[ActiveMining] The Official Active Mining Discussion Thread

[crumbs]

Is the reason Ken feels no obligation to produce any numbers, is because of the wording of part of the contract.....

"The global ActiveMining's income, including mining income, hardware sales via bitcoins, other cryptocoins and fiat transferred to bitcoins, will be paid to ActiveMining shareholders proportionally, after all manufacturing, maintenance, labor costs, R&D, growth and miscellaneous expenses are deducted."

Can the board/Ken confirm or deny, that any hardware sales paid in fiat, is NOT going to be paid as dividends?  

Since you, as a stockholder, have no access to Ken's ledgers, and maintenance, labor & miscellaneous expenses are undefined, be happy with whatever Ken choses to give you, pl0x.  This is a bad time to be poring over payout details of a virtual identity from Belize.  Burnside has taken great pains to warn you:  don't take his game server seriously

[1714715892]

1714715892

[Mutated btc]

Can you guys tell me what is going on here ? I haven't read anything for days/weeks.

ActM in bifunder crashed

[AngelSky]

Can you guys tell me what is going on here ? I haven't read anything for days/weeks.

ActM in bifunder crashed

Why ?

[kingcrimson]

The Cointerra news is a bit frustrating, because all along they have been spamming the internet and we've all been saying ActM needs to do the same. Now look how much it paid off for them.

[Mutated btc]

Can you guys tell me what is going on here ? I haven't read anything for days/weeks.

ActM in bifunder crashed

Why ?

dont know, some one posted and i checked it, then soon, people started sell in btct,  its matter of time people will start waking up for morning and then more crash

[SoylentCreek]

The Cointerra news is a bit frustrating, because all along they have been spamming the internet and we've all been saying ActM needs to do the same. Now look how much it paid off for them.

Ahem... Marketing.

I'll go sit back down now.

[drawingthesun]

The Cointerra news is a bit frustrating, because all along they have been spamming the internet and we've all been saying ActM needs to do the same. Now look how much it paid off for them.

But we don't need marketing because good old fashioned engineering is enough! /s

Sometimes I hate engineers, even though I study engineering. Some of them can be so daft and have an ego the size of a planet.

Guess what? Marketing and advertising matters. Fact.

[SoylentCreek]

The Cointerra news is a bit frustrating, because all along they have been spamming the internet and we've all been saying ActM needs to do the same. Now look how much it paid off for them.

But we don't need marketing because good old fashioned engineering is enough! /s

Sometimes I hate engineers, even though I study engineering. Some of them can be so daft and have an ego the size of a planet.

Guess what? Marketing and advertising matters. Fact.

YAY!  I found someone who agrees with me!  Can we be friends?

[deizel]

The global AMC Belize income, including mining income, hardware sales (via bitcoins, other cryptocoins and fiat (transferred to bitcoins)), will be paid to ActiveMining shareholders proportionally

Emphasis mine.

[creativex]

Isn't the "contract" on BF editable without a shareholder vote anyway? What does the wording matter if one party can just change it without the other party's consent?

[BitcoinForumator]

ACTM at .0029 ...fuck

begin rant:

I have held my tongue long enough. I am fed up with Ken's inept sense of decent communication (beyond a few grunts here and there) and his awful sense of design and marketing. That logo is third rate at best. If that bloody awful site is doing so goddamn well; WHERE ARE THE FUCKING NUMBERS?! As funders (I won't call us shareholders anymore for obvious reasons) of this little experimental venture we have a right to know.

At this point, my FUD is that ACTM will not gain momentum again because of competition and difficulty AND the fact that for whatever reason, Ken refuses to do trade magazine type PR to get the word out AND and to tell us current state of progress. I am frustrated that Actm and vmc are never even mentioned in the news the way other companies are. At this point Ken may have funded and built his company for free off our backs. It doesn't seem to matter to Ken if the stock evaporates. He doesn't own any. So frustrated right now. All Ken (or someone in the know) has to do is tell us and the world what progress he is making. But day after day it's silence and the confidence drizzles away to nothing as he seems too socially inept to know how to communicate.

Unless no news really is bad news.

end rant.

+ 10

[SoylentCreek]

Isn't the "contract" on BF editable without a shareholder vote anyway? What does the wording matter if one party can just change it without the other party's consent?

Yup.

Issuer may Modify Description:   Yes, without vote.

[bbxx]

lets say EASIC chip is much worse than competition
sales will be null

1m usd or more wasted

then ken will liquidate assets (old cases for avalons and avalons) and finally payment will be one satoishi per share.
i forgot about 1400BTC from bitsyncom, he will say that he was hacked and it is not his fault.

sorry

[stereotype]

Isn't the "contract" on BF editable without a shareholder vote anyway? What does the wording matter if one party can just change it without the other party's consent?

Yup.

Issuer may Modify Description:   Yes, without vote.

Yep. It seems price, will be forever dictated by, and because of, ONE man. Scary thought.

