joele
Legendary
 Offline
Activity: 1022
Merit: 1000
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July 31, 2013, 11:59:16 PM |
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Hello all! I just wanted to pass along a few updates while I am onsite meeting with the engineering firm regarding the Avalon clones. First though, I would like to apologize for the delay on transferring the shares from AMC-TENDER back into your accounts on BitFunder as ActiveMining shares. It has been a hectic week(s) and I have not had time to get these processed. I am planning on having all of the tendered shares in AMC-TENDER out the door by end of business Friday along with dividends after the transfer. I cannot get to these until Friday because I am still on the west coast finalizing some orders of business with the engineers on the prototypes.
Remaining shares that are not in the AMC-TENDER account:
I have talked to Ukyo, hopefully, regarding the remaining shares on AMC BitFunder, and what we can do to get them automatically processed and transferred over to ActiveMining. At this point, I would like to request that no one else sends me their AMC shares to AMC-TENDER, so that they can all be converted automatically. I will manually tender any remaining shares in the queue before then as well so no one is left behind.
Good, thanks! Now its time for me to buy more cheaper shares. |
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Surprise
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August 01, 2013, 12:05:38 AM |
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While I condemn Ken blowing a deadline he himself stated, and have shares locked up myself, I think that given the events of the past week or so we should not cry over spilt milk. Ken is proving himself to be a very adept player at this bitcoin mining game and he has made a lot of people here considerably wealthier. I think some gratitude is in order given everything this man has done not only this past week, but since the beginning back in April. Lets not forget who is in the arena and who is merely in the bleachers.
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zumzero
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August 01, 2013, 12:40:00 AM |
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Thanks for the eventual update Ken and I accept your apology. I hope you can accept my apology too for my tone and language directed towards you. In the future though, don't say you are going to do something if you have no intention of doing it, just give it to us straight, even if it it's news we don't want to hear.
Good to have you back Mab and I look forward to your future contributions.  |
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chsados
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August 01, 2013, 01:13:28 AM |
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Thanks for the eventual update Ken and I accept your apology. I hope you can accept my apology too for my tone and language directed towards you. In the future though, don't say you are going to do something if you have no intention of doing it, just give it to us straight, even if it it's news we don't want to hear.
Mabsark will be transferring 250 shares of ActiveMining to me (bitfunder: smswanso) once tendered by Ken as per a trade. Just a PSA  Made a deal with chsados to exchange 150 Labcoin shares for 250 ActM shares.
Confirmed, AUCTION CLOSED And proof for posterity's sake  |
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Panterino
Member
Offline
Activity: 70
Merit: 10
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August 01, 2013, 03:10:11 AM |
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You guys realize given Ken's most recent news this stock is massively undervalued, right?
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N_S
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August 01, 2013, 03:20:18 AM |
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You guys realize given Ken's most recent news this stock is massively undervalued, right?
Just out of curiosity, why do you believe it's undervalued? I'd love to agree with you, but I'm interested in what you're using to inform that position. |
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torbank
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August 01, 2013, 03:27:43 AM |
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You guys realize given Ken's most recent news this stock is massively undervalued, right?
His update does imply significant progress, does it not? |
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N_S
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August 01, 2013, 03:33:37 AM |
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You guys realize given Ken's most recent news this stock is massively undervalued, right?
His update does imply significant progress, does it not? I'd argue it implies progress, but how do you justify using "significant" as a qualifier? |
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mannybitcoins
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August 01, 2013, 03:33:58 AM |
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You guys realize given Ken's most recent news this stock is massively undervalued, right?
His update does imply significant progress, does it not? More like very slight progress...he is doing as is expected. |
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somestranger
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August 01, 2013, 03:40:18 AM |
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Big news is ahead for ActiveMining. The increased Bitcoin price is going to accelerate the rate at which the funds can be converted to pay for the NRE (and may even leave some extra to be reinvested). At this rate it's only a matter of days until the NRE is paid and eASIC posts a press release on their website for all to see. Then soon enough we will also have our avalon clones start hashing and get to 6TH/s in the next few weeks.
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Exocyst
Sr. Member
Offline
Activity: 266
Merit: 250
Science!
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August 01, 2013, 03:46:10 AM |
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You guys realize given Ken's most recent news this stock is massively undervalued, right?
Depends on what you value: - Current Hashrate (overvalued)
- Future Hashrate (undervalued)
Shares are worth what people are willing to pay for them. i.e. the question of value is illusoryA better way of phrasing the question is: Does Ken's news increase the value proposition of holding ActM?Answer: yes, but I propose careful investors & potential investors are waiting for two specific things: - An increase in Current Hashrate
- Press release from eASIC regarding partnership with Virtual Mining Corporation LLC (Hardware branch of ActiveMining)
Cheers ActiveMiners! |
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torbank
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August 01, 2013, 03:54:42 AM |
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You guys realize given Ken's most recent news this stock is massively undervalued, right?
His update does imply significant progress, does it not? I'd argue it implies progress, but how do you justify using "significant" as a qualifier? sig·nif·i·cant important; of consequence. |
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N_S
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August 01, 2013, 03:57:33 AM |
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sig·nif·i·cant
important; of consequence.
Hm, it doesn't bode well for your credibility when you mistake me asking why you decide to use a certain qualifier, for the definition of that qualifier.  |
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VolanicEruptor
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August 01, 2013, 04:06:54 AM |
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Be nice to eachother, don't make me put up another 50k wall.  |
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N_S
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August 01, 2013, 04:09:51 AM |
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Be nice to eachother, don't make me put up another 50k wall. VE, I'll make you a deal: you transfer me 2289 ActM shares and I'll say 'thank you' Fair? |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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August 01, 2013, 04:10:31 AM |
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Be nice to eachother, don't make me put up another 50k wall. In drug addict voice with knife in hand I'll nom it I swear I'll nom on it XD |
Believing in Bitcoins and it's ability to change the world
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VolanicEruptor
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August 01, 2013, 04:17:33 AM |
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Be nice to eachother, don't make me put up another 50k wall. In drug addict voice with knife in hand I'll nom it I swear I'll nom on it XD I AM the one who knocks -- Walter White, Breaking Bad |
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torbank
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August 01, 2013, 04:20:29 AM |
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sig·nif·i·cant
important; of consequence.
Hm, it doesn't bode well for your credibility when you mistake me asking why you decide to use a certain qualifier, for the definition of that qualifier. If you want me to explain it like your five, just say so. |
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N_S
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August 01, 2013, 04:21:40 AM |
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sig·nif·i·cant
important; of consequence.
Hm, it doesn't bode well for your credibility when you mistake me asking why you decide to use a certain qualifier, for the definition of that qualifier. If you want me to explain it like your five, just say so. Oh my. It just keeps getting worse for you. No worries though, have a great day! |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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August 01, 2013, 04:29:52 AM |
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Be nice to eachother, don't make me put up another 50k wall. In drug addict voice with knife in hand I'll nom it I swear I'll nom on it XD I AM the one who knocks -- Walter White, Breaking Bad Hehe touche http://www.youtube.com/watch?v=OqkYr5uIreg |
Believing in Bitcoins and it's ability to change the world
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