have transfers to crypto-trade ended? i completed a form on VMC's site a while ago but still havent recieved my shares. sent an email to support@virtualminingcorp.com also Virtual Mining has nothing to do with the shares. VirtualMining is that news source on Cryptostocks right? Ken you should be a little more explicit as this statement will confuse many. Virtual Mining is a manufacture of Bitcoin Mining Machines, Active Mining Corporation (Belize) is the company that has issued AMC on Crypto-Trade. Ahh ok I was referring to this company. https://cryptostocks.com/securities/62 That also has the domain www.virtualmining.com |
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have transfers to crypto-trade ended? i completed a form on VMC's site a while ago but still havent recieved my shares. sent an email to support@virtualminingcorp.com also Virtual Mining has nothing to do with the shares. VirtualMining is that news source on Cryptostocks right? Ken you should be a little more explicit as this statement will confuse many. |
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Frankly, it's nothing short of amazing how much free time crumbs et al. have to post on this thread, granted every incarnation gets insta-ignored so I don't know what they're saying, but the sheer volume and frequency of the comments is nothing to scoff at. I hope they're either getting paid or getting off to this thread because otherwise I kinda feel bad for the poor little fellas...
On a more relevant note, any guesses on the substance of today's update?
He actually makes some decent points when he decides not to troll everyone. |
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Didn't we have millions of dollars in preorders? And Bargraphics assured us that AMC would have no problem refunding every last one if it came to that? Why is Ken suddenly desperate for this hundred measly coins? Booze money?
There have been no issues so far with refunding people. Right. Out of those supposed millions of dollars in preorders, only one person has ever made any noise on bitcointalk that I've seen. So have we refunded most of them and are now out of cash? Or were there ever actually millions of dollars in preorders? That one guy sure made it sound like getting a refund from AMC was like pulling teeth. Not sure who you are referring to. I personally haven't seen many people complain about refund issues. Most people paid for pre-orders back when BTC was worth $100-$400 (from the P&L sheet Ken gave out back in November). Ken then stated that he kept a lot of ActM Money in BTC and expressed bullish opinions when doing so. So some of the money that was gained from pre-orders might have appreciated in value as the price of BTC went up. In January Ken finally painted a much clearer picture, it was then stated by Bargraphics? And I think Ken that paying refunds was not going to be a problem and the company was financially afloat for the foreseeable future. The 55nm chip has already been paid for and taped out. (Idk about the 28nm chip) so right now Active Mining only needs money to pay workers (Do we have any workers except the engineers & family?), set up a mining farm facility and pay to order chips (this is where the 106BTC comes in to allow us to get more chips). Now I could wrong here and there are a few assumptions taken from views and opinions expressed by Ken himself. |
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Didn't we have millions of dollars in preorders? And Bargraphics assured us that AMC would have no problem refunding every last one if it came to that? Why is Ken suddenly desperate for this hundred measly coins? Booze money?
I think this scam has entered the end game and y'all should be archiving all these threads, because Bargraphics's posts have a habit of not sticking around.
When the time comes to pass the hat around for lawyer's fees, just don't let Bargraphics or minerpart collect the donations!
Oh and someone should keep an eye on eBay for those Avalons, Ken's probably about done with them.
There have been no issues so far with refunding people. There is a misconception going around with these hundred measly coins. Every extra dollar Active Mining gets allows us to buy more wafers in May when the limit on the number we can order is removed. Who knows what 106BTC will be worth in May and how many chips that can get us. |
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@Milky way you are asking the wrong person unfortunately. I don't know much about Asic manufacturing so I can't really give out any type of number/percentage/estimate without it being a huge assumption based on little information. There are more intelligent people than I on this thread to answer that.
I just know that 40 Million in revenue is not the same as 40 Million in profit.
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~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.
The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods. Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc. 3600 BTC are mined every day, 108,000 BTC every month. If ACTM can control.. 1% of the hashrate, 1080 BTC per month, 50/50 Investment/Dividends = 47 months for 0.0025 BTC per share in dividends 2% = 23.5 months 4% = 11.75 months This is only considering dividends being received from the mining farm and none from actual sales of hardware which Ken projects to be $40 million this year. 25,000 BTC (right now) is $20 million bucks. $40 Million in sales does not mean $40 Million in profits. |
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~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.
The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods. Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc. |
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The only way Ken doesn't have to pay priority Divs on those shares is if he destroys them.
And legally he cannot destroy Ukyo's seized assets. He can only sell them to recover his losses and then return the remainder back to Ukyo. These shares remain the property of Ukyo until they are sold to a third party. Yes I know I said this above. Man this is the biggest Ouroboros of a conversation I've ever seen. Ok guys lets just forget about Ukyo's shares for now. We need to worry about our 9.8M shares that are nonexistant at the moment. |
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Before Ken sold Ukyo's shares they were Ukyo's. So.. Ukyo has .0025BTC priority in Divs on those shares before Ken's 15 Million kick in. After Ken sold those shares whoever bought them now has the .0025BTC priority in Divs on those shares before Ken's 15 Million kick in.
Ken/ActM isn't losing money by selling Ukyo's shares for .0005. If anything he is gaining .0005BTC per share sold. He doesn't owe more. The only way Ken doesn't have to pay priority Divs on those shares is if he destroys them.
EDIT: Anyways forget about Ukyo's shares for just a minute. We have 9.8M other shares to worry about. Ken where are they at?
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@mainline
Ken owes .0025BTC on those shares whether he sells them or gives them back to Ukyo, hes not taking out any loan because he already owes money on those shares.
The only way he can not owe .0025BTC on those 230k shares is if he destroys them. Which someone said he can't do?
