Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 129. (Read 630083 times)
May 07, 2014, 07:47:48 PM
Just sent in my e-mail just as instructed. Thanks.
May 07, 2014, 07:43:21 PM
Hell has officially frozen over. THANK YOU KEN for finally acting on this.
May 07, 2014, 07:39:22 PM
Weekly Update 5/7/2014
We are starting the migration to Crypto-Trade.com for ActiveMining shares transferred to AMC-TENDER on Bitfunder
The following limitations apply:
1. You must initiate this migration request before May 21st, 2014 00:00 GMT.
2. Dividends will not be paid until after this migration.
3. We can make no guarantees that Crypto-Trade or any other exchange in the future will not impose additional limitations on trading or will not be shutdown.
How to Transfer Shares:
1. Make the subject of your email: CT-TRANSFER
2. Send an e-mail to [email protected] from your account email address registered with Crypto-Trade with the following exact format:
Date-Time Of Transfer: 2013-XX-XX XX:XX:XX
Receive Transfer From: XXXXXXXX
ActiveMining: XX Share/s
Crypto-Trade Registered EMail: [email protected]
3. Do NOT send your request more than once, and do NOT include other requests, questions or comments.
Example:
Date-Time Of Transfer: 2013-12-01 14:06:44
Receive Transfer From: johndoe
ActiveMining: 200 Share/s
Crypto-Trade Registered EMail: [email protected]
After the shares are transferred on Crypto-Trade you will receive an email from Crypto-Trade.com that the shares were transferred to your account.
We are starting the migration to Crypto-Trade.com for ActiveMining shares transferred to AMC-TENDER on Bitfunder
The following limitations apply:
1. You must initiate this migration request before May 21st, 2014 00:00 GMT.
2. Dividends will not be paid until after this migration.
3. We can make no guarantees that Crypto-Trade or any other exchange in the future will not impose additional limitations on trading or will not be shutdown.
How to Transfer Shares:
1. Make the subject of your email: CT-TRANSFER
2. Send an e-mail to [email protected] from your account email address registered with Crypto-Trade with the following exact format:
Date-Time Of Transfer: 2013-XX-XX XX:XX:XX
Receive Transfer From: XXXXXXXX
ActiveMining: XX Share/s
Crypto-Trade Registered EMail: [email protected]
3. Do NOT send your request more than once, and do NOT include other requests, questions or comments.
Example:
Date-Time Of Transfer: 2013-12-01 14:06:44
Receive Transfer From: johndoe
ActiveMining: 200 Share/s
Crypto-Trade Registered EMail: [email protected]
After the shares are transferred on Crypto-Trade you will receive an email from Crypto-Trade.com that the shares were transferred to your account.
May 07, 2014, 07:21:36 PM
In the time it took you to answer on this thread, you could have sorted the website out. Fixing a website is not a goal. But hey-ho whatever Ken i'm passed caring.
May 07, 2014, 06:25:38 PM
ASKen - A new account run by shareholders - Send us your questions and we'll do the rest!
...LET'S GET STARTED!
1) Ken, we are sure you are aware that shareholder confidence is at an all time low and people are starting to consider legal action. How do you feel about being given an opportunity to turn things around and are you keen to embrace the efforts being made by the ASKen account by being more open in the future?
Yes, I will embrace the efforts being made by the ASKen account.
Quote
2) Ken, could you say a few words about eAsic. Perhaps a summary of the history. Shareholders have long wanted to know why the chips were never produced.
Right after we made the the deal with eASIC, hashfast and cointerra came out with their 400 and 500 GH/s chips, after having eASIC run our RTL on their platform and for the minimum number of chips we had to purchase, we did not have enough pre-orders to cover the purchase due to hashfast and cointerra selling 17 Million in machines.
Quote
3) With the declining price of bitcoin, hardware sales are becoming more important to the success of the company and yet the website is in desperate need of updating. Please say a few words to explain why this issue has not been resolved yet.
We have been working on the datacenter to get the hash rate up. Now, we are at the place of working on the website and this is our number 1 goal at the present time.
Kind regards,
ASKen
[/quote]
May 07, 2014, 06:14:10 PM
He was saying there that they are NOT investigating him for selling unregistered securities.
...
...
Simple, they are investigating for selling unregistered securities.
Lol, tempestb, I guess ur rong and I best clairvoyant
Ha! I guess so.
May 07, 2014, 06:11:31 PM
I got a question for Ken.
What did you mean when you said the MSD are not investigating you.
What did you mean when you said the MSD are not investigating you.
*for securities fraud
It was a pretty specific statement.
