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

[coinfresh]

No, I am not willfully withholding shareholder access to their shares to have unimpeded access to the market.  I am liquidating the shares due to the above reasons.

Ken, you gotta be upfront with us. Are you waiting to put shareholder shares up until ukyo's shares have been liquidated? This is something that you should state out in the open.

[MilkyWayMasta]

No, I am not willfully withholding shareholder access to their shares to have unimpeded access to the market.  I am liquidating the shares due to the above reasons.

Ken, you gotta be upfront with us. Are you waiting to put shareholder shares up until ukyo's shares have been liquidated? This is something that you should state out in the open.

Let's not forget normal action for Ken would be to sue Ukyo for the money owed and Ukyo has already stated that if anyone were to sue him he'd just declare bankruptcy and that no one would get paid.

Ken has no obligation to Ukyo's debts and only has obligation to his shareholders regarding this transaction.

That said; I don't think anyone really has issue with the price... the real issue is that Ken has started trading shares before he's returned access to our own. If we were open trading right now the market would set that price not Ken. We should have resumed normal trading before Ken dumped those shares; you can make what ever excuse you want about it... it just is wrong to do it this way.

You made the point that Ukyo could declare bankruptcy.  This is why we have to have a fire sale at this time.  Should Ukyo declare bankruptcy, the court would put a stay on selling any of his assets, and Active Mining would be stuck until the court confirmed that our lien on the shares comes before other debtors.  
So, this is the reason for putting up the shares at this time ahead of other shareholders being allowed to trade.

[VinceSamios]

No, I am not willfully withholding shareholder access to their shares to have unimpeded access to the market.  I am liquidating the shares due to the above reasons.

Ken, you gotta be upfront with us. Are you waiting to put shareholder shares up until ukyo's shares have been liquidated? This is something that you should state out in the open.

Let's not forget normal action for Ken would be to sue Ukyo for the money owed and Ukyo has already stated that if anyone were to sue him he'd just declare bankruptcy and that no one would get paid.

Ken has no obligation to Ukyo's debts and only has obligation to his shareholders regarding this transaction.

That said; I don't think anyone really has issue with the price... the real issue is that Ken has started trading shares before he's returned access to our own. If we were open trading right now the market would set that price not Ken. We should have resumed normal trading before Ken dumped those shares; you can make what ever excuse you want about it... it just is wrong to do it this way.

You made the point that Ukyo could declare bankruptcy.  This is why we have to have a fire sale at this time.  Should Ukyo declare bankruptcy, the court would put a stay on selling any of his assets, and Active Mining would be stuck until the court confirmed that our lien on the shares comes before other debtors.  
So, this is the reason for putting up the shares at this time ahead of other shareholders being allowed to trade.

What ken is saying is "this is why we couldn't wait to list these shares"
What ken isn't saying is "we are purposely holding back everyone elses ability to trade so we can sell ukyo's shares"

[Entropy-uc]

You made the point that Ukyo could declare bankruptcy.  This is why we have to have a fire sale at this time.  Should Ukyo declare bankruptcy, the court would put a stay on selling any of his assets, and Active Mining would be stuck until the court confirmed that our lien on the shares comes before other debtors.  
So, this is the reason for putting up the shares at this time ahead of other shareholders being allowed to trade.

What ken is saying is "this is why we couldn't wait to list these shares"
What ken isn't saying is "we are purposely holding back everyone elses ability to trade so we can sell ukyo's shares"

I am sure you would like to believe this.  And of course intent is impossible to be certain of in any case.

But actions speak very clearly.  And the action here is dumping shares while continuing to not allow anyone else to trade.

[sparky999]

Just me or have ukyos shares been pulled?

[minerpart]

Just you.

[mainline]

Lol, OK.  Who's the boss trader that just bought 516@0.0006 and put them all up @0.00069999?
Disciple of the 99.99 school of trading?

Rinse and repeat - 514@0.00079999
Teh heady world of high finance...

[drawingthesun]

Just me or have ukyos shares been pulled?

Right now 77,000 have been sold and about 86,000 are on the order book. So we are missing about 70,000 of UKYO's shares.

[JoTheKhan]

~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.

The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods.

Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc.

[drawingthesun]

~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.

The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods.

Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc.

A simple calculation taking into account the several month wait time and the rising difficulty shows we would need at least 5,000 TH/s to make 25,000 bitcoin.

