We're not in the world of normal shares, and in that world, having your shares non-tradeable for nearly an entire quarter would not only be unacceptable, but pretty catastrophic from a business perspective I'm sure (has this ever happened? I have no idea).
Pre-IPO this is exactly what happens, but arguably without the requirements on reporting. Since we all invested in ActM at the startup stage we should consider ourselves pre-IPO startup investors. This man owns 60% of a company's profit that we put the money in for.
No one needs to defend him, he needs to answer questions about the core business and shareholder concerns. It doesn't matter if it is the holidays or not.
First up, the first 0.0025 dividends go to shareholders only, so he owns 0% of that (or however many shares he's personally bought) Secondly, being so unreasonable about somebodies holidays is deplorable. Everyone deserves a break especially considering all the little tantrum-ing children in here. Thirdly Ken has to be careful about how he provides investors with information since he is already dancing on a fine line on thin ice with the SEC - as such he can't just answer questions willy nilly as it might be deemed to give certain shareholders an advantage. Finally - it may not be in the companies (and by extension the shareholders) best interests for shares to be tradable at this stage. My personal view is ActM is better off NOT listing shares on another exchange, and making all share transfers private exchanges negotiated and executed between two individuals with only administrative help from the company. This is how most un-listed companies work, and its perfectly legal. Anybody who expected anything new between christmas and new years day is a fucking ignorant tool. Me out. You have completely discredited yourself. "It may not be in the companies best interest for shares to be tradeable at this stage."? This is by far the dumbest thing I've read on this forum. I hope no one takes anything this man says seriously after this. "Anybody who expected anything new between christmas November and new years day January is a fucking ignorant tool rational person" You tell me what has changed between November and January and I'll let you slide on this very unintelligent comment of yours." You are by far the most misguided person on this forum. You defend Ken as if he can't answer for himself. Do not give the man excuses, he has had 3 months to think them up. He needs to answer for our share situation and elaborate on our equipment situation. If you don't think this is the case then you are the "fucking ignorant tool" "First up, the first 0.0025 dividends go to shareholders only, so he owns 0% of that (or however many shares he's personally bought)" If as long we don't have access to shares, and we don't have access to any company information then Ken owns everything. We don't have shit. .0025? Half of you guys thinking hes secretly mining on Eligius right now anyways. He seems to be paying himself too, I think hes made more money off ACTM so far than anyone else. PS Please take a moment and read what I posted. It is very common for people on here to completely ignore what I post and try to explain some very WRONG misconception they have. |
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You wouldn't survive in the world of normal shares, where talking to the CEO is impossible, and your only info is quarterly (extremely vague) reports and the occasional press release.
People like you are exactly the reason scams happen and still happen. +1 This man owns 60% of a company's profit that we put the money in for. The only verifiable evidence of anything he has done is a eAsic press release which is months old and some very temporary extra hashrate that came on in November. No one needs to defend him, he needs to answer questions about the core business and shareholder concerns. It doesn't matter if it is the holidays or not. If he would have answered the questions before the holidays, then he wouldn't have to worry about them during the holidays. It's as simple as that. None of this would work in the "real world" like many of you say. In the real world the stock price would be 0.0000000 and shareholders would have access to their shares. Ken needs hire a PR person who is dedicated to answering customers/investor's questions and marketing the company if he doesn't want to/can't/won't do it. Whether he wants to do it or not it needs to be done. We are at the point where everything the investors want to do is the opposite of what Ken is doing. If this is the case; either he doesn't have investor's best interest in mind, he is fooling us, he has very important information that needs to be shared, or he has no clue what he is doing. I am at the point where I just ignore anything Ken says unless it mentions us mining or us getting access to our shares. Everything else is fluff that means absolutely nothing. "We are trying", "We are dedicated", "I have devoted 100% of my time"; none of this means anything. You can't value a company on this, you can't value your investment on this, you can't do anything with this but sit on your thumbs and wait till next wednesday and hope it isn't the same shit it was last week. (Which is what we have been doing for too long now). |
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Weekly Update 1/1/14
Happy New Year!
The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.
Not a lot of changes from last weeks update:
We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.
We have been working 100% on our core business.
ActiveMining-PR Staff
If you really assemble then why no picture of it? I mean its easy as pie to do. Because if you have been paying attention he has 250 TH on Eligius running rather consistently and being optimized. Prove it. I would love to believe that but I simply don't. Please prove me wrong. There is a simple way to prove it. Check the dividend pay out address. If the BTC are not going into that address than that is either not our equipment or we are being stolen from. It is as simple as that. |
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Fantastic work Ken. Keep it up, we are behind you all the way.
A happy and prosperous New Year to you and yours.
Uh.. Didn't we all agree. This was NOT a good update. What about our shares? He needs to inform us of this. EDIT: The 100% on the core business means no time is being dedicated to getting our shares back? Every other company (even the scams, Labcoin) had their shares on a new exchange in under a few weeks. We are now looking at multiple months without share access. We literally have investors who are TRAPPED into this investment (Not I, I don't wish to sell shares at the moment) and it is not reasonable. |
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anything short of "here's pictures of our chips" or "we'll be going live on CT by Friday" would be disappointing.
