Statement from the Advisory Board:
Since forming, the Advisory Board has been providing a large amount of feedback to Ken and Active Mining, some of which has been acted upon already and some of which is still under discussion. This includes subjects such as the VMC website.
However, it must be reiterated that the Advisory Board does not represent Active Mining and is not a formal part of the company. As such, it has no decision making power. The Advisory Board are shareholders, like people here, who have volunteered to advise Ken and who he agreed would be good advisors.
There have been some major questions by shareholders that the Advisory Board has been passing on to Ken. The Advisory Board will continue to raise queries and to pass on feedback from shareholders, but its scope for answering direct questions is limited. To that end, the most important info will come direct from Ken or via PR posts.
Thank you for your hard work! |
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Jothekhan - decent post but you like most posters here need to go and look at some of the most recent posts from ken and PR. There is no news and there is no point repeating that day after day. When the news is ready it will be released. Until then you need to either deal with that or sell your shares.
I have read all the post from both Ken and PR and have gain information from ffsixtynine and I know where we are at in the plan. I feel that there is value in a daily, bi-daily update on the situation even if there is no change though. It confirms/debunks rumors, it builds investor confidence and makes it harder for trolls and people whom are trying to crash the price gain traction on the thread. I think all those are worth 10mins of streets time every 24-48 hours or so. Do you think that isn't worth it? |
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I agree updates should be daily or bi-daily(Even if nothing gets accomplished) Until we start making some actually revenue.
Even if its just a list of things that are on the table and their status of the day.
1. Waiting on Avalon (Waiting)
2. NDA with eAsic (Ongoing)
3. Updating website (Haven't begun)
4. Etc
Maybe even include the dates when boardmembers have/will meet so we Know with almost absolute certainty (to get rid of all the extra doubt) that they are getting the ball rolling.
I know Streets said he has a crap load of stuff to do on his plate and I respect that. I think they should find a way for him to squeeze in 10mins so he can drop a post on the thread at least every other day to keep us updated. It doesn't have to be a list, it doesn't have to be a massive paragraph about what is going on. But give us something.
P.S. In case some of you say "Well there's the list right there, you just made it." I think we would all like to see it not from me, not from another investor, not from a boardmember, but from Streets or Ken himself.
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So unless the share is locked during/right after the meeting, then no new information should be presented at this Rich Kid Only meeting.
Some points: - There will be no general shareholder meeting. There is no need for one since you can speak to anyone, including Ken even, at any time. If there is company news to share, it'll be posted on this forum. - I suggest again that you look around as you're clearly new to this and unaware of how even the best known of Bitcoin securities works with regards to 'rich kids'. ActiveMining is and always has been very open, too open it could be argued. - I can't speak for you, but none of the people we're dealing with are children or could be called a 'rich kid'. You're talking about some people with years of business experience, CEO types, and some generally very successful people. Just because this is an Internet forum does not mean you're dealing with teenagers. - What PR mentioned is a meeting to discuss general progress, to generate ideas, a forum to discuss certain things with people we know have a long term interest in the company or who we know can help. Someone who has a significant proportion of shares is very likely to have the long term interest at heart since disposal of those shares in any quick manner isn't possible on Bitcoin markets. Even then, it's not a right because the aim is to be productive in a controlled manner where every word isn't analysed and picked apart and distorted to suit certain people's needs. That would defeat the purpose of it and be potentially destructive - you can see how everything is picked apart in Bitcoin offerings as it is. - As already mentioned, there will be no significant new information released for these meetings. There is simply no reason to do that apart from anything else. If there is news to share, far better to tell everyone! This is my last post on this topic. If you continue to have a problem with it, please take it up privately. Thank you. You have actually answered all of my questions. Btw, the rich kids wasn't me calling anyone here kids. It's just a turn a phrase. Just to paint a picture of the situation. |
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I don't mind the Board meetings where NDA/private/confidential information is discussed, I trust that these meetings will not cause board members to do insider trading (I believe they were selected on credentials and not share amount right?).
