[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]

[knybe]

FFS I'm about to ignore the shit outta you two… knock it off.

[1714862565]

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[1714862565]

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[1714862565]

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[minerpart]

Sorry, I thought it was an interesting and relevant debate on the current situation which Ken mentioned today.

[stenkross]

Since I know when the Next batch of Chips Will arrive, And the total Speed of that chip Batch :-)
But I will Let Ken Announce it
I am Under an agreement not to announce it

If anyone wants Out I am Paying 0.006 btc Per share.
I believe in the Company and if you dont then Please sell your shares and GTFO and off this thread, I will gladly take your shares off your hands at 0.006 each

Hmm....
0.006 is quite near ATH of the share price.

There are a few options here:
1) You are bluffing, and won't buy anything from anyone. I don't know why, but you seem to have interest in maintaining an illusion that the shares are worth > 0.006.
2) You actually know something about the chips, and that it looks good.

You have a PM, check your inbox.

[MrTeal]

Ken would have to notify any other registered parties that Ukyo owes money to about this sale of the assets, and would have to distribute any proceeds over and above what is owed to them.

We are in a grey area as you have indicated. Little in the BTC industry operates within the letter of the law as it is currently written.

The action Ken is taking is within the spirit of the law - that which is the underlying intention. That intention is that an individual or company can hold the assets of a debtor and sell them to recover their losses if the debtor does not or can not pay up. That is as far as you can go.

You are implying that Ukyo could take Ken to court but what legislation would he use? The shares he will claim to own are not registered securities, the BTC he used to buy them is not a legally recognised currency, the exchange he set up was not registered etc etc. Do you see the problem? In other words if Ken can't do X because the legislation does not appply then Ukyo cannot do Y (bring him to court) because the legislation does not apply.

At the end of the day common sense needs to be applied in any Grey Area. So I would maintain that Ken is doing the right thing.

Actually, it isn't in the spirit of the law. Construction liens and garage owners liens are designed to protect tradesmen who invest time, materials and money into your house/car/etc. If they do that and you don't pay them for the work, they are able to put a lien on that item. Even then, there are specific ways they have to go about resolving the lien. If you don't pay your roofer he can't put a lien on your car or cottage, and a garage owner can't put a lien on your house if he worked on your car. If you refuse to pay your roofer after you get shingles installed and he takes your car until you pay him, both he and everyone else who might be owed money on the car have every reason to go after you.

I have no idea what sort of corporation/LLC/entity Ukyo's businesses were registered as, but Ken seizing and selling the ActM shares to cover the We-Ex debt, besides being somewhat morally suspect, is almost certainly not legal.

[zumzero]

Let it go please guys.  If everyone else is like me, this 'legal' discussion isn't even being read.  Why not start a pm discussion between yourselves and save the rest of us from it?

[minerpart]

Ken seizing and selling the ActM shares to cover the We-Ex debt, besides being somewhat morally suspect, is almost certainly not legal.

Fellow shareholders - I think this above quote will worry a lot of people. This is an open forum, this is the Official thread, and this point needs addressed IMO. You might not like this discussion because you think it's not relevant but I do so I will continue. Do not read our exchange if you don't want to.

So.....

Ken seizing and selling the ActM shares to cover the We-Ex debt, besides being somewhat morally suspect, is almost certainly not legal.

The shares are not legal
ACtM is not legal
Bitfunder was not legal

Most of the BTC industry is not legal. So how will Ukyo argue in court that Ken is acting illegally when his shares do not fall within the framework of the legislation?

One analogy I will offer. If a drug dealer is selling from his home and a customer comers round and steals his drugs while the dealer is not looking and runs out the door can the drug dealer go to a lawyer and raise a charge against the thief? Will that charge end up in court? Will the thief be found guilty of theft? In this world the answer is no. I have said all I want to on this. If you don't think it's legal maybe you and Ukyo can get together and take ACtM to court. But I don't think Ukyo will be too keen on visiting any court for quite some time - i.e. the rest of his life.

