auto2nr1, think about it this way:
Active Mining Corp (owns "old" AMC+VMC+cat+dog+bird+world)
----------^---------
| |
Investors Management
hold holds
10M AM 15M AM
shares shares
This is how profits are split. Don't confuse it with what Active Mining Corp consists of internally, since the internal "departments" have nothing to do with the profit split.
Active Mining Corp (owns "old" AMC+VMC+cat+dog+bird+world)
----------^---------
| |
Investors Management
hold holds
10M AM 15M AM
shares shares
This is how profits are split. Don't confuse it with what Active Mining Corp consists of internally, since the internal "departments" have nothing to do with the profit split.
This is what i've been understanding. Now what happens to the AMC security that is exchanged on BitFunder? I as well as other investors are going to be converting our shares to the new AM shares. Will that security cease to exist?
I don't think that is going to happen, AMC will continue to exist for a long time to come. Even if the 10M shares where all swapped for VMC shares, AMC still has more to offer and will continue to grow. The only difference will be that some of the revenue from AMC will flow into VMC. I think it is a win for AMC and a win for VMC.
Ken, from the bolded points above, it is clear that you have mixed up what was supposed to happen ... what everyone was asking for.
AMC and VMC was supposed to be merged ... so that there is only ONE entity.
Now, you are completely changing this around so that both will still exist, and AMC will grow ??
This is completely wrong! and will bring us right back to all the issues and dramas of the last 130 pages of this thread.
You need to merge AMC into VMC, with the express intention of COMPLETELY dropping AMC from existence.
Sure, it will take sometime for all AMC shares to be swapped over, but no one is going to hold on to AMC shares on purpose when they know AMC is being closed/merged into VMC.
If you don't do this, and FIX what you have been saying for the past few pages, then we are right back where we started. Two companies, and a lot of crap in between.
Please fix it, and stop confusing/mixing sh!t up.
I just want to make sure that the bold text above is cleared up for everyone. We are completely dropping AMC (BitFunder shares i have now) from existence correct? One entity which will now be AMC (Belize) will be the only entity that will exist. I still don't know where VMC is coming from (internally). Can anyone explain that to me? I am only picking at this so that in the future there is no confusion among us shareholders as well new investors and no one will question the structure as we have before the AMC/VMC merger was agreed upon.
My understanding is 'AMC-PT' trading on BTC-TC and 'AMC' trading on BitFunder will continue to exist for a while. Current holders of those shares will be offered a 1:1 swap to the new 'AM' asset. This new asset will be more valuable, so just about everyone following this thread will swap their current 'AMC' shares for 'AM'. I can't imagine why you would not do so.
The key to this deal is there is a NEW corporation called 'Active Mining Corp'. It owns everything. All profits made by this corporation are paid to holders of the new 'AM' asset. Early on, the 10 million investor shares take all the dividends. Once each investor share has earned 0.0025 BTC, all 25 million start getting paid ie the 10 million investor shares and the 15 million owned by Ken.