Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
Well there was an IPO for AMC at .0005 which went towards buying Avalon chips etc. Then the second IPO at .0025 was when the company was restructured so that ActiveMining would become the parent company of both AMC and VMC. The price was not due to market demand. It was the amount that the remaining shares of the 10 million had to be sold at to reach the $1M NRE for eASIC and only ~115,000 shares are left out of the 10,000,000 public shares.
I stand corrected. I wasn't around at the time of the first launch but shortly after and haven't refreshed my memory of those heady days for some time. Thanks.
