Kens Linkedin has an endorsement from the sales director of Stilwell Baker Inc... I guess we're reasonably confident these were the first PCB engineers then? I thought they were super reliable?

2. If the contract with eAsic was for Ken to be a guinea pig, he simply lied to his investors by misrepresenting the risks.  There's a guy here who invested his retirement fund into this disaster.  

BTW - Anybody who invested in this and didn't have a reasonable expectation that there was a 50% chance they would lose their money is... a... dumb fuck. I tried to be more civil on that, but... it's the most accurate phraseology I could come up with.

So lets say we all lose all our money - you are equally as much to blame as Ken. Think about it people, greed begets pain.

Any chance the reCAPTCHA can be made accessible for humans? What a joke!

The way I (mis) understood the recent announcement was that the RTL thingy applied to the boards themselves and not the chips.  Could it be that the chips are all fine and ready to go but the boards are being redesigned?

DTS, you talking about this?


If yes, then I'd say it is not a technical term but means "when we ramp up production of our chip..."

If ken said units had been delivered to customers, I think it's fair to say full evidence needs to be provided and a full explanation of what has gone wrong since then. You can't claim delivery and then say something obscure about rtl code (which was Ken's task?) and engineering (pcb). Similarly about the extra hashing.

I'm concerned that things went wrong in October or November and that it was then handled badly. At that point I seems to remember seeing irc logs posted showing a very stressed Ken. I have no reason to think this was anything other than failures internally and/or at outsourcers, but one must manage those failures professionally.

One must certainly not mislead customers or investors over the following months.

Ken, I know you have always meant well but this needs an open and frank explanation, very quickly indeed. Both shareholders and buyers have reason to be angry.

For everyone else, Ken is really poor at communication and a lot of this may be down to that. I always found him much better voice than in any written means. I know two posters here are trying to meet/chat to him.

Uhm no, we don't. He has been pretty clear about that (the RTL stuff). The situation is actually much, much worse than I thought.

Ugh. Failing to meet expectations is no evidence of intentional wrongdoing. This is not to say that there is not intentional wrongdoing occurring, just there is no evidence to support an argument in either direction. This absence of information however is the biggest problem I currently see with Active and certainly agree that we should have information be presented much more clearly. Sure, if it is not possible to present such information then explain why. If the explanation fits the realm of plausible occurrence, cool; otherwise we certainly need more fluid conversation with development.

I've just seen Ken's post. I've mostly stayed away from this thread due to the ridiculous trolling that was going on and the personal attacks, but I'm shocked by what I just read.

Ken, you and I strongly disagreed on the commercial side, lack of key skills on your management team, and a technical matter, to the point where my position was untenable. However, from what I remember you had apparently hired a really good engineering firm and you were always going to be in a good position as a mining company. The bitcoin price rise worked massively in your favour for both mining and hardware sales.

What happened to leave VMC in the current situation? Even mining with expensive low volume chips should have left you quids in by now. I don't understand why that hasn't happened.

Surely you owe everyone much more of an explanation than you've given. The NDA you have with eASIC doesn't cover absolutely everything you do as a business and shareholders need some proper facts on the problem, the remedy, and the schedule. You have always kept cards close to your chest but this is not the time to do it.

Even in my worst case forecast I had VMC down to have mass chip production and boards ready in Feb, with smaller units from late December or early January, but it sounds like that's far off.

Also, I seem to remember you stating that shipments had started but how can that have been true?

The finger cannot just be pointed at an external (unnamed yet experienced) engineering firm doing standard board design.

As always, I wish you all the best.

Re: eASIC - bothering them is not a good idea. They are an outsource company and if they start to get grief or hassled then it isn't a positive thing for shareholders.

* what would be the implications of reaching 51%?

Who do you think is gonna be first, bitcoin at $10,000 or the ActM chips?

How about I start my own updates.

For the next 2 weeks I am going to get on eASICS back.  I'll call every one of them to try to get a better understanding as to why my money has disappeared.  

I'll let you know next week about every discussion i have with them.  Don't worry, I will not take "NDA" as an answer to anything.  I'll make demands so they at least talk to us in an open discussion, because we at least deserve that.


eASIC WILL talk if you tell them their reputation depends on it.

I'm talking about his personal assets.  He's an old man.  He should have a house at least.

I wonder if Ken has any assets that bag-holders can capture when the inevitable law suits start flying?

Can anyone of you "intelligents" tell me, worst case scenario regarding the boards,

How long will they take from design - manufacture? Are we talking 6months here or?

drawingthesun, you have taken my intellihash quote out of context.  It was a response to another shareholders request for questions to present to Ken.  My quote is not whinny, nor is it sarcasm.  Why are you calling me a troll for posting an opposing view to Jo's, it doesn't make sense pal.  You have got me totally wrong.

@Jo, I understand what you are saying although Ken's motive is less about his own trading and more about the global health of the company as reflected in share price, imo.  I'm sure we will continue to have opposing views on this, but then that's what discussion is all about.

@Drawingthesun:  Why do you think fannybaws is a troll?