Incredibly stupid thing to say.

'I don't like the shareholders of Apple so it must be a bad company'.

The logic of a five year-old.

The day eASIC come on here and say sorry Ken is lieing there is no 28nm custom chip.

or

The day UMC come on here and say sorry Ken is lieing there is no 55nm custom chip

then I will wake up.

Till then, you are the one who needs a reality check.

Yes he did. And if you are Danny then Danny you have made a serious error getting into this mess.

No shares are available to buy on CT atall except Ukyo's (2.3% of the total shares).

Ukyo's shares are fixed-priced well above any previous all time high - so that they do not interfere with early-days trading.

The shares, the other 97.7%, are not trading as they are not yet on CryptoTrade.


You have just said in the ACtM thread that the shares have not been out on an exchange and we can't trade them and probably never will be able to.
You can't have your cake and eat it.

It's Eduardo from Hashfast. Welcome to bitcointalk.

Lol to Eduardo going into OVERDRIVE today.

That is a great sign for everyone. You can almost smell his desperation.

Right on cue, just as shares are about to be traded live again he pulls out all the stops. The timing is impeccable - could he possibly want cheap shares? mmmmmmm


OK about this point: sometimes the Trolls have a point.

Well what that means is sometimes a Troll states the obvious. They don't really make good points atall, they make obvious points.

Yes Ken's comms have been lacking - err we know
No we have no hard evidence of a miner - except the eASIC press release that's right
No we don't know what wages the staff are drawing - no we don't
No we don't have very detailed accounts - no we don't
etc
etc

Now personally I think the reason we are not hard on Ken on these areas  is because of the ever present pressure from the Trolls. They actually prevent a healthy discussion and strong questioning of Ken on here because everyone is always working on battling the lies and disruption from the Trolls.

Before the Trolls appeared on this thread we shareholders questioned Ken. We also battled with him over the original IPO - and it was changed significantly. We got a much better deal for the shareholders. MUCH much better. Ken redacted his original IPO to his own detriment. He put himself in the position where he now needs to make around 25-50Million dollars of profit for shareholders BEFORE he gets any money from the dividends.

So the point is we are more than capable of taking Ken to task without the Trolls. And we would do a much better job without their input. But while they are so active on here posting multiple times per page  we are distracted from doing so. Ken is also so fed up he has all but abandoned interacting on the thread. This means the Trolls are being very effective. You can't deny that. But they are effective at total disruption not at questioning Ken on the specifics that we all want to know.

Ukyo's shares are indeed listed at 0.01BTC each on CryptoTrade. The shares are not yet trading, they are expected to go live within a week and most holders are expecting a market price around 0.006.

ACtM have had some exceptional news releases recently so price is difficult to predict.

Well it's not my number is it? It's Ken's. I thought that was really really clear - as I quoted him.

And the prices in the table are clearly marked as Average Retail Price - in really BIG writing up the top - so they are not fixed price points.

Thirdly, customers can get special deals with suppliers. You may have heard about that?



Eduardo your naivete and lack of attention to the obvious details in a simple table and simple post explains a lot about your company's current situation. Maybe you aren't very good at seeing straight?

Ukyo isn't going near any Court if he can help it. He is basically on the run right now - or as good as. I've no doubt the authorities would like to speak to him and soon will be. The only Courtroom he will be seeing is the one with him in the dock.

The actual quote from Ken is:

'How about 0.017 $/kWh'

Which is 1.7 cents per KWh which according to this table is very very very good for industrial use:

http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a

So Vince, the figure is 1.7 c/KWh on the leccy bill.

By bubble he means the speed of the appreciation in the value of BTC has gone up excessively quickly. But many stocks show bubble-type 'explosions' in their short-term price-chart. You come back 2 years later and that bubble is now a small part of a larger chart.

This is a classic bubble chart:


Internet adoption from 1990-2005.

So some bubbles never pop. Global/mass-adoption tech usage is one of them.

You will see a similar chart for motorcars, televisions, PC's, smart-phones etc.

Could BTC be in a bubble-type state? Yes.
Should we be worried about the BTC bubble? No
Does it ever have to burst? No.

