Hey, The chat with Ken has caused much speculation. I have pulled some of the main useful bits of information and added them to my moderated 'knowledge' thread, but people want to dicuss this IRC chat so I decided to move that conversation here.
IRC Chat 8th December with Ken:
http://pastebin.com/rYFm41U5My Moderated thread:
https://bitcointalk.org/index.php?topic=361930.0Begin conversation:
Dec 08 03:42:57 <AMC-CEO> No, nothing to do with them, he had a number of shares of ActiveMining that we have attached with a lien.
Dec 08 03:43:08 <zefyr0s> ahh that works
Dec 08 03:43:26 <AMC-CEO> So, we got luckly.
Dec 08 03:43:53 <[8]> Seems fair enough.
Dec 08 03:45:45 <AMC-CEO> So, we will sell them to cover the 106 plus legal fees.
Dec 08 03:46:27 <chairforce1> sell the shares?
Dec 08 03:46:42 <AMC-CEO> Yes
Dec 08 03:47:13 <chairforce1> well this is putting a lot of faith in having enough volume to carry out that trade
Dec 08 03:47:20 <zefyr0s> err that's a bunch of shares
Dec 08 03:47:43 <AMC-CEO> Not all at once.
looooo
*Dec 08 04:02:26 <AMC-CEO> As, I said above, I can only release certain information in our Announcement thread, due to SEC reg.
Ken can't talk about chips because da SEC
The fact that he can seize Ukyo's shares is actually good news.
The fact that he can seize Ukyo's shares is actually good news.
Not to the shareholders trying to unload their shares
(Those shares have to be sold)
I'm not even sure it was ActM or Ken's coin.
The fact that he can seize Ukyo's shares is actually good news.
Not to the shareholders trying to unload their shares
(Those shares have to be sold)
I'm not even sure it was ActM or Ken's coin.
Have to agree with that. Was it AcTM's money on there or is Ken doing this to make up for money he lost? I doubt he'll put up a sell wall at the start of trading though. From my understanding he will let the buyers/sellers determine the price and go from there.
The fact that he can seize Ukyo's shares is actually good news.
Not to the shareholders trying to unload their shares
(Those shares have to be sold)
I'm not even sure it was ActM or Ken's coin.
Have to agree with that. Was it AcTM's money on there or is Ken doing this to make up for money he lost? I doubt he'll put up a sell wall at the start of trading though. From my understanding he will let the buyers/sellers determine the price and go from there.
It's ActM's according to the Nov 30th Announcement:
Bitfunder/WeExchange Problems:
We have ~106 BTC in the Bitfunder/WeExchange system which we can not obtain. We have sent Bitfunder's/WeExchange's Ukyo a Legal Demand For Payment within 72 hours. We expect this problem to result in the loss of the 106 BTC. We are meeting with our Lawyers to determine what our next steps will be. This 106 BTC has been deducted from our liquid cash position above.
The fact that he can seize Ukyo's shares is actually good news.
Not to the shareholders trying to unload their shares
(Those shares have to be sold)
I'm not even sure it was ActM or Ken's coin.
Have to agree with that. Was it AcTM's money on there or is Ken doing this to make up for money he lost? I doubt he'll put up a sell wall at the start of trading though. From my understanding he will let the buyers/sellers determine the price and go from there.
It's ActM's according to the Nov 30th Announcement:
Bitfunder/WeExchange Problems:
We have ~106 BTC in the Bitfunder/WeExchange system which we can not obtain. We have sent Bitfunder's/WeExchange's Ukyo a Legal Demand For Payment within 72 hours. We expect this problem to result in the loss of the 106 BTC. We are meeting with our Lawyers to determine what our next steps will be. This 106 BTC has been deducted from our liquid cash position above.
Thank you
Good news everyone! Another reason why Ken can't provide info:
Dec 08 04:13:24 <Kleeck> It seems that once you're shipping miners the information is public - so why not control the flow of information by releasing your own perfomance video/announcement?
Dec 08 04:13:55 <AMC-CEO> Well, it takes a lot of time, I am going to be very busy, do some programming in the next few weeks.
*The entire thing is pretty lulzy, here's the pastebin link:
http://pastebin.com/rYFm41U5**Dec 08 04:15:10 <AMC-CEO> I know, but do remember when we had one and a board, what did they do.
Dec 08 04:15:25 <Kleeck> Not get much information from you, if I recall.
Dec 08 04:15:31 <Kleeck> And then get frustrated and leave.
Dec 08 04:16:03 <AMC-CEO> I trusted them, so now it takes a lot more for me to trust someone. We will get one when the time is right.
***Dec 08 04:19:38 <AMC-CEO> I am not ignore shareholders, you have to understand that in our internet world information travels fast to our competition and vendors and customers.
****Dec 08 04:20:30 <AMC-CEO> Just talked to eASIC on Friday and they are getting a lot of emails from Investors, which is buging them.
*****Dec 08 04:24:38 <AMC-CEO> Investors want to know every detail.
Dec 08 04:24:47 <Kleeck> We aren't asking for every detail.
Dec 08 04:24:48 <zefyr0s> would be happy with some
Dec 08 04:25:06 <AMC-CEO> I gave you some and you are still not happy.
Lol, please read the whole thing -- i just realized i'm posting the entire thing in small chunks
The fact that he can seize Ukyo's shares is actually good news.
Not to the shareholders trying to unload their shares
(Those shares have to be sold)
I'm not even sure it was ActM or Ken's coin.
Have to agree with that. Was it AcTM's money on there or is Ken doing this to make up for money he lost? I doubt he'll put up a sell wall at the start of trading though. From my understanding he will let the buyers/sellers determine the price and go from there.
Yes if they are sold it will be supported by buyers, but at least it gives some kind of leverage before they are actually sold (that would mean all hope to see those 106 BTC is lost).
The fact that he can seize Ukyo's shares is actually good news.
Not to the shareholders trying to unload their shares
(Those shares have to be sold)
I'm not even sure it was ActM or Ken's coin.
Have to agree with that. Was it AcTM's money on there or is Ken doing this to make up for money he lost? I doubt he'll put up a sell wall at the start of trading though. From my understanding he will let the buyers/sellers determine the price and go from there.
Yes if they are sold it will be supported by buyers, but at least it gives some kind of leverage before they are actually sold (that would mean all hope to see those 106 BTC is lost).
Why would you think it gives leverage? Depending upon how many shares are involved Ukyo is likely to be very pleased with swapping worthless stock for 106 BTC.
Feel free to continue the discussion about the chat here:
