Still want to make money from your investment? There are two courses of action. Either hold out for divs at the risk of losing the lot, or take the MSD route and hope for as high a dollar price on your shares as possible. Both choices come with risks, there are shareholders on both sides of the fence and it's only fair that they be allowed to discuss it free from ridicule.
Actually, only one side comes with risks. If you take the MSD route and you don't get a "high value" for your shares you can simply opt to not take the restitution and stick with Ken. If you take the MSD route and no restitution has to be paid you keep your shares and stick with Ken. If you take the MSD route and Ken comes on here and offers you a magical unicorn hasher and you want to stick with the company, then you can! Just because you contact the MSD doesn't stop Kens obligation to you for the shares you purchased unless you opt for the restitution. That's the beauty of this whole thing, by going with the MSD you still leave every other option open. Not sure why Zumzero is hiding this fact. Edit: Oh look a new page! _______________________________________________________________________ MSD Info:Shawn HagertyInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-526-3901 573-526-3124 (fax) shawn.hagerty@sos.mo.govScott JohnsonInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-751-4704 scott.johnson@sos.mo.govMissouri Securities Contact Information PageWood Law Info:
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation888-237-0999 1100 Main Street, Suite 1800, Kansas City, Missouri 64105 1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804 |
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...More nonsense...
I'm flattered that you believe my opinions and statements are so great that they actually stop others from voicing their opinion. It must be extremely hard to debate such statements without the use of ad hominem attacks as shown by yourself. Discussion has always been fine until you get involved. Please try to bring something to the table instead of begging me to stop posting so that ActM might live. Your idle threats are amusing though. I don't think BG is denying anyone anything. He's posting stuff up as are you guys. If he wants to point out how it's a scam so that nobody here is trying to sucker anyone into buying the stock who might not know better, I'm all for it. Keep posting BG.
Everyone else is welcome to have a nice discussion like they've been having. It's good if someone keeps that discussion grounded in reality. And advises would be share purchasers that there is a legal situation going on and they'd be best to hold their satoshi until it is settled and Ken comes out of hiding and posts something meaningful.
Thank you tempestb, I'm not worried about Zumzero he's just a mouthpiece. All bark and no bite. I won't let his antics get in the way of real discussion. yack yack yack.
every time I un-ignore you I realize my mistake… you've officially become more aggravating than crumbs ever was. get a grip, dude. You can't even quote him anymore because it's just so absurd the things he says/comes up with. I'm not going to lie, in some twisted way I get excited for Zum's next post. It's like watching an episode of kids say the darndest things http://youtu.be/hnehYRbFWeU?t=1m21s |
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I'm surprised your not interested in all the information Zum claims to have on me. I'm sure that would shut me up for good  In all seriousness Vince, you are aware of how much I wanted this company to succeed but at some point you really do have to stop beating a dead horse. My best judgement suggests you're a genuine guy Bar - although I invested in Ken so maybe my judgement leaves a bit to be desired ;-) I know how much you wanted ActM to succeed - you did, we all did - I'm not quite on the same "it's fucked" level as you, I still think there is a small amount of hope for something (although not something major) - I can't see ActM being worth more than $250k at any point in the future, but I also don't think it's worth nothing (or as good as nothing). I think that's a fair assessment. If you do believe it won't be worth more than $250k at any point in the future, if that was "profit" then each share would be worth 2.5 cents. (10,000,000 Shares). You are better off trying to get restitution from a financial standpoint I believe. Unless of course you see this figure after restitution has been paid and shares "removed", this would be too hard to get an accurate figure though as we have no clue how many shares would get traded in. |
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I dont think Bargraphics is trying to "help" anyone in the Robin Hood type of way (he may but that doesnt matter to me), but it helps his (and everyone else involved) situation(s) if more people are involved in the lawsuit/investigation. so while he and many others posting in the thread are "done" to a point, it is in their best interests to get as many involved so this situation is taken more seriously. otherwise Ken has a higher chance of little/no penalty and the community has another example of a "bitcoin hardware company" (used very loosely) that essentially screwed investors/customers over.