Investing it into ACtM was illegal but a decent bet - as we now see.

Gambling the rest of it on the markets was very very stupid and also illegal.

Multimillion dollar fraud only ends one way - Jail.

That's why you will never see Uyko again if he gets his hands on these shares. Not unless you visit Mexico.

Ukyo sold the coins on an exchange at what he thought was the top of the market back in October. I've posted on the 'Fall of Uyko' thread about this today. He planned to buy back all the coins plus more for himself at a lower price than he sold for. It was a big big gamble with someone elses money.

Right now he has enough FIAT to buy back probably 30% of the coins he sold. If BTC has a major fall he could buy them all back and pay you all back - but that is very very unlikely.

See the 'Fall of Uyko' thread to see how much these shares are worth.

I would say Ukyo is not the best person to be holding these shares right now. If he had control and sold them do you really think you would see any of the coins? Who knows his real identity? He is millions of dollars in debt, possibly going to prison and has all the reasons to run with his ACtM share money.

hak8or-

Why do you think?

Just by chance?

Maybe ACtM competitors are trying to disrupt the company? It can only be that really if you think about it.

No, it's not Ken's job to distribute the coin.

What he has said is that he is using Company and Corporate law to declare lien upon Ukyo's ACtM shares. Ukyo has accepted all the shares should be sold. Ken has also said he is selling the shares to recover ACtM losses and according to the laws of lien he is entitled to recover only ACtM's losses and costs. Any surplus (shares or BTC) will be handed over to a third party I would assume. Ken does not have the time to organise distribution himself.

Edit - he has taken legal advice on this so is following that advice.

That's all I'm going to say on this on this thread, if you want to keep checking the ACtM thread for updates please do.

No problem Pompobit, you changed it which makes it more clear. So long as people are aware this is not Kens 'personal money' - Ken is simply taking proactive steps to secure crucial company funds.



Also, and this is very important for everyone, the price Ken has listed Ukyo's shares at on CryptoTrade (0.01BTC per share) means only about 5% of them would need to be sold to cover all of ACtM's lost BTC. Ken has said he only intends to cover our losses. So the other 95% would then be either returned to Ukyo or possibly a third party/legal representative (to ensure WeEx users money is safe.)

Having said that lets be clear no-one knows if the shares will sell at that price. I don't think they will until ACtM makes some more progress and/or releases some more detailed news. So if they don't sell at 0.01BTC it's probable that Ken will need to lower their price to sell them and to recover our funds. (The market will decide what price they want to pay for these shares not Ken.) In other words ACtM would need to sell more than 5% of the shares to recover it's losses.

I accept your views on this lien and understand your concern but Ken is doing his best to get the best price for these shares so that all WeEx users do get something from their sale. A successful ACtM means more money made from Ukyo's shares and more refunds for the WeEx users. So please support ACtM because you will be supporting your own funds.

Hey Vince. I know it's risky and you can get shot down for it  but would you like to share some of your 'maths' (i.e. mathematics) - or to be more correct, arithmetic - on this particular part of our day to day running costs?

Yes, so that the wall he has to create with these 232k doesn't interfere with early-days trading on the exchange.
But why change the subject so quickly crumbs/Eduardo. Trying to lay a false trail?

I appreciate that Pompobit thanks.

However 'personal company's debt' is still misleading. This should not say 'personal' atall. It is simply 'ACtM company debt'. Ukyo is making a legal point about this and he is wrong according to Ken and ACtM published company accounts - so your wording should be clear and unambiguous.

Thanks again.

By the way Pompobit you are lieing in the first page of this thread and again on this page about this ACtM shares issue.

Ken has never said the missing WeEx BTC was his personal money. He has categorically stated that it was ACtM funds for the payment of dividends on BF, from the sale of IPO shares and for the pre-arranged (with the shareholders) transfer of shares at no cost from BF to CryptoStocks.

So please stop referring to 'Ken's personal debt' - it does not exist.

The missing BTC have been subtracted from the ACtM balance sheet and when they are returned will be put back into our liquid assets.