I agree. |
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Doesn't really answer why hash increments of 25 TH. That really only fits with ActM.
Please... do you still not understand VMC's products? These are not 24TH single unit miners. Actually, the whole "innovation" was to be modular. Just stop watching Eligius. If there are actual good news, they will be told by kslaugther. Exactly you can easily check our Div address to see if this is us or not. Nothing else has to be said or done. |
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Has Ken actually indicated he is holding Ukyo's shares? As far as I can tell Ukyo's concern is the same we all hold... without being re-listed all of our shares are on hold. I don't think Ukyo has any special grounds to complain concerning the situation with WeExchange and BitFunder.
Granted we'd all like to see our shares back in our position and listed on an exchange... but until ours are and Ukyo's aren't... he has no grounds to complain beyond what we all hold.
Honestly the entire situation stinks... I'm still curious as to why over 100BTC was stored on BitFunder and if that is 100BTC of ActiveMining's assets or Ken's. He listed it as ActiveMinings... which leaves me curious as to why.
And for crying out loud where are the financials... all things aside this is something that Ken should be obligated to release on a set schedule. And I'm not talking about a brief one liner... but a proper balance sheet etc.
The money could be there for many reasons. One of the simplest being the money is there to pay out divs as they come in. Instead of going through the process of sending the divs through weexchange every time divs are due he could just send one big batch and pay out the amount equal to the divs for that period. I also remember talk of someone stating that ACTM has bought back shares of itself? Not exactly sure what that means. |
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Happy New Years,
Though this my fall on deft ears I want to at least give it a shot.
Ken you have an update coming out tomorrow;
Urgent
Can you elaborate on our shares and the process of us getting access to them. (When will the shares be tradeable?)
Expected timeline for when we will begin low production. (If you can give estimated dates for shipping hardware I think we are able to get estimated dates for when we start receiving low volume production.)
We are very curious about
Do you have anything to say about the new hashrate that has hit the Eligus pool? Is this hardware that we have shipped. (Others may not see it as good news but I sure as hell would. If you know anything about this can you say so? If this is not something we shipped can you also state this so that we can keep it off this forum then?)
Are the 106BTC locked up in Weexchange ActM's money or your personal money? (I can understand why you wish to take Ukyo's shares as your own if Ukyo has stolen your BTC. We should be privy to the information about whether this is a very personal matter between you two or a business matter between Us and Ukyo).
Again, we look forward to hearing from you.
Hope everyone is enjoying their holidays.
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We get it guys; its not HashFast and its not ActM. We don't have to continuously repeat this. It could be our first shipment from November though. The fact that they stayed confidential about who got the hardware and the fact that this person slowly adding TH to his operation hasn't come forward do suggest that we shipped our low volume chips to this user along with Canadian and whoever else was lucky enough to order first.
Why would we ship other people product before adding to our hashing power? Makes no sense. If these are VMC miners they are hashing for ActM. Bargraphics wouldn't tell us honestly if it was ActM because everyone wants to get cheap shares. Because we have an obligation to our customers. It seems a lot of you guys don't exactly understand how a business is run. Ken has promised full refunds if we did not ship. So what do we do? We ship. All of our income was a liability until we actually shipped a product, we could not reasonably spend it on our own hardware if it was money needed to insure that we got our product to our customers. Then we reap the profits to pay for our own stuff. You can't just take peoples money and use it for yourself if you don't want a ruined reputation and lawsuits on your hands. You guys seem to understand this when you pay for something, but not when someone pays you. |
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We get it guys; its not HashFast and its not ActM. We don't have to continuously repeat this. It could be our first shipment from November though. The fact that they stayed confidential about who got the hardware and the fact that this person slowly adding TH to his operation hasn't come forward do suggest that we shipped our low volume chips to this user along with Canadian and whoever else was lucky enough to order first.
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Has it not already been established that this is not Ken, as Baragraphics knows the entity the address belongs to?
I believe so: 225 TH/s is a nice, even 9x24.567 TH Fast-Hash One Platinum miners.
It goes from 65 TH (roughly 3x24.5 TH - could have been working out some bugs, bad chips, or hardware build issues), to 100 TH (roughly 4x24.5 TH), to 150 TH (roughly 6x24.5 TH), to 225 TH (roughly 9x24.5 Th)...
Whoever is mining is operating at roughly 2.25% of the global Bitcoin hash rate.
It's not ActM. I know this for a fact, as much as I would rather it be them. Could be our first shipment. |
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Everyone who is against the company is not a troll and everyone who is with the company is not a cheerleader.
Entropy is not a troll, he just has very underhanded reasons for making people hate the company. Everyone here is acting like they have shareholder's best interest. That is definitely not how people operate. Everyone here has their best interest. Please take everyone's statements with a grain of salt. Also
@TheBishop, please try to write in a clear concise way if you don't want people to think you are a child. I don't think you have posted one complete, non run-on sentence yet.
