[ActiveMining] The Official Active Mining Discussion Thread

[ffssixtynine]

Ken has agreed to take on professional PR. That may include dealing with shareholders and the PR account (depends who does it).

Finally

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[hazryder]

Ken has agreed to take on professional PR. That may include dealing with shareholders and the PR account (depends who does it).

Finally

Finally some good news, I'll be looking forward to this.

[stereotype]

Ken has agreed to take on professional PR. That may include dealing with shareholders and the PR account (depends who does it).

Finally

I vote EskimoBob.

[carpetbagger]

Ken has agreed to take on professional PR. That may include dealing with shareholders and the PR account (depends who does it).

Finally

I vote EskimoBob.

I vote Stuart

[ffssixtynine]

Finally some good news, I'll be looking forward to this.

To be fair, the eASIC news was good (brilliant news in fact) and the only people who have a problem with anything right now are shareholders who want a lot more info because they want share movement or confidence.

In fact, the only things not going to Ken's original plans are deliveries in Nov rather than Oct/Nov and Avalon letting everyone down. And we're told that a lot more is going on too, just like at other chip companies. R&D doesn't stop.

I'm not excusing communication issues but company plan wise it's still as advertised basically, Avalon apart (and refund requested anyway).

Sometimes it's worth stepping back from this forum where a lot if people shout all sorts of rubbish or make demands they know aren't/can't be met in order to move the share price and stir trouble, or because they just want what they can't have. I try to answer those only once, but when they come back and do the same thing a few days later I'm sometimes forced to repeat myself.

Ken's IPO and public handling has always been poor so anyone surprised that communication issues remain probably didn't do their research. We've been trying to improve it but it won't surprise anyone to know that it's been very difficult. The stress getting that eASIC press release out... you don't wanna know.

I, and the rest of the advisory board, do want to see more hires though. We've worked really hard but, having done this for a few weeks now, it's not an Advisory Board that ActiveMining really need, it's more staff/internal board members and/or paid professional help; hence the push for a proper PR guy (got to start somewhere).

Some people are probably right in saying that Ken is doing too much and needs to focus on engineering. We've filled in as best as possible but it needs people inside the company and not outside of it. We can't take on practical tasks and don't have inside information, and we all have day jobs as it is.

[Vbs]

Finally some good news, I'll be looking forward to this.

To be fair, the eASIC news was good (brilliant news in fact) and the only people who have a problem with anything right now are shareholders who want a lot more info because they want share movement or confidence.

In fact, the only things not going to Ken's original plans are deliveries in Nov rather than Oct/Nov and Avalon letting everyone down. And we're told that a lot more is going on too, just like at other chip companies. R&D doesn't stop.

I'm not excusing communication issues but company plan wise it's still as advertised basically, Avalon apart (and refund requested anyway).

Sometimes it's worth stepping back from this forum where a lot if people shout all sorts of rubbish or make demands they know aren't/can't be met in order to move the share price and stir trouble, or because they just want what they can't have. I try to answer those only once, but when they come back and do the same thing a few days later I'm sometimes forced to repeat myself.

Ken's IPO and public handling has always been poor so anyone surprised that communication issues remain probably didn't do their research. We've been trying to improve it but it won't surprise anyone to know that it's been very difficult. The stress getting that eASIC press release out... you don't wanna know.

I, and the rest of the advisory board, do want to see more hires though. We've worked really hard but, having done this for a few weeks now, it's not an Advisory Board that ActiveMining really need, it's more staff/internal board members and/or paid professional help; hence the push for a proper PR guy (got to start somewhere).

Some people are probably right in saying that Ken is doing too much and needs to focus on engineering. We've filled in as best as possible but it needs people inside the company and not outside of it. We can't take on practical tasks and don't have inside information, and we all have day jobs as it is.

+1, to reiterate the points above.

[Stuartuk]

Also, as a reminder, the first 0.0025 of shares will be repaid in full before ActiveMining take out any profit.

Just to avoid confusion ff, if someone buys a share now how much div is left of the original .0025 to be paid before ACtM start taking their share of profits?

