From eASIC's website (ActM):


From OrSoC's site (KnC):


I don't believe anyone could afford to produce a fully custom 28nm ASIC at the moment, as I've heard the mask costs more than $10 million.

It seems like you are uninformed about the technology you are commenting on (like most people here). You can't simply compare ActM's, KnC's, or the FastHash 28nm ASICs with the chips from AM, Avalon, BFL, BitFury, Labcoin and Bit Garden based on the process size. The technology is different. The former are basically converted FPGAs while the latter are true ASICs. That's why BitFury and KnC provide similar efficiency, despite BitFury using 55nm and KnC using 28nm. Don't be surprised if 2nd gen AM, Avalon, Labcoin and BitGarden ASICs offer similar of better performance.

I doubt Avalon would be able to get any 20nm chips produced in 2014. There will be limited capacity and that will be used by AMD, Nvidia and ARM.

Actually this is what happened.

People were buying shares at greater than 0.0005 BTC and every now and again Ken would come in and put a batch up for sale at 0.0005 BTC. Those share sold out and people were once again buying at the market rate which was sup to 0.0009 BTC. This happened quite a few times and people became aware of what was going on and complained about it to Ukyo. That's when Ukyo stepped in and forced Ken to put the remaining shares in the batch up at 0.0005 BTC.

Like I said, I was there at the time and made a nice profit from it. Both Ken and Ukyo can confirm that's the case and so can anyone else who was actually buying AMC at the time.

Now I truly am leaving, I don't care what anyone says, if I need to put you straight I will do so tomorrow.

I just had to break my work and respond to this.

I was buying AMC stock before you were even a member on this forum. I remember very well Ken's antics back then as the first shares I bought cost around 0.0009 and 5 hours later Ken had undercut the market selling at 0.0005. Sucked at first but I realised what was going on, adapted and ending up making a nice profit.



If anyone is tying to just make a quick profit and doesn't give a shit if ActM succeeds or not, it's you guys with very few posts who don't care how the CEO of the company acts.

Now I really am going.

Of course I'm not going away. Ken has my shares and I want them back. Would you go away if I had your shares and refused to give them back to you?

I'm going to leave it that for today, but what's the bet that I'm back tomorrow with the same complaint?

Prove me wrong, Ken!

You're sick of having this thread hijacked? Some of us are sick of having our shares hijacked! I think our concerns greatly outweigh yours and this is the appropriate venue to air them.

Wednesday: no shares.
Friday: no shares.
Saturday: no pictures, no report and no shares as of yet.

So, now that it's the weekend, I assume you don't have any more business trips planned and therefore no excuse not to do what you said you would do on Wednesday, then Friday, then "as soon as possible". So, where are the pictures you said you would post, where's the report, and where are all our shares? Or do we have a different definition of "as soon as possible"? Have you even made a start on any of these yet?

I never made the claim that I would provide proof of how much I paid for my shares. You asked me to, and I said I can't be bothered due to it being too much hassle. I'm sticking to the claim I made, which means I'm telling the truth, not lies.

I paid between 0.005 and 0.0055 BTC for the shares. I'm not going to prove that though because the shares were acquired over numerous trades and would take dozens of screen shots.

I guess we don't have a deal then.

Fair enough. Send me 15.57 BTC and you can have 2595 shares. I owe 250 shares out due to a trade I made for Labcoin shares.

These lies are not against me. This is not some conspiracy against me. I've no idea why he is telling these lies. Perhaps he's a pathological liar. Perhaps he's sold the shares? Perhaps he wanted to stop people from selling their shares and reinvesting in the competition?

How the fuck am I supposed to know. I can't read minds.

Yes, he could have done it after 5 PM. The point I'm making and which you keep ignoring is that he said he would get them done before 5 PM when he knew for a fact he couldn't possibly do that. That's what any rational and logical person calls "telling lies". Sycophants are neither rational nor logical though so it's no surprise you don't understand this.

This is not a case of Ken postponing something, this is a clear case of Ken telling lies.

Hopefully, more of us will start to speak up and make our voices heard. 2 weeks is simply bang out of order and I think Ken should actually compensate you for having to wait that long. In my case, I knew there would be slight delays, but I didn't expect to be waiting a week, nor did I expect Ken to lie about the time frame.

No, postponing something is not the same as telling lies. Saying you will do something when you know you can't possibly do it because you will be too busy doing something else is telling lies though.

