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

[mainline]

The questions about transferring your shares have been answered, please read Ken's announcements.  Don't expect Ken to hold your hand, not while he's busy dumping shares.  Have some respect for your CEO, FFS!
And for those of us watching from the sidelines.
Your surliness adds nothing to this spectacle, cheer up and stop killing our buzz.

[nyc77]

As soon as I get the verification program up on the server, then as investors get verified we will start sending the list over to CT to create the accounts which will include the shares.  So, once the accounts are created then trading will start.

Ken, WHEN is this happening!?

Could you commit yourself to at least this one date in front of your shareholders?

Yes, I will be working on this the next few days.  I don't see to many problems getting it running ASAP.

So what exactly did you achieve in the "next few days" since the 31st?

Soo, any more holdups? Oh right, Ken is asking for one last favor: Just let him sell shares that he holds exclusively, excluding all other shareholders, profiting from the biggest idiots buying at the highest prices. Just one last time...

He knows exactly that this clusterfuck has no future and is trying to get the very last coins in. While all of you hold still, standing at the sideline, watching.

But you can be sure he adds them to the "balance sheet" (lol?). Oh no, it's for legal fees. If Ukyo sues. Or maybe he will pay all of it out as dividends? Oh wait...

[drawingthesun]

As soon as I get the verification program up on the server, then as investors get verified we will start sending the list over to CT to create the accounts which will include the shares.  So, once the accounts are created then trading will start.

Ken, WHEN is this happening!?

Could you commit yourself to at least this one date in front of your shareholders?

Yes, I will be working on this the next few days.  I don't see to many problems getting it running ASAP.

So what exactly did you achieve in the "next few days" since the 31st?

Soo, any more holdups? Oh right, Ken is asking for one last favor: Just let him sell shares that he holds exclusively, excluding all other shareholders, profiting from the biggest idiots buying at the highest prices. Just one last time...

He knows exactly that this clusterfuck has no future and is trying to get the very last coins in. While all of you hold still, standing at the sideline, watching.

But you can be sure he adds them to the "balance sheet" (lol?). Oh no, it's for legal fees. If Ukyo sues. Or maybe he will pay all of it out as dividends? Oh wait...

You make it sound like we don't mind! I hate hate not being able to trade my fucking shares its making me depressed and running my mental stability. But it doesn't matter!!!!! Nothing matters. We will only trade when we are allowed to no matter how much we kick and scream and see our futures get flushed down the toilet.

This situation is ruining my entire life.

[Subcide]

Ken, will the 100 BTC be paid to shareholders as dividends?

[kactech]

lol @ 0.0005, Ukyo's daemon(the same one that was said to be powerless) still holds ActM's balls tight, even vaseline won't keep cheerleader morale now.

I think the chances of him suing us is very low.

Let's see, guy holds 2% of active shares, 1/4 chances that he sue us, 1/3 that court will take(immediate) action on shares, company is selling them at 80% loss to cover costs in the amount of 0.6% of expected mid-term profits, risking 1/3 that court will force company to return sold shares to Ukyo, thin stock market is ruined, some shareholders will be forced to sell 3x more shares to cover some live expenses(there will be 100k wall @ 0.00075), Ukyo's creditors won't see a penny. Happily I'm holding only a dust.

[VinceSamios]

Ken, will the 100 BTC be paid to shareholders as dividends?

Presumably it will be used to buy hashrate.

Personally I'm pretty pissed that Ken has stuck up a sell wall at 0.0005 - it's unnecessary and devalues everyone elses investment. That said, Ken isn't selling these shares on his personal behalf, they are being sold on behalf of the company.

[iSnow]

If we have the shares and he sues, the court could keep us from selling the shares.  This way if he sues I have the 100 BTC to pay our legal fees.  If he sues, we would definitely counter sue for our 100 BTC that he owes us.  Since our chances to prevail on our counter suite would be very high, I think the chances of him suing us is very low.  Also, It takes cash to sue someone, and I don't think he has any, so he says.

Seems a very dangerous gamble to me. IF he sues and wins, The company might have to buy back all the shares (maybe even at a higher price) or pay him more than 106 BTC.

