[AMC]-The Official Active Mining Cooperative Discussion

[bigdude]

Im guessing those people selling AMC shares at under 0.0025 dont read these forums haha

Well, who is to say that just because we convert shares to the new AM, that those new AM shares are worth 0.0025 for those who want to sell.

There is already the mass 2million+ wall of shares at .0025 - https://bitfunder.com/asset/ActiveMining

The minute the transfer of AMC to AM shares take place, people will sell them at 0.00249 and undercut the wall again.

So do you think the AMC shares should be valued at 0.0025 - that is why the price of shares is less than that now.

The only thing that will make the price rise, is that AM performs and value increases, then share prices will increase naturally.

[Streets 2.0]

Im guessing those people selling AMC shares at under 0.0025 dont read these forums haha

Well, who is to say that just because we convert shares to the new AM, that those new AM shares are worth 0.0025 for those who want to sell.

There is already the mass 2million+ wall of shares at .0025 - https://bitfunder.com/asset/ActiveMining

The minute the transfer of AMC to AM shares take place, people will sell them at 0.00249 and undercut the wall again.

So do you think the AMC shares should be valued at 0.0025 - that is why the price of shares is less than that now.

The only thing that will make the price rise, is that AM performs and value increases, then share prices will increase naturally.

I say it in lieu of the fact that I believe the share prices will be worth a minimum that is a few factors more than the release price of 0.0025.

[stslimited]

yeah this asset transfer shenanigans doesn't exist as detailed.

I sold my AMC-PT at a tiny profit, and just transferred my bitcoins to bitfunder instead. Buying ActiveMining

don't want to wait for btct.co to approve something

[LiteBit]

So how many companies will we have to follow as holders of AMC, VMC, AM? Seems like all are owned by Ken and feed each other.  Why is one joining another and swapping into a different set of shares? Just to hit that adjusted IPO price? Is a new company going to be formed with each Fast-Hash unit that is made?

Why all the hoops?

[fdahq]

My shares in BTC-TC, I should like how to convert my operation AMC-PT shares to Bitfunder exchange AM Share it? BTC-TC above process can operate without direct conversion?

Please provide details of the process of operating the Conversion Shares. Best to attach a picture.

I support and join Conversion AM Shares.

[ArcticWolf]

So how many companies will we have to follow as holders of AMC, VMC, AM? Seems like all are owned by Ken and feed each other.  Why is one joining another and swapping into a different set of shares? Just to hit that adjusted IPO price? Is a new company going to be formed with each Fast-Hash unit that is made?

Why all the hoops?

No hoops. AMC is becoming ActiveMining. VMC and AMC are part of AM now.

All you have to follow is ActiveMining. Thats it.

EDIT: If you dont believe me, read the new contract

[VolanicEruptor]

we need to dedicate our efforts in explaining this to people now.
should we take shifts, or how should we do this?

[Streets 2.0]

we need to dedicate our efforts in explaining this to people now.
should we take shifts, or how should we do this?

I really think the general answer should be just pointing them to the collaborative contract, and that if they want to swap their shares, it is only currently supported on BitFunder, will be on BTCT soon?

[ArcticWolf]

we need to dedicate our efforts in explaining this to people now.
should we take shifts, or how should we do this?

I really think the general answer should be just pointing them to the collaborative contract, and that if they want to swap their shares, it is only currently supported on BitFunder, will be on BTCT soon?

You can currently swap your btctc shares for bitfunder shares. Ken said he is working on the offering to be launched on btctc tonight after things settle down

[burnside]

So how many companies will we have to follow as holders of AMC, VMC, AM? Seems like all are owned by Ken and feed each other.  Why is one joining another and swapping into a different set of shares? Just to hit that adjusted IPO price? Is a new company going to be formed with each Fast-Hash unit that is made?

Why all the hoops?

I am a little confused as to why this couldn't be handled at the exchange level.  Mergers and buyouts happen on wall street all the time and the exchanges handle things behind the scenes for the shareholders.

Ken, if you need help I'm happy to help transition everyone on AMC-PT to the new issue...  That way noone gets left behind.

Cheers.

[VolanicEruptor]

Weird.. I transferred my shares on Bitfunder to the proper name, and I just got my shares returned to me as AMC again..
Hope this goes smooth.  I'm a little worried.

[ArcticWolf]

So how many companies will we have to follow as holders of AMC, VMC, AM? Seems like all are owned by Ken and feed each other.  Why is one joining another and swapping into a different set of shares? Just to hit that adjusted IPO price? Is a new company going to be formed with each Fast-Hash unit that is made?

Why all the hoops?

I am a little confused as to why this couldn't be handled at the exchange level.  Mergers and buyouts happen on wall street all the time and the exchanges handle things behind the scenes for the shareholders.

Ken, if you need help I'm happy to help transition everyone on AMC-PT to the new issue...  That way noone gets left behind.

Cheers.