Anyways heres too a definitive update about our shares tomorrow.
HE DOES NOT OWE ON SHARES - it is not a loan. The 10mil shares GET PREFERENCE of dividends, not guaranteed dividends. The market price of shares is the market price of shares with the dividend priority taken into consideration. Sorry dude, but you're an idiot. I apologize, I guess using the word owe was wrong. Every share that is sold at .005 from Ukyo's stack goes to Active Mining. This doesn't cause Ken to have to account for an extra .0025 BTC per share sold before his shares collect money as they were already accounted for when they were Ukyo's shares. I didn't mean to make you upset. |
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@mainline
Ken owes .0025BTC on those shares whether he sells them or gives them back to Ukyo, hes not taking out any loan because he already owes money on those shares.
The only way he can not owe .0025BTC on those 230k shares is if he destroys them. Which someone said he can't do?
Anyways heres too a definitive update about our shares tomorrow.
Ken should have held the shares, and simply refused to pay Jon the dividends. Simple.
What am i missing?From this statement alone? Nothing. I actually suggested this. Even Jon (Ukyo) agreed that it was a good idea. |
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@mainline
Ken owes .0025BTC on those shares whether he sells them or gives them back to Ukyo, hes not taking out any loan because he already owes money on those shares.
The only way he can not owe .0025BTC on those 230k shares is if he destroys them. Which someone said he can't do?
Anyways heres too a definitive update about our shares tomorrow.
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sorry but lol to us paying damages to Ukyo. He won't go near a court, they would lock him up. Zero chance of him going to court over this.
The issue won't with be Ukyo directly. It will be with the people who Ukyo owns money to. Ken has completely killed the value of his 200k shares and is claiming his money first. Technically whatever these shares sell for should be split between all the people who are owed money by Ukyo evenly based on a percentage. So if Ukyo owes 1000BTC and these sell for 100BTC, everyone gets 10% of what they are owed. Instead, Ken gets 100% what he is owed and everyone else gets 0%. He is basically stealing money out of everyone who lost money in the Bitfunder/Weexchange closure. No need to debate this. This is the truth. Image this. We had access to our shares in December; Ukyo would have then been able to sell his shares (maybe even for more than what they are being sold for now) and that money would have went straight to refunding everyone percentage wise. Unfortunately for the people on this website and Ukyo. You are right, there is a slim chance Active Mining will be brought to court (atleast in the near future). But this is what happens when there is no regulation. Anyways I don't think we should worry about Ukyo's shares and should show more concern for our own. It is unreasonable that Ukyo's shares get listed before ours. It may seem this way to you, but legally speaking you are wrong. I can't take bob to court because bobs mate fred owes us both money and bob sold freds car. I didn't say the Bitfunder users will take Ken to court, I said the Bitfunder users will have an issue with what Ken is doing. If anything, The Bitfunder users will take Ukyo to court and Ukyo will bring up the information about Ken's seizure and dump of his 230k active mining shares to recoup his loses; when the loses should have been dispersed equally. Of course the Bitfunder users aren't going to take Ken to court directly but it could end up with Ken wasting time and money in a court of law due to the Bitfunder users taking Ukyo to court. |
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sorry but lol to us paying damages to Ukyo. He won't go near a court, they would lock him up. Zero chance of him going to court over this.
The issue won't with be Ukyo directly. It will be with the people who Ukyo owns money to. Ken has completely killed the value of his 200k shares and is claiming his money first. Technically whatever these shares sell for should be split between all the people who are owed money by Ukyo evenly based on a percentage. So if Ukyo owes 1000BTC and these sell for 100BTC, everyone gets 10% of what they are owed. Instead, Ken gets 100% what he is owed and everyone else gets 0%. He is basically stealing money out of everyone who lost money in the Bitfunder/Weexchange closure. No need to debate this. This is the truth. Image this. We had access to our shares in December; Ukyo would have then been able to sell his shares (maybe even for more than what they are being sold for now) and that money would have went straight to refunding everyone percentage wise. Unfortunately for the people on this website and Ukyo. You are right, there is a slim chance Active Mining will be brought to court (atleast in the near future). But this is what happens when there is no regulation. Anyways I don't think we should worry about Ukyo's shares and should show more concern for our own. It is unreasonable that Ukyo's shares get listed before ours. |
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@Canth, yeah you don't need to do anything yet. Ken said 10 days ago he was going to begin the process 4 days ago. We need some kind of update about when it will begin.
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How should i prove when i transferred the shares to amc-tender when i cant login to bitfunder anymore? There arent emails sent out too it seems.
You sign a message with your bitcoin address. Uh. No that's for people who didn't send their shares to AMC-TENDER. You should have taken a screenshot of your transaction log to show how many shares you have, your username and what date/time you sent your shares to Ken. |
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@Ken can we get an update on share liquidation situation?
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Seriously? If true does that mean that users that dont have 2fA activated can get their accounts wiped out from shares and bitcoins? Or was this a joke?
Actually I think this has happened previously. ' Who doesn't use 2FA? That is just nonsense though. Like if you have the money to invest in half of these companies. Go buy a cheap used Android/iPhone and use it for 2FA. You don't even need a contract, just wifi. No reception and it still works. |
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These are a complete steal. We might actually see an end to the trolling now because you can bet crumbs is filling his boots.
...Are you serious with this? Because it's making me question your sincerity. Don't kid yourselves: As soon as ANYONE else can trade you'll see much better "steals" than this. If you're trying to protect the value of your shares, you should be convincing Ken to not throw money away. Idk man them shares are going fast. Ken's probably gonna keep us all in limbo until these shares are sold. |
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