[ActiveMining] The Official Active Mining Discussion Thread

[kingcrimson]

Seems like you are all just using emotional blackmail to get ActM to make announcements. The company doesn't need you, stay or leave, it makes no difference.

[1714979701]

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[1714979701]

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[carpetbagger]

Bitfunder, BTC-TC Dividends paid [0.00000220/share]

Hi Ken. What are you planning to do when the divs reach less than one satoshi? I assume divs will be moved to monthly at that point?

[coinfresh]

It seems like a lot of people don't know what an NDA is or don't have any experience with an NDA. Ken is not withholding information from you because he is a bad guy and doesn't like to communicate. It is because he doesn't want to get SUED. It is very common for businesses who join in a partnership to sign NDA's. Some info from our friend wikipedia:

A non-disclosure agreement (NDA), also known as a confidentiality agreement (CA), confidential disclosure agreement (CDA), proprietary information agreement (PIA), or secrecy agreement, is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties. It's a contract through which the parties agree not to disclose information covered by the agreement. An NDA creates a confidential relationship between the parties to protect any type of confidential and proprietary information or trade secrets. As such, an NDA protects nonpublic business information.

NDAs are commonly signed when two companies, individuals, or other entities (such as partnerships, societies, etc.) are considering doing business and need to understand the processes used in each other's business for the purpose of evaluating the potential business relationship. NDAs can be "mutual", meaning both parties are restricted in their use of the materials provided, or they can restrict the use of material by a single party.

Now I know some of you say, "OO but this shouldn't be covered by the NDA, or that shouldn't be covered by the NDA." Any decent businessman would not risk his partnership nor a lawsuit by accidentally leaking information. It is best to keep your mouth shut just in case. I hope this helps people understand how important an NDA is and how important it is to not disclose confidential information.

[zumzero]

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.

[ffssixtynine]

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.

[crumbs]

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

[AngelSky]

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.

[ffssixtynine]

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.

[BitcoinForumator]

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?

[CoinHoarder]

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.

[carpetbagger]

[AngelSky]

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.

[Stuartuk]

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.

[knybe]

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.

[Pompobit]

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?

[AngelSky]

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.

[CoinHoarder]

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).

[carpetbagger]

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.

[Anotheranonlol]

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..

[bobboooiie]

"pred div rally" are you kidding ? THat dust wouldnt cover even transaction fees