Do we still have enough money for the development of a full 28nm custom ASIC or is this a hail mary maneuver to make enough BTC till the court might order the company to pay damages to Ukyo?

[Anibad]

Sorry for the question but i can't constantly follow the thread ... some news on the shares / dividends?

Thank you so much

[minerpart]

sorry but lol to us paying damages to Ukyo. He won't go near a court, they would lock him up. Zero chance of him going to court over this.

[babybonobo]

Ken, will the 100 BTC be paid to shareholders as dividends?

Presumably it will be used to buy hashrate.

Personally I'm pretty pissed that Ken has stuck up a sell wall at 0.0005 - it's unnecessary and devalues everyone elses investment. That said, Ken isn't selling these shares on his personal behalf, they are being sold on behalf of the company.

I'm right there with ya.  I thought it was .005 at first...but .0005 --IPO price, fuck that's cheap.  Decisions, decisions... 

[JoTheKhan]

sorry but lol to us paying damages to Ukyo. He won't go near a court, they would lock him up. Zero chance of him going to court over this.

The issue won't with be Ukyo directly. It will be with the people who Ukyo owns money to. Ken has completely killed the value of his 200k shares and is claiming his money first. Technically whatever these shares sell for should be split between all the people who are owed money by Ukyo evenly based on a percentage. So if Ukyo owes 1000BTC and these sell for 100BTC, everyone gets 10% of what they are owed. Instead, Ken gets 100% what he is owed and everyone else gets 0%.

He is basically stealing money out of everyone who lost money in the Bitfunder/Weexchange closure.

No need to debate this. This is the truth.

Image this. We had access to our shares in December; Ukyo would have then been able to sell his shares (maybe even for more than what they are being sold for now) and that money would have went straight to refunding everyone percentage wise.

Unfortunately for the people on this website and Ukyo. You are right, there is a slim chance Active Mining will be brought to court (atleast in the near future). But this is what happens when there is no regulation.

Anyways I don't think we should worry about Ukyo's shares and should show more concern for our own. It is unreasonable that Ukyo's shares get listed before ours.

[VinceSamios]

Ken, will the 100 BTC be paid to shareholders as dividends?

Presumably it will be used to buy hashrate.

Personally I'm pretty pissed that Ken has stuck up a sell wall at 0.0005 - it's unnecessary and devalues everyone elses investment. That said, Ken isn't selling these shares on his personal behalf, they are being sold on behalf of the company.

I'm right there with ya.  I thought it was .005 at first...but .0005 --IPO price, fuck that's cheap.  Decisions, decisions... 

FIRST ipo price.... second IPO was 0.0025

[VinceSamios]

sorry but lol to us paying damages to Ukyo. He won't go near a court, they would lock him up. Zero chance of him going to court over this.

The issue won't with be Ukyo directly. It will be with the people who Ukyo owns money to. Ken has completely killed the value of his 200k shares and is claiming his money first. Technically whatever these shares sell for should be split between all the people who are owed money by Ukyo evenly based on a percentage. So if Ukyo owes 1000BTC and these sell for 100BTC, everyone gets 10% of what they are owed. Instead, Ken gets 100% what he is owed and everyone else gets 0%.

He is basically stealing money out of everyone who lost money in the Bitfunder/Weexchange closure.

No need to debate this. This is the truth.

Image this. We had access to our shares in December; Ukyo would have then been able to sell his shares (maybe even for more than what they are being sold for now) and that money would have went straight to refunding everyone percentage wise.

Unfortunately for the people on this website and Ukyo. You are right, there is a slim chance Active Mining will be brought to court (atleast in the near future). But this is what happens when there is no regulation.

Anyways I don't think we should worry about Ukyo's shares and should show more concern for our own. It is unreasonable that Ukyo's shares get listed before ours.

It may seem this way to you, but legally speaking you are wrong.

I can't take bob to court because bobs mate fred owes us both money and bob sold freds car.

[JoTheKhan]

sorry but lol to us paying damages to Ukyo. He won't go near a court, they would lock him up. Zero chance of him going to court over this.

