Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 50. (Read 629911 times)

The issue now is that we don't know and have no way of knowing what IS or IS NOT happening with the business and we have the recent rebellion to thank for that.

The sad irony is that the shareholders revolt my prove to be the catalyst in the destruction of the struggling company, which may have otherwise have kept it's head above water long enough to recover and potentially even prosper.  We may never know but with certainty we will always know there were some who sought to accelerate it's demise.  Go figure.

It's not over until the fat lady sings and while the MSD are happy for Ken to continue with his business Blahgraphics needs to take off his skirt.  Simon Cowell is not impressed.

There really is nothing stopping Ken from fixing the website while this is all going on.  Since he's not done that, and hasn't increased the hash rate of the mining farm, or sold any cards.  What is he doing?  The MSD didn't say he can't run the business.  Just that he can't work as an agent for the shareholders.  So what's he doing?  He hasn't done the announcement for refunds or given any refunds. 

He's done nothing.  He's doing nothing.  You would think that if everything was just fine on the business side, that since he doesn't have to be bothered with the shares stuff while his lawyer and the MSD work out deals, that he'd do something...  like maybe give refunds out or maybe fix the website.

This whole thing about shareholders being able to reclaim their lost money is great if they get cash back, but don't you, I, or anyone else in here who got in during either IPO kid ourselves that none of us were fully aware of the risk we were exposing ourselves to when we took a punt on this investment.  It was always high risk-high reward and every single one of us knew that 100%.  I challenge anyone to say otherwise.   Heck the exchanges where we bought our shares warned us to do our due diligence and this very forum warned us about there being 'scams' which they wouldn't censor.  If that isn't fair warning enough then I don't know what is.  There have been numerous occasions where shareholders could have bailed but just like tropical leech they hung around and became bloated with greed. The main exit prompt being the resignation of the Board of Advisors.  For anyone here to suggest that they were sold shares under false pretences or that there was a deception over the selling of the shares, in my opinion, is simply wrong.  It seems to me that people aren't bothered about correcting the authorities because all they are interested in is;  a) restitution, and/or  b) preventing Ken from continuing with his business.  

The other side of the picture, one which is being censored through passive-aggressive behaviour is;

Ken and his legal team have been communicating with the MSD for months and remain fully compliant.  The recent news release from the MSD was expected and came as no surprise.  Ken continues with the core business and remains compliant with the MSD however is prevented from communicating with the shareholders under advisement from his legal team.  Ken remains positive about the companies prospects.  The current campaign to undermine and damage Kens business, led by Blahgraphics, which sails under the flag of pretence is enjoying momentum however is fuelled by darker motives which are being hidden from genuine shareholders.  As a result shareholders are now forced to suffer a news blackout with weekly updates having totally stopped.  Filling the void with speculation the neigh-sayers go unchecked and run amok feeding the endless cycle of fud and praising the trolls for having been right all along. LAUGH MY ASS OFF!  

Edit;  consider this question - If Ken was enjoying the same success that Asic Miner experienced a year or so ago and we had all made our fortunes by now, could and would the MSD still have an issue with Ken?

The answer has three letters, but nobody would have cared because they'd have made many coin.  I just hope that everyone has their books up to date. Blahgraphics desire to introduce you all to the MSD means the HRMC and IRS are also your new friends.  Paying tax is something not to be overlooked and I strongly advise that everyone keeps accurate records of their bitcoin transactions and files accordingly.  Although I'm sure you've all done so already, what with the financial year having ended.

Edit;  finessed

Taking a leaf from Blahgraphics book, I now like to finish my posts with some contact details for my fellow shareholders.

----------------------------------------------------------


http://www.hmrc.gov.uk/sa/deadlines-penalties.htm


http://www.irs.gov/uac/Newsroom/Eight-Facts-on-Late-Filing-and-Late-Payment-Penalties

It's undoubtedly due to the heat of the day at that time.

RE his own farm: There are 135-ish missing Gold cards which suddenly disappeared from stock over a few days, plus 163 Prospectors cards which are as we know priced NOT to sell. These cards (300 approx) could well be hashing away right now on Kens private farm. Undoubtedly if there ARE 163 Prospector cards they ARE hashing now, even an idiot wouldn't leave them sitting on shelves priced 2X retail value. Possibly the Gold cards have been /dumped sold at break-even as Ken scrambles around to get cash together for the refunds.

