Post
Topic
Board Securities
Re: [AMC]-The Official Active Mining Cooperative Discussion
by
auto2nr1
on 02/07/2013, 18:10:29 UTC
You seem to know what you're talking about VBS, so I think I'd be happy with a structure like that. So long as there's space for the valuation to increase over time, rather than topping out at an extreme valuation and having to space to move, most people would be happy I'd guess.

Just as a separate point, this is the profile for TAT.ASICMINER (https://bitfunder.com/asset/TAT.ASICMINER)

Under the 'Shares Total', it's 10 million, and under 'shares issued', it's 24,468. The dividends are split up over this 24,468, not the 10 million. So to me, that seems like 24,468 have been sold. Does AMC follow the same structure?

From what Lewiki said earlier:

Quote
6,530,741 shares have been sold on bitfunder and 500K on BTC-TC. The rest(20M + unsold public shares), go to reinvestment.

But dividends are split up over 40 million on bitfunder. What am I missing, given what I mentioned earlier about unsold shares and dividend payments.

P.S. Sorry, I know I keep banging on about this, but I'm actively trying to learn, not derail.

This is another issue we need to work on. The dividends are being paid on all the 40m shares issued sold and unsold. This does not make sense for unsold shares to be paid dividends. Only sold shares should be paid dividends. I hope this can be changed so only sold shares can be paid dividends.