[AMC]-The Official Active Mining Cooperative Discussion

[kslaughter]

BTCGuild 24 Hour earnings.

[1715366692]

1715366692

[1715366692]

1715366692

[1715366692]

1715366692

[1715366692]

1715366692

[josiasrdz]

when are you going to pay the dividend and how much do you think It will be

[kslaughter]

when are you going to pay the dividend and how much do you think It will be

From the description:

Dividends:

Dividends will be paid within 48 hours for the prior weeks profits. Reports will be posted on Bitfunder.

[dhenson]

Someone purchased 1 million shares very recently:

AMC   20,000,000
AMC   14,009,057
----------------
AMC   1,000,000
AMC   615,856
AMC   338,000
AMC   214,724
AMC   200,000
AMC   187,402
AMC   149,919
AMC   147,591
AMC   120,500
AMC   108,374

Must have been a private sale, or Ken is moving shares around (which I doubt). Avalons are beginning to look like peanuts.

Interesting.

Jeez, I am just wondering at what price he bought those shares at. It still amazes me how much BTC people have.

He has stated that any and all sales of shares after the original 5mil will be at no less than .0008

I'm very interested to know what is going on here.  All share sales, you would think would be public and viewable on bitfunder.  This is ~ $80,000 US worth of shares.

[canuck]

I'm curious to know if anyone's seen any sign anyone getting an order of avalon chips.  AMC has what...two or three orders in the que right?  The news on the chips shipping will be immensely more exciting to me than the avalons...not that I don't like the avalons. 

[kslaughter]

I'm curious to know if anyone's seen any sign anyone getting an order of avalon chips.  AMC has what...two or three orders in the que right?  The news on the chips shipping will be immensely more exciting to me than the avalons...not that I don't like the avalons. 

Just received an email today from Avalon that they are shipping our sample chips.

[canuck]

I'm curious to know if anyone's seen any sign anyone getting an order of avalon chips.  AMC has what...two or three orders in the que right?  The news on the chips shipping will be immensely more exciting to me than the avalons...not that I don't like the avalons. 

Just received an email today from Avalon that they are shipping our sample chips.

Well then I am sampling some excitement today. 

[canuck]

when are you going to pay the dividend and how much do you think It will be

approx 7*7.5/100000000 ~ 52 satoshi per share 

Isn't that divided by 40,000,000 until the first shares are paid 0.0005 per share in divs?

[mpr20rt]

when are you going to pay the dividend and how much do you think It will be

approx 7*7.5/100000000 ~ 52 satoshi per share 

Isn't that divided by 40,000,000 until the first shares are paid 0.0005 per share in divs?

you are right sir (had to reread)
my apologies

it must be ~ 130 

[canuck]

when are you going to pay the dividend and how much do you think It will be

approx 7*7.5/100000000 ~ 52 satoshi per share 

Isn't that divided by 40,000,000 until the first shares are paid 0.0005 per share in divs?

you are right sir (had to reread)
my apologies

it must be ~ 130 

Yup, looks like first div' payment should be about 130 satoshi's per share for the full week.  Depends on when Ken decides to pay the first div' ultimately.  This is also the very first div' payment with just three avalons hashing.  As I said earlier, I'm very interested to see what happens when the first chips ship.

[hf]

Ken, could you confirm that the 15.000.000 unsold early-adopters shares are also getting dividends paid ?

I mean, it's quite clear that the 5M early-adopter + 20M growth & expansion should get dividends, but what about the 15M shares left ?

[dhenson]

Ken, could you confirm that the 15.000.000 unsold early-adopters shares are also getting dividends paid ?

I mean, it's quite clear that the 5M early-adopter + 20M growth & expansion should get dividends, but what about the 15M shares left ?

It looks like it's 14 Mil now as a mystery 1mil shares was sold or transferred, Ken hasn't responded about it yet.

[Vbs]

Ken, could you confirm that the 15.000.000 unsold early-adopters shares are also getting dividends paid ?

I mean, it's quite clear that the 5M early-adopter + 20M growth & expansion should get dividends, but what about the 15M shares left ?

