I really don't know how it will play out, but shareholders which decide to not swap will continue to receive their dividends for the foreseeable future. I think there wii be a market for the shares
How will AMC shares still receive dividends if mining dividends will be paid to VMC shares? Won't the Avalon's and the 20k chips be used to mine for VMC shareholders?
I believe that VMC will be buying back or absorbing the majority of AMC's shares, AMC will still mine and payout to their shareholders. VMC will be a majority shareholder of AMC and pass on the dividend to the VMC shareholders.
(Dont know if this is the case, but thats how I interpret it)
I interpret that as AMC will purely mine and give dividends for mining. VMC will receive dividends for both mining and sales.
AMC and VMC will share dividends from mining? and VMC will have the added dividends from sales?
VMC shareholders will receive dividends from AMC mining from the AMC shares that VMC will hold.
When you trade existing AMC shares for VMC shares, you get a VMC share from the trade, while VMC receives an AMC share. The more are traded, the more VMC owns AMC, until it reaches 100% ownership.
VMC now receives AMC mining dividends from the AMC shares it holds and passes them along to VMC shareholders.