In other words, some of that 0.025 has already been paid out, so how much is left per share?

[carpetbagger]

Some people are probably right in saying that Ken is doing too much

*coughs up orange juice*

[auto2nr1]

Thank you for your posts ffssixtynine. I appreciate the info you have been providing.

[ffssixtynine]

In other words, some of that 0.025 has already been paid out, so how much is left per share?

I think basically 0.00249xxxxx!

The price will bounce around with news (PR would be helpful here for sure) but they are certainly inherently worth the original asking price given that the eASIC deal has been confirmed.

[carpetbagger]

Am I the only one who thinks the PR is Ken?

Isn't it Streets 2.0?

Yeah someone else posted that, my bad.

[Stuartuk]

In other words, some of that 0.025 has already been paid out, so how much is left per share?

I think basically 0.00249xxxxx!

The price will bounce around with news (PR would be helpful here for sure) but they are certainly inherently worth the original asking price given that the eASIC deal has been confirmed.

I agree but there's only so much money in this market right now. You can see that in action when one stock is high on expectation it's price will rise while others will fall - simply not enough money to go round.

Does the Board have any suggestions for bringing more money onto the exchanges? This would reduce volatility. The creation of more depth would reduce volatility but still allow for rewarding speculation but with larger amounts over smaller price moves.

[crumbs]

I haven't been able to follow exactly everything that has been going on.

Whats the negative points for ActiveMining? They are using eAsic which is a well established company that generates different types of asic on a daily basis, their foundry is Fujitsu.

What exactly is bad about the company so far?

The short list:
-A "virtual identity" with U.K. mailing address and Belize incorporation.
-Pictures of an empty warehouse space with a few empty cases offered to lend credibility.
-Entire management "team" has the last name "Slaughter," which unnerves the sheeps on this forum.
-No track record.
-Lulzy circa 1990 website proudly offering empty 4U cases & childish photoshops.
-Absolutely no information beyond that.
-Tanking stock on two different exchanges.
-Winrar of the coveted "Worst PR Evar" award.
-Failed to meet the only verifiable goal on the already vague prospectus.

A better question is "what, exactly, is *good* about the company thus far?"

[zefyr0s]

Your points would be correct if ActM decided to pay eAsic, take the chips and throw them in the garbage. Otherwise you are wholly and completely wrong on all counts. Don't ask me to tell you why, you have posts on 60% of the pages here and unless you don't know how to read or refuse to, you know what's going on.

[ffssixtynine]

Some people are probably right in saying that Ken is doing too much

*coughs up orange juice*

Haha!

People either forget or don't realise that we don't work for Ken and we don't work for ActiveMining.

We're not here to defend things that we believe aren't right, we're here to try and put them right. Where we can't do that, change needs to come from internal or we have to trust Ken's decisions.

We volunteered to help improve some long standing issues and hoped to have input in the future. As things stand, we've done some of what we hoped but definitely nowhere near as much as we wanted.

Engineering wise ActiveMining are in a good place as things stand, but marketing wise we differ from Ken significantly. I won't hide the frustration we've felt over topics such as marketing, the website and sales strategy. We just don't have the power to change those things and so the ball is always in Ken's court.

For the time being I think we just need to accept that Ken isn't going for the swish presentation of others. He's happy with what he has and is now focused on delivery. I'm not saying I agree with this by the way, just that this is how it is. Ken will say so himself if you talk to him about it.

re: share price - I'd like to get some more into BTCT (including personally). I've given Ken some options and to be fair he's offered to move a proportion of shares of the advisers over as we've been doing a shedload of work unpaid (VE paid $5k for this not so long ago) and couldn't do any trading pre-eASIC announcement due to being on the board (so we bought at 0.0025ish, and that's where the price is now).

However, I'd prefer the offer open to others so asked Ken again about doing a very limited offer.

I feel like it's a bit of a no win situation. I know from PMs that people assume we made a quick big profit or could insider trade when both are wrong. In fact, if you want to make money, don't be on an advisory board!

