[AMC]-The Official Active Mining Cooperative Discussion

[Exocyst]

But crap, lets take all the money out then blame him for not making a space elevator with a shoestring, that'll work.  

I though the deal is about some 3rd-party almost outdated hardware and eventualy custom ASIC, something that costs so much less than $10M+

There is no content to your criticisms. This is becoming tired. This is clearly trolling and becoming borderline sabotage. I think Ken needs to reconsider deleting at least irrelevant posts. The thread has become cluttered with your baseless accusations.

[1714828142]

1714828142

[Vbs]

Ken, if eASIC already has an e-beam machine for 28nm (I know they had it for 45nm), you could ask them to quickly make a dozen chips for AMC.

It would be nice to get them in reference boards and send some to trusted community members, and get cgminer/bfgminer support rolling.

What reference boards? Those that were supposed to be posted on VMC thread weeks ago but are still not shown? Or prototypes of those boards,
that are not posted yet? Or hand-drawn prototypes of prototypes of boards, that are not posted yet? Get your facts right. There is nothing to be
shown here when it comes to AMC or VMC hardware.

Are you delusional? Get your facts straight! The chip was designed to be a drop-in replacement for FPGA boards.

[Exocyst]

Feeling tired of me? Excellent! If only you can become as tired as me, from seeing mindless idiots ruining anything and everything related to Bitcoin
but you can't experience that since you are one of those people.

Bitcoin isn't a family, a team, or a union—it's decentralized: the only people who can ruin it are developers and inconsiderate upgraders. I hardly see how a sticker seller is supposed to be a more well informed resource on securities. You would be wise to troll under a different moniker (if you aren't already) as I hardly see how your disrespectful attitude will drum up business for your trinkets.

[Kyune]

I don't follow this thread incredibly closely, as I don't own any shares, but if I understand correctly, Ken, AMC and VMC have all represented themselves, at one time or another, as being U.S.-based entities or businesses, presumably based in Missouri.  They may have opened themselves up to legal exposure simply by offering "shares" that are niot "registered" or otherwise in compliance with federal securities or Missouri Blue Sky laws.  On top of that, I have seen in this thread allegations of market manipulation, i.e., actions taken by Ken/AMC in terms of how shares have been priced and sold, that might further run afoul of those laws.

You can read more on the websites of the Missouri Secretary of State (http://www.sos.mo.gov/securities/pubs/complying_laws.asp) and the SEC (http://www.sec.gov/investor.shtml).  There are also links on those websites that allow current or former shareholders of AMC to lodge complaints and bring these matters to the attention of government regulators if they wish to do so.

AMC is registered in Belize.

Do you think that shields Ken or AMC from legal risk?  From what I've gathered, AMC is a wholly-owned subsidiary of VMC, which is itself a Delware-incorporated business with a principal place of business in Missouri.  At least, that is what is stated in the May 1, 2013 Private Placement Memorandum on Bitfunder (https://bitfunder.com/asset/AMC), pages 2 & 6.  

It isn't clear to me when AMC (the subsidiary) became a Belize-registered business, although I think I saw indications earlier in this thread that this happened after the initial offering of shares.  But the parent company is apparently still in the U.S., operating out of Missouri.  As is Ken, the mining operation, and the chip manufacturing operation, if I understand correctly.

[keepinithamsta]

Ken, if eASIC already has an e-beam machine for 28nm (I know they had it for 45nm), you could ask them to quickly make a dozen chips for AMC.

It would be nice to get them in reference boards and send some to trusted community members, and get cgminer/bfgminer support rolling.

What reference boards? Those that were supposed to be posted on VMC thread weeks ago but are still not shown? Or prototypes of those boards,
that are not posted yet? Or hand-drawn prototypes of prototypes of boards, that are not posted yet? Get your facts right. There is nothing to be
shown here when it comes to AMC or VMC hardware.

Are you delusional? Get your facts straight! The chip was designed to be a drop-in replacement for FPGA boards.

What chip? What FPGA boards? You obviously have no clue what I'm talking about so here is the link for you and alikes:

https://bitcointalk.org/index.php?topic=206488.msg2423962#msg2423962

I completely agree with everything you've said even though I own a small amount of shares.  Only reason I'm holding on is that I consider that single BTC completely gone already.  Statements that haven't materialized and otherwise lack of proof is going to kill this security.

