Topic: [Active Mining] The UNofficial Active Mining Discussion Thread [UNmoderated] - page 11. (Read 75905 times)

Yep, that is a mess, and a lot of chance for money to go "missing".

Ken will not tell us about the eASIC cash, what happened to that? Even if it gets refunded today that works out to 0.0002 per share in one hit.

I thought it was 10 000 BTC.
10000000*0.0025 = 25 000 though, I hope I made a mistake...  see https://bitcointalksearch.org/topic/activemining-the-official-active-mining-discussion-thread-252531
It was messy, with ken putting a buyback wall at the time. see https://bitcointalksearch.org/topic/the-coming-flash-crash-in-amc-245713
I wonder how much was really bought, i.e. if you exclude Ukyo buying with his fractional reserve or kslaugther's buybacks.

Which again was never proven, I wonder why any legitimate shareholder would claim that - it would be extremely bad for the company, but helps kslaughter get away with the losses.
No large expense was ever proven (the Avalon order was refunded, right?); not for eASIC, nor for the other ASIC IP. The only one I can think of is buying miners from HashFast, and it certainly shouldn't be worth 10 000 BTC.

I thought it was 10 000 BTC.
10000000*0.0025 = 25 000 though, I hope I made a mistake...  see https://bitcointalksearch.org/topic/activemining-the-official-active-mining-discussion-thread-252531
It was messy, with ken putting a buyback wall at the time. see https://bitcointalksearch.org/topic/the-coming-flash-crash-in-amc-245713
I wonder how much was really bought, i.e. if you exclude Ukyo buying with his fractional reserve or kslaugther's buybacks.

Which again was never proven, I wonder why any legitimate shareholder would claim that - it would be extremely bad for the company, but helps kslaughter get away with the losses.
No large expense was ever proven (the Avalon order was refunded, right?); not for eASIC, nor for the other ASIC IP. The only one I can think of is buying miners from HashFast, and it certainly shouldn't be worth 10 000 BTC.

While the excuse makes zero sense, this is an admission that the deal with eASIC didn't go far. Thus, kslaughter should still have most of your coins.

I'm talking about your duplicitousness, not about definitions of scam and what qualifies as one.

I can't cope with any more of your 10 paragraph posts magzy.

The point you are missing is that you are saying something (scam) until you get your money then you will be saying something completely different (not scam). So you are lieing right now. Either the whole company is a scam or it isn't. You getting your 2k back doesn't turn a scam company into a legitimate company. If they are a scam now they will be a scam when your cheque clears.

Basically you are blackmailing the company. 'I will call you a scam until I get my money. Stuff everyone else who is being scammed, if I get my money I will go quiet.' You are a hypocrite and a liar. But you can't see that and that's fine.

But surely actm is either a scam or it isn't.

You are saying you will STOP calling them a scam when you get your money.

That is rediculous. So you are admitting you are only calling them a scam to get your money back, you are lieing about this.

you are lieing about this.

So it takes a liar to know a liar is all I'm saying. You are speading lies to benifit yourself. Does that make you any different to how you view Ken as behaving?

^ Sure, but you are still spreading shit about the company (or it's shareholders)? I sense you are still angry, despite the reasons for your refund delay apparently being:

1) Your own same-day cancellation
2) Your complaint to the AG Office
3) Your postman

I just think it's a bit odd that you are still out to damage actm when you found out they didn't really do anything wrong in your case. Or do you think they did? I don't know the full details.

What he did wrong was ask for a refund before his wire transfer had cleared the bank.  This caused his refund request to be rejected as the order had not been paid.  Then, when his wire transfer cleared the bank it was not marked as accepted on his account, most likely due to his refund request above.  [REFUND WAS ACTUALLY POSTED AT THIS POINT] Now, it took another month for his payment to be accepted on his account.  Now, his refund request most likely was in limbo due to it being reject above.  Now, when that was cleared up his refund request was on the bottom of the stack.  Now, that is where it is now as we are waiting to start refunds again within the next week or so.  That being said, since he complained the the Missouri Attorney General office, we had to pull his refund from the stack and respond to the Attorney Generals office.  Therefore his refund is the very bottom of the stack.  

