I don't get it, does it look like this now?
AMC
---^---
| |
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.
No, bitfountain has shares in asicminer. Just as Joe off the street does.
This is 3 companies, with what correlation?
Legal troubles? What part of everything here is legal?
Doesn't ASICMINER look like this?
ASICMINER
------^-------
| |
Public Bitfountain
Shares (managers)
In which case, no one needs to worry about Bitfountain - they do their own thing (ie. own majority shares, and manage asicminer)?
Then ALL income belongs to ASICMINER, and profits are distributed. Simple
No, it looks like this:
Bitfountain
------^-------
| |
ASICMINER Bitfountain
Shares Shares
Ken has it so that everything is intertwined, 10% royalties, different company mining, to different company doing hardware and sales and blah blah.
Stop making this complex.
Below is the structure as it should be as done by auto2nr1, nice and simple.
**STRUCTURE**
ENTITY NAME
-----^-----
| |
40% 60%
PUBLIC MGMT
OWNED OWNED
40% of the shares will be sold to the public (10m shares)
60% of the shares will be held privately by management (15m shares)
Then all revenue goes to 'Entity Name', and it ditributes profit to share holders (40% / 60%)
Then, Ken's salary and whatever else should be his own business, coming out of the 60% - that's his pay. This is what ASICMINER does I believe.
It's not complex anymore. All royalties, complex details, etc were scrapped. It's not complex anymore!
The biggest confusion at the moment seems to be people are thinking there is a new division in place (AM). It's not!
There is just ONE thing now,
Active Mining Corporation, that owns everything.
AM shares are just a means to divide the profit, nothing else.The current structure is:
Active Mining Corp
------^-------
| |
10M AM 15M AM
Public Management
Shares Shares
That's how I see it as well. I'm ok with the proposed structure.