[ActiveMining] Official Shareholder Discussion Thread [Moderated]

[JoTheKhan]

The main problem is so simple though. It's communication.

Hell, the reason AM's thread is so shitty right now is because of communication. The share price literally went to shit right when FC posted his Financials, mostly because people don't know how to read the charts he made. Which IMHO are pretty optimistic when you add them to Jutarul's updates. But see how the lack of communication can make even the behemoth keel. He should have obviously stated his plan for the next month or two along with the financials so people could see the entire picture.

I think many of the companies on this forum don't understand that communication is key. Keeping stuff a secret until all the shit hits the fan is only going to insight a riot. Not keeping people updated on avenues of pursuit is only going to cause more problems.

If Ken says hes working on something more important than the website. Then tell us. If there is some unmovable block that is stopping us from getting the website fixed and marketing rolling then we need to be alerted to it. How else are we supposed to effectively price shares or value the company in any shape or form?

At this point it's not about running the company inadequately, that can be fixed if it's not too late. It's about withholding information like a kid whose scared to show his parents his report card. It feels like more energy is being exhausted by Ken to deceive and stave off our answers and keep us blind and dumb than to make progress in the company. Now is this true? Who knows, we can't even comprehend what Ken has been doing for the last 3 Months that can account for a 15~30 hour work week, let a lone a 40 hour work week for him alone. Now include People's Asic, AMC/VMC's employees, etc.. and it just does not add up.

If asked what is Active Mining's Goals and its plan to achieve that for Q3/Q4 along with the amount of progress so far. I don't think any of us could come back with a definite answer on any of this.

Here are some questions that I don't think any of us could answer for certain right now.

• Is Active Mining still in the black?
• Do we have plans to expand to another DC?
• Are we still working on our own chip? And if so how far along are we?
• What percentage of refunds have been repaid (Not % of customers, but % of money)?
• How many people work for Active Mining/Virtual Mining?
• Do we actually have a Web Designer and/or a Financial Auditor who actually does work for this company? Is so, have they been dead/sick/on vacation for the last two months? Why have they not been fired?
• A list of priorities for the company right now? (Such as 1. Hash Rate 2. Website 3. Mimosas)

Communication is super simple but with how simple it is, it is super important. Beyond a doubt it is fucking important.

[thefunkybits]

So why haven't we?

Lorenzo has thrown around the idea of legal action to oust Ken as CEO, so there have been attempts (I would be all for these attempts now, before I wasn't so impressed with the idea but Ken has proven himself to be a paperweight if he cant even fix his own website)

Remember Danny Brewster...

The fact of the matter is that we are dealing with someone who literally can't dot their i's and cross their t's...if that's not an issue for you then I don't know what to say to you.

[JoTheKhan]

So why haven't we?

Lorenzo has thrown around the idea of legal action to oust Ken as CEO, so there has been attempts (I would be all for these attempts now, before I wasn't so impressed with the idea but Ken has proven himself to be a paperweight if he cant even fix his own website)

Remember Danny Brewster...

The fact of the matter is that we are dealing with someone who literally can't dot their i's and cross their t's...if that's not an issue for you then I don't know what to say to you.

It is an issue. It shows a lack of appreciation for the situation at hand.

Some sort of oversight or new leadership would definitely not hurt.

A board with some sort of actual control over the direction of the company would be wonderful. A PR person, even an assistant, a college/high school kid who you can hire for $10 or less an hour for 1 day a week to come and say.

"Ken has done X, Y, Z, but not W this week."

"This is the plan for the next month."

Would be better than what we have now.

[arousedrhino]

So why haven't we?

Lorenzo has thrown around the idea of legal action to oust Ken as CEO, so there has been attempts (I would be all for these attempts now, before I wasn't so impressed with the idea but Ken has proven himself to be a paperweight if he cant even fix his own website)

Remember Danny Brewster...

The fact of the matter is that we are dealing with someone who literally can't dot their i's and cross their t's...if that's not an issue for you then I don't know what to say to you.

Crossing their t's and totting their i's is no indication that they will actually run a successful company. Look at NeoBee all his statements were great, until the company was done.

That doesn't excuse his typos or poor communication but good grammar and spelling are not the only indicator of someones ability to run a company.

[thefunkybits]

Crossing their t's and totting their i's is no indication that they will actually run a successful company.

Definitely not, but it gives you an idea of his IQ range and attention to detail

[knybe]

Crossing their t's and totting their i's is no indication that they will actually run a successful company. Look at NeoBee all his statements were great, until the company was done.

That doesn't excuse his typos or poor communication but good grammar and spelling are not the only indicator of someones ability to run a company.

It's a pretty damn near dead give away that being detail oriented and sharp is not at all any of this "CEO"s strong suits.

[zumzero]

So why haven't we?

Lorenzo has thrown around the idea of legal action to oust Ken as CEO, so there has been attempts (I would be all for these attempts now, before I wasn't so impressed with the idea but Ken has proven himself to be a paperweight if he cant even fix his own website)

Remember Danny Brewster...

The fact of the matter is that we are dealing with someone who literally can't dot their i's and cross their t's...if that's not an issue for you then I don't know what to say to you.

