[ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 249.

bitmoon

sr. member

Activity: 242

Merit: 250

Quote from: kslaughter on March 05, 2014, 09:19:03 PM

Weekly Update 3/5/2014

Quote

1. What is the status of our shares?

Active Mining Corporation (Belize) is holding shares for investors, pending the MSD investigation and colored coins.

can you explain , why CT customer was able to trade ActM shares? while pending MSD investigation?

did they give you exception to let you list to recover the loss?

thank you

st4nl3y

legendary

Activity: 1050

Merit: 1000

OMG seriously ken? $300000+ of vmc customers money lost? why were the btc on gox at first place?

and you are not "holding" shares for investors, you are simply keeping them hostage while you sell yours!!

kslaughter

sr. member

Activity: 476

Merit: 250

Weekly Update 3/5/2014

Quote from: kslaughter on February 13, 2014, 05:57:15 PM

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.

Quote

7. Are said financials which are forthcoming going to be prepared to GAAP or IFRS levels? Last time financials were forthcoming they were two lines of text in a monthly update.

Active Mining - No Virtual Mining - Yes

bitmoon

sr. member

Activity: 242

Merit: 250

hi ken

currently, i have no clue,idea whats the next thing you are doing, i am lost due to this delay,cancelling and long wait.

can you please give us direct share, its already tied to our bitfunder public address, unless you don't want to list on havelock.

ken, remember the transfer day, you said those people who transfer before deadline gets the dividends. so?

you said something about legal issue before (if i remember correctly) which maybe prevented you to list us on CT, therefore how come those share was able to be traded by CT customers?
if that is possible, then why not list us?

either way i am glad we are not on CT.

answer please ken, thanks

edit: ops, btw what happen to wed. weekly updates?

snowdropfore

hero member

Activity: 843

Merit: 1001

http://www.coindesk.com/kncminer-finalizes-design-worlds-first-20nm-bitcoin-asic-miner/

st4nl3y

legendary

Activity: 1050

Merit: 1000

Quote from: zumzero on March 05, 2014, 08:27:04 PM

Your shares are in the aether and can be returned to you by using the Bitfunder asset list and confirming ownership once Ken commits to a trading platform most likely Chroma Wallet (Colored Coins). We are not trading yet because Chroma Wallet isn't quite ready for us and Ken has yet to give the same priority to this as the shareholders have.

Thank you!

Colored Coins? So we are not going to trade on exchange? How come actm shares on cryptostocks are tradable

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Your shares are in the aether and can be returned to you by using the Bitfunder asset list and confirming ownership once Ken commits to a trading platform most likely Chroma Wallet (Colored Coins). We are not trading yet because Chroma Wallet isn't quite ready for us and Ken has yet to give the same priority to this as the shareholders have.

st4nl3y

legendary

Activity: 1050

Merit: 1000

I am asking the simple question.. where are my shares and why are we not trading yet?

WildFire.ca

hero member

Activity: 980

Merit: 503

Havelock Investments just got a money transmitting licence from the federal government, we should have our shares trading on there. It's disgusting you don't have us up and trading yet ken, there is money to be made on our own price swings and no one including you can take advantage of that. I don't even want to hear what your excuse is for this, just fix it. Another thing is that people are not willing to wait 3 weeks for a first party audit.. They have been asking you for the financials for months now and this is the next step in that process to get info about what is going on.
https://www.havelockinvestments.com/

gogxmagog

legendary

Activity: 1456

Merit: 1010

Ad maiora!

ever get the feeling you've been cheated?
*sigh*
(runs to the mirror to see if "screw me" is written on forehead)
this shit is a joke...only diff is...I'm not laughing.

shaofis

member

Activity: 106

Merit: 10

Success or not... audit or not... the single largest issue is that investors are stuck and cannot if they wanted divest themselves.

Ken I hope you take this to heart. Let people that want out... out. Let them decide what gains or losses are acceptable.

I'd bet a lot of people hold and have faith in you delivering... but give them the option.

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

These last few days of posts from disgruntled shareholders proves one thing - we never needed the Trolls on here.

There are, and have always been, enough grown adults on here for the doubts to be raised in a clear and direct manner. We can ask our own questions and examine the record of the CEO ourselves.

And infact if you think about it, the presence of the Trolls prevented this sort of doubting consensus from forming earlier - because so many of us were just focused on combating the daily onslaught of Troll posts. We would have been asking these sorts of difficult questions more often and more effectively months ago if it wasn't for the Trolls turning the thread into useless chaos.

If the company succeeds or fails the one thing no-one should ever say is 'the Trolls made some good points'. They just stated the obvious, and caused disruption, and completely got in the way of us all questioning this company how we needed to and should have done months ago.

bigdude

hero member

Activity: 896

Merit: 500

Dolphins Finance TRUSTED FINANCE

At this stage, all I want is TWO things:

1. I want to see my shares, a very large amount of them, safely recorded against my address!
2. I want to receive my built up dividends sent to my address

JoTheKhan

sr. member

Activity: 378

Merit: 250

Quote from: Ozymandias on March 05, 2014, 05:03:02 PM

Quote from: addi on March 05, 2014, 05:01:02 PM

Just out of curiosity. Is there currently any shareholder pursuing a lawsuit against Ken or Active Mining Corporation?

None that is publicly known

VolcanicEruptor I believe has notified the authorities and is more than likely pressing charges. Shares ~ 50,000? 125BTC at IPO prices.

