Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 196. (Read 479317 times)

No, postponing something is not the same as telling lies. Saying you will do something when you know you can't possibly do it because you will be too busy doing something else is telling lies though.

How could Ken have possibly transferred the shares end of business day Friday if he knew he would be away on business, wouldn't be able to access the account and was scheduled to arrive back home after the end of business day Friday? He couldn't. Therefore, what he said was a lie.

I disagree.

I think mabshark's points are pretty much spot on, and i'm honestly shocked that everyone is fighting him/her tooth and nail.

Let's not forget this is Ken, the guy that undercut his investors multiple times, has missed just about every single deadline, and has been caught in several 'small lies'. It's not like this company has been the pinnacle of performance and efficiency. Christ, we can't even get someone to post news updates on the same goddamn exchanges the shares are trading on (which blows my mind, as it's literally a 10 second thing). We have 3 people in the slaughter family working as what is essentially the management division, and not a single one can do some PR? It's been a month and there's still no board. Dividends were paid out yesterday, interest started to rise, great time to post about your successful trip to easic and provide an update on btct (which hasnt been done in 2 weeks); or you can not do anything like usual and watch the stock tank again.

I sure hope Ken is proficient on the hardware side of things, because everything else is a complete clusterfuck, and every single one of you 'yes men' are doing nothing more than allowing it to continue to happen.

Postponing something is not the same as lying.  We actually want him to postpone minor things like that so that he can take care of what's important.  So again, we don't care.  You are wasting a lot of effort trying to convince us to care.

Ken has proven to have lied on multiple occasions now with regards to this share transfer issue. That's a fact and will remain a fact whether you choose to believe it or not.

Monday 29th of July: I will be working on getting all the transfers completed tomorrow.
Wednesday 31st of July: I am planning on having all of the tendered shares in AMC-TENDER out the door by end of business Friday along with dividends after the transfer.
Friday 2nd of August: Due to the fact that I just got in from our business trip to eAsic and our Engineers, I will be transferring shares as soon as possible.

Given his timetable, it simply wasn't possible for him to make the transfer when he said he would. That's telling lies, rather than simply poor judgement on his part. The fact is that he wilfully lied to investors. This is not the only time he has screwed over investors. Perhaps you should look into him undercutting the market by selling shares at 0.0005 BTC when the market price was 0.0009 BTC and once again by selling shares for 0.0025 BTC when the market price was 0.0034 BTC.

Ken is no saint, no genius and no PR guru. The path to this point has been incredibly wonky and nearly led off a cliff on a few occasions. It's only gotten to this point because investors were willing to call Ken out when he was acting against their interests. Telling lies to investors and withholding their shares for this long is clearly acting against their interests and he fully deserves to be called out for it. That's how problems get dealt with, not by burying your head in the sand and hoping they just sort themselves out.

Let me set you straight on this. The real problem is not that Ken still hasn't transferred my shares, that's annoying but acceptable given the circumstances. The problem is that Ken is willing to lie to investors.

No, you are not, I'm in the same boat and just as pissed as you are.
I'm waiting for almost 2 weeks now on the tendering of my shares. I've watched the value spike to 0.008+ and fall down to half again, missing 2 dividends, having no control of my shares in the meantime. All of you who are talking this problem down, how would you think you'd feel if that was you?

The most fucked up thing is that I could read reports here from people who send their shares to AMC-TENDER way after me, and those were tendered.

Yes, I have sent the email, and I have PM'd Ken.

This is the only time I will engage you directly on these forums Mabsark and it's for the specific purpose of ensuring that you understand this:

There is no fiasco regarding share tendering. You are a loud individual and that is all this "fiasco" is. If there is a real problem, which many are doubting at this point since the vast majority of share tenderings have been handled just fine, including people who did have some fringe scenario - me being among them, you should be able to resolve it like the rest of us did. The majority of us here do not believe Ken is a liar. If you do you stand as a very small minority in this thread and in the ActiveMining community.

Do not deceive yourself into thinking you've convinced anyone that there is some major crises going on here. There is not and nearly all of us know this.

/ignore 

Thanks for the rational response instead of just pointing at me and laughing like Nelson Muntz. I've just realised that the majority of the people telling me to keep quiet, etc, are new forum accounts with very few posts. So, if they're not sock puppets or pumpers, they're likely unaware of the drama that has played out since the IPO when the share price was 0.0005 BTC.

While these lies are only little white lies, it simply doesn't bode well that the CEO is willing to tell them to investors. You don't instil confidence in your company by getting caught out telling lies. I've repeatedly pointed out that this whole mess would have been avoided if Ken was truthful from the start and said that he wouldn't be able to transfer shares till today or even tomorrow.

