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VolanicEruptor
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September 23, 2013, 01:08:22 PM |
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BTC-TC SHUTDOWN INFORMATION BTC-TC Investors will be able to transfer their shares to Bitfunder before the shutdown. ActiveMining will post the information on the procedure to transfer shares to Bitfunder later today in this thread. This would be a good time to think of what to do when BF also closes down, because its only a matter of time IMO. I have already though about that. AMC already has a Stock Exchange built and is in the testing phase. If Bitfunder is shutdown also, shares would be transferred to Active Mining Corporation own Stock Exchange. To avoid problems with the US, the Stock Exchange will block all US IP's and ask during signup if you are a US citizen. I believe your trying to refer to "direct shares". Sorry, VE, but no I am not referring to "direct shares". If I started my own stock exchange and sold volcaniceruptor shares, they would be direct shares because I am not a third party.. |
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drawingthesun
Legendary
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Activity: 1176
Merit: 1015
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September 23, 2013, 01:08:24 PM |
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Sure, that is a possibility also.
I think BF for the immediate future is the best idea. At least it would join both the markets finally. |
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jinyoubei
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September 23, 2013, 01:09:00 PM |
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@Ken, but you are US citizen no? Will that be an issue?
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drawingthesun
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September 23, 2013, 01:09:12 PM |
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If I started my own stock exchange and sold volcaniceruptor shares, they would be direct shares because I am not a third party..
I assume the exchange would list other securities. Maybe I misunderstood.  |
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drawingthesun
Legendary
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Activity: 1176
Merit: 1015
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September 23, 2013, 01:11:23 PM |
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@Ken, but you are US citizen no? Will that be an issue?
As long as the security itself and the public shareholders are not American it should be fine. I know lots of people that own companies with different legal structures offshore. They can offer shares under those legal structures just fine as long as they are within the correct legal framework (so not offering shares back to americans for example) |
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kslaughter (OP)
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September 23, 2013, 01:11:46 PM |
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@Ken, but you are US citizen no? Will that be an issue?
No, it is owned by the AMC (Belize) right now; however, it will have to be spun off to a different corporation before it can start operations, as AMC does not have the proper license to hold 3rd party funds. |
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kslaughter (OP)
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September 23, 2013, 01:13:25 PM |
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If I started my own stock exchange and sold volcaniceruptor shares, they would be direct shares because I am not a third party..
I assume the exchange would list other securities. Maybe I misunderstood. Yes, it would. |
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kslaughter (OP)
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September 23, 2013, 01:15:08 PM |
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BTC-TC SHUTDOWN INFORMATION BTC-TC Investors will be able to transfer their shares to Bitfunder before the shutdown. ActiveMining will post the information on the procedure to transfer shares to Bitfunder later today in this thread. This would be a good time to think of what to do when BF also closes down, because its only a matter of time IMO. I have already though about that. AMC already has a Stock Exchange built and is in the testing phase. If Bitfunder is shutdown also, shares would be transferred to Active Mining Corporation own Stock Exchange. To avoid problems with the US, the Stock Exchange will block all US IP's and ask during signup if you are a US citizen. I believe your trying to refer to "direct shares". Sorry, VE, but no I am not referring to "direct shares". If I started my own stock exchange and sold volcaniceruptor shares, they would be direct shares because I am not a third party.. I see what you mean; however, see my post about the Stock Exchange being spun off. |
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drawingthesun
Legendary
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Activity: 1176
Merit: 1015
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September 23, 2013, 01:15:43 PM |
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Ken, do you have an ETA until we can move to BF?
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kslaughter (OP)
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September 23, 2013, 01:16:40 PM |
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Ken, do you have an ETA until we can move to BF?
I will be putting together a plan today and will post it here. |
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San1ty
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September 23, 2013, 01:18:35 PM |
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Sure, that is a possibility also.