How could Ken have possibly transferred the shares end of business day Friday if he knew he would be away on business, wouldn't be able to access the account and was scheduled to arrive back home after the end of business day Friday? He couldn't. Therefore, what he said was a lie.

Ken has proven to have lied on multiple occasions now with regards to this share transfer issue. That's a fact and will remain a fact whether you choose to believe it or not.

Monday 29th of July: I will be working on getting all the transfers completed tomorrow.
Wednesday 31st of July: I am planning on having all of the tendered shares in AMC-TENDER out the door by end of business Friday along with dividends after the transfer.
Friday 2nd of August: Due to the fact that I just got in from our business trip to eAsic and our Engineers, I will be transferring shares as soon as possible.

Given his timetable, it simply wasn't possible for him to make the transfer when he said he would. That's telling lies, rather than simply poor judgement on his part. The fact is that he wilfully lied to investors. This is not the only time he has screwed over investors. Perhaps you should look into him undercutting the market by selling shares at 0.0005 BTC when the market price was 0.0009 BTC and once again by selling shares for 0.0025 BTC when the market price was 0.0034 BTC.

Ken is no saint, no genius and no PR guru. The path to this point has been incredibly wonky and nearly led off a cliff on a few occasions. It's only gotten to this point because investors were willing to call Ken out when he was acting against their interests. Telling lies to investors and withholding their shares for this long is clearly acting against their interests and he fully deserves to be called out for it. That's how problems get dealt with, not by burying your head in the sand and hoping they just sort themselves out.

Let me set you straight on this. The real problem is not that Ken still hasn't transferred my shares, that's annoying but acceptable given the circumstances. The problem is that Ken is willing to lie to investors.

Thanks for the rational response instead of just pointing at me and laughing like Nelson Muntz. I've just realised that the majority of the people telling me to keep quiet, etc, are new forum accounts with very few posts. So, if they're not sock puppets or pumpers, they're likely unaware of the drama that has played out since the IPO when the share price was 0.0005 BTC.

While these lies are only little white lies, it simply doesn't bode well that the CEO is willing to tell them to investors. You don't instil confidence in your company by getting caught out telling lies. I've repeatedly pointed out that this whole mess would have been avoided if Ken was truthful from the start and said that he wouldn't be able to transfer shares till today or even tomorrow.

I really hope he learns a lesson from this fiasco. Be truthful with investors, even if that truth is something they don't want to hear.

The only person who could possibly help is Ken. All you guys are doing with your victim blaming and dismissal of the truth is pouring petrol on flames.

I don't need a pat of the head from you. I don't crave the attention of others. Your opinion of me is completely irrelevant to me. Ken has brought these "attacks" on himself through his repeated lies and ineptitude. All I want is my bloody shares which Ken has repeatedly lied about transferring and I'll change the fucking record when I get them.

You think I'm intentionally trying to harm the company I've invested in? If any harm comes to the company over this, that is entirely Ken's fault, nobody else's. Ken is the one who is telling lies to investors and withholding their shares, not me. Those of us who are still waiting for our shares are the victims of Ken's ineptitude.

You know what doesn't help? You sycophants keep jumping in to defend Ken and try and shift the blame on to the victims, pretending that a CEO telling lies to investors is nothing to worry about. That just makes me more angry and makes me make another post like this.

Get this through your thick skull, Ken is telling lies to investors. Am I really the only person here that has a problem with that? If he is willing to tell lies about when these shares will be transferred, then it should be obvious to you that he will be willing to tell lies over other things. Do you want to see ActM turn into BFL? That's the only place I see it headed with a pathological liar in charge.

Ken has screwed his investors over multiple times now. Twice by releasing shares at way under market value and now this farce with share transfers. I've been caught in all 3 of those situations. If this company is a success, it will despite Ken, not because of him. That success should be attributed to investors who called Ken out on his bullshit and forced him to change things. Now he's falling back into his old habit of telling lies and cheating and needs a kick up the arse to put him on the straight and narrow again.

Instead of jumping in to defend him, ask him why he telling these stupid lies when the actual truth would have been grudgingly accepted. I may not have liked being told that I had to wait till today or tomorrow to get my shares. I would have accepted that and none of these posts would have been made. But Ken decided to tell a pack of lies instead. Repeatedly. These posts are simply the result of those lies and wouldn't exist if Ken was truthful and honest with investors.