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Author Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated]  (Read 629452 times)
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knybe
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June 07, 2014, 01:54:46 AM
 #4061


You have a good point, there is a place for government in enforcing contracts but at the same time think about how many startups fail all the time in Silicon Valley, they lie and string their investors along all the time too. They even brag about it and the government does nothing. Maybe we should have insisted on personal contracts with Ken before investing with a plan for the company failure if it occurred. People were too optimistic when reading the prospectus and we never gave the shareholders an out in the prospectus that Ken would have had to adhere to.

http://www.wired.com/2014/04/no-exit/
Chris convened their meeting by saying, “We have 10 companies waiting to work with us, and we’re about to close a round of funding.” These statements weren’t strictly true, but one couldn’t hire engineers without projecting a sunlit-uplands future. As Chris had put it to me, “Lying your way along puts you in a bad place. But you do have to balance transparency with optimism.”

This sounds a lot like some of Ken's false claims.

I just think that if you are using Bitcoins the first move when things might not look good should not be to seek out government assistance to save your cash. You should work with the person you invested with to make the situation better. Ken really did bring this upon himself since many people here are novice investors and likely committed too much capital to this enterprise and when shares were not tradable for > 5 months I can understand getting the MSD involved but it really feels like shooting yourself in the foot to recover a minimal amount of your investment back by killing any chance the company could succeed. It wasn't big but it still existed. Now that has even been lessened to be an almost non existent chance.

You might be comfortable with a society where the wealthy owe their success to being liars, fraudsters and sociopaths, but I don't want to live in that world.

Welcome to bitcoin land.
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June 07, 2014, 01:55:34 AM
 #4062


You have a good point, there is a place for government in enforcing contracts but at the same time think about how many startups fail all the time in Silicon Valley, they lie and string their investors along all the time too. They even brag about it and the government does nothing. Maybe we should have insisted on personal contracts with Ken before investing with a plan for the company failure if it occurred. People were too optimistic when reading the prospectus and we never gave the shareholders an out in the prospectus that Ken would have had to adhere to.

http://www.wired.com/2014/04/no-exit/
Chris convened their meeting by saying, “We have 10 companies waiting to work with us, and we’re about to close a round of funding.” These statements weren’t strictly true, but one couldn’t hire engineers without projecting a sunlit-uplands future. As Chris had put it to me, “Lying your way along puts you in a bad place. But you do have to balance transparency with optimism.”

This sounds a lot like some of Ken's false claims.

I just think that if you are using Bitcoins the first move when things might not look good should not be to seek out government assistance to save your cash. You should work with the person you invested with to make the situation better. Ken really did bring this upon himself since many people here are novice investors and likely committed too much capital to this enterprise and when shares were not tradable for > 5 months I can understand getting the MSD involved but it really feels like shooting yourself in the foot to recover a minimal amount of your investment back by killing any chance the company could succeed. It wasn't big but it still existed. Now that has even been lessened to be an almost non existent chance.

You might be comfortable with a society where the wealthy owe their success to being liars, fraudsters and sociopaths, but I don't want to live in that world.

I didn't say I was ok with it just that even startups that use venture capitalists lie to their investors as well. This is not an issue that is unique to the Bitcoin world.  
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103 days, 21 hours and 10 minutes.


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June 07, 2014, 03:39:21 PM
 #4063

This MSD case will not send him to jail as it focused on fineable offences. We need either the SEC to investigate him over fraud and open up his books or if we can't get them involved we will need to launch a fraud case against him using a no-fee lawyer like Wood Law. Its up to us to stop this guy from doing this again and again. He's been at this confidence game for 15 years.

I've already complained to the SEC.

Ken is on their radar
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June 07, 2014, 06:25:14 PM
 #4064

This MSD case will not send him to jail as it focused on fineable offences. We need either the SEC to investigate him over fraud and open up his books or if we can't get them involved we will need to launch a fraud case against him using a no-fee lawyer like Wood Law. Its up to us to stop this guy from doing this again and again. He's been at this confidence game for 15 years.

I've already complained to the SEC.

Ken is on their radar

Even if this company had a chance, it would have been ruined by whiny and panicking investors complaining to law enforcement.  It all started with Volanic.
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June 07, 2014, 06:29:54 PM
 #4065

This MSD case will not send him to jail as it focused on fineable offences. We need either the SEC to investigate him over fraud and open up his books or if we can't get them involved we will need to launch a fraud case against him using a no-fee lawyer like Wood Law. Its up to us to stop this guy from doing this again and again. He's been at this confidence game for 15 years.

I've already complained to the SEC.

