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Bargraphics
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June 02, 2014, 09:49:43 PM |
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The law would not tell Ken to refund people in Bitcoin. They don't recognize Bitcoin as a currency. So the refunds would be in cash. If you paid $140, he'll have to refund you $140. Based on what you paid in cash is what you will get reimbursed.
So it would be off IPO price then? Most likely, but which one? >.> |
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SebastianJu
Legendary
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Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
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June 02, 2014, 09:53:17 PM |
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The law would not tell Ken to refund people in Bitcoin. They don't recognize Bitcoin as a currency. So the refunds would be in cash. If you paid $140, he'll have to refund you $140. Based on what you paid in cash is what you will get reimbursed.
Are you sure about that? Its not that people invested fiat into ken, they invested bitcoins. So in case they would have given him gold instead of bitcoins he would need to give back gold i guess. |
Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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bigdude
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June 02, 2014, 09:55:53 PM |
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Clearly Ken needs to get his head out of the sand and make a statement to investors
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damiano
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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June 02, 2014, 10:06:10 PM |
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I sold a lot weeks ago... I'm out a lot. Should I re purchase what I sold? For refund/accounting purposes?
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kslaughter
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June 02, 2014, 10:07:59 PM |
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Active Mining will have to use non-investor funds to pay a fine of up to $100,000 this will have to come from
the mining account only. The balance in the mining account will used to fund operations.
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hazryder
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June 02, 2014, 10:09:20 PM |
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Active Mining will have to use non-investor funds to pay a fine of up to $100,000 this will have to come from
the mining account only. The balance in the mining account will used to fund operations.
How can we get reimbersed for our shares? |
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GTR_JOEY
Member
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Activity: 99
Merit: 10
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June 02, 2014, 10:11:07 PM |
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Ffs.. You fucking monkeys.. Wait no, monkeys would do a better job
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kslaughter
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June 02, 2014, 10:12:47 PM |
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Active Mining will have to use non-investor funds to pay a fine of up to $100,000 this will have to come from
the mining account only. The balance in the mining account will used to fund operations.
How can we get reimbersed for our shares? This will be announced at a latter time. |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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June 02, 2014, 10:14:13 PM |
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Active Mining will have to use non-investor funds to pay a fine of up to $100,000 this will have to come from
the mining account only. The balance in the mining account will used to fund operations.
How can we get reimbersed for our shares? This will be announced at a latter time. When will the remaining dividends be paid out? How do you feel about ACTM end of 2014? |
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knybe
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June 02, 2014, 10:16:55 PM |
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Active Mining will have to use non-investor funds to pay a fine of up to $100,000 this will have to come from
the mining account only. The balance in the mining account will used to fund operations.
How can we get reimbersed for our shares? This will be announced at a latter time. Ken, STOP DRAGGING THIS OUT. Reimburse those that want out and be done with it so you can concentrate and continue with your business. please. |
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tempestb
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June 02, 2014, 10:18:50 PM |
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Are you sure about that? Its not that people invested fiat into ken, they invested bitcoins. So in case they would have given him gold instead of bitcoins he would need to give back gold i guess.
The Government doesn't recognize gold as a currency, you would have to refund people in cash. For instance, in court cases that involve broken engagements, a court cannot force one party to return an engagement ring. Instead the court fines that person in cash. The courts deal with cash. Property sometimes, but that is usually auctioned off for cash. At no point does the court say, "You gave him a 1978 Jeep. You need to return him a 1978 Jeep." Never happens. The refund will have to be in cash. |
1D7JwRnoungL1YQy7sJMsqmA8BHkPcKGDJ
We mine as we dream... Alone
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Mutated btc
Member
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Activity: 84
Merit: 10
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June 02, 2014, 10:19:05 PM |
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Active Mining will have to use non-investor funds to pay a fine of up to $100,000 this will have to come from
the mining account only. The balance in the mining account will used to fund operations.
and the rest of share? i sended email 20th may, how long is few days? |
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kslaughter
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June 02, 2014, 10:21:38 PM |
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I sold a lot weeks ago... I'm out a lot. Should I re purchase what I sold? For refund/accounting purposes?
The refund will only be for the current price you purchased at this time, not for your previous price. |
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Mutated btc
Member
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Activity: 84
Merit: 10
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June 02, 2014, 10:26:53 PM |
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I sold a lot weeks ago... I'm out a lot. Should I re purchase what I sold? For refund/accounting purposes?
The refund will only be for the current price you purchased at this time, not for your previous price. answer me too ken please update me on the rest of share verification, sended before deadline, say not yet, if you didnt, for peace of my mind |
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thefunkybits
Legendary
Offline
Activity: 1218
Merit: 1000
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June 02, 2014, 10:27:49 PM |
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I sold a lot weeks ago... I'm out a lot. Should I re purchase what I sold? For refund/accounting purposes?
The refund will only be for the current price you purchased at this time, not for your previous price. what happens to shares that are bought out? are they destroyed or do they become the company's? |
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HardwareReviewer
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June 02, 2014, 10:30:16 PM |
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Active Mining will have to use non-investor funds to pay a fine of up to $100,000 this will have to come from
the mining account only. The balance in the mining account will used to fund operations.
So instead of refunding customers, you will use the income of the mining farm to pay the fine. Great story. |
Prepare to enter a world of stress
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shaofis
Member
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Activity: 106
Merit: 10
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June 02, 2014, 10:37:13 PM |
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The balance in the mining account will used to fund operations.
Which operations? There are still two companies here right... are you taking the ActM profits to fund VMC's failures? |
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finlof
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June 02, 2014, 10:37:30 PM |
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Let's not flood this thread with "LEMMEOUTZBRO!" Send him an e-mail or a PM.  Edit: I would be curious what other investors interpret "Reimbursement" to be. Original IPO value (.0005), IPO 2.0 (.0025), or some other value? fuck it. I only look forward to the day I never have to read this godforsaken thread ever again. you wont be able to stop looking. you will keep coming back for more. you're an addict and this is your drug. prove me wrong... |
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Ozymandias2
Member
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Activity: 98
Merit: 10
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June 02, 2014, 10:50:20 PM |
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What are the other [relevant] repercussions aside from the up to $100,000 fine? The further issuing of shares is obviously irrelevant since the currently issued shares are non-dilutable.
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arousedrhino
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June 02, 2014, 10:55:36 PM |
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So, some motherfucker snitched on Ken and now we are all fucked...
No, it was Ken's actions that did this. The secretary of state guy said Ken has done it before with another company in Misouri. Sure, we are all very fond of government involvement here. Probably, the funds left will go for lawyers and government fines... No it was an investor that does not understand risk. Who then whined to his government even though he was using an unregulated currency. We all knew the risks those who involved the government should never have been using BTC in the first place. |
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