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Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 287. (Read 479317 times)

full member
Activity: 196
Merit: 100
without information about where his walls are, he could easily sell shares for Ferrari funding rather than expense funding, and we would still think he needs more.
we need more transparency NOW, or I'm out.  You have 1 hour..

@VolanicEruptor Go ahead and jump out, the last time you did that it cost you plenty.

VE's calls for transparency are not unwarranted and entering into chest thumping contests with significant investors is a poor PR move that will hurt the entire company

I have been very transparent.  I have said that we are issuing 500,000 more shares.  These will be spread between bitfunder and BTC-TC.  This is less than we had posted at first after the price of bitcoin went down to around $68.  At that point we added 1M shares, 500,000 on bitfunder and 500,000 on BTC-TC for a total of 4M shares, however because of the flippers bitfunder shares were not selling, so the wall was taken down after a post here.  Now that bitcoin has gone up we can sell less total shares which we are doing.

I think what they are saying is that though it is transparent on what you are doing, it is still the 'what' and not the 'why' that is being communicated

A CEO doesn't have to explain himself every 10 minutes to complete strangers (and fakes) like Floates, STS, Eskimo etc.

The NRE is raised. The IPO is over. Some small expenses remain to be gathered. We can safely ignore people like Eskimo and try and identify genuine share holders with genuine concerns and take all steps necessary to reassure them. Floates, STS, Eskimo etc are trying to drive a wedge between a very successful start up (ActM) and its legimitimate long term share holders.

I still can't get over that 'Caveat Emptor'. Cheesy Cheesy Cheesy

Believe me, I am not denying this fact.  This is definitely a different world in this community, which is why I have stated a board of members or a PR individual or staff is required now.  I have been trying my best to fill that void, because we are all in this together, tied by our Bitcoin.

When I speak of the why they request, it is simply that, an understanding as to this 500k wall now going up.  I understand why it is going up, lolstate you understand why it is going up.  For one, Active Mining owns most of those AMC shares on Bitfunder.  All the numbers being tossed around are not exact because of the merger and the shut down on both exchanges of AMC.  The fact is, less than 10 million shares are issued, and until those 10 million shares are issued, they will be released.  Im not going to say whether now or later, in chunks or in bulk is the smartest idea, because I haven't thought it through yet.  But it remains, those shares are going to be issued, if you understand this fact, then you will see that it is smart to buy now rather than when share price is 0.0035+

Secondly, it was stated before that the expenses for the machines being built, which was documented and the links are on my first post of the overview thread, were needed.  The IPO is over, the NRE is complete, would you rather have Ken release those shares available to his shareholders (us) at a low rate of 0.0028 or 0.035+ (which is where I see this going)?

At this stage, mistakes and smart moves included, we are 99% done. So I say sell everything now that can be sold because in a week's time this will all be forgotten.
full member
Activity: 196
Merit: 100
without information about where his walls are, he could easily sell shares for Ferrari funding rather than expense funding, and we would still think he needs more.
we need more transparency NOW, or I'm out.  You have 1 hour..

@VolanicEruptor Go ahead and jump out, the last time you did that it cost you plenty.

VE's calls for transparency are not unwarranted and entering into chest thumping contests with significant investors is a poor PR move that will hurt the entire company

I have been very transparent.  I have said that we are issuing 500,000 more shares.  These will be spread between bitfunder and BTC-TC.  This is less than we had posted at first after the price of bitcoin went down to around $68.  At that point we added 1M shares, 500,000 on bitfunder and 500,000 on BTC-TC for a total of 4M shares, however because of the flippers bitfunder shares were not selling, so the wall was taken down after a post here.  Now that bitcoin has gone up we can sell less total shares which we are doing.

I think what they are saying is that though it is transparent on what you are doing, it is still the 'what' and not the 'why' that is being communicated

A CEO doesn't have to explain himself every 10 minutes to complete strangers (and fakes) like Floates, STS, Eskimo etc.

The NRE is raised. The IPO is over. Some small expenses remain to be gathered. We can safely ignore people like Eskimo and try and identify genuine share holders with genuine concerns and take all steps necessary to reassure them. Floates, STS, Eskimo etc are trying to drive a wedge between a very successful start up (ActM) and its legimitimate long term share holders.

