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

[navitatl]

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.

Then why were they all for sale at .001? Because the rules are made up as we go along.

[VolanicEruptor]

@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.

500%

[interJ]

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.

While we're all keen to throw about deadlines for people, maybe we should give you ten days to get shares back in shareholders hands. You don't really seem to be too concerned about us.

[minerpart]

All 10mill shares get divs no matter what people pay for them and we can only take 106btc from these assets - no more. Its not so hard to understand.

If Ken sold them at 0.01 we would still only make 106 btc from them.

nav there are no rules Ken can offer them to the market at any price - what rules??

[JoTheKhan]

Miner people are upset (me included) because it seems Ken's plan all along was to sell these shares before we got access to ours. We were supposed to have access to ours by now but we don't.

Does ken need 106BTC right now? ( he shouldn't )

He is actively lowering the price per share when so many people want out. So many people want out of this company, but who the hell wants to compete with Ken lowering the price to .0005 and maybe even lower

[navitatl]

All 10mill shares get divs no matter what people pay for them and we can only take 106btc from these assets - no more. Its not so hard to understand.

If Ken sold them at 0.01 we would still only make 106 btc from them.

nav there are no rules Ken can offer them to the market at any price - what rules??

So you're telling me if someone had bought up all 230k shares at .01, Ken would have sent the excess BTC back to Ukyo?

Obviously Ken can do whatever he want because he's the only one with shares, but from a business standpoint it doesn't make very much sense. And I have to agree with VE that it comes across very much like an exit strategy.

Just call the share value .0005. Boom, we've got 115 BTC worth of assets back from Ukyo. If they appreciate in the future, the company will be in even better shape.

[redbeans2012]

Just did my bi-monthly check in to see how my investment is doing.  Yep. 

[mainline]

All 10mill shares get divs no matter what people pay for them and we can only take 106btc from these assets - no more. Its not so hard to understand.
...

If Ken plans to pay .0025 per share in divs, it's much smarter to destroy the shares than sell them @.0005.  .002 per share smarter, to be precise.

@VE:  Nah, it's only 400%.  Ken has to pay extra .0020, not .0025.

[JoTheKhan]

All 10mill shares get divs no matter what people pay for them and we can only take 106btc from these assets - no more. Its not so hard to understand.
...

If Ken plans to pay .0025 per share in divs, it's much smarter to destroy the shares than sell them @.0005.  .002 per share smarter, to be precise.

@VE:  Nah, it's only 400%.  Ken has to pay extra .0020, not .0025.

Agreed. Destroying the shares will net him way more money if he plans to pay the .0025 per share.

Ken can you please give us an update about our share situation.

[kleeck]

All 10mill shares get divs no matter what people pay for them and we can only take 106btc from these assets - no more. Its not so hard to understand.

If Ken sold them at 0.01 we would still only make 106 btc from them.

nav there are no rules Ken can offer them to the market at any price - what rules??

So you're telling me if someone had bought up all 230k shares at .01, Ken would have sent the excess BTC back to Ukyo?

Obviously Ken can do whatever he want because he's the only one with shares, but from a business standpoint it doesn't make very much sense. And I have to agree with VE that it comes across very much like an exit strategy.

Just call the share value .0005. Boom, we've got 115 BTC worth of assets back from Ukyo. If they appreciate in the future, the company will be in even better shape.

The shares are not Ken's, they are ActMs. You have to be pretty dense or just simply love slinging complete bullshit (which is absolutely the case with VE  ) to say that Ken recouping his losses to Ukyo is an exit strategy. And yes, the way the corporate lien works, as I understand it, is that Ken only gets to recoup his company's loss from Ukyo (106BTC) by executing the lien. The rest would go back to Ukyo to deal with his debts as he sees fit.

As usual we have a pretty simple, cut and dried scenario here being obfuscated and fudstered. Real neat.

[minerpart]

Jo-

I know you might not see it this way but this is a great buying opportunity. Why not buy more shares?

You might want out but I want this company to succeed and if Ken thinks ACtM should secure this 106 btc right now then he should.

Ken can't destroy the shares they are Ukyo's seized assets.

[mannybitcoins]

Ken can we get your thought process behind why you've decided to sell the shares at .0005? Why do you need to sell the shares so quickly?

[JoTheKhan]

I know you might not see it this way but this is a great buying opportunity. Why not buy more shares?

You might want out but I want this company to succeed and if Ken thinks ACtM should secure this 106 btc right now then he should.

Ken can't destroy the shares they are Ukyo's seized assets.

Because I can guarantee you the price will go lower than this. Especially now that ken put up such a huge sell wall.

[mainline]

Jo-

I know you might not see it this way but this is a great buying opportunity. Why not buy more shares?
...

ROFL!!1!!1!
U can't be 4 realz!

@"Ken can't destroy the shares they are Ukyo's seized assets." lelelelelellee

@everyone:  Extra lulzy - shit ain't selling at .0005.  Way less than a single BTC sold

[navitatl]

The shares are not Ken's, they are ActMs. You have to be pretty dense or just simply love slinging complete bullshit (which is absolutely the case with VE  ) to say that Ken recouping his losses to Ukyo is an exit strategy. And yes, the way the corporate lien works, as I understand it, is that Ken only gets to recoup his company's loss from Ukyo (106BTC) by executing the lien. The rest would go back to Ukyo to deal with his debts as he sees fit.

As usual we have a pretty simple, cut and dried scenario here being obfuscated and fudstered. Real neat.

So when Ken lowered the price, Ukyo lost out on ~2185 BTC. Now there is no "the rest".

How is that any better than simply destroying the shares? Please educate me on whatever arcane code of conduct we're following.

[minerpart]

nav I already told you - look up lien. These shares are not ours to destroy.

[kleeck]

The shares are not Ken's, they are ActMs. You have to be pretty dense or just simply love slinging complete bullshit (which is absolutely the case with VE  ) to say that Ken recouping his losses to Ukyo is an exit strategy. And yes, the way the corporate lien works, as I understand it, is that Ken only gets to recoup his company's loss from Ukyo (106BTC) by executing the lien. The rest would go back to Ukyo to deal with his debts as he sees fit.

As usual we have a pretty simple, cut and dried scenario here being obfuscated and fudstered. Real neat.

So when Ken lowered the price, Ukyo lost out on ~2185 BTC. Now there is no "the rest".

How is that any better than simply destroying the shares? Please educate me on whatever arcane code of conduct we're following.

He lost 100BTC from the company books to Ukyo. That isn't cause to destroy shares, ffs... Where do you clowns come from?! The shares are an asset claimed by Ken via the lien to recoup his losses. His current listing price will recoup his losses.

It's all very complicated, clandestine, and conspiratorial.  

[wasubii]

This cluster-fuck just keeps getting more cluster-fucky

[mainline]

Guys, wise kleek is totally right - this is no big deal.
Barely any shares are getting sold.  It doesn't matter.

Your shares are officially worthless...

[VolanicEruptor]

What I would have given to be in Ukyo's shoes!  I would have kept every BTC and then laughed in Kens face "Go ahead, destroy my worthless shares!".  Ukyo is my idol, actually..