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arousedrhino
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June 02, 2014, 10:59:49 PM |
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He needs about 20Mill usd to reimburse everyone at 0.0025. In 45 days that could be higher. Maybe he's making it up as he goes along again? This seemed to come from a phone call interview and he didn't even know about this secretary of state ruling so he was put on the spot and under pressure so maybe he got it wrong?
Oh and I bought quite a lot at 0.005 as did others so he will need about 40Million USD to reimburse everyone.
The IPO was at .0005 and .0025, just because you bought at a higher price does not entitle you to that refund. You bought at market price, thats not the IPO price. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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arousedrhino
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June 02, 2014, 11:00:36 PM |
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He needs about 20Mill usd to reimburse everyone. In 45 days that could be higher. Maybe he's making it up as he goes along again? This seemed to come from a phone call interview and he didn't even know about this secretary of state ruling so he was put on the spot and under pressure so maybe he got it wrong?
Not if he reimburses in fiat and not bitcoin.  Hash Fast tried that but it was ruled illegal? Just worked it out just incase. He will need 3.1 Million USD to reimburse 10 Mill shares at 0.0025 with BTC price at $125 which it was when most people bought in? But again people who bought in at 0.005 when btc was $600 would push the total up to 6Mill USD? Ken raised about $1,000,000 from the sale of all shares. No he raised X BTC, nobody here wants the useless USD. |
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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, 11:21:45 PM |
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OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.
To be more precise: ...
The refund will only be for the current price you purchased at this time, not for your previous price.
Because Ken has powers... that won't fly in the us |
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kslaughter
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June 02, 2014, 11:22:14 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 Working on getting the shares verified and transferred today. |
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kslaughter
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June 02, 2014, 11:23:11 PM |
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OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.
To be more precise: ...
The refund will only be for the current price you purchased at this time, not for your previous price.
Because Ken has powers... that won't fly in the us That is what the MSD has told us. |
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kslaughter
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June 02, 2014, 11:24:50 PM |
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OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.
It will be refunded at the original investors investment plus 8% interest in USD. |
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thefunkybits
Legendary
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Activity: 1218
Merit: 1000
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June 02, 2014, 11:28:22 PM |
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OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.
It will be refunded at the original investors investment plus 8% interest in USD. what happens to the "reimbursed" shares? is there a plan to pay back 0.0025 BTC per share to the remaining shares? |
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kslaughter
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June 02, 2014, 11:33:12 PM |
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OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.
It will be refunded at the original investors investment plus 8% interest in USD. what happens to the "reimbursed" shares? is there a plan to pay back 0.0025 BTC per share to the remaining shares? The reimbursed shares will be owned by the company. The original contract applies. |
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kslaughter
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June 02, 2014, 11:33:48 PM |
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You need about 17,000 btc to do that Ken do you have that much?
I don't think so. |
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kleeck
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June 02, 2014, 11:35:32 PM |
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OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.
It will be refunded at the original investors investment plus 8% interest in USD. The original investors investment in BTC or USD plus 8% USD? If USD, how will you know what USD value investors bought at? |
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kslaughter
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June 02, 2014, 11:37:47 PM |
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He needs about 20Mill usd to reimburse everyone. In 45 days that could be higher. Maybe he's making it up as he goes along again? This seemed to come from a phone call interview and he didn't even know about this secretary of state ruling so he was put on the spot and under pressure so maybe he got it wrong?
Not if he reimburses in fiat and not bitcoin. Hash Fast tried that but it was ruled illegal? Just worked it out just incase. He will need 3.1 Million USD to reimburse 10 Mill shares at 0.0025 with BTC price at $125 which it was when most people bought in? But again people who bought in at 0.005 when btc was $600 would push the total up to 6Mill USD? Ken raised about $1,000,000 from the sale of all shares. No he raised X BTC, nobody here wants the useless USD. 10 Million shares where not sold at .0025 BTC, the tenders shares will be valued at their original purchase price of .0005 BTC @ ~$100 USD. The shareholder will have to prove that they purchased the shares from Active Mining not from someone else. All sharesholders wanting a refund will need to provide their ID information to the Missouri Securities Division. The shareholders will have to transfer the shares back to Active Mining. |
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thefunkybits
Legendary
Offline
Activity: 1218
Merit: 1000
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June 02, 2014, 11:38:53 PM |
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You need about 17,000 btc to do that Ken do you have that much?
