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

[minerpart]

if it was personal funds Ken has no basis to hold UKYO's shares hostage.

You are wrong. If it is Kens personal money (which he said it is not) he has just as much right as any Bank or any individual to claim someone elses assets to recover a loss. Why do you think lien only applies to a company and not individuals???

[drawingthesun]

Dude you sound like an idiot, we are only entitled to the 100+ bitcoin that UKYO owes us, nothing more.

Minerpart, do you really believe we are entitled to more than the owed sum?

No I do not. I agree that we are only entitled to recover our losses and costs. Where did you get the idea that I thought otherwise???

PS - try to be civil.

Sorry my mistake, I read that as you wanting to hold all the assets to sell or incase we needed whatever amount of money.

I'm just getting frustrated that this subject keeps surfacing, Ken just put up 2000 bitcoin worth of UKYO's shares for all we know, it's not very professional and needs to be dealt with.

We need clarification whose shares are being offered for sale and if they are UKYO's the amount must be reduced to only cover the owed debt and nothing more.

[drawingthesun]

if it was personal funds Ken has no basis to hold UKYO's shares hostage.

You are wrong. If it is Kens personal money (which he said it is not) he has just as much right as any Bank or any individual to claim someone elses assets to recover a loss. Why do you think lien only applies to a company and not individuals???

Actually you are wrong here, in all cases of asset seizure there is a pecking order for debts. In the case of a loan the bank comes first and then individuals after.

If the funds UKYO owes are personal, then Ken is abusing his position. Think about it, Ken can only do this because the exchange closed down and Ken now gets to control the investor list. In the real world Apple can't go to NASDAQ and start taking peoples shares, no matter how much they owe.

[zumzero]

Let's keep this as civil as we can without name calling as it will only degrade from there.  We should all know better by now, water under the bridge and all that.  

[minerpart]

Why would Ukyo be holding ActM money?  Is Ken investing your coin on the side?  Lol, nevermind, he did trade Ghash.io to show you some hashpower, according to Bargraphics, so the answer's yes

I try not to talk to Trolls....

ACtM had BTC in WeEx for a few reasons, two of which were to pay divs and funds from the sale of IPO shares.

Please try to keep up.

[drawingthesun]

Why would Ukyo be holding ActM money?  Is Ken investing your coin on the side?  Lol, nevermind, he did trade Ghash.io to show you some hashpower, according to Bargraphics, so the answer's yes

Dude, this is why the discussion here derails into a turdfest. You are throwing baseless accusations at Ken. This is a matter where we ask Ken what the deal is, and I do remember he said they were ActiveMining funds.

And also, he was buying shares to move to CryptoStock at one point remember? Those Bitcoins could have been apart of that process and easily belong to the company.

[drawingthesun]

For the record, I almost had written this investment off but the latest news isn't so bad. If Ken can get us a 100GH/s+++ chip by mid 2014 I fully expect us to survive the competition.

[minerpart]

he was buying shares to move to CryptoStock at one point remember? Those Bitcoins could have been apart of that process and easily belong to the company.

Yes that is a third reason.

DTS you are getting all stressed out again, just when news is good/great. You do not need to worry about this. Worst-case-scenario is a court case and Ken has to repay the money back to Ukyo. I think that would NEVER happen.

http://legal-dictionary.thefreedictionary.com/lien

Other Liens

The published statutes of a state usually have a section on the topic of liens under which is listed most or all of the liens allowed by state law. A great number of persons in trade or business obtain liens for their services to personal property: garage keepers and warehouse owners for unpaid rent for storage; automobile mechanics for repairs; jewelers; dry cleaners and furriers; artisans for restoration of art objects; bankers; factors dealing in commodities; and many others. Not to be outdone, attorneys have a lien for their fees and may retain clients' files—perhaps containing vital information or documents needed by the client for work or family affairs—until the fees are paid


Lien is a widely used and recognised concept. Ken is doing the right thing.

[minerpart]

Ken was buying shares to move to CryptoStock?  

Everyone else on here knows that already - why don't you? The idea being to allow people to move their shares to Cryptostock from BF at no-cost.

Why don't you just FO you little Troll?

[iSnow]

Why don't you just FO you little Troll?

Because people react to him.

[knybe]

C'mon guys you were doing such a good job of ignoring crumbs... Why are you letting the trollings bait you into this shit fest that has already been decided.

FFS STOP THE MADNESS!

[zumzero]

Think about this guys before we all jump the gun..

There is no love lost between Ken and Ukyo, right?

If you were Ken, would you not sell as many of the shares as possible at as low a price as possible in order to (i) retrieve the btc owed and cover costs quickly, and (ii) use up as many of Ukyo's shares and hand him back as few as you could?

It seems Ken is almost doing quite the opposite by 'appearing' to get the best possible price with little regard to a time frame, but why?

Don't think for one minute that this is a rash decision that Ken will have come to without seeking legal aide.

Maybe start to consider the possibility that this is a chess move which has been well thought out and executed along with the upcoming potentialities.  I do think people underestimate Ken and, in good will, post their advice but really I think he's well ahead of the game and many of us.  Let's not worry so much about this as Ken knows exactly what he's doing.

[zumzero]

Ken was buying shares to move to CryptoStock?  

Everyone else on here knows that already - why don't you? The idea being to allow people to move their shares to Cryptostock from BF at no-cost.

Why don't you just FO you little Troll?

You were shouting at people the other day for engaging with the trolls.

[minerpart]

You were shouting at people the other day for engaging with the trolls.

No I was just typing in upper-case.

I think you may be right but if it were a chess move that would assume Ukyo has the BTC to pay back. I don't think he does. We will see. Either way ACtM gets it's 60k USD back (or whatever it is).



Edit - I don't think 'potentialities' is a proper word.  

[zumzero]

Lol, that's really funny because the word I changed it from wasn't either! 

[minerpart]

la la la la laaa


Anyone see the match last night?

[Ozymandias]

So is there a planned/estimated tape out date/month/quarter set for the full custom 28nm chips?

[JoTheKhan]

Yo someone bought 3 Shares for .01  

https://crypto-trade.com/tradex/ipo/amc_btc

Why?

That's $8 a share. Wow.

[canth]

Yo someone bought 3 Shares for .01  

https://crypto-trade.com/tradex/ipo/amc_btc

Why?

That's $8 a share. Wow.

For the same reason that you put your own $5 bill in your tip jar.

[JoTheKhan]

Yo someone bought 3 Shares for .01  

https://crypto-trade.com/tradex/ipo/amc_btc

Why?

That's $8 a share. Wow.

For the same reason that you put your own $5 bill in your tip jar.

Ahh thank you. That makes far more sense.