[AMC]-The Official Active Mining Cooperative Discussion

[ArcticWolf]

AMC Dividends Paid 0.00001830/share

woah... AM divs quintupled my  ASICMINER divs. I am thoroughly impressed or happy. Could this be a mistake? It was 1/5th of the returns i was getting from ASICMINER, now its 5 times that of ASICMINER. Do i dare ask how?

3 Avalon machines came online just before div last week I think - however I may be wrong

[auto2nr1]

The 3 avalons came in and also it looks like the dividends are being paid out correctly now. Only sold shares held by investors are being paid. I am glad this issue was resolved. I am pretty happy with the dividends paid.

[dhenson]

I'm honestly not trying to spread FUD, but what are peoples thoughts on the likely-hood of intervention by U.S. authorities?  I'm hesitant to re-invest as it seems that by incorporating in Belize and keeping a London address that Ken has been making very thin attempts at avoiding unwanted scrutiny.  I just don't think those measures will actually work.

What 'rules' are not being followed to prompt such precautions?

[Vbs]

I'm honestly not trying to spread FUD, but what are peoples thoughts on the likely-hood of intervention by U.S. authorities?  I'm hesitant to re-invest as it seems that by incorporating in Belize and keeping a London address that Ken has been making very thin attempts at avoiding unwanted scrutiny.  I just don't think those measures will actually work.

What 'rules' are not being followed to prompt such precautions?

I'd say 99% of the assets out there are even thinner, so there are easier fish to go after. Shares do not represent ownership, but rights to profits, everyone agreed on that before buying. Even btct.co describes itself as a virtual game.

Active Mining Corporation is incorporated in Belize, just like btct.co.

[dhenson]

Easier?  Maybe.  Bigger? No.

I'm just trying to figure out what exactly we are doing that might run afoul of regulation.  Is it because it's a non-publicly registered company in the US selling shares on a virtual exchange?

I like the changes that have been made and am seriously considering a significant (for me) investment in the newly configured company.  I'm just trying to gauge the risk that the rug might be pulled out from under the asset.  Not being familiar with the rules has me at a serious disadvantage.

[ArcticWolf]

Easier?  Maybe.  Bigger? No.

I'm just trying to figure out what exactly we are doing that might run afoul of regulation.  Is it because it's a non-publicly registered company in the US selling shares on a virtual exchange?

I like the changes that have been made and am seriously considering a significant (for me) investment in the newly configured company.  I'm just trying to gauge the risk that the rug might be pulled out from under the asset.  Not being familiar with the rules has me at a serious disadvantage.

I think VMC (the only physical part of the company) is incorporated in Delaware

[chsados]

Easier?  Maybe.  Bigger? No.

I'm just trying to figure out what exactly we are doing that might run afoul of regulation.  Is it because it's a non-publicly registered company in the US selling shares on a virtual exchange?

I like the changes that have been made and am seriously considering a significant (for me) investment in the newly configured company.  I'm just trying to gauge the risk that the rug might be pulled out from under the asset.  Not being familiar with the rules has me at a serious disadvantage.

This is some good news.  Definitely doesn't make it completely legal but a great step forward. 

https://wefunder.com/post/36-the-sec-just-voted-to-lift-the-ban-on-general-solicitation

[discobean]

Why are the divs so high?  On Bitfunder, AMC + ActiveMining divs = 248BTC

Where did you get 248 BTC, or 35BTC a day?  With 6 avalons, no way.

[EskimoBob]

Why are the divs so high?  On Bitfunder, AMC + ActiveMining divs = 248BTC

Where did you get 248 BTC, or 35BTC a day?  With 6 avalons, no way.

Bitfunder has 5 875 446 shares outstanding and btctc has 491 743.

This is 6367189*0.00001830=116,5195587
Where did you get  248BTC ?


Correction: AMC 7686710*0.00001830= is still out there... interesting.
I was sure those shares are merged/replaced by ActiveMining

[Vbs]

Remember that ActiveMining receives its dividends through the AMC shares it holds by tendering, so summing both is wrong.

[sebastienurbain]

I'm sorry if this was already asked, but what happens with my AMC shares on BTCT.CO? Will they automatically be replaced with AM Shares? How do I switch?

Thanks

[EskimoBob]

Remember that ActiveMining receives its dividends through the AMC shares it holds by tendering, so summing both is wrong.

If only outstanding shares that count are 7,686,710 of AMC, rest of the stuff is still a pass troughs (PT)?
So, why did he not just force the switch from A to B -  convert the AMC to ActiveMining and be done with it.
Did some people already buy "new" ActiveMining shares from the issuer? How many?