[Stuartuk]

However, I'd prefer the offer open to others so asked Ken again about doing a very limited offer.

I feel like it's a bit of a no win situation. I know from PMs that people assume we made a quick big profit or could insider trade when both are wrong. In fact, if you want to make money, don't be on an advisory board!

I think you need to think vary carefully about this idea. Won't you effectively be de-valuing the shares on btc.tc?

With more shares put over onto btc.tc prices will come down as a result. I would imagine some holders on btc.tc could have a valid argument for market manipulation if their holdings drop 20% in value over night?

[ThickAsThieves]

Some people are probably right in saying that Ken is doing too much

*coughs up orange juice*

Haha!

People either forget or don't realise that we don't work for Ken and we don't work for ActiveMining.

We're not here to defend things that we believe aren't right, we're here to try and put them right. Where we can't do that, change needs to come from internal or we have to trust Ken's decisions.

We volunteered to help improve some long standing issues and hoped to have input in the future. As things stand, we've done some of what we hoped but definitely nowhere near as much as we wanted.

Engineering wise ActiveMining are in a good place as things stand, but marketing wise we differ from Ken significantly. I won't hide the frustration we've felt over topics such as marketing, the website and sales strategy. We just don't have the power to change those things and so the ball is always in Ken's court.

For the time being I think we just need to accept that Ken isn't going for the swish presentation of others. He's happy with what he has and is now focused on delivery. I'm not saying I agree with this by the way, just that this is how it is. Ken will say so himself if you talk to him about it.

re: share price - I'd like to get some more into BTCT (including personally). I've given Ken some options and to be fair he's offered to move a proportion of shares of the advisers over as we've been doing a shedload of work unpaid (VE paid $5k for this not so long ago) and couldn't do any trading pre-eASIC announcement due to being on the board (so we bought at 0.0025ish, and that's where the price is now).

However, I'd prefer the offer open to others so asked Ken again about doing a very limited offer.

I feel like it's a bit of a no win situation. I know from PMs that people assume we made a quick big profit or could insider trade when both are wrong. In fact, if you want to make money, don't be on an advisory board!

Either establish an official transfer policy and service that anyone can take advantage of, or don't do it at all. No need to be shady.

[bigdude]

To reiterate, it's not a money or time thing to Ken, he is just happy with how his site and how it is performing.

As a shareholder, a significantly large one, that is simply scary.

It shows a serious lack of judgment on Ken's part. It's one thing to be an engineer, it's another to try to run a business ... and as time progresses, it is becoming more and more evident that he not only does not have any skills in other areas of business, but worse, he is not willing to acknowledge that and bring in people who DO know what they are doing.

[ffssixtynine]

Either establish an official transfer policy and service that anyone can take advantage of, or don't do it at all. No need to be shady.

Our thoughts too hence the public disclosure. There have been enough shady operations by other securities.

re: BTCT There is a lot more demand on BTCT so it's not so clear cut. It'd take a lot to shift the price much there and it's been more resilient.

Ken isn't interested in doing anything other than a one off, and maybe not even that. If he did, what if there is transfer min and max amount (e.g. 10-25k), max overall amount of e.g. 250k, first come first served.

This is only a suggestion. Even if Ken says yes, we'd need feedback.

[carpetbagger]

re: share price - I'd like to get some more into BTCT (including personally). I've given Ken some options and to be fair he's offered to move a proportion of shares of the advisers over as we've been doing a shedload of work unpaid (VE paid $5k for this not so long ago) and couldn't do any trading pre-eASIC announcement due to being on the board (so we bought at 0.0025ish, and that's where the price is now).

I don't mean to sound ungrateful but did you really each do ~$5k worth of work? May I ask what on? How many advisors are we talking about here? And you couldn't do any trading? Not even set an ask order?

My own thoughts are if it happens, it should be a once-off opportunity open to everyone to transfer the shares. Anyhow, don't mean to bust your balls over your thoughtful reply, thanks for what you do and sharing this info.