Weekly Update 3/5/2014
1. What is the status of our shares?
Active Mining Corporation (Belize) is holding shares for investors, pending the MSD investigation and colored coins.
2. How many bitcoins were on MtGox and why where they there to begin with?
VMC's 453 BTC from Pre-Orders. No Active Mining BTC was lost.
3. How much did ActM lose on the cancelled 55nm deal?
Less than $1,000 plus Active Mining shares. At the same time we gained a lot of experience and the help of 2 engineers. I think in the long run it will be a net positive.
3.1 Were the 55nm ever even taped out? Do you have any proof of their existence?
The 55nm was taped out on a shuttle run. Production run was not taped out.
3.2 How much money does ACTM have?
~1500 BTC
3.3 How much money did ACTM lose in the 28nm eAsic failure?
This has not be finalized as of this date. We are working this week a plans which will recover the complete eASIC NRE.
4. Who is on the payroll (What companies are you currently working with and how many people (and who) currently work at VMC/AMC)
We don't release the names of who is on the payroll and we don't release the names of our vendors.
The tapeout was the shuttle run for prototypes. This was cancelled and transferred to a production run, which was then cancelled also.
6. Intellihash?? Can you please explain what this is/was and how this factors into everything?
Not any more than what has been explained before.
7. Are said financials which are forthcoming going to be prepared to GAAP or IFRS levels? Last time financials were forthcoming they were two lines of text in a monthly update.
Active Mining - No Virtual Mining - Yes
