ActiveMining (AM) is a virtual identity totally held by the owner(s) of the Active Mining Corporation. The Active Mining Corporation's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC).
I don't get it, does it look like this now?
AMC
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AM VMC
AMC owns a 100% VMC, and owns 60% of AM?
Why the confusion? Bitfountain also holds ASICMINER in the same way.
In the example above, AMC (in Belize) owns VMC Delaware (the management owned part) and ActiveMiner (the public owned part). The parent company has to be outside of US, for avoiding legal troubles.
Can't we just do this? Why do we need VMC DELAWARE? There is no need for more than one entity to be formed and making it more difficult for everyone to understand. Let's keep it simple. We have all been agreeing that we should make things as simple as possible. Let's do away with all these names and subsidiaries that end up confusing everyone and just say that COMPANY NAME HERE will be what the shareholders are going to be investing in and 40% will be us and 60% will be the management. If the company must be located outside of the US for legal issues then that is not a issue as long as the structure looks and stays the same as it is shown above. I am pretty sure everyone is on board with this. Does anyone object to this? Any confusions? I think this is as simple as it gets and it is pretty straightforward.