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Vbs
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June 12, 2013, 11:24:42 PM |
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Is a 10% holdback stipulated in the contract? I apologize for the request for edification but I'm driving and not in a position to properly review it.
Mining Expenses:
Expenses will only be charged for the following direct mining equipment expenses: Utilities, Equipment Maintenance and Repair, Mining Equipment Space Rental, Internet Access, Mining Equipment, System Administration and Maintenance, Mining Pool Fees, and any other necessary direct miscellaneous mining equipment operational expenses. Total Mining Expense will not exceed 10% of the Yearly Gross Revenue. I think Ken is holding back 10% "just in case", the correct amount for expenses should be accounted for later and earnings corrected I believe.  |
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kslaughter (OP)
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June 12, 2013, 11:44:13 PM |
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Is a 10% holdback stipulated in the contract? I apologize for the request for edification but I'm driving and not in a position to properly review it.
Mining Expenses:
Expenses will only be charged for the following direct mining equipment expenses: Utilities, Equipment Maintenance and Repair, Mining Equipment Space Rental, Internet Access, Mining Equipment, System Administration and Maintenance, Mining Pool Fees, and any other necessary direct miscellaneous mining equipment operational expenses. Total Mining Expense will not exceed 10% of the Yearly Gross Revenue. I think Ken is holding back 10% "just in case", the correct amount for expenses should be accounted for later and earnings corrected I believe. Yes, we will account for the exact expenses in the accounting after the end of the month. |
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kslaughter (OP)
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June 13, 2013, 12:02:39 AM |
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Dividends of 0.00000077/share have been paid.
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Vbs
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June 13, 2013, 12:13:14 AM |
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bryan567
Newbie
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Activity: 29
Merit: 0
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June 13, 2013, 12:41:36 AM |
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MOAR DIVIDENZ PLEASE!!  |
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LorenzoMoney
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June 13, 2013, 01:50:27 AM |
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Where are all the critics and accusers against AMC now?
DIVIDENDS GOT PAID OUT FROM MINING!
Yay, Ken!
Yay, AMC!
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enigmazr
Newbie
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Activity: 27
Merit: 0
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June 13, 2013, 02:02:06 AM |
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Thanks for initiating the dividends Ken.
What are your plans for the frequency of future payouts? Daily? Weekly?
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kslaughter (OP)
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June 13, 2013, 02:57:39 AM |
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Thanks for initiating the dividends Ken.
What are your plans for the frequency of future payouts? Daily? Weekly?
Weekly, week ends Tuesday 23:59 UTC, dividends paid within 48 hours of that date. |
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enigmazr
Newbie
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Activity: 27
Merit: 0
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June 13, 2013, 04:59:35 AM |
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Thanks for initiating the dividends Ken.
What are your plans for the frequency of future payouts? Daily? Weekly?
Weekly, week ends Tuesday 23:59 UTC, dividends paid within 48 hours of that date. Perfect! Thanks. |
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forensick
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June 13, 2013, 05:30:44 AM |
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Thanks for initiating the dividends Ken.
What are your plans for the frequency of future payouts? Daily? Weekly?
Weekly, week ends Tuesday 23:59 UTC, dividends paid within 48 hours of that date. great, buying more shares... |
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babybonobo
Sr. Member
Offline
Activity: 278
Merit: 250
#hardworkpaysoff
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June 13, 2013, 05:53:19 AM |
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Very nice! It will only get better from here! Definitely speculating quick growth this month and next month for AMC.
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joele
Legendary
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Activity: 1022
Merit: 1000
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June 13, 2013, 07:47:41 AM |
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You are paying 40Million shares for dividend, are all these 40 Million shares sold already by investors?
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dhenson
Legendary
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Activity: 994
Merit: 1000
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June 13, 2013, 07:55:35 AM |
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You are paying 40Million shares for dividend, are all these 40 Million shares sold already by investors?
No 20mil = reinvestment fund 5mil = sold shares 15mil = unsold shares (unsold share profits go to AMC) |
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enigmazr
Newbie
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Activity: 27
Merit: 0
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June 13, 2013, 08:22:55 AM |
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Any idea on when the next 3 avalons will be coming in?
All 6 were ordered on Feb 18, albeit in two separate batches. The next 3 Avalons should be shipping soon, no? |
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ronaldlee0917
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June 13, 2013, 08:35:20 AM |
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Received my dividend today, around 0.05btc |
Donation: 18zXsfnSvGjQFJ6pEiKMg2uWGcxUCfJLzu Mastercoin - A new protocol layer built on top of Bitcoin |
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funkymunky
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June 13, 2013, 09:41:44 AM |
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Excellent, Thank you Ken.
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Vbs
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June 13, 2013, 10:26:43 AM |
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You are paying 40Million shares for dividend, are all these 40 Million shares sold already by investors?
No 20mil = reinvestment fund 5mil = sold shares 15mil = unsold shares (unsold share profits go to AMC) The last 15M are also counted as part of the reinvestment fund until issued (sold). At this moment, we have 40M authorized, 25M issued (5M issued to shareholders and 20M "issued" to the Growth/Expansion Fund) and 15M unissued. Dividends paid on unissued shares after the early-adopter phase will be retained by AMC and added to AMC's growth and expansion fund above until the shares are issued. |
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VMC-Gerald
Newbie
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Activity: 14
Merit: 0
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June 13, 2013, 03:27:40 PM |
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You are paying 40Million shares for dividend, are all these 40 Million shares sold already by investors?
No, but these are all issued shares. |
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stereotype
Legendary
Offline
Activity: 1554
Merit: 1000
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June 13, 2013, 04:50:11 PM |
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Any idea on when the next 3 avalons will be coming in?
All 6 were ordered on Feb 18, albeit in two separate batches. The next 3 Avalons should be shipping soon, no? If the sequential numbers of the orders are to be believed/followed, then i estimate within the next 2 days. But hey, there are zero guarantees in mining deliveries, right?!  |
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kslaughter (OP)
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June 13, 2013, 08:11:28 PM |
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AMC Accounting For May.  |
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Poll
