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Ken had two separate IPOs, one @.0005 and one @.0025. The people who bought his second IPO are getting 20 cents on the dollar. Either MSD is not aware of this, or Ken is lying again  I'd imagine both ipo s would be the same as the first ipo had a much lower BTC/USD price. Remember you guys need to look at this from the establishment's view. Business views arn't the state's. The state just needs to be legaly sufficient!! Then the first IPO should be less than 0.05cents/share and the second IPO should be more than 25cents/share correct? Though again, this is largely academic speculation at this point until it is confirmed by either Ken or the MSD |
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0.05 usd per share is pathetic, if btc is at 1k by then that is a bad deal?
Then don't get a refund. I'm just saying, is that ok? It's fair by the laws of Missouri. While Ken did have a lot of control over ActM, he both evidently and expectedly did not have the same control over said laws. |
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Since you issued shares at both .0025 and .0005 BTC, with BTC/Dollar prices fluctuating, could you give the actual amount, in dollars, you are planning to pay per share? As in "I will be paying $3.50 (tree fiddy) per share."
Thanks.
You will be getting ~$.05 X number of shares purchased plus 8% interest from the time of your purchase on the original IPO.
EDIT: which admittedly also answers my own question, but there are certain nuances that it would be nice to clear |
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Interesting, but if one bought at 0.0025 from ActM on btc-t? Further, can one who bought share from ActM and subsequently sold their shares reclaim the "reimbursement" for the shares that were already sold? Finally, if one had bought X shares from ActM at whichever IPO but then sold them all and subsequently rebought some, what would they be entitled too?
Personally, to me this whole process would be too much of a pain in the ass and I'll be seeing this venture to whichever conclusion it may come too, but I'm sure there are at least a few people interested in the above information.
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What are the other [relevant] repercussions aside from the up to $100,000 fine? The further issuing of shares is obviously irrelevant since the currently issued shares are non-dilutable.
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Dear Ken; here's an example of what we'd like to see regarding ACTM: +1 with one caveat, please have less negative values in places we'd like to see positive ones.  That thread is a bit of a trainwreck right now. AM has made me a good amount of btc (which I was brilliant [/s for those that need it spelled out for them] enough to dump entirely into ActM) and was one of the better managed companies in the btc space, so watching them in their current state is... for lack of better term, interesting. |
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It would be awesome if ken did have some magic up his sleeve but time and time again he had proven that he simply is not an A-list player. He doesn't posses that special something that makes for a successful business, hell he can't even communicate properly with people who've entrusted him with a lot of money.
There really isn't anything he can do to turn this around, all milestones for that have long since passed.
You may all be better off to not get your hopes up too high anymore, that way it won't hurt so bad when this lipsticked pig wipes off the makeup.
Interesting enough to me is one of my posts has not been deleted and censored. Looking back, it appears the censor Nazi's aren't deleting other realistic posts that are in a negative light. Has zum and Vince begun to distance themselves a little from the cork they continuously placed atop the ActiveScam wine bottle? Surely this post will be censored? It's really not complicated. There are known trolls that get deleted. Allowing for trolls to pump noise into the mix would be stupid, so it isn't allowed. They get removed and any post quoting them gets deleted. It isn't about negative posts, it's about nonsense posting. I'd go so far as to say that some trolls have raised good points, but they lost their right to post to this thread by proving to be way too much noise and not enough substance. I can agree with this 100%. Posting gif's and jpg's trying to be cute, though somewhat amusing, is not adding anything to the discussion. Quote bible versus, making false assumptions, distracting conversation, all are not adding to the discussion. I guess my shock was my first censor, when I posted something critical of Ken and the lack of transparency and I was deleted. At that point I pretty much realized what we are dealing with here. There have been a lot of posts censored that were not trolling, and I am not talking about my post(s). People who were shareholders were speaking their mind and adding to the discussion their critical views of Mr Slaughter and his complete mismanagement of ActM, yet they were censored. At which point, I just stopped caring whether there was a censor or not, so did others, and collectively many have realized the sad sad joke this company has become and the investors within it that back it up to no end. I have a question for you, you can go see my posts on bitcointa.lk, 98% of them, I felt, were not trolling except for those that attacked the SS Gestapo around here. The question is, do you feel myself and those like me were actually trolling or were they trying to bring to light the glaring issues with Mr Slaughter? I'm not talking about the gif and jpg posters, or those who just ran their mouths. There was constructive criticism and questions being brought about and yet they were censored. I don't remember many of your posts, but from what I've seen, except for the most zealous of mods, the others generally accept posts critical of the situation as long as they are phrased civilly. For example, posts saying that Ken mismanaged the company are acceptable, but posts calling Ken expletives or other insults are not. Even if there is some good points being made against this company, I have seen them deleted because there was a sentence or two at the end that were just insults. A little restraint goes a long way. And if you simply must be rude, make two separate posts, one outlining your points civilly and one (that will be deleted) with your insults of choice. |
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Can someone please explain where the sale would come from? Hashfast have no money to buy the boards and the Hashfast customers are not going to want to pay again for what should already have been delivered?
Unless were talking about Hashfast customers who just ordered chips..?
