[ActiveMining] The Official Active Mining Discussion Thread

[kleeck]

Am I really the only person here that has a problem with that?

I have no problem with it, as it seems minor to me, but your whole post is still valid. Criticism leads to improvements and I don't think it is bad to let Ken know, what you or other shareholders might expect. This gives him a broader picture and the IPO process has shown that communication is key and does result in a positive outcome for everyone.

Thanks for the rational response instead of just pointing at me and laughing like Nelson Muntz. I've just realised that the majority of the people telling me to keep quiet, etc, are new forum accounts with very few posts. So, if they're not sock puppets or pumpers, they're likely unaware of the drama that has played out since the IPO when the share price was 0.0005 BTC.

While these lies are only little white lies, it simply doesn't bode well that the CEO is willing to tell them to investors. You don't instil confidence in your company by getting caught out telling lies. I've repeatedly pointed out that this whole mess would have been avoided if Ken was truthful from the start and said that he wouldn't be able to transfer shares till today or even tomorrow.

I really hope he learns a lesson from this fiasco. Be truthful with investors, even if that truth is something they don't want to hear.

This is the only time I will engage you directly on these forums Mabsark and it's for the specific purpose of ensuring that you understand this:

There is no fiasco regarding share tendering. You are a loud individual and that is all this "fiasco" is. If there is a real problem, which many are doubting at this point since the vast majority of share tenderings have been handled just fine, including people who did have some fringe scenario - me being among them, you should be able to resolve it like the rest of us did. The majority of us here do not believe Ken is a liar. If you do you stand as a very small minority in this thread and in the ActiveMining community.

Do not deceive yourself into thinking you've convinced anyone that there is some major crises going on here. There is not and nearly all of us know this.

[physalis]

Am I really the only person here that has a problem with that?

No, you are not, I'm in the same boat and just as pissed as you are.
I'm waiting for almost 2 weeks now on the tendering of my shares. I've watched the value spike to 0.008+ and fall down to half again, missing 2 dividends, having no control of my shares in the meantime. All of you who are talking this problem down, how would you think you'd feel if that was you?

The most fucked up thing is that I could read reports here from people who send their shares to AMC-TENDER way after me, and those were tendered.

Yes, I have sent the email, and I have PM'd Ken.

[Mabsark]

Am I really the only person here that has a problem with that?

I have no problem with it, as it seems minor to me, but your whole post is still valid. Criticism leads to improvements and I don't think it is bad to let Ken know, what you or other shareholders might expect. This gives him a broader picture and the IPO process has shown that communication is key and does result in a positive outcome for everyone.

Thanks for the rational response instead of just pointing at me and laughing like Nelson Muntz. I've just realised that the majority of the people telling me to keep quiet, etc, are new forum accounts with very few posts. So, if they're not sock puppets or pumpers, they're likely unaware of the drama that has played out since the IPO when the share price was 0.0005 BTC.

While these lies are only little white lies, it simply doesn't bode well that the CEO is willing to tell them to investors. You don't instil confidence in your company by getting caught out telling lies. I've repeatedly pointed out that this whole mess would have been avoided if Ken was truthful from the start and said that he wouldn't be able to transfer shares till today or even tomorrow.

I really hope he learns a lesson from this fiasco. Be truthful with investors, even if that truth is something they don't want to hear.

This is the only time I will engage you directly on these forums Mabsark and it's for the specific purpose of ensuring that you understand this:

There is no fiasco regarding share tendering. You are a loud individual and that is all this "fiasco" is. If there is a real problem, which many are doubting at this point since the vast majority of share tenderings have been handled just fine, including people who did have some fringe scenario - me being among them, you should be able to resolve it like the rest of us did. The majority of us here do not believe Ken is a liar. If you do you stand as a very small minority in this thread and in the ActiveMining community.

Do not deceive yourself into thinking you've convinced anyone that there is some major crises going on here. There is not and nearly all of us know this.

Ken has proven to have lied on multiple occasions now with regards to this share transfer issue. That's a fact and will remain a fact whether you choose to believe it or not.

Monday 29th of July: I will be working on getting all the transfers completed tomorrow.
Wednesday 31st of July: 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.
Friday 2nd of August: Due to the fact that I just got in from our business trip to eAsic and our Engineers, I will be transferring shares as soon as possible.