[gjpminingco]

Ok All I spoke a little to soon on my Offer and i do Apologize for that, But I have an Offer up when shares are able to be traded on the site


Thanks
GJP Mining Co

[Ozymandias]

Ok All I spoke a little to soon on my Offer and i do Apologize for that, But I have an Offer up when shares are able to be traded on the site


Thanks
GJP Mining Co

If you don't mind sharing, how many shares were offered to be sold to you in the hour or two that your offer was up?

[interJ]

Ok All I spoke a little to soon on my Offer and i do Apologize for that, But I have an Offer up when shares are able to be traded on the site


Thanks
GJP Mining Co

Let alone how much your butchered CaPiTaLizAtIOn of basic English bothers me, you know how else I know you're just a jerk-off who's full of shit?

BECAUSE YOU CAN ALREADY PLACE BUY ORDERS ON CRYPTO-TRADE, AND HAVE BEEN ABLE TO FOR THE PAST TWO MONTHS.

You fucking twat.

[zumzero]

Ok All I spoke a little to soon on my Offer and i do Apologize for that, But I have an Offer up when shares are able to be traded on the site


Thanks
GJP Mining Co

Your inbox go crazy then? Lol

It's refreshing to hear bullish opinions to balance all the negativity in here at times, so thanks.

Actually I think there is a lot of uncertainty over what people would consider to be a fair price for ActM stock at present.  I'll save you my detailed thoughts on the subject as I could be as wrong as the next guy, but rest assured there will be plenty of activity to begin with as the weak hands jump ship and new money comes in. The real question is where will the price settle?  What subsequent announcements are to be expected and how will they affect the price?

I'm feeling very optimistic that an ATH is just around the corner, but then that's just me.

[gjpminingco]

56,911 Shares

[stenkross]

56,911 Shares

I doubt you'll be able to put up a buy wall @ 0.006 and push the price all the way up there.
I would expect there's a looooot of people who want out @ that price.

My offer (> 50% of shares offered to you) still stands though.

[eikzbtc]

56,911 Shares

I have more than 18k shares at 0.006 if you want it .

[minerpart]

56,911 Shares

That is not a huge percentage of 10,000,000.

0.5%?

I think we can expect a daily traded volume exceeding that by some margin when trading resumes. 1 or 2 % of total publicly held shares per day for the first week?

A question gjp - if you had the money would you buy all these shares at 0.006BTC? If so do you have a target exit price in mind or would you be holding for divs?

You don't have to answer if you'd rather not.


EDIT - more shares gone at 0.01

[gjpminingco]

If i had the BTC to Buy them All I would, and Yes I would be Holding for Divs if and when i did Sell the Shares My Exit Price would be in the 0.2 - 0.5 range because i feel the Price will reach that high


And The 17 Shares Sold Are Mine

[zumzero]

As I recall 1000btc traded in 24 hours on BF was a very busy day indeed and may have only happened a couple of times. Correct me if I'm wrong.

So that would amount to 166,666 shares at 0.006.

Of course the landscape has changed a lot since then and the price of bitcoin is x10 what is was then.

2% of all shares traded in 24 hours becomes very realistic when you consider prices below 0.006.

[minerpart]

If i had the BTC to Buy them All I would, and Yes I would be Holding for Divs if and when i did Sell the Shares My Exit Price would be in the 0.2 - 0.5 range because i feel the Price will reach that high


And The 17 Shares Sold Are Mine

Thanks. I find that very interesting. Everyone will have their own view - that's what makes a market. Personally I think your target is on the high side but then who knows where this company will go. The value of the shares will be determined by the annualised dividend payout in my book. That's what gives most listed company shares value to long-term investors. On top of that obviously you need to ad the speculators and they can push a stock anywhere. Look at the '.com boom bubble'.

I would predict 0.08 as a top end but admit it could go higher. Your estimate gives the company a huge market cap. But if the divs are very very good the market cap will simply reflect that as a consequence of the share-to-div value. The higher the divs the higher the share price.

[gjpminingco]

To me it is called faith in the company and faith in the leadership of the company, and i have faith in both.

[MrTeal]

If i had the BTC to Buy them All I would, and Yes I would be Holding for Divs if and when i did Sell the Shares My Exit Price would be in the 0.2 - 0.5 range because i feel the Price will reach that high


And The 17 Shares Sold Are Mine

Is that in BTC or Dollars?

[knybe]

And so the pump begins...