Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 80. (Read 629899 times)

the MSD supposedly reads this thread… so for all intents and purposes we should keep a running commentary of the facts as to how shady this whole operation has been running.

no wonder ken has been so illusive with the financial reports. he must have several completely different, totally fictional versions for each legal authority who wants to see (MSD, hashfast bankrupcy judge, woodlaw) too bad none of us could have cashed out months ago when only ken could sell ukyo's shares. does MSD know about that fiasco?
there are too many red flags, fuck there is a mushroom cloud over this whole thing. red flags were many months past.

@LorenzoMoney - any luck with that phone call to MSD? I would be interested to hear what they have to say, although I really have no faith that it will be anything approaching positive news.

@kslaughter - when do you think you might level with your shareholders? are you simply too busy cooking books and hiding funds? (also not holding my breath)

shit show indeed.

You get your knuckles wrapped you bad boy!

What are the rules on quoting known trolls? I forget.

We all knew this day would come.  I'm actually glad it's here because once the dust settles we can move on with the company and continue without the MSD cloud hanging over us.  It's the same old pattern with ActM.  Suddenly we get what should be the coup de grace, we go down but don't stay down. I fact we seem to rise from the ashes a little bit stronger from the ordeal.  ActM is a remarkably resilient beast and it's my view that we'll weather this storm as we've weathered all the others that have come before.  

In terms of shareholders asking for refunds there's a lot of chat but in reality it will have an absolute minimal affect on ActM.  There will be hardly any shareholders who ask for refunds and those that do will be paid, in fiat, for a pittance.

As usual there's a whole load of melodrama, exaggeration, people talking rubbish and pulling numbers out their arses, the usual shit stirrers and trolls resurfacing and the obligatory shareholder or two who finally crack and cross to the dark side.

This time next month the share price might not reach 0.003 thanks to Bitcoin traitors but those of us who are holding for as long as it takes, we will have our day in the sun.

Cheer up you lot, it might never happen!  

Doubtful?

This is going to be big.  SEC will be all over this by next year.

Erik sold SD a year ago, and they go after him now?  I guess Ken has another year at a minimum before they get their act together.  That's assuming they care enough which is doubtful.  "fully on the radar"?  Odds are slim.

Fell off the truck... who knows I'm guessing Ken has no records of anything...

Yes, but as a customer. He is still gathering info

With all the mis and dis info around I forgot.  Ken did the state stop ops, or is the issue just with the shareholder reimbursment?

hears an interesting aside:

SEC Charges Bitcoin Entrepreneur With Offering Unregistered Securities

Zum never believed any of that crap anyway, otherwise he would buy up the shares.

LOL

This whole ordeal is 4-6 months out, think about where BTC will be at that point. We are just hearing about this now. As long you Amerikkkans don't push for liquidation then there is still hope for this situation IMO.

100 Gold Rush boards just left stock.

Ken does not know what the deal is yet.  The MSD are waiting for their (Ken and his lawyer) idea of what it should be.  The MSD is likely to change it and submit their own plan and this will go back and forth for awhile.  Until the MSD accepts the deal and outlays that for everyone, a lot of what is happening with reimbursement is guessing.

Ken does not know what the fines will be.  He's guessing (or his lawyer is telling him) that the maximum fine is $100,000.  That is a guess based on a single infraction.  The MSD can fine him multiple times and even put him in jail if they want to.  Though they probably won't unless Ken fails to pay or tries to deceive them.  They can also charge him a lot less than $100,000.  It really depends on how they see it.

Keep in mind, this is a State investigation.  It does not clear Ken from a potential federal investigation which would be a lot worse.

The MSD said that Ken would not be allowed to sell shares.  Those of you with shares could end up with nothing.  If Ken deploys funds to your shares, such as a dividend payout, he will be in violation of his agreement with the MSD.  And he could face severe fines or jail time.

Your best bet is to get out.  

Honestly, Ken should liquidate the company.  There is no money left for anything.  Just sell off while the hardware can fetch a profit and distribute to shareholders.  

Liquidate.  

How so? A big bunch of coins disappeared at the last peak, and the only time we know ken spent money (recently giving it to hashfast) probably resulted in selling coins right before the price going up.

You guys are putting an awful lot of confidence in a guy who has fucked up several times and has given you absolutely no evidence of how much money is left.

Exactly there are major arbitrage opportunities within arbatrage opportunities here!!!!  You just need to fully understand the State's mind and methods. vs. your average bitcoin investors mind.  Thats the fundamental basis of this section,  Plus shares are now in more limited supply by stronger hands that will not sell at the drop of a hat because they feel some sort of way about Ken.  Also, there are many new people entering the BTC space as we speak. Once they fid out that BTC has its own exchanges and stocks there will be another wave of investors that are going to want to find a place they can  (or think they can invest their BTC for gain).