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Author Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated]  (Read 629450 times)
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wasubii
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July 28, 2014, 01:57:21 AM
 #4821

It's official - VMC worse than BFL

https://bitcointalk.org/index.php?topic=456691.0

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July 28, 2014, 03:23:51 AM
 #4822

Well from the sounds of it none of the shareholders have enough money left to fight Ken, seems he is getting away with all our money.

I was hoping some rich shareholder would come and destroy Ken in court and put him in jail forever, even if I never got a single Bitcoin back. What's worse than losing to this stupid old man, is that he will likely live out the rest of his life as a millionaire with my money. If he ended up in jail it would give me closure.
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July 28, 2014, 05:53:23 AM
 #4823

Annnnnnnd .... its over.

Hashing has stopped.

btc account balance is down to 1.13 BTC

 Roll Eyes



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Rodyland
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July 28, 2014, 06:33:07 AM
 #4824

Annnnnnnd .... its over.

Hashing has stopped.

btc account balance is down to 1.13 BTC

 Roll Eyes

Well, it's been entertaining.  Can't say I got my money's worth, though.

Beware the weak hands!
1NcL6Mjm4qeiYYi2rpoCtQopPrH4PyKfUC
GPG ID: E3AA41E3
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July 28, 2014, 12:04:44 PM
 #4825

Nicely scam kslaughter. Big fail shill zumzero!

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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July 28, 2014, 01:42:04 PM
 #4826

This is the end
My only friend, the end

Of our elaborate plans, the end
Of everything that stands, the end
No safety or surprise, the end

http://s28.postimg.org/3uuy3tx99/Capture.jpg

But didja listen to your buddy Cassandra?  No.
You DIDN'T listen to your buddy Cassandra Angry
It's a curse I tell you, a frickin' curse!
I got punished for not getting fucked, and you?  Well, you just got fucked Sad

Your friend (without benifits),
  ~Cassandra
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July 28, 2014, 04:38:09 PM
 #4827

Is there any evidence that he still has the IPOCoins? I fear he only is an inept businessman and burned all the coins this way. When standing before court he would claim that it only didnt work out the way he wanted but that he had all the best intents.

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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July 28, 2014, 07:13:55 PM
 #4828

Why would someone suggest fat blob sold the hardware, he could just point to a different address.
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July 28, 2014, 07:45:28 PM
 #4829

Winning is great, sure, but if you are really going to do something in life, the secret is learning how to lose. Nobody goes undefeated all the time. If you can pick up after a crushing defeat, and go on to win again, you are going to be a champion someday.


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July 28, 2014, 07:47:10 PM
 #4830

Nicely scam kslaughter. Big fail shill zumzero!

Are you suggesting I got paid to delete your posts?  Kiss

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July 28, 2014, 10:57:48 PM
 #4831

Winning is great, sure, but if you are really going to do something in life, the secret is learning how to lose. Nobody goes undefeated all the time. If you can pick up after a crushing defeat, and go on to win again, you are going to be a champion someday.



from Shawn Hagerty, at The Securities Division of the Missouri Secretary of State’s Office;

" Thank you for your e-mail and the information about your investment with Ken Slaughter. The Securities Division of the Missouri Secretary of State’s Office is an administrative agency tasked with enforcing the securities laws in our State. The Commissioner of Securities can issue Orders to individuals and/or entities to halt certain unlawful activities in or from this State.  A copy of our Cease & Desist Order regarding Mr. Slaughter and his companies, issued on June 2, 2014, is attached to this email.  

 

We cannot provide any legal advice, but I do want to inform you that our investigation in this matter is ongoing and that one of the goals of our office is to get money back for investors. "

It aint over til its over baby.
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July 28, 2014, 11:49:54 PM
 #4832

Is there any evidence that he still has the IPOCoins? I fear he only is an inept businessman and burned all the coins this way. When standing before court he would claim that it only didnt work out the way he wanted but that he had all the best intents.

But then you also think that Ukyo Jon is trying to give you back your coin.  I'd like to believe you're a hopeless romantic, but Occam's razor insists you're (at best) a buffoon.
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July 29, 2014, 12:46:22 AM
 #4833

Nicely scam kslaughter. Big fail shill zumzero!

Are you suggesting I got paid to delete your posts?  Kiss

Apparently you were just stupid enough to do it without getting paid.
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July 29, 2014, 12:41:36 PM
 #4834

Sorry if this has been asked before, is there a point for a non US based shareholder to provide details to the investigators?  Or can they force the company to buy back all the shares at say IPO price and shareholders will get some re-reimbursement this way (prob a best case scenario)?
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July 29, 2014, 01:02:59 PM
 #4835

Sorry if this has been asked before, is there a point for a non US based shareholder to provide details to the investigators?  Or can they force the company to buy back all the shares at say IPO price and shareholders will get some re-reimbursement this way (prob a best case scenario)?

If they do a "forced buyback" or restitution you can probably bet they will have everyone file a "Claim" where you would submit your information anyways.

As was said before it only takes a phone call to ask this question to the MSD as no one has really said one way or the other on here.

