Re: [AMC]-The Official Active Mining Cooperative Discussion
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.
You expect them to produce 3 monthly reports? AMC as a holding co. and one for AM and for VMC?
I personally like if it's all in one Co and has 2 "departments" but they all report as one. In the real world, I do not mind but there are mechanisms to keep this stuff in check. Guess what, regardless of strict rules and regulations, subsidiaries are still used to milk the parent co and fuck over the shareholders or vs.
Thank you but no thanks.
