Honestly I am not trying to divert anyone's attention from anything.
Right now Weex owes a lot of btc to a lot of people.
To help ease things I am trying to use my ActM shares towards that.

In the meantime, Ken is in effect trying to steal the funds and pay himself personally.
(and as quickly as possible while misdirecting everyone as to the nature of the funds and his rights to do what he pleases with them)

And the great god Ken has made it quite clear that should any shareholder not agree with his actions that are based solely on his feelings/emotions and not backed my any legal nature, then he wishes them the best of luck to try to do anything about it.

Did you not read? That is what I am trying to do.

I can't believe you are upset that this scumbag is taking the time to fight to get weex users some funds out of his personal holdings.

He's a US citizen.
He is operating ActiveMining from the US.
He falls within SEC jurisdiction and US law.

Since he operates the company fully from the US then the Belize corporation is deemed a shell company and the US company/individual is considered liable.

If Ken has done any actual legal homework he would know there is a set presidence for this.

Repeated cross-post from: https://bitcointalk.org/index.php?topic=297503.msg4699685#msg4699685

Ken Slaughter thinks his personal debt is more important than all other Weex users and is using his book education in Indian law to personally keep 100+ BTC worth of shares that I have been trying to sell to distribute to WeEx debtors.

He has gone as far as laugh it off with "good luck gong to belize to sue us"



Also from PM:


I appreciate your 'good luck to sue us'. That's a real show of character.
I suggest all shareholders take heed of this warning.
What is wrong with posting your history? Are you afraid of something? You seem pretty concerned if your willing to make threats over it.

Notice was given 45 days before the transfer from BitFunder to WeExchange.
The site was shutting down and it was known to you that the only method of bitcoin transfer is via WeExchange which you accepted and used.

You should have no funds left on BitFunder. Any account that was properly linked (Which would be the ActM official account) had its full balance transferred. I think everyone is well aware that only a few people who had linking issues with weex have a small stuck balance.

How is it you have an account with 38btc that is not ActM that you are linking into this?
How many more accounts exactly did you create for trading on BitFunder than the handful I know of?
I suppose I will have to do a more in depth search on all of you ip addresses, linked accounts and addresses.
Why have you not claimed or reported this stuck 38btc prior?
You have not mentioned the 6% claimed from the portal yet either and subtracted that.

In the end, your argument is that I owe you XXX btc personally.
If your argument holds up then that means you are not the only debtor.
If this was the case, as someone mentioned prior, any funds of mine would need to be proportionally distributed.
This is not a mechanics lien.  You did not do work or provide services. You do not have first right to the funds.
Also I see you are not including "legal costs" of unspecified amounts into what you plan to take from any proceeds.
It sounds like no matter what, your intention it to keep 100% for your personal issues.

And just because you are CEO of a company does not mean you can abuse that authority on behalf of your own personal
problems and desires.

So to be clear, you are using your position as CEO of a company to force a sale of a shareholders shares to ensure your personal BTC losses are covered before other debtors can claim their portion when you have absolutely no evidence to show that the shareholder has directly owes you anything.

You do understand the difference between a corporation and an individual?
I hope you have this same understanding with accounting practices and funds.

WeExchange has a debt to many individuals and not just you.

Again, why the sudden rush and need to sell the shares? Why can't they just be locked worst case scenario?
You seem desperate. Why? I figure it will take you at least 2~3 more months to finish buying back ActM shares.
Why the need for threats? What is it you are so afraid of?

I bet people would love to see the complete shareholder listing as it stands. Would probably be more interesting
if ownership names could be included / proven.

Also, for a lien you must file something, somewhere with a valid reason and provide notification to the person you are filing against.
Normally, unless it is a mechanics lien, you file a lien against a person or entity.

I think you need to talk to your Belize lawyers and not whatever lawyer gave you a book quote rather than an official statutory listing.
(Personally, I would fire that lawyer and hire a new one.)

I found your link very interesting though. How about linking some documentation regarding Belize Corporate law instead?
Unless this is a confession that you are operating as a Indian entity and these are shares of an Indian entity?
You do realize that book is about Corporate laws in India... right? Your lawyer must be short on time and not taken notice.
Next time you are gasping at straws, you should check the first few chapters for relevance and stop trying to mislead people.

(For those of you who are curious, start with page 2. Definition of a company regarding the Companies Act of 1956. (India) and
the following line of "a company formed and registered under previous Company Laws in India."
I am going to go out of my way to say that you have had absolutely zero legal advice and are acting solely based on random google searches
and relying on "Well let him try something." rather than doing things properly.
I truly hope for those who have invested into ActM that you run your business better than this.

Please stop being inconsistent and show people if you actually have an understanding of the things you are talking about.
It's almost like you are purposefully misleading people.

