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

[somestranger]

I think Ken should put up a bid wall at .005 before we go live to prevent panic sells.
Anyone else think it's a good idea?

So basically you want the company to throw away money buying shares back? People panic selling has no impact on the company's ability to move forward. If you really want share buybacks then they could be done 10x cheaper for .0005 which the original IPO was done at.

[minerpart]

The short-term price of shares is not the CEO's concern. If you want to sell, do so, if you want to hold do so. These shares will start paying off in a month? 6weeks? But as the chances of our investment making ROI+ has recently gone up 1000% I don't see many bids below 0.003 being filled for long.

As I worked out some days ago. If we can take and then hold just 1.25% of global hash by beginning of April, and meet our predicted sales figures, and see BTC appreciate to an average of 5k USD over the current full year year then we will see a dividend payment that would project into a share price of 0.031BTC per share.

link to my post

[mainline]

I think Ken should put up a bid wall at .005 before we go live to prevent panic sells.
Anyone else think it's a good idea?

So basically you want the company to throw away money buying shares back? People panic selling has no impact on the company's ability to move forward. If you really want share buybacks then they could be done 10x cheaper for .0005 which the original IPO was done at.

I thought the .0005 IPO was for VMC, and the AMC IPO was @.0025?  Or were there there 2 AMC IPOs?
Would it be possible to have a third IPO?  Start fresh on the new exchange?
I've been doing some serious brainstorming, I got really cool spreadsheets with formulas and shit if you guys like math...

[MrTeal]

The short-term price of shares is not the CEO's concern. If you want to sell, do so, if you want to hold do so. These shares will start paying off in a month? 6weeks? But as the chances of our investment making ROI+ has recently gone up 1000% I don't see many bids below 0.003 being filled for long.

As I worked out some days ago. If we can take and then hold just 1.25% of global hash by beginning of April, and meet our predicted sales figures, and see BTC appreciate to an average of 5k USD over the current full year year then we will see a dividend payment that would project into a share price of 0.031BTC per share.

link to my post

That's a big just. Right now the network hashrate is ~17PH. Even if by the beginning of April it's only double what it is now, 1.25% would be a 425TH/s mining farm. Given the 55nm specs, you're looking at almost 1MW draw to power that much equipment (plus cooling). That's not something you just throw together in a month.

[minerpart]

I thought the .0005 IPO was for VMC, and the AMC IPO was @.0025?  Or were there there 2 AMC IPOs?
Would it be possible to have a third IPO?  

Yes, the original IPO (for VMC) was re-written after shareholder demands into an IPO for ACtM. That was to ensure shareholders get a guaranteed 0.0025 BTC per share payout before Ken's shares get any dividends.

VMC is now a wholly owned subsidiary of ACtM. Essentially VMC is the manufacturing side of ACtM and shareholders in ACtM get all of the VMC profits. There are no longer any shares in VMC.

There is no need for a third IPO. Ken has sufficient funds to progress. He has never said we need to raise anymore funds from shareholders and has not asked for any more funds from shareholders.
The second IPO was actually a continuation of the first and was the shareholders idea.

[JoTheKhan]

I think Ken should put up a bid wall at .005 before we go live to prevent panic sells.
Anyone else think it's a good idea?

I do not.

I am against for two reasons.

1. Ken should not have control of the price of shares like that, I'm against the shares he has up now. It's unethical imho.

2. I don't think they will be locking the security when shares start going out. I can pretty much feel it with every fibre of my being that this security will not be locked as some people gain their shares before others. This means the people who gain their shares first can sell through the .005 wall and then (if they want) wait for shares to crash which they will inevitably do until we get some substantial proof of anything Ken has said and buy shares for 1/2 or 1/5 or 1/10 or 1/100 what they just sold them for.

As always, so that I am not called some Fudster or what not. I have faith that this company will succeed and do not plan to sell my shares unless the price hits a number that I am very sure it won't be hitting anytime soon.

[Bitdust]

Oh well.  Seemed like a good idea at the time.

[mainline]

I thought the .0005 IPO was for VMC, and the AMC IPO was @.0025?  Or were there there 2 AMC IPOs?
Would it be possible to have a third IPO?  

Yes, the original IPO (for VMC) was re-written after shareholder demands into an IPO for ACtM. that was to ensure shareholders get a guaranteed 0.0025 BTC per share payout before Ken's shares get any dividends.

VMC is now a wholly owned subsidiary of ACtM. Essentially VMC is the manufacturing side of ACtM and shareholders in ACtM get all of the VMC profits. There are no longer any shares in VMC.