I don't think there is anything that the MSD has said that would prevent Ken from taking these cards onto his own private farm - that would not directly be a part of the Securities based business ACTM. So there is nothing legally preventing him from buying the cards off VMC for 10 bucks a piece, or selling them to Gerald for 10 bucks a piece is there?

Does anyone yet know if the MSD are investigating the 'fraud' side of this (like selling himself the cards/hiding BTC) or are they just looking at the breach of Securities regulations side?

@klondike_bar:  I actually meant something much more benign but sillier: Ken could be throttling the farm during the hottest hours of the day due to shit AC failing to keep up.
If he wants to point some miners at another pool, there's no reason for him not to do it full time--he certainly should have enough boards for that.

this. you seem correct about those addresses, but ken's history shows he rarely acts in the company interest. As is there are 163x 500GH prospector boards still available for sale at $2000. Thats 80TH of mining power that should be in the eligius farm or sold at a lower price to cover refunds.

My understanding was that the MSD made it pretty clear that ken had to put a halt to his questionable activity and send refunds. This is not that.

also


can't believe i missed this little nugget before - what sort of startup CEO invests money in private machines and not in thier own company?

oh yeah, a CEO who has a history of deceptive tactics and builds his company entirely from investor money and not his own.

11 days later...

displacing 10-20TH of equipment from the public mining address for a few hours a day means significant losses to ACTM holders (and significant gains for any address that the miners might be pointed at during said outages).

either Ken is stealing hashrate/income right in front of us, or is incapable of getting his farm to run stable.  My own eligius page is a perfectly flat 7TH line for a week now, none of this nonsense that kens running.


also:


can't believe i missed this little nugget before - what sort of startup CEO invests money in private machines and not in thier own company?

oh yeah, a CEO who has a history of deceptive tactics and builds his company entirely from investor money and not his own.

Somewhere near Reno if I remember correctly or at least that's where miners were getting shipped from and where his "operational manager" was located.


Who has to even try to undermine ActiveMining with Ken at the wheel?

Go back to your hole gremlin.

This is sorta irrelevant now, but anyone notice a pattern here? (hint: vertical gray lines=5pm in Nevada, where Ken's mine is if I remember correctly)

You guys just can't help rubbing the lamp, eh?  

Please stop with the shite memes Blahgraphcs.  They are genuinely not even remotely funny.

I've been embarrassed reading your nonsense over the last week or so.  You think this and you think that and you think the MSD will see this that way and you think the MSD will see that this way.  How do you know? You don't.  You are expressing opinion and stating it as fact which is as honest as your shady motives for your campaign to undermine ActiveMining. 

Scamming as usual

Oh shut up you twat.

How about I tear you a new one for being a self righteousness condesending prick who has suddenly become the MSD spokesman who still doesnt understand that memes are meant to be humorous.

As for Ken,  its business as usual.  

Actually I really do believe he's issuing refunds. Can anyone go look back at the website and see the prices for fast hash one rigs + tax + shipping and then go on blockchain and hover over the payments it should tell you about what the payment was worth in USD at the time of transfer. If it adds up then it's probably refunds.

Either way I don't care what it's for because the MSD will tear him a new one if he's doing anything with funds during an investigation that's outside the scope of their order.

Why? It might just be an exchange address and Ken might just be buying dictionaries for the whole Slaughter family.

As BG pointed out a few pages back there was a tx that corresponded with more boards. Since the recent tx went to that same address it's only logical to conclude we are purchasing more boards

Ignore the genius noobs.

If he took (as he says) 5Mill in USD for pre-orders and turned 1 Mill of that to BTC under a fictitious name on an exchange do you really think taint analysis will find it? You need an address to start with. There is no analysis to do we just need the wallet address. So what is the address Ken sent the fresh coins he bought on an exchange to?? We will never know - unless his books are examined in court.

He will also have paid himself hundreds of k in wages - that's his now. And he likely just laundered USD as he will know exactly how to do that via a companys expenses/outgoings. Who says any of the stolen money is in BTC anyway?

Taint analysis