Not too sure about Vinces prospector board still working, he went very quiet about it after the first day, hasn't supplied an address to monitor it, and now he's ordered/being sent two of the gold cards probably as a sweetener/bribe courtesy of the shareholders money.
The other support, zumzero, also seems to think that this shit storm isn't KenScam's fault.
Good point. I think the middle ground is more likely. Ken is in a quandary; pay 50% to shareholders as divs and slow the refund payouts or concentrate on those refunds at the expense of the shareholders?
Remember, we have Mark K. to thank for this shit storm, not Ken.
Because the preservation of the company is of paramount importance it is clear that the right thing to do is direct mining and hardware income towards pre-order refund customers.
I think Ken will find a balance between the two and appease both shareholders and those awaiting refunds as best he can.
As a shareholder who is in for the long haul I support any action that improves our chances to stay afloat during these difficult times. The bitcoin price won't be suppressed for too much longer and when it starts to take off again there will be plenty of opportunity to enjoy weekly dividend payments.
These socks must be paid/bribed, there is no way around it. Now they are directing the blame at MarkScam!
Here's the thing about pre-order blunders and refunds. KenScam intentionally sent out checks without signing them, he did it to every requester and more than once to many of them. He did this to buy time, it has all been about buying time. From the shares being held, some mystical investigation legal issue, the PR person(s), the so called CS reps (yet Ken has stated he is doing the CS), everything... whether it real or all lies, he used to buy time or used to make excuses. KenScam actually thinks that he is not to blame for his blunders, he blames eASIC for the chip, he blames Magic The Gathering exchange, he blames VE, he blames irate customers, he blames irate shareholders, he blames the advisory board for bailing on him (they knew he was a fool long before zum and Vincey, hence the bailing), he blames electricians, he blames the government for their investigation, he blames CS reps for check refund issuance, he blames anything he can and while shifting blame, he belittles investors and customers, talks down to people who are angry and acts like a teenage girl who hates all other girls because they are prettier than she. Soon, zum and Vince will be like you and I, and someone will be taking their place.
Want to have some fun? lets break down this losers weekly ScamReport for his investors, that he normally does every Wednesday, but some how "forgot" (his words) and instead it was released Thursday. Forgot... hmm, you do this every week now, yet you forgot... must be one of those senior moments again
A. Financials and related
(i) Do we expect to, or have we already received money from eASIC for a partial refund? If so please provide figures. If not could you give a quick run down on what happened.
The project manager managed to get a partial refund, when the PO said Non-Refundable, Non-Cancelable
We have heard time and again, partial refund. The important and obvious request for answer is to HOW MUCH FUCKING MONEY DID YOU RECOVER DOUCHE? Yet, again, KenScam cherry picks portions of the questions here and vaguely answers the ones he wants to
(ii) When can we expect a financial report?
Which do you want Sales or Report, working on getting us a CPA and getting the taxes done. Can't keep Customer Service Reps due to all the threats and bad language.
What part of financial report is difficult to understand here? They wanted a financial report, is this another one of those senior moments KenScam? Oh but you are working on getting your own CPA, which you said you were working on forever ago, and then had, and he was doing the books, then you didn't have him, and were working on getting him, and then implied you had because a report would be out by the end of the month, but it never came, and you still work to get one (run on sentence intended). Hmm... ok so you don't have one, never had one, so you lied, but you will be releasing a report right? What do CS reps have to do with a financial report? I would also state you are lucky threats are all that have been slung your way KenScam, considering the sentiment you have bathed in since you went all KenScam.
Where are my marbles, who stole my marbles, I can't find my marbles...
(iii) How many Gold Rush & Prospector cards do you have in hand?
We have enough Gold Rush to fulfill our current orders. We have a production line up and running and tooled with parts. The project manager has set it up to do a 5,000 board run.
Should we really even believe this? The only part of this line I can take from it is that you formulated a coherent sentence with almost proper structure. Kind of amazing actually.(iv) Could you approximate the revenue from selling all the cards in one month assuming the BTC price stays the same?
This is hard to do as we are always working on lowering our production cost, early boards are higher and later boards are lower.
Actually, this is not at all hard to do when you actually read the damn question. An approximation is an estimate, a ball park, a get it close, a hand grenades and horseshoes. You have sold 'N' amount of boards. You have sold 'X' amount of boards at price 'A', you have sold 'Y' amount of boards at price 'B', and you have sold Z amount of boards at price 'C'. Care for me to work that formula for you, shit it wasn't that hard. Of course, it would be hard to do, as KenScam put it, if you didn't keep books... back to that financial report aaaaagain!
