[AMC]-The Official Active Mining Cooperative Discussion

[SoylentCreek]

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC.  There you that is the solution.  Tell me what you think.

It depends on how you write it up.  Also, will AMC shareholders have options for this new offering when/if the acquisition takes place?

Good question.  Yes, we should create a way for AMC shareholder to convert their shares to VMC shares.  Is this what you are asking?

Yes.

[FloatesMcgoates]

Do you get the feeling that having another offering with VMC and then trying to do buyouts and swaps will get too complicated?


Why not just announce that AMC has bought out VMC, there really is no difference which company buys out the other since it is just an accounting switchup on your end since you own both companies. But this way, there need not be any confusion with adding another public offering and attempting to find a good price swap point.


Having AMC buyout VMC would be pure value added for AMC, and the share price will rise substantially.

[bigdude]

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC.  There you that is the solution.  Tell me what you think.

How will VMC purchase AMC? Will it buy back all the shares of AMC?


But if you did create a VMC offering, and then unite VMC with AMC under one roof, then yes this is exactly what we are all looking for. Again, it is just really important for current shareholders and potential investors like myself to see these two companies merged into one.

Yes, VMC would start purchasing AMC shares until it has all of them.

There is no need for this.

Here a simple way to do it with one announcement:

1. VMC has been shutdown
2. AMC will now be doing the mining AND sales of chips/hardware itself

Done!


Note: I know that is simplistic, but really, there is no need to complicate matters, keep them simple on purpose. Now, in the real world, you may have signed some documentation with eASIC etc ... but you can re-sign them as AMC.

[kslaughter]

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC.  There you that is the solution.  Tell me what you think.

It depends on how you write it up.  Also, will AMC shareholders have options for this new offering when/if the acquisition takes place?

Good question.  Yes, we should create a way for AMC shareholder to convert their shares to VMC shares.  Is this what you are asking?

Yes.

Ok, I create a VMC offering, AMC shareholder can exchange 1 share of AMC for 1 share of VMC.  After the exchange period VMC will continue when
possible to purchase AMC shares on the open market until it has acquired all of AMC's shares.  How does that sound?

[kslaughter]

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC.  There you that is the solution.  Tell me what you think.

How will VMC purchase AMC? Will it buy back all the shares of AMC?


But if you did create a VMC offering, and then unite VMC with AMC under one roof, then yes this is exactly what we are all looking for. Again, it is just really important for current shareholders and potential investors like myself to see these two companies merged into one.

Yes, VMC would start purchasing AMC shares until it has all of them.

There is no need for this.

Here a simple way to do it with one announcement:

1. VMC has been shutdown
2. AMC will now be doing the mining AND sales of chips/hardware itself

Done!


Note: I know that is simplistic, but really, there is no need to complicate matters, keep them simple on purpose. Now, in the real world, you may have signed some documentation with eASIC etc ... but you can re-sign them as AMC.

That will not work!  I am sorry. 

[FloatesMcgoates]

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC.  There you that is the solution.  Tell me what you think.

It depends on how you write it up.  Also, will AMC shareholders have options for this new offering when/if the acquisition takes place?

Good question.  Yes, we should create a way for AMC shareholder to convert their shares to VMC shares.  Is this what you are asking?

Yes.

Ok, I create a VMC offering, AMC shareholder can exchange 1 share of AMC for 1 share of VMC.  After the exchange period VMC will continue when
possible to purchase AMC shares on the open market until it has acquired all of AMC's shares.  How does that sound?

The issue here is what price point are you planning to launch VMC at?

There is actually a really good opportunity for you if you plan to launch VMC at .0025 BTC/share. This way people will come en-masse to purchase AMC up to your wall at that same price point, and you will raise all the money you wanted to raise in the first place. Once the wall has been eliminated, you can halt all trading for AMC and then have people swap shares for VMC and voila the new company is formed.

[kslaughter]

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC.  There you that is the solution.  Tell me what you think.

It depends on how you write it up.  Also, will AMC shareholders have options for this new offering when/if the acquisition takes place?

Good question.  Yes, we should create a way for AMC shareholder to convert their shares to VMC shares.  Is this what you are asking?

Yes.

Ok, I create a VMC offering, AMC shareholder can exchange 1 share of AMC for 1 share of VMC.  After the exchange period VMC will continue when
possible to purchase AMC shares on the open market until it has acquired all of AMC's shares.  How does that sound?

The issue here is what price point are you planning to launch VMC at?

