This is so manipulated its unreal.  Price can be made to crash again at any moment. 

Seriously guys STAY AWAY.  Haven't most of you lost enough already? Get out and do not come back this is a money pit.

One word - BTCGarden

My last post on this topic-

This is a new industry, this company had 5MILL in it not 1MILL, this type of 'early adopter fraud' will be used for a test case, to set a standard. This type of event is EXACTLY what the authorities will be looking for to set a line in the sand. This will be used as a warning for future operators.

If BTC is going to be as big as we all think then this sort of thing WILL be targetted. The US will not want another Mafia to grow up around the BTC world. Corruption, scamming, organised crime WILL NOT BE TOLERATED. It will be annihilated.

Indeed not, it doesn't have jurisdiction anywhere except US territory. It has agreements with other nations.

In case you weren't aware the Chinese gov crack down VERY hard on corruption and fraud. One of their top 10 politicians is in jail right now due to corruption.

That's complete conjecture. Do you have any evidence to suggest the US wont be interested in a multimillion dollar scam when US citizens start complaining. You think they will do nothing? There are UK citizens extradicted to the US every year for similar frauds.

Good research. But what makes you think these people are even Chinese? If they are scammers thay are using the 'China issue' as a barrier to extradition to put off investigators, it won't work. They are more likely in the West.

If US shareholders have been effected then this is by default SEC territory. The US government is tireless in it's hunt for multimillion dollar fraudsters. International extradition warrents take a day to sort out and almost every country in the Western World has an agreement to uphold these extradition warrents.

Another excelent post tonight. So you are saying even if this company now start to Hash away as they promissed and meet their deadline the court cases launched by ripped off share holders/SEC investigation will see ALL of their balance sheet profit paid out in fines. So essentially this company can NEVER make a profit. If they do Hash the proceeds will be taken away in fines.

Good news for all. Read, and please TAKE NOTE.

Yes that is illegal. It goes against their IPO Stockholder contract. Those shares should not have been sold. If they are intending to buy back, then they have manipulated the market and broken the Shareholder bond both of which would be considered jail term behaviour. If you are happy for this company to manipulate the stock and wipe out 80% of it's shareholders money then you need to wake up and smell the coffee. This stock is certainly NOT going back to where it was.

So why have they sold 1MILL shares if that's their plan? Totally the opposite behaviour.

Oh, and what mining business? Any proof yet?

Excellent post actually. 80%, I feel for you but you are remaining positive which is all you can do.

The problem is, these people have weeks head start. The longer this illusion goes on the more they can cover their tracks. They are currently in exfil mode. They will be clearing out any premises they may have hired, litterally cleaning it of prints, selling any miners they bought to fix the Hashing scam side, converting tens of thousands of BTC into FIAT. This is what really takes the time, as does clearing it round many banks before making it untraceable/withdrawable by multiple 'agents'. Not a small scam so it needs time to unfold.

Jesus that is one clever move. The SEC specialise in this sort of going on. Although they seem to have sold 1MILL of their shares haven't they? - so it kind of doesn't make sense. They must be bailing out completely and going straight to the Caymen Islands.

Thought so, that must be why price is tanking down then.

Lots of sellers comming onto the market right now. It's gone from 0.0005 to 0.00045 in 15mins.

My opinion might not count for much but this is still way over valued. I'm sure the big buyers sitting at 0.00015 area have the right idea. Not worth the gamble. I wouldn't put more than 1 or 2 btc on this. Better odds at the Casino. 49% there that you won't lose everything.

Can we have this deleted too? It's on this page. Post 343.

-Attracting people to your company is business - the same the world over.
-The 'AM moniker' i.e. 'AM' was used for a week max on this forum by everyone before it was changed to ACtM.
-The rewards may be 'AM like', to say otherwise I think at this point is conjecture - we don't know and it is entirely possible.
-eASIC do have 'groundbreaking' trademarked tech, they have testimonials from the biggest names on the planet.


-Ken himself designed the chip. Ken is an established business man with around 30years business experience (my estimate). If outsourcing didn't work it wouldn't be so popular in the real world.

The market decides the market cap not the issuer. If the market isn't confident they don't buy or sell and market cap is reduced. Original IPO at 0.0005 was and still is regarded as cheap. The second at 0.0025 was a huge success selling out quickly. Many companies have a high market cap that you might think is unrealistic. The investors think otherwise. I can't see this as a valid point.

Shares sold weirdly:

The 2nd IPO shares were sold weirdly yes agreed. Essentially the shares were sold in 2 batches. The first batch sold out quickly and the stock price rose to around 0.0038 from 0.0025. Now at that point Ken had to issue the rest of the IPO shares and he was told by the BitFunder exchange that he had to honour the IPO price of 0.0025 - so they were listed at that price not market price. The result was everyone who had continued to buy above 0.0025 after the first batch had sold out were undercut and there shares fell in value to 0.0025.

You can say that is weird but you can also say it was the only course open - to honor the IPO listing. My view is that those who bought ABOVE 0.0025 should not have done so and were fully aware that the second batch were to be listed and at IPO price.

A lot of points and others will want to answer them or ask you to clarify.

I'll start with: 'The chips will not be particularly good'

That to me is a very unscientific comment. Yes the chips will be a certain % as good as a custom design but what performance levels are we talking here? 50% as good? 90% as good?

As power draw is a huge issue they may be more economic to run and cool and therefore 120% as good. I'm going to be lazy and not address general points but address specifics. Therefore you will need to tell me how much performance drop do you see on an ACtM chip over a custom? Then we can factor in running costs, and production volume, and ofcourse time to market.

Unless pankkake you wish to discuss the legitimacy issue (please feel free) I'd like to throw in this question:

How do you go about tracing the origin of a forum poster? Can you reveal any contact between certain specific posters via IPS addresses? If evidence can be found of direct contact between a direct competitor and their hired Trolls we would have sufficient to issue a cease and desist instruction or even go for a full on defamation/damage to business case via the courts. If we can find the evidence we can certainly find the lawyers happy to take on such a case. Shareholders could also launch their own cases (based on loss of stock value) if the evidence was released to a public forum.

Perhaps reminding our competitors of this possibility might make them think twice about the btc they are throwing at these hired jerks.

I'm not looking for any 'can't be done, not worth the effort' posts. I'd like to hear how this can be done, where it's happened before, and the liklihood of a seriously worded letter from an ACtM lawyer having some impact on these illegally acting competitors.

Richness, now that's something you may experience on a material level, but certainly on no other. You poor deluded soul. aka Billy no-mates.

It's good on here sometimes.  :-)