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

[st4nl3y]

ok, maybe it's too early for insults but my point is still valid 

[breadcrumbs]

Tomorrow is weekly PR day.

We hope that the following issues get addressed in the weekly crumbs of information for which we all scramble:

1. When will the transfer of shares be complete?
2. When will trading begin again?
3. Are you (CEO) really trying to sell Ukyo's shares for .01 before you reinstate trading for the rest of us?


The difficulties the other mining companies are having are a blessing for us, but we cannot rely on the problems of other companies to save us.

4. What the is ETA for transfer of share to be complete and trading to begin?


Remember, Active Mining still has a chance of being a great company and making us all lots of money, but only if the CEO takes some simple advice and meets his obligations to the shareholders.

[minerpart]

He is intentionally denying people the ability to trade their shares, while he trades for his own benefit.

errr I can't see how Ken recouping ACtM's lost 106,000 USD is him 'trading for himself'. You've been told enough times that this is ACtM money and that it will be going onto the ACtM balance sheet.

[minerpart]

3. Are you (CEO) really trying to sell Ukyo's shares for .01 before you reinstate trading for the rest of us?

The CEO is recovering important company funds. Without company funds the company fails and all our shares are worthless.

So obviously it's more important for all of us to have the 106BTC back on the balance sheet than have speculative trading resuming. Speculative trading does nothing for the long-term holders of ACtM shares and to prioritise that over company funds could mean long-term shareholders lose while speculators win.

I am not saying the listing of shares should be delayed, but that this unintentional delay (caused by the logistics of getting all the tendered shares up) does not do shareholders any harm - infact it benifits the company coffers and so benifits the future value of the shares. If ACtM is strong the shares will be strong.

Now that is all academic because so far Ken has raised less than 1 BTC from this listing.

[zumzero]

ok, maybe it's too early for insults but my point is still valid 

I removed my post and respect to you for amending yours.  

It is really difficult to hold it together all this time when we look around the Bitcoin space and see the progress that is being made, the speed of developments and the staggering increase in difficulty factor.  I'm holding high hopes for this weeks update and expect nothing less than a firm date for trading to commence and more light to be shed on the 55nm chips.  

[breadcrumbs]

Does Active Mining really need this 106 BTC right now?
Wasn't enough generated from the various IPOs?
Is there ANYONE who is prepared to buy shares of Active Mining for .01 right now?
If the CEO of Active Mining is waiting to sell all Ukyo's at the currently unjustified price of .01 (one day .01 will make sense, but not at the moment)
before transferring all our shares and reinstating full trading, we will be waiting until September, 2014.
The CEO should be focused on only two things right now, and neither of them is reading and deleting posts on here.

Those two tasks should be:
1) Getting trading re-started
2) Getting finished mining rigs completed

Anything else is a waste of energy, time and resources, both human, financial and technical. Ukyo's shares are not the problem, they are merely another distraction and excuse to do what is right and should come next.

[st4nl3y]

when you wake up and open your eyes you'll notice that in order to recover 106btc, 10600 must be sold at 0.01 Actm is trading for what.. 2 weeks and only 40 shares sold (probably to ken himself) since 14.01 nobody has bought a single share! where do you think this is going.. when do you think investors will be able to trade their shares..july..november..?.I would say never

[minerpart]

Interesting CoinTerra update via Reddit post: http://www.reddit.com/r/BitcoinMining/comments/1waoos/cointerra_hot_air_update_engineering_and/

TL;DR CoinTerra is having problems.

This is the sort of development that seems to go by with little mention on here. We can only know our own company by seeing it in the context of this emerging technology market that we are a part of.

Bitcoin ASIC design and development is beset with setbacks. Delays are par for the course. Yet when we experience a delayed 28nm chip, Ken becomes a scammer. Is that even rational?



