[AMC]-The Official Active Mining Cooperative Discussion

[Ashitank]

SPRINGFIELD, MO, – June 26, 2013 – Active Mining Corporation (AMC) is announcing today the release of 2,000,000 shares at a price of 0.0025, in preparation for tomorrow's announcement concerning recent developments in their Research and Development program. The decision to release 2,000,000 today was made to resume the gathering of necessary funds for NRE costs, as soon as possible.  Active Mining Corporation is a Belize International Business Company DBA Active Mining Cooperative (AMC).

Very Smart move Sir.    

Hit the the hammer while iron is hot 

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[stereotype]

SPRINGFIELD, MO, – June 26, 2013 – Active Mining Corporation (AMC) is announcing today the release of 2,000,000 shares at a price of 0.0025, in preparation for tomorrow's announcement concerning recent developments in their Research and Development program. The decision to release 2,000,000 today was made to resume the gathering of necessary funds for NRE costs, as soon as possible.  Active Mining Corporation is a Belize International Business Company DBA Active Mining Cooperative (AMC).

Very Smart move Sir.   

Necessary, i would have thought. Too high too fast gets the uninitiated exposed, me thinks. We saw it when people wanted refunds from .0009 to .0005

P.S. Can someone stand at the Ask wall, and politely move along those sellers getting in the way, please. Thankyoumuch.

[Vbs]

Necessary, i would have thought. Too high too fast gets the uninitiated exposed, me thinks. We saw it when people wanted refunds from .0009 to .0005

P.S. Can someone stand at the Ask wall, and politely move along those sellers getting in the way, please. Thankyoumuch.

Selling right now is a bet against tommorow's news, simple as that. There are always two sides on each bet. I've chosen mine long ago!

[Diamondstarfall]

I'm so glad I invested ~5BTC months back and hating myself at the same time for not putting a higher % of my investments into AMC.

[Exocyst]

Necessary, i would have thought. Too high too fast gets the uninitiated exposed, me thinks. We saw it when people wanted refunds from .0009 to .0005

P.S. Can someone stand at the Ask wall, and politely move along those sellers getting in the way, please. Thankyoumuch.

Selling right now is a bet against tommorow's news, simple as that. There are always two sides on each bet. I've chosen mine long ago!

I have to admit, the announcement of the announcement has piqued my interest.  I'd like to see the pass-through on BTC-TC approved, though, because as of now, a bet on AMC is a bet on BitFunder AND a bet on WeExchange. I decided to punt a few coins on AMC/BitFunder/WeExchange, so I guess I am upgrading my previously held assessment of AMC from AMC is a SCAM to AMC is an interesting but risky investment.

[Ashitank]

Compiled list of posts of kslaughter concerning the upcoming news:

6/16/2013	We will have the prototype build[sic] in about 3 weeks, this is a clone of the Avalon without any changes, so it is already tested.  We will be posting pictures of the prototype when we receive it.
6/16/2013	Anyone who want to come to our manufacturing location at 450 H S. Union in Springfield, Missouri is welcome, just give us a call at 855-One-Bitcoin (663-2482) so we can arrange a time to meet you.  Also, just had a meeting last Thursday for the first time with a fellow miner here is Springfield.  His forum name is rustyh17, I am sure if you sent him a PM he would tell you that I am a real person.  He has offered to help us set up our manufacturing line.
6/16/2013	Our prototype is in the process of being build[sic].  The estimate on the time to get it completed is three weeks.  The Avalon clones we are building do not scale, so we will have a trade in program for our customers to protect their investment in our bitcoin mining equipment. How we plan to scale to 1.28 TH/s is with our own PCIe board which uses that interface for communications.  What that does in our system is that it allows up to go from 1 card ~20 GH/s to 64 cards using the main system plus 4 expansion cases.  So 64 cards time 20 GH/s = 1,280 GH/s or 1.28 TH/s Now, to do the 4.8 TH/s is a box uses the same set up above, but has our next generation cards in the unit.  Each card will be 75 GH/s.  These specification are subject to change as we are still working on our 45nm and 28nm chips. The plan for the 45nm and or 28nm chip is to build the card about and an even fast[sic] card with the 28nm chip.
6/18/2013	...our future series will have a motherboard and you will be able to mine LTC with the CPU on those units.
6/18/2013	I have been busy getting our own chip going.
6/18/2013	We are waiting on some results for our own chip before we would make a decision on BFL chips.
6/20/2013	The news we have received is still unfolding and may take a few more days before it is released.
6/20/2013	Don't worry, should AMC need to release more shares to the public, it will be due to the fact that we are in need of capital 1) to develop the chip we are working on, 2) to complete the increase in the hashing rate with the chips we have on order.  3) to increase the hashing rate of the cooperative by purchasing more chips.
6/22/2013	by building the Avalon clones we have gained valuable experience and have hired an excellent Electronic Engineering and Manufacturing Services firm to help us with the design.  We might be a little behind the ball for selling these machines, however AMC will have there own supply of machines by the end of August to start mining with.  These machines will have an ROI at retail (which AMC is not paying) of ~30-45 days.  So, AMC unlike any other mining cooperative does not have to depend on some manufacture i.e Avalon, BFL, KnC or anyone else to get its machines to mine with.  This a very big advantage for AMC and was the plan from the beginning. Now, since AMC is working on developing its own chip, news to come soon on that front, it is very possible that we could move from being behind the ball to being in front of the ball.
6/22/2013	News is coming soon!
6/23/2013	Not yet, hold on to your horses.

It looks like AMC has an Avalon protoype being wrapped up in the next week or two, and news about AMC's own proprietary chip is being released this upcoming thursday.

