TaaviK



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NewbieActivity: 26Merit: 0 Re: [AMC]-The Official Active Mining Cooperative Discussion June 27, 2013, 09:03:16 PM #1221 "...until the total dividends paid is equal to 0.0005 BTC per share and 12 months have elapsed from the date of the initial offering." (bitfunder asset faq)



So not only 0,0005 BTC per share of dividends but also 12 months needs to have passed from inital IPO and only then the 60mil shares start receiving dividends.

binaryFate



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LegendaryActivity: 1456Merit: 1001Still wild and free Re: [AMC]-The Official Active Mining Cooperative Discussion June 27, 2013, 09:04:29 PM #1222 Quote from: TaaviK on June 27, 2013, 09:03:16 PM "...until the total dividends paid is equal to 0.0005 BTC per share and 12 months have elapsed from the date of the initial offering." (bitfunder asset faq)



So not only 0,0005 BTC per share of dividends but also 12 months needs to have passed from inital IPO and only then the 60mil shares start receiving dividends.



So those buying now on btct won't see any dividends for a year?? No way!!



EDIT: I don't believe anyone can buy under such conditions, this must apply to bitfunder only? One year is an eternity in BTC world.

So those buying now on btct won't see any dividends for a year?? No way!!EDIT: I don't believe anyone can buy under such conditions, this must apply to bitfunder only? One year is an eternity in BTC world. Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's.

This makes Monero a better candidate to deserve the term "digital cash".

TaaviK



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NewbieActivity: 26Merit: 0 Re: [AMC]-The Official Active Mining Cooperative Discussion June 27, 2013, 09:13:50 PM #1224 Quote from: binaryFate on June 27, 2013, 09:04:29 PM

So those buying now on btct won't see any dividends for a year?? No way!!

So those buying now on btct won't see any dividends for a year?? No way!!

no no, all the shares being sold on bitfunder and btc-tc are part of the 40mil shares that will always receive dividends. Of that 40million shares 50% is for IPO and 50% for growth and investment fund. the rest of the shares - 60mil (because 100mil is total amount of shares) - will only start receiving dividends when all the 40mil shares have got 0,0005 btc per share and 12months have passed.



this means that next year around april or may (dont remember exactly when IPO started) the dividends will drop 2,5x per share since 12months have passed and dividends will now be divided between 100 million shares and not 40 million as before.



the 60mil shares are the owner's shares and are not part of the ipo. no no, all the shares being sold on bitfunder and btc-tc are part of the 40mil shares thatreceive dividends. Of that 40million shares 50% is for IPO and 50% for growth and investment fund. the rest of the shares - 60mil (because 100mil is total amount of shares) - will only start receiving dividends when all the 40mil shares have got 0,0005 btc per share and 12months have passed.this means that next year around april or may (dont remember exactly when IPO started) the dividends will drop 2,5x per share since 12months have passed and dividends will now be divided between 100 million shares and not 40 million as before.the 60mil shares are the owner's shares and are not part of the ipo.

binaryFate



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LegendaryActivity: 1456Merit: 1001Still wild and free Re: [AMC]-The Official Active Mining Cooperative Discussion June 27, 2013, 09:16:49 PM #1225 Quote from: TaaviK on June 27, 2013, 09:13:50 PM Quote from: binaryFate on June 27, 2013, 09:04:29 PM

So those buying now on btct won't see any dividends for a year?? No way!!

So those buying now on btct won't see any dividends for a year?? No way!!

no no, all the shares being sold on bitfunder and btc-tc are part of the 40mil shares that will always receive dividends. Of that 40million shares 50% is for IPO and 50% for growth and investment fund. the rest of the shares - 60mil (because 100mil is total amount of shares) - will only start receiving dividends when all the 40mil shares have got 0,0005 btc per share and 12months have passed.



this means that next year around april or may (dont remember exactly when IPO started) the dividends will drop 2,5x per share since 12months have passed and dividends will now be divided between 100 million shares and not 40 million as before.



the 60mil shares are the owner's shares and are not part of the ipo.

no no, all the shares being sold on bitfunder and btc-tc are part of the 40mil shares thatreceive dividends. Of that 40million shares 50% is for IPO and 50% for growth and investment fund. the rest of the shares - 60mil (because 100mil is total amount of shares) - will only start receiving dividends when all the 40mil shares have got 0,0005 btc per share and 12months have passed.this means that next year around april or may (dont remember exactly when IPO started) the dividends will drop 2,5x per share since 12months have passed and dividends will now be divided between 100 million shares and not 40 million as before.the 60mil shares are the owner's shares and are not part of the ipo.

Thanks a lot, that's more clear now. Thanks a lot, that's more clear now. Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's.

This makes Monero a better candidate to deserve the term "digital cash".

