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Author Topic: AMC Has Again Increased its Future Hash Power: 5.651 TH/s Estimated.  (Read 4142 times)
drdanishkhan
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May 30, 2013, 07:09:23 PM
 #41

FYI it's not a "press release" if it's not released by the press.  It should be called a news manipulation for marketing scheming.

+1  Angry

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kslaughter (OP)
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May 30, 2013, 07:26:36 PM
 #42

FYI it's not a "press release" if it's not released by the press.  It should be called a news manipulation for marketing scheming.

FYI "Press Releases" are not from the press, but for the press.
ThickAsThieves
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May 30, 2013, 07:54:09 PM
 #43

FYI it's not a "press release" if it's not released by the press.  It should be called a news manipulation for marketing scheming.

FYI "Press Releases" are not from the press, but for the press.

An ounce of truth from a pound of vapor Wink
Entropy-uc
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May 31, 2013, 01:54:47 AM
 #44

Thanks for the input! AFAIK, reinvestment is coming from the "Growth/Expansion Fund" (>=20M shares) and selling of shares. The values for the "Growth/Expansion Fund" represent the available BTC for reinvestment from the 20M accumulated share dividends.

Looking better? Smiley



(Acc stands for Accumulated).

You still haven't accounted for the number of outstanding shares.  AMC has 100M total.  40 M held by Kevin, 2 M sold, and 20M for a 'reinvestment account' (the same scam Ian Bakewell used, research it).  The other 38M I assume are to be sold to raise money (AMC needs at least $2M in capital to cover their published plans).

So dividends paid to share holders will be 2/22 M  = 0.09 of profits initially.  Eventually this is diluted to 0.02 of profits, and Kevin holds voting right to do whatever he pleases.

Put that in your spreadsheet and understand why you should sell while Kevin is pumping.
Vbs
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May 31, 2013, 03:15:47 AM
 #45

You still haven't accounted for the number of outstanding shares.  AMC has 100M total.  40 M held by Kevin, 2 M sold, and 20M for a 'reinvestment account' (the same scam Ian Bakewell used, research it).  The other 38M I assume are to be sold to raise money (AMC needs at least $2M in capital to cover their published plans).

So dividends paid to share holders will be 2/22 M  = 0.09 of profits initially.  Eventually this is diluted to 0.02 of profits, and Kevin holds voting right to do whatever he pleases.

Put that in your spreadsheet and understand why you should sell while Kevin is pumping.

Until 12 months or a dividend payout of 0.0005/share, AMC has 40M issued shares. Of those, any not sold are considered Growth/Expansion Fund shares.

On my spreadsheet I already accounted the 1/40M split in the "Dividends/share/month", so those are the dividends each share gets, independently of the amount of shares sold.

The Growth/Expansion Fund estimates assumes only the incoming dividends from 20M shares, so if there are only 2M sold, the dividends should assume 38M shares, almost doubling the available BTC/month for growth purposes.

When AMC transitions to 100M issued shares, each share profits will decrease 60%. IIRC, Asicminer's dividends decreased ~71% when they exited the "shareholder protection" plan (0.00750846/0.02600008). Undecided
Entropy-uc
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May 31, 2013, 03:22:55 AM
 #46

Comparing this venture to ASICMINER is like comparing a fully restored Ferrari to a rusted out 60s era VW.

ASICMINER paid out 100% of initial capital in less than a month.  This POS won't pay back in 1 year, even using your fantasy numbers.

On top of that Kevin's structure of the company is straight from scammer Ian Bakewell's playbook.  And his daily press release strategy, and pumping of stock prices is standard penny stock fraud operating principles.

NO HONEST COMPANY buys their own stock on an exchange while they are in the process of issuing shares.
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May 31, 2013, 07:15:22 AM
 #47

NO HONEST COMPANY buys their own stock on an exchange while they are in the process of issuing shares.

This was what was most concerning to me.  That and the overhyped press releases.  I do hope that these are just honest mistakes from a tech business owner who doesn't have much experience running a stock, but there is too much here that I question for me to stay in.  I did get out at a profit.  If I'm mistaken I'll probably reinvest later, but too much didn't feel right here for me to stay in for the short term.

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Entropy-uc
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June 01, 2013, 02:50:35 AM
 #48

NO HONEST COMPANY buys their own stock on an exchange while they are in the process of issuing shares.

This was what was most concerning to me.  That and the overhyped press releases.  I do hope that these are just honest mistakes from a tech business owner who doesn't have much experience running a stock, but there is too much here that I question for me to stay in.  I did get out at a profit.  If I'm mistaken I'll probably reinvest later, but too much didn't feel right here for me to stay in for the short term.


The fraudulent press releases are gone from Bitfunder now.  Thanks Ukyo!

AMC = BFL 2.0 has to be the best explanation of this company I have seen.
MPOE-PR
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June 01, 2013, 10:14:39 AM
 #49

NO HONEST COMPANY buys their own stock on an exchange while they are in the process of issuing shares.

This was what was most concerning to me.  That and the overhyped press releases.  I do hope that these are just honest mistakes from a tech business owner who doesn't have much experience running a stock, but there is too much here that I question for me to stay in.  I did get out at a profit.  If I'm mistaken I'll probably reinvest later, but too much didn't feel right here for me to stay in for the short term.


The fraudulent press releases are gone from Bitfunder now.  Thanks Ukyo!

AMC = BFL 2.0 has to be the best explanation of this company I have seen.

Awww, but I was looking forward to more increased estimated output of virtual mining equipment press releases (did I add enough nouns in there?).

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SOSLOVE868
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June 01, 2013, 04:52:36 PM
 #50

they might as well release a statement

AMC is again increasing its FUTURE hash power : 10000TH/s Estimated   Sad

I thought is 1000000THS/S?Huh Wink
kslaughter (OP)
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June 02, 2013, 05:36:05 PM
Last edit: June 03, 2013, 12:01:41 AM by kslaughter
 #51

SPRINGFIELD, MO, – June 2, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they have purchased a second full batch (10,000) of Avalon chips (Order # 10473)  to build ~31 Fast-Hash-80's for AMC, this would bring AMC's machine total to ~71 units. The ~71 machines will bring the cooperatives hash power to ~5,650,816 MH/s, ~35,651 GH/s, or ~5.651 TH/s.  Active Mining Corporation is a Vanuatu International Business Company DBA Active Mining Cooperative (AMC).

You can use the link below to calculate the income:

http://www.bitcoinx.com/profit/

Estimated Hash Rate: 5,650,816
Estimated Power: ~60,000

Avalon Shopping Cart Screenshot:

https://bitfunder.com/asset/AMC profile->images
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