[AMC]-The Official Active Mining Cooperative Discussion

[Exocyst]

Raised 18.38% of BTC10,000 without even making the announcement yet.

[MikkisJ]

So how many shares are issued now? Is that 40,000,000 + 2,000,000 (being issued now at bitfunder) + 2,000,000 (being issued now at btct)?

[enigmazr]

I live about 7 hours driving distance from Springfield.  I might have to visit you sometime soon Ken!!  Exciting things happening.  Can't wait for the pending news!

[lewicki]

So how many shares are issued now? Is that 40,000,000 + 2,000,000 (being issued now at bitfunder) + 2,000,000 (being issued now at btct)?

The 5 million on BTC-TC are part of the 40 million issued on BitFunder. 40,000,000 shares issued total.

[auto2nr1]

So as of right now there are 40,000,000 shares issued for the time being in total. Out of those 20,000,000 shares will be retained by AMC to maintain a growth and expansion fund. Right now is there a total of 7,000,000 on the market? Where can we see how many shares have been opened up for trading?

So how many shares are issued now? Is that 40,000,000 + 2,000,000 (being issued now at bitfunder) + 2,000,000 (being issued now at btct)?

No one answered my question. But this is what i am thinking now.

40,000,000 shares issued.
---
20,000,000 shares for growth and expansion
5,000,000 early adopter shares originally issued
2,000,000 early adopter shares 2nd round
2,000,000 bitfunder amc-pt btct.co shares
---

So we have 11,000,000 shares still available if needed?

[lewicki]

So as of right now there are 40,000,000 shares issued for the time being in total. Out of those 20,000,000 shares will be retained by AMC to maintain a growth and expansion fund. Right now is there a total of 7,000,000 on the market? Where can we see how many shares have been opened up for trading?

So how many shares are issued now? Is that 40,000,000 + 2,000,000 (being issued now at bitfunder) + 2,000,000 (being issued now at btct)?

No one answered my question. But this is what i am thinking now.

40,000,000 shares issued.
---
20,000,000 shares for growth and expansion
5,000,000 early adopter shares originally issued
2,000,000 early adopter shares 2nd round
2,000,000 bitfunder amc-pt btct.co shares
---

So we have 11,000,000 shares still available if needed?

https://bitfunder.com/assetlist

AMC   20,000,000   133vWXKUDgUHJ1RmFV7WQwr2N7Y1SF2QvV
AMC   8,809,056   19G1bxo86NZc2CwP6Qq9981fkbFtVUDc56
AMC   4,623,458   16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP
--------------------------------------------------------
AMC   1,005,641   19kcTDYvBFd2W3CY8giV7wBep6GFvjNmTQ
AMC   617,403   1PHTa8x3Jo4nowjNDVLFxfpCtnE1Lasmgw
AMC   271,866   1G9CD1bVJ1E1MrUhC87sxZJ2QZ17uJqzVD
AMC   237,362   1NAZhPAhVKNbek9rgXSTjk2v5FXuyGPqsS
AMC   205,563   1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
AMC   200,001   1Jzhrg2SYQcV7QZQU62Fef1K2zW9bMfF92
AMC   200,000   17MgYS26MFiPB5gi7z3TqrbHETKXqap4mN
AMC   179,000   1NJ4H2SMH4kaKXGFDQzCiJAYmYkWLatMxW
AMC   150,000   17vccqmnhJGZri6LWtRhJgta9yeKpns8TS
AMC   110,210   13DzTjabVGGN64Rc8V7tAkSZJ7BHUxuQqY
AMC   104,605   1EvTU1PFqAF6n3qXemeUXVTKbEFy5Rvaz4
AMC   101,000   17k5yt6nLNLNsgeGY61sqt9F2QcMRe4tAA
AMC   100,544   1KH752orCcF5JPRVicDqoLNqsuDs1MpsGc
AMC   100,126   12ReWsanTsbWGxrRqgoRijJcRr74Duj6h6
AMC   100,126   1HEEyQqdjUjz2ZBBxYNDSo2Sp2GPmvYexm
AMC   100,126   11128WoN565mVBD6upS5hwkBFkrncntJRX
AMC   100,000   1LKSeSk8cE2hEPGPs4Chx7EsGa5KuAwmDQ

These 2 addresses account for the 5 million shares on BTC-TC and BitFunder:
AMC   4,623,458   
AMC   8,809,056

Some other account is holding the missing ones form the 5 million that started on BTC-TC

   

[ChronoX5]

So as of right now there are 40,000,000 shares issued for the time being in total. Out of those 20,000,000 shares will be retained by AMC to maintain a growth and expansion fund. Right now is there a total of 7,000,000 on the market? Where can we see how many shares have been opened up for trading?

So how many shares are issued now? Is that 40,000,000 + 2,000,000 (being issued now at bitfunder) + 2,000,000 (being issued now at btct)?

No one answered my question. But this is what i am thinking now.

40,000,000 shares issued.
---
20,000,000 shares for growth and expansion
5,000,000 early adopter shares originally issued
2,000,000 early adopter shares 2nd round
2,000,000 bitfunder amc-pt btct.co shares
---

So we have 11,000,000 shares still available if needed?

