Quote from: bigdude on June 29, 2013, 02:50:17 AM

Quote from: auto2nr1 on June 28, 2013, 07:23:39 PM

I don't like this whole VMC/AMC structure. Why are we risking everything to fund VMC's hardware project? Wouldn't it be better for VMC/AMC to be one entity and manufacture hardware and mine just like ASICMINER? I've been reading this thread since day 1 and there is so much drama, confusion and lack of transparency. Why can't we just keep it simple? Wouldn't it make more sense to have VMC/AMC operate under one roof. AMC can manufacture hardware and mine. AMC can use the hardware to mine or sell it if it will generate additional income on the side just like ASICMINER. With the mining revenue and hardware sales it will to back to the shareholders in dividends. The 20m in growth and expansion fund will then be used to continue manufacturing and selling more hardware. If more shares need to be released to raise funds for more growth and expansion then those shares can be released at the market price at that time. What do you guys think? Isn't this more easier to work with? Then AMC will be able to take in profits from mining and hardware sales and the investors will be happy and it will give the company more value.

I 100% agree with this.

The most worrying aspect of the whole setup, is why does VMC, and ultimately Ken, benefit 90% from hardware sales that AMC (read, US) invested in and funded.

I think if Ken were to change this aspect, it would greatly improve the investment in AMC for everyone, and new investors would come onboard instead of being worried about this strange aspect.

Do what ASICMINER is doing ... use the funds ... create the hardware ... use it to build a mining aspect, and sell the rest of the hardware.

THAT, makes sense.

And further, if Ken did do this, he shouldn't feel like he is backing down or will be looked upon badly, quite the opposite! It would add credibility for listening to shareholders and shows that he is truly looking after the shareholders interests. Which is his number 1 duty.

Can we get a response to this Ken? This would really give investors more confidence and transparency to what they are investing into. Possible investors would be less confused as well. ASICMINER has a good plan and business model and it works.