Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 134. (Read 629902 times)

I think ken is not honest. I believe we arent allowed to trade our shares since he would have to pay out divs then. And he cant do this because then ActM would be dead instantly. All the time and coins he spent he now is in a state where he has to try getting any profit out of it. And he cant pay the profit out as divs, he needs it to reinvest it. Thats why we arent allowed to trade.

If the MSD really would be the problem then he would have stopped trading of ActM-Shares on cryptotrade, or was it cryptostocks? Anyway. The MSD easily could find US-Citizens that can buy ActM shares there. So either he fears the MSD or not. The current situation shows me that the MSD cant be the problem that leads to us not being allowed to trade. Because it doesnt matter if many or some shares are traded like it happens now.

So no, i dont buy ken's excuse. Im pretty much convinced he only cant pay out divs because he thinks he needs the profits to make ActM successful. I fear he will gamble everything with that in a dying battle.

Hey Ken,
when will you update the vmc website?
 It still looks ...ahmm...let's say...not good.

There will be some people who want to get a "deal" out of selling their shares.  I and some others don't care about that.  We just want to sell off what we have.  If it's five cents a share, or five cents applied towards hardware, whatever.  Let me do that and I'm out of here. Better for you guys, better for Ken/AMC, and better for me.

There would need to be a balance between what is practical and what is fair in order to achieve consensus.  We can't have ActiveMining distributing all their stock to shareholders for obvious reasons and yet we need an offer that is targeted to those shareholders who are prepared to exit at the lowest possible price.  It's not easy.  It could get very messy.  Ken could offer $0.05 per share and perhaps 1,000,000 shares would bite.  But what would be the ramifications if he then offered $0.1 per share and 3,000,000 shares jumped in?

i was thinking more like 0.25$ per share + accumulated dividends

This is a fantastic idea!  $1500 gets you 750 GH/s which translates to 30,000 shares @ $0.05 per share.

anyway, would it be possible for ken to buy back our shares in exchange for VMC mining gear ??

The initial IPO (03/26/2013 - when the whales started buying in) was for 0.0005 btc per share.  At that time a bitcoin was valued at ~$100.  So, with 2000 shares per bitcoin, each share had a value of $0.05.

The second IPO (07/08/2013) was for 0.0025 btc per share.  At that time a bitcoin was valued at ~$100.  So, with 400 shares per bitcoin, each share had a value of $0.25.

I would suggest we go with the lowest value per share ($0.05) and that those who would accept this offer understand that their 'refund' would be in fiat money with no consideration given to the historical price fluctuations of bitcoin.

At least this way, no-one would profit from their exit.  I think to appease all parties this is a must.

edit -- Can anyone think of a way to gauge shareholder sentiment which would give Ken an idea about how many shares could be bought back at this price, without hosting a troll tainted poll party on this website?

For the record I would be fine accepting a price many times lower than the price I bought mine at (114,425 * 0.004) When bitcoins were $100 - $120.

As I mentioned I think it's a good idea in principle but am yet to be convinced it's achievable.  So let's say that 50% of all shares decide to go for the refund.  What's the deal?  You say $0.11764 per share and yet DTS requires $0.75 per share. At your price Ken would need $588,200 to buy back 50% of all shares and at DTS's price he would need $3,750,000.  So how do we achieve consensus? Given that Ken is running the company from hand to mouth right now and needs every penny from hardware sales to keep afloat, where is this money to come from?  How are we going to convince those that don't sell that it's a good thing for their dividend money to get paid out to everyone who wants to jump ship?  I do think we would need those that decide to stay, to agree with this plan if it's is going to affect them in any way, albeit it potentially good in the long run.

To sell this offer we need to lay it out in detail and we need everyone to agree.  I think that would be quite a challenge, because right now, I don't know if I would or wouldn't accept an offer which I'm sure means that there are another ~10,000,000 who could also swing either way.

