Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 282. (Read 479317 times)

Quote from: canuck on July 19, 2013, 08:21:53 PM

To put it shortly, I've got high hopes for the company and want to improve its online graphic presence, how do I get in contact with Ken?
Cheers!

PM him. He does reply

I think a few people have offered to help on this front so hopefully someone will get to do it.

I've just messaged him now, hopefully I'll hear back soon. I actually did some logo work for Litecoin that you can find on the Litecoin wiki so hopefully that will put me in good stead. I'm not looking to suck thousands of dollars out of the guy, ramen money and something to add to my portfolio for later life will be enough of a reward.

Was it your concept for the semi-transparent card with the Litecoin logo?

The transparent card was just a mockup I used to show one example of how the graphic could be used in a real world situation, but yeah, that was me. I'm also in negotiations with the Litecoin dev team now about possibly redesigning their official logo which suffers from the same slightly out-dated look as the VMC logo.

lolstate

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Quote from: ArcticWolf on July 19, 2013, 08:19:26 PM

Quote from: hazryder on July 19, 2013, 08:13:54 PM

Quote from: ArcticWolf on July 19, 2013, 08:19:26 PM

Wait a minute. Didn't this SNAFU happen with the original IPO for AMC with the original shares going for 0.0005, rising to 0.0008, and then a bunch of shares being dumped at 0.0005 again?

Yeah basically people don't read contracts and get all pissy when an asset issuer exercises their rights that are rather explicitly explained within said contract.

All water under the bridge now though...or at least that's what you'd think. ha.

Just because you can do something doesn't mean you should do it. Hopefully Ken will reconsider listing these new shares, or at least list them at a higher price (0.0028) to make up for all the people who bought at 26 or 27 thinking that the 25 wall was done for good.

Again, Ken wanted to release at market price, but the contract stated that the second lot of shares would be released at 0.0005. He was contractually obligated to release at 0.0005. Investors got upset because they didnt read the contract.

He wasn't contractually obligated to release at .0005; he was contractually obligated to release at no less than 0.0005 when the AMC structure was in place.

That Bitfunder took such a heavy hand with Ken only made things worse. It's frustrating to see the peanut gallery actually hold any sway in such matters and worse still to see that their caterwauling achieved anything.

Ya, that was my take, too.

canuck

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Quote from: hazryder on July 19, 2013, 08:13:54 PM

Quote from: hazryder on July 19, 2013, 08:13:54 PM

Wait a minute. Didn't this SNAFU happen with the original IPO for AMC with the original shares going for 0.0005, rising to 0.0008, and then a bunch of shares being dumped at 0.0005 again?

Yeah basically people don't read contracts and get all pissy when an asset issuer exercises their rights that are rather explicitly explained within said contract.

All water under the bridge now though...or at least that's what you'd think. ha.

Just because you can do something doesn't mean you should do it. Hopefully Ken will reconsider listing these new shares, or at least list them at a higher price (0.0028) to make up for all the people who bought at 26 or 27 thinking that the 25 wall was done for good.

Again, Ken wanted to release at market price, but the contract stated that the second lot of shares would be released at 0.0005. He was contractually obligated to release at 0.0005. Investors got upset because they didnt read the contract.

He wasn't contractually obligated to release at .0005; he was contractually obligated to release at no less than 0.0005 when the AMC structure was in place.

That Bitfunder took such a heavy hand with Ken only made things worse. It's frustrating to see the peanut gallery actually hold any sway in such matters and worse still to see that their caterwauling achieved anything.

ArcticWolf

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Quote from: hazryder on July 19, 2013, 08:07:30 PM

Wait a minute. Didn't this SNAFU happen with the original IPO for AMC with the original shares going for 0.0005, rising to 0.0008, and then a bunch of shares being dumped at 0.0005 again?

Yeah basically people don't read contracts and get all pissy when an asset issuer exercises their rights that are rather explicitly explained within said contract.

All water under the bridge now though...or at least that's what you'd think. ha.

Just because you can do something doesn't mean you should do it. Hopefully Ken will reconsider listing these new shares, or at least list them at a higher price (0.0028) to make up for all the people who bought at 26 or 27 thinking that the 25 wall was done for good.

