[ActiveMining] The Official Active Mining Discussion Thread

[ronaldlee0917]

Since when can a company CEO not buy shares in their own company?  I think you better read up on insider trading before you look any more uninformed.

Yes, they can but with announcement on when and at what price, quantity they will do the buyback, this is for transparency purpose.

[1714749160]

1714749160

[EskimoBob]

Appreciate the stated P&L commitment, Ken.

Can you confirm the status of the Avalon situation, please?

Yes, we have received the refund from Avalon.

At least something good!

Ken, we need the balance sheet too. Without it, it's only half a picture.

I guess Ken wanted to inject some confidence to the rest of us by buying shares but this is not how you do it.
Another slight PR fuck up

  You announce first it and the place an order or execute it with third party, at previously agreed price.

[kingcrimson]

I don't think it is insider trading, but if you are really going to jump on him for buying shares, remember that every one of us could get jail time for buying non regulated securities.

[drawingthesun]

Ken is the company buying back shares as well as you?

If the company is buying shares please destroy them like a real company does. It will make our shares worth more.

[TMAN]

Appreciate the stated P&L commitment, Ken.

Can you confirm the status of the Avalon situation, please?

Yes, we have received the refund from Avalon.

At least something good!

Ken, we need the balance sheet too. Without it, it's only half a picture.

I guess Ken wanted to inject some confidence to the rest of us by buying shares but this is not how you do it.
Another slight PR fuck up

  You announce first it and the place an order or execute it with third party, at previously agreed price.

Slight, are you high?? this is disgusting - he is steeling from you all - don't you see it?

[iCEBREAKER]

ACTM at .0029 ...fuck

begin rant:

I have held my tongue long enough. I am fed up with Ken's inept sense of decent communication (beyond a few grunts here and there) and his awful sense of design and marketing. That logo is third rate at best. If that bloody awful site is doing so goddamn well; WHERE ARE THE FUCKING NUMBERS?! As funders (I won't call us shareholders anymore for obvious reasons) of this little experimental venture we have a right to know.

At this point, my FUD is that ACTM will not gain momentum again because of competition and difficulty AND the fact that for whatever reason, Ken refuses to do trade magazine type PR to get the word out AND and to tell us current state of progress. I am frustrated that Actm and vmc are never even mentioned in the news the way other companies are. At this point Ken may have funded and built his company for free off our backs. It doesn't seem to matter to Ken if the stock evaporates. He doesn't own any. So frustrated right now. All Ken (or someone in the know) has to do is tell us and the world what progress he is making. But day after day it's silence and the confidence drizzles away to nothing as he seems too socially inept to know how to communicate.

Unless no news really is bad news.

end rant.

+ 10

As a matter of fact, I have purchase a number of shares on the open market.  I am also purchasing shares how for my own account.  We will be releasing P&L for this quarter by the end of October.

The Buyback PONZI SCHEME.

FTFY.  

[TMAN]

ACTM at .0029 ...fuck

begin rant:

I have held my tongue long enough. I am fed up with Ken's inept sense of decent communication (beyond a few grunts here and there) and his awful sense of design and marketing. That logo is third rate at best. If that bloody awful site is doing so goddamn well; WHERE ARE THE FUCKING NUMBERS?! As funders (I won't call us shareholders anymore for obvious reasons) of this little experimental venture we have a right to know.

At this point, my FUD is that ACTM will not gain momentum again because of competition and difficulty AND the fact that for whatever reason, Ken refuses to do trade magazine type PR to get the word out AND and to tell us current state of progress. I am frustrated that Actm and vmc are never even mentioned in the news the way other companies are. At this point Ken may have funded and built his company for free off our backs. It doesn't seem to matter to Ken if the stock evaporates. He doesn't own any. So frustrated right now. All Ken (or someone in the know) has to do is tell us and the world what progress he is making. But day after day it's silence and the confidence drizzles away to nothing as he seems too socially inept to know how to communicate.

Unless no news really is bad news.

end rant.

+ 10

As a matter of fact, I have purchase a number of shares on the open market.  I am also purchasing shares how for my own account.  We will be releasing P&L for this quarter by the end of October.

The Buyback PONZI SCHEME.

FTFY.  

I dislike you - but you are correct here. bye bye money Active miners.

[drawingthesun]

The Buyback PONZI SCHEME.

FTFY.  

Actually this is not what a Ponzi scheme is. Please piss off whilst we try to get some real information out of this.

