What is happening is not a "bump in the road".
For over a year, there has been a pattern that has repeated. That pattern involves a lack of news, being told to wait for the upcoming big announcement. Then the anouncement that comes is a grand disappointment.
We may never know if Ken, at the start was sincere and believed he could do what he said he wanted to do.
All we know is that despite his claims to have 30 years in business, he has not really ever been successful with any of his businesses, and that he has had a pattern of failures and bad decisions in regard to Active Mining/VMC. He also has had complaint in regard to a cable/data company he ran previous to VMC.
Given Ken's track record with ActM/VMC, there is absolutely no reason evidence to show that this company has any possibility of being successful. In fact, the evidence suggests that whatever Ken's original motivations and intentions, it is now being run like a classic confidence scam.
Ken has indicated to me in PM, that he believes that the amount that will be paid in settlement to shareholders has already been agreed upon and established with finality. That is a lie.
I contacted Jason Kander's office at 1-800-721-7996 and was told that it has not yet been determined what and how much and according to what formula will be paid to shareholders.
The impression that I have gotten from Ken and from his lawyer's press release (link below) is that Ken feels he should only pay the original investors, and then only the dollar amount of the value of the shares at the time of the first IPO, plus 8% interest. That would leave anyone who bought shares from any of the exchanges after out in the cold. My contention is that Jason Kander's office does not understand bitcoin, and we need to contact him and share our opinions and experience with him and his office and his investigators.
Further, I am sure Ken will set up some high bar to prove that you bought at first IPO.
My opinion is that ActM will not survive this little bump. Ken will try to hide any and all assets from ActM. Ken is not an honest man and anyone here who still has faith in him and trusts him is foolish. We each should contact Jason Kander's office and politely share what information we have. We should also suggest that we want payment in Bit, or at the value of bitcoin at the time of the cease and desist order and not the value of bitcoin at the time of the first IPO.
Kander's office has heard from Ken's lawyer but has not heard from many of us.
My further opinion is that all assets from ActM should be assessed and once a value place on them all, and a punitive fine added to that, and then that number should be divided by the total number of shares not owned by Ken or any member of the Slaughter clan. And, the payment should be made based upon that calculation.
ActM should not be allowed to continue under Ken's control. Ken should be put into a situation where he is unable to start shady businesses ever again.
http://www.ozarksfirst.com/media/lib/184/0/b/d/0bdcdfe7-623f-4653-be2a-7ba629d8ee70/Slaughter_Press_Release_6_3_2014.pdfPlease call Kander's office 1-800-721-7996. Tell whomever answers that you are a sharehold in Active Mining and would like to speak to the financial investigator.
For those of you who believe that somehow, talking to the Secretary of State of Missouri has ruined your chance of being a millionaire, you are foolish. Ken by his own mismanagment, intentional or due to incompetence, brought this upon himself. If we do not educate Kander's office on the situation, Ken's lawyer will be the major source of info regarding Bitcoin and we will lose out.
