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

I'm winging it here, so dismiss this idea if you think it is a stupid. Does BitFunder allow private sales of shares from one person (ie Ken) to another (aka 'the buyer')? You know about a Dutch Auction? Ken could ask 'who wants to buy x shares at y price' (example: 10k @ 0.005) then reduces the price in 0.0001 increments until someone bites? This technique would only be used to issue new shares into the market. Obviously once bought, they trade on the exchange as you'd expect. The main benefit is it removes the need for large walls, and allows Ken to test the market in a fair way, ie everyone sees the first high Ask and is welcome to grab the offer when the price is reduced to the level they find acceptable?

Like I say, this could be an insane suggestion, but remember the Facebook IPO? They couldn't even get that right with the 'smartest' brains in Wall Street, the price went all over the place on launch.

1. Bitfunder allows transfers between accounts, you could just sell them here.

2. If VMC (gotta get used to that name) wants to do a Dutch auction on this site, shouldn't be a problem.

Yes, this is a good idea, I will keep it in mind.

When do you think you can share the terms and agreement for the new business model? Looking forward to see how much of what we talked about here is incorporated into that draft. I think we've covered alot of the major issues that were concerning shareholders and potential investors. I am looking forward to the new agreement. On a side note AMC's stock looks a lot better than where we were at a before you starting responding Ken. A little bit of communication goes a long day. Thanks for reaching out to all of us.