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hobbymd
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January 09, 2014, 03:58:02 AM |
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the man has no integrity left what so ever, he is relying heavily on deleting unwanted posts. |
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Entropy-uc
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January 09, 2014, 04:06:45 AM |
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Good times. I miss VBS. Thanks for the links. I feel a lot better now. I was feeling seriously bad for the bagholders after today's debacle. Then I see how clearly I presented the facts of why this would be a disaster over 6 months ago, and how much shit was thrown my way for the effort... |
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gogxmagog
Legendary
 Offline
Activity: 1456
Merit: 1010
Ad maiora!
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January 09, 2014, 04:07:27 AM |
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Oh My God this is awful. where do I even begin?
I feel like Ken is speculating on the price of btc to bail out this jalopy.
Dividends, remember those? Please don't speculate with btc owed to your investors Ken. Also, speculation is a poor business model. Share trading is important to your investors, even if it doesn't matter to you. I guess we wait because at this point no one would buy them anyways. Yeeesh!
Disappointing? It is a different thing when the disappointment is mostly expected.
Go hire a kid to code your share reclamation thing, get someone to do it. It's not costly, just time consuming, I understand that much. I also know that your local university would have students eager to make a quick dollar to punch in some code. Get Er Dun, Boy-o!
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Entropy-uc
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January 09, 2014, 10:32:16 PM |
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This was an epic post. I think there's another one with even more outlandish profit projections in it. SPRINGFIELD, MO, – May 29, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they will purchase a second full batch (10,000) of Avalon chips to build ~31 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC's machine total to ~71 units. The ~71 machines will bring the cooperatives hash power to ~5,650,816 MH/s, ~35,651 GH/s, or ~5.651 TH/s. At the current Difficulty (which may be more or less in the future) of 12,153,412 this will bring the estimated total revenue as of this writing to a total of $30,318.86 per day and a yearly amount of $8,681,346.78. Active Mining Corporation is a Vanuatu International Business Company DBA Active Mining Cooperative (AMC).
https://bitcointalk.org/index.php?topic=219636.0;topicseen |
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gogxmagog
Legendary
Offline
Activity: 1456
Merit: 1010
Ad maiora!
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January 10, 2014, 12:37:06 AM |
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if ken would get these shares on an exchange, we could at least see our divs...we are owed divs since bf shut down...if we saw divs, that would quell a lot of the shit-storm of scam accusations. until these shares are fully listed, we don't know if ken even has the btc he already owes in past divs. the longer the shares sit in limbo, and the longer no divs go out, the more I am inclined to decide that YES ActM is a SCAM!
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VolanicEruptor
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January 10, 2014, 01:10:32 AM
Last edit: January 10, 2014, 01:40:55 AM by VolanicEruptor |
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This was an epic post. I think there's another one with even more outlandish profit projections in it. SPRINGFIELD, MO, – May 29, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they will purchase a second full batch (10,000) of Avalon chips to build ~31 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC's machine total to ~71 units. The ~71 machines will bring the cooperatives hash power to ~5,650,816 MH/s, ~35,651 GH/s, or ~5.651 TH/s. At the current Difficulty (which may be more or less in the future) of 12,153,412 this will bring the estimated total revenue as of this writing to a total of $30,318.86 per day and a yearly amount of $8,681,346.78. Active Mining Corporation is a Vanuatu International Business Company DBA Active Mining Cooperative (AMC).
https://bitcointalk.org/index.php?topic=219636.0;topicseenThis extremely exaggerated projection completely wipes out any chance for Ken to explain to the judge "Look, I have 4 avalons running that produce $200/day!" Previous scammers have lost their battle due to impossible projections like this to their shareholders/victims... |
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VolanicEruptor
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January 10, 2014, 02:35:23 AM |
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This was an epic post. I think there's another one with even more outlandish profit projections in it. SPRINGFIELD, MO, – May 29, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they will purchase a second full batch (10,000) of Avalon chips to build ~31 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC's machine total to ~71 units. The ~71 machines will bring the cooperatives hash power to ~5,650,816 MH/s, ~35,651 GH/s, or ~5.651 TH/s. At the current Difficulty (which may be more or less in the future) of 12,153,412 this will bring the estimated total revenue as of this writing to a total of $30,318.86 per day and a yearly amount of $8,681,346.78. Active Mining Corporation is a Vanuatu International Business Company DBA Active Mining Cooperative (AMC).