There is no need for a third IPO. Ken has sufficient funds to progress. He has never said we need to raise anymore funds from shareholders and has not asked for any more funds from shareholders.
The second IPO was actually a continuation of the first and was the shareholders idea.

So let's have another IPO?  The second one worked pretty well?

[VinceSamios]

About difficulty and network hash rate....

To reach 1500PH with the current cheapest hardware would take $4.5 BILLION invested in mining gear, to run that 1500ph/s at 1w/gh, with the cheapest leccy (1.7 cents/kwh) would cost $25.5 million PER DAY

At current bitcoin prices, daily mined bitcoins are only worth about $3.6 million.

Something would massively have to change (bitcoin to $10,000?) for difficulty to EVER hit 1500ph/s and that wouldn't stop ActM from being a viable company and competitor in the mining and retail markets.

[minerpart]

So let's have another IPO?  The second one worked pretty well?

Do you know what an IPO is for? Raising funds. We don't need to raise anymore funds.

You can't really have a second one anyway it's an initial PO. There really was only one, the 'second' was just a re-write and offer-price of shares was adjusted due to market demand.

[somestranger]

You can't really have a second one anyway it's an initial PO. There really was only one, the 'second' was just a re-write and offer-price of shares was adjusted due to market demand.

Well there was an IPO for AMC at .0005 which went towards buying Avalon chips etc. Then the second IPO at .0025 was when the company was restructured so that ActiveMining would become the parent company of both AMC and VMC. The price was not due to market demand. It was the amount that the remaining shares of the 10 million had to be sold at to reach the $1M NRE for eASIC and only ~115,000 shares are left out of the 10,000,000 public shares.

[breadcrumbs]

The idea that the CEO of Active Mining should put up a bid wall is very, very, very stupid.

Any money from any source should not be used to hike up share price.
The CEO of Active Mining should spend his time bringing miners to market and bringing miners to be online and hashing.

The price of shares should be maintained based upon dividends being paid out and the real value of the company.

The CEO of Active Mining needs to transfer all shares to the same exchange at the same time and let market forces control the price of the stock.
At this point, the price of the stock should not affect what the CEO needs to do.
There should be enough funds from the various IPOs do do what needs to be done.
If there isn't, then we either have been lied to, or the incompetence is greater than we had thought.

At this point, when trading begins again, if the share price drops to next to nothing, that still should not make a difference since Active Mining already does have all the funds it should require to complete its task.

If all the frustrated shareholders who have been waiting dump their shares, that still should not affect what the CEO does.

The only things that should affect the price of the shares is faith in the company, and that is a function of the progress of development to the goal of mining on our own hardware.

Since Ken Slaughter has already hired engineers to design the chips and board, there is nothing to delay him from getting trading to resume this week.

[minerpart]

Well there was an IPO for AMC at .0005 which went towards buying Avalon chips etc. Then the second IPO at .0025 was when the company was restructured so that ActiveMining would become the parent company of both AMC and VMC. The price was not due to market demand. It was the amount that the remaining shares of the 10 million had to be sold at to reach the $1M NRE for eASIC and only ~115,000 shares are left out of the 10,000,000 public shares.

I stand corrected. I wasn't around at the time of the first launch but shortly after and haven't refreshed my memory of those heady days for some time. Thanks. 

[Vigil]

Lead miner at Eligius is at 500 TH/s. The mining rigs that this entity has are the sloppiest miners around, completely unable to remain stable, but they work.

http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

[mainline]

So let's have another IPO?  The second one worked pretty well?

Do you know what an IPO is for? Raising funds. We don't need to raise anymore funds.

You can't really have a second one anyway it's an initial PO. There really was only one, the 'second' was just a re-write and offer-price of shares was adjusted due to market demand.

I still like the idea of the third IPO, we can use the funds to refund the millions Active Mining got in pre-orders for the 28nm boards that Active Mining won't be delivering.
And then Ken could use the rest of the money for the .005 bid wall?  Why not?

[minerpart]

Why not?

Because you are a dick.

Edit: And a pathetic specimen of a human being.

[mainline]

I'll get you, my pretty, and your little dog, Toto too!

[Vigil]

I'll get you, my pretty, and your little dog, Toto too!

The witch doesn't actually use the dog's name.

It is just: "I'll get you, my pretty, and your little dog too! Ah hahahaha!"

[zumzero]

crumbs has stooped to a new low and is now shitting all over the NEOBEE thread with the same crap that he has used on this one.  Do not reply to mainline and please avoid quoting him if you must.

[gogxmagog]

Lead miner at Eligius is at 500 TH/s. The mining rigs that this entity has are the sloppiest miners around, completely unable to remain stable, but they work.

http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

I would guess this is Luke Jr.'s rig(s)