@Ken, Please have an update about our shares in the next (and every following) Wednesday Update until we have our shares.
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I was told by a friend that he had gone to Virtual mining corp office and talked with employees that are brother sisters ect from kens family! He said he asked to buy a miner and was told that VMC can not sale to people in MO. He said that he looked around and didn't see a whole lot going on. So when the lady at the desk told him that they are waiting for there second batch of product to come in because the first batch had been shipped out! Note: COINTERRA GIVES UPDATES THAT ARE BELIVABLE! http://cointerra.com/engineering-update-goldstrike-fabout-bumpout-completed-sorting-packaging-underway/Yes Cointerra's update is far more believable than yours. Thank you for coming in here for storytime about your friend and leaving with a note about cointerra. It has been truly helpful to us. |
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I don't know what to do, I got six emails from Virtual Mining saying six different things, and one tells me that they will ship as soon as they get my money, another tells me that they won't charge me for gift wrapping(!) Has anyone bought anything from these guys? Is there a support thread? Are they legit?
C'mon crumbs... dolor err dolor esHaze WTF? Here's one claiming they'll ship as soon as they get my money:  Let me assist you. If you order today, you are at the end of the queue. You will not be getting hardware as soon as you pay. I can guarantee this. You no longer need to post here. If you have been banned from this thread on another account (this goes for anyone) then please just stay off of it. |
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@ MBS I've sent one of my friends to VMC, he bought 1THs Platinum more than a week ago. Today he called and told me that aprox. shipping would be 2-3 months. So, WTF? I'm too ordered when here in forum shipping was December, not 2-3 months.
That is for ordered which have been place last week. We have a pre-order queue, so if you are at the end of the queue, then the wait is about 2 months. Why has the pre-order date for the fast hash one silver changed from Dec 31 to March 2014? Will this affect pre-existing orders?
Can we cancel pre-orders and receive a refund?
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Also guys, today in America, December 26th 2013 is a business day; so is December 27th. The only day that is not a business day in December that is was not on a Sunday or a Monday was Wednesday December 25th, 2013. Investors have the right to ask Ken questions on this thread. Please try not to insult them, or instigate and argument between them. (Maybe you get the 31st off too. I'll check my calendar.)
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With card availability beginning April, I think it safe to say that low-volume production will start in March, putting normal volume production in April/May (4-6 weeks afters low volume production).
Is anyone still delusional enough to think normal volume production will be January?
Does anyone here still think normal volume production will start before April?
Some points: You have repeatedly shown yourself to be wrong time and time again. You have lost your own money on Labcoin and now you are plaguing this thread because you want to Troll the share price down and buy shares cheaply. Ken has said we are close to assembling machines and suggested January for full production - is he delusional too?? You wont accept this because you are Trolling for cheap shares. You will bang on and on and on about this until you get your cheap shares. Then you will pump ACtM just like you pumped Labcoin - and that will be even more more annoying than what you are trying to do now. @Mabsark: Ken has stated that the dates on the website now do not represent the first people to have ordered hardware. That date is for people who order hardware TODAY. If you have already ordered hardware you can expect your machine on the date that was posted when you ordered. Factor in delays with sample chips and we should be looking at mid/late January (Speculation; but since the rest of seem to do it and announce it as fact I think I will do the same for this post.). (Now before you continue posting please reread the bolded sentences so you understand exactly what it says. |
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Hello
I had bitfunder shares in Activeminig and after several PM with Ken I still don't know if there is a way of recovering them. A search of "shares" in this thread shows over 30 pages, and I can't find an answer to this question that easily. Can anybody in the same situation please enlighten me as to what (if anything) can be done? Thanks!
We are in the process of having them switched to a new exchange. crypto-trade.com At the moment no one has access to their shares and most of us were hoping that the Xmas update was about our shares finally being sent back out to us. Thanks JoTheKhan for the quick and reassuring reply. If anybody has an idea of how to be updated on process other than do through tens of pages, I would appreciate as well. Happy Xmass to all I recommend you just look at KenSlaughter's last posts. Check it once or twice a week and you'll see any necessary infromation. That and ActiveMining-PR and you should be fine. |
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Hello
I had bitfunder shares in Activeminig and after several PM with Ken I still don't know if there is a way of recovering them. A search of "shares" in this thread shows over 30 pages, and I can't find an answer to this question that easily. Can anybody in the same situation please enlighten me as to what (if anything) can be done? Thanks!
We are in the process of having them switched to a new exchange. crypto-trade.com At the moment no one has access to their shares and most of us were hoping that the Xmas update was about our shares finally being sent back out to us. |
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Interesting factoid for the day. 200nm is exactly 1 billions of a meter
Sorry, but this is too classic to not be preserved. It shows exactly how bad you have to be at math to invest in this disaster. Nano is a SI scalar for units of measure. It is 10^-9 or 1 billionth. That is, 1 nm equals exactly 1 billionth of a meter. God damn your so smart. I should take all my investing advice from you. So guys, do we think we will get an update from Ken about shares before or after the New Year Starts? |
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