[stenkross]

And it's back @ 0.0008

[ThickAsThieves]

And it's back @ 0.0008

Cheap shares!

[neilol]

ouch

[freedomno1]

And it's back @ 0.0008

Cheap shares!

Well waits for btct to match

[lolstate]

And it's back @ 0.0008

Selling behaviour is typical of weak hands being shaken out. Note that volumes are now thin, the value of individual trades are low. A few modest buys on btct and BitFunder will drive the price back to 0.0025.

[bbxx]

bought 1 month ago at 0.00089999, fortunatelly only 1.2k shares

i will keep this 1 btc till bottom, till the end, till satoshi value lol.

guys bought at 0.004 have huge loss now.

early adopters at 0.0025 are panic selling now.

did something happened or forum trolls shaked some weak hands?

[MrMochi]

Seems shareholders didn't like the news.
I guess I know now why AMC started selling those shares beforehand.

Whatever the truth or progress may be at AMC.
This security should have been managed properly from the start.
I feel sorry for the people who lost money over this.

If I had voting rights as a shareholder.
I'd knew where to put my vote.

[steveioio]

So it's clear that despite the news release there is not enough believable information out there to build up sufficient investor confidence to support a price of 0.0025.

The market will always find its own level and this episode demonstrates that at 0.0008 people had confidence enough to invest but crucially the news release has done nothing to bolster that confidence.

The reason - unverifiable statements. I think it's time we saw and heard from Ken, it's time we are allowed to hear from eASIC, it's time we saw video of the headquarters, of Ken, of rigs and chips. Until then 0.0008 is where it will and should stay.

Well done to the winners who sold +0.002

[steveioio]

Selling behaviour is typical of weak hands being shaken out. Note that volumes are now thin, the value of individual trades are low. A few modest buys on btct and BitFunder will drive the price back to 0.0025.

rotfl  not in a million years.

[bbxx]

i think there is only one good exit from this mess.

everyone holding shares now should be granted amount of shares he paid of stated ipo price 0.0005

so if u paid 0.00025 and have 1 share u should be given 4 extra.

[pneumatic5]

i think there is only one good exit from this mess.

everyone holding shares now should be granted amount of shares he paid of stated ipo price 0.0005

so if u paid 0.00025 and have 1 share u should be given 4 extra.

Wouldnt that be nice...

[lolstate]

So it's clear that despite the news release there is not enough believable information out there to build up sufficient investor confidence to support a price of 0.0025.

The market will always find its own level and this episode demonstrates that at 0.0008 people had confidence enough to invest but crucially the news release has done nothing to bolster that confidence.

The reason - unverifiable statements. I think it's time we saw and heard from Ken, it's time we are allowed to hear from eASIC, it's time we saw video of the headquarters, of Ken, of rigs and chips. Until then 0.0008 is where it will and should stay.

Well done to the winners who sold +0.002

Eh, does anyone here advancing doom and gloom know how to read an order book? The panic-stricken weak hands have unfortunately sold and many will regret it in the days to come. One savvy buyer could swoop in now and take the price back to 0.0025 on both btct and BitFunder. And then the buyers will flood back in at 0.0025, their confidence restored, since we are not going to 0.0 as they feared. All very predictable .

[ShroomsKit]

Damn, glad i got out with only a minor loss.

[bbxx]

Eh, does anyone here advancing doom and gloom know how to read an order book? The panic-stricken weak hands have unfortunately sold and many will regret it in the days to come. One savvy buyer could swoop in now and take the price back to 0.0025 on both btct and BitFunder. And then the buyers will flood back in at 0.0025, their confidence restored, since we are not going to 0.0 as they feared. All very predictable .

now people are taking serious loss

Quantity    Price
3737    ฿ 0.001515

btct.

AM is going up. safe bay as allways

[steveioio]

Eh, does anyone here advancing doom and gloom know how to read an order book? The panic-stricken weak hands have unfortunately sold and many will regret it in the days to come. One savvy buyer could swoop in now and take the price back to 0.0025 on both btct and BitFunder. And then the buyers will flood back in at 0.0025, their confidence restored, since we are not going to 0.0 as they feared. All very predictable .

Complete fantasy. These are not going anywhere back near 0.0025 until and unless hard evidence is put on the table and real progress is made. Do you know how many fingers have been burned today? The canny operators got out at .004 - they have made their money and they are not going to risk it on AMC again until things progress on the evidence front. Going nowhere.