The issue won't with be Ukyo directly. It will be with the people who Ukyo owns money to. Ken has completely killed the value of his 200k shares and is claiming his money first. Technically whatever these shares sell for should be split between all the people who are owed money by Ukyo evenly based on a percentage. So if Ukyo owes 1000BTC and these sell for 100BTC, everyone gets 10% of what they are owed. Instead, Ken gets 100% what he is owed and everyone else gets 0%.

He is basically stealing money out of everyone who lost money in the Bitfunder/Weexchange closure.

No need to debate this. This is the truth.

Image this. We had access to our shares in December; Ukyo would have then been able to sell his shares (maybe even for more than what they are being sold for now) and that money would have went straight to refunding everyone percentage wise.

Unfortunately for the people on this website and Ukyo. You are right, there is a slim chance Active Mining will be brought to court (atleast in the near future). But this is what happens when there is no regulation.

Anyways I don't think we should worry about Ukyo's shares and should show more concern for our own. It is unreasonable that Ukyo's shares get listed before ours.

It may seem this way to you, but legally speaking you are wrong.

I can't take bob to court because bobs mate fred owes us both money and bob sold freds car.

I didn't say the Bitfunder users will take Ken to court, I said the Bitfunder users will have an issue with what Ken is doing. If anything, The Bitfunder users will take Ukyo to court and Ukyo will bring up the information about Ken's seizure and dump of his 230k active mining shares to recoup his loses; when the loses should have been dispersed equally.

Of course the Bitfunder users aren't going to take Ken to court directly but it could end up with Ken wasting time and money in a court of law due to the Bitfunder users taking Ukyo to court.

[nyc77]

Time for another reality check.

Observable reality is

1) Announcements are being made, promises are being broken over and over since September (?). Since then, Ken is sitting on all our funds.
2) Further coins for Ken's pocket are being generated by any means possible, latest stunt (currently happening): Fire sale of >200k shares to the last willing buyers out there by excluding everyone else.
3) The share price is moving more and more towards it's realistic valuation (which in my opinion is ZERO)

Which leads me to the conclusion that not only ActM's CEO is not in any way competent to lead an operation like this, but he is actively trying to SCAM more money before this amassment of promises finally collapses.

There, I said it. omgz.

[btct22]

Assume for a moment that AMC, Bitfunder and Weex are in it together, WEEX was the trap, AMC the lure:

• Put together a good story for an mining asset - the next AM. Heaps of people buy in on Bitfunder
• Close the BF/Weex exchanges (with a similar non reason like BTCT.CO) and stop everyone trading the shares.
• Ukyo comes up with a non story about "the coins are gone"
• Dump another round of shares onto another exchange (take more coins). We can blame Ken/AMC for a loss of some BF/Ukyo/Weex money.
• The scammers involved bugger off to a nice island with thousands of easy to smuggle bitcoins leaving behind a couple of battered forum accounts and an empty garage (after selling the workbenches).

 

Maybe more complex than most scams to try make it harder to spot?   Happy to be proven wrong of course, this just a conjecture for the conspiracy minded..

[iSnow]

Happy to be proven wrong of course, this just a conjecture for the conspiracy minded..

Could we please do without goofball theories? The situation is dire enough.

[gaba]

I am ashamed to be an shareholder and yes I'm stupid. Thanks Ken for letting me know.

[shaofis]

Let's not forget normal action for Ken would be to sue Ukyo for the money owed and Ukyo has already stated that if anyone were to sue him he'd just declare bankruptcy and that no one would get paid.

Ken has no obligation to Ukyo's debts and only has obligation to his shareholders regarding this transaction.

That said; I don't think anyone really has issue with the price... the real issue is that Ken has started trading shares before he's returned access to our own. If we were open trading right now the market would set that price not Ken. We should have resumed normal trading before Ken dumped those shares; you can make what ever excuse you want about it... it just is wrong to do it this way.

[wasubii]

ActM is and will be the worst investment decision of my life.

It is an absolute truism that you don't invest in companies - you invest in people.

And my god i am so sorry i ever invested in Ken and his lies.