MSD Info:

Shawn Hagerty
Investigator
Missouri Secretary of State, Securities Division
600 W. Main St., Box 1276
Jefferson City, MO  65102
573-526-3901
573-526-3124 (fax)
shawn.hagerty@sos.mo.gov

Scott Johnson
Investigator
Missouri Secretary of State, Securities Division
600 W. Main St., Box 1276
Jefferson City, MO  65102
573-751-4704
scott.johnson@sos.mo.gov

Missouri Securities Contact Information Page
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July 29, 2014, 03:05:26 PM
 #4836

Sorry if this has been asked before, is there a point for a non US based shareholder to provide details to the investigators?  Or can they force the company to buy back all the shares at say IPO price and shareholders will get some re-reimbursement this way (prob a best case scenario)?

I can't see there being enough money left in the pot to pay shareholders anything worth their while and there's not a hope in hell it could be anything close to the IPO price. 

When you consider how little money Ken probably had at his disposal and start to subtract what funds have been returned to pre-paying customers, paid in legal fees and ongoing contracts and not forgetting the MSD fine, then it seems increasing likely that what one might recover, if anything, will more a gesture of thanks from the state for aiding in their investigation.

Anyone know if Ken is still operating the business?  Have any of you tried phoning him?  What happened to the HASHFAST deals?

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July 29, 2014, 03:34:48 PM
 #4837

^Stop spreading FUD! 
You'll all be fine, everyone, Ken's got plenty of coin and has an awesome surprise announcement regarding IntelliHash in about two weeks.
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July 29, 2014, 03:43:31 PM
 #4838

LOL, just noticed my 'Trade with extreme caution'.  Haha! What a crock of shite!  Who have I ever traded with?

Don't worry folks, I shan't be trading with you anytime soon.

I feel a little like Jesus Christ being crucified by the Romans, hehe.

Okay, it's time to level with you all but I'm sure you'll just say I'm batshit crazy....

I supported Ken from the beginning because I, like many of you, believed in what he was doing and that it would turn a tidy profit.  When the board of Advisors resigned I started to question Kens abilities and was convinced by board members that Ken was an impressive business man in part because he had convinced eAsic to work with him.  I was also aware that he didn't work well with the board and was bloody minded about how the business should run.  This gave me confidence that he had what it takes to see the business through to success.  At this stage I was aware that he wouldn't enjoy the enormous success he might have if he'd followed through with the boards advice.  They put it on a plate for him but he knew better.  I was still relatively happy with holding my shares with what I believed would be a limited success, but success all the same.  I continued to support Ken and gained his trust while doing everything I could to help, from fighting the trolls, to keeping heads level when people started to flap, to starting a new troll free thread, to creating a structured weekly Q&A, to passing on information which I would get through PM's from Ken.  I did all of this simply to protect my investment.

As the months passed I became increasingly concerned about Kens abilities.  The spelling mistakes, the grammar, the contradictions, the bad business decisions, the delays, the bad PR, the information blackouts, the stalling, the lack of financials, to name a few.  

Around then I could see only two outcomes.  That either Ken started to show us that he was succeeding, or that the shareholders would revolt and their actions would bring about a quick demise.  Option 2 was to lose my investment.  In order to protect my investment, I knew that in publicly supporting the company and sharing my optimism I could potentially delay the shareholders bringing an end to things and hopefully buy time for Ken to make a success.  All along I genuinely believed that Ken could make ActM succeed although I had concerns about his abilities from early on.

By the time I was concerned enough, selling my shares wasn't an option as they weren't trading.

So perhaps VE contacted the MSD.  Perhaps Ken would never have made a success of the company.  Perhaps he might.  I still maintain this is no scam, unless Ken has funds which he is withholding.  Personally I don't see that being true, however that's just my opinion.  I think this is just a failed business with a company that was run by someone who didn't realise that time to market was the key to success.

And finally, I'd like to say that I have never met Ken, never spoken with him on the phone, have never received money from him, have never been a shill (a plant or stooge), live in UK, genuinely believed in ActM having a good chance of success all the way to the possibility of the HASHFAST deals.  There is still a small part of me that wonders what the chances are that Ken is still working away but is unable to tell us what he's up to for legal reasons.  Then perhaps that's just the optimist in me.  Smiley


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July 29, 2014, 04:26:33 PM
 #4839

You (and others) "supporting" Ken did nothing but give him time to waste/lose/steal YOUR money.

Blaming other shareholders is also stupid. The shareholders didn't make nothing happen until the easic deal sprung up. The shareholders didn't string along the people who made the "6 million dollars of preorders." The shareholders didn't cause nothing to come of the easic deal. The shareholders didn't stupidly leave coins on Gox for no apparent reason. The shareholders didn't do anything to cause Ken to be unable to ship in hand product he got from Hashfast. The shareholders didn't make Ken never post financials.

The best case scenario is that Ken is completely incompetent. Worse case he is a crook that stole your money. In both cases your option 1 does nothing to benefit you, and option 2 can actually be to your benefit if he is a crook.
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July 29, 2014, 06:30:48 PM
 #4840

Thanks for sharing your opinion.  I'm not going to challenge it.  All I will say is that I have explained my motives and if you want to fault them then so be it.

I'm not bitter and I don't hold any grudge against Ken and I certainly won't come on here and abuse him as others seem to find comfort in doing.  I don't have any reason to follow any sort of legal claim right now and have no desire to contact the MSD.  As I see it, I backed the wrong horse.  It was always a high risk investment and this time things didn't work out.  Onwards and upwards.  Smiley

P.S.  Lol at Mabsark's efforts to muddy the reputation of anonymous forum contributors.  Brilliant!


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