Since the time when we all invested in this company and it's 28nm eASIC, Ken has taken on a taped out custom 55nm and it's developers. Ken has made this UMC 55nm project - at no cost to us - part of our portfolio. Why would he do that? We are getting all of this added potential for nothing - no outlay. Ken could have gotton involved with this other project under a different company name as a side issue and kept us out of it.


My question for the doubters is:

Why has Ken given us shareholders (for no outlay) the added potential of the custom 55nm chip when he had no obligation to do so under the terms of the IPO?

[st4nl3y]

Interesting CoinTerra update via Reddit post: http://www.reddit.com/r/BitcoinMining/comments/1waoos/cointerra_hot_air_update_engineering_and/

TL;DR CoinTerra is having problems.

My question for the doubters is:

Why has Ken given us shareholders (for no outlay) the added potential of the custom 55nm chip when he had no obligation to do so under the terms of the IPO?

because he had no choice?

[minerpart]

Wasn't enough generated from the various IPOs?

Around 3million is my estimate. Ken has said we don't need these funds right now but we may if the price of BTC falls.



The shares are not selling because they are not priced to sell.

I can't get over how naive some people are on here. The shares have been put well above the ACtM all-time-high for a reason - so they do not interfere with early days trading. If Ken wanted to sell to raise 106BTC he would have put 53,000 of them up at 0.002 and they would be gone by now. They have been put up for a few reasons one of which is for Ken to exercise his right under corporate lien to sell the shares to recover ACtM losses. They are not priced to sell and they will be sold at some time in the future when news or developments makes 0.01 a reasonable price.

I would not buy them at 0.01 right now. The news and situation right now suggests a price of 0.004BTC per share and above for this company.

[minerpart]

My question for the doubters is:

Why has Ken given us shareholders (for no outlay) the added potential of the custom 55nm chip when he had no obligation to do so under the terms of the IPO?

because he had no choice?

Can someone else try because that answer makes no logical sense whatsoever. He had no choice?? Can you elucidate?

[Minor Miner]

Why has Ken given us shareholders (for no outlay) the added potential of the custom 55nm chip when he had no obligation to do so under the terms of the IPO?

because he had no choice?

because he is likely going to face the SEC on the illegal IPO at some point, and he can deal with that with lawyers (I am sure he appreciated all your donations to that legal fund).   BUT, what most people probably do not want to deal with is the FBI or the Treasury prosecuting them for fraud and income tax evasion because those federal agencies' win rate is in the high 90s and prison time is also in the high 90s.
So, he needs to try his damnest to get you guys something because if this is declared a scam, he needed to report and pay taxes on $6-10M (or in the press it would be coins X highest trading price ever to make the arrest seem more cool).   The best way to keep the really scary feds away?   Actually try and do what he promised so that the shareholders do not start to consider themselves "victims" and start the process that would lead to headlines and grandstanding.

[minerpart]

when you wake up and open your eyes you'll notice that in order to recover 106btc, 10600 must be sold at 0.01 Actm is trading for what.. 2 weeks and only 40 shares sold (probably to ken himself) since 14.01 nobody has bought a single share! where do you think this is going.. when do you think investors will be able to trade their shares..july..november..?.I would say never

Buying shares at 0.01 values this company at $100M US dollars. That is $100M for:

- 6 85 Gh/s Avalons - worth perhaps $3600 TOTAL
- a report of 55 nm mask purchased - market value ~$300k
- 28 nm easic design that obviously failed and had to be scrapped
- A CEO that intentionally deceived investors into believing functional miners were shipped in November
- No balance sheets, no cashflow statements, and no evidence of an ability to perform in the future

As I have said before buying shares at 0.00001 would be a plausible gamble.  But still one with a likely outcome of 100% losses.

I respect this summary. The shares are not worth 0.01 on current news I agree. They are worth 0.004 and above. So a market cap of 40Mill USD +. For investors that represents very very good gamble for a company that has shown it can take multi-million dollar orders and has two chips in production that will supply both the top-end of the 28nm market and the budget end with a high-performance 55nm die ASIC.

