Post
Topic
Board Securities
Re: [Active Mining] The UNofficial Active Mining Discussion Thread [UNmoderated]
by
NotLambchop
on 06/03/2014, 13:00:31 UTC
Quote
Dividends?  Tell me what part of this is generating revenue.
Was deleted.  I'm genuinely curious.  They keep asking for dividends in that thread.  What part of the whole ActM ..mess.. is generating revenue to pay divs?

You have to understand that Ken Slaughter has a different interpretation of the word "profit."
He gives us a clue in his last post, when he claims that Active Mining hasn't lost any money, VMC has.  
Quote
VMC [has lost] 453 BTC from Pre-Orders.  No Active Mining BTC was lost.
Stick with me here...

"AMC is a virtual identity totally owned by the Active Mining Corporation (Belize) that represents both itself and its profits. AMC's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC)."1

...so whatever money VMC pays out to ActM is "profit," while losses and liabilities are shuffled to VMC.
3. ? ? ?
4. PROFIT!

1. From https://crypto-trade.com/tradex/ipo/amc_btc , "details" button, better known as "Teh Lulz Button."

@Augusto Croppo re. level of delusion:  The human mind is a wonderful thing.  When confronted by a problem it is unable to solve, the outcome of which is inevitably catastrophic, it gracefully errors out -- by not acknowledging the problem.  Similar to blacking out from pain.  Life affirming = minimal doloric value with identical end result.