Post
Topic
Board Securities
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
mainline
on 27/01/2014, 22:10:14 UTC
I thought the .0005 IPO was for VMC, and the AMC IPO was @.0025?  Or were there there 2 AMC IPOs?
Would it be possible to have a third IPO?  



Yes, the original IPO (for VMC) was re-written after shareholder demands into an IPO for ACtM. that was to ensure shareholders get a guaranteed 0.0025 BTC per share payout before Ken's shares get any dividends.

VMC is now a wholly owned subsidiary of ACtM. Essentially VMC is the manufacturing side of ACtM and shareholders in ACtM get all of the VMC profits. There are no longer any shares in VMC.

There is no need for a third IPO. Ken has sufficient funds to progress. He has never said we need to raise anymore funds from shareholders and has not asked for any more funds from shareholders.
The second IPO was actually a continuation of the first and was the shareholders idea.

So let's have another IPO?  The second one worked pretty well?