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I have been working throughout the morning to line up buyers for the CT units. Because of this, I have not had a chance to tally up votes for the motion formally. I will do that as soon as I get a chance today.
Cheers,
Garrett
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Whats the point when he has a production line in the top of the range hashfast 28nm to manage and sell....
I am not involved in a HashFast production line. That was a proposal that never went through. I will be dedicated to ensuring whatever is best for shareholders happens from here forward. |
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Sorry, the rows must not have stuck together when I did a column sort. I will take care of that today.
The 8 CT units will be online today. They are out for delivery in the town of the DC right now. Yesterday morning they were on a late flight which caused this delay.
I will provide the tracking number for the units after they are delivered.
Best,
Garrett
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Hey, I just want to clear some things up.
I have not bailed out HashFast. I do not have the funds necessary to do this.
Eight additional units are scheduled to come online this week in the Canadian datacenter.
This will put our total hashrate just below 20th/s.
Three additional units will be shipped from CoinTerra this week, putting our hashrate at ~22th/s.
I have spoken with havelock and they have a very fair approach to resuming trading. Once the hardware comes online this week, they will make an announcement 24 hours in advance and then resume trading. I am confident that share price will regain value when this happens. Dividends are scheduled to resume the Monday after trading, which should be 31 March.
I and the folks at the Canadian datacenter are preparing everything to ensure a smooth transition and to get the hardware online within an hour of it arriving.
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Are you going to address the issue regarding hashfast?
Yes: Cognitive Mining (The corporation involved in this company) is in no way affiliated with Hashfast and never will be without raising a motion. Cognitive (A separate entity) is one controlled by me and is involved in deals with Hashfast. This does not effect Cognitive Mining or Cognitive Mining shareholders whatsoever. I apologize for the confusion that comes from the similar names. The hardware (eight Terraminers) is en route to the Canadian datacenter with a scheduled arrival time of Wednesday at 12pm EST. Best, Garrett Just to be clear, you are using your own personal funds to bail out hashfast and any profits from this venture will not go to cog shareholders correct? Correct. Cognitive Mining is not in anyway involved with Hashfast. |
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Are you going to address the issue regarding hashfast?
Yes: Cognitive Mining (The corporation involved in this company) is in no way affiliated with Hashfast and never will be without raising a motion. Cognitive (A separate entity) is one controlled by me and is involved in deals with Hashfast. This does not effect Cognitive Mining or Cognitive Mining shareholders whatsoever. I apologize for the confusion that comes from the similar names. The hardware (eight Terraminers) is en route to the Canadian datacenter with a scheduled arrival time of Wednesday at 12pm EST. Best, Garrett |
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Would CoinTerra or BitMAIN be acceptable options?
If you can swing a deal with either, we could be in a decent position. If we had the option, I'd be inclined to go with BitMain myself. I have good relationships with heads of both producers and will be able to get hardware at competitive rates. It's definitely in everyone's best interest to let me get the hashpower of Cognitive up however I can, whether it means taking out a loan in the form of hardware from one of these producers, or anything else. |
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If I could come up with a plan to triple our hashrate out of pocket that would be very fair compensation. I have connections with enough hardware producers to make this happen.
Working with Hash Fast would pretty much guarantee my future actions. Would CoinTerra or BitMAIN be acceptable options? |
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Again, within six days we will be hashing in Canada with an excellent bitcoin mining company there.
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Before any threats of legal action, I must say that in a year's time if things remain peaceful I will likely be in the position to pay everyone who desires back their initial purchases, and I will consider the signing of contracts with those who this would be fair compensation for.
It is a provable fact that much of the downtime we are all fighting over was out of my control. Other hardware providers delivering late so the datacenter wouldn't host just a significantly smaller batch of hardware... it's all been a mess getting things online.
If I could come up with a plan to triple our hashrate out of pocket that would be very fair compensation. I have connections with enough hardware producers to make this happen.
All I ask for is time, and I know everyone will receive fair compensation. Please email me and I will be happy to begin negotiation on what you think is fair.
I want this to be a peaceful resolution; That is in everyone's best interest.
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Esp if you are the one counting the votes.
I will publicly post hashes and vote counts, so there is no way to fake motions/votes. Do you agree? |
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I'm a long time holder of cognitive and a fairly large one at that. I say give him the 6 days.
Thanks. As said earlier, once the hardware is online by this Friday, I will peacefully resign if 50% of shareholders desire. This time my promises are back up with actual evidence: see the emails I've sent. I can provide a copy of the agreement with the Canadian bitcoin mining company to any shareholder who desires it. Please, before accusing me of lying, make sure you're speaking the truth. |
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Never attribute to malice that which can be explained by incompetence. The urgency that COG is now showing was warranted a month ago, but we are here now.
It's hard to advocate constructive actions when the air is poisoned, but I do feel we should agree some parameters that ensure all our interests are protected.
I would see it as following:
Success: - We are mining at 18+TH/s by next Friday. COG agrees to hire external support to produce financial reports as well as arranging a 24/7 support contract. COG comm's with reopening on Havelock be discussed openly and transparently so that shareholders can make informed decisions to stay in or get out before market relisting. Dissatisfied shareholders enter in to remediation talks to change COG to a more agreeable corporate structure going forward.
Failure: - COG shareholders agree liquidation process with legal support from dissatisfied shareholders. Lawyer up.
I realise these suggestions might not be to the liking of all concerned, but this is about how we proceed not how we argue which will ultimately define the outcome for all shareholders.