[ArcticWolf]

I'm sorry if this was already asked, but what happens with my AMC shares on BTCT.CO? Will they automatically be replaced with AM Shares? How do I switch?

Thanks

Only a few times lol
active
They will become ActiveMining shares automatically once the ActiveMining offering gets approved on btc-tc, you dont have to do anything unless you want the shares moved to bitfunder

[bougelahi]

I'm sorry if this was already asked, but what happens with my AMC shares on BTCT.CO? Will they automatically be replaced with AM Shares? How do I switch?

Thanks

Only a few times lol
active
They will become ActiveMining shares automatically once the ActiveMining offering gets approved on btc-tc, you dont have to do anything unless you want the shares moved to bitfunder

Definitely explicitly answered this earlier today at the expense of laughing at another user. please read what kslaughter has said guys. Don't tender if you have BTCT shares..

[ArcticWolf]

Remember that ActiveMining receives its dividends through the AMC shares it holds by tendering, so summing both is wrong.

If only outstanding shares that count are 7,686,710 of AMC, rest of the stuff is still a pass troughs (PT)?
So, why did he not just force the switch from A to B -  convert the AMC to ActiveMining and be done with it.
Did some people already buy "new" ActiveMining shares from the issuer? How many?

There is no function on BitFunder to change one share to another at the moment, Kan and Deprived are in talks to do it on btc-tc tho.

[discobean]

Remember that ActiveMining receives its dividends through the AMC shares it holds by tendering, so summing both is wrong.

Ok so AMC earned 141BTC then.  How did they almost triple their div in a week?

Each avalon machine is 1.1BTC a day, they would need 15-20 Avalons to generate that income.

Edit: on top of this, they are still doing 430GH/s, so nothing changed from last week.

[dhenson]

Remember that ActiveMining receives its dividends through the AMC shares it holds by tendering, so summing both is wrong.

Ok so AMC earned 141BTC then.  How did they almost triple their div in a week?

Each avalon machine is 1.1BTC a day, they would need 15-20 Avalons to generate that income.

Edit: on top of this, they are still doing 430GH/s, so nothing changed from last week.

In all seriousness... it might have been a typo.  183 satoshi's would have been expected, 1830 has to be a mistake.

[chsados]

Remember that ActiveMining receives its dividends through the AMC shares it holds by tendering, so summing both is wrong.

Ok so AMC earned 141BTC then.  How did they almost triple their div in a week?

Each avalon machine is 1.1BTC a day, they would need 15-20 Avalons to generate that income.

Edit: on top of this, they are still doing 430GH/s, so nothing changed from last week.

In all seriousness... it might have been a typo.  183 satoshi's would have been expected, 1830 has to be a mistake.

Yet no response from Ken?  I would think if he made a mistake (again) he would have said so already.  I too would like to know why it was so high.  One can speculate why...

[lolstate]

Remember that ActiveMining receives its dividends through the AMC shares it holds by tendering, so summing both is wrong.

Ok so AMC earned 141BTC then.  How did they almost triple their div in a week?

Each avalon machine is 1.1BTC a day, they would need 15-20 Avalons to generate that income.

Edit: on top of this, they are still doing 430GH/s, so nothing changed from last week.

In all seriousness... it might have been a typo.  183 satoshi's would have been expected, 1830 has to be a mistake.

Yet no response from Ken?  I would think if he made a mistake (again) he would have said so already.  I too would like to know why it was so high.  One can speculate why...

Is Ken allowed to sleep? Or does your approach to business require abandoning this barbarous habit?

As for 'One can speculate why...', give it up won't you? It has gotten stale and dare I say, very boring. 

[ArcticWolf]

Remember that ActiveMining receives its dividends through the AMC shares it holds by tendering, so summing both is wrong.

Ok so AMC earned 141BTC then.  How did they almost triple their div in a week?

Each avalon machine is 1.1BTC a day, they would need 15-20 Avalons to generate that income.

Edit: on top of this, they are still doing 430GH/s, so nothing changed from last week.

In all seriousness... it might have been a typo.  183 satoshi's would have been expected, 1830 has to be a mistake.

Yet no response from Ken?  I would think if he made a mistake (again) he would have said so already.  I too would like to know why it was so high.  One can speculate why...

Is Ken allowed to sleep? Or does your approach to business require abandoning this barbarous habit?

NO! The CEO of a company should be directly contactable by individual shareholders AT ALL TIMES!
(ps this is a joke)