Topic: [Active Mining] The UNofficial Active Mining Discussion Thread [UNmoderated] - page 14. (Read 76090 times)

Minerpart:  PM the mods of your containment thread and tell them to take you back.  Tell them NotLambchop said it's OK.
Or chat them up on #ActM. 
thx

Latest deleted post:



I don't think that is possible. This would be a consumer case not a securities case. So the judge can make a ruling on the supply (or not) of goods and make a damages payment and order the refund to be paid. That's as much power as this judge would have. He may be able to fine the company too or that may have to be another case.

Hi Trolls, can I hang out in here from now on?

Been banned from the Official Shareholders Discussion thread.

+1

Ken had a chance to redeem himself (kinda): Get shares trading, release financials and revamped strategy, re-sell/mine with hashfast boards/chips until a 28nm was finally developed. Instead, this happens to customers:


... and shareholders are told that they can't trade while, and very conveniently, would-be investors can buy in and trade at-will.

Damn those investors for investing. Damn those investors for choosing to fail at every project vmc ever allegedly atempted. Damn those investors for allegedly choosing to leave all those bitcoins on gox when it was so plainly unstable. VMC would be a fine investment if not for those dang investors!

P.S:  the post keeps getting deleted, but he posts it again -- over and over:  https://bitcointa.lk/threads/activemining-official-shareholder-discussion-thread-moderated.259468/page-188

This will be interesting!

I really want to convert the ActM saga into a non-fiction book. It has been quite the social experiment, for what it is worth.

I, too, was giving Ken the benefit of the doubt during the eASIC days. He's just been way too shady for me to take anything at face-value anymore. I wish other shareholders felt the same.

Being a greedy fool would ruin your "fortune"
Ken is just a thief, and there were plenty of reasons not to believe anything good could come of this.

Ok. I still don't understand how could you believe the eASIC deal with just an NDA signed, but at least you know who you are dealing with now.

I believe you're misallocating blame.

You misunderstand, I was defending Ken when we were still within timeline of the eASIC deal.

After November came and gone I became very skeptical.

I have been very skeptical this whole year, I doubt I was defending Ken just a 'few months' ago.

The only defense I ever made was not to get the law involved because that would equal never getting a cent back. Looks like I was right, the MSD will put an end to my investment and ruin my entire fortune.

drawingthesun aren't you the guy that was defending ken a few months ago when i was asking questions in the Moderated thread? I see that now you changed your mind about him

I have shares.  I have doubts that AMC is currently under investigation.  I'm considering calling them this week to inquire about the investigation.  I don't want to shine a brighter light on Ken and his situation with them if it's real, but he has completely dropped the ball on providing any shed of proof that it is real.  Even the fanboys who state they've asked him to do the same have come up empty.  

Ken tends to selectively pick what he wants to respond to, what he wants to reveal, and what he does.  He operates the company in a total vacuum and provides share holders with no information.

Share holders purchased a share of profits.  I'm certain there are no profits because the amount of money we started with vs what we have now is not even close to even and never will be.  Not unless Ken can generate enough money by selling boards and mining to get his own chip fabricated.  But even then...  That's probably a stupid thing to do.  There are various teams out there with complete or soon to be complete 28nm chips.  By the time Ken would produce a chip, the competition's chips will be proven and far cheaper.

The smart money would be to use large financial reserves to purchase entire inventories of failed companies that have proven products.  I think we'll see more than a few of these emerge over time due to the competition being so large for so few that can afford to mine.  Swooping in and buying out the inventory of failed mining operations or hardware manufacturers stands to get us more ghs per dollar than going after our own chip.

That said, I don't think Ken will ever distribute profits to share holders.  He'll continue to pay himself and his staff, and focus the rest of the money on other projects like making a chip or fabricating boards, etc.  

The only way we ever get our shares and get paid is someone has to sue him, so a court order happens and forces him to do as it instructs.  But then it's quite likely nobody would get anything.  See MtGox for further details on that one...

I hold no shares in Active Mining.  Suggesting I'm capable of such capital fail is, frankly, offensive.  How are the divs on those CT shares, all good?  Ken paying out like clockwork, is he?

I hold shares on CT and shares from transfer to AMC-TENDER so I'm in both camps, but I don't think you guys are getting the point...

I'm not sure why one puts so much energy into fantasizing and telling other people that they're fucked/making constant fun of a situation you're not involved in (perhaps personal insecurity, alpha male syndrome etc.)
I'm assuming none of y'all have shares? the loudest voices here never do

People trading those shares have absolutely nothing in common with you.  You don't have any shares.  You gave yours to Ken, and he ain't giving them back.
You might as well be congratulating yourself 'coz AAPL is going up.

But hey, if it helps you deal with the pain...

Referring to the shares on CT: The sentiment of the shareholders who can actually trade is the best its been since those shares were put on the market and it's only going to get better with sales and farm growth.

Once 170 TH/s  are online a fair valuation will be at least 0.001 per share, not including potential hardware sales (I'm not expecting profits to be factored in for some time)

please stop with the FUD, you are spreading FUD (although it is your job )

Don't be ridiculous.  The shares on CT have nothing to do with your "shares."  Your "shares" aren't trading, and never will.  Saying the shares are yours isn't even technically correct -- you gave them to Ken.  Ken will continue telling you that he's being investigated for securities fraud. The wheels of justice turn slowly you know, and dat's a natural fact.

Lol.

I'm a weird mix because this company is a weird mix; We are offering the public hardware at <$2/GHs but the website is still showing obsolete products, we are mining but the shareholders are still entitled to nothing in return for putting up the funds for the company.

Yeah I want us to do well, but at the same time the lack of dividend is really making me angry. I'm not sure why I have to keep repeating this, I want my dividend. I would be less angry if the investors that paid for everything were getting something back.