I still can't get over that 'Caveat Emptor'. Cheesy Cheesy Cheesy

and the name calling begins. Seen it all

One time, I saw a CEO get early investors on as "Directors", and then if the directors asked too many questions, he would proclaim to everyone on the email list that those directors were liar hackers and that any email from them would contain a virus. Also would "kick out" the director and keep their shares, or the value of them

There is no name calling to be done. FUD lost. You lost. Move on to another stomping ground.  Cheesy Cheesy Cheesy

okay then, no name calling, I don't actually know what a "fake" is in this context. Just assumed it was a derogatory term  Roll Eyes

Highly derogatory. Stop playing games, you have been called out.
hero member
Activity: 546
Merit: 500
without information about where his walls are, he could easily sell shares for Ferrari funding rather than expense funding, and we would still think he needs more.
we need more transparency NOW, or I'm out.  You have 1 hour..

@VolanicEruptor Go ahead and jump out, the last time you did that it cost you plenty.

VE's calls for transparency are not unwarranted and entering into chest thumping contests with significant investors is a poor PR move that will hurt the entire company

I have been very transparent.  I have said that we are issuing 500,000 more shares.  These will be spread between bitfunder and BTC-TC.  This is less than we had posted at first after the price of bitcoin went down to around $68.  At that point we added 1M shares, 500,000 on bitfunder and 500,000 on BTC-TC for a total of 4M shares, however because of the flippers bitfunder shares were not selling, so the wall was taken down after a post here.  Now that bitcoin has gone up we can sell less total shares which we are doing.

I think what they are saying is that though it is transparent on what you are doing, it is still the 'what' and not the 'why' that is being communicated

A CEO doesn't have to explain himself every 10 minutes to complete strangers (and fakes) like Floates, STS, Eskimo etc.

The NRE is raised. The IPO is over. Some small expenses remain to be gathered. We can safely ignore people like Eskimo and try and identify genuine share holders with genuine concerns and take all steps necessary to reassure them. Floates, STS, Eskimo etc are trying to drive a wedge between a very successful start up (ActM) and its legimitimate long term share holders.

I still can't get over that 'Caveat Emptor'. Cheesy Cheesy Cheesy

and the name calling begins. Seen it all

One time, I saw a CEO get early investors on as "Directors", and then if the directors asked too many questions, he would proclaim to everyone on the email list that those directors were liar hackers and that any email from them would contain a virus. Also would "kick out" the director and keep their shares, or the value of them

There is no name calling to be done. FUD lost. You lost. Move on to another stomping ground.  Cheesy Cheesy Cheesy

okay then, no name calling, I don't actually know what a "fake" is in this context. Just assumed it was a derogatory term  Roll Eyes
full member
Activity: 490
Merit: 101
FRX: Ferocious Alpha
without information about where his walls are, he could easily sell shares for Ferrari funding rather than expense funding, and we would still think he needs more.
we need more transparency NOW, or I'm out.  You have 1 hour..

@VolanicEruptor Go ahead and jump out, the last time you did that it cost you plenty.

VE's calls for transparency are not unwarranted and entering into chest thumping contests with significant investors is a poor PR move that will hurt the entire company

I have been very transparent.  I have said that we are issuing 500,000 more shares.  These will be spread between bitfunder and BTC-TC.  This is less than we had posted at first after the price of bitcoin went down to around $68.  At that point we added 1M shares, 500,000 on bitfunder and 500,000 on BTC-TC for a total of 4M shares, however because of the flippers bitfunder shares were not selling, so the wall was taken down after a post here.  Now that bitcoin has gone up we can sell less total shares which we are doing.

I think what they are saying is that though it is transparent on what you are doing, it is still the 'what' and not the 'why' that is being communicated

A CEO doesn't have to explain himself every 10 minutes to complete strangers (and fakes) like Floates, STS, Eskimo etc.

The NRE is raised. The IPO is over. Some small expenses remain to be gathered. We can safely ignore people like Eskimo and try and identify genuine share holders with genuine concerns and take all steps necessary to reassure them. Floates, STS, Eskimo etc are trying to drive a wedge between a very successful start up (ActM) and its legimitimate long term share holders.