I'm all for this. It's the most pragmatic approach at the moment. I'm all for YoYa's plan as well. I plan on making it up to everyone. Let's be productive instead of destructive. Our hardware will be hashing by Friday so I have no reason to object here. |
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...
Why are you choosing to target the one mining company who always has put shareholders' best interests first?
...
This is a good point. The nearest equivalent to Cognitive was bASICMining run by creativex/timonex/Eric Corlew. He disappeared pretty quickly. Of course, Garrett would have a harder time disappearing; he's lit up like a Christmas tree. ...
Whatever you choose to do, I will be on the side of the majority of the shareholders and continue working to bring the hardware online as my number one priority.
...
For what it's worth, I believe him. Garr hasn't been doing a particularly good job lately, but Cog is still moving. Finances are a good deal more transparent now. We have a hardware inventory now. We'll have more hardware online "Soon"(TM). It's far from ideal but it could be worse. As far as I can tell, Garrett has not been acting maliciously. ...
I know you are a believer that suing is the best option
...
This is a problem. Goat, what do you think the outcome of suing will be right now. Courts may seize what little cash Garr has, maybe his car and the CoinTerra hardware. By the time courts release the hardware to us, it will be worthless. I doubt Garr has much cash lying around or houses or Lambos. Any bitcoin he has cannot be given to us by the court because that is one of the reasons bitcoin was created. It's resistant to seizure. All we will gain by taking the legal route is satisfying the "urge for revenge" while simultaneously making sure we will never recover any value from this. Give him some time to get our hardware running and making money. If he can't do it by his deadline, then feel free to do the legal song and dance. Thank you for your voice of reason. Goat, I have not committed any sort of fraud. I agree that after this hardware comes online, it will be in Cognitive's best interest to set up a formal corporate structure whether I am managing it or not. Regardless what happens, I will always do my best to act in the best interest of Cognitive's shareholders. |
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the share price is .002
i represent more than a few people who bought in at .6 or over.
clearly you do not care about the shareholders or you would not have ignored them for months and months (while you traveled the world and lived the good life on our dime) and you would not have lied to me directly (more than once).
it would have been more profitable to sue CT but really either way on that. This is a while different issue, this is personal. i think it is immoral to let you keep operating, karma after all, i would hate so much for you to keep scamming more and more people. yes i will lose more money on this but such is life.
So your interest in this is preserving the wealth of others? That is noble of you, and I think your approach could be better. What about allowing me to get the machines online, which is in the best interest of everyone's wealth, and then we find a way to settle on all of this. The share price currently is panic driven and will increase dramatically once all of this hardware goes online, you know that as well as the rest of us. Like I said previously, our interests are aligned, we just have different ways of pursuing them. If, at the end of next week, you and the shareholders believe Cog is still being mismanaged, I will peacefully resign. That is my confidence level in this one-week restoration of Cognitive, it's share value, and it's shareholder opinion. Edit: Do you think a fair way to determine this would be to raise a motion, and if over 50% of shareholders want me to resign, I'll do it? |
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I have never stolen from Cognitive, and I never will.
If you are just that incompetent and it was really all mismanagement and lies then I feel sorry for you as you will need more than a few coins pretty soon. Alright then. One more question for you Goat: Why are you choosing to target the one mining company who always has put shareholders' best interests first? Many will agree with this and all but you who have responded to the latest news via email have been positive and looking forward to the future of Cognitive. And Jared, I know you are a believer that suing is the best option, remember when I convinced you not to sue CoinTerra because a more beneficial situation would come out of a peaceful conversation? It is the same case in all situations when neither party has malicious intents. I assure you my intentions are not malicious, so it would only be logical to proceed if yours are. Whatever you choose to do, I will be on the side of the majority of the shareholders and continue working to bring the hardware online as my number one priority. (Tracking numbers provided on the last page) All hardware is scheduled to be hashing Wednesday, two days before the deadline I have promised us all. Regards, Garrett |
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Garrett actually gave public permission yo contact cointerra in regard to their communications and he said to use that post as his reference to allowing cointerra to give the info to shareholders.
Well done goat! I contacted support of cointerra but they were not saying anything.
Yes I did give confirmation, because there is literally nothing to hide. |
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The cointerra deal with Ravi and Cog was only able to happen because of me and my putting up my own money to make it happen. I had to order a significant amount of hardware so Cog could get the low price.
I'm really not sure why Ravi sent me all the info he did but I do have it. I guess it was so he could be transparent in the deal. Something Garr should learn something about. I'm going to assume Ravi saw us on partners on this as it was on the same contract. I'm not sure Ravi did anything wrong.
Anyway since Garr has objected to my posting it I will not. I will not violate privacy (of Garr or Ravi).
As stated in my two posts, I am perfectly fine with you posting this, and I plan on posting it myself (because I am all for transparency), after we receive confirmation from the WA datacenter that the units there were not running, therefore I was not stealing coins. I have never stolen from Cognitive, and I never will. |
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I'm done waiting.
You have had more than enough chances to sort this out and there is no way we can recover our investments (and this is your fault personally). And while you did not run away you kept collecting more money and failed to pay out dividends.
Goat, I did not pay dividends while moving exchanges, then I paid a large, cumulative dividend when we finally moved. Please explain why you think this is unreasonable. In the voicemail I just left you, I stated that it is provable by trusted third parties that I did not steal any coins as you are accusing. (Because of my relationships with all of the top mining hardware producers) Shareholders will indeed be able to recover and exceed initial investments and it is my top priority to see that to fruition. All I ask is to give me six days, and I will be able to prove to you that I am not the enemy. Best, Garrett |
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