[ActiveMining] The Official Active Mining Discussion Thread

[VolanicEruptor]

sooo why does burnside give moderator power to shareholders of a goofy litecoin company anyway?  What do they have to do with btct?

[1714909682]

1714909682

[VolanicEruptor]

oh shit i shouldn't be bashing them.. I meant... oh mighty, gracious litecoin-global shareholders 

[ArcticWolf]

oh shit i shouldn't be bashing them.. I meant... oh mighty, gracious litecoin-global shareholders 

+1 oh mighty overlords

[stslimited]

sooo why does burnside give moderator power to shareholders of a goofy litecoin company anyway?  What do they have to do with btct?

litecoin global is burnside's first exchange, btc global is a spinoff that is obviously more popular and more liquid in many cases

bitcoin global shares: the more exchange volume the more the dividends will be. ASICMiner, BASIC-MINING and then ActiveMining will be some interesting volume on the exchanges, especially with all the whales ActiveMining will have attracted

hope that helps

[kslaughter]

I have finished all the transfer that did not have any kind of problems.

I will go through all the transfers tomorrow that have any kind of problems and
try a resolve the problems.  I will email anyone that has transfers that I can
not resolve their problem.

This week dividends cut off for transfer will be 18:00 UTC on Tuesday due to
my trip to California on Wednesday.  Dividends will be paid again on Thursday
night.

Thanks for your patients as the work load has increased due to providing customer
service for VMC sales.

Ken

[VolanicEruptor]

*cringes at patience spelled as patients*
...thanks Ken...

[Addz]

As best I understand it Litecoin global was Burnside's first exchange and BTC-tc is his second.  BTC-tc is owned by Litecoin Global and as such significant shareholders in the Litecoin Global parent company get to vote on which stock/funds should be listed on the exchanges.

[redbeans2012]

Can anyone give any input to this thread.

https://bitcointalk.org/index.php?topic=260586.0

[zy02264]

AMC To ActiveMining Tender Offer Announcement

Please allow 24-48 hours for transfers to be completed.
Cutoff time for dividends to be paid to shares tendered is 18:00 UTC on Wednesday of each week

https://bitfunder.com/asset/ActiveMining Profile->Description


We are offering a minimum of 1 and a maximum of 10,000,000 AM Virtual shares of our
Active Mining Corporation a Belize International Business Company (“ AMC Belize”)
Shares (the "AMC Belize Shares") in exchange for  minimum of 1 and a maximum of
10,000,000 Active Mining Cooperative (“AMC Cooperative”) AMC Virtual Shares
(the “AMC Cooperative Shares”) on a one(1) for one(1) exchange.
Shares of AMC Cooperative will need to be tendered to AMC Belize.

Date:
Time:
Exchange: (Bitfunder or BTC-TC)
Exchange User Name:
Number Of Shares:

BTC-TC Users Bitfunder User Name:


On BitFunder.Com:

BITFUNDER INSTRUCTIONS START

1). Tender our AMC shares by pushing the shares to AMC-TENDER.
Your AMC shares will then be tendered for ActiveMining shares.
2).  Then email the above information to tender@activeminingcorp.com

BITFUNDER INSTRUCTIONS END


On BTCT.Co To Bitfunder shares:

BTC-TC INSTRUCTIONS START

1).  Tender your AMC-PT shares by pushing the shares to AMCTENDER1.
Your AMC-PT will then be transfered to Bitfunder, and then the shares will be tendered
for ActiveMining shares.  
2).  Then email the above information to tender@activeminingcorp.com

BTC-TC INSTRUCTIONS END


The cutoff time for dividends to be paid to shares tendered is 18:00 UTC on Wednesday of each week
If you expect dividends to be paid do not tender your shares after this time until the dividends are
paid for that week.  After the dividends are paid for the week you can then tender your shares.

This offer may be withdrawn at any time.  Any Tender Offers
not accepted will be returned with any accumulated dividends.

Tender Offers will be processed FIFO as fast as possible.

