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Author Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated]  (Read 629625 times)
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kslaughter
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March 06, 2014, 02:42:07 AM
 #481

Weekly Update 3/5/2014

Quote
1.  What is the status of our shares?

Active Mining Corporation (Belize) is holding shares for  investors, pending the MSD investigation and colored coins.


can you explain , why CT customer was able to trade ActM shares?  while pending MSD investigation?

did they give you exception to let you list to recover the loss?

thank you



The ukyo shares were being traded before the MSD investigation.
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March 06, 2014, 02:43:24 AM
 #482

Why were there coins on GOx Ken?

We were using MtGox to process our bitcoin transactions.
How were you getting money out?

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WALLET




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minerpart
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March 06, 2014, 02:44:15 AM
 #483

These remaining Bitcoins need to be kept offline in multiple  cold wallets otherwise they could be lost to a hack.  Ken can you confirm you are storing the coins in cold wallets? It's crucial.  
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March 06, 2014, 02:45:49 AM
 #484

Why were there coins on GOx Ken?

"No Active Mining BTC was lost."
Are you insane who's profit do you think that comes out of.

I am just talking about the entities not about profit or loss.
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March 06, 2014, 02:47:11 AM
 #485

These remaining Bitcoins need to be kept offline in multiple  cold wallets otherwise they could be lost to a hack.  Ken can you confirm you are storing the coins in cold wallets? It's crucial.  

Yes, all of our bitcoin's are in a cold wallet.
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March 06, 2014, 02:48:11 AM
 #486

Why were there coins on GOx Ken?

We were using MtGox to process our bitcoin transactions.
How were you getting money out?

Probably moving BTC from MtGox to a privately held address.
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March 06, 2014, 02:48:57 AM
 #487

Why were there coins on GOx Ken?

We were using MtGox to process our bitcoin transactions.
How were you getting money out?

We only had bitcoins on MtGox no USD.
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March 06, 2014, 02:50:17 AM
 #488

Ken,

Who is our new BTC payment processor?

Thanks
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March 06, 2014, 02:51:28 AM
 #489

Ken,

Who is our new BTC payment processor?

Thanks

Most likely Coinbase.
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March 06, 2014, 02:53:34 AM
 #490

The way I understand it VMC and AMC are two different entities.... So if VMC was to go bankrupt, would AMC still have it's assets and be able to continue building a mining farm for its shareholders? (I don't actually see this happening but would like to know the answer)

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March 06, 2014, 02:58:09 AM
 #491

Ken while you are on and answering concerned shareholders questions.

Can you tell us about the 28nm chip. Will it actually become a product/ what are the dates?

Are you willing to do a google group chat with shareholders to ease tension?

Remember we gave you lots of money and in return have nothing but empty promises. I am sure you understand.
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March 06, 2014, 03:01:49 AM
 #492

Weekly Update 3/5/2014

Quote
1.  What is the status of our shares?

Active Mining Corporation (Belize) is holding shares for  investors, pending the MSD investigation and colored coins.


can you explain , why CT customer was able to trade ActM shares?  while pending MSD investigation?

did they give you exception to let you list to recover the loss?

thank you



The ukyo shares were being traded before the MSD investigation.

ok, why you didn't list us along ukyo shares? any reason?

but i am glad you didn't list us to be honest, your delay saved us from unforeseen another dark hole.

but i would like to know the answer for above question please,

thank you
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March 06, 2014, 03:02:59 AM
Last edit: March 06, 2014, 03:33:43 AM by minerpart
 #493

The way I understand it VMC and AMC are two different entities.... So if VMC was to go bankrupt, would AMC still have it's assets and be able to continue building a mining farm for its shareholders? (I don't actually see this happening but would like to know the answer)



Not the most sensible question to ask - unless you want a wave of cancelled pre-orders to refund in the morning.

Ken has always said customers and shareholders are the number one priority.  If VMC succeeds then so does Active Mining so there is no possibility of one side going bankrupt over the other.

edit- and with a near full refund from eASIC the company will have more than enough money to go round so there is no need or benefit from bankruptcy. Quite the opposite in fact. 
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March 06, 2014, 03:43:26 AM
 #494

Ken while you are on and answering concerned shareholders questions.

Quote
Can you tell us about the 28nm chip. Will it actually become a product/ what are the dates?

We are continuing to work with our vendors on our 28nm project.

Quote
Are you willing to do a google group chat with shareholders to ease tension?

Not at this time.  We are doing Weekly updates to keep shareholders up to date.

Quote
Remember we gave you lots of money and in return have nothing but empty promises. I am sure you understand.

Remember Active Mining has paid out or is going to pay out $ 462,115.81  in dividends.  So, Active Mining has gave a lot of money back.
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March 06, 2014, 03:46:42 AM
 #495

The way I understand it VMC and AMC are two different entities.... So if VMC was to go bankrupt, would AMC still have it's assets and be able to continue building a mining farm for its shareholders? (I don't actually see this happening but would like to know the answer)



Not the most sensible question to ask - unless you want a wave of cancelled pre-orders to refund in the morning.

Ken has always said customers and shareholders are the number one priority.  If VMC succeeds then so does Active Mining so there is no possibility of one side going bankrupt over the other.

edit- and with a near full refund from eASIC the company will have more than enough money to go round so there is no need or benefit from bankruptcy. Quite the opposite in fact. 

I would not expect a full refund from eASIC; however, as I have said we have a plan, which with a partial refund from eASIC we could recoup eASIC's NRE.
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March 06, 2014, 03:49:14 AM
 #496

The way I understand it VMC and AMC are two different entities.... So if VMC was to go bankrupt, would AMC still have it's assets and be able to continue building a mining farm for its shareholders? (I don't actually see this happening but would like to know the answer)

This is not going to happen to VMC.
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March 06, 2014, 03:58:56 AM
 #497

Ken,

Can you please distribute our backed up dividends?

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March 06, 2014, 04:15:50 AM
 #498

Holy hell fire. 453 BTC.. Mt. Gox, try to squeeze that extra dime out and they take it all away.
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March 06, 2014, 04:32:50 AM
 #499

Holy hell fire. 453 BTC.. Mt. Gox, try to squeeze that extra dime out and they take it all away.

Not exactly the best way to spend $250-$500K, huh? Plenty of 'should have been smarter' people lost money on Gox, but it's painful nevertheless. Someone let me know when there's good news...

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March 06, 2014, 04:59:56 AM
 #500


Remember Active Mining has paid out or is going to pay out $ 462,115.81  in dividends.  So, Active Mining has gave a lot of money back.

Still clinging to the USD figure instead of the BTC figure, pay out $462,000 but lose $25 million of investors money. Really great job, managed to make me rage on that one.
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