Post
Topic
Board Securities
Re: [AMC]-The Official Active Mining Cooperative Discussion
by
Exocyst
on 27/06/2013, 13:37:33 UTC
Clock is ticking!!! Grin Grin Grin

The closer we get to chewing through all 2 million shares, the faster they will be bought up. I'm sure a lot of people are holding their money back and hoping to buy at the last possible moment. That will be fun to watch.

If we look back a week, we were stuck at .0008 due to flippers. A lot of them must be kicking themselves now.

The wall as of now is effectively 3,519,717 shares because of the additional 2,000,000 shares which were offered on BTC-TC. It is relatively easy to arbitrage the security on the two exchanges (BTC transfers are quick/easy after all), so I doubt the price will rise much on BitFunder even if it does burn through it's 2,000,000 shares first.

Massive offering dictates that the new needs to be massive, or the security may stagnate and potentially lose ground.