TheSwede75



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Full MemberActivity: 224Merit: 100 Re: [AMC]-The Official Active Mining Cooperative Discussion June 27, 2013, 09:18:29 PM #1226 Quote from: Vbs on June 27, 2013, 03:54:53 PM Quote from: TheSwede75 on June 27, 2013, 03:50:32 PM I don't think anyone is expecting any 'mind blowing' news. The 'problem' the way I see it is that at current valuation, the company is already valued as a mature and profitable ASIC reseller. Hell, if you weight in the total dilution of 100.000.000 shares @ current price we are looking at 25 MILLION USD company that currently only own about $1 million in capital (if the new shares sell) and a few Avalon clones and chip orders.



That's the problem of valuing things by #shares * price, disregarding volume. AMC is only worth $25M if anyone is willing to pay that much for it as a whole.



I can say my car is worth $10M. Am I correct? I am if I find anyone wanting to buy it at that price (volume!).

That's the problem of valuing things by, disregarding. AMC is only worth $25M if anyone is willing toas a whole.I can say my car is worth $10M. Am I correct? I am if I find anyone wanting to buy it at that price (volume!).

?? Volume has nothing to do with market valuation. CURRENT value is around $25 million if you are investing, and same if you sell at current price. ?? Volume has nothing to do with market valuation. CURRENT value is around $25 million if you are investing, and same if you sell at current price.

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LegendaryActivity: 1554Merit: 1000 Re: [AMC]-The Official Active Mining Cooperative Discussion June 27, 2013, 09:18:36 PM #1227 Quote from: TaaviK on June 27, 2013, 09:13:50 PM Quote from: binaryFate on June 27, 2013, 09:04:29 PM

So those buying now on btct won't see any dividends for a year?? No way!!

So those buying now on btct won't see any dividends for a year?? No way!!

no no, all the shares being sold on bitfunder and btc-tc are part of the 40mil shares that will always receive dividends. Of that 40million shares 50% is for IPO and 50% for growth and investment fund. the rest of the shares - 60mil (because 100mil is total amount of shares) - will only start receiving dividends when all the 40mil shares have got 0,0005 btc per share and 12months have passed.



this means that next year around april or may (dont remember exactly when IPO started) the dividends will drop 2,5x per share since 12months have passed and dividends will now be divided between 100 million shares and not 40 million as before.



the 60mil shares are the owner's shares and are not part of the ipo.

no no, all the shares being sold on bitfunder and btc-tc are part of the 40mil shares thatreceive dividends. Of that 40million shares 50% is for IPO and 50% for growth and investment fund. the rest of the shares - 60mil (because 100mil is total amount of shares) - will only start receiving dividends when all the 40mil shares have got 0,0005 btc per share and 12months have passed.this means that next year around april or may (dont remember exactly when IPO started) the dividends will drop 2,5x per share since 12months have passed and dividends will now be divided between 100 million shares and not 40 million as before.the 60mil shares are the owner's shares and are not part of the ipo.

Thats your 3rd post since March? More posts like the above please. Thats your 3rd post since March? More posts like the above please.

TheFuneral



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Sr. MemberActivity: 356Merit: 250 Re: [AMC]-The Official Active Mining Cooperative Discussion June 27, 2013, 09:34:41 PM #1230 "Payment of dividends is to be made within 2 weeks of their issuance from AMC.

Dividend payments made more than 72 hours after their issuance from AMC will be paid 100% of the original AMC dividend."



This is from btct details. What % fee are we paying on dividends that are paid within 72 hours? Otherwise what's the point of this clause, I couldn't find it mentioned.



Side note will AMC issue weekly dividends or do they have a differing schedule?

freedomno1



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LegendaryActivity: 1666Merit: 1036Learning the troll avoidance button :) Re: [AMC]-The Official Active Mining Cooperative Discussion June 27, 2013, 09:42:57 PM #1235

Waits for announcement not long now by server time Just make sure you all do your math and hold no grudgesWaits for announcement not long now by server time

chsados



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Hero MemberActivity: 661Merit: 512 Re: [AMC]-The Official Active Mining Cooperative Discussion June 27, 2013, 09:43:20 PM #1236 Quote from: pikeadz on June 27, 2013, 09:39:55 PM Quote from: chsados on June 27, 2013, 09:37:00 PM I can't help but feel that this 0.0025 IPO is heavily in favor for the early adopters.



We are the early adopters, of Bitcoin and of AMC.

Wethe early adopters, of Bitcoin and of AMC.

I beg to differ regarding AMC. I'll concede if price surpasses 0.0025 in the coming months.



Ken is releasing it at 0.0025 BTC / share. Each share being 1 /100 000 000 of AMC

So you get a market cap of 250 000 BTC, or $25M US at $100/BTC.

That works out to $4.1M per Avalon machine!



How the price of 0.0025 was conceived makes no sense to me. I thought the original IPO (at a much much lower price) was supposed to be for hardware funding to begin with. I beg to differ regarding AMC. I'll concede if price surpasses 0.0025 in the coming months.Ken is releasing it at 0.0025 BTC / share. Each share being 1 /100 000 000 of AMCSo you get a market cap of 250 000 BTC, or $25M US at $100/BTC.That works out to $4.1M per Avalon machine!How the price of 0.0025 was conceived makes no sense to me. I thought the original IPO (at a much much lower price) was supposed to be for hardware funding to begin with.