Re: [AMC]-The Official Active Mining Cooperative Discussion
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.
Yes, With the AM shares investors will have 40% of the profits were that only have 10% now, so in that respect it is a good deal. On top of that they will have a new company that sales hardware. AMC (Belize) owns everything, VMC is just used to keep all of the manufacturing in one place, all of the profits from VMC will go to AMC which Investor who hold the 10 Million shares get 100% of profit until the total dividends paid is equal to or greater than .0025 BTC. AMC will be sold or liquidated when the time comes. First of all, before that happens 9 Million shares will have to be tendered to AMC (Belize) before the merger can go forward. So, 90% of shareholders in AMC (Cooperative) will have to agree to the merger before it will happen.