[ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 86.

MilkyWayMasta

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Quote from: kslaughter on June 02, 2014, 06:45:16 PM

Quote from: ?? on ??

Quote from: kslaughter on June 02, 2014, 06:24:50 PM

Quote from: ?? on ??

OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.

It will be refunded at the original investors investment plus 8% interest in USD.

To be clear, how much, in dollars, are you reimbursing per share?

(as in "1 share will be exchanged for X USD")

To be clear, it is the amount you paid for the shares in USD at the time of original purchase plus 8% interest.

Is that throughout anytime a purchase was made? What if we bought the shares on an exchange?

kslaughter

sr. member

Activity: 476

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Quote from: ?? on ??

Quote from: kslaughter on June 02, 2014, 06:24:50 PM

Quote from: ?? on ??

OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.

It will be refunded at the original investors investment plus 8% interest in USD.

To be clear, how much, in dollars, are you reimbursing per share?

(as in "1 share will be exchanged for X USD")

To be clear, it is the amount you paid for the shares in USD at the time of original purchase plus 8% interest.

LorenzoMoney

sr. member

Activity: 335

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Ken,

At this time, I would be willing to sell the shares I bought from you for .0005 bitcoin each.
I bought just 1000 additional shares on Crypto-Trade recently, but let's just talk about the shares I bought in the original IPO.
Please explain how we shall do this.

The easiest way would be for you to just let me transfer the shares and then you multiply that amount by .0005 and send the bitcoin to an address I will provide.

How long do you think this process will take?

Lorenzo Money

Quote from: kslaughter on June 02, 2014, 06:37:47 PM

Quote from: arousedrhino on June 02, 2014, 06:00:36 PM

Quote from: zumzero on June 02, 2014, 03:55:24 PM

Quote from: ?? on ??

He needs about 20Mill usd to reimburse everyone. In 45 days that could be higher. Maybe he's making it up as he goes along again? This seemed to come from a phone call interview and he didn't even know about this secretary of state ruling so he was put on the spot and under pressure so maybe he got it wrong?

Not if he reimburses in fiat and not bitcoin. Wink

Hash Fast tried that but it was ruled illegal?

Just worked it out just incase. He will need 3.1 Million USD to reimburse 10 Mill shares at 0.0025 with BTC price at $125 which it was when most people bought in? But again people who bought in at 0.005 when btc was $600 would push the total up to 6Mill USD?

Ken raised about $1,000,000 from the sale of all shares.

No he raised X BTC, nobody here wants the useless USD.

10 Million shares where not sold at .0025 BTC, the tenders shares will be valued at their original purchase price of .0005 BTC @ ~$100 USD. The shareholder will have to prove that they purchased the shares from Active Mining not from someone else.

All sharesholders wanting a refund will need to provide their ID information to the Missouri Securities Division. The shareholders will have to transfer the shares back to Active Mining.

JoTheKhan

sr. member

Activity: 378

Merit: 250

Ok so.

$.054 a Share such that 10 shares = $.54

kslaughter

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Quote from: thefunkybits on June 02, 2014, 06:38:53 PM

Quote from: ?? on ??

You need about 17,000 btc to do that Ken do you have that much?

He will have to either sell BTC (which will be well above $1K at that point, considering the amount of time it takes BTC to move vs. the legal system and the amount of time the company has to pay the fine) or use fiat from some magical deal we may have whipped up.

Either way, getting paid back in fiat is shafting investors...especially considering many of us used $100 BTC at the time of IPO. When BTC goes for another quantum leap we'll be left with orders of magnitude less in BTC value. Ken, please inform us of your plans to satisfy those who may want to remain shareholders. I'm sure we all want Bitcoin in our wallets, not USD

You don't have to take the offer and you can keep your shares in the company.

MilkyWayMasta

full member

Activity: 221

Merit: 100

So 0.0005 BTC @ $100 USD per BTC = $0.05 per share. Not even 1/10 of a mBTC. Shame.

thefunkybits

legendary

Activity: 1218

Merit: 1000

Quote from: ?? on ??

You need about 17,000 btc to do that Ken do you have that much?

He will have to either sell BTC (which will be well above $1K at that point, considering the amount of time it takes BTC to move vs. the legal system and the amount of time the company has to pay the fine) or use fiat from some magical deal we may have whipped up.

Either way, getting paid back in fiat is shafting investors...especially considering many of us used $100 BTC at the time of IPO. When BTC goes for another quantum leap we'll be left with orders of magnitude less in BTC value. Ken, please inform us of your plans to satisfy those who may want to remain shareholders. I'm sure we all want Bitcoin in our wallets, not USD

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: arousedrhino on June 02, 2014, 06:00:36 PM

Quote from: zumzero on June 02, 2014, 03:55:24 PM

Quote from: ?? on ??

He needs about 20Mill usd to reimburse everyone. In 45 days that could be higher. Maybe he's making it up as he goes along again? This seemed to come from a phone call interview and he didn't even know about this secretary of state ruling so he was put on the spot and under pressure so maybe he got it wrong?

Not if he reimburses in fiat and not bitcoin. Wink

Hash Fast tried that but it was ruled illegal?

Just worked it out just incase. He will need 3.1 Million USD to reimburse 10 Mill shares at 0.0025 with BTC price at $125 which it was when most people bought in? But again people who bought in at 0.005 when btc was $600 would push the total up to 6Mill USD?