[Mutated btc]

wowowow, ActM at bitfunder crushing, 0.0018

[TMAN]

Just a random article I came across.....

http://seekingalpha.com/article/1330731-5-companies-with-unusually-large-ceo-purchases

"The chief executive officer is often considered the most important insider to follow as an investor. After all, the officer stands as the commander at the company's helm, making the necessary adjustments to safely navigate the enterprise away from risk and into profitable endeavors. As a result, he is believed to be the one most aware of the surrounding situation in regards to the company's future. Therefore, when a CEO buys his own company's stock, it can often be a strong symbolic action. After all, when insiders buy shares in seeking their own benefit, attentive investors can often prosper by keying in on the clue. By following those who are known to have a greater understanding of the company's opportunities, investors can stand to be more informed and enjoy the possible rewards of a more timely purchase."

Withholding information then trading on that information is a crime in the real world.

[somestranger]

I guess Ken wanted to inject some confidence to the rest of us by buying shares but this is not how you do it.
Another slight PR fuck up

Slight, are you high?? this is disgusting - he is steeling from you all - don't you see it?

I think you missed the sarcasm or tongue-in-cheekness of his reply.

[ffssixtynine]

I didn't know about any of this, so a couple of things.

- I've asked someone who does know their shit to post how it works with regular IPOs because those running around shouting illegal/insider trading are apparently not quite right. It's also not unusual within Bitcoin to say the least (I'm not saying it's right).

- I'm awaiting a response from Ken BUT I know it would be a very typical thing for him to do & post because he wanted to show that he does have confidence in the company, and he thinks that is how people will see it.

I'm 99.99% certain this wasn't a scammy move. I've been dealing with Ken long enough to know how his mind works and it isn't like this.

The real problem here is the share price, lack of communication, etc etc. This was a match for a lot of dry wood.

[drawingthesun]

I dislike you - but you are correct here. bye bye money Active miners.

This is not a Ponzi, it can be a scam but this is not a Ponzi. Just go wiki what a Ponzi is.

If you're not invested please leave because we want to try to find out what's going on and you're making the thread messy.

[crumbs]

...
I'm 99.99% certain this wasn't a scammy move. ...

Good enough for me

[Mutated btc]

while you guys chit chatting, bitfunder Actm is at 0.0018

[somestranger]

while you guys chit chatting, bitfunder Actm is at 0.0018

Ken is buying more cheap shares.

[drawingthesun]

I didn't know about any of this, so a couple of things.

- I've asked someone who does know their shit to post how it works with regular IPOs because those running around shouting illegal/insider trading are apparently not quite right. It's also not unusual within Bitcoin to say the least (I'm not saying it's right).

- I'm awaiting a response from Ken BUT I know it would be a very typical thing for him to do & post because he wanted to show that he does have confidence in the company, and he thinks that is how people will see it.

I'm 99.99% certain this wasn't a scammy move. I've been dealing with Ken long enough to know how his mind works and it isn't like this.

The real problem here is the share price, lack of communication, etc etc. This was a match for a lot of dry wood.

Look can you at least clarify, if the company has used company funds to buy back shares those shares get destroyed thus increasing the ratio/value of all outstanding shares (This is what happens in real life, a company doesn't hold its own shares, a share buyback destroys the shares. Apple did this a few times)

[TMAN]

I didn't know about any of this, so a couple of things.

- I've asked someone who does know their shit to post how it works with regular IPOs because those running around shouting illegal/insider trading are apparently not quite right. It's also not unusual within Bitcoin to say the least (I'm not saying it's right).

- I'm awaiting a response from Ken BUT I know it would be a very typical thing for him to do & post because he wanted to show that he does have confidence in the company, and he thinks that is how people will see it.

I'm 99.99% certain this wasn't a scammy move. I've been dealing with Ken long enough to know how his mind works and it isn't like this.

The real problem here is the share price, lack of communication, etc etc. This was a match for a lot of dry wood.

I respect you - but if he didn't intend to be scammy he isn't intelligent enough to be in charge of shareholder funds period. this is crazy guys - why arent you up in arms about this? aren't you aware of the implications - he does this he will do whatever he wants.

[drawingthesun]

...
I'm 99.99% certain this wasn't a scammy move. ...

Good enough for me

Crumbs please leave, you are not invested and not helping.

[Mutated btc]

btw what does P&L stand for