I still can't get over that 'Caveat Emptor'. Cheesy Cheesy Cheesy

Believe me, I am not denying this fact.  This is definitely a different world in this community, which is why I have stated a board of members or a PR individual or staff is required now.  I have been trying my best to fill that void, because we are all in this together, tied by our Bitcoin.

When I speak of the why they request, it is simply that, an understanding as to this 500k wall now going up.  I understand why it is going up, lolstate you understand why it is going up.  For one, Active Mining owns most of those AMC shares on Bitfunder.  All the numbers being tossed around are not exact because of the merger and the shut down on both exchanges of AMC.  The fact is, less than 10 million shares are issued, and until those 10 million shares are issued, they will be released.  Im not going to say whether now or later, in chunks or in bulk is the smartest idea, because I haven't thought it through yet.  But it remains, those shares are going to be issued, if you understand this fact, then you will see that it is smart to buy now rather than when share price is 0.0035+

Secondly, it was stated before that the expenses for the machines being built, which was documented and the links are on my first post of the overview thread, were needed.  The IPO is over, the NRE is complete, would you rather have Ken release those shares available to his shareholders (us) at a low rate of 0.0028 or 0.035+ (which is where I see this going)?
full member
Activity: 196
Merit: 100
without information about where his walls are, he could easily sell shares for Ferrari funding rather than expense funding, and we would still think he needs more.
we need more transparency NOW, or I'm out.  You have 1 hour..

@VolanicEruptor Go ahead and jump out, the last time you did that it cost you plenty.

VE's calls for transparency are not unwarranted and entering into chest thumping contests with significant investors is a poor PR move that will hurt the entire company

I have been very transparent.  I have said that we are issuing 500,000 more shares.  These will be spread between bitfunder and BTC-TC.  This is less than we had posted at first after the price of bitcoin went down to around $68.  At that point we added 1M shares, 500,000 on bitfunder and 500,000 on BTC-TC for a total of 4M shares, however because of the flippers bitfunder shares were not selling, so the wall was taken down after a post here.  Now that bitcoin has gone up we can sell less total shares which we are doing.

I think what they are saying is that though it is transparent on what you are doing, it is still the 'what' and not the 'why' that is being communicated

A CEO doesn't have to explain himself every 10 minutes to complete strangers (and fakes) like Floates, STS, Eskimo etc.

The NRE is raised. The IPO is over. Some small expenses remain to be gathered. We can safely ignore people like Eskimo and try and identify genuine share holders with genuine concerns and take all steps necessary to reassure them. Floates, STS, Eskimo etc are trying to drive a wedge between a very successful start up (ActM) and its legimitimate long term share holders.

I still can't get over that 'Caveat Emptor'. Cheesy Cheesy Cheesy

and the name calling begins. Seen it all

One time, I saw a CEO get early investors on as "Directors", and then if the directors asked too many questions, he would proclaim to everyone on the email list that those directors were liar hackers and that any email from them would contain a virus. Also would "kick out" the director and keep their shares, or the value of them

There is no name calling to be done. FUD lost. You lost. Move on to another stomping ground.  Cheesy Cheesy Cheesy
full member
Activity: 196
Merit: 100
without information about where his walls are, he could easily sell shares for Ferrari funding rather than expense funding, and we would still think he needs more.
we need more transparency NOW, or I'm out.  You have 1 hour..

@VolanicEruptor Go ahead and jump out, the last time you did that it cost you plenty.

VE's calls for transparency are not unwarranted and entering into chest thumping contests with significant investors is a poor PR move that will hurt the entire company

I have been very transparent.  I have said that we are issuing 500,000 more shares.  These will be spread between bitfunder and BTC-TC.  This is less than we had posted at first after the price of bitcoin went down to around $68.  At that point we added 1M shares, 500,000 on bitfunder and 500,000 on BTC-TC for a total of 4M shares, however because of the flippers bitfunder shares were not selling, so the wall was taken down after a post here.  Now that bitcoin has gone up we can sell less total shares which we are doing.

And that is wonderful news that you are sharing less, but what I would like to know is the price points at which you are selling the shares. I don't know how much of a difference it makes to us investors, but I would like to know which asks on the exchanges are yours and which are undercutters. Did you put up the ~90k and ~120k walls on btct? Of the additional 500k that are going on btct, how many have still not been placed as "asks"?

