Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 101. (Read 479475 times)

40x increase in value from it's current value? That's not going to happen. A 4-10x increase is more probable. Remember, at 0.005 BTC it's already at 10x the IPO price. If we assume equal profit to AM we get the following numbers:

AM
400,000 shares
2.712 BTC per share.

ActM
25,000,000 shares
62.5x more shares than AM
2.712 BTC / 62.5 = 0.043392 BTC per share

Labcoin
10,000,000 shares
25x more shares than AM
2.712 BTC / 25 = 0.10848 BTC per share

What a poorly thought out pump attempt, didn't even do your research that ken doesnt go by "kenslaughter" but uses "AMC_"

well that needs fixing - what is a chanserv for...

Not him.

ok so...

[22:30] big news tomorrow
[22:36] == kenslaughter [464048bf@gateway/web/freenode/ip.70.64.72.191]
[22:36] ==  realname : S01067cb21b30a7a3.ss.shawcable.net/70.64.72.191
[22:36] ==  channels : #ActiveMining
[22:36] ==  server   : herbert.freenode.net [DE]
[22:36] ==  idle     : 0 days 0 hours 6 minutes 20 seconds [connected: Thu Aug 29 21:25:41 2013]
[22:36] == End of WHOIS

Every single one of your points heavily advised (more than you possibly imagine as Ken will attest to) and some of which are being acted on. We'll keep working on the rest.

The next person to mention the logo is going to get ..... something.

I think it may have got fixed a bit, but not properly. It's still on the very lengthy website to-do list they have from us.

At least we've got rid of a lot of the superfluous store stuff (much more to go) and had the text rewritten.

Please give it another day or two then contact us with bugs or use issues and we'll stack them up and pass them on. There have been so many that we're bound to have missed some.

I think it's pretty clear: a massive div payout would mostly benefit the speculators and short termers, while reinvesting the funds ultimately benefits the company and in turn the long-term shareholders.

That being said, I think the obvious avenue for the board to pursue (who's purpose is to represent long-term shareholders) would be to reinvest the funds.

I think there are several things that need to be addressed at this point:

We need to work on building a solid brand. We need a clean, cool logo. We need completely new website. We need to have a coherent line of products, and market them appropriately to gain some much needed public exposure.

I think those issues should be addressed before other more substantial investments like ordering additional chips, since the company's success depends greatly on those several important things.

But a proper budget for those ideas would still probably leave a great deal of funds left for further investment.

Thinking about what to do with the rest of the coinage, we can ask ourselves, what does ActiveMining do? ActiveMining makes chips for retail sale and it's own mining operation. So then it seems clear that that the funds should be spent on... making chips to sell and use for the mining operation. I don't think it's as simple as just picking up the phone and saying "Moar chipz pls!", but this is definitely by far the most logical use of the freed up funds.

Several weeks ago, we were thinking that these funds were basically lost. Now we can be basically sitting on a pile of liquid coin. I think ActM is in an incredibly good position, provided the funds can be used properly

I made a wee mistake it's not 0.5%, it actually ten time that at 5%.

So that one new share for every 20 you own at current prices.

That's something to do a short while after the eASIC announcement in order to keep the PR ball rolling. You need to keep the press going.

In a related note, can it be shared with us what our status on pre-orders is? As in how many have been made and, if any, refunded?

My vote would absolutely be for reinvestment. Someone did the math earlier that the ~1500btc could translate into 240th/s of chips which at a network hashrate of 10ph/s would be 2.4% of the network and pay itself back in 3-5 months (and be straight profit after that) assuming a less steep difficultly growth 7-8 months from now.

We've moved heaven and earth on that front, but we're only going to get tweaks and bug fixes in the immediate future. We've supplied a very large number of those, particularly to try and make the store less of a clunkfest and to get visitors where they need to go quicker.

Ken wants to keep his current site as he doesn't want to risk changes at the moment,  although he does accept it needs some minor improvement. He definitely has a typical engineer's view of it - he doesn't see the quality of it or how difficult it is to understand and use. He also says customers are happy with the store.

If you have feedback on the current site then send him a PM.

We're in an all out race against serious competitors, who seem to be well ahead in name recognition and sales, and very possibly production. Every single day counts now and, to my knowledge, we don't even have a proper website or visible sales rep.

You may want an extra .5% of shares, but I'm more interested in turning this into an actual functioning company with real products and a real datacenter full of machines hashing away, as soon as humanly possible. I don't think that you appreciate how important time to market is for the overall success of this venture.

Edit: Stuart just mentioned it too... but it can't be stated enough. Time to market will make us or break us.

+1

OK but that would also reduce liquidity and require a re-write of the entire agreement with shareholders. It would just squeeze share supply and as there are no buyers right now it's not guaranteed to raise share price.

I think we need to see what Ken says on this. If he thinks reinvesting the money will speed things up I'll go with that. Again, speed to market is crucial.

It makes each share worth more if they buy them back and retire them.

I haven't looked into the shopping cart too deeply, but the website does seem clunky. Since time is of the essence, has anyone considered using Shopify or something like it to get a modern, simple site up quickly?

I vote for 100% refund and an opportunity to increase the number of shares I own by 0.5%.

We all have our own opinions and logic, I see success in the same time frame regardless of a possible reinvest.

If this stock increases in value forty fold, then those extra 0.5% shares I own will have been bitcoin well spent.