IIRC before the whole bankruptcy thing HF tried to dig themselves out of their hole by offering chips instead of complete boards with the hashrate of the chips being >> than the hashrate of the built devices that they no longer planned on shipping. Chips themselves are, obviously, useless and need to be mounted. That's where PepperMining and VMC come into play; they will make the boards and charge the chip-holders for mounting their chips on the respective company's boards. |
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So Ken,
What you are saying is that basically we have all thwe hashfast customers?!?!?!
Almost certainly not, VMC will be splitting the HashLast customers with PepperMining which have a similar product but better reputation. Peppermining has more than a better reputation, they actually provide support and working contact information to their customers. Redundant since the latter is why they have the former. PepperMining is a good company and Mr. Teal a great engineer, but to the best of my knowledge (which is limited to the information from their thread) I do not think that they have the capacity to service the many, many dissatisfied HashLast customers in a timely manner (through no fault of their own) and VMC is simply an alternate route to get one hashing faster for a similar or cheaper financial cost (at the cost of greater risk based on what has been seen in the thread that you mentioned). Also add into the mix that they may not be interested in providing HashFast with boards. I am afraid I do not understand why they would potentially not be interested? Is there some financial incentive or is it merely for publicity's sake to not be seen as helping HashLast? This is actually a very important thing. When people Google HashFast, after HF has a horrible reputation and people see it is tied with say.. PepperMining, it can hurt PepperMining's reputation if people don't actually take the time to find the ties between the two companies. Technically I don't think this should matter because miners usually spread around what companies are scamming and what companies are not. I suppose I should not have added the qualifier "merely," yes, good publicity is important, and since at this point in time, that ship appears to have sailed for VMC, I guess it would make sense to attempt to corner the market in working with undesirable companies though that does seem to limit future prospects... |
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So Ken,
What you are saying is that basically we have all thwe hashfast customers?!?!?!
Almost certainly not, VMC will be splitting the HashLast customers with PepperMining which have a similar product but better reputation. Peppermining has more than a better reputation, they actually provide support and working contact information to their customers. Redundant since the latter is why they have the former. PepperMining is a good company and Mr. Teal a great engineer, but to the best of my knowledge (which is limited to the information from their thread) I do not think that they have the capacity to service the many, many dissatisfied HashLast customers in a timely manner (through no fault of their own) and VMC is simply an alternate route to get one hashing faster for a similar or cheaper financial cost (at the cost of greater risk based on what has been seen in the thread that you mentioned). Also add into the mix that they may not be interested in providing HashFast with boards. I am afraid I do not understand why they would potentially not be interested? Is there some financial incentive or is it merely for publicity's sake to not be seen as helping HashLast? |
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So Ken,
What you are saying is that basically we have all thwe hashfast customers?!?!?!
Almost certainly not, VMC will be splitting the HashLast customers with PepperMining which have a similar product but better reputation. Peppermining has more than a better reputation, they actually provide support and working contact information to their customers. Redundant since the latter is why they have the former. PepperMining is a good company and Mr. Teal a great engineer, but to the best of my knowledge (which is limited to the information from their thread) I do not think that they have the capacity to service the many, many dissatisfied HashLast customers in a timely manner (through no fault of their own) and VMC is simply an alternate route to get one hashing faster for a similar or cheaper financial cost (at the cost of greater risk based on what has been seen in the thread that you mentioned). |
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So Ken,
What you are saying is that basically we have all thwe hashfast customers?!?!?!
Almost certainly not, VMC will be splitting the HashLast customers with PepperMining which have a similar product but better reputation. |
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Will dividends be disbursed following this final transfer?
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The lack of updates is certainly disconcerting, but I'm hoping to hear something from Ken about those 1000 chips that Hashfast allegedly mailed out yesterday (the assumption, which is obviously an assumption but I suppose in the current environment it behooves me to explicitly state so, is that VMC, ActM, or whichever affiliated entity has purchased some or all of those chips).
Also, If Bargraphics's offer still stands, I don't see why we shouldn't throw the nearly 1 PH/s of hardware that ActM has into action.
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First of all, I don't want to do business with bitpay because they are in bed with BFL. Second, there are a lot of other things going on in the background that need to be taken care of, i.e datacenter, cash flow, lawyers, MSD, customer service, just to name a few.
please send me a bitcoin pmt address for the 2 units I have placed an order for. payment address was given via PM and payment has been made. I will update as to the status of my shipment and report once i receive and hook up the miners. miners show as shipped. expected delivery via fedex on Thursday. a little slow for the $100 shipping charge I paid. they are shipping from Reno, NV. will update once i receive and hook these up. shows out for delivery. i wont post any pictures but i will post my feedback. products delivered. no instructions, but i'll see what i can figure/find out. will post more later So 5 days (3 business + 2 weekend) from order to in hand? Not bad! Good luck getting it set up and hashing. It would definitely be nice to hear more reports of working boards (not DoA) in the wild! |
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I think I'll just hold onto my shares and just enjoy the ride at this point.
That's my plan as well! Had my shares transferred over in minutes. Also, $1.33/gh/s? Wunderbar! |
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Strap in... It's going to be awhile.
