[ActiveMining] The Official Active Mining Discussion Thread

[drawingthesun]

I respect you - but if he didn't intend to be scammy he isn't intelligent enough to be in charge of shareholder funds period. this is crazy guys - why arent you up in arms about this? aren't you aware of the implications - he does this he will do whatever he wants.

Go home dude you're not invested.

Its the most stupid thing to say I know. Also we are up in arms can't you tell?

[1714718437]

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[1714718437]

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[drawingthesun]

btw what does P&L stand for

http://www.investopedia.com/terms/p/plstatement.asp

[TMAN]

I respect you - but if he didn't intend to be scammy he isn't intelligent enough to be in charge of shareholder funds period. this is crazy guys - why arent you up in arms about this? aren't you aware of the implications - he does this he will do whatever he wants.

Go home dude you're not invested.

Its the most stupid thing to say I know. Also we are up in arms can't you tell?

you had plenty to say in the Labcoin thread earlier - why cant I educate some of the people here who obviously aren't aware of the severity of your CEO's words and subsequent cover up of what he posted?

[Mutated btc]

I respect you - but if he didn't intend to be scammy he isn't intelligent enough to be in charge of shareholder funds period. this is crazy guys - why arent you up in arms about this? aren't you aware of the implications - he does this he will do whatever he wants.

Go home dude you're not invested.

Its the most stupid thing to say I know. Also we are up in arms can't you tell?

you had plenty to say in the Labcoin thread earlier - why cant I educate some of the people here who obviously aren't aware of the severity of your CEO's words and subsequent cover up of what he posted?

my eye's did pop when i saw he deleted the post, yet im weak, cant do anything

edit: maybe he wanted be part of us etc, and he didnt think before hand

[drawingthesun]

you had plenty to say in the Labcoin thread earlier - why cant I educate some of the people here who obviously aren't aware of the severity of your CEO's words and subsequent cover up of what he posted?

I post in Labcoin because I hold a position in Labcoin. I post here because I hold a position in Active Mining.

What Ken has done goes both ways, one hand its insider trading, on the other hand it signals that the CEO is confident in his company.

[ffssixtynine]

Look can you at least clarify, if the company has used company funds to buy back shares those shares get destroyed thus increasing the ratio/value of all outstanding shares (This is what happens in real life, a company doesn't hold its own shares, a share buyback destroys the shares. Apple did this a few times)

First thing I asked. When I know I'll say.

[Pale Phoenix]

I respect you - but if he didn't intend to be scammy he isn't intelligent enough to be in charge of shareholder funds period. this is crazy guys - why arent you up in arms about this? aren't you aware of the implications - he does this he will do whatever he wants.

Go home dude you're not invested.

Its the most stupid thing to say I know. Also we are up in arms can't you tell?

you had plenty to say in the Labcoin thread earlier - why cant I educate some of the people here who obviously aren't aware of the severity of your CEO's words and subsequent cover up of what he posted?

Wow, just wow. CEO's buy and sell shares all the fucking time. It's not illegal AT ALL if there is disclosure. The guy just disclosed he thinks the stock is a buy and you want to tar and feather him. LAME.

Edit: Not to mention, if any of these companies want to trade on inside information it is impossible to stop and they would presumably not disclose it and use an anonymous exchange account.

[drawingthesun]

my eye's did pop when i saw he deleted the post, yet im weak, cant do anything

edit: maybe he wanted be part of us etc, and he didnt think before hand

What post did I delete? Or are you talking about someone else?

[iCEBREAKER]

I didn't know about any of this, so a couple of things.

- I've asked someone who does know their shit to post how it works with regular IPOs because those running around shouting illegal/insider trading are apparently not quite right. It's also not unusual within Bitcoin to say the least (I'm not saying it's right).

- I'm awaiting a response from Ken BUT I know it would be a very typical thing for him to do & post because he wanted to show that he does have confidence in the company, and he thinks that is how people will see it.

I'm 99.99% certain this wasn't a scammy move. I've been dealing with Ken long enough to know how his mind works and it isn't like this.