As an aside, please do not take any of what I say is attacks; it's just that whenever I have any significant (to me) amount of btc invested in a venture I try to stay as aware of the market as I can. I very much want this venture to succeed!

For example this guy Ozymandias ^^^ strikes me as the real deal, a genuinely concerned citizen, if you will. Unlike STS et al.
hero member
Activity: 546
Merit: 500
without information about where his walls are, he could easily sell shares for Ferrari funding rather than expense funding, and we would still think he needs more.
we need more transparency NOW, or I'm out.  You have 1 hour..

@VolanicEruptor Go ahead and jump out, the last time you did that it cost you plenty.

VE's calls for transparency are not unwarranted and entering into chest thumping contests with significant investors is a poor PR move that will hurt the entire company

I have been very transparent.  I have said that we are issuing 500,000 more shares.  These will be spread between bitfunder and BTC-TC.  This is less than we had posted at first after the price of bitcoin went down to around $68.  At that point we added 1M shares, 500,000 on bitfunder and 500,000 on BTC-TC for a total of 4M shares, however because of the flippers bitfunder shares were not selling, so the wall was taken down after a post here.  Now that bitcoin has gone up we can sell less total shares which we are doing.

I think what they are saying is that though it is transparent on what you are doing, it is still the 'what' and not the 'why' that is being communicated

A CEO doesn't have to explain himself every 10 minutes to complete strangers (and fakes) like Floates, STS, Eskimo etc.

The NRE is raised. The IPO is over. Some small expenses remain to be gathered. We can safely ignore people like Eskimo and try and identify genuine share holders with genuine concerns and take all steps necessary to reassure them. Floates, STS, Eskimo etc are trying to drive a wedge between a very successful start up (ActM) and its legimitimate long term share holders.

I still can't get over that 'Caveat Emptor'. Cheesy Cheesy Cheesy

and the name calling begins. Seen it all

One time, I saw a CEO get early investors on as "Directors", and then if the directors asked too many questions, he would proclaim to everyone on the email list that those directors were liar hackers and that any email from them would contain a virus. Also would "kick out" the director and keep their shares, or the value of them
sr. member
Activity: 644
Merit: 250
without information about where his walls are, he could easily sell shares for Ferrari funding rather than expense funding, and we would still think he needs more.
we need more transparency NOW, or I'm out.  You have 1 hour..

@VolanicEruptor Go ahead and jump out, the last time you did that it cost you plenty.

VE's calls for transparency are not unwarranted and entering into chest thumping contests with significant investors is a poor PR move that will hurt the entire company

I have been very transparent.  I have said that we are issuing 500,000 more shares.  These will be spread between bitfunder and BTC-TC.  This is less than we had posted at first after the price of bitcoin went down to around $68.  At that point we added 1M shares, 500,000 on bitfunder and 500,000 on BTC-TC for a total of 4M shares, however because of the flippers bitfunder shares were not selling, so the wall was taken down after a post here.  Now that bitcoin has gone up we can sell less total shares which we are doing.

And that is wonderful news that you are sharing less, but what I would like to know is the price points at which you are selling the shares. I don't know how much of a difference it makes to us investors, but I would like to know which asks on the exchanges are yours and which are undercutters. Did you put up the ~90k and ~120k walls on btct? Of the additional 500k that are going on btct, how many have still not been placed as "asks"?

As an aside, please do not take any of what I say is attacks; it's just that whenever I have any significant (to me) amount of btc invested in a venture I try to stay as aware of the market as I can. I very much want this venture to succeed!

EDIT: "sharing less" should be written as "issuing less shares", not sharing less information, bad typo on my part
full member
Activity: 196
Merit: 100
without information about where his walls are, he could easily sell shares for Ferrari funding rather than expense funding, and we would still think he needs more.
we need more transparency NOW, or I'm out.  You have 1 hour..

@VolanicEruptor Go ahead and jump out, the last time you did that it cost you plenty.

VE's calls for transparency are not unwarranted and entering into chest thumping contests with significant investors is a poor PR move that will hurt the entire company

I have been very transparent.  I have said that we are issuing 500,000 more shares.  These will be spread between bitfunder and BTC-TC.  This is less than we had posted at first after the price of bitcoin went down to around $68.  At that point we added 1M shares, 500,000 on bitfunder and 500,000 on BTC-TC for a total of 4M shares, however because of the flippers bitfunder shares were not selling, so the wall was taken down after a post here.  Now that bitcoin has gone up we can sell less total shares which we are doing.