I think BF for the immediate future is the best idea. At least it would join both the markets finally. IMHO Havelock is a much better choice. |
Found my posts helpful? Consider buying me a beer :-)!:
BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
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drawingthesun
Legendary
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Activity: 1176
Merit: 1015
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September 23, 2013, 01:20:16 PM |
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Sure, that is a possibility also.
I think BF for the immediate future is the best idea. At least it would join both the markets finally. IMHO Havelock is a much better choice. If so, can we move all BF shares too? I want them joined as I have shares on both exchanges. Also 1 big liquid market is far better than 2 smaller ones. |
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kslaughter (OP)
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September 23, 2013, 01:28:06 PM |
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Sure, that is a possibility also.
I think BF for the immediate future is the best idea. At least it would join both the markets finally. IMHO Havelock is a much better choice. If so, can we move all BF shares too? I want them joined as I have shares on both exchanges. Also 1 big liquid market is far better than 2 smaller ones. We had two exchanges set up just in case something happened like this. Then as a backup plan, we developed our own. So, I think it is better to have two exchanges trading the shares. |
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San1ty
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September 23, 2013, 01:36:32 PM |
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Sure, that is a possibility also.
I think BF for the immediate future is the best idea. At least it would join both the markets finally. IMHO Havelock is a much better choice. If so, can we move all BF shares too? I want them joined as I have shares on both exchanges. Also 1 big liquid market is far better than 2 smaller ones. We had two exchanges set up just in case something happened like this. Then as a backup plan, we developed our own. So, I think it is better to have two exchanges trading the shares. Please allow us to have to option to choose on which exchange we want the shares (Havelock, BF). |
Found my posts helpful? Consider buying me a beer :-)!:
BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
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mobile
Sr. Member
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Activity: 400
Merit: 250
the sun is shining, but the ice is still slippery
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September 23, 2013, 01:36:59 PM |
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Look at all these weak hands panic selling way below market value. I refuse to panic sell. I will be putting together a plan today and will post it here.
We had two exchanges set up just in case something happened like this. Then as a backup plan, we developed our own. So, I think it is better to have two exchanges trading the shares.
Many thanks Ken for your communication & work on the matter. |
1 MoBi1eNbqh8QMuvtZjYzQGV8NEckJJYcT rep| GnuPG <3 CLAM <3 |
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kslaughter (OP)
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September 23, 2013, 01:45:55 PM |
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Sure, that is a possibility also.
I think BF for the immediate future is the best idea. At least it would join both the markets finally. IMHO Havelock is a much better choice. If so, can we move all BF shares too? I want them joined as I have shares on both exchanges. Also 1 big liquid market is far better than 2 smaller ones. We had two exchanges set up just in case something happened like this. Then as a backup plan, we developed our own. So, I think it is better to have two exchanges trading the shares. Please allow us to have to option to choose on which exchange we want the shares (Havelock, BF). I will look in to Havelock; however, we will have to get approved and pay the fee if required. |
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aquarius
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September 23, 2013, 01:56:00 PM |
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AMC already has a Stock Exchange built and is in the testing phase.
If BF failed and we used that exchange, would it be owned by the shareholder and would we receive the trade fee as a dividend? Yes, at this time AMC owns the exchange. This is actually very bullish news I´m definitely gonna buy more shares |
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mobile
Sr. Member
Offline
Activity: 400
Merit: 250
the sun is shining, but the ice is still slippery
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September 23, 2013, 01:56:37 PM |
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This is actually very bullish news I´m definitely gonna buy more shares +1 this  |
1 MoBi1eNbqh8QMuvtZjYzQGV8NEckJJYcT rep| GnuPG <3 CLAM <3 |
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JoTheKhan
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September 23, 2013, 02:14:59 PM |
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Are we able to send money to BTCT right now? I'm trying to buy up more shares.
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kleeck
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September 23, 2013, 02:19:26 PM |
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Ken, would our ActM shares also grant us a stake in the AMC Exchange, in the event that it goes live?  |
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