I really hope he learns a lesson from this fiasco. Be truthful with investors, even if that truth is something they don't want to hear.

I have no problem with it, as it seems minor to me, but your whole post is still valid. Criticism leads to improvements and I don't think it is bad to let Ken know, what you or other shareholders might expect. This gives him a broader picture and the IPO process has shown that communication is key and does result in a positive outcome for everyone.

+10

Agreed, Ignore Mabsark the trolling troll.  Lewicki's link to forum filibustering is quite informative.
EDIT to add Lewicki's link: http://www.youtube.com/watch?v=ZSFDm3UYkeE&feature=youtu.be&t=11m30s

The only person who could possibly help is Ken. All you guys are doing with your victim blaming and dismissal of the truth is pouring petrol on flames.

+1
 we all tried to help but hes too far gone now..

Seriously... Do none of you know how to use the IGNORE button on this forum?

You keep adding fuel to this guys troll flame by addressing his reactionary dribble.

IGNORE HIM ALREADY.

I don't need a pat of the head from you. I don't crave the attention of others. Your opinion of me is completely irrelevant to me. Ken has brought these "attacks" on himself through his repeated lies and ineptitude. All I want is my bloody shares which Ken has repeatedly lied about transferring and I'll change the fucking record when I get them.

You think I'm intentionally trying to harm the company I've invested in? If any harm comes to the company over this, that is entirely Ken's fault, nobody else's. Ken is the one who is telling lies to investors and withholding their shares, not me. Those of us who are still waiting for our shares are the victims of Ken's ineptitude.

You know what doesn't help? You sycophants keep jumping in to defend Ken and try and shift the blame on to the victims, pretending that a CEO telling lies to investors is nothing to worry about. That just makes me more angry and makes me make another post like this.

Get this through your thick skull, Ken is telling lies to investors. Am I really the only person here that has a problem with that? If he is willing to tell lies about when these shares will be transferred, then it should be obvious to you that he will be willing to tell lies over other things. Do you want to see ActM turn into BFL? That's the only place I see it headed with a pathological liar in charge.

Ken has screwed his investors over multiple times now. Twice by releasing shares at way under market value and now this farce with share transfers. I've been caught in all 3 of those situations. If this company is a success, it will despite Ken, not because of him. That success should be attributed to investors who called Ken out on his bullshit and forced him to change things. Now he's falling back into his old habit of telling lies and cheating and needs a kick up the arse to put him on the straight and narrow again.

Instead of jumping in to defend him, ask him why he telling these stupid lies when the actual truth would have been grudgingly accepted. I may not have liked being told that I had to wait till today or tomorrow to get my shares. I would have accepted that and none of these posts would have been made. But Ken decided to tell a pack of lies instead. Repeatedly. These posts are simply the result of those lies and wouldn't exist if Ken was truthful and honest with investors.

Change the record Mab.  It really is getting tiresome.  No-one here is on your side over your issues and that is because of the way you have handled things.  What a mistake.

People really do see you as whinning and crying like an immature school boy.  You have brought that upon yourself by your repeated attacks on Ken and your choice of language.

I tried to mediate and create an opportunity for you to start with a clean sheet, but that was a mistake on my part.

I'm starting to think that you are intentionally trying to harm this company.

You are officially off my Christmas card list.  

Exchanging a large amount of btc for fiat can be a lengthy process, personally Id prefer to see that $5k go to either getting the NRE paid quicker, or go toward buying more of the completed chips and getting more miners operational quicker, meaning a bigger dividend in the long run.

Talking of that $5000 bribe, what's happening with it? That's about 50 BTC.

50 / 10,000,000 = 0.000005 BTC

Div payout was 0.00000574 BTC so it wasn't included in that. Will it be included in next week's divs?

I haven't got 10 shares waiting to be tendered, I have 2845. Now that may be a drop in the ocean compared to the 120,000 you bribed Ken with $5000 to transfer form one exchange to another, while bragging about how many shares you own and asking people to praise you because of that, but it's a lot to me. Ken's too busy to transfer our shares when he said he would but he sure made time for you when you slapped him in the face with $5000.

Ken has thousands of our shares. You may not care, but I do, and I'm not the only one.

Transferring shares can be postponed without any harm to the majority of us.  In other words, we don't care.
All we care about are his dealings with eASIC and the engineers. 
We do not care about your 10 shares not being tendered in time.

Saturday: I'll transfer shares in 24-48 hours.
Tuesday: I'll transfer shares on Wednesday.
Wednesday: I'll transfer shares on Friday.
Friday: I'll transfer shares as soon as possible.

This Yank is starting to sound like a certain other Yank. I'd say that's reason to freak out.