I do think this is worth further discussion and I'd like to hear from Ken his thoughts on this.  Another consideration is that the price of bitcoin is ready to explode.  How do we factor this in?  Does Ken refund now or after the event?  Are those preparing for legal action seeing the full $10,000+ bitcoin picture here?

 

Ok before I start a ruckus, I think I'm wrong. Reno must just be the international depot....

Thanks for the info Vince

Uh Oh - is Hashfast drop-shipping for VMC? Not a problem, but no doubt some folks are going to create a big deal over this.

About tracking numbers for shipped items.

It seems they have been entered they are just a little difficult to find.

First you have to go to view your order where you will see an option to download your invoice.



Then you find the tracking number right at the bottom.



And a happy surprise, the package is already in the UK



So it's taken VMC 5 working days from receipt of payment to ship the product. For me this is very reasonable and very acceptable.

I wish I didn't have to dig to find the tracking number (I wish it was emailed to me) - but the fact is I can't actually criticise Ken & co for anything todo with this order so far.

What is interesting is the "shipment picked up from" shows Reno NV... is this anywhere near ActM (I hope I'm not starting another controversy here)

Sole reason to invest in ACTM was for returns in form of dividends & good share price , please start verification process asap & give us our dividends.

I'd be ok for Ken buying us out for much less than I paid.

I would be ok for $0.75 per share.

Simon, all the share purchase times and counts are logged on Bitfunder.  Take screenshots, and it's easy to see what was the price of Bitcoin at that time/date when they were purchased.  At those times, the price didn't move much, and it'd be very cheap for Ken to buy people out.

Secondly, have you seen the list of share holders?  It's pretty small.  Of the folks that want out, it's probably smaller because at least half of the people stopped paying attention ages ago, the other half are probably still in like you, and that leaves a handful of share holders who want out. 

Ken could also just setup a flat rate.  Say 850 shares for $100.  Something along those lines.  Take it or leave it.  I'd take it.  Those share holders would be eliminated from further headaches for him.

And this has nothing to do with the MSD.  He'd be refunding our money, which is better than actually still holding it under the guise of an illegal security.  So it's all win for Ken.  Other than having to sit down and do the work for a day or two.  I know with him being so busy with the now frozen installation of new miners because the AC is broken that he must be bored to death.  Give him something to do.

Ken, you need to talk to us about what's going on and also resume dividend repayments asap, nothing is stopping you in regards to paying out a dividend.

That is a great idea!

Buy the complainers out!

Ken promised to pay .0025 bitcoin dividend to each share before he would take any profit himself.  
Before the tender, I had 169,000 shares.

169,000 times .0025 is 422.5 Bitcoin.


If any of you can convince Ken to give me 422.5 bitcoin, I will leave this forum and leave the IRC channel for ActiveMining and never again offer my opinion about Active Mining again.

Let's make the deal even better. If you really believe in Active Mining, then you surely believe Ken will eventually pay out that .0025 dividend.

If any one sends me 400 Bitcoin to an address I will provide should you express interest, I will provide you with the public address and private key of the address I used to register on BitFunder and I will give you a notarized letter sent via Fedex and a copy addressed to Ken stating that you have assumed all rights to any and all of my shares that were tendered to him by me.  That will give you an eventual 22.5 Bitcoin profit.

That would represent a 5.625 % return on your investment.

Contact me via PM or email if you are interested.

If you are still a cheerleader for Active Mining, then surely you must believe that Ken will pay out the full .0025 and that this is a great deal for you.
Since all shares are tendered to Ken already, any public acknowledgement that we made this deal would be seen by Ken and you can simply ask him to reassign those shares to a new bitcoin address.  If you do not take this offer, or if you ridicule it, it means that you really have no faith in Active Mining and it is time for you to accept that you have the Bitcoin equivalent of the Stockholm syndrome.

I am quite serious about this. I would transfer all my rights to the proceeds of those 169,000 shares to anyone who would send me 400 bitcoin.

Okay then, shall we have an AMA (Ask Me Anything) session with Ken using IRC?