That's a good summary fin, more or less that's correct. In addition, I also put a lot of faith in Ken only for him to give us failure after failure. I do want to see him payback everything he can to shareholders, I do not want to see him profit on a failure while everyone else receives a close to complete loss, so if it takes 5-10 minutes out of my day to come in here and correct misinformation and provide a couple links then that's fine by me. |
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In all fairness Bar - at this point you're either in, or you're out. If you're out, what are you still doing in the thread? Nothing personal, but it seems you're "trying to help all the investors now that the company is doomed" - that was also crumbs' motive from very early on, although I believe your motive is genuine, why not be done with ActM altogether? Every post you copy-paste the same thing under the guise of being helpful - posting once in a while might be helpful - but dude this is basically trolling. If people haven't seen the MSD contact details by now they're not going to.
You pull me up if I misbehave and I appreciate that, just returning the favour.
edit: unless woodlaw are paying you for SEO link building - lol... in which case you should be well paid for your hard work :-)
I would be done with ActM altogether if people stopped asking me questions as well as posting lies and slander. Also I'd be inclined to agree with you that if people haven't seen the contact details yet their not going to but we still have people coming on this thread asking for information and "what's going on'. The SEO bit is funny but not true  If it makes you feel better I'll simply make sure the information is on every page of this thread at least once instead of multiple times. I'm surprised your not interested in all the information Zum claims to have on me. I'm sure that would shut me up for good In all seriousness Vince, you are aware of how much I wanted this company to succeed but at some point you really do have to stop beating a dead horse. |
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..More sidestepping as per usual...
Your not challenging me at all, actually you're making yourself look like a goofball. Anyone that has legitimate questions received an answer, even arousedrhino who I perceived as a little hostile had his questions answered satisfactory (Or at least I believe so). Your ad hominem attacks with no evidence are dead giveaways to your slight of hand at changing the current issue. It's getting real boring at this point. _______________________________________________________________________ MSD Info:Shawn HagertyInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-526-3901 573-526-3124 (fax) shawn.hagerty@sos.mo.govScott JohnsonInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-751-4704 scott.johnson@sos.mo.govMissouri Securities Contact Information PageWood Law Info:
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation888-237-0999 1100 Main Street, Suite 1800, Kansas City, Missouri 64105 1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804 |
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So have you asked peoples Asic if the 28nm has been stopped?
I've been told by someone that they have not received any plans to work on a 28nm chip. So if one is being made it's without the help of People's ASIC which would be odd, don't you agree? ...More Rambling....
Zum everyone is waiting for you to "oust" me. Let the whole board know my secret diabolical plan. Only a scammer would keep such information to himself.... I honestly can't wait to hear your story. More likely we'll hear another one of your ramblings that include the following phases
ulterior motive
not be trusted
time will reveal all
self righteousness
manipulative
deceitful
turncoat
muppet
condescending
_______________________________________________________________________ MSD Info:Shawn HagertyInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-526-3901 573-526-3124 (fax) shawn.hagerty@sos.mo.govScott JohnsonInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-751-4704 scott.johnson@sos.mo.govMissouri Securities Contact Information PageWood Law Info:
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation888-237-0999 1100 Main Street, Suite 1800, Kansas City, Missouri 64105 1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804 |
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Yet you had no clue that Peoples Asic were selling the IP to Ken?
Its not a case of keep on believing, its a case of i don't believe you.
I think you are a snide character with hidden motives.
Herp Derp, Did I not say that I gave People's ASIC Kens information? No, People's ASIC didn't tell me all of the other people they were talking to trying to help get their project funded. Once Ken announced that he was using them I asked them and they confirmed it. I was actually happy for them because they needed funding and at the time I figured Ken had at least $300k to get the mask finished and build out some products. You know what's funny come to think of it, It was about ~1 week from the time I suggested Ken to People's ASIC that Ken flew up there and then purchased the IP. I guess this shows you how desperate Ken was after sitting around for all those months. My excitement for him potentially having a chip must have blinded me from this! Jimmy and Zum are still in the denial phase. We cant help them until they see the light.
It's not even a denial phase, it's blatant stupidity at this point. I tried making contact with the law firms, it seems that they are not eager to respond.
It's likely Ken has somehow lawyered his way out of this one, I wonder how many Bitcoin he stole vs lost.