You rock burnside! Currently all of mine are on bitfunder but I'd like to have them split between the two

[burnside]

So how many companies will we have to follow as holders of AMC, VMC, AM? Seems like all are owned by Ken and feed each other.  Why is one joining another and swapping into a different set of shares? Just to hit that adjusted IPO price? Is a new company going to be formed with each Fast-Hash unit that is made?

Why all the hoops?

I am a little confused as to why this couldn't be handled at the exchange level.  Mergers and buyouts happen on wall street all the time and the exchanges handle things behind the scenes for the shareholders.

Ken, if you need help I'm happy to help transition everyone on AMC-PT to the new issue...  That way noone gets left behind.

Cheers.

You rock burnside! Currently all of mine are on bitfunder but I'd like to have them split between the two

I just PM'd Ken and offered up the assistance of btct.co.  When the new issue is approved we would lock trading on AMC-PT and transfer over all the shares to the new issue.  It'd be painless for everyone involved.

Cheers.

[Streets 2.0]

[quo bte author=burnside link=topic=158806.msg2686925#msg2686925 date=1373339098]

So how many companies will we have to follow as holders of AMC, VMC, AM? Seems like all are owned by Ken and feed each other.  Why is one joining another and swapping into a different set of shares? Just to hit that adjusted IPO price? Is a new company going to be formed with each Fast-Hash unit that is made?

Why all the hoops?

I am a little confused as to why this couldn't be handled at the exchange level.  Mergers and buyouts happen on wall street all the time and the exchanges handle things behind the scenes for the shareholders.

Ken, if you need help I'm happy to help transition everyone on AMC-PT to the new issue...  That way noone gets left behind.

Cheers.

You rock burnside! Currently all of mine are on bitfunder but I'd like to have them split between the two

I just PM'd Ken and offered up the assistance of btct.co.  When the new issue is approved we would lock trading on AMC-PT and transfer over all the shares to the new issue.  It'd be painless for everyone involved.

Cheers.
[/quote]

Ken you need to take advantage of this, and bitfunder needs to take notice.. just sayin

[iCEBREAKER]

I just PM'd Ken and offered up the assistance of btct.co.  When the new issue is approved we would lock trading on AMC-PT and transfer over all the shares to the new issue.  It'd be painless for everyone involved.

Cheers.

Ken you need to take advantage of this, and bitfunder needs to take notice.. just sayin

I like painless! 

BF needs to do the same, because I can guarantee not all AMC shareholders have the Google Auth required for share transfers enabled.

[VolanicEruptor]

Weird.. I transferred my shares on Bitfunder to the proper name, and I just got my shares returned to me as AMC again..
Hope this goes smooth.  I'm a little worried.

Anyone else experiencing this same problem?

[Exocyst]

Weird.. I transferred my shares on Bitfunder to the proper name, and I just got my shares returned to me as AMC again..
Hope this goes smooth.  I'm a little worried.

Anyone else experiencing this same problem?

I had the same problem, but Ken sent me an e-mail and asked me to redo the transfer and the tender e-mail. I now have my shares of Active Mining.

[ninjaboon]

I just PM'd Ken and offered up the assistance of btct.co.  When the new issue is approved we would lock trading on AMC-PT and transfer over all the shares to the new issue.  It'd be painless for everyone involved.
Cheers.

burnside to the rescue. thanks!
I'm about to launch an IPO too and learning from this incident.

[VolanicEruptor]

Weird.. I transferred my shares on Bitfunder to the proper name, and I just got my shares returned to me as AMC again..
Hope this goes smooth.  I'm a little worried.

Anyone else experiencing this same problem?

I had the same problem, but Ken sent me an e-mail and asked me to redo the transfer and the tender e-mail. I now have my shares of Active Mining.

I resent the shares.  Hope he doesn't forget about me. 

[bigdude]

Im guessing those people selling AMC shares at under 0.0025 dont read these forums haha

Well, who is to say that just because we convert shares to the new AM, that those new AM shares are worth 0.0025 for those who want to sell.

There is already the mass 2million+ wall of shares at .0025 - https://bitfunder.com/asset/ActiveMining

The minute the transfer of AMC to AM shares take place, people will sell them at 0.00249 and undercut the wall again.

So do you think the AMC shares should be valued at 0.0025 - that is why the price of shares is less than that now.

The only thing that will make the price rise, is that AM performs and value increases, then share prices will increase naturally.

I say it in lieu of the fact that I believe the share prices will be worth a minimum that is a few factors more than the release price of 0.0025.

https://bitfunder.com/asset/ActiveMining

As I said, it happening already. As soon as AM shares are in peoples hands - they will sell and undercut the 2mil+ wall of shares at .0025

Now, the price will simply start drifting down as people cut in front of each other to sell ... boom, price will be the same as AMC.

Price will never increase so long as the wall is there.

So people hoping to buy AMC shares now, and convert to AM for a profit - will fail. The price on both AMC and AM will be the same. So no point in trying to buy AMC cheap, and profit on AM - price points will be the same