[ActiveMining] Official Shareholder Discussion Thread [Moderated]

[lobbes]

It feels pointless to debate percentages of reinvestment when Ken hasn't released any profit projections.

[knybe]

It feels pointless to debate percentages of reinvestment when Ken hasn't released any profit projections.

It is pure fantasy to debate or provide advice for anything about the workings of this business when the reality of it is that none of us have any say whatsoever.

with or without our shares/dividends.

[minerpart]

It is pure fantasy to debate or provide advice

To debate and offer someone advice can't by the nature of the meaning of the word be 'fantasy'.

However if you mean it's fantastical to think Ken might listen to his shareholders views, well that might be your opinion but it been proven wrong by past events when Ken has listened.

I don't see a problem with speaking up about how we want the company to be run and/or pre-empting whatever decision is going to be made about these new proceeds from online sales.

We could sit here bitching all day about the company as some seem to love to do or we can ask the CEO specific questions about company strategy. I know which has the higher chance of actually achieving anything.

[JoTheKhan]

It feels pointless to debate percentages of reinvestment when Ken hasn't released any profit projections.

It is pure fantasy to debate or provide advice for anything about the workings of this business when the reality of it is that none of us have any say whatsoever.

with or without our shares/dividends.

It's common knowledge that none of us have a say in this company. Doesn't hurt to state our opinions though.

[klondike_bar]

are you kidding?

http://lmgtfy.com/?q=adjustable+breaker

sorry now i did my research - they are real but IMO not a very good method of cicuit overload protection when the key safety component can be adjusted to higher/lower sensitivity. 

What happening is that under load the voltage was going down to 115 which caused the overload.  Our electrician came over on Sunday morning and adjusted the voltage up to 130 which under load went down to 122 and solved the problem.

makes sense. 

however, why are you not using 208V power?  almost every 12V power supply is 3-6% more efficient when drawing 200+ volts, and you can virtually double the amount of equipment without hitting the same amperage off the circuit panel

[lobbes]

Without even waxing philosophical about shareholders owning shares or having say, I was just pointing out that it is hard to allocate funds when:

A) We have no cost data
B) No idea what profits can be allocated (or even if ActM is profitable!)

At least the discussion regarding the website is dealing with something tangible that we can see. My point is, Ken needs to get financials out.

Now THAT is asking the CEO for something specific about the company strategy.

...
We could sit here bitching all day about the company as some seem to love to do or we can ask the CEO specific questions about company strategy. I know which has the higher chance of actually achieving anything.
...

[neilol-real]

Are we still on track for ~170TH by the end of the week?

Edit: 

[JoTheKhan]

Without even waxing philosophical about shareholders owning shares or having say, I was just pointing out that it is hard to allocate funds when:

A) We have no cost data
B) No idea what profits can be allocated (or even if ActM is profitable!)

At least the discussion regarding the website is dealing with something tangible that we can see. My point is, Ken needs to get financials out.

Now THAT is asking the CEO for something specific about the company strategy.

...
We could sit here bitching all day about the company as some seem to love to do or we can ask the CEO specific questions about company strategy. I know which has the higher chance of actually achieving anything.
...

I agree 100% I have been asking for a Financial report for awhile now. (For months). It's been 28 Days since his most recent deadline was missed too.

[Simon Templar]

The X% reinvestment idea is an interesting one and if it were implemented I would suggest it only makes sense for it to be 100%.  Anything less would be self defeating.  I'm not convinced it would be wise to attach conditions to such an agreement but think it more important to have an expiry date where the IPO's 50% payout/reinvestment be reintroduced.  

Personally I think we are barking up the wrong tree at this time with this idea and that we shareholders should focus our efforts on pressuring Ken in aspects of the business that 1) we are able to wield influence, and 2) are relatively easy for Ken to implement.

Which brings me to the website.  This is such an easy thing to remedy and yet isn't being sorted out.  When you consider the negative effect this is having on the business in terms of lost revenue and reduced reinvestment, it puts the charitable offer of letting Ken spend our mining divs into perspective.  If the company is to maximise its reinvestment funds it's needs to sell more hardware rather than take money from the shareholders profits.

Ken please;

Remove the out dated hardware from the website.
Reduce the price of the Prospector to reflect the higher performing and currently lower priced Gold Rush.
Amend the listing to display the correct hash rate of the Gold Rush.

How difficult can these three simple tasks be?

[MilkyWayMasta]

Ken can you let us know about the financials of the company? It is hard to make a decision on the dividends when shareholders don't know current and future projections for the return on invested capital so far.

[WildFire.ca]

Ken how much are we paying per KW in the DC.

[Anotheranonlol]

Kenneth please

[Simon Templar]

Ken, do you think it unreasonable that shareholders ask these questions?  Do you think we deserve answers?

[thefunkybits]

I was only ok with 100% reinvest because I assumed share trading was around the corner. Now we know an investigation can take 12 months I am sure many people will back me in at least getting 25% - 40% of profit paid out direct as a dividend to our addresses. Many of us would like the dividend now instead of next year.

I am in agreement for 60% - 75% of profits being reinvested however.

Who agrees with me?

Doesnt matter. Ken has already agreed to do 50/50 long ago and that cant change

edit: have these cards been sold?

http://virtualminingcorp.com/shop1/index.php?id_product=41&controller=product

[WildFire.ca]

What's the frequency Kenneth.
https://www.youtube.com/watch?v=jWkMhCLkVOg

[WildFire.ca]

https://pay.reddit.com/r/Bitcoin/comments/248trz/mt_gox_class_action_lawsuit_important_announcement/

[bigdude]

Ken, can you please provide a useful update on what happened with eAsic - how much did we (are we) getting back?

[VinceSamios]

An update on my order...

Placed the order 2 weeks ago today, it then took me 2 days to initiate the bank transfer and then presumably 3 days for the funds to land in the US.

I haven't had confirmation that funds were received but my order status is "preparation in progress"

I will let you know more when I know more myself.

[emkay47]

An update on my order...

Placed the order 2 weeks ago today, it then took me 2 days to initiate the bank transfer and then presumably 3 days for the funds to land in the US.

I haven't had confirmation that funds were received but my order status is "preparation in progress"

I will let you know more when I know more myself.

Dude i guess , people here does not want any shipping update or maybe even they can't do anything about it .
My posts are getting deleted for some reason .

Its been almost 30 days i converted my order to 5 of the Prospector Boards .
I have just received 1 Board so far and Ken told me that they shipped the remaining boards on Wed .
I still have no tracking number and have not received them yet .

If my remaining boards were shipped on Wed , they would have been here already .
My previous 1 Board reached here in 3 days .

Wait is the only thing i can do .

[minerpart]

Wait is the only thing i can do .

Keep us updated, this wait is getting silly now. How is the one board you have already doing?