Theif.
I contacted Wood Law and in about 2 days they responded via email with Thank you for contacting our firm. If you have provided your documentation, thank you! If not, your documents and correspondence could be very helpful for the case. I am putting together the information regarding the specifics of everyone's orders and the related documents. If you would like to submit your information (emails, screen shots of the website, your dashboard or any other information you believe might be helpful), you can do email it to me, fax to (816) 337-4243 or send by snail mail to:
Wood Law Firm, LLC
1100 Main Street, Suite 1800
Kansas City, MO 64105
We will attempt to update our case/investigation page with any developments as soon as they happen, but feel free to e-mail me anytime with any questions. |
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Its funny how when I stated that ken could be using the pre order money to fund the development of the 28nm custom chip, Bargraphics shot it down.
But he then went onto explain that he was contemplating purchasing the Peoples Asic IP and creating a 28nm chip but didn't due to needing pre orders to fund it.
Bargraphics likes to come on and act like he knows everything, stating opinions if they are facts.
The only fact is he knows about as much as the rest of us.
Jesus christ, you do not read very clearly so I'll spell it out for you. This 55nm was being purchased around January 20th by Ken. I was working with People's ASIC since early December on potentially being an investor in it (even before that I was getting updates). Ken then canned the 55nm and did not fund a 28nm. How hard is this to understand? "But Bargraphics HOW DO YOU KNOW THIS!?!" The only people capable of bringing this to life were not hired to make the 28nm, instead they were hired to help source parts for these hashfast boards (which is where all the money went). If Ken showed correct financials you would be able to see this statement is 100% correct. Keep on believing though! |
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Everyone is guessing that the company is fucked... guessing.
Based on all of the evidence we have been provided + past experience. At the same time there is clearly enough capital to pay a lawyer.
Ken could have paid a lawyer with shares of his company, he purchased the 55nm ASIC with them. Although this is not the point, we KNOW Ken has money now. No one has argued this. We're saying is once the MSD orders restitution to be paid there will not be any money left as the only reason he has survived this long is BTC to USD Price increase. Secondly that lawyer has repeatedly stated that the company doesn't require additional investment. That's not Ken making the statement, it's a lawyer who has to follow certain rules.
Vince... what kind of lawyer would suggest that Ken is looking for additional investment in response to a letter of Ken being found guilty of securities fraud. This one seems self explanatory. So the lawyers statements say the company can continue to trade despite the situation.
I might have missed this, can you show me where they specifically say this? So there is still £100k in hardware assets... we don't know about other assets... In theory 100k should be the lowest valuation for ActM... Unless we don't trust lawyers....
Valuation doesn't just take assets and call it a day. You have to look at the potential of the company and it's debts. Based on everything we know 100k is the highest valuation for ActM as he still hasn't processed many refunds, has a potential class action lawsuit, has potential fines from the MSD, and maybe has to "buy-back" a large portion of his shares (restitution). but back to the original point - we are all guessing that the company is doomed... nobody knows for sure...
Hopefully your not defining "doomed" as in this company disappearing. My "doomed" means that if by some miracle Ken has another to keep this company from actually going bankrupt, you will sit around collecting dust dividends (if any at all) while Ken continues to draw a salary and his family continues to do so as well. By all means this company can survive but it won't be to "shareholder" benefits. _______________________________________________________________________ MSD Info:Shawn HagertyInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-526-3901 573-526-3124 (fax) shawn.hagerty@sos.mo.govScott JohnsonInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-751-4704 scott.johnson@sos.mo.govMissouri Securities Contact Information PageWood Law Info:
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation888-237-0999 1100 Main Street, Suite 1800, Kansas City, Missouri 64105 1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804 |
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 I have been lurking since June and decided to join today mostly because of the BS I see on this board. I have a bunch of shares as well and truly believe in Ken. We had a few PMs back and forth during the exchange fiascos, and considering all the chaos it was for me, I can imagine how hard it is to organize all these shareholders and shares. There are so many moving parts in our situation that the end of Nov info release issue is a major...minor detail....amongst many more pressing issues. While I'm a natural sceptic at heart....which I think most of us that invest in cryptos are....I truly believe that Ken has his own and our best intrests at heart. If anyone knows of Karl Denninger, Ken has that type of background and persona, and its a good thing in the end. As the world shifts into this new paradigm, people like Ken already recognize that they have the potential to be on the top of the new hedgemonic scales. Why would anyone sell out/scam after this much effort, and give up so much more potential power. I find it funny as theprice of BTC goes up in value in Fiat more people get nervous, yet isn't it Fiat that we are all escaping? In the end if all you have is 1BTC free and not invested in anything, we all know that one BTC will give us all the individual power we will need in buying power. Although I don't like the fact that Ken maybe quiet about the current situation, just remeber why we all probably picked this venture to invest in in the begining, since it was one of the best looking investments along with deprived's funds and crypto-trade.....they looked the best and most viable. The most prudent fundmanagers/owners are taking the same position as Ken. Deprived is also holding my shares and not paying dividneds, because once you start treating shares of the same entity differently the shares automatically become non fungible.....Don't forget boys this is still very much the Wild wild west of investing. Go with that mindset and everything will be fine.......its friday. Bring on the women!!!!!
