[ActiveMining] The Official Active Mining Discussion Thread

[Elokane]

How is this possible that this company is trading for less than IPO price when there is infinitely more information now about its chances of delivering?

[1714746887]

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[N_S]

trading for less than IPO price

Um...wat?

[Stuartuk]

lol shrewd move by lewicki. I personally wouldn't touch the logo after that manoeuvre.

[SoylentCreek]

How is this possible that this company is trading for less than IPO price when there is infinitely more information now about its chances of delivering?

Big flippers are tied into Labcoin at the moment.  Plus, most of us who have the bulk of our shares on BF bought into it when it was less than .001.

[SoylentCreek]

I just PM'd hazryder about the logo.  I'll post an update later.

Lewicki has the rights and will transfer it across for what he'd pay for it.

The problem was Ken's web guy screwed up and initially tried using it when he didn't have the rights instead of using the newer one now on there. That made it look like Ken was using it without paying Lewicki which caused some friction. And as you can tell, lewicki and Ken's web guy, not best pals.

Yep, I sold the logo to Lewicki and signed a contract to transfer ownership.

If Lewicki is reluctant to transfer it to Ken for whatever reason, I'd be happy to design a not-quite-the-same-but-very-similar logo

Good on you mate.

I might go ahead and throw my design into the mix as well.  The more the merrier.

[somestranger]

How is this possible that this company is trading for less than IPO price when there is infinitely more information now about its chances of delivering?

Big flippers are tied into Labcoin at the moment.  Plus, most of us who have the bulk of our shares on BF bought into it when it was less than .001.

Yeah if Labcoin turns out to be a scam watch ActiveMining shoot up. Also, the morons trading shares are selling simply because they see it going down. Just look at how easily manipulated people are by the Labcoin thread -- the same people say "SCAM! SELL SELL SELL!!!" and the price drops 15% then later they post "Excellent, my bids were filled. Better luck next time suckers". A very easily manipulated market this is.

[ffssixtynine]

How is this possible that this company is trading for less than IPO price when there is infinitely more information now about its chances of delivering?

Because on Bitfunder a lot of people had shares bought for 0.0005 or so. They're now taking their profit.

On BTCT they started at 0.0025 and the price is a more fair reflection of things.

[redmetal]

How is this possible that this company is trading for less than IPO price when there is infinitely more information now about its chances of delivering?

Because on Bitfunder a lot of people had shares bought for 0.0005 or so. They're now taking their profit.

On BTCT they started at 0.0025 and the price is a more fair reflection of things.

Also as only a third of shares where issued on BTCT

[thefunkybits]

How is this possible that this company is trading for less than IPO price when there is infinitely more information now about its chances of delivering?

Because on Bitfunder a lot of people had shares bought for 0.0005 or so. They're now taking their profit.

On BTCT they started at 0.0025 and the price is a more fair reflection of things.

Also as only a third of shares where issued on BTCT

Yes hard to say what is accurate as the prices are possibly tainted on both exchanges, this seems like its a problem between Ukyo and Burnside however.

Im currently still looking for anybody who wants to swap my shares on Bitfunder for theirs on BTCT (max 4K with a nice fee)

[hazryder]

Edit: Everyone go on Fivver.com and find a Logo Designer (There's about a thousand of them). Ask them to design a VMC logo. Post them on here and I'll reimburse the one that would get used on the website + commission (Let's go with .5BTC currently)

This way we have a nice array of logos to choose from and they only cost $5! Can't go wrong

Not wanting to sound rude, but I urge people not to do this. Sure it seems great for us as we get a load of logos to choose from pretty cheap, but sites like Fiverr are devaluing the graphic design industry by taking jobs away from quality designers and giving them to kids who will whip something generic up in an afternoon.

[ffssixtynine]

Firstly, logos. Please don't run off and create your own. Ken can probably have the original one people liked or he can use what he has. He definitely doesn't want to have to waste time on people creating a ton of logos when he didn't even ask for one.

Ken,

We don't mean to be so pushy on certain issues, but the way the board is coming back and saying that no matter what you won't change X Y and Z is making us really push certain issues harder than they probably should.

Some of the shareholders are really holding this until the end, we want this to succeed and we want to know that the CEO of the company has an open mind to changes that could only benefit the company.
Most of us are more than understanding for any reason you have for not wanting to do it right "NOW" but some major changes do need to happen in the future for the face of ActM to be taken professionally.

I hope you understand.

I have to remove you from my ignore list as you've made some sensible posts apparently! Hat. Eaten

As a board we can only advise. When shareholders and the board agree it's kind of natural that sometimes the ball will be picked up and pushed harder. However, when Ken doesn't change something he does give reasons. Like with the website, he has his reasons and he has said he'll gradually improve it.

