Inversting in AMC on Bitfunder, Good, Bad, and the Ugly

[moneymanagment]

Any ones thoughts on investing in AMC and the elusive Ken Slaughter.

[Eva Braun]

Dont do it.

[moneymanagment]

Any particular reason, I've read through every AMC forum I could find?

[Eva Braun]

AMC forum? didnt know they had one.

[moneymanagment]

Wondering what to make of this? posted today by Ken Slaughter:

3 of the Avalons are on the way, should be here on Monday.  After they arrive we will configure them and they will start mining.  After about a week of mining we will pay out a dividend to all issued shares of 100% of the mining revenue for the week.  So as long as you hold your shares you will receive dividends on the mining revenue of these machines.  3 more Avalon's are to be shipped to us in their batch 2.  We also have 68 16 chips boards coming ~306,000 GH/s.  Also, we have 20,000 Avalon ASIC chips on order giving us ~5.651 TH/s of hashing power.  You can use the link below to calculate the revenue from the machines.  One other thing is that half of the revenue goes back into buying more hashing power.

[Eva Braun]

bad imo

[rolloffacliffpleaseanddie]

bad imo

Agreed.

[skitchen]

...something suss...

[babybonobo]

I think Utko made a poor decision and didn't follow the agreement KSlaughter had originally written.  I am long on AMC.  I think he'll pull through.