Topic: [Active Mining] The UNofficial Active Mining Discussion Thread [UNmoderated] - page 10. (Read 76090 times)

I have not seen any tangible proof and I would not expect there to ever be any proof of what KenScam™ does or any deal, lack there of, signed or created.  Such acronyms as NDA™, MSD™ and CPA™ are not actually what you think and are used to confuse.  I suspect, Not Doing Anything, Mining Scam Directive and Can't Produce At-all are potential definitions for the abbreviations.  Here is another one for KenScam™ - c.u.n.t (Can't Understand Normal Thinking).

Here is the thing with KenScam™ and the refusal to be transparent -> if he were to be transparent, then everyone, all shareholders and bitcoiners alike, would be unable to deny the magnitude of his deficiencies.  Even MarkScam bowed in shame, looked at the ground, and at the very least outwardly gave the illusion the he acknowledged the shame upon his name.  SlaughterFail™, in all of his arrogance and superiority, may indeed recognize his shame, but he will do everything in his power to keep that shame from the public eye.  The way to accomplish that is to lock up all information in a safe, tint the window panes into his operation and distract you with shiny objects and toys (his announcements).

@all - humor is the only way to deal with ActiveScam™, and if you look at it as a whole, it is tragically hilarious.  I feel sorrow for those wrapped up in this, I am sure a lot of people lost a ton of money on this man and his vision.  If only you knew those visions were of grandeur and based upon his dementia.

Good post, bitlind.

In my opinion, any bag-holder should be heading towards the exit at this point.

There is no evidence of a proprietary chip coming from ActM anytime in the foreseeable future. The company's reputation is in the crapper, mostly due to horrible customer service. Several suspicious activities such as unsigned refund checks, among other things. Not to mention the MSD investigation.

I'm happy I got out with something, although I am upset that I was unable to sell for almost 6 months while I watched this thing be horribly mismanaged.

People will start to smell the coffee and either call their own lawyers, or contribute to the Woodlaw investigation which will hopefully lead to a class action. Will be interesting to see how this plays out, but I hope no one else gets tangled up in this mess.

Are there any tangible proofs regarding People's ASIC? Because I haven't seen any and just like the other deals ken prefers to keep his investors in the dark. From the eASIC deal we saw nothing but a signed NDA which could be for anything. Haven't seen any other proofs, as for numbers I don't think we will ever see any of them except what ken will say, but he can easily lie.

I still don't understand how come all the other ASIC manufacturers are sharing details, but ken is the only one that CAN'T share anything and has everything under NDA. Nobody is like this! I wonder why.

Thank you for the kudos, but I couldn't have had such a rant without the help of KenScam SlaughterFail™. 

Good job! I planned to do something like this too, but I was too busy to do it. The latest answers are just retarded and I don't understand how come the investors don't see anything weird about them. The evading in the answers is screaming such a big incompetence.

Sorry was reading from my phone, now that I am at my PC I see now.  Sorry had a version of my own KenScam senior moment.  Garsh I should go get checked out!

Sure, but remember I said your 'points are based in facts' so was meaning your opinions are formed from facts as opposed to conjecture or made up stats - so meaning they are worthy opinions. You have done a good bit of research and are paying attention to what is being said, more so than most of the vast majority of the bag-holders. It's so easy to go along with the dream when the reality is painful to take, so easy to live in denial as we see in most scams or terminal situations.

I am not pissed at all, I was at first and that is what brought me here to register and post, but I am not angry at all anymore.  I am glad to have joined and I have KenScam to thank for that!  To be fair, the points I make are not facts, they are mostly opinion and that isn't difficult to admit.  If we are going to be fair though, then we have to fairly asses the facts KenScam gives us.  Assesing this is fun, KenScam rarely gives his investors facts, all they get is vague conjecture, pipe dreams, missed self imposed deadlines and outright lies.

Everything I gleefully highlighted in red above may not be all fact, but their are definitely some factual information there.  Just a few facts to highlight: KenScam has lied to you several times, he has mismanaged his company, he does cherry pick your questions and answers them in KenScam speak to confuse you, he does blame others and make excuses, he does communicate like a mentally deficient adult or a 7 year old girl.  Highlighting some of the opinions I have: KenScam doesn't care about his investors, he is effected by an illness that breeds more stupidity at an infinite rate, my assertions to ActiveScam dividends dust, or it's financial status.