Given his timetable, it simply wasn't possible for him to make the transfer when he said he would. That's telling lies, rather than simply poor judgement on his part. The fact is that he wilfully lied to investors. This is not the only time he has screwed over investors. Perhaps you should look into him undercutting the market by selling shares at 0.0005 BTC when the market price was 0.0009 BTC and once again by selling shares for 0.0025 BTC when the market price was 0.0034 BTC.

Ken is no saint, no genius and no PR guru. The path to this point has been incredibly wonky and nearly led off a cliff on a few occasions. It's only gotten to this point because investors were willing to call Ken out when he was acting against their interests. Telling lies to investors and withholding their shares for this long is clearly acting against their interests and he fully deserves to be called out for it. That's how problems get dealt with, not by burying your head in the sand and hoping they just sort themselves out.

Let me set you straight on this. The real problem is not that Ken still hasn't transferred my shares, that's annoying but acceptable given the circumstances. The problem is that Ken is willing to lie to investors.

[VolanicEruptor]

Postponing something is not the same as lying.  We actually want him to postpone minor things like that so that he can take care of what's important.  So again, we don't care.  You are wasting a lot of effort trying to convince us to care.

[Rawted]

Change the record Mab.  It really is getting tiresome.  No-one here is on your side over your issues and that is because of the way you have handled things.  What a mistake.

People really do see you as whinning and crying like an immature school boy.  You have brought that upon yourself by your repeated attacks on Ken and your choice of language.

I tried to mediate and create an opportunity for you to start with a clean sheet, but that was a mistake on my part.

I'm starting to think that you are intentionally trying to harm this company.

You are officially off my Christmas card list.  

I disagree.

I think mabshark's points are pretty much spot on, and i'm honestly shocked that everyone is fighting him/her tooth and nail.

Let's not forget this is Ken, the guy that undercut his investors multiple times, has missed just about every single deadline, and has been caught in several 'small lies'. It's not like this company has been the pinnacle of performance and efficiency. Christ, we can't even get someone to post news updates on the same goddamn exchanges the shares are trading on (which blows my mind, as it's literally a 10 second thing). We have 3 people in the slaughter family working as what is essentially the management division, and not a single one can do some PR? It's been a month and there's still no board. Dividends were paid out yesterday, interest started to rise, great time to post about your successful trip to easic and provide an update on btct (which hasnt been done in 2 weeks); or you can not do anything like usual and watch the stock tank again.

I sure hope Ken is proficient on the hardware side of things, because everything else is a complete clusterfuck, and every single one of you 'yes men' are doing nothing more than allowing it to continue to happen.

[Mabsark]

Postponing something is not the same as lying.  We actually want him to postpone minor things like that so that he can take care of what's important.  So again, we don't care.  You are wasting a lot of effort trying to convince us to care.

No, postponing something is not the same as telling lies. Saying you will do something when you know you can't possibly do it because you will be too busy doing something else is telling lies though.

How could Ken have possibly transferred the shares end of business day Friday if he knew he would be away on business, wouldn't be able to access the account and was scheduled to arrive back home after the end of business day Friday? He couldn't. Therefore, what he said was a lie.

[finlof]

Postponing something is not the same as lying.  We actually want him to postpone minor things like that so that he can take care of what's important.  So again, we don't care.  You are wasting a lot of effort trying to convince us to care.

+100.  As a business owner myself, I cant tell you how many times i have given clients dates for when i planned to complete items (always with good intentions), only to have something more important come up.  to loosely quote star trek - the good of the many outweigh the good of the few.  had i been the one in the same boat i wouldnt be super pissed.  cause i would have understood what Ken is dealing with as a business owner, especially in the fast-paced BTC world.

I understand those that are still awaiting share tendering are pissed.  for those that missed out on dividends while awaiting share tendering - if Ken does not pay you the dividends you are "due" then I will volunteer to cover those dividends.

[VolanicEruptor]

Postponing something is not the same as lying.  We actually want him to postpone minor things like that so that he can take care of what's important.  So again, we don't care.  You are wasting a lot of effort trying to convince us to care.