The real problem here is the share price, lack of communication, etc etc. This was a match for a lot of dry wood.

I respect you - but if he didn't intend to be scammy he isn't intelligent enough to be in charge of shareholder funds period. this is crazy guys - why arent you up in arms about this? aren't you aware of the implications - he does this he will do whatever he wants.

TMAN, you have to realize we're dealing with brainwashed cult members here, not rational actors.

They won't listen to facts WRT their crappy 20GH ASIC-SX vs the real (full custom) chips that will be shipping in the same timeframe.

They won't listen to the market, clinging to the BTCT price even when it's obviously inflated by the artificial scarcity of shares there.

They interpret anything and everything that happens as 'Moar Good News!  Great Company!  Buy Cheap Shares!'

Confirmation bias run amok!  Clap louder and cheer more, or else you are an evil troll who needs to be shunned/ignored/reviled.   

I told them to get out weeks ago.  They had every opportunity to sell at 0.0045, but they preferred to bet against iCEBREAKER.  What fools!   

[TMAN]

you had plenty to say in the Labcoin thread earlier - why cant I educate some of the people here who obviously aren't aware of the severity of your CEO's words and subsequent cover up of what he posted?

I post in Labcoin because I hold a position in Labcoin. I post here because I hold a position in Active Mining.

What Ken has done goes both ways, one hand its insider trading, on the other hand it signals that the CEO is confident in his company.

are you stupid as well? withholding information & trading on that information. this means he is stealing from shareholders, why aren't you more angry? just because he is the CEO doesn't mean he should be using that information to his advantage while not passing the same information to shareholders.

[matuszed]

Lotta hate going around about this "insider trading issue."  First off if you didn't notice were in BTC land so its not like SEC jurisdiction matter but if we use them for a guide this is what it states.

Insiders trade stock  a LOT. A lot of higher ups have a substantial portion of their net worth in the underlying equity for the company they work for.  That being said when insiders trade large blocks of stock they have to submit a form with the SEC which can be found on edgar http://www.sec.gov/edgar.shtml .  If you look through some popular companies there are a lot of these kind of filings.  Since edgar is hard to manage Yahoo has an aggregated one and here is insider transactions for MSFT http://finance.yahoo.com/q/it?s=MSFT .  You'll see a lot of gates on there obviously.

What ken did by buying shares would not be illegal in the real world he would just have to file his actions with the sec which he obviously cant do in BTC land.  What would be considered illegal would be if ken knew that ACTM was purchasing LC for example, im making this up, and bought up tons of shares of LC before the news was public.

All this being said it is usually considered a bullish bet that if the CEO is buying shares that he believes the company is mispriced and cheap

[crumbs]

...
I'm 99.99% certain this wasn't a scammy move. ...

Good enough for me

Crumbs please leave, you are not invested and not helping.

Not helping who, exactly?

[Pale Phoenix]

you had plenty to say in the Labcoin thread earlier - why cant I educate some of the people here who obviously aren't aware of the severity of your CEO's words and subsequent cover up of what he posted?

I post in Labcoin because I hold a position in Labcoin. I post here because I hold a position in Active Mining.

What Ken has done goes both ways, one hand its insider trading, on the other hand it signals that the CEO is confident in his company.

are you stupid as well? withholding information & trading on that information. this means he is stealing from shareholders, why aren't you more angry? just because he is the CEO doesn't mean he should be using that information to his advantage while not passing the same information to shareholders.

You are silly and so off base it boggles the mind. Take a deep breath and compose yourself. LOL

[EskimoBob]

I didn't know about any of this, so a couple of things.

- I've asked someone who does know their shit to post how it works with regular IPOs because those running around shouting illegal/insider trading are apparently not quite right. It's also not unusual within Bitcoin to say the least (I'm not saying it's right).

- I'm awaiting a response from Ken BUT I know it would be a very typical thing for him to do & post because he wanted to show that he does have confidence in the company, and he thinks that is how people will see it.