He will have to either sell BTC (which will be well above $1K at that point, considering the amount of time it takes BTC to move vs. the legal system and the amount of time the company has to pay the fine) or use fiat from some magical deal we may have whipped up. Either way, getting paid back in fiat is shafting investors...especially considering many of us used $100 BTC at the time of IPO. When BTC goes for another quantum leap we'll be left with orders of magnitude less in BTC value. Ken, please inform us of your plans to satisfy those who may want to remain shareholders. I'm sure we all want Bitcoin in our wallets, not USD |
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MilkyWayMasta
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June 02, 2014, 11:42:45 PM |
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So 0.0005 BTC @ $100 USD per BTC = $0.05 per share. Not even 1/10 of a mBTC. Shame.
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kslaughter
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June 02, 2014, 11:42:55 PM |
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You need about 17,000 btc to do that Ken do you have that much?
He will have to either sell BTC (which will be well above $1K at that point, considering the amount of time it takes BTC to move vs. the legal system and the amount of time the company has to pay the fine) or use fiat from some magical deal we may have whipped up. Either way, getting paid back in fiat is shafting investors...especially considering many of us used $100 BTC at the time of IPO. When BTC goes for another quantum leap we'll be left with orders of magnitude less in BTC value. Ken, please inform us of your plans to satisfy those who may want to remain shareholders. I'm sure we all want Bitcoin in our wallets, not USDYou don't have to take the offer and you can keep your shares in the company. |
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JoTheKhan
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June 02, 2014, 11:42:58 PM |
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Ok so.
$.054 a Share such that 10 shares = $.54
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LorenzoMoney
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June 02, 2014, 11:44:58 PM |
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Ken, At this time, I would be willing to sell the shares I bought from you for .0005 bitcoin each. I bought just 1000 additional shares on Crypto-Trade recently, but let's just talk about the shares I bought in the original IPO. Please explain how we shall do this. The easiest way would be for you to just let me transfer the shares and then you multiply that amount by .0005 and send the bitcoin to an address I will provide. How long do you think this process will take? Lorenzo Money He needs about 20Mill usd to reimburse everyone. In 45 days that could be higher. Maybe he's making it up as he goes along again? This seemed to come from a phone call interview and he didn't even know about this secretary of state ruling so he was put on the spot and under pressure so maybe he got it wrong?
Not if he reimburses in fiat and not bitcoin. Hash Fast tried that but it was ruled illegal? Just worked it out just incase. He will need 3.1 Million USD to reimburse 10 Mill shares at 0.0025 with BTC price at $125 which it was when most people bought in? But again people who bought in at 0.005 when btc was $600 would push the total up to 6Mill USD? Ken raised about $1,000,000 from the sale of all shares. No he raised X BTC, nobody here wants the useless USD. 10 Million shares where not sold at .0025 BTC, the tenders shares will be valued at their original purchase price of .0005 BTC @ ~$100 USD. The shareholder will have to prove that they purchased the shares from Active Mining not from someone else. All sharesholders wanting a refund will need to provide their ID information to the Missouri Securities Division. The shareholders will have to transfer the shares back to Active Mining. |
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kslaughter
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June 02, 2014, 11:45:16 PM |
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OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.
It will be refunded at the original investors investment plus 8% interest in USD. To be clear, how much, in dollars, are you reimbursing per share? (as in "1 share will be exchanged for X USD") To be clear, it is the amount you paid for the shares in USD at the time of original purchase plus 8% interest. |
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MilkyWayMasta
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June 02, 2014, 11:47:21 PM |
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OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.
It will be refunded at the original investors investment plus 8% interest in USD. To be clear, how much, in dollars, are you reimbursing per share? (as in "1 share will be exchanged for X USD") To be clear, it is the amount you paid for the shares in USD at the time of original purchase plus 8% interest. Is that throughout anytime a purchase was made? What if we bought the shares on an exchange? |
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arousedrhino
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June 02, 2014, 11:49:48 PM |
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soo Zum you still stand by that prediction?
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bitmoon
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June 02, 2014, 11:50:10 PM |
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OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.
It will be refunded at the original investors investment plus 8% interest in USD. hi i'am worried now, now that you mentioned interest, is Actm earning any interest and paying dividend that include some interest? basicly, do you feed us some interest and is Actm paying/earning interest? thank you edit: also for vmc |
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