No, postponing something is not the same as telling lies. Saying you will do something when you know you can't possibly do it because you will be too busy doing something else is telling lies though.

How could Ken have possibly transferred the shares end of business day Friday if he knew he would be away on business, wouldn't be able to access the account and was scheduled to arrive back home after the end of business day Friday? He couldn't. Therefore, what he said was a lie.

Ken doesn't work regular business hours.  He could have done it after 5pm.  He's not an employee of a company -- he runs the show.  The actual time and how it related to the 9am-5pm business day was completely irrelevant to the fact he was simply held behind and busy.
Perhaps your mother didn't explain to you that postponing things is a part of life.  Things don't always work out the way they're supposed to, and sometimes you have to put things off.  Maybe you call it lying, but the rest of us are happy with the way Ken is dealing with priorities first.  

We are glad that Ken didn't drop what he was doing to pamper you-- THAT would be bad judgment.

[Mabsark]

Am I really the only person here that has a problem with that?

No, you are not, I'm in the same boat and just as pissed as you are.
I'm waiting for almost 2 weeks now on the tendering of my shares. I've watched the value spike to 0.008+ and fall down to half again, missing 2 dividends, having no control of my shares in the meantime. All of you who are talking this problem down, how would you think you'd feel if that was you?

The most fucked up thing is that I could read reports here from people who send their shares to AMC-TENDER way after me, and those were tendered.

Yes, I have sent the email, and I have PM'd Ken.

Hopefully, more of us will start to speak up and make our voices heard. 2 weeks is simply bang out of order and I think Ken should actually compensate you for having to wait that long. In my case, I knew there would be slight delays, but I didn't expect to be waiting a week, nor did I expect Ken to lie about the time frame.

[zumzero]

Postponing something is not the same as lying.  We actually want him to postpone minor things like that so that he can take care of what's important.  So again, we don't care.  You are wasting a lot of effort trying to convince us to care.

No, postponing something is not the same as telling lies. Saying you will do something when you know you can't possibly do it because you will be too busy doing something else is telling lies though.

How could Ken have possibly transferred the shares end of business day Friday if he knew he would be away on business, wouldn't be able to access the account and was scheduled to arrive back home after the end of business day Friday? He couldn't. Therefore, what he said was a lie.

And what exactly would be his motivation for these lies against you? You bring a smile to my face, Maby-boy.

[Mabsark]

Postponing something is not the same as lying.  We actually want him to postpone minor things like that so that he can take care of what's important.  So again, we don't care.  You are wasting a lot of effort trying to convince us to care.

No, postponing something is not the same as telling lies. Saying you will do something when you know you can't possibly do it because you will be too busy doing something else is telling lies though.

How could Ken have possibly transferred the shares end of business day Friday if he knew he would be away on business, wouldn't be able to access the account and was scheduled to arrive back home after the end of business day Friday? He couldn't. Therefore, what he said was a lie.

Ken doesn't work regular business hours.  He could have done it after 5pm.  He's not an employee of a company -- he runs the show.  The actual time and how it related to the 9am-5pm business day was completely irrelevant to the fact he was simply held behind and busy.
Perhaps your mother didn't explain to you that postponing things is a part of life.  Things don't always work out the way they're supposed to, and sometimes you have to put things off.  Maybe you call it lying, but the rest of us are happy with the way Ken is dealing with priorities first.  

We are glad that Ken didn't drop what he was doing to pamper you-- THAT would be bad judgment.

Yes, he could have done it after 5 PM. The point I'm making and which you keep ignoring is that he said he would get them done before 5 PM when he knew for a fact he couldn't possibly do that. That's what any rational and logical person calls "telling lies". Sycophants are neither rational nor logical though so it's no surprise you don't understand this.

This is not a case of Ken postponing something, this is a clear case of Ken telling lies.

[finlof]

This is not a case of Ken postponing something, this is a clear case of Ken telling lies.

ok i think i FINALLY get it.  you think Ken is a liar.  please let me buy your shares at 20% above what you paid for them and then you dont have to be invested in a company run by a liar.  nor should you feel bad by an investment that returned 20% in a month.