Re. People's ASIC:  Possible, but assumes:
1.  There was a People's ASIC deal.
2.  They aren't drawing pay (sure, ken said they are not, but he has ...a way with words).
3.  They're mindnumbingly stupid -- They would have to be disconnected from the web not to know about the investigation/untradable shares/the train wreck they have bought into.  These are presumably educated men, engineers.  Not amateur finance enthusiast of this forum.

Very good points man, I understand why you are pissed and attack the guy and his methods but you can't deny every single point you make is based in fact.

One thing that struck me when I read that was a possible explanation as to why the shares hadn't been put up before - Peoples ASIC.

Their work for Ken and goodwill (aren't they still his engineering team) is partly based on the payment he made to them - and he paid them in 157k actm shares which he most likely valued at around IPO price. That would be anything from 400-600BTC. So he paid them essentially 200k USD of actm shares.

Well - that's what they thought!

They are worth 7k today. And actually if BTC was nearer 700USD when the deal was done then they thought they were getting 300k+ USD.

So this is why Ken didn't want to list us for so long, he knew Peoples ASIC would be blown away by how little their shares are really worth on the open market. They certainly didn't sell their IP, skills and equipment for 7kUSD.

The other support, zumzero, also seems to think that this shit storm isn't KenScam's fault.


These socks must be paid/bribed, there is no way around it.  Now they are directing the blame at MarkScam!

Here's the thing about pre-order blunders and refunds.  KenScam intentionally sent out checks without signing them, he did it to every requester and more than once to many of them.  He did this to buy time, it has all been about buying time.  From the shares being held, some mystical investigation legal issue, the PR person(s), the so called CS reps (yet Ken has stated he is doing the CS), everything... whether it real or all lies, he used to buy time or used to make excuses.  KenScam actually thinks that he is not to blame for his blunders, he blames eASIC for the chip, he blames Magic The Gathering exchange, he blames VE, he blames irate customers, he blames irate shareholders, he blames the advisory board for bailing on him (they knew he was a fool long before zum and Vincey, hence the bailing), he blames electricians, he blames the government for their investigation, he blames CS reps for check refund issuance, he blames anything he can and while shifting blame, he belittles investors and customers, talks down to people who are angry and acts like a teenage girl who hates all other girls because they are prettier than she.  Soon, zum and Vince will be like you and I, and someone will be taking their place.

Want to have some fun?  lets break down this losers weekly ScamReport for his investors, that he normally does every Wednesday, but some how "forgot" (his words) and instead it was released Thursday.  Forgot... hmm, you do this every week now, yet you forgot... must be one of those senior moments again


The project manager managed to get a partial refund, when the PO said Non-Refundable, Non-Cancelable

We have heard time and again, partial refund.  The important and obvious request for answer is to HOW MUCH FUCKING MONEY DID YOU RECOVER DOUCHE?  Yet, again, KenScam cherry picks portions of the questions here and vaguely answers the ones he wants to


Which do you want Sales or Report, working on getting us a CPA and getting the taxes done.  Can't keep Customer Service Reps due to all the threats and bad language.

What part of financial report is difficult to understand here?  They wanted a financial report, is this another one of those senior moments KenScam?  Oh but you are working on getting your own CPA, which you said you were working on forever ago, and then had, and he was doing the books, then you didn't have him, and were working on getting him, and then implied you had because a report would be out by the end of the month, but it never came, and you still work to get one (run on sentence intended).  Hmm... ok so you don't have one, never had one, so you lied, but you will be releasing a report right?  What do CS reps have to do with a financial report?  I would also state you are lucky threats are all that have been slung your way KenScam, considering the sentiment you have bathed in since you went all KenScam. 

Where are my marbles, who stole my marbles, I can't find my marbles...


We have enough Gold Rush to fulfill our current orders.  We have a production line up and running and tooled with parts.  The project manager has set it up to do a 5,000 board run.

Should we really even believe this?  The only part of this line I can take from it is that you formulated a coherent sentence with almost proper structure.  Kind of amazing actually.


This is hard to do as we are always working on lowering our production cost, early boards are higher and later boards are lower.

Actually, this is not at all hard to do when you actually read the damn question.  An approximation is an estimate, a ball park, a get it close, a hand grenades and horseshoes.  You have sold 'N' amount of boards.  You have sold 'X' amount of boards at price 'A', you have sold 'Y' amount of boards at price 'B', and you have sold Z amount of boards at price 'C'.  Care for me to work that formula for you, shit it wasn't that hard.  Of course, it would be hard to do, as KenScam put it, if you didn't keep books... back to that financial report aaaaagain!

(X * A) + (Y * B) + (Z * C) = $$$$ revenue  -  I smrt, I do mathes, I pasted 9th grade algebraw!  (of course if we do it the Vince math way, then yes it is "very" hard to do.


