zumzero
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August 31, 2013, 10:24:51 AM |
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ActM is happening, with or without current shareholders. Fact.
Everything is in place and for those of you thinking of jumping ship, just remember when you're in the water and look back over your shoulder, you'll see that ship steaming towards a massive rainbow without you.
As one of our posters just mentioned, 'the silence is deafening'. I say silence is golden and no news is good news.
The question is, what type of character do you all have? My cup is half full, and soon to be overflowing. For those of you with cups half empty, that doesn't matter so long as you hold on to your cup.
P.S. Cheerleader practice rescheduled for sunday 1830 hrs GMT.
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ffssixtynine
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August 31, 2013, 11:24:08 AM |
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I can answer a bit of this though I'm as frustrated as anyone.
He genuinely can't discuss anything which would imply a deal had or hadn't been made yet with eASIC.
It's not a situ that can continue any longer IMHO (because he needs some press coverage as well as long term shareholders being unhappy about lack of information) and we've made that clear. Ken is not the best at handling the public side of things as we all know and tends to focus on his engineering.
It's a holiday in the US Monday but tues onwards we'll continue to push him daily to ensure he is chasing it up as his highest priority. We want to see this put to bed within the next week or so but it's not down to us.
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crumbs
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August 31, 2013, 11:41:26 AM |
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Good morning. If you find this illustration helpful, please tip the bitcoin address i'm prohibited from disclosing under the terms of our NDA.  V V V V V 
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AngelSky
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August 31, 2013, 11:46:10 AM |
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If they don't remove the NDA, this is going down and down. Maybe they should reconsider it with their partner(s). No NDA = more trust = share price up to 0.005+
EDIT: and btw, WHY NDA here ? I don't get it.
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ffssixtynine
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August 31, 2013, 01:40:50 PM |
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If they don't remove the NDA, this is going down and down. Maybe they should reconsider it with their partner(s). No NDA = more trust = share price up to 0.005+
EDIT: and btw, WHY NDA here ? I don't get it.
It isn't ken's choice but an eASIC requirement. If/when eASIC issue a press release, the NDA situ will change. Else ken needs to negotiate certain items can be made public. Nothing is going to happen for the next few days due to holidays, however.
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BitcoinForumator
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August 31, 2013, 01:50:10 PM |
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How beneficial is this shroud of secrecy really for the 2 partners and how detrimental is it for the shareholders? What kind of information can they hide from their competition that they don't otherwise have? Or what information could they use anyways?
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CoinHoarder
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August 31, 2013, 02:02:01 PM |
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This is starting to look like a train wreck in slow motion.
I'm not an investor, but I better receive my mining equipment I ordered from VMC... here's to hoping for the best.
I dunno how you ActM guys are still in this, you must have balls of steel.
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carpetbagger
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You can trust me, I have an avatar
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August 31, 2013, 02:05:52 PM |
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♔ Keep clam & hodl on
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AngelSky
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August 31, 2013, 02:11:21 PM |
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How beneficial is this shroud of secrecy really for the 2 partners and how detrimental is it for the shareholders? What kind of information can they hide from their competition that they don't otherwise have? Or what information could they use anyways?
That's the real question. This is starting to look like a train wreck in slow motion.
I'm not an investor, but I better receive my mining equipment I ordered from VMC... here's to hoping for the best.
I dunno how you ActM guys are still in this, you must have balls of steel.
I'm already out @ the best of the worst price but I'm asking myself if I should come back or not and when.
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Stuartuk
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August 31, 2013, 02:11:23 PM Last edit: August 31, 2013, 02:26:06 PM by Stuartuk |
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Everyone making a big issue over share price should understand that it is a handful of extremely minor sells effecting shares price - big sells are not happening.
There are very few buyers right now (as everyone is fully invested or waiting for news) therefore a small number of sellers when there is no buying pressure can move price a long way.
Look at the Bitfunder trade history for the past 24hrs At 8am on 30th we have 124 shares selling for 0.0039 At 7am on 31st we have we have 640 shares selling for 0.0033622
That is an apparent drop in market value of the company of approx 15%. Significant. Now how many shares have been sold on BF between those two sells? 15% of the 5Mill+ on the exchange? No, 3,500. Incedible but true.
So, 3,500 shares x3 (to add in estimated btc.co volume) is around 10k shares sold in those 24hrs.
10Mill/10k = 1000 (0.1% of publicly held shares)
That sort of turn over is perfectly normal, 0.1% atleast SHOULD be traded daily in any healthy stock. The problem here is solely due to the lack of buyers which is causing vastly exaggerated exchange prices moves.
In this atypical situation the critical factor to take account of in assesing invester confidence is volume of sales not price moves. The volume of sales figure tells you how many people are selling their shares (the price tells you nothing right now). So 0.1% of shares are selling = nothing of any significance, it is to be expected in any stock.