The problem are these Rich Kid Only Shareholder meetings. If Hypothetical Jim has the right to attend a meeting solely on the amount of shares he has. Then I have just as much right to be in that meeting; whether I am allowed to voice an opinion on the meeting does not matter to me. But I DO NOT feel safe with Jim knowing information before I do, especially since he has the power to manipulate share price. I would like the chance to hear it at the same time he does.
So unless the share is locked during/right after the meeting, then no new information should be presented at this Rich Kid Only meeting.
It is disrespectful and unprofessional to say that because I haven't invested a certain amount of BTC into this company that I am excluded from any shareholder meeting. I Hold Shares; therefore the shareholder meeting is for me, hell it is named after my title with the company. A Shareholder is allowed into a shareholder's meeting. Case closed.
I do not know and frankly do not care if it is done differently in the real world. The real world has regulations to protect shareholders. This new community does not have these same rules and regulations and therefore it is up to the company and the shareholders themselves to product against misconduct such as insider trading.
This is difficult to understand... You would be happy if some guys on the interwebs promise you not to discuss this virtual company behind your back? What's to stop them from doing it, regardless? I do not want anyone to promise anything. I'd expect the board members to hold board meetings. I'd also expect to be able to sit in on a shareholders meeting. |
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I don't mind the Board meetings where NDA/private/confidential information is discussed, I trust that these meetings will not cause board members to do insider trading (I believe they were selected on credentials and not share amount right?).
The problem are these Rich Kid Only Shareholder meetings. If Hypothetical Jim has the right to attend a meeting solely on the amount of shares he has. Then I have just as much right to be in that meeting; whether I am allowed to voice an opinion on the meeting does not matter to me. But I DO NOT feel safe with Jim knowing information before I do, especially since he has the power to manipulate share price. I would like the chance to hear it at the same time he does.
So unless the share is locked during/right after the meeting, then no new information should be presented at this Rich Kid Only meeting.
It is disrespectful and unprofessional to say that because I haven't invested a certain amount of BTC into this company that I am excluded from any shareholder meeting. I Hold Shares; therefore the shareholder meeting is for me, hell it is named after my title with the company. A Shareholder is allowed into a shareholder's meeting. Case closed.
I do not know and frankly do not care if it is done differently in the real world. The real world has regulations to protect shareholders. This new community does not have these same rules and regulations and therefore it is up to the company and the shareholders themselves to product against misconduct such as insider trading.
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Anyone else getting:
Error:
Xcoind backend failure at 135
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Shouldn't have fed the trolls  You're providing the spam, what do you expect? Voicing my opinion in the hopes to let maturity gain the upper hand again. Stay silent and nothing changes. Whatever interests me, I try to improve it, quite neutral, as I liked the ActiveMining info and took a look Your opinion; which basically was: "Oh man, people on here are annoying. I shouldn't buy stock. Oh and I'll let them know they are annoying to piss them off." is not going to "let maturity gain the upper hand again." It is going to feed into the whining and bitching on this thread. That is what you are doing. I am not going to argue with you, I am going to let you know that your first post was consisted of whining and bitching. That is it. Now if you truly want this forum to be strictly about the discussion of Active Mining from rational minds who are all invested in the same story that can lead to success or ruin then I hope you will drop any arguments you are currently having on this forum as they are only hurting the company in the long run. Please keep them to PM. This is for everyone: Please stop insulting other investors on this thread. Please do not try to incite arguments on this thread. No one cares if you buy stock or not. No one cares who on this thread you do not like. P.S. I am not trying to offend you or anyone else. |
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Panic Buy. Look at Labcoin's entire IPO process and then the few hours post their IPO. The whole thing was a panic buy that cost a lot of people money and made a lot of people money.