Ozymandias

sr. member

Activity: 644

Merit: 250

Quote from: addi on March 05, 2014, 05:01:02 PM

Just out of curiosity. Is there currently any shareholder pursuing a lawsuit against Ken or Active Mining Corporation?

None that is publicly known

addi

hero member

Activity: 626

Merit: 500

https://satoshibet.com

Just out of curiosity. Is there currently any shareholder pursuing a lawsuit against Ken or Active Mining Corporation?

DeadwoodDan

full member

Activity: 238

Merit: 100

Quote from: kleeck on March 05, 2014, 04:10:15 PM

Things of substance that happened in the last year (in no particular order)...

Listing on Bitfunder
Listing on BTCT
eASIC announcement
Move from BTCT to Bitfunder
Close of Bitfunder
VE being an asshole
Partial financial reports
Millions of USD being raised via preorders
Partnering with People's ASIC
Purchasing PA's 55nm FCIC design
Taping out PA's 55nm FCIC
Announcing the 28nm FCIC based on PA's 55nm FCIC design
Cancelling the 55nm FCIC manufacturing
Ken saying he was open to a third party audit
Ken telling us that he would be giving a financial report for 2013
Investors being really confused about why we won't have Q1 financials instead of 2013 financials

Just off the top of my head, of course. Point being, you're distracted from what actually matters at this point. The hint of the day is: It isn't a third party financial audit.

Tune in next time for, "Kleeck answers a really, really, really stupid question!"

By the way, your list of questions for Ken looks good!!

But isn't the point of an external audit to establish which of these things actually happened? Except for a one-page NDA with eASIC and some photos of workbenches, there's no evidence for any of this. Would you trust a financial statement from Ken at this point?

That said, it'd be silly for shareholders to pay for the audit out of pocket. The company should obviously pay for it. If it turns out Ken's all legit and above ground, the end result is the same.

Does either the Belize or the US company employ an accounting firm, by the way? Surely they pay taxes, there's got to be payroll to take care of, etc. Such documents would go some way towards establishing that actual business has been conducted here and would help document things like those supposed millions in preorders.

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

why the HELL are you deleting my posts now?!

THIS IS AN OBVIOUS LOSS. WAKE UP ZUM.

We should be discussing recovery not bullshit updates and questions.

I quote this from r/BitcoinStocks:

Quote

I run a quasi-competing company that is Litecoin based (BuyAHash). Admittedly, I don't fabricate ASICs, but I work with some companies on devices. The incompetence of ActiveMiner is either staggering, or a scam. Any idiot with $2 million USD could EASILY have developed chips within the ActM timeframe by now. Even BFL could do it quicker, and that is saying SOMETHING.

This is a clear and present scam. I would avoid them like the plague.

the truth sucks.

kleeck

hero member

Activity: 532

Merit: 500

https://karatcoin.co

Quote from: chsados on March 05, 2014, 03:56:29 PM

Quote from: kleeck on March 05, 2014, 03:47:04 PM

Quote from: chsados on March 05, 2014, 03:42:28 PM

Quote from: kleeck on March 05, 2014, 03:28:04 PM

Quote from: Duffer1 on March 05, 2014, 03:21:54 PM

If Ken didn't have a problem with an audit he would have provided the IPO address for inspection last year.

He literally just confirmed that he doesn't have a problem with an independent audit.

Yea in ~3 weeks (ie the new 2 weeks TM)

Good point! If we don't audit Ken soon who knows what might happen!?!

You guys get so extremely sidetracked so easily.

Distracted from what? There has been absolutely NOTHING of substance for nearly a year now....

Things of substance that happened in the last year (in no particular order)...

Listing on Bitfunder
Listing on BTCT
eASIC announcement
Move from BTCT to Bitfunder
Close of Bitfunder
VE being an asshole
Partial financial reports
Millions of USD being raised via preorders
Partnering with People's ASIC
Purchasing PA's 55nm FCIC design
Taping out PA's 55nm FCIC
Announcing the 28nm FCIC based on PA's 55nm FCIC design
Cancelling the 55nm FCIC manufacturing
Ken saying he was open to a third party audit
Ken telling us that he would be giving a financial report for 2013
Investors being really confused about why we won't have Q1 financials instead of 2013 financials

Just off the top of my head, of course. Point being, you're distracted from what actually matters at this point. The hint of the day is: It isn't a third party financial audit.

Tune in next time for, "Kleeck answers a really, really, really stupid question!"

By the way, your list of questions for Ken looks good!![/list]

chsados

hero member

Activity: 662

Merit: 545

Quote and add your question if you have a question you would like included

Updated list

1. What is the status of our shares?
2. How many bitcoins were on MtGox and why where they there to begin with?
3. How much did ActM lose on the cancelled 55nm deal?
3.1 Were the 55nm ever even taped out? Do you have any proof of their existence?
3.2 How much money does ACTM have?
3.3 How much money did ACTM lose in the 28nm eAsic failure?
4. Who is on the payroll (What companies are you currently working with and how many people (and who) currently work at VMC/AMC)
5. Proof of a 55nm deal, proof of a tapeout. They were offered as preorders: https://bitcointalksearch.org/topic/m.5129392 and https://bitcointalksearch.org/topic/m.5129458
6. Intellihash?? Can you please explain what this is/was and how this factors into everything?
7. Are said financials which are forthcoming going to be prepared to GAAP or IFRS levels? Last time financials were forthcoming they were two lines of text in a monthly update.

Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 249. (Read 629905 times)