Well crumbs, you are breaking your own advice and seemingly TOS. You are evading bans to repeat-Troll. Thanks for the info, I will contact BCT Admin and suggest they take this course of action to have your IPS cancel your contract.

Thanks again.

That would assist yes but it's not essential as you would suggest. BTC is not just an asset class it's also a currency, and widely adopted currencies do not need investment vehicles to support their use and value.

What BTC really needs is price stability. It needs market-makers, and if your proposed vehicle would directly help in a small way to prevent 15+% swings over a day then it's to be encouraged. As market-cap grows the average daily range should fall in percentage terms but that shouldn't just be an unintentional consequence of a larger market.

 

Yeah remember you are talking to crumbs - the guy that worked out there was 48 weeks in a year by multiplying 4wks by 12 then proceeded to tell someone off for doing poor maths!

He's a total imbecile. Probably OCD or Special Needs. lol 

While it would be great if it were  ACtM hardware, it doesn't matter at the end of the day. Ken is still close to assembling and shipping our hardware and he just said we are going to have a great year ahead. I'm more than happy with that assessment - from the man who has the details.

Vigil you have done a great job here - the new Colombo. I'm 75% convinced it's us or out first major customer taking a 'beta' product with support.

+1

No problem entropy,

you say the case will run 5 years, meanwhile ACtM are trading - we are fine.

I say the actual case I quoted show if ACtM did not contest the case it will be over in weeks, they would get a fine, have to pay back (maximum 700k USD) and agree not to do again - we are fine.

Either way it's not an issue that would threaten the solvency or day to day operation of the company.

Again, if you have evidence otherwise i.e. test-case material, please share it. I quoted you an actual SEC case, you are just speculating on nothing factual.

Thanks.

Worst case scenario is reimbursement to shareholders of initial fiat investment (should they request it) made on Bitfunder and a fine.

The company will survive. If you think the repercussions are vastly more serious than that for a legitimate business please show us the relevant test-case/court case raised by the SEC.

Thanks.

Mabsark you get really shirty and vulgar with anyone who crosses you don't you?

How about less of the name calling huh?

You don't use the word 'probably' because you clearly always know all the facts? I see. Well done.


EDIT - fine Mabby, go complain to the SEC. After a 2year court battle you might get your shares swapped back out for your initial FIAT investment. Meanwhile all the other shares holders who decide not to contest will keep their shares, keep their divs, and will be sitting very pretty. I'm sure that will make perfect sense to you.

Instead of speculating on what the SEC do, look up Securities and Exchange Commission v. Banc de Binary Ltd

Banc de Binary were charged in 2013 with offering  securities transactions (binary Options) to US customers without holding the relevant broker/dealer licence.
There was no accusation of any fraud involved.

'The SEC's complaint seeks disgorgement plus prejudgment interest, financial penalties, and preliminary and permanent injunctions against Banc de Binary '

So worst-case scenario is the SEC seek to re-coup funds raised from Bitfunder (700k USD?) plus a fine and an injunction against ACtM listing on an unregistered exchange in the future.

It's not the end of the world if it happens, but I'd say it is  very unlikely. This is a new industry with many grey-areas. For the SEC to have a good chance of winning a case against any legitimate BTC company for incorrect listing on an un-registered exchange they would likley have to have a cease and desist instruction go ignored.


http://www.lexology.com/library/detail.aspx?g=b3fc9cc9-822b-4a29-938b-b48278adece4

http://www.sec.gov/litigation/litreleases/2013/lr22718.htm


NB -  the rationale behind the above court-case was the economic protection of the regulated US Binary Broker/Dealer industry - protecting US business. That's fair enough. But how would taking ACtM to court protect US business or jobs? It wouldn't.

Errr HELLO!

The SEC closed down BF! They took our shares off the market!

They are probably guiding Ken on this issue hence the delays and his mention of sorting out the legal side of CT. Please keep up Mabsark.

And NO-ONE but Trolls say Ken has ripped them off. Keep trying Mabsark.......but the days of cheap ACtM shares are OVER.

 

It's relevant as to what? He ran a Ponzi scheme and de-frauded investors of 150k BTC. That is why he's in trouble and every Ponzi scheme operator is a serious criminal. Are you saying that's news bro? It's not bro. OK bro? See ya crumbs.

re: Trendon Shavers - Ponzi schemes world-wide are always prosecuted - it's got nothing to do with the currency used.

I'll say again. The SEC are not prosecuting Ukyo, they are guiding and instructing this industry not prosecuting it.

This will be their main concern in the BTC arena.

We need to remember that they are also bound by the laws of the US and they can't barge into a business premises and close them down without serious evidence or serious criminality. They do not want to be taken to court for a multi-million dollar law-suit, which is what they would face if they closed down any legitimate business that is serving it's customers and investors well. If they have issues then a company is wise to follow their advice or instruction but so far they have decided to guide the industry down he right path rather than kill it. Bitcoin will create tens of thousands of jobs in the US, if Ken and others don't do this business in the US then the Chinese will simply steal the share of the market. That's not good for the US economy or US investors.

Because they don't prosecute legitimate businesses unless they have deliberately flaunted legislation to scam, defraud, or avoid taxes.

The SEC have already shown their colours here. They have troddon softly with cease and desist letters instead of Police raids or InterPol/extradition requests. The Bitcoin economy now has official sanction in the US, no legitimate BTC mining business will be closed down if they follow SEC guidance after direct contact. Ken appears to be doing that.

What was their line of inquirery? And when was the call?





Yes Bargraphics - that's what I was saying. The Trolls are after the shares - we know who they are.

This is already very old. The SEC sent a desist letter to Bitfunder (months ago). He acted and they didn't prosecute Ukyo/Jon.

He would have been a huge scalp if that's what they were after - they are not, they are out to protect US investors.

So clearly they have no intention of prosecuting this industry unless instructions and guidance are ignored.

So nothing to worry about, if there was, ACtM would be shut down already.

Well you (and numerous others) have registered just to post on the ACtM thread, so I guess the answer to your question is - you want them. 

All you Trolls are wasting your time.

Ken is not going to list shares anywhere until AFTER we have the  major news release we all know is comming. You sad f-ed up little low-lifes have all reaped your just rewards for trying to sabotage this project and treating Ken like dirt - nothing.

If you hadn't acted like low-life scum on here for months and months I think Ken would have put more effort into getting the shares back online after Bitfunder folded. But instead, he has done most definitely the best thing which is to concentrate on BUILDING THE BUSINESS rather than getting the shares back up so that Trolls can get their grubby stinking little hands on them at a cheap price.

I'm p-ing myself at your 'mis-fortune'. You have created this situation yourselves, now see what your reward is for acting like complete scum? Nothing. Zero. Zilch.

You want shares? You gonna have to pay up. lolly lolzy lol.

 

Fantastic work Ken. Keep it up, we are behind you all the way.

A happy and prosperous New Year to you and yours.