Dividends from unsold shares also go into the growth/expansion fund. Read the contract, its stated there.

[lewicki]

Ken, could you confirm that the 15.000.000 unsold early-adopters shares are also getting dividends paid ?

I mean, it's quite clear that the 5M early-adopter + 20M growth & expansion should get dividends, but what about the 15M shares left ?

It looks like it's 14 Mil now as a mystery 1mil shares was sold or transferred, Ken hasn't responded about it yet.

They were sold.

EDIT: Guess not.

[hf]

Many thanks Vbs.

Ken, could you confirm that the 15.000.000 unsold early-adopters shares are also getting dividends paid ?

I mean, it's quite clear that the 5M early-adopter + 20M growth & expansion should get dividends, but what about the 15M shares left ?

It looks like it's 14 Mil now as a mystery 1mil shares was sold or transferred, Ken hasn't responded about it yet.

They were sold.

And then rebought by Ken ?

Assets list shows 15M again :

20,000,000
15,009,057
----------
615,856
348,450
214,768
200,000
187,402
149,919
147,591
120,490
108,374
100,000

Shares sold:            40,000,000
Shareholder count:      366

By the way, my recap script : http://pastebin.com/dr5iCciA

[kslaughter]

Here is the ~Second 24 hours, not as lucky as the first 24.

[dhenson]

They were sold.

Lewicki, you shouldn't state things like that unless you know it to be true. 

They couldn't possibly have been sold through bitfunder as there isn't near that much liquidity.  If it had, the price would have skyrocketed.

Obviously, since those shares are now back in Ken's "pool" of shares, they weren't sold.  Though I'm still very interested to know what is going on.  I'm not trying to say that anything nefarious is afoot.  I'm just wondering what is happening as the 'plan' has been stated by Ken as being to sell remaining shares (all 15mil) at .0008 or higher.  This was a concession to the shareholders that bought before Ken was forced to sell shares at .0005.

We are all easily spooked due to past manipulation and I just feel that a little transparency will go a long way to allay those fears.

[lewicki]

They were sold.

Lewicki, you shouldn't state things like that unless you know it to be true.  

Straight from the horses mouth:

[00:21] <lewicki> Those 1 million shares, were they purchased, or are you moving things around?
[06:14] <AMC___> Selling a few more

They couldn't possibly have been sold through bitfunder as there isn't near that much liquidity

If someone has 80 grand and AMC has 1 million shares to spare, there is no illiquidity. There is illiquidity however when there are no shares to buy on the market. Therefore large share buys happen all the time without a MM or trading platform (especially when there is not much liquidity), they are a private contract between the issuer and buyer. Obviously shares were traded "off the books" in this case well. The shares DID change hands - regardless if whether or not they went back to the same account.

To prove my point:
A buyer could have sent BTC to AMC, then AMC could have transfered the shares to his account via
https://bitfunder.com/transfer

What I interpreted "Selling a few more" as "yes, i sold 1 million shares" was incorrect.

[dhenson]

It was my assumption that there weren't any 'off the books' trades.  If all trades don't go through the market then the spot price is pointless.  Why would someone purchase shares for .00083 on bitfunder if they can make a deal on the side with Ken. If this is truly going on, that's bullshit.

That being said, I'm not convinced that's what is going on.  If it was, then why did the shares end back up in Ken's account.

I personally hold ~46k shares so I have more than a small interest in making sure that this company is being run in a straightforward and honest manor.  I don't think it's too much to ask for an explanation from Ken.

[Vbs]

It was my assumption that there weren't any 'off the books' trades.  If all trades don't go through the market then the spot price is pointless.  Why would someone purchase shares for .00083 on bitfunder if they can make a deal on the side with Ken. If this is truly going on, that's bullshit.

That being said, I'm not convinced that's what is going on.  If it was, then why did the shares end back up in Ken's account.

I personally hold ~46k shares so I have more than a small interest in making sure that this company is being run in a straightforward and honest manor.  I don't think it's too much to ask for an explanation from Ken.

As a side note, anyone can sell anyone any amount of shares, of any asset, at any price, on BitFunder: https://bitfunder.com/transfer