Weekly Update 3/5/2014
6. Intellihash?? Can you please explain what this is/was and how this factors into everything?
Not any more than what has been explained before.
Can you please give us
ANY proof of
ANY of the above.
Crypto-trade is up and running in audit mode. As specified on their page during the 2-3 weeks audit "All people can either withdraw their funds or can keep in our site. Trading and API will be disabled during the auditing period. All the withdrawals will be processed manually.". I hope Ken will get the shares list and keep it secured.
Ken please get the asset list ASAP.I will get it today.
Have you got the asset list?
Virtual Mining Corporation 02/27/14
Virtual Mining is currently processing and confirming pre-order refund requests. It is a very timely process because we are in the final stages of configuration before all of our pre-orders are shipped. Look to your email for product shipping order schedule. At the current time we are not immediately moving every order to a refund status due to our final staging and rigging our products for shipping.
We are contacting all of our valued customers with pre-orders with our new product specification details that includes an increase in hashing power. This increase in hashing power will make up for our delay in shipping. Should any of our customers still wish to receive a refund even with the increase in hashing power please contact our customer service department.
Thank you for your continued patience and good luck on your Mining Ventures
How are you configuring and getting ready for shipping without any chips? Do you have 28nm chips?
Hi,
One user, coindesk12, has received a refund, but only after filing a complaint with the Attorney General (
https://bitcointalksearch.org/topic/m.4699254 ).
Others are pretty much where you are:
...
It's now been 8 weeks since I requested my refund and still have not got my money back.
Ken Slaughter is being investigated for securities fraud,
Weekly Update 2/19/2014
...
Management is preparing for the MSD investigation, management believes that the MSD will clear VMC of any wrong acts in Missouri as VMC has NOT offered ActiveMining shares.
...
@
...so, in all likelihood, your shares are a total loss.
On the other hand, consumer fraud is an entirely different kettle of fish, and would be extremely damaging to Ken's securities case.
You're likely to get a refund if you follow coindesk12's example.
This is a moderated thread, and this post is likely to get deleted. I'm sending you a copy via PM.
All the best.
@V2Rocket, you should get your facts correct coindesk12 contacted the Attorney General to get a shipping date. VMC issued a refund due to the fact that at the time we did not have a confirmed shipping date for coindesk12. Coindesk12 did not want a refund.
The above 2 posts were posted by Ken on the SAME day.
Our project manager and engineers have worked to get a chip that can be air cooled, this will work in our expansion cases. The project manager with our engineers has managed to reduce the cost of the expansion cases to about 25% of what the cost was. This will be changed on our website soon.
Am i missing something? How is the possible? You have been working on something with no chips or with chips that have been canceled? How do you even have a board at this point? On a further note how does intellihash work when you don't even know what the chips look like?
How were you selling pre-orders for a product you knew you were going to cancel or had already canceled or that you thought might be canceled ? How come no announcement was made about not accepting pre-orders because you had no chips or chips were going to be delayed/canceled?
