Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 69. (Read 629899 times)

Things have officially changed in regards to the moderation of this thread. Zumzero is clearly out of his mind.

SNIP

Regards,
ActM Thread Moderators

Things have officially changed in regards to the moderation of this thread. Zumzero is clearly out of his mind.

SNIP

Regards,
ActM Thread Moderators

I've already complained to the SEC.

Ken is on their radar

This MSD case will not send him to jail as it focused on fineable offences. We need either the SEC to investigate him over fraud and open up his books or if we can't get them involved we will need to launch a fraud case against him using a no-fee lawyer like Wood Law. Its up to us to stop this guy from doing this again and again. He's been at this confidence game for 15 years.

That's the risk you take when you go into business with anonymous strangers on the internet.

that said, law enforcement wouldn't have been involved if Ken hadn't wasted all the money. Don't blame law enforcement or whiny investors, blame the guy who made them whiny and the guy who did something that law enforcement cared about.

I've already complained to the SEC.

Ken is on their radar

This MSD case will not send him to jail as it focused on fineable offences. We need either the SEC to investigate him over fraud and open up his books or if we can't get them involved we will need to launch a fraud case against him using a no-fee lawyer like Wood Law. Its up to us to stop this guy from doing this again and again. He's been at this confidence game for 15 years.

You have a good point, there is a place for government in enforcing contracts but at the same time think about how many startups fail all the time in Silicon Valley, they lie and string their investors along all the time too. They even brag about it and the government does nothing. Maybe we should have insisted on personal contracts with Ken before investing with a plan for the company failure if it occurred. People were too optimistic when reading the prospectus and we never gave the shareholders an out in the prospectus that Ken would have had to adhere to.

http://www.wired.com/2014/04/no-exit/
Chris convened their meeting by saying, “We have 10 companies waiting to work with us, and we’re about to close a round of funding.” These statements weren’t strictly true, but one couldn’t hire engineers without projecting a sunlit-uplands future. As Chris had put it to me, “Lying your way along puts you in a bad place. But you do have to balance transparency with optimism.”

This sounds a lot like some of Ken's false claims.

I just think that if you are using Bitcoins the first move when things might not look good should not be to seek out government assistance to save your cash. You should work with the person you invested with to make the situation better. Ken really did bring this upon himself since many people here are novice investors and likely committed too much capital to this enterprise and when shares were not tradable for > 5 months I can understand getting the MSD involved but it really feels like shooting yourself in the foot to recover a minimal amount of your investment back by killing any chance the company could succeed. It wasn't big but it still existed. Now that has even been lessened to be an almost non existent chance.

You have a good point, there is a place for government in enforcing contracts but at the same time think about how many startups fail all the time in Silicon Valley, they lie and string their investors along all the time too. They even brag about it and the government does nothing. Maybe we should have insisted on personal contracts with Ken before investing with a plan for the company failure if it occurred. People were too optimistic when reading the prospectus and we never gave the shareholders an out in the prospectus that Ken would have had to adhere to.

http://www.wired.com/2014/04/no-exit/
Chris convened their meeting by saying, “We have 10 companies waiting to work with us, and we’re about to close a round of funding.” These statements weren’t strictly true, but one couldn’t hire engineers without projecting a sunlit-uplands future. As Chris had put it to me, “Lying your way along puts you in a bad place. But you do have to balance transparency with optimism.”

This sounds a lot like some of Ken's false claims.

I just think that if you are using Bitcoins the first move when things might not look good should not be to seek out government assistance to save your cash. You should work with the person you invested with to make the situation better. Ken really did bring this upon himself since many people here are novice investors and likely committed too much capital to this enterprise and when shares were not tradable for > 5 months I can understand getting the MSD involved but it really feels like shooting yourself in the foot to recover a minimal amount of your investment back by killing any chance the company could succeed. It wasn't big but it still existed. Now that has even been lessened to be an almost non existent chance.

This is getting out of hand.  Just because people say it's over doesn't make them the authority.  I respect Bargraphics and and what he has to say, but he is wrong about saying the company is finished.  If this MSD issue hadn't come to light when it did, we would all be waiting patiently for news of a major breakthrough. At least the more level headed of us would. Any talk of Ken going into hiding is pure fantasy and what is far closer to the actual truth is that he's keeping his cards close to his chest which is what he does.  Two things have happened recently, the HF deal and the MSD announcement.  Ken silence is due to the HF deal and the doom & gloom brigade think it's because of the MSD announcement.  Sit back and wait for news, it will come soon enough and when it does there will be panic buying given the current prices.  I would be buying right now if I had the cash.