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

[Vigil]

Imagine, an illiterate drunk conning people out of millions!

Sigh, you might be right. But either way Ken's a clever guy right?

How great is it that I can't sell my shares though?! We have to see this till the end now because we won't be trading shares until we already know, one way or another, whether this company will ROI or not.

Guess it's just a waiting game now - we win or we lose.

I'd advise everyone to remain optimistic. Ken is still optimistic. If Ken knew this was a bus crash he would not be giving bullish statements. Would he? What would the point be? There are no shares for him to sell, he isn't raising funds.....so why would he misrepresent the situation? If it was looking really bad I think he would give cautious updates. He is not giving cautious updates.

So stay strong fellow investors. It's not over till it's over.

Uhhh... maybe to buy time? to keep people from coming after him? Ken gave us bullish statements just last week: "The new year is going to be great for ActM!" Then we get: "it all fell apart guys".

[fannybaws]

@ crumbs

Be careful not to confuse a scam with a failed business.

Everything you post is focused on the bleakest outlook with no thought to a positive outcome therefore you are biased and people will always take you with that little pinch of salt.  You could be much more effective if you sat somewhere nearer the middle but your ego won't allow for that.

This is definitely the trolls day, there is no denying that, but it could all turn on a sixpence.  With weekly updates Ken has the power to turn the tide and my guess is that he'll respond to the communities requests for greater transparency.

[Stuartuk]

He was giving cautious updates untill he realised Bargraphics was coming and wouldn't be able to explain why theres nothing to see.

That is a contradictory statement. Cautious in this arena means warning of potential setbacks. Everyone of his recent updates has been Bullish.

[runam0k]

He was giving cautious updates untill he realised Bargraphics was coming and wouldn't be able to explain why theres nothing to see.

That is a contradictory statement. Cautious in this arena means warning of potential setbacks. Everyone of his recent updates has been Bullish.

Bullish or bullshit?

[Stuartuk]

That's the way all scams work -- the endgame is as important as the hook. Gotta finesse it.

                                                               

ACtM may be many things but a scam isn't one of them. Next!

[minerpart]

I believe Ken said in the last official Progress Report that we have liquid assets of over 2mill USD. Now he isn't going to say we have that much if he intends to scam OR if he intends to wind the project down and let us down slowly.

So we must accept he is making a go of it. That reported 2mill in assets (cash and btc) will need to be accounted for should the business fail. So if Ken thought the business was close to failing he would not have said we had so much in the bank. Infact he would have paid most of that out to himself as wages and costs before the accounts were done for this report which is only 5 weeks old.

[fannybaws]

It's been said before and I'll say it again.  If this were a scam Ken would have ran off with the $1,000,000 NRE funds a long time ago. There would have been no eAsic deal.  A scam is something like Labcoin where they lie about having chips in development.  There is empirical evidence to support the fact that ActM is not a scam. Change the record guys, yawn.

[Stuartuk]

This is scam 101 stuff.  

I'm sorry but you are simply incorrect.

I agree this could be a failed company - I don't think it is. But it simply could not be a scam partly due to the reasons outlined by minerpart above. If Ken wanted out of this he would walk with ALL of the liquid assets. If he wanted to do that he would not have declared these assets in the first place. He would have said all revenue had been spent on costs, wages and paying contractors/suppliers etc.

[Mabsark]

I believe Ken said in the last official Progress Report that we have liquid assets of over 2mill USD. Now he isn't going to say we have that much if he intends to scam OR if he intends to wind the project down and let us down slowly.

So we must accept he is making a go of it. That reported 2mill in assets (cash and btc) will need to be accounted for should the business fail. So if Ken thought the business was close to failing he would not have said we had so much in the bank. Infact he would have paid most of that out to himself as wages and costs before the accounts were done for this report which is only 5 weeks old.

Like I said earlier, you have to be delusional to think that customers who paid for miners will not be asking for refunds given the latest update.

[Vigil]

It's been said before and I'll say it again.  If this were a scam Ken would have ran off with the $1,000,000 NRE funds a long time ago. There would have been no eAsic deal.  A scam is something like Labcoin where they lie about having chips in development.  There is empirical evidence to support the fact that ActM is not a scam. Change the record guys, yawn.

Not necessarily true.

[minerpart]

Mabsark your favourite word is 'delusional' but just because you disagree with someone does not make their view delusional. Your view that someone is delusional because you disagree with them is ironically the delusion.

Now on to your point. Yes if customers come on here and see posts like yours and your thread about taking the company to court I think they might well cancel because you have given them the impression their orders will never ship. So you are fulfilling your own prophesy.

The only saving grace we have to the effect of yours and the Trolls negativity on customers views about asking for a refund is if btc appreciates enough to make our assets worth more. Then we can refund in fiat and still have funds to progress the business.

But please keep trolling if you really think that will help this company. Oh hold on I'm thinking you are a shareholder - are you?

[Vigil]

"Good things are coming just hold on."