This along with 5 million shares being sold on BTC-TC after approval tells me that we will be moving forward with AMC's chip design since:

Don't worry, should AMC need to release more shares to the public, it will be due to the fact that we are in need of capital 1) to develop the chip we are working on, 2) to complete the increase in the hashing rate with the chips we have on order.  3) to increase the hashing rate of the cooperative by purchasing more chips.

We have a few weeks ahead of us that will be very interesting.

If we make it through August alive, look out.

AMC-PT is a few days now waiting for approval on btct.co and no one has read thoroughly the description?

https://btct.co/security/AMC-PT

Hint: Details tab > Ctrl+F "NRE"

Mr. Slaughter , these 2 post as per me have played a huge part  in increasing awareness & enlighting people about AMC future prospects &  I think have triggered share price increase,  these 2 guys deserve free KFC & bear i guess   

[Diamondstarfall]

I still have trouble grasping as to why shares rose from 0.0008 to 0.0025. 300%+ increase, just from speculation of an announcement, and ken issuing more shares all seems like an coincidence.

Could he and many that were involved in pumping the price up just so the newly issued IPO could be sold for a much higher price (0.0025) as opposed to 0.008+ or 0.001 which was what ken has noted in the past.

[VJain]

I still have trouble grasping as to why shares rose from 0.0008 to 0.0025. 300%+ increase, just from speculation of an announcement, and ken issuing more shares all seems like an coincidence.

Could he and many that were involved in pumping the price up just so the newly issued IPO could be sold for a much higher price (0.0025) as opposed to 0.008+ or 0.001 which was what ken has noted in the past.

The jump scared me - looks like a pump and dump - so I sold at a rate to break my capital out.

[Vbs]

I still have trouble grasping as to why shares rose from 0.0008 to 0.0025. 300%+ increase, just from speculation of an announcement, and ken issuing more shares all seems like an coincidence.

Could he and many that were involved in pumping the price up just so the newly issued IPO could be sold for a much higher price (0.0025) as opposed to 0.008+ or 0.001 which was what ken has noted in the past.

Investing into something bears a certain amount of risk. Anyone that bought a while ago at a small price had to bear a significant risk.

Tomorrow we'll know if the price of 0.0025 is justified or not by the remaining risk. Is the risk now 3 to 5 times smaller? We'll know tomorrow, I guess.

[stereotype]

I still have trouble grasping as to why shares rose from 0.0008 to 0.0025. 300%+ increase, just from speculation of an announcement, and ken issuing more shares all seems like an coincidence.

Could he and many that were involved in pumping the price up just so the newly issued IPO could be sold for a much higher price (0.0025) as opposed to 0.008+ or 0.001 which was what ken has noted in the past.

Investing into something bears a certain amount of risk. Anyone that bought a while ago at a small price had to bear a significant risk.

Tomorrow we'll know if the price of 0.0025 is justified or not by the remaining risk. Is the risk now 3 to 5 times smaller? We'll know tomorrow, I guess.

Nicely put, and the answer is yes. 

[maxmint]

Just thinking out loud: why are these additional 2 million shares thrown on the market today and not tomorrow, after the announcement was made? If the announcement is super-duper exciting then one could expect that the shares could be sold at an even higher rate, or not?

[Diamondstarfall]

Just thinking out loud: why are these additional 2 million shares thrown on the market today and not tomorrow, after the announcement was made? If the announcement is super-duper exciting then one could expect that the shares could be sold at an even higher rate, or not?

This is true, it seems that if the new was good enough, the additional shares would have been issued after the news.

Since ken has decided to issue the shares now at this all time high... I suspect the new is not big enough for such an increase and he is banking on that issuing shares now would yield more capital.

[therustytrombone]

Releasing shares for sale then releasing news.... a dump-n-pump! 

[kslaughter]

As a side note of much, much lesser importance, here is some other news which is not related to our announcement on Thursday.

The final 3 Avalon's have arrived and are being unpacked and configured as we speak.

[Diamondstarfall]

ken if you are reading, could you care to offer an explanation as to why you are issuing the shares before your "big" announcement.

EDIT:  Also can you comment on how you chose your new ipo price at 0.0025 when you have previously noted it being 0.001

[Kushedout]

Releasing shares for sale then releasing news.... a dump-n-pump! 

+1

[stereotype]

Releasing shares for sale then releasing news.... a dump-n-pump!  

+1

+1

That made me genuinely laugh out aloud.

[MrMochi]

ken if you are reading, could you care to offer an explanation as to why you are issuing the shares before your "big" announcement.

EDIT:  Also can you comment on how you chose your new ipo price at 0.0025 when you have previously noted it being 0.001

I don't understand either.
Surely if the news really is major.
The price would go even higher.
And selling shares after the news would be more profitable, no?

Either way I'm curious to the full details of the announcement.

[Kushedout]

ken if you are reading, could you care to offer an explanation as to why you are issuing the shares before your "big" announcement.

EDIT:  Also can you comment on how you chose your new ipo price at 0.0025 when you have previously noted it being 0.001

I don't understand either.
Surely if the news really is major.
The price would go even higher.
And selling shares after the news would be more profitable, no?

Either way I'm curious to the full details of the announcement.

Maybe its a bad news.

[stereotype]

ken if you are reading, could you care to offer an explanation as to why you are issuing the shares before your "big" announcement.

EDIT:  Also can you comment on how you chose your new ipo price at 0.0025 when you have previously noted it being 0.001

I don't understand either.
Surely if the news really is major.
The price would go even higher.
And selling shares after the news would be more profitable, no?

Either way I'm curious to the full details of the announcement.

Guys, the price has to go somewhere. Where would you put it?