(For anyone curious, feel free to call a US corporate lawyer for a free consultation and ask about shareholder rights and liens.)
Then again, that's US law, not Brazilian.

I response to your unofficial "notice of lien" hereby request that you post the contact information for your corporate Belize lawyers or PM it to me so I can contact them to make arrangements so this can be handled properly and officially. I will make sure that any documents are released to the public so they are fully aware of the situation.

Please keep in mind that your professional manner in handling this situation dictates how you will and ActM will be viewed going forward.
As a ActM shareholder and I am sure many others agree, if ActM is to succeed, it must act properly and not arbitrarily or expose the
company to unnecessary risks.

Stop acting so desperate and do things right.

Thank You,
Ukyo

Also from PM:


I appreciate your 'good luck to sue us'. That's a real show of character.
I suggest all shareholders take heed of this warning.
What is wrong with posting your history? Are you afraid of something? You seem pretty concerned if your willing to make threats over it.

Notice was given 45 days before the transfer from BitFunder to WeExchange.
The site was shutting down and it was known to you that the only method of bitcoin transfer is via WeExchange which you accepted and used.

You should have no funds left on BitFunder. Any account that was properly linked (Which would be the ActM official account) had its full balance transferred. I think everyone is well aware that only a few people who had linking issues with weex have a small stuck balance.

How is it you have an account with 38btc that is not ActM that you are linking into this?
How many more accounts exactly did you create for trading on BitFunder than the handful I know of?
I suppose I will have to do a more in depth search on all of you ip addresses, linked accounts and addresses.
Why have you not claimed or reported this stuck 38btc prior?
You have not mentioned the 6% claimed from the portal yet either and subtracted that.

In the end, your argument is that I owe you XXX btc personally.
If your argument holds up then that means you are not the only debtor.
If this was the case, as someone mentioned prior, any funds of mine would need to be proportionally distributed.
This is not a mechanics lien.  You did not do work or provide services. You do not have first right to the funds.
Also I see you are not including "legal costs" of unspecified amounts into what you plan to take from any proceeds.
It sounds like no matter what, your intention it to keep 100% for your personal issues.

And just because you are CEO of a company does not mean you can abuse that authority on behalf of your own personal
problems and desires.

So to be clear, you are using your position as CEO of a company to force a sale of a shareholders shares to ensure your personal BTC losses are covered before other debtors can claim their portion when you have absolutely no evidence to show that the shareholder has directly owes you anything.

You do understand the difference between a corporation and an individual?
I hope you have this same understanding with accounting practices and funds.

WeExchange has a debt to many individuals and not just you.

Again, why the sudden rush and need to sell the shares? Why can't they just be locked worst case scenario?
You seem desperate. Why? I figure it will take you at least 2~3 more months to finish buying back ActM shares.
Why the need for threats? What is it you are so afraid of?

I bet people would love to see the complete shareholder listing as it stands. Would probably be more interesting
if ownership names could be included / proven.

Also, for a lien you must file something, somewhere with a valid reason and provide notification to the person you are filing against.
Normally, unless it is a mechanics lien, you file a lien against a person or entity.

I think you need to talk to your Belize lawyers and not whatever lawyer gave you a book quote rather than an official statutory listing.
(Personally, I would fire that lawyer and hire a new one.)

I found your link very interesting though. How about linking some documentation regarding Belize Corporate law instead?
Unless this is a confession that you are operating as a Indian entity and these are shares of an Indian entity?
You do realize that book is about Corporate laws in India... right? Your lawyer must be short on time and not taken notice.
Next time you are gasping at straws, you should check the first few chapters for relevance and stop trying to mislead people.

(For those of you who are curious, start with page 2. Definition of a company regarding the Companies Act of 1956. (India) and
the following line of "a company formed and registered under previous Company Laws in India."
I am going to go out of my way to say that you have had absolutely zero legal advice and are acting solely based on random google searches
and relying on "Well let him try something." rather than doing things properly.
I truly hope for those who have invested into ActM that you run your business better than this.

Please stop being inconsistent and show people if you actually have an understanding of the things you are talking about.
It's almost like you are purposefully misleading people.

(For anyone curious, feel free to call a US corporate lawyer for a free consultation and ask about shareholder rights and liens.)
Then again, that's US law, not Brazilian.

I response to your unofficial "notice of lien" hereby request that you post the contact information for your corporate Belize lawyers or PM it to me so I can contact them to make arrangements so this can be handled properly and officially. I will make sure that any documents are released to the public so they are fully aware of the situation.

Please keep in mind that your professional manner in handling this situation dictates how you will and ActM will be viewed going forward.
As a ActM shareholder and I am sure many others agree, if ActM is to succeed, it must act properly and not arbitrarily or expose the
company to unnecessary risks.

Stop acting so desperate and do things right.

Thank You,
Ukyo

Who said anything about playing anything?

I simply stated the facts.

Besides, Ken has the right to sue for his personal btc should he choose just like everyone.
However theft for theft for his own personal reasons is probably not good either.
Beit considered theft from me or theft from weex users. I have already said many times
that my intentions were to sell the share to distribute the proceeds to weex users.

There is nothing new in anything I have said. Just putting everything into prospective.

Ken just wants to make sure he gets his personal btc before everyone else.

Also it occurs to me that its amazing there are more updates about my personal shares than about ActM.

If everything is paid for, why are you so desperate for your 100btc worth?
Why not leave the shares locked until I have paid everyone back. Are you now having to heavily count on this 100btc?
This small fraction of btc that was taken in even though everything's been paid for?
Is it really worth the legal risk for the company to make arbitrary decisions with these shares or are you just in such a horrible need of money?

Be the risk from me, a court appointed trustee, or weex users ?

Seems like a rather rash and fast decision without need.

I truly hope you have some plans for the following:

a. be able to distribute funds from the sale to weex users in debt.
or
b. explain to a court appointed handler where portions of my assets are.
(As well as explain to other weex users why your debt is more important than theirs)


Also:
What do you plan to do with all remaining funds?
It is no secret that there are plenty of shares to cover your personal accounts 100btc.
Or is the plan to continue to give no information at all, continue without any new information dates
with the last information of any kind about 5 months ago being a broken deadline so cause the prices
of ActM shares to drop so much you can continue to buy them back for pennies on the dollar compared
to what you pumped them to and be able to claim that all the shares I hold are worth less than the 100btc
you are personally having an issue with?

To be clear: I have no issues with 100% of funds from the sale of all ActM Shares assigned to me to be distributed to weex users.
Everyone should be able to see the numbers.

-Ukyo

My guess is that when I sent the list on the 8th for that week which only had the totals due for past dividends (Since I did not have the new dividend amount) is what FriedCat went back and paid out and then including the divs for that weeks dividend and did not go back and add the dividends for the 8th.

-Ukyo

Update:

Most all shares have been claimed.
The remaining list of shares (mostly 1 and 2 counts) have been provided to FriedCat.

Since he has not responded in a week, I am going with the assumption that he plans to continue with those who have not claimed in the last month. If he says otherwise the system will go back up with about 2 week intervals.

Ukyo

This issue should now be fixed.

Thanks,
-Ukyo

This was not a full payoff for the shares either. It was a a distribution of some funds.
While I may not have the ability to give users access to coinlenders to get what was there, as long as the remaining asset operators agree, we can sell/auction off the remaining assets and distribute them proportionally based on a list prior to TF transfers.

-Ukyo

I would be able to make a more accurate list reversing transfers to TF.
Everyone seems to be in agreement that he paid out nothing to anyone.

-Ukyo

I was late sending the list to FC due to a network issue outside of my control.
If it was as easy as taking a laptop to a Starbucks or McDonald's I would have.
I sat up all night waiting for things to be fixed.

The latest list of claims has already been sent to him.

If he will make additional dividend payouts before next week, I do not know.

I sincerely apologize for this.

As of now roughly 90% +/- of shares have been claimed.

-Ukyo

Incorrect.
I put around 200~250btc of my personal funds in between ActM and LC.
As you stated though, LC did not work out for anyone, and no one knows the current state of ActM. If there is a state at all.
Ken is currently holding everyone's shares of ActM hostage by not following through on re-listing ActM as he said many weeks ago or provided any updates.


So for anyone who thinks that Ken is only locking my shares of ActM, they probably do not realize it is because all shares are locked.

The funds that were invested are not in a form of "shares" that could easily be liquidated.

-Ukyo

The answer to your PM is that those funds 'stuck' on the weex portal are what you have that is 'unavailable'.
This is the same for everyone.
What you will have access to is the amount listed to 'available' once I finish fixing the current bitcoind issue.

-Ukyo

I apologies, I have am still quite a bit behind on PM's with everything going on.
I will get each of you a response right now.

-Ukyo

Not yet. That's why things are still in progress. :/
I would like to see some positive results by end of Jan.
It just depends on all the bureaucracy and red tape involved for some of it.

-Ukyo

Just to be clear. I am not threatening to "throw" weexchange into bankruptcy.
As I have stated many times, I wish to avoid this as well so that things can be corrected.
What I stated is how "others" can _force it into bankruptcy_ with a checkmate leaving it no choice.
Currently there is a choice, and there is no requirement to do this at this time.

-Ukyo