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equipoise
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February 03, 2014, 10:19:39 PM
Last edit: February 03, 2014, 10:34:17 PM by equipoise |
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You are correct... $50 in shipping on thousands of pounds of gear...
I can go on but the paint's almost dried.
'Total Fixed Costs - $1,340,000'^Shipping costs are accumulated in those $1,340,000 and the data center expenses are calculated in the "Electricity Costs" of the calculator. Otherwise Ken is giving us wrong figures and I highly doubt this is the case - I still believe Ken is giving us figures to the best of his knowledge of the current situation. |
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thefunkybits
Legendary
 Offline
Activity: 1218
Merit: 1000
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February 03, 2014, 10:57:02 PM |
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Ukyo's 230K wall on Crypto Trade has just moved down to .0005! Another shot at IPO #1 prices  |
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navitatl
Member
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Activity: 119
Merit: 10
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February 03, 2014, 11:03:13 PM |
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Ukyo's 230K wall on Crypto Trade has just moved down to .0005! Another shot at IPO #1 prices Why would you do this, Ken?  |
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mainline
Newbie
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Activity: 56
Merit: 0
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February 03, 2014, 11:05:08 PM |
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Ukyo's 230K wall on Crypto Trade has just moved down to .0005! Another shot at IPO #1 prices Why would you do this, Ken? For teh lulz! Keep it up for the win, Ken. They're loving it! |
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kslaughter (OP)
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February 03, 2014, 11:05:57 PM |
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Ukyo's 230K wall on Crypto Trade has just moved down to .0005! Another shot at IPO #1 prices Why would you do this, Ken? To recover the 100 BTC owed to Active Mining plus cost. Ukyo had 10 days to pay Active Mining the 100 BTC plus cost and he has failed to pay that. So, we are selling his shares to pay his debt. |
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minerpart
Sr. Member
Offline
Activity: 280
Merit: 250
IIIIII====II====IIIIII
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February 03, 2014, 11:07:39 PM |
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Good job. Lets get this money back onto the ACtM balance sheet asap.
Jesus what a bargain.
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navitatl
Member
Offline
Activity: 119
Merit: 10
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February 03, 2014, 11:09:37 PM |
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To recover the 100 BTC owed to Active Mining plus cost. Ukyo had 10 days to pay Active Mining the 100 BTC plus cost and he has failed to pay that. So, we are selling his shares to pay his debt.
Wouldn't it make more sense to just destroy his shares, rather than push the price down to pre-IPO levels before anyone even has the chance to trade? You're basically throwing away .002 "investor guaranteed" BTC per share when you sell at that price. It's a very questionable choice IMO. |
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JoTheKhan
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February 03, 2014, 11:12:18 PM |
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Ukyo's 230K wall on Crypto Trade has just moved down to .0005! Another shot at IPO #1 prices Why would you do this, Ken? To recover the 100 BTC owed to Active Mining plus cost. Ukyo had 10 days to pay Active Mining the 100 BTC plus cost and he has failed to pay that. So, we are selling his shares to pay his debt. Lol.. Someone bought 60 shares at $8 each only for the shares to drop down to $0.4 right after.. |
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kslaughter (OP)
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February 03, 2014, 11:12:49 PM |
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To recover the 100 BTC owed to Active Mining plus cost. Ukyo had 10 days to pay Active Mining the 100 BTC plus cost and he has failed to pay that. So, we are selling his shares to pay his debt.
Wouldn't it make more sense to just destroy his shares, rather than push the price down to pre-IPO levels before anyone even has the chance to trade? You're basically throwing away .002 "investor guaranteed" BTC per share. Just want to recover Active Mining BTC, while we can. These are a bargain and should go very quick. |
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mainline
Newbie
Offline
Activity: 56
Merit: 0
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February 03, 2014, 11:13:04 PM |
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Good job. Lets get this money back onto the ACtM balance sheet asap.
Jesus what a bargain.
Yeah! Say you love it! Edit: Where is Tink when you need her?! |
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navitatl
Member
Offline
Activity: 119
Merit: 10
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February 03, 2014, 11:17:03 PM |
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Just want to recover Active Mining BTC, while we can. These are a bargain and should go very quick.
That implies little confidence that each share will receive .0005+ in dividends in a reasonable time frame. Otherwise THAT would be the best way to "recover Active Mining BTC". |
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SebastianJu
Legendary
Offline
Activity: 2674
Merit: 1082
Legendary Escrow Service - Tip Jar in Profile
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February 03, 2014, 11:18:47 PM |
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To recover the 100 BTC owed to Active Mining plus cost. Ukyo had 10 days to pay Active Mining the 100 BTC plus cost and he has failed to pay that. So, we are selling his shares to pay his debt.
