Re: [AMC]-The Official Active Mining Cooperative Discussion

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.

I think in hindsight though, a lot of energy(money) was wasted to move the price from .008 to .04 then back to .0025. AMC didn't catch any of that (all profits went to flippers). Once AMC released the shares, they then had to fight tooth and nail against everyone to bought between .0008 and .0025.