Re: [AMC]-The Official Active Mining Cooperative Discussion
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.
+1
One company is what we should go for. Within that one company we can call the 40% division/department ACTIVE MINING and we can just call the 60% division/department VMC (management). This is strictly just to distinguish the split between 40% and 60%. The name doesn't really matter we can call the 40% just INVESTORS and the 60% MANAGEMENT. The important thing is for shareholders and potential investors to know they are putting their money into ONE company. No confusion. Plain and simple.
There is no need to even do that because it's a single co. Management and general public (as shareholders) are equal.
Management holds 60% of the shares and rest of it is sold to public. That is it.
On the financial reports, yes, you can show the income from different departments but the profit it's still distributed equally per! share.