AM never did any cloud mining.
Sure bro. How's the weather in Egypt?
AMHash1 is the first of a series of mining contracts.
In this contract, the hashrate is provided by ASICMiner
Risk control
1. Before IPO closes, ASICMiner has the right to buy back at the price of IPO price * 100.5%.
2. During the first 45 days after IPO closes, ASICMiner has the right to buy back at the price of (IPO price - total payouts) * 120%. The notification period is 3 days.
As for those ones that purchased shares after IPO well they weren't scammed because nobody forced them to do it and AM never promised anything to them. Their only commitment was for the IPO shareholders and they have exceeded it by far.
That is so wrong and untrue it would take weeks to unpack all the densely packed falsities within.
Let's just briefly note that not how IPOs and stocks work. EG, AM was obligated to pay dividends and transfer shares, because those share represent a claim on the firm's profits, and the OP confirms this. The OP does not say 'any shares purchased after the IPO are worthless and we couldn't care less about them.'