Post
Topic
Board Securities
Re: [AMC]-The Official Active Mining Cooperative Discussion
by
FloatesMcgoates
on 12/07/2013, 15:44:33 UTC
Cross-post:

I think there are about ~5.9M issued, so the total would be more like ~BTC108, with BTC86 from mining and probably with BTC22 coming from the old growth fund (which was previously excessively eating at least 85% of all dividends, 5.9M/40M), since all current expenses are probably paid already. All in all, a big thank you from Ken to everyone who stuck around. Cool

Also, AMC-PT and ActiveMining divs come funneled from issued shares on AMC, so only look there to see the totals.

(AMC paid BTC141.12429300 to 7,711,710 shares, some of which represented pass-trough shares, so some of the BTC went back to the issuer; the real paid total to outstanding shares should be around the ~BTC108 above).

Interesting theory, but Ken has already stated that it was "because of the merger" and not because of the reasons outlined above, leaving me to wonder how a merger magically creates money