Post
Topic
Board Securities
Re: [AMC]-The Official Active Mining Cooperative Discussion
by
lolstate
on 06/07/2013, 00:23:20 UTC
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.

Got it. So with AMC (Belize) owning everything, the 10m AM public shares will account for 40% of AMC (Belize). All profits (100%) from VMC manufacturing & sales will go towards AMC (Belize). All profits (100%) from the mining operation will also go towards AMC (Belize). Once all profits are funneled into AMC (Belize) the investors will get 40% (10m shares) of those profits for and management will get 60% (15m shares) in the form of weekly dividends.

By having AMC (Cooperative) sold or liquidated it will clear up any confusions or headaches for us all. I hope this can happen sooner than later. Also how would you go about voting rights for the shareholders? How would you get appoint the board of directors? Can you appoint board of directions by the number of shares owned? If a shareholder has a significant amount of stake within the company it would be a fair way to appoint those directors to help make major decisions. I look forward to some more details in regards to that now that it seems as this entity issue has been sorted out.

None of that is in the contract/offering to keep it simple.  However, I would do what was in the really complex offering after this is all worked out.

Yep, this is my expectation. We could go on forever here asking questions/refining points. Everyone who isn't happy with the the ground work so far please say so now. Otherwise, let's allow Ken to present the final, detailed draft - which we can have amended if required.