[ActiveMining] The Official Active Mining Discussion Thread

[ArcticWolf]

I dont see any real walls anywhere. Did Ken end up putting any other walls up?

He said he was putting them up in small chunks.  They're all over the place.

I see a small wall on bitfunder and btc-tc of under 100k shares, but there is now way to know if those are Kens or not.

[lolstate]

The obvious conclusion is it would have been easier to pull off a scam and do a runner before now, than continue to the IPO stage and beyond. So we either have an incompetent group of scammers (would have been banged up by now), or a competent team who have successfully delivered the first tranche of a start up, yet are probably cursing the day they agreed to start out, lol.

I play online poker and there have been much more drawn out and much more elaborate scams when big amounts of money are at play. While your rationale is logical there's not much weight to it in this case as there is $1M+ at play. In the end only time will tell how AMC will pan out so we're all just speculating as to whether this is legit or not or if it will succeed.

There is plenty of weight to my rational. I didn't go into all the details with Effayy as to why I know ActM is the real deal, but then why should I? The IPO has been successful. The FUDsters lost their window of opportunity to sabotage it.

The important thing to do now, is for existent share holders to engage with new investors to address their concerns and steer them away from predators/wanna be traders who would take them for a ride.

[VolanicEruptor]

I dont see any real walls anywhere. Did Ken end up putting any other walls up?

He said he was putting them up in small chunks.  They're all over the place.

I see a small wall on bitfunder and btc-tc of under 100k shares, but there is now way to know if those are Kens or not.

I bet if we knew which walls are from Ken, people wouldn't be so scared to touch them.  Why is he so bad at this?

[lolstate]

I have no reason to lie.  I'm a shareholder and have verified that in the past.  I would have no reason to cut Ken's funding short by 50k shares. 

You just implied he could steal 50k shares from us. That would be quite a serious accusation, if made, which is why I asked.

How would we ever know?  Can you tell which shares are his?
He will account for the 50k now that I posted it, guaranteed.

Why are you changing the subject, care to answer me why you would consider such a serious accusation?

[kslaughter]

I have no reason to lie.  I'm a shareholder and have verified that in the past.  I would have no reason to cut Ken's funding short by 50k shares. 

You just implied he could steal 50k shares from us. That would be quite a serious accusation, if made, which is why I asked.

How would we ever know?  Can you tell which shares are his?
He will account for the 50k now that I posted it, guaranteed.

I will be posting 400,000 shares on BTC-TC @ .0025 and 100,000 shares on bitfunder @ .0025 sometime this weekend after the market has time to breath from the resent sales.

[wiak2]

The wall at .00265 is for sure Ken's.  Whenever someone buys into it the number of outstanding shares increases.

What pisses me off is he posted 50,000 at .0028 earlier and now is undercutting it with the rest of the shares.  Pretty lame, Ken.

[VolanicEruptor]

 

[ffssixtynine]

I play online poker and there have been much more drawn out and much more elaborate scams when big amounts of money are at play. While your rationale is logical there's not much weight to it in this case as there is $1M+ at play. In the end only time will tell how AMC will pan out so we're all just speculating as to whether this is legit or not or if it will succeed.

Why even entertain such nonsense?
The more you focus on negative outcomes, as so many people have seemed to flip to in here today, the more momentum you give the negative outcome.

Because it's a well known confidence trick - the long con - and this is a wonderful area and time to pull it off. Ken could walk away with a million bucks. That's a pretty good haul!

If you aren't keeping it in mind then frankly you shouldn't be investing. There is a real chance this could be a con, although I sincerely hope not! Asicminer could have been too. It wasn't Others have been. If I was playing the long con, I'd have done what ken did today (possibly bigger). That's why it looks bad from that point of view.

Any negatives today have come from an ipo mistake, not from people stirring.

I do find it funny that some people can be so blinkered one way or the other. I'm not for or against anything. This is a high risk investment and I'll do the necessary to mitigate my risks. That's what all the investors should be doing. And if you didn't invest, don't post here unless you are considering it.

