Zum- And I agree with that - we need to look after ourselves at this crucial time. But Ukyo thinks differently. Thats the point and thats why you shouldn't be thanking him.

Zum you need to put some reality goggles on.

These 232k of shares will not sell for 0.01 That price will only be attained once we have the farm up are batch selling chips and shipping machines enmass.

The likely average  price is 0.004.

That will make 928btc.

If that is shared around everyone will get around 15% of their money back in btc. Do you want to thank this thief again for his generosity?

So we loose 85btc. Good news?

OK if we sell these shares Ukyo wants all the proceeds divided equally not us first and everyone else later. Now do the maths. I don't know how much he owes and to how many people.

zum you aren't quite getting it. He wants the shares split between all weex debtors. If that happens we get 5% of our money back??

He has come out and laid down an ultimatum to Ken and you are thanking him for it?!

It is company btc and you are liable for ACtM's related business losses not Kens personal losses. Big difference.

By the way Ukyo, have you released the weex wallet details so people can examine your transaction history?

nyc77 you joined the forum today. welcome.

If you want to play hard-ball Ukyo lets do it.

I think Ken should sue you for the damage to our business that will have occurred due to these funds being lost. We could have used this money for many tasks but Ken has had to take it off our balance sheet. We have not been able to plan around these funds.

I expect a million dollar law suit would put you into debt for the rest of your life and its something we have a high chance of winning. Lets play ball.

Yep Uyko's shares, part of the 10Mill and if Uyko had them he'd probablly be desperate for BTC and selling them himself for 0.0025.

So ken puting them at 0.01 is doing us no harm whatsoever.

I looked it up. Yes, 'potentiality' IS a real word.  And ACtM has ooodles of it. 

Every stock is pumped by someone. That's partly why .com type bubbles occur.

But on the other hand people also have genuine views and see business 'potentiality' where others may not.

You must have a personal view on where price will go. And some could say you are crazily optimistic  and pumping the stock. My views are based on solid maths and make sense to me. Annualised div payout is not hype, but ofcourse we don't yet know what annual divs will amount to.

Thanks. I find that very interesting. Everyone will have their own view - that's what makes a market. Personally I think your target is on the high side but then who knows where this company will go. The value of the shares will be determined by the annualised dividend payout in my book. That's what gives most listed company shares value to long-term investors. On top of that obviously you need to ad the speculators and they can push a stock anywhere. Look at the '.com boom bubble'.

I would predict 0.08 as a top end but admit it could go higher. Your estimate gives the company a huge market cap. But if the divs are very very good the market cap will simply reflect that as a consequence of the share-to-div value. The higher the divs the higher the share price.

That is not a huge percentage of 10,000,000.

0.5%?

I think we can expect a daily traded volume exceeding that by some margin when trading resumes. 1 or 2 % of total publicly held shares per day for the first week?

A question gjp - if you had the money would you buy all these shares at 0.006BTC? If so do you have a target exit price in mind or would you be holding for divs?

You don't have to answer if you'd rather not.


EDIT - more shares gone at 0.01

Fellow shareholders - I think this above quote will worry a lot of people. This is an open forum, this is the Official thread, and this point needs addressed IMO. You might not like this discussion because you think it's not relevant but I do so I will continue. Do not read our exchange if you don't want to.

So.....


The shares are not legal
ACtM is not legal
Bitfunder was not legal

Most of the BTC industry is not legal. So how will Ukyo argue in court that Ken is acting illegally when his shares do not fall within the framework of the legislation?

One analogy I will offer. If a drug dealer is selling from his home and a customer comers round and steals his drugs while the dealer is not looking and runs out the door can the drug dealer go to a lawyer and raise a charge against the thief? Will that charge end up in court? Will the thief be found guilty of theft? In this world the answer is no. I have said all I want to on this. If you don't think it's legal maybe you and Ukyo can get together and take ACtM to court. But I don't think Ukyo will be too keen on visiting any court for quite some time - i.e. the rest of his life.

Sorry, I thought it was an interesting and relevant debate on the current situation which Ken mentioned today.

We are in a grey area as you have indicated. Little in the BTC industry operates within the letter of the law as it is currently written.

The action Ken is taking is within the spirit of the law - that which is the underlying intention. That intention is that an individual or company can hold the assets of a debtor and sell them to recover their losses if the debtor does not or can not pay up. That is as far as you can go in this unregulated industry.

You are implying that Ukyo could take Ken to court but what legislation would he use? The shares he will claim to own are not registered securities, the BTC he used to buy them is not a legally recognised currency, the exchange he set up was not registered etc etc. Do you see the problem? In other words if Ken can't do X because the legislation does not appply then Ukyo cannot do Y (bring him to court) because the legislation does not apply.

At the end of the day common sense needs to be applied in any Grey Area. So I would maintain that Ken is doing the right thing.

New investors getting involved is key. I wouldn't say ACtM are low profile but we could certainly do better on the publicity side. We need the latest 55nm chip news release put on CryptoTrade and we need a higher profile in the community. This company is a good proposition right now. If I wasn't invested I would want to be. So yes new interest is guaranteed now but we still need to up our profile.

570.305 Garage keeper's lien; enforcement; sale of vehicle at public sale.
Sec. 5. (1) A lien under section 3 shall be enforced only as provided in this section.
(2) If charges described in section 3 are not paid, the garage keeper may sell the vehicle at a public sale
described in this section

https://www.legislature.mi.gov/(S(uddgwv552ot3ew453natxq55))/documents/mcl/pdf/mcl-Act-312-of-1915.pdf


The basic principle of lien is that you recover your losses. If you can't sell the assest you hold/sieze then there is no point to lien.

Not Gordon Geckko again?




I'm gonna take these 3 ActiveMining shares.....and SHOVE EM UP YOUR ASS.

They wanted to get there first.

or

They don't like Ukyo.

la la la la laaa


Anyone see the match last night?