[MilkyLep]

Total bullshit censorship going on, even my post to ask Vigil to expand on his point???

The person behind this wins.  I'm outta here. Pathetic!

Someone quote this so others can see what's going on.

I would hope whatever censorship is currently going on is not from ActM, considering there are way more important aspects of the company's focus to be working on.

[Mabsark]

Mabsark your favourite word is 'delusional' but just because you disagree with someone does not make their view delusional. Your view that someone is delusional because you disagree with them is ironically the delusion.

Now on to your point. Yes if customers come on here and see posts like yours and your thread about taking the company to court I think they might well cancel because you have given them the impression their orders will never ship. So you are fulfilling your own prophesy.

The only saving grace we have to the effect of yours and the Trolls negativity on customers views about asking for a refund is if btc appreciates enough to make our assets worth more. Then we can refund in fiat and still have funds to progress the business.

But please keep trolling if you really think that will help this company. Oh hold on I'm thinking you are a shareholder - are you?

It's not my favourite word, I just use it a lot around these parts for obvious reasons. Look at what's going on (or more accurately not going on) for crying out loud.

I showed you the maths last month when I claimed full production wouldn't be till April/May and it was an extremely bleak picture with dividends less than that from the Avalons. Ken's latest update makes what I said look like a best case scenario.

You called me a troll back then for using facts and maths and stating the obvious. You call me a troll now for stating the obvious.

delusion - an idiosyncratic belief or impression maintained despite being contradicted by reality or rational argument, typically as a symptom of mental disorder

It should be pretty clear to everyone here that cheerleaders like yourself are in fact delusional.

[Mabsark]

Total bullshit censorship going on, even my post to ask Vigil to expand on his point???

The person behind this wins.  I'm outta here. Pathetic!

Someone quote this so others can see what's going on.

I would hope whatever censorship is currently going on is not from ActM, considering there are way more important aspects of the company's focus to be working on.

It most definitely is ActM. If you check "My Messages" and scroll down to the last post you see:

A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

[Mabsark]

Weekly Update: 1/8/13

Question From VinceSamios:

Update Requests:
When and Where will we be able to trade shares?

Crypto-Trade and ChromaWallet (colored Coins).  As soon as we get time to finish the
verification interface; however, our core business comes first and working on Intellihash.

Active Mining PR-Staff

Since you've been deleting forum posts for the last few hours, how can you claim to not have time to finish the "verification interface"? Surely your time would be better spent getting the "verification interface" up and running than wasting time deleting forum posts that people will just repost anyway?

[MilkyLep]

Generally I loathe when forum members post back to back to back to back - I mean learn to use the damn edit button - but I couldn't agree more with mabsy here...

It's good to see names from the beginning of the ActM saga pop back in and shed some light on things with the board which stayed behind closed doors or demand more answers. Members and shareholders alike shouldn't withhold the scrutiny. Ive always been wary of optimistic folk here.

The last thing I want to see is this house of cards fold under a curtain of "incompetence." I've said it before and I'll say it again. Where is the accountability, responsibility and transparency of a gentleman from the south much less a CEO of a million dollar start-up?

[hobbymd]

Generally I loathe when forum members post back to back to back to back - I mean learn to use the damn edit button - but I couldn't agree more with mabsy here...

It's good to see names from the beginning of the ActM saga pop back in and shed some light on things with the board which stayed behind closed doors or demand more answers. Members and shareholders alike shouldn't withhold the scrutiny. Ive always been wary of optimistic folk here.

The last thing I want to see is this house of cards fold under a curtain of "incompetence." I've said it before and I'll say it again. Where is the accountability, responsibility and transparency of a gentleman from the south much less a CEO of a million dollar start-up?

soon to be a deleted post . People don't bother to post in this thread any more, it will be deleted by the CEO whom is busy deleting posts as they come in, he doesn't have anything better to do with his time!!

[ffssixtynine]

It's good to see names from the beginning of the ActM saga pop back in and shed some light on things with the board which stayed behind closed doors or demand more answers.

Well I don't really have anything new to add other than disagreement over Intellihash. We posted months ago about issues with the marketing and lack of help Ken has running things. It's all been too reliant on him for a long time now, as far as I know anyway.

I was more expressing surprise that the engineering failed and the lack of information at a critical time. I really thought there would be significant miners on-line by now, if of the more expensive to manufacture variety.

Also, what was said precisely about delivered hardware?

[Vigil]

It's good to see names from the beginning of the ActM saga pop back in and shed some light on things with the board which stayed behind closed doors or demand more answers.

Well I don't really have anything new to add other than disagreement over Intellihash. We posted months ago about issues with the marketing and lack of help Ken has running things. It's all been too reliant on him for a long time now, as far as I know anyway.

I was more expressing surprise that the engineering failed and the lack of information at a critical time. I really thought there would be significant miners on-line by now, if of the more expensive to manufacture variety.

Also, what was said precisely about delivered hardware?

Ken said: "Our first products have been shipped to customers."