[ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 88.

faxfan2002

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Quote from: ?? on ??

Quote from: zumzero on June 02, 2014, 03:54:07 PM

If there are 45 days for people to get reimbursed that leaves more money for those who stay when divs get paid out after that.

But where will he get 6-20Mills USD from in 45days? He's not selling enough Gold cards - would need to sell about 20,000 Gold cards?

He's taking money for cards but not shipping them, lost 3.44BTC on none shipment of cards.

tempestb

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The law would not tell Ken to refund people in Bitcoin. They don't recognize Bitcoin as a currency. So the refunds would be in cash. If you paid $140, he'll have to refund you $140. Based on what you paid in cash is what you will get reimbursed.

shaofis

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Ken,

This requires an immediate response; not a short one liner on Wednesday.

Shao

JoTheKhan

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Is the refund BTC denominated. As in .0025 a share?

SebastianJu

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Legendary Escrow Service - Tip Jar in Profile

He really offered to reimburse? I cant imagine where he would get the funds from. Its impossible so it sounds to me like the next promise ken gives in order to allow him "trying" to make all good again. Theres no reason that this promise is worth more than the other refund promises. I guess thats how he is.

Mutated btc

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Quote from: zumzero on May 28, 2014, 03:54:44 PM

Quote from: SoylentCreek on May 28, 2014, 10:33:40 AM

Has anyone still not received shares to their C-T account? I submitted a request a week ago, and have still not received anything. I also messaged Ken, who appears to be MIA.

Same as me, I submitted the day before the deadline and have yet to receive the shares to my CT account. I also PM'd Ken and have yet to hear back. Clearly he's occupied with other matters right now, I just hope he is finding the time to respond to the previous Q&A and posts it along with this week's update as I'm in no hurry for my shares given the current valuation.

i pm too, any replies yet?

Mutated btc

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Quote from: Mutated btc on June 02, 2014, 03:56:46 PM

i checked CT now and have not received my share yet, i sended email on 20th before deadline.

reading the last update, he said in few days.

anybody else waiting for their share after sending email?

zumzero you got shares yet or waiting?

any input guys?

granitemouse

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Personally, I kept track of all the trades I made with ACTM. Reimbursement means what you put in, you will recover, which also to be fair should all be in BTC as that is the currency we used to purchase shares. So Ken, please let us know the plan.

knybe

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decentralize EVERYTHING...

Quote from: kleeck on June 02, 2014, 03:41:34 PM

Quote from: knybe on June 02, 2014, 03:39:59 PM

Slaughter said he reached an agreement with the Secretary of State's office to provide refunds to any investors who want out, but he will continue sell virtual shares to people who still want to invest in the still emerging technology, He said those who want refunds will have 45 days to request them.

Ken, I would like out please.

Let's not flood this thread with "LEMMEOUTZBRO!" Send him an e-mail or a PM. Cheesy

Edit: I would be curious what other investors interpret "Reimbursement" to be. Original IPO value (.0005), IPO 2.0 (.0025), or some other value?

fuck it. I only look forward to the day I never have to read this godforsaken thread ever again.

Mutated btc

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i checked CT now and have not received my share yet, i sended email on 20th before deadline.

reading the last update, he said in few days.

anybody else waiting for their share after sending email?

zumzero you got shares yet or waiting?

kleeck

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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

Just worked it out. 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?

Yeah. I don't see how he could possibly track down what people bought and at what usd/btc. I'm guessing it's going to be a negotiated flat-rate, which isn't a reimbursement.

zumzero

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myBitcoin.Garden

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.

zumzero

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myBitcoin.Garden

If there are 45 days for people to get reimbursed that leaves more money for those who stay when divs get paid out after that.

kleeck

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Quote from: Jasun7211 on June 02, 2014, 03:45:07 PM

I'm sure it probably means he will let you at market price.

That's not reimbursement.

Jasun7211

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I'm sure it probably means he will let you at market price. Which is not looking too hot btw. Is there a time date/ price of exit?

kleeck

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Quote from: knybe on June 02, 2014, 03:39:59 PM

Slaughter said he reached an agreement with the Secretary of State's office to provide refunds to any investors who want out, but he will continue sell virtual shares to people who still want to invest in the still emerging technology, He said those who want refunds will have 45 days to request them.

Ken, I would like out please.

Let's not flood this thread with "LEMMEOUTZBRO!" Send him an e-mail or a PM. Cheesy

Edit: I would be curious what other investors interpret "Reimbursement" to be. Original IPO value (.0005), IPO 2.0 (.0025), or some other value?

knybe

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decentralize EVERYTHING...

Slaughter said he reached an agreement with the Secretary of State's office to provide refunds to any investors who want out, but he will continue sell virtual shares to people who still want to invest in the still emerging technology, He said those who want refunds will have 45 days to request them.

Ken, I would like out please.

kleeck

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Quote from: dropt on June 02, 2014, 03:26:46 PM

Quote from: kleeck on June 02, 2014, 02:35:55 PM

Quote from: TooDumbForBitcoin on June 02, 2014, 02:08:21 PM

Game over.

http://www.news-leader.com/story/news/local/ozarks/2014/06/02/secretary-state-halts-springfield-bitcoin-business/9871263/

Bit of a misleading title. This is the result of the Missouri SEC inquiry and involves the sale of shares, not whether ActM/VMC can continue operations.

Quote

Kander's actions prevent from him from selling shares

Quote

Slaughter said he reached an agreement with the Secretary of State's office to provide refunds to any investors who want out, but he will continue sell virtual shares to people who still want to invest in the still emerging technology, He said those who want refunds will have 45 days to request them.

Sounds like Ken doesn't give a shit what the man has to say.

Maybe, but my point is that ActM/VMC can continue to operate it just can't issue more shares (Not sure where you got your "quote"...). The amount of fines is a point of issue, of course.

I've already shot him a PM to inquire into the article and the reimbursement plan mentioned therein. I'd call, but no one is answering the phones. Wink

Edit: Found the quote: http://www.kspr.com/news/local/missouri-secretary-of-state-moves-to-halt-springfield-bitcoin-investments/21051620_26289746 which seems to contradict the News-Leader article regarding the issuing of shares...

dropt

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Quote from: kleeck on June 02, 2014, 02:35:55 PM

Quote from: TooDumbForBitcoin on June 02, 2014, 02:08:21 PM

Game over.

http://www.news-leader.com/story/news/local/ozarks/2014/06/02/secretary-state-halts-springfield-bitcoin-business/9871263/

Bit of a misleading title. This is the result of the Missouri SEC inquiry and involves the sale of shares, not whether ActM/VMC can continue operations.

Quote

Kander's actions prevent from him from selling shares

Quote

Slaughter said he reached an agreement with the Secretary of State's office to provide refunds to any investors who want out, but he will continue sell virtual shares to people who still want to invest in the still emerging technology, He said those who want refunds will have 45 days to request them.

Sounds like Ken doesn't give a shit what the man has to say.

Jasun7211

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Well Guess it time to do some ish before this hits coindesk....L8ter G8ters!!!

Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 88. (Read 629899 times)