It's hard to let go  |
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He apparently at the time convinced Bar in person that he was going to actually make this company successful
He convinced me that there was still hope for this company by "purchasing" a 55nm design that was at tape-out already. Everything to do with the 55nm I knew about prior to meeting with Ken as I had a meeting in California with People's ASIC a couple weeks prior and was contemplating purchasing the IP myself (or at least part of it with a group of other people) Since we didn't have enough money without taking pre-orders to get a 28nm rolling out I opted out and then recommended to People's ASIC that Ken might be willing to partner with them. They then reached out to Ken and by the time I met with Ken there was already a deal in the works (If you remember that's why Ken traveled to California right before my visit) but now according to Bar its been a scam all along.
Well now, let's look at the facts as they became available. Ken led us along saying we would have an eASIC, halted the chip, and then proceeded to make it seem like he was still making this chip *My Visit HappensKen said he had been sitting around for a couple months trying to figure out the best way to proceed with the company after canceling the chip. Ken then purchased a working 55nm design that was at tape out (4-6 weeks for mask set to be made) and opted to not produce a working 55nm chip Ken then proceeded to say he was working on a 28nm during this time period but from my knowledge nothing ever materialized from this, which means it literally wasn't even started. So my only conclusion is that either Ken is extremely incompetent or it's a long con. Either way it's a scam because Ken led us to believe he was competent enough to produce a chip. Bar can you share any insight into why exactly at the time of your visit it was not a scam and now we know its a scam other than the MSD ruling, that has quite frankly been a long time coming?
Read the above, "that has quite frankly been a long time coming?" - This is the most inaccurate statement going around. The investigation was happening but the ruling was not set in stone. Ken also led us to believe everything was fine and he was doing the necessary work to defend himself against the MSD. Obviously this is not true since the MSD came out and said he's likely going to get multiple fines and have to pay restitution for his deceitful operation. Innocent before proven guilty in the USA and a judge agrees that he was guilty of deceitful practices. That changes things quite dramatically. Am i the only one that things a valuation of $18k for a company with $100k in physical assets is insanity... regardless of problems...
Why anyone would buy into a company that has "$100k in physical assets" but >$1M in potential debt is insanity... regardless of "business as usual" I have stated this before and nobody clicked on. It's my belief that Ken has used the pre order customers money to fund the 28nm full custom.
Because your head is in the clouds and not down on earth. Ken was essentially doing fire sales of his boards to be able to purchase more parts for board production & chips from HashFast. Your logic doesn't add up. If he had money then he wouldn't have put a lot of effort/time/money into producing the HashFast clones. Don't let me stop you from dreaming big though! ...incoherent rage.... ....empty threats of IRS....