January 30, 2014, 02:25:51 AM
We have a back log in refunds and are processing those as fast as we can.  If you have requested a refund from customer support then it is being worked on.

February 05, 2014, 01:11:34 AM »
That should have been processed, please contact customer service and tell them it has been 7 weeks.

February 05, 2014, 11:04:02 PM »
We had a little problem in December with BTC processing, so all Bitcoin refunds have to be checked, so that may be the hold up.  I will look into why you refund has not be sent.

[REFUND WAS ACTUALLY POSTED HERE]

February 27, 2014, 07:13:29 PM »
Virtual Mining is currently processing and confirming pre-order refund requests.

March 10, 2014, 12:10:40 AM »
Refund to you ASAP.

March 11, 2014, 01:28:16 AM »
I have just hired a new customer service rep.

March 17, 2014, 03:57:11 PM »
Refunds will be processed in 2-4 weeks.

April 01, 2014, 07:29:34 PM »
Me:Ken, Given that refunds will never be processed, I'll take this deal to accept product from you instead of a refund.
Ken: I don't think so, we will just send you a refund.

April 07, 2014, 02:26:10 PM »
We will be issuing you a check soon.

April 22, 2014, 05:49:22 PM »
We are sending out your check today.

April 22, 2014, 06:05:53 PM »
@Magzy We are starting today to issue refunds including your check today.

Edit:  @Magzy  In getting your check ready, we found in our records that we have already issued our check number 123 on 2/17/14 to you.  That check has not cleared our bank, so we are put a stop payment on that check and re-issuing another check to you.

Sent to: kslaughter on: April 23, 2014, 12:07:29 AM
No more false promises please.
This needs to be sent with a tracking number and a signature - I am happy to pay for this additional cost. Deduct it from the $769
OR the BTC address above I will then go through my post history and clean up any posts accusing VMC of scams et-al

April 23, 2014, 12:09:40 AM »
It has already been mailed today.

Sent to: kslaughter on: April 23, 2014, 12:12:52 AM »
So Given that I am at the bottom of the list as per your post 2 weeks ago, all refunds have been given now?

April 23, 2014,  at 01:22:21 AM »
No, I moved you to the [top] so that you would STFU.

Refunds
@metalchain - Still waiting - I sent PM to Ken many times. He always reply to me "We will ~~, ASAP~~~, Quickly~~~, next week~~~"

@cryptoconomist- still waiting  - "Two weeks ago on a Friday I spoke to him again and he  literally promised me he was going to ship my order on the following Monday, but haven't heard from him. Since then, when I log into my account, my initial order has now been moved to "refund" status and my new order to "cancelled" which contradicts what Ken and I discussed.  I wrote so many emails to him and to the Active Mining threads but my posts keep getting deleted"

@meccaflare0 - still waiting "ken owes me like $x"

@greek_hephaestus - unknown  -"Thank you very much Magzy for your suggestion . I will do it in a few days. [contact the AG] First I send one more message to VMC. Thank's again."

@coindesk - http://www.coindesk.com/mining-hardware-companies-miners-roundup/

Weekly Update 4/30/2014

AMC:

Datacenter:

We are continuing to add TH; however, at this point our 2 units of air conditioning are maxed out.  We have been repairing the third unit and it should be up and running next week when parts arrive.  After the third unit starts running we will be adding more THs to the datacenter.

VMC:

We are improving our logistic and our shipping is starting to run a lot smother.  We have just added our Gold Rush boards to our website and at less than $2 GH these are starting to sale.

MSD:

No new news this week.

Shares:

No new news this week.

This x100

Ken you need to stop over-promising and under-delivering. It's bad for confidence, it's literally the difference between constantly disappointing and pleasantly surprising.