You are correct, the 28nm are required to make our 0.0025 back, as the 55nm cannot do this unless ken is planning to run 2 million of those chips!

2 million!

2 million!!

OMG!

[drawingthesun]

Isn't it about time we are given back our shares and allowed to trade?

[MilkyWayMasta]

~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.

The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods.

Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc.

3600 BTC are mined every day, 108,000 BTC every month. If ACTM can control..

1% of the hashrate, 1080 BTC per month, 50/50 Investment/Dividends = 47 months for 0.0025 BTC per share in dividends
2% = 23.5 months
4% = 11.75 months

This is only considering dividends being received from the mining farm and none from actual sales of hardware which Ken projects to be $40 million this year. 25,000 BTC (right now) is $20 million bucks.

[JoTheKhan]

~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.

The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods.

Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc.

3600 BTC are mined every day, 108,000 BTC every month. If ACTM can control..

1% of the hashrate, 1080 BTC per month, 50/50 Investment/Dividends = 47 months for 0.0025 BTC per share in dividends
2% = 23.5 months
4% = 11.75 months

This is only considering dividends being received from the mining farm and none from actual sales of hardware which Ken projects to be $40 million this year. 25,000 BTC (right now) is $20 million bucks.

$40 Million in sales does not mean $40 Million in profits.

[arousedrhino]

here's an example of a really good ASIC manufacturer update:

KnC News Update

Concise and well written and English isn't even their first language.

also, more importantly, a backup plan to deliver hashing power no matter what.

…just saying.

Really? This sentence didn't make any sense to me, did it to you?

To make sure that everyone who has paid for their Neptune we are building a data centre like no other. It is located in the north of Sweden not far from Facebook and other Mega Data Centres and it’s totally powered by renewable energy.

To make sure that everyone who has paid for their Neptune order ......

Were building a data center like no other. More about the data center. Wheres the end of the first sentence?

[MilkyWayMasta]

~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.

The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods.

Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc.

3600 BTC are mined every day, 108,000 BTC every month. If ACTM can control..

1% of the hashrate, 1080 BTC per month, 50/50 Investment/Dividends = 47 months for 0.0025 BTC per share in dividends
2% = 23.5 months
4% = 11.75 months

This is only considering dividends being received from the mining farm and none from actual sales of hardware which Ken projects to be $40 million this year. 25,000 BTC (right now) is $20 million bucks.

$40 Million in sales does not mean $40 Million in profits.

True. What do you think the profit margin is on ASIC hardware?

[JoTheKhan]

@Milky way you are asking the wrong person unfortunately. I don't know much about Asic manufacturing so I can't really give out any type of number/percentage/estimate without it being a huge assumption based on little information. There are more intelligent people than I on this thread to answer that.

I just know that 40 Million in revenue is not the same as 40 Million in profit.

[DeadwoodDan]

Just you.

Nope, the wall got pulled all right.  Seems somebody finally tipped Ken off that when you want to dump a huge lot of stock, you don't slam it all on the books at once.  Looks like Ken is finally getting advice from outside his usual team of Messrs. Beam, Daniels, and Not For Consumption.  Active Mining future looking bright!

[DeadwoodDan]

Didn't we have millions of dollars in preorders?  And Bargraphics assured us that AMC would have no problem refunding every last one if it came to that?  Why is Ken suddenly desperate for this hundred measly coins?  Booze money?

I think this scam has entered the end game and y'all should be archiving all these threads, because Bargraphics's posts have a habit of not sticking around.

When the time comes to pass the hat around for lawyer's fees, just don't let Bargraphics or minerpart collect the donations!

Oh and someone should keep an eye on eBay for those Avalons, Ken's probably about done with them.

[shadallion]

Once you get your shares, you guys would be FOOLS to sell right away.  Just hold on.  People are buying these shares up and there's hardly anyone even on Crypto-Trade yet. 

[DeadwoodDan]

Once you get your shares, you guys would be FOOLS to sell right away.  Just hold on.  People are buying these shares up and there's hardly anyone even on Crypto-Trade yet. 

This is actually good advice.   The Labcoin stock gave ample opportunities for daytraders, going up and down on crazy signals such as the date of an announcement announcing a future announcement being due, or TheSwede75 being spotted logging onto bitcointalk.  No doubt Ken and his advisory team are planning similar opportunities.