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'.
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.