If you invested, get those blinkers off. Whether you know it or not, you need these answers. It's your money given to some random dude on the Internet who doesn't have an unblemished record. Mitigate your risks by knowing the facts, and if they aren't forthcoming then you know something is wrong.

VE: I've not checked in the last hour or so but I think ken has done what he said.

[wiak2]

The wall at .00265 is for sure Ken's.  Whenever someone buys into it the number of outstanding shares increases. (Edit: and it's gone)

What pisses me off is he posted 50,000 at .0028 earlier and now is undercutting it with the rest of the shares.  Pretty lame, Ken.

[lolstate]

The obvious conclusion is it would have been easier to pull off a scam and do a runner before now, than continue to the IPO stage and beyond. So we either have an incompetent group of scammers (would have been banged up by now), or a competent team who have successfully delivered the first tranche of a start up, yet are probably cursing the day they agreed to start out, lol.

I play online poker and there have been much more drawn out and much more elaborate scams when big amounts of money are at play. While your rationale is logical there's not much weight to it in this case as there is $1M+ at play. In the end only time will tell how AMC will pan out so we're all just speculating as to whether this is legit or not or if it will succeed.

Why even entertain such nonsense?
The more you focus on negative outcomes, as so many people have seemed to flip to in here today, the more momentum you give the negative outcome.

BINGO!

That is the FUDsters new approach. The scam was discredited, now it is:

"Keep on chipping away with insinuation, negativity, make it ONE BIG DOWNER"

I'm listening to Yazz 'The Only Way is Up' on the iPod, so I might be immune to this.

[FloatesMcgoates]

HAHAhahahahaha

I bet all you "longers" are really regretting not selling above .0025 now that Ken has confirmed that 400,000 shares will be dumped at that price over the weekend.

[knybe]

HAHAhahahahaha

I bet all you "longers" are really regretting not selling above .0025 now that Ken has confirmed that 400,000 shares will be dumped at that price over the weekend.

hahahaha?

trollbox much?

[stslimited]

lolstate is correct, and this is exactly what I was eluding to:

either ActiveMining is a scam OR ActiveMining is a real company with real people

if ActiveMining is a scam, then that would - all hypothetically speaking - make ken a con man, and anything he says would be to instill confidence to perpetuate this, so there is really nothing he could say to rationalize the unknown expenses

if ActiveMining is a real company trying to do real things, then it is being run with poor judgement, which is equally a red flag

and this is all compounded by the fact that the poor judgement isn't new: over the last however many pages of this thread, we have worked out the problems with the original structure of this venture ( 3 entities in agreements and various levels of ownership with each other)

and now it is apparent we need to work out some issues with ActiveMining's charter to allow shareholders to vote on more things before they happen

This isn't FUD (fear uncertainty and doubt), this is a reflection on "wtf were you thinking when you originally structured this venture" and just when that is fixed its now "wtf are you doing with these ask walls"

[Pompobit]

I have no reason to lie.  I'm a shareholder and have verified that in the past.  I would have no reason to cut Ken's funding short by 50k shares. 

You just implied he could steal 50k shares from us. That would be quite a serious accusation, if made, which is why I asked.

How would we ever know?  Can you tell which shares are his?
He will account for the 50k now that I posted it, guaranteed.

I will be posting 400,000 shares on BTC-TC @ .0025 and 100,000 shares on bitfunder @ .0025 sometime this weekend after the market has time to breath from the resent sales.

what about the 50k shares volcanicerupter said?