I think what they are saying is that though it is transparent on what you are doing, it is still the 'what' and not the 'why' that is being communicated

A CEO doesn't have to explain himself every 10 minutes to complete strangers (and fakes) like Floates, STS, Eskimo etc.

The NRE is raised. The IPO is over. Some small expenses remain to be gathered. We can safely ignore people like Eskimo and try and identify genuine share holders with genuine concerns and take all steps necessary to reassure them. Floates, STS, Eskimo etc are trying to drive a wedge between a very successful start up (ActM) and its legitimate long term share holders.

I still can't get over that 'Caveat Emptor'. Cheesy Cheesy Cheesy
hero member
Activity: 560
Merit: 500
Just did a quick adding up of our funds.  Converted @ 93.40 we have ~$890,000, so I am going to add 500,000 shares to the wall.  We need funds to cover the 40-60 machines we are building, to finish paying for our prototypes, finish paying for the engineering of the prototypes, and some for general operating expenses.  Also, we need some room just in case the price of bitcoins goes down.

I have been very transparent.  I have said that we are issuing 500,000 more shares.  These will be spread between bitfunder and BTC-TC.  This is less than we had posted at first after the price of bitcoin went down to around $68.  At that point we added 1M shares, 500,000 on bitfunder and 500,000 on BTC-TC for a total of 4M shares, however because of the flippers bitfunder shares were not selling, so the wall was taken down after a post here.  Now that bitcoin has gone up we can sell less total shares which we are doing.

Trying to clam things down here Cheesy
sr. member
Activity: 392
Merit: 250
how many of these 500,000 new shares have been bought up so far?  How are we supposed to know???
full member
Activity: 238
Merit: 100
Our Plans For Shares and the NRE:

When we reach our goal of funding for the NRE from any of the following sources (shares sales, machine sales, chip sales, private funding, mining, loans etc) with a bit of leeway for other expenses, I will make a post here in the thread and then take down the wall immediately.

Just did a quick adding up of our funds.  Converted @ 93.40 we have ~$890,000, so I am going to add 500,000 shares to the wall.  We need funds to cover the 40-60 machines we are building, to finish paying for our prototypes, finish paying for the engineering of the prototypes, and some for general operating expenses.  Also, we need some room just in case the price of bitcoins goes down.

Hurray for ever changing barometers
full member
Activity: 490
Merit: 101
FRX: Ferocious Alpha
without information about where his walls are, he could easily sell shares for Ferrari funding rather than expense funding, and we would still think he needs more.
we need more transparency NOW, or I'm out.  You have 1 hour..

@VolanicEruptor Go ahead and jump out, the last time you did that it cost you plenty.

VE's calls for transparency are not unwarranted and entering into chest thumping contests with significant investors is a poor PR move that will hurt the entire company

I have been very transparent.  I have said that we are issuing 500,000 more shares.  These will be spread between bitfunder and BTC-TC.  This is less than we had posted at first after the price of bitcoin went down to around $68.  At that point we added 1M shares, 500,000 on bitfunder and 500,000 on BTC-TC for a total of 4M shares, however because of the flippers bitfunder shares were not selling, so the wall was taken down after a post here.  Now that bitcoin has gone up we can sell less total shares which we are doing.

I think what they are saying is that though it is transparent on what you are doing, it is still the 'what' and not the 'why' that is being communicated
sr. member
Activity: 476
Merit: 250
without information about where his walls are, he could easily sell shares for Ferrari funding rather than expense funding, and we would still think he needs more.
we need more transparency NOW, or I'm out.  You have 1 hour..

@VolanicEruptor Go ahead and jump out, the last time you did that it cost you plenty.

VE's calls for transparency are not unwarranted and entering into chest thumping contests with significant investors is a poor PR move that will hurt the entire company

I have been very transparent.  I have said that we are issuing 500,000 more shares.  These will be spread between bitfunder and BTC-TC.  This is less than we had posted at first after the price of bitcoin went down to around $68.  At that point we added 1M shares, 500,000 on bitfunder and 500,000 on BTC-TC for a total of 4M shares, however because of the flippers bitfunder shares were not selling, so the wall was taken down after a post here.  Now that bitcoin has gone up we can sell less total shares which we are doing.
full member
Activity: 196
Merit: 100
Volcanic, that's not the way to go about things.