Sounds about right, don't forget that the 4mil on bitfunder and btct are for a large part still in Ken's hands.

[Exocyst]

Seems to me like the demand BTC-TC is higher than on BitFunder, where sellers are asking for prices negligibly lower than 0.0025, which suggests some shareholders are trying to move their investments to BTC-TC. Where do AMC shareholders prefer to trade?

[lewicki]

Seems to me like the demand BTC-TC is higher than on BitFunder, where sellers are asking for prices negligibly lower than 0.0025, which suggests some shareholders are trying to move their investments to BTC-TC. Where do AMC shareholders prefer to trade?

There's more money over there, and no one (as of yet) that has bought below .0025 (no undercutting).

[binaryFate]

which will receive a total of 100% of the company's virtual-currency profits after all expenses until the total dividends paid is equal to the offering price of .0005

Does it mean that once we get 0.0005 in dividends, the company can just stop paying dividends at all? Does not make sense if you buy at 0.0025.

[asyn]

VMC and AMC will be making a joint announcement this coming Thursday about
their Research And Development.

Timer removed. End time: 2013-06-27+18:00:00

Silly question maybe: Where will this announcement get published?

In this thread or at VMCs website?

[chsados]

which will receive a total of 100% of the company's virtual-currency profits after all expenses until the total dividends paid is equal to the offering price of .0005

Does it mean that once we get 0.0005 in dividends, the company can just stop paying dividends at all? Does not make sense if you buy at 0.0025.

+1

[rikur]

This is going to end in tears.

[grimholt]

which will receive a total of 100% of the company's virtual-currency profits after all expenses until the total dividends paid is equal to the offering price of .0005

Does it mean that once we get 0.0005 in dividends, the company can just stop paying dividends at all? Does not make sense if you buy at 0.0025.

+1

This.

[luke.watson]

which will receive a total of 100% of the company's virtual-currency profits after all expenses until the total dividends paid is equal to the offering price of .0005

Does it mean that once we get 0.0005 in dividends, the company can just stop paying dividends at all? Does not make sense if you buy at 0.0025.

+1

This.

Then AMC can start capitalizing on the shares at the moment share holders get 100% and AMC is funded via purchasing shares

When the initial 0.0005 has been paid then AMC will start to receive dividends too

[luke.watson]

VMC and AMC will be making a joint announcement this coming Thursday about
their Research And Development.

Timer removed. End time: 2013-06-27+18:00:00

Silly question maybe: Where will this announcement get published?

In this thread or at VMCs website?

Most likely on VMCs site, Bitfunder, here and btct.co

[binaryFate]

which will receive a total of 100% of the company's virtual-currency profits after all expenses until the total dividends paid is equal to the offering price of .0005

Does it mean that once we get 0.0005 in dividends, the company can just stop paying dividends at all? Does not make sense if you buy at 0.0025.

+1

This.

Then AMC can start capitalizing on the shares at the moment share holders get 100% and AMC is funded via purchasing shares

When the initial 0.0005 has been paid then AMC will start to receive dividends too

But what does it mean for shareholders? After the threshold of 0.0005 of dividends, the company is not obliged by contract to pay anything right? The guy couldn't just decide to pay himself most of the benefices then?

[Birdy]

which will receive a total of 100% of the company's virtual-currency profits after all expenses until the total dividends paid is equal to the offering price of .0005

Does it mean that once we get 0.0005 in dividends, the company can just stop paying dividends at all? Does not make sense if you buy at 0.0025.

+1

This.

Then AMC can start capitalizing on the shares at the moment share holders get 100% and AMC is funded via purchasing shares

When the initial 0.0005 has been paid then AMC will start to receive dividends too

But what does it mean for shareholders? After the threshold of 0.0005 of dividends, the company is not obliged by contract to pay anything right? The guy couldn't just decide to pay himself most of the benefices then?

I have also wondered about this.

[luke.watson]

which will receive a total of 100% of the company's virtual-currency profits after all expenses until the total dividends paid is equal to the offering price of .0005

Does it mean that once we get 0.0005 in dividends, the company can just stop paying dividends at all? Does not make sense if you buy at 0.0025.

+1

This.

Then AMC can start capitalizing on the shares at the moment share holders get 100% and AMC is funded via purchasing shares

When the initial 0.0005 has been paid then AMC will start to receive dividends too

But what does it mean for shareholders? After the threshold of 0.0005 of dividends, the company is not obliged by contract to pay anything right? The guy couldn't just decide to pay himself most of the benefices then?

I have also wondered about this.

"1 share of AMC on BitFunder represents 1/100,000,000th of 100% of the monthly profits after all expenses."

"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"

I dont think Ken is in it to rip anyone off, I'm sure he understands from the great community response he's had in terms of support and funding, that he can make a lot of money from this venture. It's certainly not in his best interest to take the money and run..

But what do I know, hopefully someone with better insight will be able to help me out

[tigereye]

My interpretation of the wording is that after the first 40M shares receive dividends to cover the initial 0.0005 investment, then the dividends would be spread over the full 100M shares instead of just the initial 40M.

The 40M were issued first, and have already been receiving dividends.
These extra shares are newer, so would receive dividends later.

My interpretation could be completely incorrect though. Perhaps Ken can provide clarity on this point.