[Mabsark]

Postponing something is not the same as lying.  We actually want him to postpone minor things like that so that he can take care of what's important.  So again, we don't care.  You are wasting a lot of effort trying to convince us to care.

No, postponing something is not the same as telling lies. Saying you will do something when you know you can't possibly do it because you will be too busy doing something else is telling lies though.

How could Ken have possibly transferred the shares end of business day Friday if he knew he would be away on business, wouldn't be able to access the account and was scheduled to arrive back home after the end of business day Friday? He couldn't. Therefore, what he said was a lie.

And what exactly would be his motivation for these lies against you? You bring a smile to my face, Maby-boy.

These lies are not against me. This is not some conspiracy against me. I've no idea why he is telling these lies. Perhaps he's a pathological liar. Perhaps he's sold the shares? Perhaps he wanted to stop people from selling their shares and reinvesting in the competition?

How the fuck am I supposed to know. I can't read minds.

[ffssixtynine]

Mabsark, you've made it very clear what your feelings are and that you're very childish. So childish, in fact, that you claim you don't even have a phone - or is that don't want to make a phone call for some reason, eh?

The rest of us are asking ourselves why you're here at all? Make a profit using whatever shares you want, but please allow this thread to be useful and PM Ken your issues directly or don't deal in his shares.

The rest of us are sick of this thread being hijacked by you.

[Mabsark]

This is not a case of Ken postponing something, this is a clear case of Ken telling lies.

ok i think i FINALLY get it.  you think Ken is a liar.  please let me buy your shares at 20% above what you paid for them and then you dont have to be invested in a company run by a liar.  nor should you feel bad by an investment that returned 20% in a month.

Fair enough. Send me 15.57 BTC and you can have 2595 shares. I owe 250 shares out due to a trade I made for Labcoin shares.

[Stuartuk]

What an asshole.

[finlof]

This is not a case of Ken postponing something, this is a clear case of Ken telling lies.

ok i think i FINALLY get it.  you think Ken is a liar.  please let me buy your shares at 20% above what you paid for them and then you dont have to be invested in a company run by a liar.  nor should you feel bad by an investment that returned 20% in a month.

Fair enough. Send me 15.57 BTC and you can have 2595 shares. I owe 250 shares out due to a trade I made for Labcoin shares.

If Ken agrees to this transaction, I will send Ken the BTC, he can send me the shares, and then he can send you the BTC.  forgive me for not trusting you (despite your long membership on this forum), but I have made my share of bad transactions before and lost quite a bit of BTC.  also, I would obviously need some real proof that you purchased those 2595 AMC shares at 0.005 to make sure you arent lying to me.

[kslaughter]

Postponing something is not the same as lying.  We actually want him to postpone minor things like that so that he can take care of what's important.  So again, we don't care.  You are wasting a lot of effort trying to convince us to care.

No, postponing something is not the same as telling lies. Saying you will do something when you know you can't possibly do it because you will be too busy doing something else is telling lies though.

How could Ken have possibly transferred the shares end of business day Friday if he knew he would be away on business, wouldn't be able to access the account and was scheduled to arrive back home after the end of business day Friday? He couldn't. Therefore, what he said was a lie.

And what exactly would be his motivation for these lies against you? You bring a smile to my face, Maby-boy.

These lies are not against me. This is not some conspiracy against me. I've no idea why he is telling these lies. Perhaps he's a pathological liar. Perhaps he's sold the shares? Perhaps he wanted to stop people from selling their shares and reinvesting in the competition?

How the fuck am I supposed to know. I can't read minds.

The schedule was to fly back home on Thursday; however, we had to extend the trip 1 extra day at the engineers.

[chairforce1]

I can't read minds.

so stop trying

[VolanicEruptor]

2845 shares

Someone should do some math here.  

Calculate the missed dividends, and the price difference between the high and what he bought in at.  Now assuming he would have sold at precisely the highest point (lol), figure out what amount this clown has "missed out on".

Next, take into account all the time he has spent pointlessly fighting his case,
and hypothetically replace that valuable time with say, a second job -- like Mcdonalds,

I wonder if he could have made up for that lost money by flipping burgers instead of arguing on the forum?

This would be very interesting to actually do the math on this..