Some of you guys need to either not be doing this or accept the risks of trading, especially short term.
The thread is like this: http://www.youtube.com/watch?feature=player_embedded&v=Tyooy0SvPlY
re: Share tendering
It is not there so you can make a profit, it is there in fairness to the original AMC shareholders. If you've tendered shares, they'll be transferred. If you get the email in before the deadline, they'll be done. You can't expect them to be Ken's priority. As a long term shareholder I'm glad they aren't. I've transferred a number of shares fine (and within 48 hours), it's only this weekend's which are taking a while. As Streets posted, Ken is on the road.
re: Board
As the original guy who called for one and as the guy who said 'in a few months' was not good enough, I feel qualified to comment on this. It will take several weeks to sort a board out. There are any number of things that have to be worked out and we all know that Ken has to get the deal finished and paid for before he has time to do anything. You don't just ad hoc 'make a board'. That would be a stupid mistake to compound previous mistakes.
re: Share price movements
This is all down to speculators and other IPOs. It is irrelevant for Ken or ActiveMiner who are now actually trying to conduct the business the original investors invested in. That price is going to bounce around like mad given other IPOs, Bitcoin price movements, Satoshi Dice, and so on. It is not moving whatsoever based upon news or non news from ActiveMiner. If you need to be calmed then read the news post from last week or don't watch the market price every minute. I expect much more of this over the next 3 months.
re: News updates
We need regular news updates but we've already been told when to expect the next update. If something important happens before then, I expect to be told, but unless that does then expect no news before a week on Friday.
re: Evidence this is real
Several people here have been conducting their own due diligence, including me (as one of the bigger, newer critics around IPO time). I have even spoken to Ken myself, as have others. Whilst an eASIC press release is what I'm really looking for, I am satisfied this is real. However, I retain overall concerns over securities legislation and all such offerings/exchanges. I am still quantifying that risk somewhat.
In summary, you need to look at your investment choices if you're struggling with the price volatility. My first experience in Bitcoin taught me that day trading is stressful, difficult, and not for me. And if you don't believe this is real then don't invest. Conversely, those who do invest should understand the risk they are taking.
The thread is like this: http://www.youtube.com/watch?feature=player_embedded&v=Tyooy0SvPlY
re: Share tendering
It is not there so you can make a profit, it is there in fairness to the original AMC shareholders. If you've tendered shares, they'll be transferred. If you get the email in before the deadline, they'll be done. You can't expect them to be Ken's priority. As a long term shareholder I'm glad they aren't. I've transferred a number of shares fine (and within 48 hours), it's only this weekend's which are taking a while. As Streets posted, Ken is on the road.
re: Board
As the original guy who called for one and as the guy who said 'in a few months' was not good enough, I feel qualified to comment on this. It will take several weeks to sort a board out. There are any number of things that have to be worked out and we all know that Ken has to get the deal finished and paid for before he has time to do anything. You don't just ad hoc 'make a board'. That would be a stupid mistake to compound previous mistakes.
re: Share price movements
This is all down to speculators and other IPOs. It is irrelevant for Ken or ActiveMiner who are now actually trying to conduct the business the original investors invested in. That price is going to bounce around like mad given other IPOs, Bitcoin price movements, Satoshi Dice, and so on. It is not moving whatsoever based upon news or non news from ActiveMiner. If you need to be calmed then read the news post from last week or don't watch the market price every minute. I expect much more of this over the next 3 months.
re: News updates
We need regular news updates but we've already been told when to expect the next update. If something important happens before then, I expect to be told, but unless that does then expect no news before a week on Friday.
re: Evidence this is real
Several people here have been conducting their own due diligence, including me (as one of the bigger, newer critics around IPO time). I have even spoken to Ken myself, as have others. Whilst an eASIC press release is what I'm really looking for, I am satisfied this is real. However, I retain overall concerns over securities legislation and all such offerings/exchanges. I am still quantifying that risk somewhat.
In summary, you need to look at your investment choices if you're struggling with the price volatility. My first experience in Bitcoin taught me that day trading is stressful, difficult, and not for me. And if you don't believe this is real then don't invest. Conversely, those who do invest should understand the risk they are taking.
Agree with the things you posted, just because someone is playing the stock-game with this highly volatile stock doesn't mean its background is as volatile as the price movements.
With the transfers: Be patient! Something like this takes time...Maybe Ken does them in alphabetical order, since I am waiting for over 3 weeks right now and my BF acc name is located in the last few letters of the alphabet
But since these are just a few shares of my whole stock, it's ok for me...on the other hand, if these were all my shares and I wanted to trade them on a daily basis, I would be a little bit more jumpy about this situation.So hold your horses, trade if you want to, but be aware of the risk you are taking if somebody scoops up your shares or BTC in the process.