He does listen, he just doesn't always agree - or agree 100%. The reason the web site gets picked on is because it's such an iconic part of a company and everyone has an 'opinion'. In fact, the core site is less of a problem than the store, which I find confusing and muddled.

All said and done, the important thing is getting those chips and boards finished ASAP, then doing mining and sales, since that's what the company was set up to do. It's probably not going to have a flashy image or a great website. Meanwhile, perhaps we just have to work on improving what VMC has got on the web.

[hazryder]

Edit: Everyone go on Fivver.com and find a Logo Designer (There's about a thousand of them). Ask them to design a VMC logo. Post them on here and I'll reimburse the one that would get used on the website + commission (Let's go with .5BTC currently)

This way we have a nice array of logos to choose from and they only cost $5! Can't go wrong

Not wanting to sound rude, but I urge people not to do this. Sure it seems great for us as we get a load of logos to choose from pretty cheap, but sites like Fiverr are devaluing the graphic design industry by taking jobs away from quality designers and giving them to kids who will whip something generic up in an afternoon.

If a kid can do the same work as a "kid in an afternoon" than why would we want to pay outrageous prices. If someone is willing to do quality work for $5 + Additional for full .PSD files/etc... who are you to tell them they can't/shouldn't?

I have a full web design firm for my business, they would charge me anywhere from 1/2 an hour to a full hour for Artwork ($110/Hr). I know what I get from them is top quality and worth the price, BUT if I just need a simple logo done or icon made I get it from Fiverr because for $5 a pop I can go through 10 different designers and have options available to me for the same price I'd pay for my web firm.

There will always be quality designers needed, but some things should/can/will be done by "Kids" for cheaper. That being said a lot of people that work on Fiverr are actually not kids and use it was a stepping stone to get new customers into their full graphic business.

For $5 you're going to be getting a slapped together PSD based off your initial brief with no consultations or revisions, and after all that you might not even be getting a vector image.

$5 Logos represent $5 businesses, I'd hope VMC values themselves higher than that.

[Pale Phoenix]

Yes hard to say what is accurate as the prices are possibly tainted on both exchanges, this seems like its a problem between Ukyo and Burnside however.

Im currently still looking for anybody who wants to swap my shares on Bitfunder for theirs on BTCT (max 4K with a nice fee)

I can't imagine why you think it involves Ukyo and Burnside at all.

The prices on both exchanges aren't "tainted," they are two different markets, with different supply and demand, because people paid very different amounts for their shares.

If you paid .0005 for shares on Bitfunder and are no longer happy with the company, selling for a very large profit now might make sense to you... although it doesn't to me, which is why I'm buying.

[ffssixtynine]

For $5 you're going to be getting a slapped together PSD based off your initial brief with no consultations or revisions, and after all that you might not even be getting a vector image.

$5 Logos represent $5 businesses, I'd hope VMC values themselves higher than that.

This is nothing to do with VMC, just to point that out. They don't want anything, they haven't asked for anything.

Outside of ActiveMining...

The $5 argument you give there doesn't work.

If people pay $5 and get what they need, that's the market. It's up to you to make yourself stand out, but you can't judge people for paying less, particularly if they are getting what they want.

You may not agree with this form of commoditisation but that's the global world we live in. Design agencies, app developers, software developers - we all have to deal with someone across the world doing it for a pittance, and sometimes really well.

[dexX7]

I actually miss the BitMine picture. It was pretty funky, but unique.

Edit:

I'm serious. It was cool! :/

[SoylentCreek]

I figured that I would take a crack at this.

[Pale Phoenix]

I actually miss the BitMine picture. It was pretty funky, but unique.

Edit:

I'm serious. It was cool! :/

Can't you just make it your wallpaper or something?

I admit that the artist's use of the anachronistic mining cave metaphor as entrance to an entirely digital world where all matter arises from, and is protected by, the benevolent eye of Slaughter, provides a deeply evocative and hopeful glimpse into ActM's truly unlimited future as the most prosperous of the 28nm kingdoms.

^ Utter rubbish. I'm happy to see it go.

[Ytterbium]

Here's my attempt at a logo:



Sticking with the "three boxes on top of eachother" theme.  It's a 3D model so you can pose it/light it however you want.   (It's still in the process of being rendered so it's pretty grainy at the moment)

[hazryder]

Here's my attempt at a logo:



Sticking with the "three boxes on top of eachother" theme.  It's a 3D model so you can pose it/light it however you want.   (It's still in the process of being rendered so it's pretty grainy at the moment)

It's nice work but not viable as a logo, it relies far too much on colour and detail and wouldn't work at a small size.

Nice 3D work though, very impressive.

[SoylentCreek]

Here's my attempt at a logo:

Sticking with the "three boxes on top of eachother" theme.  It's a 3D model so you can pose it/light it however you want.   (It's still in the process of being rendered so it's pretty grainy at the moment)

I could see this being implemented as banner artwork, but a logo typically needs to be vectorized.