Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 73. (Read 629899 times)
June 05, 2014, 10:53:25 AM
Lol and The Sec of State said the IPO was on Bitfunder.lol
June 05, 2014, 10:51:55 AM
June 05, 2014, 10:50:12 AM
June 05, 2014, 10:40:33 AM
June 05, 2014, 10:34:35 AM
...Alex Salmond.
He is going to need his own crypto-currency soon! June 05, 2014, 10:15:38 AM
I'm not emailing shit. I would rather lose all my BTC (wait.. I have) than cosy up with the Government. Never mind the US government - fuck them guys.
I might write a strong worded letter to Alex Salmond.
I might write a strong worded letter to Alex Salmond.
You don't need to cozy up with anyone. All you need to do is instruct them on how much you want reimbursed and what you think is fair. If you need to give your details to them so what Jimmy, they can find out who you are in about 25 seconds if they wanted to.
Im not going to get anything. And i bet they couldn't find me!
June 05, 2014, 10:01:25 AM
I'm not emailing shit. I would rather lose all my BTC (wait.. I have) than cosy up with the Government. Never mind the US government - fuck them guys.
I might write a strong worded letter to Alex Salmond.
I might write a strong worded letter to Alex Salmond.
You don't need to cozy up with anyone. All you need to do is instruct them on how much you want reimbursed and what you think is fair. If you need to give your details to them so what Jimmy, they can find out who you are in about 25 seconds if they wanted to.
Im not going to get anything. And i bet they couldn't find me!
June 05, 2014, 09:54:54 AM
Has Ken Slaughter effectively become our adversary?
June 05, 2014, 09:52:35 AM
I'm not emailing shit. I would rather lose all my BTC (wait.. I have) than cosy up with the Government. Never mind the US government - fuck them guys.
I might write a strong worded letter to Alex Salmond.
I might write a strong worded letter to Alex Salmond.
June 05, 2014, 09:33:04 AM
What about people who didn't buy at ipo?
June 05, 2014, 08:51:21 AM
What is happening is not a "bump in the road".
For over a year, there has been a pattern that has repeated. That pattern involves a lack of news, being told to wait for the upcoming big announcement. Then the anouncement that comes is a grand disappointment.
We may never know if Ken, at the start was sincere and believed he could do what he said he wanted to do.
All we know is that despite his claims to have 30 years in business, he has not really ever been successful with any of his businesses, and that he has had a pattern of failures and bad decisions in regard to Active Mining/VMC. He also has had complaint in regard to a cable/data company he ran previous to VMC.
Given Ken's track record with ActM/VMC, there is absolutely no reason evidence to show that this company has any possibility of being successful. In fact, the evidence suggests that whatever Ken's original motivations and intentions, it is now being run like a classic confidence scam.
Ken has indicated to me in PM, that he believes that the amount that will be paid in settlement to shareholders has already been agreed upon and established with finality. That is a lie.
I contacted Jason Kander's office at 1-800-721-7996 and was told that it has not yet been determined what and how much and according to what formula will be paid to shareholders.
The impression that I have gotten from Ken and from his lawyer's press release (link below) is that Ken feels he should only pay the original investors, and then only the dollar amount of the value of the shares at the time of the first IPO, plus 8% interest. That would leave anyone who bought shares from any of the exchanges after out in the cold. My contention is that Jason Kander's office does not understand bitcoin, and we need to contact him and share our opinions and experience with him and his office and his investigators.
Further, I am sure Ken will set up some high bar to prove that you bought at first IPO.
My opinion is that ActM will not survive this little bump. Ken will try to hide any and all assets from ActM. Ken is not an honest man and anyone here who still has faith in him and trusts him is foolish. We each should contact Jason Kander's office and politely share what information we have. We should also suggest that we want payment in Bit, or at the value of bitcoin at the time of the cease and desist order and not the value of bitcoin at the time of the first IPO.
Kander's office has heard from Ken's lawyer but has not heard from many of us.
My further opinion is that all assets from ActM should be assessed and once a value place on them all, and a punitive fine added to that, and then that number should be divided by the total number of shares not owned by Ken or any member of the Slaughter clan. And, the payment should be made based upon that calculation.
ActM should not be allowed to continue under Ken's control. Ken should be put into a situation where he is unable to start shady businesses ever again.
http://www.ozarksfirst.com/media/lib/184/0/b/d/0bdcdfe7-623f-4653-be2a-7ba629d8ee70/Slaughter_Press_Release_6_3_2014.pdf
Please call Kander's office 1-800-721-7996. Tell whomever answers that you are a sharehold in Active Mining and would like to speak to the financial investigator.
For those of you who believe that somehow, talking to the Secretary of State of Missouri has ruined your chance of being a millionaire, you are foolish. Ken by his own mismanagment, intentional or due to incompetence, brought this upon himself. If we do not educate Kander's office on the situation, Ken's lawyer will be the major source of info regarding Bitcoin and we will lose out.