For selling unregistered securities.
Is this what they are investigating him for or they are not? (I am confused - They are not investigating him for Securities fraud but are investigating him for selling unregistered securities, or is it neither and they are after something else?).
Simple, they are investigating for selling unregistered securities.
Oh ok thanks, that was kind of unclear in your last post.
May 07, 2014, 06:10:20 PM
So much for the American dream. Don't worry Ken, your British cousins would welcome you to our shores to set up a Bitcoin enterprise.
May 07, 2014, 05:55:56 PM
I got a question for Ken.
What did you mean when you said the MSD are not investigating you.
What did you mean when you said the MSD are not investigating you.
*for securities fraud
It was a pretty specific statement.
For selling unregistered securities.
Is this what they are investigating him for or they are not? (I am confused - They are not investigating him for Securities fraud but are investigating him for selling unregistered securities, or is it neither and they are after something else?).
Simple, they are investigating for selling unregistered securities.
May 07, 2014, 03:16:51 PM
I got a question for Ken.
What did you mean when you said the MSD are not investigating you.
What did you mean when you said the MSD are not investigating you.
*for securities fraud
It was a pretty specific statement.
For selling unregistered securities.
Is this what they are investigating him for or they are not? (I am confused - They are not investigating him for Securities fraud but are investigating him for selling unregistered securities, or is it neither and they are after something else?).
May 07, 2014, 03:02:19 PM
He was saying there that they are NOT investigating him for selling unregistered securities.
Would be good to know Ken what ARE they investigating you for? Why do we have to guess? It would enable us to know whether this is going to drag on for five years or not.
Would be good to know Ken what ARE they investigating you for? Why do we have to guess? It would enable us to know whether this is going to drag on for five years or not.
May 07, 2014, 02:43:20 PM
I got a question for Ken.
What did you mean when you said the MSD are not investigating you.
What did you mean when you said the MSD are not investigating you.
*for securities fraud
It was a pretty specific statement.
For selling unregistered securities.
May 07, 2014, 02:06:26 PM
I hear you - and I am also not looking for an argument.
If you want to define dividends as Profit made by the company then even if shares came out, you do agree that there has been no profit from this company so far yes? So either way there will be no dividends even from the mining sales as they have definitely not made up all the money that has been spent & lost. (They probably haven't even covered the money lost to Mt. Gox or the money lost to eAsic). So if dividends are the profit of the company then it is effectively zero. At this point I don't even think a financial report is necessary to see that this is the case but (@ Ken) a financial report is still necessary for company clarity.
On the other hand, if you don't want to define dividends as Profit and instead want to define it as mining income, then we have an address where we can see all of the mining income. Which has yet to go untouched. So this is a no issue, Ken could have a plan for this money that doesn't involve shareholders but I do not think that it is the reason we have gone 5 months without having shares - Now it could be a reason as you save for us to lack access to our shares, but I see no evidence to alludes to this.
As you can see, at this point. There really is no way for a shareholder to expect to receive a dividend that includes money made from selling hardware. The company is in a deficit, worst case the company is sitting on less than 350BTC to continue operations and make a turn around. I don't see how one would expect to receive any dividend, let alone a dividend from newly sold hardware. I could be ignorant (and probably am) of a few other failures and/or success from the company that can have that 350BTC be way off (140BTC~ from the Mining address + last I heard 200BTC from the AMC/VMC address + w/e we sold so far), but from the information I've seen this is accurate.
Who knows why Ken hasn't done shares yet. For all intents and purposes it could be that hes just lazy. I can not recall ever arguing as to why we don't have shares ( but yes, I have stated my opinion on the matter ), I've only wanted people to be clear of where our mining income has gone to and made sure that they understand that Ken hasn't been stealing it. It's still there after all these months, it's been in limbo as long as our shares.
If you want to define dividends as Profit made by the company then even if shares came out, you do agree that there has been no profit from this company so far yes? So either way there will be no dividends even from the mining sales as they have definitely not made up all the money that has been spent & lost. (They probably haven't even covered the money lost to Mt. Gox or the money lost to eAsic). So if dividends are the profit of the company then it is effectively zero. At this point I don't even think a financial report is necessary to see that this is the case but (@ Ken) a financial report is still necessary for company clarity.
On the other hand, if you don't want to define dividends as Profit and instead want to define it as mining income, then we have an address where we can see all of the mining income. Which has yet to go untouched. So this is a no issue, Ken could have a plan for this money that doesn't involve shareholders but I do not think that it is the reason we have gone 5 months without having shares - Now it could be a reason as you save for us to lack access to our shares, but I see no evidence to alludes to this.