A parallel: I was round a fellow bitcoiners house on Sunday gone. He put a Virtual headset on my head and said "just watch and do nothing". It was a roller-coaster simulation. It amazed me how hard it was to fight the queasiness felt, at the peaks and troughs. It was fun, but i didn't enjoy it........!

Strong stomachs needed yonder. 

[kslaughter]

Is the reason Ken feels no obligation to produce any numbers, is because of the wording of part of the contract.....

"The global ActiveMining's income, including mining income, hardware sales via bitcoins, other cryptocoins and fiat transferred to bitcoins, will be paid to ActiveMining shareholders proportionally, after all manufacturing, maintenance, labor costs, R&D, growth and miscellaneous expenses are deducted."

Can the board/Ken confirm or deny, that any hardware sales paid in fiat, is NOT going to be paid as dividends?  

Are you joking? So Ken has a loophole that allows him to pocket profits via a word in the document?

Ken this is so low, now you sound like a lawyer.

I have the feeling this asset is over.

All income from sales of hardware and anything else that VMC gets income on will be included in the profit calculation.

[SoylentCreek]

Is the reason Ken feels no obligation to produce any numbers, is because of the wording of part of the contract.....

"The global ActiveMining's income, including mining income, hardware sales via bitcoins, other cryptocoins and fiat transferred to bitcoins, will be paid to ActiveMining shareholders proportionally, after all manufacturing, maintenance, labor costs, R&D, growth and miscellaneous expenses are deducted."

Can the board/Ken confirm or deny, that any hardware sales paid in fiat, is NOT going to be paid as dividends? 

Are you joking? So Ken has a loophole that allows him to pocket profits via a word in the document?

Ken this is so low, now you sound like a lawyer.

I have the feeling this asset is over.

All income from sales of hardware and anything else that VMC gets income on will be included in the profit calculation.

"The global ActiveMining's income, including mining income, hardware sales via fiat currencies, bitcoins, other cryptocoins and fiat transferred to bitcoins, will be paid to ActiveMining shareholders proportionally, after all manufacturing, maintenance, labor costs, R&D, growth and miscellaneous expenses are deducted."

FTFY

[kslaughter]

ACTM at .0029 ...fuck

begin rant:

I have held my tongue long enough. I am fed up with Ken's inept sense of decent communication (beyond a few grunts here and there) and his awful sense of design and marketing. That logo is third rate at best. If that bloody awful site is doing so goddamn well; WHERE ARE THE FUCKING NUMBERS?! As funders (I won't call us shareholders anymore for obvious reasons) of this little experimental venture we have a right to know.

At this point, my FUD is that ACTM will not gain momentum again because of competition and difficulty AND the fact that for whatever reason, Ken refuses to do trade magazine type PR to get the word out AND and to tell us current state of progress. I am frustrated that Actm and vmc are never even mentioned in the news the way other companies are. At this point Ken may have funded and built his company for free off our backs. It doesn't seem to matter to Ken if the stock evaporates. He doesn't own any. So frustrated right now. All Ken (or someone in the know) has to do is tell us and the world what progress he is making. But day after day it's silence and the confidence drizzles away to nothing as he seems too socially inept to know how to communicate.

Unless no news really is bad news.

end rant.

+ 10

 We will be releasing P&L for this quarter by the end of October.

[matuszed]

ACTM at .0029 ...fuck

begin rant:

I have held my tongue long enough. I am fed up with Ken's inept sense of decent communication (beyond a few grunts here and there) and his awful sense of design and marketing. That logo is third rate at best. If that bloody awful site is doing so goddamn well; WHERE ARE THE FUCKING NUMBERS?! As funders (I won't call us shareholders anymore for obvious reasons) of this little experimental venture we have a right to know.

At this point, my FUD is that ACTM will not gain momentum again because of competition and difficulty AND the fact that for whatever reason, Ken refuses to do trade magazine type PR to get the word out AND and to tell us current state of progress. I am frustrated that Actm and vmc are never even mentioned in the news the way other companies are. At this point Ken may have funded and built his company for free off our backs. It doesn't seem to matter to Ken if the stock evaporates. He doesn't own any. So frustrated right now. All Ken (or someone in the know) has to do is tell us and the world what progress he is making. But day after day it's silence and the confidence drizzles away to nothing as he seems too socially inept to know how to communicate.

Unless no news really is bad news.

end rant.

+ 10

As a matter of fact, I have purchase a number of shares on the open market.  I am also purchasing shares how for my own account.  We will be releasing P&L for this quarter by the end of October.

The Buyback.

[EskimoBob]

All income from sales of hardware and anything else that VMC gets income on will be included in the profit calculation.

when will we see the sales figures and the rest of the fin statements?
This waiting is getting ridiculous. And no, it's not covered by eASIC NDA.

Do you have a CPA?
Did you hire a real PR and marketing guy to take care of the marketing?
Has Advisory board "left the building" or are they still active?
Why is there nothing about Actm hardware in mining subforums?

Cheers!

[EskimoBob]

FFS man, now you are insider trading too?
This is how you build trust? Really?