Tender Offer expires July 31, 2013

Hey Ken, thank you for your postings. I tried to exchange my AMC shares for ActiveMining on Bitfunder, but not sure how.

When you say tender them to AMC-TENDER, you mean that I need to transfer my shares to a username "AMC-TENDER", right? Or how to "tender" my shares? Thank you!

[ArcticWolf]

AMC To ActiveMining Tender Offer Announcement

Please allow 24-48 hours for transfers to be completed.
Cutoff time for dividends to be paid to shares tendered is 18:00 UTC on Wednesday of each week

https://bitfunder.com/asset/ActiveMining Profile->Description


We are offering a minimum of 1 and a maximum of 10,000,000 AM Virtual shares of our
Active Mining Corporation a Belize International Business Company (“ AMC Belize”)
Shares (the "AMC Belize Shares") in exchange for  minimum of 1 and a maximum of
10,000,000 Active Mining Cooperative (“AMC Cooperative”) AMC Virtual Shares
(the “AMC Cooperative Shares”) on a one(1) for one(1) exchange.
Shares of AMC Cooperative will need to be tendered to AMC Belize.

Date:
Time:
Exchange: (Bitfunder or BTC-TC)
Exchange User Name:
Number Of Shares:

BTC-TC Users Bitfunder User Name:


On BitFunder.Com:

BITFUNDER INSTRUCTIONS START

1). Tender our AMC shares by pushing the shares to AMC-TENDER.
Your AMC shares will then be tendered for ActiveMining shares.
2).  Then email the above information to tender@activeminingcorp.com

BITFUNDER INSTRUCTIONS END


On BTCT.Co To Bitfunder shares:

BTC-TC INSTRUCTIONS START

1).  Tender your AMC-PT shares by pushing the shares to AMCTENDER1.
Your AMC-PT will then be transfered to Bitfunder, and then the shares will be tendered
for ActiveMining shares.  
2).  Then email the above information to tender@activeminingcorp.com

BTC-TC INSTRUCTIONS END


The cutoff time for dividends to be paid to shares tendered is 18:00 UTC on Wednesday of each week
If you expect dividends to be paid do not tender your shares after this time until the dividends are
paid for that week.  After the dividends are paid for the week you can then tender your shares.

This offer may be withdrawn at any time.  Any Tender Offers
not accepted will be returned with any accumulated dividends.

Tender Offers will be processed FIFO as fast as possible.

Tender Offer expires July 31, 2013

Hey Ken, thank you for your postings. I tried to exchange my AMC shares for ActiveMining on Bitfunder, but not sure how.

When you say tender them to AMC-TENDER, you mean that I need to transfer my shares to a username "AMC-TENDER", right? Or how to "tender" my shares? Thank you!

You are correct, if your shares are on Bitfunder, send them to AMC-TENDER - that is Kens account. Send him the above details in an email and he will send you ActiveMining shares.

Be aware that it can take a little while

[kslaughter]

AMC To ActiveMining Tender Offer Announcement

Please allow 24-48 hours for transfers to be completed.
Cutoff time for dividends to be paid to shares tendered is 18:00 UTC on Wednesday of each week

https://bitfunder.com/asset/ActiveMining Profile->Description


We are offering a minimum of 1 and a maximum of 10,000,000 AM Virtual shares of our
Active Mining Corporation a Belize International Business Company (“ AMC Belize”)
Shares (the "AMC Belize Shares") in exchange for  minimum of 1 and a maximum of
10,000,000 Active Mining Cooperative (“AMC Cooperative”) AMC Virtual Shares
(the “AMC Cooperative Shares”) on a one(1) for one(1) exchange.
Shares of AMC Cooperative will need to be tendered to AMC Belize.