Even the IRS needs a good laugh every once in a while I guess. Having this nutter call them will probably be an office joke for years to come. _______________________________________________________________________ MSD Info:Shawn HagertyInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-526-3901 573-526-3124 (fax) shawn.hagerty@sos.mo.govScott JohnsonInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-751-4704 scott.johnson@sos.mo.govMissouri Securities Contact Information PageWood Law Info:
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation888-237-0999 1100 Main Street, Suite 1800, Kansas City, Missouri 64105 1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804 |
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Guys like me will go down with the ship
I think we can all take comfort in this. For everyone else - _______________________________________________________________________ MSD Info:Shawn HagertyInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-526-3901 573-526-3124 (fax) shawn.hagerty@sos.mo.govScott JohnsonInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-751-4704 scott.johnson@sos.mo.govMissouri Securities Contact Information PageWood Law Info:
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation888-237-0999 1100 Main Street, Suite 1800, Kansas City, Missouri 64105 1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804 |
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I just want the company to either succeed or fail on it's own merits.
It already has failed on its own merits....Bingo! Yet somehow Zumzero will tell us Ken has grand plans based on absolutely nothing. I actually feel bad for zum, he must have put in more than he could afford to lose to be unable to accept this loss. Actions speak louder than words they says so as much as he may deny it we have someone that Ken has really hurt mentally and economically. |
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Typical scammer/fraudster attitude At this point the damage is done Zumzero, you can stop fighting (but you won't). Everyone that was going to contact the MSD has already done so. You've failed to convince people that this isn't a scam. Trying to make others scared of the big bad IRS is pretty funny though. I can only imagine the people that this worked on, good luck to them regardless of this issue hah. Keep up the hard work Zum, you are doing great! I'll continue to leave this for the 1 or 2 people that might not have any clue what's going on yet. _______________________________________________________________________ MSD Info:Shawn HagertyInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-526-3901 573-526-3124 (fax) shawn.hagerty@sos.mo.govScott JohnsonInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-751-4704 scott.johnson@sos.mo.govMissouri Securities Contact Information PageWood Law Info:
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation888-237-0999 1100 Main Street, Suite 1800, Kansas City, Missouri 64105 1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804 |
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Ken and his legal team have been communicating with the MSD for months and remain fully compliant.
Secretary of State Jason Kander today halted Springfield resident Kenneth Slaughter’s Bitcoin-based investment scheme that used deceptive tactics to convince online investors to pay for the development of Bitcoin "mining" equipment. Mining is the process of solving complex math problems to gain additional Bitcoins, an unregulated digital currency. When are you going to accept that truth?
The recent news release from the MSD was expected and came as no surprise. Ken continues with the core business and remains compliant with the MSD however is prevented from communicating with the shareholders under advisement from his legal team. Ken remains positive about the companies prospects.
You think this and you think that and you think the MSD will see this that way and you think the MSD will see that this way. How do you know? You don't. You are expressing opinion and stating it as fact
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This is sorta irrelevant now, but anyone notice a pattern here? (hint: vertical gray lines=5pm in Nevada, where Ken's mine is if I remember correctly)
Somewhere near Reno if I remember correctly or at least that's where miners were getting shipped from and where his "operational manager" was located. ...the usual nonsensical hoopla....
Who has to even try to undermine ActiveMining with Ken at the wheel? Go back to your hole gremlin. |
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So long as no-one mentions 'zumzero' and has a go, I promise not to post again.
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Its amazing to me that there was a full page of wrong conclusions and accusations being drawn (Ken stealing coins). It took me 2 minutes to come to the realization that these are most likely hardware purchases.
Are you serious? ..... Most likely not hardware. As BG pointed out a few pages back there was a tx that corresponded with more boards. Since the recent tx went to that same address it's only logical to conclude we are purchasing more boards Actually I really do believe he's issuing refunds. Can anyone go look back at the website and see the prices for fast hash one rigs + tax + shipping and then go on blockchain and hover over the payments it should tell you about what the payment was worth in USD at the time of transfer. If it adds up then it's probably refunds. Either way I don't care what it's for because the MSD will tear him a new one if he's doing anything with funds during an investigation that's outside the scope of their order. |
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so it moved to an actm account, but no explanation for where payments of 58 and 6.8 BTC went from there and why.
Looks like a payment for more equpiment, 1JKi and 1KS have been sent payment multiple times in conjuction with new mining gear. This is a smart move, big sigh of relief when i realized this Can't tell if you're being sarcastic. Explain?  |
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