Why this is an issue for you now I don't know.  Perhaps you have only recently become aware that Ken was never an A student in English or maybe you've always known but am only now expressing your concerns.  Either way, for me, it's a non issue.  Ken's forte is more on the engineering side of things and while I'd agree that a CEO ought to have good language skills it's not a prerequisite to making this particular company a success.  Build the miners, build the farm, make a profit then spell check to your hearts content.

[zumzero]

Crossing their t's and totting their i's is no indication that they will actually run a successful company.

Definitely not, but it gives you an idea of his IQ range and attention to detail

This is a total nonsense.  I object strongly.  How little you know.

Crossing their t's and totting their i's is no indication that they will actually run a successful company. Look at NeoBee all his statements were great, until the company was done.

That doesn't excuse his typos or poor communication but good grammar and spelling are not the only indicator of someones ability to run a company.

It's a pretty damn near dead give away that being detail oriented and sharp is not at all any of this "CEO"s strong suits.

CUT TO:

"Thanks Ken, we should call you FreidKen! Amazing to see the divs this week get even higher again. My god I am so happy I didn't sell up when DTS did!!!  . Again Zum, why we ever doubted you I'll never know.  Big up to you bro and much respect for your positivity!"  

[thefunkybits]

This is a total nonsense.  I object strongly.  How little you know.

lol ok....care to elaborate or do you simply object to keep a balance in here?

The fact of the matter is that we are dealing with someone who literally can't dot their i's and cross their t's...if that's not an issue for you then I don't know what to say to you.

[knybe]

CUT TO:

"Thanks Ken, we should call you FreidKen! Amazing to see the divs this week get even higher again. My god I am so happy I didn't sell up when DTS did!!!  . Again Zum, why we ever doubted you I'll never know.  Big up to you bro and much respect for your positivity!"  

your delusions continue to astound me.

[Bit_Joe]

http://www.coindesk.com/hashfast-staves-involuntary-bankruptcy-san-francisco-court/


so will Hashfast chips be using Fasthash boards?

[zumzero]

This is a total nonsense.  I object strongly.  How little you know.

lol ok....care to elaborate or do you simply object to keep a balance in here?

The fact of the matter is that we are dealing with someone who literally can't dot their i's and cross their t's...if that's not an issue for you then I don't know what to say to you.

I strive for balance in here which is what motivates me to post most.

..well, people come in all shapes and sizes and those of us who are limited in some ways are often more gifted in others.  Because society places enormous pressure on us all to be able to dot all the eyes and cross all the teas, what happens is those of us who aren't built with that perfect balance of achieving both equally efficiently are labelled inferior when in truth they are not.  Your problem thefunkybits is that at some point you stopped thinking for yourself and allowed a corrupt belief system to take charge.  

[arousedrhino]

Crossing their t's and totting their i's is no indication that they will actually run a successful company. Look at NeoBee all his statements were great, until the company was done.

That doesn't excuse his typos or poor communication but good grammar and spelling are not the only indicator of someones ability to run a company.

It's a pretty damn near dead give away that being detail oriented and sharp is not at all any of this "CEO"s strong suits.

True, but its the least of his short comings as a CEO. We should be focusing on bigger things than the CEO's grammar. Customers want communication and timely responses. I would rather they have improper grammar then to have our customers ignored.

[Jasun7211]

In the big picture at least we are still here to fight about something, the hashfast people now have nothing to fight over they got their answers....

[zumzero]

$623  

It's telling that I'm starting to click on bitcoinity again!

[JimmyJazz]

Gallo also said that HashFast’s desire to convert from the involuntary Chapter 7 bankruptcy that it faces at present to a Chapter 11 bankruptcy protection is in the interests of his clients.

“In my opinion [HashFast] had to sell chips to raise money to get into Chapter 11,” he told Ars. "HashFast has these chips, and the way to maximize value is to put those chips to work mining bitcoins. And I think what is most likely is some sort of a plan that will raise the money to mine Bitcoin, to pay its debts. They need to be able to pay their bankruptcy lawyers and payroll to have it not be a disaster. The reason the creditors agreed to the sales in my opinion is that the best interests of the creditors are best served from a well-run Chapter 11. Most of my clients are individuals with relatively small claims.”

[drawingthesun]

Gallo also said that HashFast’s desire to convert from the involuntary Chapter 7 bankruptcy that it faces at present to a Chapter 11 bankruptcy protection is in the interests of his clients.

“In my opinion [HashFast] had to sell chips to raise money to get into Chapter 11,” he told Ars. "HashFast has these chips, and the way to maximize value is to put those chips to work mining bitcoins. And I think what is most likely is some sort of a plan that will raise the money to mine Bitcoin, to pay its debts. They need to be able to pay their bankruptcy lawyers and payroll to have it not be a disaster. The reason the creditors agreed to the sales in my opinion is that the best interests of the creditors are best served from a well-run Chapter 11. Most of my clients are individuals with relatively small claims.”

So when do we find out that ActiveMining will serve all hashfast customers?

[JimmyJazz]

I don't know to much legal bollocks going on. What I do know is they have 30k chips and if they want to mine or their customers want to mine they will need boards. This is where hopefully our dear leader strikes.

[wonker]

ActiveMining cant even serve his own customers...

[sparky999]

Surprised not to see a spike in share price after the latest hashfast news.Best news this company has had in months - maybe ever!