There is actually a really good opportunity for you if you plan to launch VMC at .0025 BTC/share. This way people will come en-masse to purchase AMC up to your wall at that same price point, and you will raise all the money you wanted to raise in the first place. Once the wall has been eliminated, you can halt all trading for AMC and then have people swap shares for VMC and voila the new company is formed.

Just came up with this idea, so I have not had time to think about price.  You make a very good point here.

[Exocyst]

Ken,
Could you lock the VMC IPO price at whatever the value of AMC is when trading is halted? I think this would be the safest way: then re-calculate how many shares you need to release in a VMC ipo to meet upcoming obligations. This way currently held AMC shares transferred to VMC wouldn't be de-valued by a lower IPO. You could still keep shares back for future development stages.

Does this make sense?

[oaxaca]

Ok, I create a VMC offering, AMC shareholder can exchange 1 share of AMC for 1 share of VMC.  After the exchange period VMC will continue when
possible to purchase AMC shares on the open market until it has acquired all of AMC's shares.  How does that sound?

Sounds like an opportunity to game the system.  What happens to the hold-outs who don't convert?

[FloatesMcgoates]

Ken,
Could you lock the VMC IPO price at whatever the value of AMC is when trading is halted? I think this would be the safest way: then re-calculate how many shares you need to release in a VMC ipo to meet upcoming obligations. This way currently held AMC shares transferred to VMC wouldn't be de-valued by a lower IPO. You could still keep shares back for future development stages.

Does this make sense?

No, I think the idea I had posted earlier makes alot of sense and will be the fairest in terms of price swaps.

If we simply froze right now, people who bought above current market price will lose and kenneth will have to do a fair amount of math to figure out how to fairly distribute shares of VMC.


The simplest way to do this is to announce that VMC will purchase all of AMC's stock at .0025, prompting the market to react and move AMC to .0025 and then market forces will by itself normalize price at .0025. Once this equillibrium has been reached, Kenneth can halt trading and initiate the 1 for 1 swaps.

[bigdude]

I just came up with a idea to solve this problem.

I will create an VMC offering, then VMC will purchase AMC.  There you that is the solution.  Tell me what you think.

How will VMC purchase AMC? Will it buy back all the shares of AMC?


But if you did create a VMC offering, and then unite VMC with AMC under one roof, then yes this is exactly what we are all looking for. Again, it is just really important for current shareholders and potential investors like myself to see these two companies merged into one.

Yes, VMC would start purchasing AMC shares until it has all of them.

There is no need for this.

Here a simple way to do it with one announcement:

1. VMC has been shutdown
2. AMC will now be doing the mining AND sales of chips/hardware itself

Done!


Note: I know that is simplistic, but really, there is no need to complicate matters, keep them simple on purpose. Now, in the real world, you may have signed some documentation with eASIC etc ... but you can re-sign them as AMC.

That will not work!  I am sorry. 

Because

[kslaughter]

Ken,
Could you lock the VMC IPO price at whatever the value of AMC is when trading is halted? I think this would be the safest way: then re-calculate how many shares you need to release in a VMC ipo to meet upcoming obligations. This way currently held AMC shares transferred to VMC wouldn't be de-valued by a lower IPO. You could still keep shares back for future development stages.

Does this make sense?

Yes it does, however I would have to think of a way to do that.  Need some time to think this over.

[kslaughter]

Ok, I create a VMC offering, AMC shareholder can exchange 1 share of AMC for 1 share of VMC.  After the exchange period VMC will continue when
possible to purchase AMC shares on the open market until it has acquired all of AMC's shares.  How does that sound?

Sounds like an opportunity to game the system.  What happens to the hold-outs who don't convert?

No problem, they stay in AMC as long as they want.  We do not force anyone to move their shares to VMC.
AMC keeps trading, it is just a chance for those that want to get into the selling of equipment to get into VMC.

[oaxaca]

Ok, I create a VMC offering, AMC shareholder can exchange 1 share of AMC for 1 share of VMC.  After the exchange period VMC will continue when
possible to purchase AMC shares on the open market until it has acquired all of AMC's shares.  How does that sound?

Sounds like an opportunity to game the system.  What happens to the hold-outs who don't convert?

No problem, they stay in AMC as long as they want.  We do not force anyone to move their shares to VMC.
AMC keeps trading, it is just an chance for those that want to get into the selling of equipment to get into VMC.

But then VMC does not own 100% of AMC. 

[kslaughter]

Ken,
Could you lock the VMC IPO price at whatever the value of AMC is when trading is halted? I think this would be the safest way: then re-calculate how many shares you need to release in a VMC ipo to meet upcoming obligations. This way currently held AMC shares transferred to VMC wouldn't be de-valued by a lower IPO. You could still keep shares back for future development stages.