Ken, you should be very specific about the walls and have hard numbers posted up here. Whatever you have on there should be the amount you want and IMHO they should stay. Done. Finito.

I didn't agree with them going up but once there, they affect the market. Removing them would then be a further manipulation and that's what's got people riled up.

If you want to make any change, or have less on bitfunder and more on btct (which I would suggest personally given volume issues) do it now and post on here what the full details are.

Yes, I don't mine doing that, however some on here disagreed with that.  I have said we need to sell 500,000 more shares.  I am only going to sell what is necessary, not one more share.

You have covered the NRE and clearly have enough funds, yet you plan to unload another 500,000 shares on the market for what reason? "Expenses" as in a rolex here, a ferrari there, and then a picasso for a friend?

Just a few days ago you said that you would be operating just fine even without the NRE being covered or any additional shares sold, now you are in dire need for more cash?

Stop talking your book. Have you no shame?
full member
Activity: 196
Merit: 100
without information about where his walls are, he could easily sell shares for Ferrari funding rather than expense funding, and we would still think he needs more.
we need more transparency NOW, or I'm out.  You have 1 hour..

@VolanicEruptor Go ahead and jump out, the last time you did that it cost you plenty.

+1
full member
Activity: 238
Merit: 100
Volcanic, that's not the way to go about things.

Ken, you should be very specific about the walls and have hard numbers posted up here. Whatever you have on there should be the amount you want and IMHO they should stay. Done. Finito.

I didn't agree with them going up but once there, they affect the market. Removing them would then be a further manipulation and that's what's got people riled up.

If you want to make any change, or have less on bitfunder and more on btct (which I would suggest personally given volume issues) do it now and post on here what the full details are.

Yes, I don't mine doing that, however some on here disagreed with that.  I have said we need to sell 500,000 more shares.  I am only going to sell what is necessary, not one more share.

You have covered the NRE and clearly have enough funds, yet you plan to unload another 500,000 shares on the market for what reason? "Expenses" as in a rolex here, a ferrari there, and then a picasso for a friend?

Just a few days ago you said that you would be operating just fine even without the NRE being covered or any additional shares sold, now you are in dire need for more cash?
sr. member
Activity: 476
Merit: 250

So,
https://bitfunder.com/asset/ActiveMining
Asset Name   ActiveMining
Asset Issuer   AMC
Shares Total   25,000,000
Shares Issued   6,176,329
Pays Dividends   Yes
Issuer may Increase Shares:   Yes, with vote.
Issuer may Modify Description:   Yes, without vote.

https://bitfunder.com/asset/AMC#pane_profile
Asset Name   AMC
Asset Issuer   AMC
Shares Total   100,000,000
Shares Issued   8,886,710
Pays Dividends   Yes
Issuer may Increase Shares:   No
Issuer may Modify Description:   Option not set.


https://btct.co/security/AMC-PT
Outstanding 2516711 / 5000000 Issued


So how many shares have been issued to the public? Looks like over the 10mil that is specified in the original post...Huh

Quote from: kslaughter
The issuing of more ActiveMining shares can be allowed in the future, as a last resort measure and after a shareholder's vote
What ever happened to this?

Active Mining is only issuing 10M shares, that is all we can issue without a vote.  Most of AMC shares are owned by Active Mining.
sr. member
Activity: 420
Merit: 250
I bought a truckload of shares today because it seemed this venture had its act together and recovered from the missteps of the past.

Can it really be that after all of the previous trouble, we still don't know how many shares are going to be issued, at what price, and where? I won't even get into the "what's the $ for" question.
sr. member
Activity: 644
Merit: 250
without information about where his walls are, he could easily sell shares for Ferrari funding rather than expense funding, and we would still think he needs more.
we need more transparency NOW, or I'm out.  You have 1 hour..

@VolanicEruptor Go ahead and jump out, the last time you did that it cost you plenty.

VE's calls for transparency are not unwarranted and entering into chest thumping contests with significant investors is a poor PR move that will hurt the entire company
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