Again, Ken wanted to release at market price, but the contract stated that the second lot of shares would be released at 0.0005. He was contractually obligated to release at 0.0005. Investors got upset because they didnt read the contract.

lolstate

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Quote from: ffssixtynine on July 19, 2013, 07:53:04 PM

To put it shortly, I've got high hopes for the company and want to improve its online graphic presence, how do I get in contact with Ken?
Cheers!

PM him. He does reply

I think a few people have offered to help on this front so hopefully someone will get to do it.

I've just messaged him now, hopefully I'll hear back soon. I actually did some logo work for Litecoin that you can find on the official litecoin.org site so hopefully that will put me in good stead. I'm not looking to suck thousands of dollars out of the guy, ramen money and something to add to my portfolio for later life will be enough of a reward.

Was it your concept for the semi-transparent card with the Litecoin logo?

hazryder

full member

Activity: 208

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Wait a minute. Didn't this SNAFU happen with the original IPO for AMC with the original shares going for 0.0005, rising to 0.0008, and then a bunch of shares being dumped at 0.0005 again?

Yeah basically people don't read contracts and get all pissy when an asset issuer exercises their rights that are rather explicitly explained within said contract.

All water under the bridge now though...or at least that's what you'd think. ha.

Just because you can do something doesn't mean you should do it. Hopefully Ken will reconsider listing these new shares, or at least list them at a higher price (0.0028) to make up for all the people who bought at 26 or 27 thinking that the 25 wall was done for good.

ArcticWolf

full member

Activity: 196

Merit: 100

Wait a minute. Didn't this SNAFU happen with the original IPO for AMC with the original shares going for 0.0005, rising to 0.0008, and then a bunch of shares being dumped at 0.0005 again?

Yeah basically people don't read contracts and get all pissy when an asset issuer exercises their rights that are rather explicitly explained within said contract.

All water under the bridge now though...or at least that's what you'd think. ha.

From what I understand on that issue it was actually the exchange owner that made Ken put forth the new shares at 0.0005 as it stated in the contract

canuck

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Quote from: ffssixtynine on July 19, 2013, 07:53:04 PM

Wait a minute. Didn't this SNAFU happen with the original IPO for AMC with the original shares going for 0.0005, rising to 0.0008, and then a bunch of shares being dumped at 0.0005 again?

Yeah basically people don't read contracts and get all pissy when an asset issuer exercises their rights that are rather explicitly explained within said contract.

All water under the bridge now though...or at least that's what you'd think. ha.

hazryder

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Activity: 208

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Quote from: Technologov on July 19, 2013, 07:47:43 PM

To put it shortly, I've got high hopes for the company and want to improve its online graphic presence, how do I get in contact with Ken?
Cheers!

PM him. He does reply

I think a few people have offered to help on this front so hopefully someone will get to do it.

I've just messaged him now, hopefully I'll hear back soon. I actually did some logo work for Litecoin that you can find on the Litecoin wiki site so hopefully that will put me in good stead. I'm not looking to suck thousands of dollars out of the guy, ramen money and something to add to my portfolio for later life will be enough of a reward.

ffssixtynine

sr. member

Activity: 364

Merit: 250

<-- Would like to become a director.
I'm investor and shareholder myself, holding a large position.
Have knowledge about money and Open-Source technology. Talented and has good ideas.
And, in fact, I have recruited 2 of my friends to invest in this endeavor also.

What kind of time commitments will it require ?
Are there legal liabilities ?

We can only make suggestions as it's completely up to Ken.

The first task would be to persuade him it's a priority and that it will make his life easier in the immediate future. He may already have a plan that involves existing colleagues or major investors we don't know about.

At least some of the board need to have taken strong shareholding positions and all should be independent of ken and activeminer in all other ways. Time and legalities I don't know.

Since this would probably not a shareholding based board (since that was never advertised) it may be that a small shareholding is made available to each director contingent upon time served etc. Although some or all would do it free, nothing concentrates the mind more than having a real vested interest, and it certainly helps when putting time aside for a smaller investor.