[kslaughter]

lolstate is correct, and this is exactly what I was eluding to:

either ActiveMining is a scam OR ActiveMining is a real company with real people

if ActiveMining is a scam, then that would - all hypothetically speaking - make ken a con man, and anything he says would be to instill confidence to perpetuate this, so there is really nothing he could say to rationalize the unknown expenses

if ActiveMining is a real company trying to do real things, then it is being run with poor judgement, which is equally a red flag

and this is all compounded by the fact that the poor judgement isn't new: over the last however many pages of this thread, we have worked out the problems with the original structure of this venture ( 3 entities in agreements and various levels of ownership with each other)

and now it is apparent we need to work out some issues with ActiveMining's charter to allow shareholders to vote on more things before they happen

This isn't FUD (fear uncertainty and doubt), this is a reflection on "wtf were you thinking when you originally structured this venture" and just when that is fixed its now "wtf are you doing with these ask walls"

I would be happy to put a board together as soon as we get over the next few months.  I would suggest a 7 member board.

[FloatesMcgoates]

HAHAhahahahaha

I bet all you "longers" are really regretting not selling above .0025 now that Ken has confirmed that 400,000 shares will be dumped at that price over the weekend.

hahahaha?

trollbox much?

Yeah ill be leaving for that trollbox now, i've made my profit here. You religiously devout Ken believers can have a couple pages of this thread without worrying about me spreading "FUD", as there is no longer any profit opportunity here for at least another couple weeks. Good luck with the new wall!

[lolstate]

There is a real chance this could be a con, although I sincerely hope not!

Man, this is the day satire died.  

[ffssixtynine]

I will be posting 400,000 shares on BTC-TC @ .0025 and 100,000 shares on bitfunder @ .0025 sometime this weekend after the market has time to breath from the resent sales.

That's a start, but:

Are you saying you haven't posted any more since the original ipo, sold 0 shares since then and not put up any share walls?

Also, you need to specify a date and time. You can't just make it up, that's manipulation again and hurts shareholders. The market needs knowledge and you're not giving it to them. Actually this is worse because they know 'cheap' shares are going to be dumped and they don't know when.

In particular, you're now issuing at a rate below what some people have been buying at - they are not going to be happy. They bought in on the understanding that the ipo was done and you've issued a news release saying as much. Suddenly they are going to see you issue more shares at the original purchase price?

People who bought the original ipo may have sold other holdings at below value to ensure they got in on the ipo (I saw some people clearly do this and I did myself to a small extent).

Really, this 500k needs to be a few days away and at market rate at the time subject to a minimum amount. That's fair on everyone and allows the market to operate.

[Stuartuk]

I play online poker and there have been much more drawn out and much more elaborate scams when big amounts of money are at play. While your rationale is logical there's not much weight to it in this case as there is $1M+ at play. In the end only time will tell how AMC will pan out so we're all just speculating as to whether this is legit or not or if it will succeed.

Why even entertain such nonsense?
The more you focus on negative outcomes, as so many people have seemed to flip to in here today, the more momentum you give the negative outcome.

Because it's a well known confidence trick - the long con - and this is a wonderful area and time to pull it off. Ken could walk away with a million bucks. That's a pretty good haul!

If you aren't keeping it in mind then frankly you shouldn't be investing. There is a real chance this could be a con, although I sincerely hope not! Asicminer could have been too. It wasn't Others have been. If I was playing the long con, I'd have done what ken did today (possibly bigger). That's why it looks bad from that point of view.

Any negatives today have come from an ipo mistake, not from people stirring.

I do find it funny that some people can be so blinkered one way or the other. I'm not for or against anything. This is a high risk investment and I'll do the necessary to mitigate my risks. That's what all the investors should be doing. And if you didn't invest, don't post here unless you are considering it.

If you invested, get those blinkers off. Whether you know it or not, you need these answers. It's your money given to some random dude on the Internet who doesn't have an unblemished record. Mitigate your risks by knowing the facts, and if they aren't forthcoming then you know something is wrong.

VE: I've not checked in the last hour or so but I think ken has done what he said.

We have Kens picture, his address and info from several of his historic web companies.

The risk involved is not worth 1millUSD. Ken wouldn't last a month before the fbi had him. ergo not a scam.

[ffssixtynine]

No I don't think it is or I wouldn't have invested

But people do disappear, it's not quite that simple!