Wouldn't it make more sense to just destroy his shares, rather than push the price down to pre-IPO levels before anyone even has the chance to trade? You're basically throwing away .002 "investor guaranteed" BTC per share. Just want to recover Active Mining BTC, while we can. These are a bargain and should go very quick. Great reading that from the CEO of the security everyone here is a shareholder. The rats are leaving the sinking ship... something like that is the sound of it. And like i guessed... we wont trade until these stupid 100BTC are back... |
Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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minerpart
Sr. Member
Offline
Activity: 280
Merit: 250
IIIIII====II====IIIIII
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February 03, 2014, 11:19:19 PM |
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You're basically throwing away .002 "investor guaranteed" BTC per share when you sell at that price. It's a very questionable choice IMO.
That's not correct. Every share gets the same div payout and it doesn't matter who owns them or what they paid. ACtM will only get their lost money back from this no more. So the price they go for has zero impact on us so long as we make our BTC back. |
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JoTheKhan
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February 03, 2014, 11:20:46 PM |
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To recover the 100 BTC owed to Active Mining plus cost. Ukyo had 10 days to pay Active Mining the 100 BTC plus cost and he has failed to pay that. So, we are selling his shares to pay his debt.
Wouldn't it make more sense to just destroy his shares, rather than push the price down to pre-IPO levels before anyone even has the chance to trade? You're basically throwing away .002 "investor guaranteed" BTC per share. Just want to recover Active Mining BTC, while we can. These are a bargain and should go very quick. |
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gaba
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February 03, 2014, 11:21:13 PM |
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Just want to recover Active Mining BTC, while we can. These are a bargain and should go very quick.
Nice move. Now we all know that shares are worthless. |
LWWE6dtTUXuaq36KTCne5XqMQHfhfwpadC
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navitatl
Member
Offline
Activity: 119
Merit: 10
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February 03, 2014, 11:22:44 PM |
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You're basically throwing away .002 "investor guaranteed" BTC per share when you sell at that price. It's a very questionable choice IMO.
That's not correct. Every share gets the same div payout and it doesn't matter who owns them or what they paid. ACtM will only get their lost money back from this no more. So the price they go for has zero impact on us so long as we make our BTC back. If each share is going to receive .0025 in dividends, then selling them for .0005 is an undervaluation of company assets, and a poor decision. Hold the shares, let the dividends flow back into the company. If you have to sell them at a "bargain" to get rid of them, why sell them at all. Do you need the BTC, Ken? I don't speak up much on here but this is choice reflects VERY poorly on the company and your opinion of its future. |
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VolanicEruptor
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February 03, 2014, 11:25:32 PM |
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You're basically throwing away .002 "investor guaranteed" BTC per share when you sell at that price. It's a very questionable choice IMO.
That's not correct. Every share gets the same div payout and it doesn't matter who owns them or what they paid. ACtM will only get their lost money back from this no more. So the price they go for has zero impact on us so long as we make our BTC back. If each share is going to receive .0025 in dividends, then selling them for .0005 is an undervaluation of company assets, and a poor decision. Hold the shares, let the dividends flow back into the company. If you have to sell them at a "bargain" to get rid of them, why sell them at all. Do you need the BTC, Ken? I don't speak up much on here but this is choice reflects VERY poorly on the company and your opinion of its future. its obviously an exit strategy, there is nothing left of ActM. No successful CEO would sell shares for 5x below IPO.  |
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minerpart
Sr. Member
Offline
Activity: 280
Merit: 250
IIIIII====II====IIIIII
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February 03, 2014, 11:26:35 PM |
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navitatl
You don't understand lien. We can not legally take any more than 106 btc from these assets. We can't keep the divs then sell shares to the value of 106btc.
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MilkyWayMasta
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February 03, 2014, 11:26:51 PM |
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You're basically throwing away .002 "investor guaranteed" BTC per share when you sell at that price. It's a very questionable choice IMO.
That's not correct. Every share gets the same div payout and it doesn't matter who owns them or what they paid. ACtM will only get their lost money back from this no more. So the price they go for has zero impact on us so long as we make our BTC back. If each share is going to receive .0025 in dividends, then selling them for .0005 is an undervaluation of company assets, and a poor decision. Hold the shares, let the dividends flow back into the company. If you have to sell them at a "bargain" to get rid of them, why sell them at all. Do you need the BTC, Ken? I don't speak up much on here but this is choice reflects VERY poorly on the company and your opinion of its future. He gave Ukyo 10 days to pay up the funds, he didn't so Ken is liquidating his shares. |
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mainline
Newbie
Offline
Activity: 56
Merit: 0
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February 03, 2014, 11:30:45 PM |
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@idiots above: If Ken is planning to honor his .0025 per share promise, he is effectively taking out a loan @ 400% interest by selling those shares @.0005. Learn to money. |
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