As you can see, at this point. There really is no way for a shareholder to expect to receive a dividend that includes money made from selling hardware. The company is in a deficit, worst case the company is sitting on less than 350BTC to continue operations and make a turn around. I don't see how one would expect to receive any dividend, let alone a dividend from newly sold hardware. I could be ignorant (and probably am) of a few other failures and/or success from the company that can have that 350BTC be way off (140BTC~ from the Mining address + last I heard 200BTC from the AMC/VMC address + w/e we sold so far), but from the information I've seen this is accurate.
Who knows why Ken hasn't done shares yet. For all intents and purposes it could be that hes just lazy. I can not recall ever arguing as to why we don't have shares ( but yes, I have stated my opinion on the matter ), I've only wanted people to be clear of where our mining income has gone to and made sure that they understand that Ken hasn't been stealing it. It's still there after all these months, it's been in limbo as long as our shares.
It maybe depends how one sees ActM... if there are less than 350BTC and ken tries to make a profit by buying miner for enduserprices then those 350 will be gone too at some point and ActM runs dry. I wonder if im correct that ken simply is denying being beaten and tries everything to push the end further away. If true we sit between getting some satoshis per share or waiting till ken spent the last coins on ventures without chance of success. Maybe i lost hope only but i think we dont have a chance anymore except ken brings out a real jewel of a chip soon. I dont see that coming so it comes down to me to the 2 choices.
Im angry that ken dont come clean and stops everything when there is no chance anymore. Maybe he hopes for the eASIC-Coins though i dont see that happening. I cant believe eASIC made such a big error that they pay the coins back.
And im angry that ken didnt take the chance to let us trade when he brought out the hashfast miners. Everyone believing could have bought, everyone else sell. I doubt the market looks as optimistic anymore now.
Whatever... i guess i should stop bothering about this all and take it as a loss.
May 07, 2014, 01:40:00 PM
May 07, 2014, 01:27:19 PM
I'd call Ken, if I knew his number and he would agree to answer my questions. I'm not going to try and hunt the guy down and leave messages and such if he's not interested in having the phone call.
May 07, 2014, 11:57:06 AM
I think the MSD investigation is investigating Ken personally for not having a broker dealer license, it has nothing to do with the company. I have a question for the shareholders do any of us live in Missouri.
May 07, 2014, 11:25:08 AM
Come on Jo, pm the ASKen account and let's do this properly. 
May 07, 2014, 11:24:44 AM
I got a question for Ken.
What did you mean when you said the MSD are not investigating you.
What did you mean when you said the MSD are not investigating you.
*for securities fraud
It was a pretty specific statement.
May 07, 2014, 11:22:28 AM
I got a question for Ken.
What did you mean when you said the MSD are not investigating you. Can you elaborate on this entire situation? Did they start and then stop? Or were they never investigating you in the first place? What is the newest reason we don't have shares then?
What did you mean when you said the MSD are not investigating you. Can you elaborate on this entire situation? Did they start and then stop? Or were they never investigating you in the first place? What is the newest reason we don't have shares then?
May 07, 2014, 11:13:39 AM
Stating the obvious is also an empty exercise. Of course Ken needs to play ball or it's a waste of time, but I'm guessing he'll be happy to go along with this knowing that he needs to do something to improve relations with the shareholders otherwise people will follow through on their threats of legal action. I have also PM'd him and explained that he is being given an opportunity here to make things good again. Phoning him isn't a bad idea and I had a similar thought where we could transcribe his answers. Things are ever changing so unless you are prepared to phone him regularly and report your findings then perhaps it isn't the solution we're looking for. By all means follow through with your idea tempest and report your findings. So if I concentrate on the weekly Q&A using the ASKen account perhaps you could find out what the shareholders want to know, encourage Ken to be forthcoming with information that up to now he has sat on, conduct a phone interview and post the transcription?
Fingers crossed that Ken replies to this and the other two issues put to him earlier, in today's weekly update.
ASKen - A new account run by shareholders - Send us your questions and we'll do the rest!
...
1) Ken, we are sure you are aware that shareholder confidence is at an all time low and people are starting to consider legal action. How do you feel about being given an opportunity to turn things around and are you keen to embrace the efforts being made by the ASKen account by being more open in the future?
...
1) Ken, we are sure you are aware that shareholder confidence is at an all time low and people are starting to consider legal action. How do you feel about being given an opportunity to turn things around and are you keen to embrace the efforts being made by the ASKen account by being more open in the future?
Fingers crossed that Ken replies to this and the other two issues put to him earlier, in today's weekly update.
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