Does this mean no dividends for at least 4 more years? email scott.johnson@sos.mo.gov and let him know your concerns on this issue! I am starting to think it is a good idea to contact the gov and let them know that they are holding us up from getting the shares that we have paid for. thats what i just did. Try your best to be professional if you do this Heres a shortened version of my email- "I am a holder of shares in ActiveMining's Bitcoin farm/profit share. I am a Canadian citizen. I am contacting you because I am concerned for my investment. Although I'm happy with the way the company is running now (products finally shipping and the mining farm being built) the investigation by the MSD is the only thing troubling me. Now that things are finally looking up for this company all I want to do is trade my shares. It's very frustrating being a Canadian citizen and seeing a registered exchange in my country (Havelock) with similar securites trading while our shares are frozen due to an american investigation. In my frustration I would like to point out that the bitcoin world is very fast moving, and it seems as if ACTM/VMC's success is moving faster than the legal system can keep up with. At the time an investigation was filed with your organization many shareholders (including myself) were skeptical of Ken's actions. This is not the case anymore (for most) as Ken is living up to his promises. Ken has stated that we can't verify our shares due to this ongoing investigation, I have heard these things can take years. I'm not sure what I would if our shares were locked up any longer (contacting a lawyer comes to mind but I figured I would contact you directly as this investigation seems to be the cause for my concern). I am very excited for the future of this company but the ongoing investigation of Activemining is leaving a dark cloud on this whole thing" Just for the record, Havelock is registered in Panama, not Canada |
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Strap in... It's going to be awhile.
Does this mean no dividends for at least 4 more years? email scott.johnson@sos.mo.gov and let him know your concerns on this issue! I am starting to think it is a good idea to contact the gov and let them know that they are holding us up from getting the shares that we have paid for. Look I understand if the shares must be frozen for the next several years rendering no chance of selling them. However, the dividend must be paid. Ken, the investigation could last 4 years, this means no trading for 4 years. However you must pay the dividend. Think about it; if you essentially pay nothing back to us for the next 4 years, do you really think we are just going to sit around and let you keep the dividends? Ken, you can't not pay your investors a cent for the next 4 years. You do understand that dividends only come after profit right? There's no profit currently at all, just cashflow that's recovering current expenses (Which is a start and a good thing as there was none of this previously) Since we have no financial documents we'd have no idea on just how much debt needs to be paid til we are "profiting". Currently you can be almost 100% sure that he is taking the BTC mined and using it to buy more chips/boards to build a bigger mine.Will this approach work? Maybe or maybe not but one thing is for certain, we do not have a choice in the matter and won't be receiving dividends until Ken feels the mine/card sales 25% "reinvestment" is enough to cover future purchases/expenses. This would be a reasonable guess, but the mining income has not left the dividend address. Perhaps/Probably the sales revenue could be going where you suggest |
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Since the magzy situation is mostly resolved (and will hopefully be completely resolved soon/when the latest check comes in hopefully signed), I think we should ease up on the guy. He was freaking out for good reason, and though he may have taken it a bit far, losing money makes one thinking less straight, I think at this juncture we should forget the "troll campaign" and be glad at the situation's resolution.
I don't think it will be the 'end of it', the end of magzy yes but he is still quoting large numbers of people waiting for their cards that they paid for weeks ago. OR cards that are dead on arrival. How true that all is I don't know but the fact is right now the biggest damage is being done to this company by Ken and his amateur attitude. The website is a complete joke and embarrasment. There are products up and for sale that will never be made which is actually illegal. The delivery wait on our orders is laughable when they are supposed to be ready for immediate dispatch. Our reputation is in tatters, thanks exclusively to the CEO. That is unfortunately a fact. Would YOU buy a mining card from ACTM? I wouldn't and I'm a shareholder. I am largely in agreement, although with more tempered tongue. The website is absolutely an issue, the products that are not in hand should categorically NOT be listed. The fact that cards are arriving late or DoA is absolutely unacceptable and seems to suggest there is little quality control/burn-in (though this may be due to the time necessary to mount and remove a water cooler, it is not an adequate excuse and a low-cost dedicated employee(s) could be utilized specifically for this function). You were one of ActM's biggest supporters until several of your posts were deleted and now you are trashing everyone involved, but especially the CEO. You are frustrated, that is understandable and I, and hopefully others, do not fault you for that, but acting in such a fashion at best accomplishes nothing and at worst contributes to the reputation issues to which you allude. As to your last point, it's funny you mention that, I'm actually considering getting one of the gold rush cards since at 750gh/s at 1w/gh/s and ~$1500 (including water cooler and psu which can be resold later) it seems like the card will actually roi. Granted I'd first like to hear some success stories about the gold rush cards, but $1500 isn't a life changing amount of money for me to potentially lose. |
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Since the magzy situation is mostly resolved (and will hopefully be completely resolved soon/when the latest check comes in hopefully signed), I think we should ease up on the guy. He was freaking out for good reason, and though he may have taken it a bit far, losing money makes one thinking less straight, I think at this juncture we should forget the "troll campaign" and be glad at the situation's resolution.
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