I've been following this closely and have come to the conclusion that my money is gone...

But more important than my money, I want to know what on earth is happening with any documents that were uploaded to verify my identity (yes, I know I was dumb)? None of them were approved, so I'm still 'unverified' on the weexchange website. To that end, Ukyo, I'd like you to delete my documents as there is no need for you to have them there if I haven't been verified. Please don't give another B.S. reason that keeping them is to do with 'legal' reasons....

Ukyo, you are going to delete all the verification paperwork that was submitted to weexchange, right?

Join the club Rody! Not a great moment for weexchange...

Yup, can't log in here either. Any chance they can just decouple bitfunder and weexchange and just allow people to withdraw to a private address? Why can't that happen?

NB. Ukyo, answer my PM!

Yup, certainly did. But I've moved and the system won't let me set a new 'primary address', nor will it let me delete my old address.

Ok, so I'm having some serious problems with getting verified on weexchange, and I'm wondering if anyone else has had bother? Driver's license and passport (both high quality images) have been rejected for fairly spurious reasons, including 'addresses not matching' (they do) and 'not good enough quality images' (they were). Because I don't have a green card or identification card, I'm now out of ideas as to how to prove that I'm a UK national living in the UK.

Any suggestions?

Missed the drama there with the stockprice crash, but looked like an interesting ride.

In any event, some interesting reading over at the ASICMiner thread where friedcat has said that they won't do pre-orders anymore. This seems to echo what I and others suggested in the ACM thread; that pre-orders are a bad idea for building up customer faith, especially given the amount that can go wrong.

Any thoughts on this?

Yeah, the gap is sitting at about 0.002 btc p/s now. Per share cost on BF is ~0.007... Surely this has to narrow at some point? Who was offering transfer services on this thread?

I'm curious about the 0.0025 dividend/share thing... When does this 'expire'? Say I bought some more shares now, would those shares still be open for this guarantee? What about if I bought in six months time? Is this only valid for IPO shares? I haven't seen anything about this in the thread, but I might have missed it.

Wait a minute. Didn't this SNAFU happen with the original IPO for AMC with the original shares going for 0.0005, rising to 0.0008, and then a bunch of shares being dumped at 0.0005 again?

So I still can't tell if the original batch of shares on BF are still available or not... Did Ken put up new shares here?

So have all the shares now been sold or what? I'm debating whether to buy in for one last time. Have more shares been added to BF?

Active Mining need good accounting just like it needs a decent website; these are basic business essentials, and if Ken doesn't have the skillset to do it (and it's not a big deal if he doesn't), then he needs to hire folk to do it for AM. Just because Bitcoin Mining is a relatively new venture doesn't mean that business fundamentals should be thrown out of the window.

I would humbly suggest against this. The last thing wanted is another BFL kerfuffle where pre-sales/orders aren't fulfilled and the backlog gets bigger and bigger and pre-buyers get even more pissed off.

Shares all transferred now! Thanks for dealing with it so quickly Ken.

Lots been happening over the last few days I see. Ken, just to let you know that I've pushed my shares of AMC on bitfunder. Looking forward to seeing what the next few months brings.

If you guys can visit this when the road trip happens, that'd be awesome, with proof, pics etc if possible (like what reddit does for the AMAs).

+1

It also spreads the load somewhat.

Phew, so I'm not mad then! And yes, I think it would be best that Uyko be approached and asked to implement something like this. So it seem that unsold shares receiving dividends seems to be a product of bitfunder's architecture, but I think that it needs to be dealt with. I'm not sure whether making small batches of shares available is the right way to go though. Companies should know roughly how much money it needs for various expenses. As such, it would be good to know from Ken what the company's accounts look like: how much has been raised thus far, what the total assets are, future outgoings, etc etc etc, so we get a fuller idea of where we need to be heading in the future.

Look at this eh? Crowd-sourced business enterprises!

You seem to know what you're talking about VBS, so I think I'd be happy with a structure like that. So long as there's space for the valuation to increase over time, rather than topping out at an extreme valuation and having to space to move, most people would be happy I'd guess.

Just as a separate point, this is the profile for TAT.ASICMINER (https://bitfunder.com/asset/TAT.ASICMINER)

Under the 'Shares Total', it's 10 million, and under 'shares issued', it's 24,468. The dividends are split up over this 24,468, not the 10 million. So to me, that seems like 24,468 have been sold. Does AMC follow the same structure?

From what Lewiki said earlier:


But dividends are split up over 40 million on bitfunder. What am I missing, given what I mentioned earlier about unsold shares and dividend payments.

P.S. Sorry, I know I keep banging on about this, but I'm actively trying to learn, not derail.