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

[VinceSamios]

Interesting how many here defend Ukyo who stole money from the company. I wonder at your motives.

Still owes me a bunch personally - unfortunately Ken can't sell ukyo's shares in lien of what ukyo owes me too.

[Ukyo]

We are selling Ukyo shares on Crypto-Trade to recover our losses on Bitfunder.

We will start moving Investors shares to Crypto-Trade within the next 7 days.

I truly hope you have some plans for the following:

a. be able to distribute funds from the sale to weex users in debt.
or
b. explain to a court appointed handler where portions of my assets are.
(As well as explain to other weex users why your debt is more important than theirs)


Also:
What do you plan to do with all remaining funds?
It is no secret that there are plenty of shares to cover your personal accounts 100btc.
Or is the plan to continue to give no information at all, continue without any new information dates
with the last information of any kind about 5 months ago being a broken deadline so cause the prices
of ActM shares to drop so much you can continue to buy them back for pennies on the dollar compared
to what you pumped them to and be able to claim that all the shares I hold are worth less than the 100btc
you are personally having an issue with?

To be clear: I have no issues with 100% of funds from the sale of all ActM Shares assigned to me to be distributed to weex users.
Everyone should be able to see the numbers.

-Ukyo

[Ukyo]

Also it occurs to me that its amazing there are more updates about my personal shares than about ActM.

If everything is paid for, why are you so desperate for your 100btc worth?
Why not leave the shares locked until I have paid everyone back. Are you now having to heavily count on this 100btc?
This small fraction of btc that was taken in even though everything's been paid for?
Is it really worth the legal risk for the company to make arbitrary decisions with these shares or are you just in such a horrible need of money?

Be the risk from me, a court appointed trustee, or weex users ?

Seems like a rather rash and fast decision without need.

[fuckukyo]

Talking about "no information at all", Ukyo what about our money? Where? How? Why? When?

You started everything, sorry.

Also it occurs to me that its amazing there are more updates about my personal shares than about ActM.

If everything is paid for, why are you so desperate for your 100btc worth?
Why not leave the shares locked until I have paid everyone back. Are you now having to heavily count on this 100btc?
This small fraction of btc that was taken in even though everything's been paid for?
Is it really worth the legal risk for the company to make arbitrary decisions with these shares or are you just in such a horrible need of money?

Be the risk from me, a court appointed trustee, or weex users ?

Seems like a rather rash and fast decision without need.

[Pompobit]

Also it occurs to me that its amazing there are more updates about my personal shares than about ActM.

the same could be said about you and the weex money.
We are waiting for an update since when? 1 month?

And we still haven't a vague date of when (and if) the btc could be unstucked.


By the way, I agree that Ken has no rights to sell the Ukyo shares and pays back his debt with him

[minerpart]

If you want to play hard-ball Ukyo lets do it.

I think Ken should sue you for the damage to our business that will have occurred due to these funds being lost. We could have used this money for many tasks but Ken has had to take it off our balance sheet. We have not been able to plan around these funds.

I expect a million dollar law suit would put you into debt for the rest of your life and its something we have a high chance of winning. Lets play ball.

[nyc77]

Long time lurker (and small time investor) here.

We are selling Ukyo shares on Crypto-Trade to recover our losses on Bitfunder.

Bad move imho, until now at least. You should have put up your investor's shares first to get an indication of a fair market price, which would have been established within a few days. After that, your block of shares could have been sold for this price, at least to a large part. Putting up this number of shares that you own yourself (if that is even true) for this price plus excluding everyone else is a sign of greed.

We will start moving Investors shares to Crypto-Trade within the next 7 days.

Here's to hoping that you will at least start the process within the next 7 days... I think it is the only way you could ever sell that large block of shares. You need to get some large volume trading going and (re)establish confidence in your operation in order to make this work again.

[minerpart]

nyc77 you joined the forum today. welcome.

[VinceSamios]

By the way, I agree that Ken has no rights to sell the Ukyo shares and pays back his debt with him

It's not for you to agree or not, the law is quite simple and Ken is well within rights.

ukyo stating that Ken can sell shares and distribute to we-ex users strengthens ken's decision no end.

[Ukyo]

If you want to play hard-ball Ukyo lets do it.

I think Ken should sue you for the damage to our business that will have occurred due to these funds being lost. We could have used this money for many tasks but Ken has had to take it off our balance sheet. We have not been able to plan around these funds.

I expect a million dollar law suit would put you into debt for the rest of your life and its something we have a high chance of winning. Lets play ball.

Who said anything about playing anything?

I simply stated the facts.

Besides, Ken has the right to sue for his personal btc should he choose just like everyone.
However theft for theft for his own personal reasons is probably not good either.
Beit considered theft from me or theft from weex users. I have already said many times
that my intentions were to sell the share to distribute the proceeds to weex users.

There is nothing new in anything I have said. Just putting everything into prospective.

Ken just wants to make sure he gets his personal btc before everyone else.

