Post
Topic
Board Securities
Re: [AMC]-The Official Active Mining Cooperative Discussion
by
matuszed
on 02/07/2013, 19:28:47 UTC
I wonder if there should be somewhere in the contract that states that VMC cannot issue new shares to the market at a certain percentage above current market value.  Many investors, myself included, were facepalming really hard when Ken dropped 2,000,000 shares out there at three times the value of what they were currently going for.  Thoughts?

Enacting a board will go a long way in stamping peculiarities out.
+1

It also spreads the load somewhat.

When we put out the 2M shares, the price was above our ask.

True.  The market was a little under .0040 before the ask wall went up.