(X * A) + (Y * B) + (Z * C) = $$$$ revenue - I smrt, I do mathes, I pasted 9th grade algebraw! (of course if we do it the Vince math way, then yes it is "very" hard to do.(v) When will the first dividends be paid out? How will you calculate how much to pay per share and what is that percentage figure?
That is to be determined from our current mining revenue and current sales, we have a number of sales in the works.
A number of sales, on a site, that is barely functional, and a reputation as tarnished as yours, treating customers the way you do. Certainly that all adds up to MOAR SALES! Just come out and say it, dividends are not going to be paid for some period of time because KenScam and co. need that revenue to attempt to extract this raspberry out of the gigantic mound of triceratops dung that ActiveScam is in(Jurassic Park for those who didn't get that reference).(vi) Are there any outstanding refunds still to be paid? If so how much and when will they be honoured?
Here is what we are sending to customers:
We are making progress with our mining operation and our sales. We going to use the funds from these to pay refunds as we lost a lot of Pre-Order bitcoins on MtGox. We expect to refund 100% of our customers.
Regards,
Ken
Customer service
Progress can be measured in so many ways, and for you to say progress, I would agree that you are correct. Even a snail makes it from point A to point B eventually. However, here we are again reading another one of KenScam's memo's that reads as if it was written by my 7 year old niece. These senior moments occur far to frequently, and apparently 'spell and grammar' check has them too. Understanding KenScam speak, KenScam actually answers the previous question. ActiveScam will be using the funds from the mining and sales operation (your dividends) to pay those refunds, and KenScam is sure to remind you that MarkScam lost your coin/pre-order money and he is the one to blame for dividends going to pre-order customers. (vii) How much of ActM/VMCs assets were exposed as a result of the acquisition of People's Asic?
~157,000 shares
People's ASIC must be feeling terrible, I wonder if those guys read this forum? One would assume they had to of done some research into the readily available information on KenScam right here in his many different threads created by and for him. Damn, considering that, I don't feel bad for them anymore. Moving along.B. Website & Chip design
(i) Why hasn't the website been updated given that it's high priority and relatively easy to do? When will the website be brought up to date?
No, it has not be a high priority, getting our mining farm has been the highest priority. We are now bring the website up to high priority.
Again, a school girl must have written this. Clearly it hasn't been a priority, and it was taken care of for you ages ago by a friendly guy named Lewicki. Nevertheless, is ActiveScam incapable of multitasking? Does ActiveScams employees only work select hours? I don't know about the rest of the world, but when it comes to imposed deadlines and having to hit them or your ass is out of a job, you hit them at any and all means necessary. There is slack and leeway for those who come near deadlines, but missing deadlines by months is inexcusable and shows KenScams level of dedication. Back to Lewicki's site, from my understanding he created that in his own time, after work hours, and within a few days. Can someone confirm that who is in the know? I am pretty sure it was only a couple days for him to finish that storefront. (ii) What is the status of ActM's asic development? Is ActM still working on its own 28nm chip? Specifically, have we entered into a contractual relationship with a fab and a semiconductor company? And if so, when can we expect to have physical chips on hand?
We are working on getting our own chip, this is high priority.
If it is high priority, and you are indeed working on getting a chip as you have stated numerous times, then what is the status like the question requested? You can actually answer this without divulging the manufacturer and use this question as a confidence/sentiment builder by having a detailed response. Problem with KenScam and his senior moments, he cannot expand in detail because those senior moments occur is succession quite rapidly, hence the irrelevant responses. I shake my head at situation/opportunities like this(iii) If you are working on developing a 28nm chip, when will it be ready and how competitive will it be against, say HASHFAST's offering?
Can't say at this point, lot of thing are happening.
Can't say, won't say, shouldn't say. One thing I can say, a lot of 'thing' are happening. Seriously KenScam, at least make it seem you are interested in your investors instead of rapidly flying through a half assed answer, that isn't an answer, and not even expressed properly. One THING I can tell you is that THINGS are happening from a creditor standpoint.C. Mining Farm
(i) Please detail a schedule for deployment. When are we expected to reach 200TH, 300TH, 400TH,.. etc?
We expect in this datacenter to be at 120TH-150TH, which we think will be the max due to the AC required.
What were those original estimations again for this center before it even had legs? Just continue to ignore those with DC contacts and resources to assist in expansion, that business model is working well.(ii) Are you working on starting a second mining farm given the limitations experienced by the first one?
