[ActiveMining] The Official Active Mining Discussion Thread

[lolstate]

Yes, better not exchange on MtGox - it would seems that no one has been able to withdraw for quite some time now.

OTC FTW if you can find someone with deep enough pockets!

Ben Bernanke.

[Stuartuk]

Just did a quick adding up of our funds.  Converted @ 93.40 we have ~$890,000, so I am going to add 500,000 shares to the wall.  We need funds to cover the 40-60 machines we are building, to finish paying for our prototypes, finish paying for the engineering of the prototypes, and some for general operating expenses.  Also, we need some room just in case the price of bitcoins goes down.

Would you confirm that you are going to sell roughly about 10k Bitcoin? When would that happen? Are you aware, that you won't get the current highest bid price, as such an amount (if sold as market order) would have a large spread? Or do you intend to place a 10k wall on 93.40?

Looking at the BTC monthly chart I would say price is in an area of indecision with possible resistance at $95 on mtGox quote. It could go down $10 over the next few days, and I would say that is slightly more likely than back up to $100 level, so a sale for fund-raising now would be a good idea. If I were selling 10k I would do so in small chunks over a period in order not to dip price. According to this order flow 200btc is a largish order.

http://bitcoin.clarkmoody.com/

[Ozymandias]

First mini wall up, and it's [essentially] gone within 3 minutes

[E.Sam]

Looks like Ken is selling on BTCT @ 0.0028

[Thalum]

So have all the shares now been sold or what? I'm debating whether to buy in for one last time. Have more shares been added to BF?

[FloatesMcgoates]

Edit: I dont think that is Kenneth's wall, the outstanding share count has not changed

[lolstate]

So.... is the wall going up or not?

Floates, you are a speculator. Ken can do whatever the heck he wants to benefit the company (and the long term shareholders).

I hope you make a lot of BTC, but there are a few things you need to know:

- your posts are giving insight into your tactics, this will be noted by other speculators who keep quiet on this forum, and it will necessarily limit your upside

- you don't seem to understand the purpose of an IPO. In ActM's case, it is to raise capital for the company, to execute on plans for the benefit of the long term share holders. It isn't for the benefit of speculators, ffs. Ken's actions will often be incongruent to your wishes, and the fact that you have railed against his actions more than once shows that you don't get it.

Anyhow, good luck.  

[wiak2]

Edit: I dont think that is Kenneth's wall, the outstanding share count has not changed

I think I saw the outstanding share count jump by 50,000 when it was put up, rather than increase with each buy.  Must be different since it's not the IPO maybe.

Edit: Just changed again, maybe for the next wall.

[FloatesMcgoates]

Edit: I dont think that is Kenneth's wall, the outstanding share count has not changed

I think I saw the outstanding share count jump by 50,000 when it was put up, rather than increase with each buy.  Must be different since it's not the IPO maybe.

Edit: Just changed again, maybe for the next wall.

Yeah I saw the outstanding share count change just now, I wonder where the next wall will be

[Ashitank]

Btct volume is just amazing 

[ffssixtynine]

So.... is the wall going up or not?

Floates, you are a speculator. Ken can do whatever the heck he wants to benefit the company (and the long term shareholders).

Well I'm in for the long term but you need both types of traders.

However, even as a long term shareholder I feel this was a poor move. You should be keeping the market on side, especially after such a successful day.

[vlaoou321]

Why are endless wall?

[neilol]

So.... is the wall going up or not?

Floates, you are a speculator. Ken can do whatever the heck he wants to benefit the company (and the long term shareholders).

Well I'm in for the long term but you need both types of traders.

However, even as a long term shareholder I feel this was a poor move. You should be keeping the market on side, especially after such a successful day.

Not going to get into it - but these shares absolutely should have been issued at .0025.

[lolstate]

So.... is the wall going up or not?

Floates, you are a speculator. Ken can do whatever the heck he wants to benefit the company (and the long term shareholders).

Well I'm in for the long term but you need both types of traders.

However, even as a long term shareholder I feel this was a poor move. You should be keeping the market on side, especially after such a successful day.

I agree speculation is good.

Really, I think after the buying we have seen today, there is no need to be concerned. The rest of the shares will be sold in a few hours and the IPO will be done. I'm totally ok with where we are and Ken's last few Asks. It's now time to kick back and enjoy the rest of the ride!

[vlaoou321]

Advice. How will complete the IPO?

[vlaoou321]

So.... is the wall going up or not?

Floates, you are a speculator. Ken can do whatever the heck he wants to benefit the company (and the long term shareholders).

Well I'm in for the long term but you need both types of traders.

However, even as a long term shareholder I feel this was a poor move. You should be keeping the market on side, especially after such a successful day.

I agree speculation is good.

Really, I think after the buying we have seen today, there is no need to be concerned. The rest of the shares will be sold in a few hours and the IPO will be done. I'm totally ok with where we are and Ken's last few Asks. It's now time to kick back and enjoy the rest of the ride!

Advice. How will complete the IPO? ``

[E.Sam]

So.... is the wall going up or not?

Floates, you are a speculator. Ken can do whatever the heck he wants to benefit the company (and the long term shareholders).

Well I'm in for the long term but you need both types of traders.

However, even as a long term shareholder I feel this was a poor move. You should be keeping the market on side, especially after such a successful day.

Not going to get into it - but these shares absolutely should have been issued at .0025.

Not necessarily, but I think the increment of shares' price should have been disclosed beforehand.  

[Ozymandias]

Advice. How will complete the IPO?

I would like an answer to this as well, what is the total additional (on top of what has already been sold in the various layers of IPO) number of shares that will be sold to the public?

[ffssixtynine]

I agree speculation is good.

Really, I think after the buying we have seen today, there is no need to be concerned. The rest of the shares will be sold in a few hours and the IPO will be done. I'm totally ok with where we are and Ken's last few Asks. It's now time to kick back and enjoy the rest of the ride!

It looks like he's handling it ok although I don't think it should have happened in the first place (and a few people have said the same to me outside of these forums). Pushing stock is something that should be done with diligence and respect to all shareholders.

[lolstate]

Pushing stock is something that should be done with diligence and respect to all shareholders.

Yes, but it is an art and it helps to have an investment bank doing it for you (sometimes, Zucks, lol).