I'm 99.99% certain this wasn't a scammy move. I've been dealing with Ken long enough to know how his mind works and it isn't like this.

The real problem here is the share price, lack of communication, etc etc. This was a match for a lot of dry wood.

Look can you at least clarify, if the company has used company funds to buy back shares those shares get destroyed thus increasing the ratio/value of all outstanding shares (This is what happens in real life, a company doesn't hold its own shares, a share buyback destroys the shares. Apple did this a few times)

No, those shares become a treasury stock - shares that have no rights for dividends, voting etc.
But yes, this actually increases the value of other shareholders but only, if those shares are bought back below book value.

Ken used his own coin and account, separate form Actm a.k.a issuer account. At least in btctm because the number of outstanding shares is the same as before.

[drawingthesun]

you had plenty to say in the Labcoin thread earlier - why cant I educate some of the people here who obviously aren't aware of the severity of your CEO's words and subsequent cover up of what he posted?

I post in Labcoin because I hold a position in Labcoin. I post here because I hold a position in Active Mining.

What Ken has done goes both ways, one hand its insider trading, on the other hand it signals that the CEO is confident in his company.

are you stupid as well? withholding information & trading on that information. this means he is stealing from shareholders, why aren't you more angry? just because he is the CEO doesn't mean he should be using that information to his advantage while not passing the same information to shareholders.

I agree and have asked for clarification. Its up to Ken to right this, explain what he meant and why he did it. Am I angry? Yeah, at both these companies. I feel like a bagholder as every hour passes. This is my first time investing so lets just say its been very educational. I am hoping to eventually profit but this goal does seem to keep moving further and further away.

[TMAN]

I didn't know about any of this, so a couple of things.

- I've asked someone who does know their shit to post how it works with regular IPOs because those running around shouting illegal/insider trading are apparently not quite right. It's also not unusual within Bitcoin to say the least (I'm not saying it's right).

- I'm awaiting a response from Ken BUT I know it would be a very typical thing for him to do & post because he wanted to show that he does have confidence in the company, and he thinks that is how people will see it.

I'm 99.99% certain this wasn't a scammy move. I've been dealing with Ken long enough to know how his mind works and it isn't like this.

The real problem here is the share price, lack of communication, etc etc. This was a match for a lot of dry wood.

Look can you at least clarify, if the company has used company funds to buy back shares those shares get destroyed thus increasing the ratio/value of all outstanding shares (This is what happens in real life, a company doesn't hold its own shares, a share buyback destroys the shares. Apple did this a few times)

No, those shares become a treasury stock - shares that have no rights for dividends, voting etc.
But yes, this actually increases the value of other shareholders but only, if those shares are bought back below book value.

Ken used his own coin and account, separate form Actm a.k.a issuer account. At least in btctm because the number of outstanding shares is the same as before.

no he used active funds & said he will continue on his own account. where are the financial reports? where is the information on the refund & what he is doing with them?

[kslaughter]

For transparency I own 98,053 shares with an average price of ~.0034 BTC.
which I purchased with my own BTC.

In the future, I will announce on this thread my total number of shares owned
within 10 days after I purchase shares.

[drawingthesun]

For transparency I own 98,053 shares with an average price of ~.0034 BTC.

In the future, I will announce on this thread my total number of shares owned
within 10 days after I purchase shares.

Thanks Ken.

May I ask, how comes you have so few shares in the company? Don't most founders own a decent % of the company?

[TMAN]

For transparency I own 98,053 shares with an average price of ~.0034 BTC.
which I purchased with my own BTC.

In the future, I will announce on this thread my total number of shares owned
within 10 days after I purchase shares.

please supply details on your last 20 trades please. Times & values, please prove me wrong on my thoughts of you being scammy here.

[ffssixtynine]

For transparency I own 98,053 shares with an average price of ~.0034 BTC.

In the future, I will announce on this thread my total number of shares owned
within 10 days after I purchase shares.

Thanks Ken.

May I ask, how comes you have so few shares in the company? Don't most founders own a decent % of the company?

He has 15 million!