Does this make sense?

No, I think the idea I had posted earlier makes alot of sense and will be the fairest in terms of price swaps.

If we simply froze right now, people who bought above current market price will lose and kenneth will have to do a fair amount of math to figure out how to fairly distribute shares of VMC.


The simplest way to do this is to announce that VMC will purchase all of AMC's stock at .0025, prompting the market to react and move AMC to .0025 and then market forces will by itself normalize price at .0025. Once this equillibrium has been reached, Kenneth can halt trading and initiate the 1 for 1 swaps.

I don't know how VMC can purchase AMC shares at .0025?  Tell me how to do that please.

[kslaughter]

Ok, I create a VMC offering, AMC shareholder can exchange 1 share of AMC for 1 share of VMC.  After the exchange period VMC will continue when
possible to purchase AMC shares on the open market until it has acquired all of AMC's shares.  How does that sound?

Sounds like an opportunity to game the system.  What happens to the hold-outs who don't convert?

No problem, they stay in AMC as long as they want.  We do not force anyone to move their shares to VMC.
AMC keeps trading, it is just an chance for those that want to get into the selling of equipment to get into VMC.

But then VMC does not own 100% of AMC. 

It doesn't have to.  The more it owns the better, but I don't see any reason it would have to own 100%.  Over time
as it makes money it could purchase more and more of AMC shares.  Do this make since?

[oaxaca]

Ok, I create a VMC offering, AMC shareholder can exchange 1 share of AMC for 1 share of VMC.  After the exchange period VMC will continue when
possible to purchase AMC shares on the open market until it has acquired all of AMC's shares.  How does that sound?

Sounds like an opportunity to game the system.  What happens to the hold-outs who don't convert?

No problem, they stay in AMC as long as they want.  We do not force anyone to move their shares to VMC.
AMC keeps trading, it is just an chance for those that want to get into the selling of equipment to get into VMC.

But then VMC does not own 100% of AMC.  

It doesn't have to.  The more it owns the better, but I don't see any reason it would have to own 100%.  Over time
as it makes money it could purchase more and more of AMC shares.  Do this make since?

AMC owns the IP.

[FloatesMcgoates]

Ken,
Could you lock the VMC IPO price at whatever the value of AMC is when trading is halted? I think this would be the safest way: then re-calculate how many shares you need to release in a VMC ipo to meet upcoming obligations. This way currently held AMC shares transferred to VMC wouldn't be de-valued by a lower IPO. You could still keep shares back for future development stages.

Does this make sense?

No, I think the idea I had posted earlier makes alot of sense and will be the fairest in terms of price swaps.

If we simply froze right now, people who bought above current market price will lose and kenneth will have to do a fair amount of math to figure out how to fairly distribute shares of VMC.


The simplest way to do this is to announce that VMC will purchase all of AMC's stock at .0025, prompting the market to react and move AMC to .0025 and then market forces will by itself normalize price at .0025. Once this equillibrium has been reached, Kenneth can halt trading and initiate the 1 for 1 swaps.

I don't know how VMC can purchase AMC shares at .0025?  Tell me how to do that please.

1.) Open VMC for trading, but do not put any asks
2.) Put a bid wall at .0025 for the remaining shares at the current .0025 wall for AMC
        - (Currently at 1,567,351)
3.) Announce that in say 1-2 weeks time, you will allow users to exchange 1 share of AMC for 1 share of VMC, and that trading for AMC will be closing after this time.

[kslaughter]

Ok, I create a VMC offering, AMC shareholder can exchange 1 share of AMC for 1 share of VMC.  After the exchange period VMC will continue when
possible to purchase AMC shares on the open market until it has acquired all of AMC's shares.  How does that sound?

Sounds like an opportunity to game the system.  What happens to the hold-outs who don't convert?

No problem, they stay in AMC as long as they want.  We do not force anyone to move their shares to VMC.
AMC keeps trading, it is just an chance for those that want to get into the selling of equipment to get into VMC.

But then VMC does not own 100% of AMC. 

AMC owns the IP.

It doesn't have to.  The more it owns the better, but I don't see any reason it would have to own 100%.  Over time
as it makes money it could purchase more and more of AMC shares.  Do this make since?

Still gets paid its 10% no problem.

[FloatesMcgoates]

Kenneth I will be sending you a PM in about 10 minutes time with further plans on how you can execute this and achieve maximum profit for both investors and yourself.