Not at this time, we are working on sales. We have a good solid income from the mining farm, now we what to get the fast income from sales.
Are we surprised by this? Day to day KenScam cannot discern what is priority and what is not. Allow me to assist you on this KenScam, mining and sales are equally important. This isn't rocket science, you are not putting ASIC's into orbit. You should not be a one-man-do-all team, delegate, delegate, delegate! Mining and Sales should be ActiveScam's priorities, not one over the other, and they do not swap or switch with the weather patterns. I saw other guys in your pics getting the DC up, you supposedly have employees. Does the entire dog and pony show travel together as one circus from priority to priority? Again, written like a 7 year old, doesn't instill confidence one bit.(iii) What are your data center plans. Your current facilities are no where near adequate to meet your goals. How are you going to resolve this what steps have been taken and what steps will be taken to insure that you can scale this operation?
We have learned from a current datacenter the requirements, time, and cost required to put a datacenter together. We are now going to focus on sales which gives us some explosive income potential.
There would have been no learning curve for ActiveScam if they actually listened to the experts that are readily available and eager to assist. Even some of your shareholders have expertise in this arena, yet KenScam ignored them because KenScam can do all! KenScam don't need no stinkin' advice!D. Miscellaneous
(i) HASHFAST are having real issues at present. They seem to be stock rich and cash poor. Is this going to be an issue for ActM? Are we guaranteed to receive the stock we require to stay in business?
We know all about HASHFAST, we have a number of plans in the works, some of which could generate up to 2.5 Million in profits
When KenScam begins to throw out numbers, 100% of the time history has shown KenScam cannot math.(ii) What benefits has the People's Asic team brought to the table and what are they actively working on?
Without the People's ASIC team, there is noway we could be where we are today.
So basically you readily admit to be out of your element, way in over your head, and someone else has been the reason for what ActiveScam accomplished to date. Interesting, you sir just got self owned.(iii) Are you advertising VMC machines anywhere? Are there plans to do so?
Yes, Google Adwords
Clearly KenScam is in charge of marketing too! Google Adwords is the proper channel to advertise and market through, everything else is extremely inferior. KenScam deems it only necessary to market on Google Adwords and not additional places where individuals in this space frequent.(iv) When will you update the operational plan given that so much has changed in the last year. Potential and current shareholders require this in order to decide the risk going forward.
The plan is the same, mine and sale
If the plan is the same, and the results are what we have now, then I wouldn't expect many new shareholders or investors. If your business model is stagnate and not ever evolving, you are set to fail miserably. Every single successful CEO knows that if their organization isn't reinventing itself daily, sourcing new avenues and evolving with the times, then they will die off such as ActiveScams swansong is ringing now.(v) Ken has said that we are using our own contractor for creating the boards. However Vince in his video explains that it's highly likely the boards are just being built by Hashfast. Can Ken please clarify?
Like, I have said in the past, we have used the same CM to build the boards, we paid the CM, we supplied the parts, we used HF supplied design to build the boards. We currently have 200 Gold Rush PCB's in stock, another 400 in production, that we have built with a different CM waiting to be assembled. We have a CM line tooled with parts to do a 5,000 board run as soon as the market demand dictates that we make the run. We are working with customers that have HF chips in had to use their chips to assemble boards for them.
Hashfast may indeed help prop up KenScam and co. but it will not be the life support ActiveScam requires. Why is KenScam not marketing to these customers and plastering this service all over these forums and websites involved in bitcoin? Oh yeah I forgot, those customers can easily find this information because ActiveScam advertises on Adwords. Silly me.(vi) In case the chances to make more coins out of the coins available are rather slim... will you stop spending them and stop ActM by paying out the remaining funds as divs or will you try anything till the end even when its uncertain that the plans will work?
We believe that we are in a great position with the previous production to make a profit in the near future. Should we see that the business does not have a chance to be profitable, then yes we would liquidate.
KenScam uses this 'belief' line quite a bit, doesn't leave much to be desired when considering his beliefs. This line alone should send you ActiveScam holders running. However, dudes like me with balls of steel couldn't give two shits about 10k shares and their value, because I already know they are worth 0. You cannot sell something that is worth nothing. This entire sham is actually amusing! Commenting on the mental deficiencies within KenScam is a fun way to pass the time and he makes it so easy. Expect a liquidation within the next two hours to 4 months, because the man behind the curtain running this show is not a beacon of success, he is a train wreck horror of failure. 
