[AMC]-The Official Active Mining Cooperative Discussion

[steveioio]

While we are here I have a question for you. If and I say IF as this is only relating to a POSSIBILITY, IF AMC folds because of a scam then how would that manifest itself and how would we come to learn about it? Would the exchanges be informed by AMC and the shares frozen? Would AMC simply go silent then we would gradually know what's going on over the course of a few days? Would there be a statement released somewhere?

[steveioio]

I can't believe he just said that!

I didn't say it - I typed it.

'But you said earlier in the thread' - not to be taken literally.

[Ashitank]

This thread has become a mess 

[steveioio]

 and with ken's hype and issuing 4million way overpriced shares, it all made sense to me.

That's not quite fair. Every company that issues new shares to the market is free to set the price that they feel reflects value for money based on forecast dividend profit. So it could have been a genuine move from a genuine company. It's the details that are more suspect to me. That share sale is not really questionable in and of itself.

[steveioio]

This thread has become a mess 

That's a great contribution. 

[Diamondstarfall]

ken I'm not buying back until I get some answers outta you.

[Vbs]

The current 6 Avalons are hashing on BTC Guild, under "Team AMC". https://www.btcguild.com/index.php?page=rankings&section=teams

Does this count for vaporware too?

[steveioio]

This thread has become a mess 

That's a great contribution. 

This thread has become a mess

Do you want a kiss too? Oh go on then 

[Vbs]

This thread has become a mess 

That's a great contribution. 

This thread has become a mess

+1

[auto2nr1]

The current 6 Avalons are hashing on BTC Guild, under "Team AMC". https://www.btcguild.com/index.php?page=rankings&section=teams

Does this count for vaporware too?

$25 Million dollars for 6 Avalons is one hell of a premium.  At best they are worth $120k.

I agree. Even with the good news for the future the valuation of AMC is way overpriced. Stop issuing more shares and let the market play itself out. If Ken did not put up that 2m share wall before announcement i don't think we would have got deeper into this mess.

[Vbs]

The current 6 Avalons are hashing on BTC Guild, under "Team AMC". https://www.btcguild.com/index.php?page=rankings&section=teams

Does this count for vaporware too?

$25 Million dollars for 6 Avalons is one hell of a premium.  At best they are worth $120k.

I agree. Even with the good news for the future the valuation of AMC is way overpriced. Stop issuing more shares and let the market play itself out. If Ken did not put up that 2m share wall before announcement i don't think we would have got deeper into this mess.

He is just manipulating the price, as 20M are always reserved for re-investment.

[ShroomsKit]

The current 6 Avalons are hashing on BTC Guild, under "Team AMC". https://www.btcguild.com/index.php?page=rankings&section=teams

Does this count for vaporware too?

$25 Million dollars for 6 Avalons is one hell of a premium.  At best they are worth $120k.

I agree. Even with the good news for the future the valuation of AMC is way overpriced. Stop issuing more shares and let the market play itself out. If Ken did not put up that 2m share wall before announcement i don't think we would have got deeper into this mess.

He is just manipulating the price, as 20M are always reserved for re-investment.

 

[ajk]

Bitcoin Megastore,

Perhaps if you put this much effort into making your business run you would actually be making money instead of begging for people to tip you, We understand you are temporarily correct as well as the few others who also called a crash, however, You can tell who is a bit more professional and who is acting like a god damn child as if this is the first time he/she has ever been correct,

I have to say Ken's setup of announcing news and building a wall was setup for failure, but my main concern is how Ken has stayed extremely quiet throughout this ordeal I am assuming he also is not pleased about the recent price disaster but Im sure it would ease some peoples minds about the recent events,

All I know is that aside of the 40m and 100m share ordeal, the 60m difference is not added for about 10 months so any math incurring the valuation of the company should be multiplied by 40m

I am still going to hold because the 20 BTC I put in was a weeks worth of dividends from AM shares and was a gamble to begin with and will end the same way, but I am holding because Ken has 6 avalons and chips on the way and from the current setup half is going to reinvesting of equipment and 20m is getting paid dividends,

Everything right now is just noise until this happens, whether or not Ken is running a scam is in question and hopefully we see some better answers but at the moment this thread is just BitcoinMegastore beating the shit out of the dead horse  

[auto2nr1]

Would it be possible for Ken to re-write the original contract and get rid of a lot of wacky text that works only in his & VMC's favor? If this happened and there would be no more price manipulation and also dilution of shares.

I would want the cap set at a lower amount of shares. 40m sounds reasonable where 50% of the revenue goes back into grow and expansion and 50% goes back in dividends to shareholders. New shares that have yet to be released should be released at the market value at the time of the release. VMC/AMC should keep things simple like ASICMINER by mining and manufacturing hardware. This way investors are happy because they are investing into 100% of the business without us funding Ken's side project (VMC). Also i think this will eliminate all the heat being put on Ken and scaring away new investors. Sound reasonable guys?

