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. |
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So, https://bitfunder.com/asset/ActiveMiningAsset Name ActiveMining Asset Issuer AMC Shares Total 25,000,000 Shares Issued 6,176,329 Pays Dividends Yes Issuer may Increase Shares: Yes, with vote. Issuer may Modify Description: Yes, without vote. https://bitfunder.com/asset/AMC#pane_profileAsset Name AMC Asset Issuer AMC Shares Total 100,000,000 Shares Issued 8,886,710 Pays Dividends Yes Issuer may Increase Shares: No Issuer may Modify Description: Option not set. https://btct.co/security/AMC-PTOutstanding 2516711 / 5000000 Issued So how many shares have been issued to the public? Looks like over the 10mil that is specified in the original post...  The issuing of more ActiveMining shares can be allowed in the future, as a last resort measure and after a shareholder's vote
What ever happened to this? Active Mining is only issuing 10M shares, that is all we can issue without a vote. Most of AMC shares are owned by Active Mining. |
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Volcanic, that's not the way to go about things.
Ken, you should be very specific about the walls and have hard numbers posted up here. Whatever you have on there should be the amount you want and IMHO they should stay. Done. Finito.
I didn't agree with them going up but once there, they affect the market. Removing them would then be a further manipulation and that's what's got people riled up.
If you want to make any change, or have less on bitfunder and more on btct (which I would suggest personally given volume issues) do it now and post on here what the full details are.
Yes, I don't mine doing that, however some on here disagreed with that. I have said we need to sell 500,000 more shares. I am only going to sell what is necessary, not one more share. |
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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. |
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ActiveMining: Reaches Its Goal to Fund The NRE to Create the Worlds Fastest Bitcoin Mining Chip SPRINGFIELD, MO, - July 19, 2013 - Active Mining (AM) and Virtual Mining Corporation (VMC) are announcing today that they have reached their funding goal to provide funds for the NRE required by eASIC. VMC is in the process of creating the "World's Fastest Bitcoin Mining Chip" the Fast-Hash-One 28nm 16 GH/s chip. The Fast-Hash-One machines starts at 256 GH/s with a retail price of $3,999 or $15.62 per GH/s also making it the price leader in the market place. The Fast-Hash-One series of bitcoin mining machines are "The Gold Standard Of Bitcoin Mining Machines"™ |
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ActiveMining: Reaches Its Goal to Fund The NRE to Create the Worlds Fastest Bitcoin Mining Chip SPRINGFIELD, MO, - July 19, 2013 - Active Mining (AM) and Virtual Mining Corporation (VMC) are announcing today that they have reached their funding goal to provide funds for the NRE required by eASIC. VMC is in the process of creating the "World's Fastest Bitcoin Mining Chip" the Fast-Hash-One 28nm 16 GH/s chip. The Fast-Hash-One machines starts at 256 GH/s with a retail price of $3,999 or $15.62 per GH/s also making it the price leader in the market place. The Fast-Hash-One series of bitcoin mining machines are "The Gold Standard Of Bitcoin Mining Machines"™ |
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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. |
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ActiveMining: Reaches Its Goal to Fund The NRE to Create the Worlds Fastest Bitcoin Mining Chip SPRINGFIELD, MO, - July 19, 2013 - Active Mining (AM) and Virtual Mining Corporation (VMC) are announcing today that they have reached their funding goal to provide funds for the NRE required by eAsic ( www.easic.com). VMC is in the process of creating the "World's Fastest Bitcoin Mining Chip" the Fast-Hash-One 28nm 16 GH/s chip. The Fast-Hash-One machines starts at 256 GH/s with a retail price of $3,999 or $15.62 per GH/s also making it the price leader in the market place. The Fast-Hash-One series of bitcoin mining machines are "The Gold Standard Of Bitcoin Mining Machines"™ |
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i thought the hardware preorders would fill in the leftover gap. still a lot of time left, so why put this on the patient shareholders, ken?
Yes, they might, still waiting on that big wire transfer. Not a lot of time left, want to close the deal next week with eASIC. |
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@kslaughter do you intend to reinforce BitFunder wall @ 0.00280?
No, due to the advice here. |
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Just did a quick adding up of our funds. Converted @ 93.40 we have ~$890,000, so I am going to add 500,000 shares to the wall. We need funds to cover the 40-60 machines we are building, to finish paying for our prototypes, finish paying for the engineering of the prototypes, and some for general operating expenses. Also, we need some room just in case the price of bitcoins goes down.
My 2 cents ... add that 500k to btct ... the price is at .0339+ now And do it in smaller chunks - not a 500k wall. We just got done with 2 walls ... its tiring for shareholders lol Thanks for the good advice. |
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Just did a quick adding up of our funds. Converted @ 93.40 we have ~$890,000, so I am going to add 500,000 shares to the wall. We need funds to cover the 40-60 machines we are building, to finish paying for our prototypes, finish paying for the engineering of the prototypes, and some for general operating expenses. Also, we need some room just in case the price of bitcoins goes down.
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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. Yes, working on moving those out. |
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The bitcoin economy is scary as shit  Let's see where it takes us from here... edit: Now there's a 100k wall at 0.0028 on bitfunder, did Ken put it up? He said he was putting up more shares at bitfunder but never specified at which price; it seems like a reasonable inference though Yes, those are the ones. |
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Tender Offer? What price? 1/1 - read third post of thread Will there be a Tender Fund for ActiveMining on BTCT or are we required to tender from btct to bitfunder? When Active Mining is approved, BTC-TC can do an automatic tender. |
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ugh i am kind of scared now then :/ i tendered some shares right after the last dividend, i hope i am able to get my activeminer shares on bitfunder in time ._.
Yes, I will try and get those done today, not that many now, but it does take a little time on each one. Maybe a warning should be given so people will stop buying AMC thinking they can tender for ActiveMining in the near future when we hit 10,000,000? Yes, we will be doing something about that soon. |
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ugh i am kind of scared now then :/ i tendered some shares right after the last dividend, i hope i am able to get my activeminer shares on bitfunder in time ._.
Yes, I will try and get those done today, not that many now, but it does take a little time on each one. |
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Adding a few more shares on bitfunder.
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Putting up a small wall on bitfunder at .0025.
pfft 250k  It was the one that was there already. I will be taking down the wall on bitfunder, for dividends payments.
Yes, just increased it a little. huh I thought you were going to get rid of any walls once you got your NRE funding Yes, we are getting close, but not there yet. Also, need some over the NRE for the Avalon clone boards, remaining engineering, and balance for the prototypes. We are just about to get over the hump.  |
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Putting up a small wall on bitfunder at .0025.
pfft 250k It was the one that was there already. I will be taking down the wall on bitfunder, for dividends payments.
Yes, just increased it a little. |
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