That is to be determined from our current mining revenue and current sales, we have a number of sales in the works.

A number of sales, on a site, that is barely functional, and a reputation as tarnished as yours, treating customers the way you do.  Certainly that all adds up to MOAR SALES!  Just come out and say it, dividends are not going to be paid for some period of time because KenScam and co. need that revenue to attempt to extract this raspberry out of the gigantic mound of triceratops dung that ActiveScam is in(Jurassic Park for those who didn't get that reference).


Here is what we are sending to customers:

We are making progress with our mining operation and our sales. We going to use the funds from these to pay refunds as we lost a lot of Pre-Order bitcoins on MtGox. We expect to refund 100% of our customers.

Regards,
Ken
Customer service

Progress can be measured in so many ways, and for you to say progress, I would agree that you are correct.  Even a snail makes it from point A to point B eventually.  However, here we are again reading another one of KenScam's memo's that reads as if it was written by my 7 year old niece.  These senior moments occur far to frequently, and apparently 'spell and grammar' check has them too.  Understanding KenScam speak, KenScam actually answers the previous question.  ActiveScam will be using the funds from the mining and sales operation (your dividends) to pay those refunds, and KenScam is sure to remind you that MarkScam lost your coin/pre-order money and he is the one to blame for dividends going to pre-order customers.   


~157,000 shares

People's ASIC must be feeling terrible, I wonder if those guys read this forum?  One would assume they had to of done some research into the readily available information on KenScam right here in his many different threads created by and for him.  Damn, considering that, I don't feel bad for them anymore.  Moving along.


No, it has not be a high priority, getting our mining farm has been the highest priority.  We are now bring the website up to high priority.

Again, a school girl must have written this.  Clearly it hasn't been a priority, and it was taken care of for you ages ago by a friendly guy named Lewicki.  Nevertheless, is ActiveScam incapable of multitasking?  Does ActiveScams employees only work select hours?  I don't know about the rest of the world, but when it comes to imposed deadlines and having to hit them or your ass is out of a job, you hit them at any and all means necessary.  There is slack and leeway for those who come near deadlines, but missing deadlines by months is inexcusable and shows KenScams level of dedication.  Back to Lewicki's site, from my understanding he created that in his own time, after work hours, and within a few days.  Can someone confirm that who is in the know?  I am pretty sure it was only a couple days for him to finish that storefront.


We are working on getting our own chip, this is high priority.

If it is high priority, and you are indeed working on getting a chip as you have stated numerous times, then what is the status like the question requested?  You can actually answer this without divulging the manufacturer and use this question as a confidence/sentiment builder by having a detailed response.  Problem with KenScam and his senior moments, he cannot expand in detail because those senior moments occur is succession quite rapidly, hence the irrelevant responses.  I shake my head at situation/opportunities like this


Can't say at this point, lot of thing are happening.

Can't say, won't say, shouldn't say.  One thing I can say, a lot of 'thing' are happening.  Seriously KenScam, at least make it seem you are interested in your investors instead of rapidly flying through a half assed answer, that isn't an answer, and not even expressed properly.  One THING I can tell you is that THINGS are happening from a creditor standpoint.


We expect in this datacenter to be at 120TH-150TH, which we think will be the max due to the AC required.

What were those original estimations again for this center before it even had legs?  Just continue to ignore those with DC contacts and resources to assist in expansion, that business model is working well.


Not at this time, we are working on sales.  We have a good solid income from the mining farm, now we what to get the fast income from sales.

Are we surprised by this?  Day to day KenScam cannot discern what is priority and what is not.  Allow me to assist you on this KenScam, mining and sales are equally important.  This isn't rocket science, you are not putting ASIC's into orbit.  You should not be a one-man-do-all team, delegate, delegate, delegate!  Mining and Sales should be ActiveScam's priorities, not one over the other, and they do not swap or switch with the weather patterns. I saw other guys in your pics getting the DC up, you supposedly have employees.  Does the entire dog and pony show travel together as one circus from priority to priority?  Again, written like a 7 year old, doesn't instill confidence one bit.


We have learned from a current datacenter the requirements, time, and cost required to put a datacenter together.  We are now going to focus on sales which gives us some explosive income potential.

There would have been no learning curve for ActiveScam if they actually listened to the experts that are readily available and eager to assist.  Even some of your shareholders have expertise in this arena, yet KenScam ignored them because KenScam can do all!  KenScam don't need no stinkin' advice!