Let us not forget, bitcoin fans or not, that this is a multi million dollar commercial venture.

If it were to be a shareholding based board then this would be irrelevant as their holdings would be sufficiently high to be of paramount importance individually.

Rawted

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Quote from: ?? on ??

Quote from: Rawted on July 19, 2013, 07:41:31 PM

Ken, you still have not answered one very important question. Why did you release more shares and undercut the market?

He has already done so and promised to do it again:

Quote from: kslaughter on July 19, 2013, 06:21:31 PM

I will be posting 400,000 shares on BTC-TC @ .0025 and 100,000 shares on bitfunder @ .0025 sometime this weekend after the market has time to breath from the resent sales.

Where in there do you see the answer to the question 'Why'?

Thalum

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Activity: 49

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Wait a minute. Didn't this SNAFU happen with the original IPO for AMC with the original shares going for 0.0005, rising to 0.0008, and then a bunch of shares being dumped at 0.0005 again?

ffssixtynine

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Activity: 364

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Quote from: VolanicEruptor on July 19, 2013, 07:50:22 PM

To put it shortly, I've got high hopes for the company and want to improve its online graphic presence, how do I get in contact with Ken?
Cheers!

PM him. He does reply

I think a few people have offered to help on this front so hopefully someone will get to do it.

hazryder

full member

Activity: 208

Merit: 100

What's the best way to get in touch with Ken? I'm a part time graphic designer (full time student) who'd be very interested in doing some work for free or a low negotiable fee paid in shares in regards to the VMC logo and website. Whilst I think that Activemining is a great company, great enough in fact for me to own a substantial amount of shares in, I feel the graphic side of our online presence is lacking the professionalism and polish we need to become more successful.

I'm a reasonably successful seller on the Graphic River marketplace and have also done some official work for Litecoin, which can be seen at my portfolio.

To put it shortly, I've got high hopes for the company and want to improve its online graphic presence, how do I get in contact with Ken?

Cheers!

Hey Ken, better put up another wall of 300,000 shares to pay for a better logo!

Haha I wish, 300K shares would pay my student debt off twice over! I'm willing to work for ramen money, with the main focus on expanding my design portfolio.

I'll send Ken a PM and hopefully he'll be interested.

ffssixtynine

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Activity: 364

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The board has to provide balance and experience. It would be reported to even tho it would be advisory only; it's ken's company. It has to look at things as critically as it does positively.

It has to represent shareholders interests and has to get answers to hard questions. It has to respect confidentiality and professionality. It has to give Ken the support he needs.

At this point I think it'd help a great deal as long as it's used correctly and has the right make-up.

I have to say that I don't know the best details - maybe some lessons from Asicminer here?

VolanicEruptor

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Quote from: ffssixtynine on July 19, 2013, 07:24:20 PM

What's the best way to get in touch with Ken? I'm a part time graphic designer (full time student) who'd be very interested in doing some work for free or a low negotiable fee paid in shares in regards to the VMC logo and website. Whilst I think that Activemining is a great company, great enough in fact for me to own a substantial amount of shares in, I feel the graphic side of our online presence is lacking the professionalism and polish we need to become more successful.

I'm a reasonably successful seller on the Graphic River marketplace and have also done some official work for Litecoin, which can be seen at my portfolio.

To put it shortly, I've got high hopes for the company and want to improve its online graphic presence, how do I get in contact with Ken?

Cheers!

Hey Ken, better put up another wall of 300,000 shares to pay for a better logo!

lolstate

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Quote from: pneumatic5 on July 19, 2013, 07:18:39 PM

ffssixtynine is right, we need that board of directors ASAP. It'll relieve some stress from you ken, and get the community more involved. As you said, if you are succesful, your investors are successful, it should also be vice versa. Some people check on this thread every 45 minutes (like me) or even in shorter intervals and are deeply vested in the outcome of ActM. Have them deal with the constant barrage of repeated questions, and filter out the legitimate questions and convey those to you.

Vbs and street have played a decent role in this ipo IMHO. They would be a start, if interested.

+1

afrotec

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