[minerpart]

It is company btc and you are liable for ACtM's related business losses not Kens personal losses. Big difference.

By the way Ukyo, have you released the weex wallet details so people can examine your transaction history?

[zumzero]

We are selling Ukyo shares on Crypto-Trade to recover our losses on Bitfunder.

We will start moving Investors shares to Crypto-Trade within the next 7 days.

I truly hope you have some plans for the following:

a. be able to distribute funds from the sale to weex users in debt.
or
b. explain to a court appointed handler where portions of my assets are.
(As well as explain to other weex users why your debt is more important than theirs)


Also:
What do you plan to do with all remaining funds?
It is no secret that there are plenty of shares to cover your personal accounts 100btc.
Or is the plan to continue to give no information at all, continue without any new information dates
with the last information of any kind about 5 months ago being a broken deadline so cause the prices
of ActM shares to drop so much you can continue to buy them back for pennies on the dollar compared
to what you pumped them to and be able to claim that all the shares I hold are worth less than the 100btc
you are personally having an issue with?

To be clear: I have no issues with 100% of funds from the sale of all ActM Shares assigned to me to be distributed to weex users.
Everyone should be able to see the numbers.

-Ukyo

Thanks for posting Ukyo and clarifying your position.  Here's to a speedy resolution and one that is in all parties interests so that we can put this episode behind us and move forward without any potentially damaging episode that could involve legal action and hurt the entire community.

[minerpart]

zum you aren't quite getting it. He wants the shares split between all weex debtors. If that happens we get 5% of our money back??

He has come out and laid down an ultimatum to Ken and you are thanking him for it?!

[zumzero]

I truly hope you have some plans for the following:

a. be able to distribute funds from the sale to weex users in debt.
or
b. explain to a court appointed handler where portions of my assets are.
(As well as explain to other weex users why your debt is more important than theirs)


Also:


To be clear: I have no issues with 100% of funds from the sale of all ActM Shares assigned to me to be distributed to weex users.
Everyone should be able to see the numbers.

-Ukyo

Edit:  ActM is/was a Weexchange user.

[wasubii]

Pretty sure our company position is as follows:

If more than one person sue the same person and win, who gets the funds first? The person who won first. We have the shares, we will sell them, we are first. We get paid first.

Our shares
Our leverage

Everyone else can fight their own battle to get money off Ukyo and they can split whats left after we are done.

[zumzero]

Pretty sure our company position is as follows:

If more than one person sue the same person and win, who gets the funds first? The person who won first. We have the shares, we will sell them, we are first. We get paid first.

Our shares
Our leverage

Everyone else can fight their own battle to get money off Ukyo and they can split whats left after we are done.

We are owed 106btc and @ 0.01 per share that is only 10,600 shares.  The remainder can go to pay off the rest of the community who Ukyo let down financially.  Ken becomes the first Bitcoin Robin Hood and ActM becomes hot property.  No legal action required.  It is an unnecessary danger.

Edit:  even if there was a case and ActM won, the legal costs would come out of the Ukyo funds which reduces the available funds to repay the larger community.

[Bargraphics]

I don't recall him agreeing at all. I actually remember him saying what Ken is doing is blatantly wrong and illegal. He said something along the lines of his personal shares of ACTM have nothing to do with the Bitfunder/Weexchange issue and Ken can't just take them from him.

I remember him saying that as well at the beginning and he clarified in a few earlier posts (Thank you Ukyo)

To be clear: I have no issues with 100% of funds from the sale of all ActM Shares assigned to me to be distributed to weex users.
Everyone should be able to see the numbers.

-Ukyo

All we need now is Ken to clarify that once his 106 BTC is gained back from shares, will the rest of the BTC from shares sold be given to Ukyo to distribute to WeEx users.

I imagine that Ken only wants the companies BTC back plus possibly legal expenses which would make sense.

[minerpart]

OK if we sell these shares Ukyo wants all the proceeds divided equally not us first and everyone else later. Now do the maths. I don't know how much he owes and to how many people.

[Thumper650]

Interesting how many here defend Ukyo who stole money from the company. I wonder at your motives.

The game mechanics are the same as for the kids defending Ken Slaughter.  Ken promised you the moon, took everyone's coin, and lied to you from that point on.
And yet this thread is chock full of Ken defenders.  What are *your* motives?

It's not surprising that the thread topic has become "Rage at a Bigger Shit Than Ken".  This behavior is a common coping technique among apes.
When a well-adjusted ape is attacked, he attempts to redirect the attackers toward a weaker, more vulnerable ape.
The technique is proving quite successful here.

[zumzero]

OK if we sell these shares Ukyo wants all the proceeds divided equally not us first and everyone else later. Now do the maths. I don't know how much he owes and to how many people.

I've done a little digging and figure that if Ken managed to sell all Ukyo's shares at 0.01btc per share, then after we recouped 106btc for ActM and paid the other 2214btc to the community, there would still be just over 3500btc outstanding that Ukyo would still owe the community.