Date:
Time:
Exchange: (Bitfunder or BTC-TC)
Exchange User Name:
Number Of Shares:

BTC-TC Users Bitfunder User Name:


On BitFunder.Com:

BITFUNDER INSTRUCTIONS START

1). Tender our AMC shares by pushing the shares to AMC-TENDER.
Your AMC shares will then be tendered for ActiveMining shares.
2).  Then email the above information to tender@activeminingcorp.com

BITFUNDER INSTRUCTIONS END


On BTCT.Co To Bitfunder shares:

BTC-TC INSTRUCTIONS START

1).  Tender your AMC-PT shares by pushing the shares to AMCTENDER1.
Your AMC-PT will then be transfered to Bitfunder, and then the shares will be tendered
for ActiveMining shares.  
2).  Then email the above information to tender@activeminingcorp.com

BTC-TC INSTRUCTIONS END


The cutoff time for dividends to be paid to shares tendered is 18:00 UTC on Wednesday of each week
If you expect dividends to be paid do not tender your shares after this time until the dividends are
paid for that week.  After the dividends are paid for the week you can then tender your shares.

This offer may be withdrawn at any time.  Any Tender Offers
not accepted will be returned with any accumulated dividends.

Tender Offers will be processed FIFO as fast as possible.

Tender Offer expires July 31, 2013

Hey Ken, thank you for your postings. I tried to exchange my AMC shares for ActiveMining on Bitfunder, but not sure how.

When you say tender them to AMC-TENDER, you mean that I need to transfer my shares to a username "AMC-TENDER", right? Or how to "tender" my shares? Thank you!

Yes, do a transfer of your shares you wish to tender to AMC-TENDER, then send an email to tender@activeminingcorp.com with the information above.  I will then process your tender by verifying your tender shares, and then transferring the same number of shares of ActiveMining to you.

[MrThePlague]

Shares Received

Thanks so much Ken!

[canuck]

A friend of mine said that he got an email response from Ken telling him to send his username not his login name for bitfunder to have the share tendering process complete but are those not both the same thing?

[zy02264]

Thank you ArcticWolf! Thank you Ken! You rock!

[Matt_S]

A friend of mine said that he got an email response from Ken telling him to send his username not his login name for bitfunder to have the share tendering process complete but are those not both the same thing?

They are not, I use my email to logi, your username is listed up the top right on bitfunder.

[bigdude]

It seems emails sent to tender@activeminingcorp.com are not getting through.

Code:

This is an automatically generated Delivery Status Notification.

Delivery to the following recipients failed.

       kslaughter@axs.net




Final-Recipient: rfc822;kslaughter@axs.net
Action: failed
Status: 5.7.1
Diagnostic-Code: smtp;550 5.7.1 SPF unauthorized mail is prohibited.

...but my email IS authorized. It was solicited by kslaughter himself!

It's been 20 days and the tender@activeminingcorp.com email address is still bouncing emails making it impossible to successfully tender AMC shares for AM shares.

I PMd Ken on the forum back on the 10th when I first received the error and received no reply.
I posted here in this thread about the issue too.

I've emailed Ken about this and he replied stating that I should forward my request for tendering shares to tender@activeminingcorp.com so it can be processed there. Thanks Ken, but that doesn't work!

Has anyone else successfully swapped their AMC for AM shares via this email address?
Should I be worried?
Is there another way to make requests for share swaps that doesn't involve this borked email address?

I've missed out on at least two rounds of dividends now while my AMC shares are held by the 'tender' accounts on both BTCT and BitFunder.

Thanks for any assistance you can provide,

I sent my request in 3 days ago ... got my ActiveMining shares in my account today.

So yup, worked for me

[EskimoBob]

....

....

kslaughter,what is the proper way to calculate the actual outstanding shares of ActiveMining from those numbers?

kslaughter, how did you resolve the management shares issue? Will those shares be held as treasury stock on btctc or for now or are you going to use some type of special accounts, that do not receive the dividends.