We know all about HASHFAST, we have a number of plans in the works, some of which could generate up to 2.5 Million in profits

When KenScam begins to throw out numbers, 100% of the time history has shown KenScam cannot math.


Without the People's ASIC team, there is noway we could be where we are today.

So basically you readily admit to be out of your element, way in over your head, and someone else has been the reason for what ActiveScam accomplished to date.  Interesting, you sir just got self owned.


Yes, Google Adwords

Clearly KenScam is in charge of marketing too!  Google Adwords is the proper channel to advertise and market through, everything else is extremely inferior.  KenScam deems it only necessary to market on Google Adwords and not additional places where individuals in this space frequent.


The plan is the same, mine and sale

If the plan is the same, and the results are what we have now, then I wouldn't expect many new shareholders or investors.  If your business model is stagnate and not ever evolving, you are set to fail miserably.  Every single successful CEO knows that if their organization isn't reinventing itself daily, sourcing new avenues and evolving with the times, then they will die off such as ActiveScams swansong is ringing now.


Like, I have said in the past, we have used the same CM to build the boards, we paid the CM, we supplied the parts, we used HF supplied design to build the boards.  We currently have 200 Gold Rush PCB's in stock, another 400 in production, that we have built with a different CM waiting to be assembled.  We have a CM line tooled with parts to do a 5,000 board run as soon as the market demand dictates that we make the run.  We are working with customers that have HF chips in had to use their chips to assemble boards for them.

Hashfast may indeed help prop up KenScam and co. but it will not be the life support ActiveScam requires.  Why is KenScam not marketing to these customers and plastering this service all over these forums and websites involved in bitcoin?  Oh yeah I forgot, those customers can easily find this information because ActiveScam advertises on Adwords.  Silly me.


We believe that we are in a great position with the previous production to make a profit in the near future.  Should we see that the business does not have a chance to be profitable, then yes we would liquidate. 

KenScam uses this 'belief' line quite a bit, doesn't leave much to be desired when considering his beliefs.  This line alone should send you ActiveScam holders running.  However, dudes like me with balls of steel couldn't give two shits about 10k shares and their value, because I already know they are worth 0.  You cannot sell something that is worth nothing.  This entire sham is actually amusing!  Commenting on the mental deficiencies within KenScam is a fun way to pass the time and he makes it so easy.  Expect a liquidation within the next two hours to 4 months, because the man behind the curtain running this show is not a beacon of success, he is a train wreck horror of failure.

Not too sure about Vinces prospector board still working, he went very quiet about it after the first day, hasn't supplied an address to monitor it, and now he's ordered/being sent two of the gold cards probably as a sweetener/bribe courtesy of the shareholders money.

Ken doesn't even bother refunding hardware reviewers: 
( http://www.coindesk.com/46k-spent-mining-hardware-happened-next/ )
 

So didn't anyone noticed that after the thread https://bitcointalksearch.org/topic/re-activemining-lawsuit-discussion-596740 started on 5 May ken immediately started allowing shares trading on 8 May? So obvious and in your face...

Ken is processing only one refund per week.

Grain of salt with this one.... Might be real, might be made up. Half the shiite on this whole board is made up.

Hello everyone,
just wanna share my story here, which I am requesting a refund cheque.
I have ordered a Platinum 1.5TH...

========================================

2014-01-15 13:15:10 Refund
2013-11-26 08:21:15 Payment accepted
2013-11-24 14:39:19 Awaiting bank wire payment
2013-11-24 14:39:19 Pre-Ordered

========================================

Jason 2014-05-08 18:08:36    Hey, how's my refund? Please let me know, thanks.
Jason 2014-04-23 12:51:41    Hello, It's has been a month already, and I just wanna know, how is my refund process now ? Thanks
Kris 2014-03-18 14:09:42    Dear Jason, We are processing your refund. Your refund will be issued in approximately 2-4 weeks. Thank you for your patience.
Jason 2014-02-13 10:32:13    Hello, I just wanna ask how is my refund process now ? Thanks
Jason 2014-02-05 22:41:15    Hello, I just wanna ask how is my refund process now ? Thanks
Kris 2014-01-16 07:58:14    Dear Customer, ok we will start the refund process.
Jason 2014-01-15 23:39:24    My full name: ____ Address: ____ , If you need more information, just let me know, thank you!
Kris 2014-01-15 13:14:55    Dear Customer, Yes we only do refunds in a check form.You will need to message us back with a full name and address as to where we can send the refund to.
Jason 2014-01-15 12:57:51    Here I would like to ask, can I request a refund by now? Thank you.

=======================================

still waiting...

So can you please try answer the question?