Re: [AMC]-The Official Active Mining Cooperative Discussion
Here you go: 
No the profit calculation in the contract is based on a 40 times increase in the difficulty in the next 25 months. Also, there is a growth and expansion fund which receives 50% of the revenue for the next ~10 Months to purchase more mining equipment to keep up and exceed the difficulty raise.
I guess that is true, however AMC gets machines at manufacturers cost, so the profit on those machine will be zero and AMC has a lot of rights to machines over the next year or so.
Yes, this has happened before, due to the Bitfunder "God" Ukto forcing AMC to sale shares at .0005 when the market price was .0008.
For the next ~10 months the shares represents 1/40,000,000 of the profits due to 60,000,000 not being issued and thus not receiving any dividends at all.
The contract can not be changed. There can not be anymore than 100,000,000 shares issued.
VMC was created to give AMC a stable source of Bitcoin Mining Machines, due to the likes of BFL, Avalon, KnC, etc having pre-orders, not delivering in a timely way, etc.
I am funding VMC's business which is hardware sales, AMC is funding the development of the hardware and receiving tremendous benefits which include machines at manufacturers cost, 10% royalty on VMC sales which uses AMC technology (which will be most likely 100% by the way) and now as of today 100% of the profits from chips sales until the NRE is repaid.
Quote
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
No the profit calculation in the contract is based on a 40 times increase in the difficulty in the next 25 months. Also, there is a growth and expansion fund which receives 50% of the revenue for the next ~10 Months to purchase more mining equipment to keep up and exceed the difficulty raise.
Quote
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
I guess that is true, however AMC gets machines at manufacturers cost, so the profit on those machine will be zero and AMC has a lot of rights to machines over the next year or so.
Quote
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).
Yes, this has happened before, due to the Bitfunder "God" Ukto forcing AMC to sale shares at .0005 when the market price was .0008.
Quote
1) for 0.0025 I can buy share that represents 1/100,000,000th of profits of AMC mining
For the next ~10 months the shares represents 1/40,000,000 of the profits due to 60,000,000 not being issued and thus not receiving any dividends at all.
Quote
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)?
The contract can not be changed. There can not be anymore than 100,000,000 shares issued.
Quote
3) the AMC's hardware is preordered from this other company VMC
VMC was created to give AMC a stable source of Bitcoin Mining Machines, due to the likes of BFL, Avalon, KnC, etc having pre-orders, not delivering in a timely way, etc.
Quote
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."
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."
I am funding VMC's business which is hardware sales, AMC is funding the development of the hardware and receiving tremendous benefits which include machines at manufacturers cost, 10% royalty on VMC sales which uses AMC technology (which will be most likely 100% by the way) and now as of today 100% of the profits from chips sales until the NRE is repaid.