For over a year, there has been a pattern that has repeated. That pattern involves a lack of news, being told to wait for the upcoming big announcement. Then the anouncement that comes is a grand disappointment.
We may never know if Ken, at the start was sincere and believed he could do what he said he wanted to do.
All we know is that despite his claims to have 30 years in business, he has not really ever been successful with any of his businesses, and that he has had a pattern of failures and bad decisions in regard to Active Mining/VMC. He also has had complaint in regard to a cable/data company he ran previous to VMC.
Given Ken's track record with ActM/VMC, there is absolutely no reason evidence to show that this company has any possibility of being successful. In fact, the evidence suggests that whatever Ken's original motivations and intentions, it is now being run like a classic confidence scam.
Ken has indicated to me in PM, that he believes that the amount that will be paid in settlement to shareholders has already been agreed upon and established with finality. That is a lie.
I contacted Jason Kander's office at 1-800-721-7996 and was told that it has not yet been determined what and how much and according to what formula will be paid to shareholders.
The impression that I have gotten from Ken and from his lawyer's press release (link below) is that Ken feels he should only pay the original investors, and then only the dollar amount of the value of the shares at the time of the first IPO, plus 8% interest. That would leave anyone who bought shares from any of the exchanges after out in the cold. My contention is that Jason Kander's office does not understand bitcoin, and we need to contact him and share our opinions and experience with him and his office and his investigators.
Further, I am sure Ken will set up some high bar to prove that you bought at first IPO.
My opinion is that ActM will not survive this little bump. Ken will try to hide any and all assets from ActM. Ken is not an honest man and anyone here who still has faith in him and trusts him is foolish. We each should contact Jason Kander's office and politely share what information we have. We should also suggest that we want payment in Bit, or at the value of bitcoin at the time of the cease and desist order and not the value of bitcoin at the time of the first IPO.
Kander's office has heard from Ken's lawyer but has not heard from many of us.
My further opinion is that all assets from ActM should be assessed and once a value place on them all, and a punitive fine added to that, and then that number should be divided by the total number of shares not owned by Ken or any member of the Slaughter clan. And, the payment should be made based upon that calculation.
ActM should not be allowed to continue under Ken's control. Ken should be put into a situation where he is unable to start shady businesses ever again.
http://www.ozarksfirst.com/media/lib/184/0/b/d/0bdcdfe7-623f-4653-be2a-7ba629d8ee70/Slaughter_Press_Release_6_3_2014.pdf
Please call Kander's office 1-800-721-7996. Tell whomever answers that you are a sharehold in Active Mining and would like to speak to the financial investigator.
For those of you who believe that somehow, talking to the Secretary of State of Missouri has ruined your chance of being a millionaire, you are foolish. Ken by his own mismanagment, intentional or due to incompetence, brought this upon himself. If we do not educate Kander's office on the situation, Ken's lawyer will be the major source of info regarding Bitcoin and we will lose out.
June 05, 2014, 03:21:19 AM
If you look at the workers on http://eligius.st/~wizkid057/newstats/userstats.php/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa
Notice there is a "Rev2at737mhz" worker - basically it looks like Ken has been running boards at stock speed (400gh/s) rather than 510+gh/s - eh? do you even mine bro?
Notice there is a "Rev2at737mhz" worker - basically it looks like Ken has been running boards at stock speed (400gh/s) rather than 510+gh/s - eh? do you even mine bro?
June 04, 2014, 10:27:52 PM
What I don't understand is that some people here somehow think AMC will continue to run and exist.
At present, the Missouri state is focusing on the shares being sold illegally. And thus allowing investors to be refunded.
Once that is complete, why would they allow AMC to just keep running?
How could one create a business, sell securities illegally, refund some back, and continue running. That is an awesome get out of jail card and I can not imagine the state or SEC would allow it.
If this is just a bump in the road, the next bump will be coming soon that will be a complete road closure.
At present, the Missouri state is focusing on the shares being sold illegally. And thus allowing investors to be refunded.
Once that is complete, why would they allow AMC to just keep running?
How could one create a business, sell securities illegally, refund some back, and continue running. That is an awesome get out of jail card and I can not imagine the state or SEC would allow it.
If this is just a bump in the road, the next bump will be coming soon that will be a complete road closure.
June 04, 2014, 09:17:57 PM
arousedrhino,
You asked me where do I think the money will come from to pay us back.
The answer is that I do not care. I do not care if Ken's lawyer gives him a loan, or if Ken has to sell his house, or if the judge forces Ken to pay a part of his future salary to pay us. Where the money will come from is Ken's problem. He has 19K bitcoin somewhere. He has hardware and savings and property. Maybe the judge will put a lien on all his possessions and he will have to declare bankrupcty. Maybe It is Ken's problem to find the money to pay back all the people he ripped off. Maybe all of Ken's houses and his car, and his furniture will go into some sort of receivership and will be auctioned off and we will get the proceeds from that. That is the problem of Ken and his lawyers.
Ken is NOT your friend. He is not my friend. Friends do not lie and steal from each other.