https://bitcointalk.org/index.php?topic=219636.0;topicseenThis extremely exaggerated projection completely wipes out any chance for Ken to explain to the judge "Look, I have 4 avalons running that produce $200/day!" Previous scammers have lost their battle due to impossible projections like this to their shareholders/victims... |
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somestranger
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January 10, 2014, 02:47:08 AM |
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This was an epic post. I think there's another one with even more outlandish profit projections in it. SPRINGFIELD, MO, – May 29, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they will purchase a second full batch (10,000) of Avalon chips to build ~31 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC's machine total to ~71 units. The ~71 machines will bring the cooperatives hash power to ~5,650,816 MH/s, ~35,651 GH/s, or ~5.651 TH/s. At the current Difficulty (which may be more or less in the future) of 12,153,412 this will bring the estimated total revenue as of this writing to a total of $30,318.86 per day and a yearly amount of $8,681,346.78. Active Mining Corporation is a Vanuatu International Business Company DBA Active Mining Cooperative (AMC).
https://bitcointalk.org/index.php?topic=219636.0;topicseenThis extremely exaggerated projection completely wipes out any chance for Ken to explain to the judge "Look, I have 4 avalons running that produce $200/day!" Previous scammers have lost their battle due to impossible projections like this to their shareholders/victims... Yeah like that is going to hold up in court... |
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btct22
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January 10, 2014, 02:54:52 AM |
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Do you guys think this is still current?
Micah C Slaughter
25-29 years old
Phone number
417-823-9839
Address
1307 E Lakewood St
Springfield, MO 65804-7481
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MilkyLep
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January 10, 2014, 03:03:32 AM |
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Do you guys think this is still current?
Micah C Slaughter
25-29 years old
Phone number
417-823-9839
Address
1307 E Lakewood St
Springfield, MO 65804-7481
Well the number just keeps ringing...and ringing...not so easy to check the address where I'm at currently. |
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VolanicEruptor
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January 10, 2014, 03:14:32 AM |
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a friend of mine phoned that number and its Micah's grandmother. He was living with her at some point.
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Vigil
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January 10, 2014, 03:22:59 AM |
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hobbymd
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January 10, 2014, 03:40:52 AM |
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just a cross post
City of Springfield, MO
City Attorney
Civil Division
840 Boonville Avenue
Fifth Floor
Springfield, MO 65802
417.864.1645
email:city@springfieldmo.gov
Prosecutor's Division
625 North Benton Ave
Springfield, MO 65802
417.864.1892
417.864.2026 (fax)
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zefyr0s
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January 10, 2014, 03:56:43 AM |
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Hobby, when you call them can you record the conversation (make sure to let them know you are doing this!) I really want to hear how that goes. How you have to explain what bitcoin is, how mining works, the intricacies of getting mining solutions fab'd, created, shipped, etc. All the way until the end, just for them to say "There's no guarantee investors will ever make a profit backing any company. There is always a chance it will fail."
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VolanicEruptor
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January 10, 2014, 03:59:56 AM |
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Hobby, when you call them can you record the conversation (make sure to let them know you are doing this!) I really want to hear how that goes. How you have to explain what bitcoin is, how mining works, the intricacies of getting mining solutions fab'd, created, shipped, etc. All the way until the end, just for them to say "There's no guarantee investors will ever make a profit backing any company. There is always a chance it will fail."
All they need to know is that Bitcoin was the method of transfer. Fiat went in, and fiat went out, and there was theft. Anything else relating to Bitcoin is hardly relevant. |
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zefyr0s
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January 10, 2014, 04:01:52 AM |
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Theft? Dude, what theft? There is a reason there is 'risk' with investing.
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VolanicEruptor
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January 10, 2014, 04:05:14 AM |
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Theft? Dude, what theft? There is a reason there is 'risk' with investing.
"Risk" would have been acceptable if we weren't robbed blind. Lies and deceit are not excused by common "risk". I'm sure there are prisoners who can explain that to you. |
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zefyr0s
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January 10, 2014, 04:10:21 AM |
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If anything, you should be pointing to the lack of a forward-looking-statement disclaimer as the last post had. In this case I would agree that you could make the point that they didn't reach the goals they clearly stated they intended to achieve. But they didn't intentionally tell an untruth and they haven't stolen anything. Deceit well, is omission of some/many facts deceit?
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Vigil
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January 10, 2014, 04:11:59 AM |
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If anything, you should be pointing to the lack of a forward-looking-statement disclaimer as the last post had. In this case I would agree that you could make the point that they didn't reach the goals they clearly stated they intended to achieve. But they didn't intentionally tell an untruth and they haven't stolen anything. Deceit well, is omission of some/many facts deceit?
Of course they did. Ken withheld key information from shareholders and lied/mislead on key facts surrounding ActM progress. |
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zefyr0s
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January 10, 2014, 04:19:01 AM |
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Withholding of information is for sure not lying, and I would make the argument that it isn't deceit either. This is a public forum in which an actual business is discussed. Any information that can come out can twisted, manipulated, and used against this company in any number of ways. You wouldn't expect Apple to converse with all of its shareholders in this manner would you? Laying out all their cards on the table, as such.
I'm not so much talking positive points here of Active, in fact I'm not happy with the current state of affairs here. Shit should be happening and I also would like to know more in detail about why it isn't. But I also know that shooting yourself in the foot makes it hard to walk sometimes.
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