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To be absolutely clear, there are no plans for a general shareholder meeting. Any one of you can contact us on IRC or by PM at any time. Monthly shareholder meetings will be held for all qualified, vested shareholders to take part in with The Advisory Board as it is formed, and Ken directly. We feel this will allow for further transparency, but also give each of you who are deeply invested in Active Mining a voice in the process. There was a number of substantial applications who we felt can represent all shareholders of ActiveMining through these meetings.
There is a problem with this. We can all agree that the BTC stock exchanges are unregulated. So insider trading can not be protected against. What you are giving is; the people who own the most shares the information first. While you might not see it as this way, we do. Hypothetical: Meeting goes on and new information comes out that says ActiveMining is ahead of schedule/hemorrhaging money. While you guys are in this meeting the people who have the ability to manipulate the share price to the extremes all just received very urgent information and can take advantage of this to the utmost extreme. Before the meeting is even over the price of shares will already have been affected with us poorer shareholders biting the bullet. End Hypothetical. I would also like you to stop saying those who are "deeply invested in Active Mining have a voice." because as it stands I am deeply invested in Active Mining but lack a voice in this process. Do I have 100,000 shares? No but my % of savings compared to % of money invested in shares is probably much higher than someone who does which I think qualifies me to attend this meeting. This whole thing can be very simple. General share holder meeting where anyone who owns shares can observe the meeting, we do not need to say anything. I know nothing about nothing about ASIC technology or how a business is ran, but I do know what is good news and what is bad news and how the person who gets the information first comes out on top. Feel free to limit who can speak/ask question in this meeting as you may. But do not kick someone out of the meeting when they have invest time and money in to the company. The only other alternative. No New information should be presented at any of these meetings or the Active Mining Stock should be locked for 24 hours after the meeting has begun. |
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I think everyone should be able to be present for the shareholders meeting. Before the meeting Streets should present a list of questions that will be asked during the meeting and give us some time frame to ask to add or remove questions to have the most efficient list of questions asked. Streets should also present (Sometime in the next few days) what information is strictly not allowed to be public due to the NDA so we know what is allowed to be public and we can ask those questions now. Example. The BTC/USD conversion is not under the NDA right? But the price associated with the contract with eAsic is under NDA correct? So even though we already know the amount associated with the contract. We should also be able to know if the BTC/USD conversion is done or not but not know if eAsic has been paid or not. The shareholder's meeting should start with a plan for the foreseeable future. Atleast up until Thanksgiving we should know where our CEO wants this project to go. (With this information, someone who understands the mining aspect/the economics and all that could end up making a chart showing project revenue until Ken gets a CFO or whoever does that stuff). Any updates about Avalon are unnecessary right now because Avalon is giving updates about Avalon, all that information is public. Any question directly tying eAsic & ActiveMining should stop being posted on this thread until Ken himself brings up eAsic AND eAsic brings up ActiveMining in a public release of some form or another. Just do not mention them.If you ignore someone. We do not care. Please do not post anymore about who you want to ignore, who you do not like, who annoys you. Just drop it. 1 Troll post every day is far better than 1 Troll post and 10 bitching and whining post that follow soon after. We should also have a rule in effect, do not quote someone unless the quote directly mentions ActiveMining in some form or another. We do not care about how trustworthy you are, who you think is a troll, or anything else like that, we did not give our BTC to you. We gave it to Ken. If a troll post and crashes the price of BTC, be the smart investor and buy some more shares. That's what we are all here for right, the BTCBTCBTCBTCBTCBTC.  PS. I've been lurking this forum for quite some time. So here is my .0002 BTC on how this whole thing should be going henceforth. If you do not like what I said, that is ok. You can let me know, I promise not to throw any accusations around. They are unnecessary and only hurt this company's reputation and therefore my revenue stream. Lets keep this strictly professional and formal from now on. Please. |
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I personally think BTC will be hitting $200 sometime in the next 12 months. As I do not day trade with BTC, I really do not care. I personally prefer it to go down before it goes up to $200 (say like $20) while I'm not in school so I can buy up as many as possible. I see a very real possibility of it hitting $150 this year though and think that $120-$130 will be the new level off point after $150 is reached.
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