Ken raised about $1,000,000 from the sale of all shares.

No he raised X BTC, nobody here wants the useless USD.

10 Million shares where not sold at .0025 BTC, the tenders shares will be valued at their original purchase price of .0005 BTC @ ~$100 USD. The shareholder will have to prove that they purchased the shares from Active Mining not from someone else.

All sharesholders wanting a refund will need to provide their ID information to the Missouri Securities Division. The shareholders will have to transfer the shares back to Active Mining.

kleeck

hero member

Activity: 532

Merit: 500

https://karatcoin.co

Quote from: kslaughter on June 02, 2014, 06:24:50 PM

Quote from: ?? on ??

OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.

It will be refunded at the original investors investment plus 8% interest in USD.

The original investors investment in BTC or USD plus 8% USD?

If USD, how will you know what USD value investors bought at?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: ?? on ??

You need about 17,000 btc to do that Ken do you have that much?

I don't think so.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: thefunkybits on June 02, 2014, 06:28:22 PM

Quote from: kslaughter on June 02, 2014, 06:24:50 PM

Quote from: ?? on ??

OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.

It will be refunded at the original investors investment plus 8% interest in USD.

what happens to the "reimbursed" shares? is there a plan to pay back 0.0025 BTC per share to the remaining shares?

The reimbursed shares will be owned by the company.

The original contract applies.

thefunkybits

legendary

Activity: 1218

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Quote from: kslaughter on June 02, 2014, 06:24:50 PM

Quote from: ?? on ??

OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.

It will be refunded at the original investors investment plus 8% interest in USD.

what happens to the "reimbursed" shares? is there a plan to pay back 0.0025 BTC per share to the remaining shares?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: ?? on ??

OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.

It will be refunded at the original investors investment plus 8% interest in USD.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: damiano on June 02, 2014, 06:21:45 PM

Quote from: ?? on ??

OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.

To be more precise:

Quote from: kslaughter on June 02, 2014, 05:21:38 PM

...
The refund will only be for the current price you purchased at this time, not for your previous price.

Because Ken has powers...

that won't fly in the us

That is what the MSD has told us.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: Mutated btc on June 02, 2014, 05:26:53 PM

Quote from: kslaughter on June 02, 2014, 05:21:38 PM

Quote from: damiano on June 02, 2014, 05:06:10 PM

I sold a lot weeks ago... I'm out a lot. Should I re purchase what I sold? For refund/accounting purposes?

The refund will only be for the current price you purchased at this time, not for your previous price.

answer me too ken please

update me on the rest of share verification, sended before deadline,

say not yet, if you didnt, for peace of my mind

Working on getting the shares verified and transferred today.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: ?? on ??

OK so then if he raised on average 0.0017 x 10,000,000 then he needs 11mill USD to buy that 17,000 BTC back today.

To be more precise:

Quote from: kslaughter on June 02, 2014, 05:21:38 PM

...
The refund will only be for the current price you purchased at this time, not for your previous price.

Because Ken has powers...

that won't fly in the us

arousedrhino

sr. member

Activity: 347

Merit: 250

Quote from: zumzero on June 02, 2014, 03:55:24 PM

Quote from: ?? on ??

He needs about 20Mill usd to reimburse everyone. In 45 days that could be higher. Maybe he's making it up as he goes along again? This seemed to come from a phone call interview and he didn't even know about this secretary of state ruling so he was put on the spot and under pressure so maybe he got it wrong?

Not if he reimburses in fiat and not bitcoin. Wink

Hash Fast tried that but it was ruled illegal?

Just worked it out just incase. He will need 3.1 Million USD to reimburse 10 Mill shares at 0.0025 with BTC price at $125 which it was when most people bought in? But again people who bought in at 0.005 when btc was $600 would push the total up to 6Mill USD?

Ken raised about $1,000,000 from the sale of all shares.

No he raised X BTC, nobody here wants the useless USD.

arousedrhino

sr. member

Activity: 347

Merit: 250

Quote from: ?? on ??

He needs about 20Mill usd to reimburse everyone at 0.0025. In 45 days that could be higher. Maybe he's making it up as he goes along again? This seemed to come from a phone call interview and he didn't even know about this secretary of state ruling so he was put on the spot and under pressure so maybe he got it wrong?

Oh and I bought quite a lot at 0.005 as did others so he will need about 40Million USD to reimburse everyone.

The IPO was at .0005 and .0025, just because you bought at a higher price does not entitle you to that refund. You bought at market price, thats not the IPO price.

arousedrhino

sr. member

Activity: 347

Merit: 250

Quote from: pedrog on June 02, 2014, 02:33:22 PM

Quote from: ?? on ??

Quote from: pedrog on June 02, 2014, 02:29:23 PM

So, some motherfucker snitched on Ken and now we are all fucked...

No, it was Ken's actions that did this. The secretary of state guy said Ken has done it before with another company in Misouri.

Sure, we are all very fond of government involvement here.

Probably, the funds left will go for lawyers and government fines...

No it was an investor that does not understand risk. Who then whined to his government even though he was using an unregulated currency. We all knew the risks those who involved the government should never have been using BTC in the first place.

Ozymandias2

member

Activity: 98

Merit: 10

What are the other [relevant] repercussions aside from the up to $100,000 fine? The further issuing of shares is obviously irrelevant since the currently issued shares are non-dilutable.

Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 86. (Read 629899 times)