Ken is on their radar

Even if this company had a chance, it would have been ruined by whiny and panicking investors complaining to law enforcement.  It all started with Volanic.

That's the risk you take when you go into business with anonymous strangers on the internet.

that said, law enforcement wouldn't have been involved if Ken hadn't wasted all the money. Don't blame law enforcement or whiny investors, blame the guy who made them whiny and the guy who did something that law enforcement cared about.
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June 07, 2014, 06:37:08 PM
 #4066

You guys are my hero.....so any word from K.  S laughter!!!... Roll Eyes

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babybonobo
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June 07, 2014, 06:38:56 PM
 #4067

That's the risk you take when you go into business with anonymous strangers on the internet.

that said, law enforcement wouldn't have been involved if Ken hadn't wasted all the money. Don't blame law enforcement or whiny investors, blame the guy who made them whiny and the guy who did something that law enforcement cared about.

I don't agree with most of the "investors" here.  There are an extreme amount of trolls and babies here--incredibly annoying.  A lot of the complainers are scammers themselves.  The thing is, the SEC would love to shutdown EVERY SINGLE BTC SECURITY.  Don't you understand that?  It doesn't matter if it was Ken or not.  This is just the beginning of a crackdown now.  And wow most CEO's don't respond to idiots on a message board every day like many of you expect of Ken every minute.  I don't have a lot of skin in the game, so I can see why others would do this if they greedily invested 10's or 100's of bitcoins...but you have to understand the Pandoras box that has been opened because of this.  Fuckin' grats and checkmate!  And anybody who expected the "promise" of .0025 return per share is a fucking idiot.
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June 07, 2014, 06:43:54 PM
 #4068

That's the risk you take when you go into business with anonymous strangers on the internet.

that said, law enforcement wouldn't have been involved if Ken hadn't wasted all the money. Don't blame law enforcement or whiny investors, blame the guy who made them whiny and the guy who did something that law enforcement cared about.

I don't agree with most of the "investors" here.  There are an extreme amount of trolls and babies here--incredibly annoying.  A lot of the complainers are scammers themselves.  The thing is, the SEC would love to shutdown EVERY SINGLE BTC SECURITY.  Don't you understand that?  It doesn't matter if it was Ken or not.  This is just the beginning of a crackdown now.  And wow most CEO's don't respond to idiots on a message board every day like many of you expect of Ken every minute.  I don't have a lot of skin in the game, so I can see why others would do this if they greedily invested 10's or 100's of bitcoins...but you have to understand the Pandoras box that has been opened because of this.  Fuckin' grats and checkmate!  And anybody who expected the "promise" of .0025 return per share is a fucking idiot.

The SEC has plenty of stuff on their plate, they only appear to be going after the one's that have people complaining about them. And if the people that expected .0025 per share are idiots, what does it make someone who put themselves a position where those idiots can do them harm?

It's unreasonable for a real CEO to respond to shareholders every day, but it isn't unreasonable for a CEO to do what he says he is going to do. Ken is the one who said he would give an update every week, no one expected that until he said it. And people weren't looking for a response every day, they were looking for answers to important questions (which they never got).
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June 07, 2014, 06:45:27 PM
 #4069

ZzZzZzzZzzzzz.

28nm will be out Q3.

bye.
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June 07, 2014, 07:52:37 PM
 #4070

This MSD case will not send him to jail as it focused on fineable offences. We need either the SEC to investigate him over fraud and open up his books or if we can't get them involved we will need to launch a fraud case against him using a no-fee lawyer like Wood Law. Its up to us to stop this guy from doing this again and again. He's been at this confidence game for 15 years.

I've already complained to the SEC.

Ken is on their radar

Judas.  Angry

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June 07, 2014, 10:28:07 PM
 #4071

This MSD case will not send him to jail as it focused on fineable offences. We need either the SEC to investigate him over fraud and open up his books or if we can't get them involved we will need to launch a fraud case against him using a no-fee lawyer like Wood Law. Its up to us to stop this guy from doing this again and again. He's been at this confidence game for 15 years.

I've already complained to the SEC.

Ken is on their radar

Judas.  Angry

Things have officially changed in regards to the moderation of this thread. Zumzero is clearly out of his mind. Due to his rapid-onset insanity he no longer has access to the ACTM Thread account. He can, for the time being, post here.

Zumzero, take heed, if you continue to post complete and utter nonsense in regards to ActM/VMC your posts will be deleted with great prejudice. You have no clue about the future of this company and if you want to post your cheerleading you will have to back it up with facts. Be warned, if you do not heed this warning you will be permanently banned, (i.e. your name will be ranked with the likes of crumbs, another individual who liked to avoid logical discourse and facts).

