without information about where his walls are, he could easily sell shares for Ferrari funding rather than expense funding, and we would still think he needs more.
we need more transparency NOW, or I'm out. You have 1 hour..
@VolanicEruptor Go ahead and jump out, the last time you did that it cost you plenty. VE's calls for transparency are not unwarranted and entering into chest thumping contests with significant investors is a poor PR move that will hurt the entire company I have been very transparent. I have said that we are issuing 500,000 more shares. These will be spread between bitfunder and BTC-TC. This is less than we had posted at first after the price of bitcoin went down to around $68. At that point we added 1M shares, 500,000 on bitfunder and 500,000 on BTC-TC for a total of 4M shares, however because of the flippers bitfunder shares were not selling, so the wall was taken down after a post here. Now that bitcoin has gone up we can sell less total shares which we are doing. I think what they are saying is that though it is transparent on what you are doing, it is still the 'what' and not the 'why' that is being communicated A CEO doesn't have to explain himself every 10 minutes to complete strangers (and fakes) like Floates, STS, Eskimo etc. The NRE is raised. The IPO is over. Some small expenses remain to be gathered. We can safely ignore people like Eskimo and try and identify genuine share holders with genuine concerns and take all steps necessary to reassure them. Floates, STS, Eskimo etc are trying to drive a wedge between a very successful start up (ActM) and its legimitimate long term share holders. I still can't get over that 'Caveat Emptor'.  and the name calling begins. Seen it all One time, I saw a CEO get early investors on as "Directors", and then if the directors asked too many questions, he would proclaim to everyone on the email list that those directors were liar hackers and that any email from them would contain a virus. Also would "kick out" the director and keep their shares, or the value of them |
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oh, those walls were just enough to recoup the initial hardware cost of the BFL, at $25,000 . The recipient is seeking to make $30000
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hahaha
Kenneth said he reached funding goals, and said previously that he would pull any walls once funding has been reached.
However, he puts up a new 100,000 share wall on BTCT as well as a 100,000 share wall on BitFunder at .00265
The email went out at 355.. 7 minutes ago. Posting from my SG3 We at this point have enough funding to pay the NRE; however, there still are funding needs over the next few weeks to pay expenses as I have outlined in a previous post. So, as soon as those funding goals are made, then the walls will come down. Should we receive enough wire transfers on the machines we have sold, then the walls will come down. borrow for them. get a line of credit, these expenses should be negligible. |
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caveat emptor
That means 'seize the day'. It means buyer beware in the modern lexicon, as well as in latin Jesus, get out much?! I've traded on the pink sheets before, its a term the exchanges. I've seen allllll sorts of spectacularly clever ways of ruining a business Is this guy for real?!  There is usually one or two of the anti-dissident cheerleaders in the crowds, seen it all. *yawn* |
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caveat emptor
That means 'seize the day'. It means buyer beware in the modern lexicon, as well as in latin Jesus, get out much?! I've traded on the pink sheets before, its a term the exchanges use. I've seen allllll sorts of spectacularly clever ways of ruining a business |
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caveat emptor due to the fact that there are more than 10,000,000 shares outstanding between the two AMC-PT, I don't fully understand what will happen to those shareholders after July 31st
Where can you see the number of outstanding shares on bitfunder? under profile |
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First of all if any of you have sold the farm to invest in any of these BTC mining stocks, including the successful ones, then you've got bigger balls than me.
Yeah, I guess I'd be freaking out too but: "you shouldn't invest more than you can afford to lose..."
Sitting and watching the exchanges and scrutinizing and guessing every single move is creating FUD. FUD will break this.
If you can sit tight and let this thing play out, you just might be happy with the results.
otherwise... "the sky is falling."
Look... I'm no FUD spreader and I'm no troll. After my investment today, I'm officially a pissed off shareholder. First we have a huge wall to satisfy NRE. But Ken says with pre-orders we will hit NRE and he will then remove the wall. Apparently the wires didn't come in as he had expected. But then the wall is naturally eaten away by investor interest. Very quickly, I might add. So that's it, right? We've gotten NRE taken care of let's do this. But no. Ken erects another wall. Are we going to see any more walls? It's pathetic. couldnt have said it better This is the exact kind of stuff MPOE try to prevent from happening with the arbitrary and harsh scrutiny of every btc venture that comes here. Doesn't stop ridiculous stuff like this |
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caveat emptor
That means 'seize the day'. It means buyer beware in the modern lexicon, as well as in latin |
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Volcanic Erupter, are those your 120,000 shares at 0.002817 or is that the new wall?
Not mine.. I'm giving Ken one last chance to step up and be a little more professional deduce it real quick. all Ken can come in here and do is instill confidence with a few excuses, to rationalize these obvious red flags that make zero sense over the last century "Confidence Man" has been shortened into a different word, don't let your cognitive dissonance get in the way. The reported pre-sale estimates should more than compensate for the new share wall. |
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So why are you asking questions instead of buying? quote for lolz. just liquidated half my position on ActiveMining bitfunder |
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eh.
caveat emptor due to the fact that there are more than 10,000,000 shares outstanding between the two AMC-PT, I don't fully understand what will happen to those shareholders after July 31st
caveat emptor due to the fact that additional walls are put up by the issuer at different share prices without warning
caveat emptor due to the fact that the additional walls are in bitcoins that are immediately liquidated into fiat at random exchange rates, which are pushed lower by the amount of bitcoins that must be sold for USD
caveat emptor due to the fact that the aforementioned caveats create an accounting blackhole
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I realise you are busy, but could you clarify this Ken (or someone else)? Also, we have most likely got the NRE funds. So now, its a case of cashing the BTC out into fiat and getting on the phone to the manufacturers right? just like last week, Ken selling will be a major cause of BTC price crashing lol. |
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My private fund has done better. But I was advertising an algorithmic one here a few months ago, what I've done were all my own trades manually though.
I guess I could get my BTCT.CO trade history and Bitfunder trade history
anyway PM me if interested, xaviarlol
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It isnt about a bet on a specific company, it is a bet on acquiring machines that deliver the most profit and yield to investors. If you had a suggestion on a better alternative I would be very appreciate!
I am just pointing out that other mining 'funds' are also completely bets on one single company delivering a type of ASIC on time. If you want to bet on KNCMiners delivering on time, the 12,000 us dollars you plan to raise would work better buying shares of ADDICTION If you want to bet on Metabank delivering on time, your 12,000 us dollars can buy more than half of BFMINES If you want to bet on Fast-Hash technology, buy ActiveMining shares at the low low price of .0025 btc before its too late in a couple of hours |
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so your company will be a bet on KNCMiner, why would people want in on yours instead of ADDICTION which is a KNC Jupiter Groupbuy with 12 Jupiters purchased
I think it would be a good discussion to talk about the issuance size and profit potential, I suppose
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Yeah im going through it now sorry, I planned on making it H.I.M unfortunately another company has the same name.
another bitcoin mining company? if the answer is yes, it doesn't matter, if the answer is no, then it still doesn't matter because it is an unrelated trade |
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Our minirig is safe and sound. I need to unwind a bit before I unload it, heck of a long drive. I'll snap off some pics and hopefully get it online yet tonight.
Cheers.
wow cool so everyone, there wasn't a booby trap at the data center after all! (and those big sell walls are probably most definitely the previous owner's new shares) |
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Putting up a small wall on bitfunder at .0025.
...... anyway so lets discuss leverage, are we all opposed to financing of hardware sales gets us mo' money in da bank |
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when is Metabank supposed to deliver again? I lose track
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