[Diamondstarfall]

Where is ken slaughter?

[TheSwede75]

The current 6 Avalons are hashing on BTC Guild, under "Team AMC". https://www.btcguild.com/index.php?page=rankings&section=teams

Does this count for vaporware too?

Damn! That's almost 400 BTC worth right there, so where is the other 98% of the company value?

[lolstate]

It is not dead horse for as long price of shares is not 0. It would be cool if you let me do what I want to do here and not worry about my business
or money.

Megamouth, your posts have no value. You are spewing words that hardly form coherent sentences half the time. Why don't you go and spend your energy productively elsewhere? Perhaps you could work on your website, or take up a hobby. Maybe learn a new language?

If I were Ken, I'd be doing as Ken has done up until now. Working on building AMC to create share holder value and ignoring petulant children like yourself, because, really, you bring nothing to the table.

I expect Ken will chip in soon enough and give us his thoughts. As for explanations some seem to be demanding, the 'explanation' as to what has happened in the last few days is really quite simple. A small number of flippers decided to cash in just under the 0.0025 wall. Coincidently (   ), a lot of FUD started to appear here and elsewhere. This spooked most of the weak hands and they ran for the exits. There really is nothing more to add, other than a handful of people buying back in will drive the price back to 0.0025 with ease.

The last few days are merely a blip on the long road ahead. If you are holding AMC long term you will be rewarded. If you don't want to invest or don't have the stomach for it, go elsewhere and leave us in peace, taking any conspiracy theories and negativity with you.

There are many challenges ahead in the Bitcoin ecosystem - infighting here isn't helping anyone. Good luck to everyone.

[hamiltino]

Man i feel so fuking bad for everyone, everyone is getting angry at each other cause they need to release that anger inside about what happened and using eachother as the outlet.

This is not good for bitcoin and for the community in general.

But life is about learning and its journeys however crazy the roller-coaster ride is.

[Entropy-uc]

Bitcoin Megastore,

Perhaps if you put this much effort into making your business run you would actually be making money instead of begging for people to tip you, We understand you are temporarily correct as well as the few others who also called a crash, however, You can tell who is a bit more professional and who is acting like a god damn child as if this is the first time he/she has ever been correct,

I have to say Ken's setup of announcing news and building a wall was setup for failure, but my main concern is how Ken has stayed extremely quiet throughout this ordeal I am assuming he also is not pleased about the recent price disaster but Im sure it would ease some peoples minds about the recent events,

All I know is that aside of the 40m and 100m share ordeal, the 60m difference is not added for about 10 months so any math incurring the valuation of the company should be multiplied by 40m

I am still going to hold because the 20 BTC I put in was a weeks worth of dividends from AM shares and was a gamble to begin with and will end the same way, but I am holding because Ken has 6 avalons and chips on the way and from the current setup half is going to reinvesting of equipment and 20m is getting paid dividends,

Everything right now is just noise until this happens, whether or not Ken is running a scam is in question and hopefully we see some better answers but at the moment this thread is just BitcoinMegastore beating the shit out of the dead horse  

I'd love to see the dividend calculations explained clearly.  Maybe you can do it?  A simple table would do like so:

Code:

Shares outstanding
Ken:               40 000 0000
AMC capital fund:  20 000 000
Treasury shares :  32 000 000 (?)
Shareholders:       8 000 000 (?)

Treasury + Shareholders should be equal to 40 000 000 but I have no idea of the current split.

So 1 BTC in dividends delivers

Ken:  0 *  - until div per share > 0.0005
AMC capital:   0.33333 BTC
Treasury:      0.53333 BTC
Shareholders:  0.13333 BTC
 

Is this the correct way of calculating dividends?

[ajk]

If your asking me if I 100% trust Ken, I Don't, if your also asking me if I bought in for dividends should also be a big obvious No. I bought in because I thought it would do exactly what it did which was blast up in price whether it was manipulation or not the shares are so cheap = lots of potential buyers.

Second your math seems pretty good right,

AMC capital fund:  20 000 000
Treasury shares :  32 000 000 (?)
Shareholders:       8 000 000 (?)

Treasury + share holders = 40m + AMC capital fund = 60m

to my understanding there are 40m shares that are being paid, 20m of which are in the reinvesting of equipment and 20m of which are on BTCT and Bitfunder to be bought, all 40m is getting paid dividends but at the moment most are in Ken's possession (my guess)

I have no loyalty to Kens company or any investment for that matter, but do I want my small gamble to grow absolutely I want to use that money and have fun,

at the moment there is a lot of misinformation and question I have them as well im just trying to see through it and at least do my small part since ive been doing my research.