Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 14. (Read 629919 times)

I don't twist words, I sculpt them.  When others twist words, I clarify them with great power and precision.

EG August 2013:

its january 8th 2015, my mistake.
please do go to MSD, and the hearings. i would love to hear what is going on. there is precious little in here but speculation. although a few users here who lost big will give very interesting interviews, a few are shills. i would avoid zumzero, most of all. he has vouched for ken so strongly, even when everything points to total failure, that many assume he is under the employ of ken, if not a relative, or even ken himself. the whole thing is shady and the truth is in short supply.

By that logic, you believing they were "legit" and ordering/investing in them means you were incompetent and scammed yourself?

Come on Flash, you might want to ask Ice for tips on how to twist words. He's got it down to a science.

BG put in a good faith best effort attempt to verify LabKen's legitimacy, which we should be thankful for.

That's all we can reasonably expect.  Those who expected his effort to enjoy guaranteed success (even BG himself) are not being reasonable.

So by your own logic, you were incompetent and scammed us by reassuring us they were "legit"

Man, after reading this over again it just infuriates me how unqualified Ken ended up being as shown through his actions regardless of how he acted in person.

To be completely honest, I thought of myself as a pretty good judge of character once I met someone. Meeting with Terrahash and Active Mining in person, shaking these guys hands and physically seeing at least what appeared to be a functioning mirage of a business and then still basically being scammed by them really put things in perspective.

What's funny is we're (Well just Zumzero mainly) all arguing if Ken was a scammer or not. This doesn't even matter because the MSD doesn't care about that, he blatantly violated securities law and will be tried/fined on that. If the MSD feels "investors" were mislead (not even fully "scammed) then they would try to seek restitution.

If you wanted to open a civil case against Active Mining and Ken (Who obviously was highly undercapitalized) because you feel you were defrauded then you could do that. I plan on waiting to see how the MSD handles this before doing such. If they release any sort of financials then everyone would be able to weigh the worth of a civil case.

At the end of the day Thomas here is what happened,

Ken single handedly took in hundreds of thousands of dollars if not a few millions depending on BTC Prices
Failed multiple times to produce his own chip through a series of bad judgements and/or incompetence wasting some of that money
Lied about multiple achievements to falsely boost confidence and share price - Examples: Shipping a "Product" implying it was a custom chip, Power Consumption on the People's ASIC Chip
Lost BTC on an exchange that had multiple warnings it was going down (There's no reason to keep BTC on any exchange, just send it to the exchange when you want to cash out)
Extremely poor communication and transparency with his company that "shareholders/investors" paid for
Ken purchased Chips/Board design from a 3rd party (Who was forced into bankruptcy and is being auctioned off today). He also used their assembly line to manufacture "copy cat" boards.
He failed at shipping & customer support - Some people received them quick, most it took months or not at all. Other customers has to provide support for customers.

Shareholders received Bitcoin dust for dividends over the entire lifespan of this company
I believe Ken hired only family to work for him (Wages, not Contractors)

I'm sure others in here can fix or add to the above to make it more complete. Enjoy

Everyone but Ken lost money in this endeavor.

Well, real reporters typically talk to multiple sources, Jasun7211. I'm interested in speaking with someone who has (apparently) lost money in this endeavor.

Thanks for the other thread, gogxmagog. Hadn't seen that one. Yeah, if I write something I would be reaching out to the Securities Division, as I said in my last post.

Jan 8th I believe unless you are talking about something different.

yeah the info is all in this thread, and the unofficial thread too, https://bitcointalksearch.org/topic/active-mining-the-unofficial-active-mining-discussion-thread-unmoderated-297530 its more to the point re; ken's illegal activities. actionable at least.
If you can get a face to face with him and you csn get anything beyond his usual bafflegab I'll buy a f*&^in' subscription to your little rag! Good luck, you should probably be checking out the missouri securities division hearing this monday dec 8th as well

go to Ken's house and ask him like a real reporter 

Hi, I'm the reporter with the Springfield News-Leader in Springfield, Missouri, who wrote about Kenneth Slaughter and Active/Virtual Mining earlier this year. It was discussed in this thread way back

Story: http://www.news-leader.com/story/money/2014/03/02/betting-on-bitcoin/5928483/
Video here: http://www.news-leader.com/article/20140302/BUSINESS04/303020022/Bitcoin-Springfield-mining-machines-Slaughter

I am interested in possibly reporting on what has happened since that story came out; it would include trying to talk to Ken and reaching out to Missouri Secretary of State's office. I've monitored this forum somewhat over the months, but was hoping some of you would be willing to bring me up to speed. My email is [email protected] for those that would be willing to help.

Thanks.

So is it just me hoping the delays are caused by Ken's bad health?

(I jest. I think I'd rather see a resolution.)

They can issue an order against Ken but who sees that it is enforced? Fines are one thing, but if they order him to pay back shareholders is it then up to victims to file class action when he fails to pay?

Figured it would be a civil case opened by the SEC but I guess they have their own way of doing things. This is probably better for us as I'm sure there's very little chance of Ken or AMC/VMC walking away scott-free when the government is judge, jury, and prosecutor.

Thank you for the follow-up

So, in other words, a total lack of transparency.

Oh well see you all after Christmas then, have a good holiday guys.

Completely up to the judge.  If the lawyers make a case for delay and the judge agrees, it can go on and on...

Thanks for this.

Could you reply and find out a case #, judge, circuit?

This way we can keep track of files and potentially get transcripts if they become available.

Another continuation. How long can they legally keep pushing this back?