To everyone else,

The future of ActM and VMC is extremely unclear. Ken is currently ignoring many private messages. He has missed self-imposed deadlines for weekly communications and has ignored many shareholder's private communications. This does not bode well, and this account will not be used to stifle the opinions of those that are assimilating this data and coming to the same conclusion. If Ken wants rainbows and unicorns he will have to provide them himself as this thread and its moderators are done with the bullshit.

Facts. Financials. Now.

Or God help you, Kenneth E. Slaughter.

Regards,
ActM Thread Moderators
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June 07, 2014, 10:38:38 PM
 #4072

Lol.  Kill joy  Roll Eyes Cheesy Kiss  900 freakin satoshis.    Lol

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June 07, 2014, 10:46:36 PM
 #4073

Lol.  Kill joy  Roll Eyes Cheesy Kiss  900 freakin satoshis.    Lol

Mirrors.

It seems that your implication here is that this account has someone damaged the price of ActM/VMC shares, which is clearly not the case. The value reflected is absolutely a reflection of the security issuer, Kenneth E. Slaughter. The business has no strategy that is apparent to it's stake holders. As Bargraphics has stated, past whatever business is procured from HashFast's chapter 11 bankruptcy this company has nothing.

If there is something beyond this, then Ken has not stated such. This account will conduct itself in a manner reflective of this reality. We have heard no word of confirmed sales contracts with HashFast creditors so we assume there are none. We have heard no news of a 28nm chip being developed so we logically assume there is none. We hear no information regarding the future of this company so we logically assume there is none.

The share price reflects this. Feel free to call on Ken to correct any of these points.

ActM Thread out.
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June 07, 2014, 11:14:50 PM
 #4074

The tainment value of all this is worth more than anything else at this point, and now the bipolarism was brought down a notch. 

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chsados
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June 08, 2014, 02:08:12 AM
 #4075


Things have officially changed in regards to the moderation of this thread. Zumzero is clearly out of his mind.

SNIP

Regards,
ActM Thread Moderators

Good on you mods.

@Zum, I seriously can't wait until this all finally burns down and your get ostracized as you should be.

I have accepted it, I have losses in excess of 300 BTC.  I will provide any information to the US govt in attempt to get even a fraction of this back.
bitmoon
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June 08, 2014, 03:40:51 AM
 #4076


Things have officially changed in regards to the moderation of this thread. Zumzero is clearly out of his mind.

SNIP

Regards,
ActM Thread Moderators

Good on you mods.

@Zum, I seriously can't wait until this all finally burns down and your get ostracized as you should be.

I have accepted it, I have losses in excess of 300 BTC.  I will provide any information to the US govt in attempt to get even a fraction of this back.

wow so much.

btw how can scammer's sleep at night is beyond me.
this scammers aren't god fearing or dont care about after life.

after life will be huge hardship, take heed, thats all i can say, this life is limited.

i get sick to stomach to see people lose that huge amount,
damiano
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103 days, 21 hours and 10 minutes.


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June 08, 2014, 03:48:47 AM
 #4077


Things have officially changed in regards to the moderation of this thread. Zumzero is clearly out of his mind.

SNIP

Regards,
ActM Thread Moderators

Good on you mods.

@Zum, I seriously can't wait until this all finally burns down and your get ostracized as you should be.

I have accepted it, I have losses in excess of 300 BTC.  I will provide any information to the US govt in attempt to get even a fraction of this back.

300?
 
Holy shit!  I thought my 30 was a lot.  I hope we all recover something
PurpleTentacle
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June 08, 2014, 06:54:51 AM
 #4078

Finally, zum has been removed. Thank you mods.

drawingthesun
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June 08, 2014, 09:31:39 AM
 #4079

Ken has scammed us all!!!!

Ken, you are the biggest liar and thief I have ever known!

kokoarm
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June 08, 2014, 10:21:32 AM
Last edit: June 08, 2014, 10:32:45 AM by kokoarm
 #4080

Finally we can speak the truth in here. I've had over 200 posts deleted, the truth has been twisted and killed. I asked the Mod team to ban zum weeks ago, this is too little too late but welcome.

We need to organise either an SEC fraud investigation or a Wood Law fraud investigation. There is nothing else we can do now.


btw - I don't know why you are telling zumzero he can still post, he deleted all my historic posts going back through weeks of pages and ruthlessly banned me with no warning or reply to pms - all for expressing my valid views. He has done too much harm already and acted like a complete Fascist.
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