What I care about is that Ken gets punished for lying to us all for so long and what I care about is that I am compensated for the damages caused by Ken's lying.
Where will that money come from Lorenzo?
Its one thing to have everything liquidated and distributed to shareholders evenly. Its another to make an impossible demand. There is no way he can refund .0025 BTC per share. The money was spent, not wisely but spent nonetheless.
You asked me where do I think the money will come from to pay us back.
The answer is that I do not care. I do not care if Ken's lawyer gives him a loan, or if Ken has to sell his house, or if the judge forces Ken to pay a part of his future salary to pay us. Where the money will come from is Ken's problem. He has 19K bitcoin somewhere. He has hardware and savings and property. Maybe the judge will put a lien on all his possessions and he will have to declare bankrupcty. Maybe It is Ken's problem to find the money to pay back all the people he ripped off. Maybe all of Ken's houses and his car, and his furniture will go into some sort of receivership and will be auctioned off and we will get the proceeds from that. That is the problem of Ken and his lawyers.
Ken is NOT your friend. He is not my friend. Friends do not lie and steal from each other.
What I care about is that Ken gets punished for lying to us all for so long and what I care about is that I am compensated for the damages caused by Ken's lying.
Here is a link to a copy of the Missouri Secretary of State Cease and Desist order which was sent to Ken Slaughter.
http://freepdfhosting.com/0d53fc3f43.pdf
The amount of restitution, and the formula which will be used to determine the restitution has not yet been determined.
It is pointless to argue whether or not government or lawyer involvement is a good thing or a bad thing. It already happened.
We all should read the cease and easiest order.
Several important points should be clear. The first is, the method and formula for restitution and fines has not yet been determined. And the second is, that the Office of the Secretary of State of Missouri might be influenced by good arguments from the community of share holders on how to determine restitution.
I am of the opinion that restitution should be made in Bitcoin, not in US currency, and that it should be at the rate of .0025 Bitcoin per share, to be paid either in bit coin directly, or at the exchange rate of the time of the cease and desist order, which is about $540 per Bitcoin.
Contact information for the Secretary of State of the Missouri is available and from what I understand, they are receptive to data which could help in determine restitution.
http://freepdfhosting.com/0d53fc3f43.pdf
The amount of restitution, and the formula which will be used to determine the restitution has not yet been determined.
It is pointless to argue whether or not government or lawyer involvement is a good thing or a bad thing. It already happened.
We all should read the cease and easiest order.
Several important points should be clear. The first is, the method and formula for restitution and fines has not yet been determined. And the second is, that the Office of the Secretary of State of Missouri might be influenced by good arguments from the community of share holders on how to determine restitution.
I am of the opinion that restitution should be made in Bitcoin, not in US currency, and that it should be at the rate of .0025 Bitcoin per share, to be paid either in bit coin directly, or at the exchange rate of the time of the cease and desist order, which is about $540 per Bitcoin.
Contact information for the Secretary of State of the Missouri is available and from what I understand, they are receptive to data which could help in determine restitution.
Where will that money come from Lorenzo?
Its one thing to have everything liquidated and distributed to shareholders evenly. Its another to make an impossible demand. There is no way he can refund .0025 BTC per share. The money was spent, not wisely but spent nonetheless.
June 04, 2014, 08:49:27 PM
So I take it no update tonight?
June 04, 2014, 08:40:46 PM
Ct is in hong kong....I can't wait to see what the govt does when colored coins come to light lol. There going to all loom like lil John. What what what. Ok
June 04, 2014, 08:15:15 PM
These laws only apply to the United States. It's perfectly legal for a REAL Belize company to sell shares of unregistered securities on Crypto Trade.
Incorrect according to these people:
http://d209886.u27.hsphere.clientsource.com/faq-stocks.php
Foreign corporations that sell securities in the United States must register those securities with the SEC. They are generally subject to the same rules and regulations that apply to securities of U.S. companies
Right... But it's perfectly legal for a Belize corporation (A real one) to sell on Crypto Trade to people not living in the United States. As far as I understand it, Crypto Trade is not in the United States. Wasn't it in Canada and then moved to Panama? Who can keep track of all these operations and where they are supposedly based? I know I can't.
June 04, 2014, 08:13:00 PM
It has to be on their radar. Maybe at that time they didn't know anything about Bitcoin and weren't paying attention to these issues. But recently the SEC and now the MSD have been more aware and have been fining and shutting down operations such as this. Like anything, it has to be brought to their attention. Undoubtedly someone complained to the MSD which started the investigation.
June 04, 2014, 08:05:17 PM
I'm saying if this was a real issue this would have been done a long time ago. Probably in the bct tc days
June 04, 2014, 08:00:56 PM
I honestly don't know what your point is. If you think that American operations offering unregistered securities are legal because they are still doing it, than you are wrong. It is not. Just like stealing cars is illegal even though it still happens. The SEC and various State organizations have limited resources and can only investigate so many of these things at any one time. That doesn't mean they won't get to them eventually.
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