Quote from: carnitastaco on June 27, 2013, 10:34:31 PM

Quote from: TheSwede75 on June 27, 2013, 10:31:33 PM

Quote from: neilol on June 27, 2013, 10:21:57 PM

Quote from: Ac3Upz on June 27, 2013, 10:09:09 PM

Do I understand it correctly that:

1) for 0.0025 I can buy share that represents 1/100,000,000th of profits of AMC mining

2) from now to next year's april I will get 1/40,000,000 of AMC's profits (unfortunately the ASICs are scheduled for Q4 2013 - Q1 2014)

3) the AMC's hardware is preordered from this other company VMC

4) the VMC's hardware development is supposedly funded by kslaughter (stated previously in this thread), but in the Marketing Strategy part of the contract at btct.co it's written "AMC is developing an ASIC chip which will be marketed through VMC." From the new anouncement: "VMC is also announcing today that 100% of the profits from bulk sales of the
Fast-Hash-ONE chips will be reimbursed to AMC until the total amount that AMC has paid to VMC for the NRE to create this chip is totally reimbursed to AMC."

5) if VMC start selling their chips to public, the AMC will get 10% of their profit

6) kslaughter has put his hard work and 6 Avalons in the company, now values his share in AMC for $15,000,000. Also he takes 90% of profit from the hardware sales

7) kslaughter is now selling the shares for 0.0025, but can later sell more for 0.0005 as stated in the summary at bifunder (also that has happened before).

8 ) the profit calculation in contract is based on assumption that the difficulty will rise only by 6.5% on average for next 24 months

9) shares have no voting rights - does it mean that contract can be changed? Or that shares can be diluted (more than 100,000,000 issued)?

I've probably misunderstood something, if that is the case, please correct me.

I would very much like to see someone refute most of these points

There are so many insecurities, man-sized holes, and pure 'makes no sense' holes in the entire 'business' and it's relationships with other companies I don't even know where to start. I am 100% totally jealous of the company owners that have managed to secure their retirement in a few weeks. Buying shares @ current value? HELL NO!

pretty sure youve got it all right, except that initial investors paid for the 6 avalons, not kslaughter...correct me if im wrong.

It's also down right amazing how many people seem to think that all you need for a 100TH+ mining farm is 'chips'. There is a reason why Asicminer has not rolled out more (they have the capital). It takes a MASSIVE amount of technical knowledge, cooling, IP capacity, staff, Electricity etc. to run a larger farm. People seem to think that it's something anyone can do if they feel like it. Rude awakening in 3..2..

Not to mention that the earnings calculations for the miners is just completely NUTS! Selling Avalon clones in a few months @ current retail? Seriously, who even makes that up?