One more question. Why do you keep pushing shares to Bitfunder and not to btct.co, while it lacks useful and important functionality and has lower trading volumes.

https://bitfunder.com/asset/AMC#pane_profile
Asset Name   AMC
Asset Issuer   AMC
Shares Total   100,000,000
Shares Issued   7,886,710 (changed by 1 000 000 form 8886710 to 7,886,710)
Pays Dividends   Yes
Issuer may Increase Shares:   No
Issuer may Modify Description:   Option not set.

https://bitfunder.com/asset/ActiveMining
Asset Name   ActiveMining
Asset Issuer   AMC
Shares Total   25,000,000
Shares Issued   6,176,329
Pays Dividends   Yes
Issuer may Increase Shares:   Yes, with vote.
Issuer may Modify Description:   Yes, without vote.

https://btct.co/security/AMC-PT
Outstanding 2924534 / 5000000 Issued

https://bitfunder.com/asset/AMC#pane_profile
Asset Name   AMC
Asset Issuer   AMC
Shares Total   100,000,000
Shares Issued   6,400,000 (changed by -1486710 7886710-6400000=1486710)
Pays Dividends   Yes
Issuer may Increase Shares:   No
Issuer may Modify Description:   Option not set.


Asset Name   ActiveMining
Asset Issuer   AMC
Shares Total   25,000,000
Shares Issued   5,600,815  (changed by -575514 6176329-5600815=575514)
Pays Dividends   Yes
Issuer may Increase Shares:   Yes, with vote.
Issuer may Modify Description:   Yes, without vote.

https://btct.co/security/AMC-PT
Outstanding 2924534 / 5000000 Issued

I have cleaned up the shares, and de-issued those that are not needed at this time. I believe this is where we are with the BTC-TC shares added in:  9,877,461

Sorry, but I am not sure what do you mean by "cleaning up" and "de-issue".

Only way you (I mean AMC and ActiveMining) or anyone else for that matter, can reduce the number of outstanding shares (aka "Shares Issued" in bitfunder) if issuer buys back the shares via exchange trading system. If there is another mechanism involved, can you please elaborate on this.

Because AMC/Activemining has still not managed to release a proper balance sheet, where we can see the shareholders equity and number of outstanding shares (usually added as a comment), we have no idea what actually happen.
 

..I believe this is where we are with the BTC-TC shares added in:  9,877,461

Your comment "I believe" about number of outstanding shares is not sounding too confident. I have asked you previously 3 times, how do you calculate the correct number of outstanding shares. Do you know how to do it?

(Thanks ffssixtynine, edit: Now, can freshly appointed ((n)ever voted?) board of directors comment on this interesting event?

Cheers!

Asset Name   AMC
Asset Issuer   AMC
Shares Total   100,000,000
Shares Issued   6,400,000
Pays Dividends   Yes
Issuer may Increase Shares:   No
Issuer may Modify Description:   Option not set.
https://bitfunder.com/asset/AMC#pane_profile


https://bitfunder.com/asset/ActiveMining
Asset Name   ActiveMining
Asset Issuer   AMC
Shares Total   25,000,000
Shares Issued   5,900,815 (changed by +300000 shares)
Pays Dividends   Yes
Issuer may Increase Shares:   Yes, with vote.
Issuer may Modify Description:   Yes, without vote.

Outstanding 2924534 / 5000000
https://btct.co/security/AMC-PT

I really like to understand, wtf is going on with bitfunder and changing share number.
Ken, stop avoiding my questions.
Cheers

[dexX7]

Very wild guess*: AMC decreased, because people sent their shares to tender. KS doesn't convert instantaneously and thus only AMC decreased, but ActM was steady.. Till the the point where he issues ActM shares for those AMC shares.

* I don't know if sending shares has any influence on the number of outstanding shares.

[Technologov]

On Bitfunder: AMC 6,400,000 +  (ActM) 5,600,815 = 12,000,085 issued shares.

The shares are equal, right ?
Plus we have about 5,000,000 issued shares on BTC-T, right ?

So how the company issued 17 million shares out of 10 million planned ?

[dexX7]

On Bitfunder: AMC 6,400,000 +  (ActM) 5,600,815 = 12,000,085 shares.

The shares are equal, right ?
Plus we have about 5,000,000 shares on BTC-T.

So how the company issued 17 million shares out of 10 million planned ?

In the end it should be 10M hold by shareholders, 15M hold by the (one of them lol) company itself. 10M is the relevant number for us. The picture is a bit disturbed, because those 17M contain "company" shares. << afaik!

Yes. Messy.