?

639,222   ฿0.00089998

[kendog77]

Who keeps on putting up these asks?

639,222   ฿0.00089998

It looks like someone put in a sell order of over 2k shares at .00089999 (probably someone who bought at .0005) at the same time kslaughter had a large sell order at .0009.

kslaughter then changed his .0009 sell order to .00089998 so it would jump in front of the .0008999 sell order.

The shananagans continue...

I think more folks would take this IPO more seriously if the IPO price wasn't being manipulated so blatantly. For example, kslaughter said there would be 20,000,000 early adopter shares available at .0005, but has continued to try to force the price of early adopter shares up with large sell orders at .0005, .0006, then .0007, .0008, and then .0009.

As I was typing this email, a large block of shares just showed up at .0008!

[miTgiB]

It looks like someone put in a sell order of over 2k shares at .00089999 (probably someone who bought at .0005) at the same time kslaughter had a large sell order at .0009.

kslaughter then changed his .0009 sell order to .00089998 so it would jump in front of the .0008999 sell order.

The shananagans continue...

I think more folks would take this IPO more seriously if the IPO price wasn't being manipulated so blatantly. For example, kslaughter said there would be 20,000,000 early adopter shares available at .0005, but has continued to try to force the price of early adopter shares up with large sell orders at .0005, .0006, then .0007, .0008, and then .0009.

As I was typing this email, a large block of shares just showed up at .0008!

Bakewell only wishes he had these talents

[kslaughter]

Just answer the following please

How many shares do you hold in this company??

How much capital did the owners invest??

Suppose by the time your avalon ships you have sold 5,000,000 shares.. would you divide the divident between these 5000000 or the 40000000??

I own 40% of the company, or 40 million shares.  These 40 million shares do not receive dividends until the total dividends paid is .0005 per share and 12 months have elapsed from the date of the IPO May 1, 2013.  I have invested the 6 Avalon's which are paid for.  I am continuing to invest my time and talent developing AMC's IP which will bring the investors a 10% royalty on machines VMC sells with AMC technology.  The dividends are divided between the 40,000,000 issued shares of which 20,000,000 shares are in the growth and expansion fund.  This fund is used to purchase more mining machines from VMC or others.  AMC will receive dividends from unsold shares which will be used to purchase more mining machines, R & D, direct mining expenses, etc.

[kslaughter]

It looks like someone put in a sell order of over 2k shares at .00089999 (probably someone who bought at .0005) at the same time kslaughter had a large sell order at .0009.

kslaughter then changed his .0009 sell order to .00089998 so it would jump in front of the .0008999 sell order.

The shananagans continue...

I think more folks would take this IPO more seriously if the IPO price wasn't being manipulated so blatantly. For example, kslaughter said there would be 20,000,000 early adopter shares available at .0005, but has continued to try to force the price of early adopter shares up with large sell orders at .0005, .0006, then .0007, .0008, and then .0009.

As I was typing this email, a large block of shares just showed up at .0008!

Bakewell only wishes he had these talents

Its called a market.

[kendog77]

It looks like someone put in a sell order of over 2k shares at .00089999 (probably someone who bought at .0005) at the same time kslaughter had a large sell order at .0009.

kslaughter then changed his .0009 sell order to .00089998 so it would jump in front of the .0008999 sell order.

The shananagans continue...

I think more folks would take this IPO more seriously if the IPO price wasn't being manipulated so blatantly. For example, kslaughter said there would be 20,000,000 early adopter shares available at .0005, but has continued to try to force the price of early adopter shares up with large sell orders at .0005, .0006, then .0007, .0008, and then .0009.

As I was typing this email, a large block of shares just showed up at .0008!

Bakewell only wishes he had these talents

Its called a market.

No, I believe it's called market manipulation.

[stereotype]

It looks like someone put in a sell order of over 2k shares at .00089999 (probably someone who bought at .0005) at the same time kslaughter had a large sell order at .0009.

kslaughter then changed his .0009 sell order to .00089998 so it would jump in front of the .0008999 sell order.

The shananagans continue...

I think more folks would take this IPO more seriously if the IPO price wasn't being manipulated so blatantly. For example, kslaughter said there would be 20,000,000 early adopter shares available at .0005, but has continued to try to force the price of early adopter shares up with large sell orders at .0005, .0006, then .0007, .0008, and then .0009.

As I was typing this email, a large block of shares just showed up at .0008!

Bakewell only wishes he had these talents

Its called a market.

No, I believe it's called market manipulation.

Like Ken said, its called a market.

[Vbs]

Some updated figures. I welcome any contributions for more accurate estimates!

• 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
• Accumulated Growth/Expansion Fund expresses income dividends from the respective 20,000,000 shares, 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.