[mainline]

My question for the doubters is:

Why has Ken given us shareholders (for no outlay) the added potential of the custom 55nm chip when he had no obligation to do so under the terms of the IPO?

because he had no choice?

Can someone else try because that answer makes no logical sense whatsoever. He had no choice?? Can you elucidate?

Sure.
He has given you nothing.
Neither the 28nm chips he originally promised, nor the 55nm chips he promised more recently.

[minerpart]

Why has Ken given us shareholders (for no outlay) the added potential of the custom 55nm chip when he had no obligation to do so under the terms of the IPO?

So, he needs to try his damnest to get you guys something because if this is declared a scam, he needed to report and pay taxes on $6-10M

Largely absurd, speculative and incoherent. Not a convincing answer.

[Minor Miner]

Why has Ken given us shareholders (for no outlay) the added potential of the custom 55nm chip when he had no obligation to do so under the terms of the IPO?

So, he needs to try his damnest to get you guys something because if this is declared a scam, he needed to report and pay taxes on $6-10M

Largely absurd, speculative and incoherent. Not a convincing answer.

Why don't you expand on your comment puppet because it is 100% accurate.

[mainline]

Why has Ken given us shareholders (for no outlay) the added potential of the custom 55nm chip when he had no obligation to do so under the terms of the IPO?

So, he needs to try his damnest to get you guys something because if this is declared a scam, he needed to report and pay taxes on $6-10M

Largely absurd, speculative and incoherent. Not a convincing answer.

^^Self-referential statements aren't funny.

[st4nl3y]

My question for the doubters is:

Why has Ken given us shareholders (for no outlay) the added potential of the custom 55nm chip when he had no obligation to do so under the terms of the IPO?

because he had no choice?

Can someone else try because that answer makes no logical sense whatsoever. He had no choice?? Can you elucidate?

IPO was for 28nm chips
no mention of 55nm
28nm intelliscam chips are going to be delayed and ken had no choice but to go for 55nm instead, because he can have them quicker.. and to keep the company alive. makes sense?

[Minor Miner]

My question for the doubters is:
Why has Ken given us shareholders (for no outlay) the added potential of the custom 55nm chip when he had no obligation to do so under the terms of the IPO?

because he had no choice?

Can someone else try because that answer makes no logical sense whatsoever. He had no choice?? Can you elucidate?

Maybe this is easier for you to understand Ken.   You should research this VERY carefully.
Illegal IPO, with promoting and pumping (possibly dumping) = SEC, probable fines, possibly short time prison.

Scam, where 100s of victims complain that you stole their money in a scheme that had no possibility of working and you continued to lie to these victims about the progress of the invest resulting in the victims losing a large portion of their money =  FBI, USPS Inspectors and Treasury Agents.  =  99.8% conviction rate and 99.6% federal prison sentence rate.

Is that simple enough for you slaughter?

You want to know how long they will investigate and chase you?  Start googling some of the penny stock scams (there are tons)  CMKM Diamonds comes to mind as a good one....

[minerpart]

Could you share how you come up with a value TODAY of $40M?  Claiming future sales, or mining revenue that don't exist now, and may never exist doesn't cut it.  For today's valuation the only thing you could do is estimate the cost to replicate what Ken has that might turn into those sales or revenue.  And my calculations put that well under $1M.

I'd love to see some real numbers that you use to rationalize your valuation.  I understand that it is difficult because Ken has failed to produce any credible financial statements, but I am curious about the bull case.  

You don't understand the concept of share issues if you think future earnings are not priced in to security value. Future earnings might not cut it for you but for Wall Street they do. Maybe Wall Street are wrong?

Your calculation, apart from being based on a false premise, is a bit clear of the mark considering we have several million in liquid assests.

I could quote you some real numbers that valued Sony at zero in 2012. It was making an annual loss for four years. Did share price reflect that loss of earnings  - yes. Did share price drop to reflect a value of negative 457Billion Yen? errr no.