Therefore I would suggest that those saying invester confidence is low and citing stock price as evidence are wrong. No one is selling, everyone is holding tight right now. It looks like ACtM investers aren't as fickle or short-sighted as some would assume.
Comments on that welcome as usual.
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knybe
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August 31, 2013, 02:15:26 PM |
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Great. So nothing much to know here until after Labor Day. Meantime share price is bottoming out due to lack of formidable PR and Ken's inability to articulate more than a grunt here and there.
I too deal with NDAs and am very familiar with and understand how they work but at this point, with regards to how it affects the share price, it's becoming a huge liability.
There must be some kind of good news that has NOTHING to do with eASIC and the infamous NDA that can calm doubts?
Not a scam? ... Maybe. but It's sure feels like we've been abandoned...
It's like Ken got what he wanted out of us and has walked away.
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Pompobit
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August 31, 2013, 02:18:26 PM |
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come on, easics confirmed several times about a relationship between them and Ken and VMC covered by NDA, it's not likely a scam. We just need to wait, but as I've already asked: Ken, PR, is there an estimated date when the NDA should close? Are we talking about days? Weeks? Months?
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AngelSky
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August 31, 2013, 02:25:45 PM |
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Great. So nothing much to know here until after Labor Day. Meantime share price is bottoming out due to lack of formidable PR and Ken's inability to articulate more than a grunt here and there.
I too deal with NDAs and am very familiar with and understand how they work but at this point, with regards to how it affects the share price, it's becoming a huge liability.
There must be some kind of good news that has NOTHING to do with eASIC and the infamous NDA that can calm doubts?
Not a scam? ... Maybe. but It's sure feels like we've been abandoned...
It's like Ken got what he wanted out of us and has walked away.
I think a lot of shareholders feel the same way.
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CoinHoarder
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August 31, 2013, 02:44:52 PM |
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The lack of updates reminds me of BFL late 2012... and we all know how that ended.
I hope I am wrong (for the sake of my units, and for the sake of shareholders).
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carpetbagger
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You can trust me, I have an avatar
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August 31, 2013, 02:47:12 PM |
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Therefore I would suggest that those saying invester confidence is low and citing stock price as evidence are wrong. You're pretty far gone, man. The one thing in this thread that doesn't lie is the chart. No amount of formulas or wishful thinking will alter that. It is going down, and there are very obvious reasons why.
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♔ Keep clam & hodl on
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Anotheranonlol
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August 31, 2013, 02:59:50 PM |
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The lack of updates reminds me of BFL late 2012... and we all know how that ended.
I hope I am wrong (for the sake of my units, and for the sake of shareholders).
if it looks like a dog and barks like a dog..
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bobboooiie
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August 31, 2013, 03:11:52 PM |
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"pred div rally" are you kidding  ? THat dust wouldnt cover even transaction fees
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CoinHoarder
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August 31, 2013, 03:16:16 PM |
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"pred div rally" are you kidding  ? THat dust wouldnt cover even transaction fees I think this was a joke... a funny one at that 
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chairforce1
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August 31, 2013, 03:22:56 PM |
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its interesting to watch the panic spreading through this thread and steadily accelerating.
-there is no way that anything anyone speculates on here will ever affect the outcome of business between active and eASIC ever -there is no way that share price will affect the outcome of business between active and eASIC ever
if u are in active u r not driving, u are along for the ride. the share price can go to 0 and active will still go along with progress or regression because the money is already out of your hands. ken does not need any share holders in order to continue business. its like people are surprised that there is risk in securities for a digital currency, and don't understand there is no reward without risk. we cant all just be there for when things are bright and happy, its a two way street. if u want to wake up with a smile from doubling ur position then u better damn well be ready to wake up in shambles.
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Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo
-Epicuru$
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CoinHoarder
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August 31, 2013, 03:26:30 PM |
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its interesting to watch the panic spreading through this thread and steadily accelerating.
-there is no way that anything anyone speculates on here will ever affect the outcome of business between active and eASIC ever -there is no way that share price will affect the outcome of business between active and eASIC ever
if u are in active u r not driving, u are along for the ride. the share price can go to 0 and active will still go along with progress or regression because the money is already out of your hands. ken does not need any share holders in order to continue business. its like people are surprised that there is risk in securities for a digital currency, and don't understand there is no reward without risk. we cant all just be there for when things are bright and happy, its a two way street. if u want to wake up with a smile from doubling ur position then u better damn well be ready to wake up in shambles.
He owes it to his investors to keep spirits up and keep everyone updated. They did give him a free loan for what? 6+ million dollars? (I'm not really sure on the amount.) But still, don't expect to get a free loan of millions of dollars and then them not be upset with a lack of updates... I understand the business keeps going no matter what happens here, but he is screwing over his share holders with his actions (or lack thereof in this matter.)
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