Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 291. (Read 479317 times)

Volcanic Erupter, are those your 120,000 shares at 0.002817 or is that the new wall?

Oh God, no!

I'll just chip in here while I wait for my champers to reach an optimum temperature.

Be careful of selection bias. You do not know how many good, behind the scenes decisions Ken and team have made. To get this far is frankly, imho, staggering. I dare anyone else to do it if they can. I mean, come on, if it is so easy and you can raise $1million, develop a 28nm hashing chip etc etc, what are you waiting for?

To assume a few public mistakes in domains no one here is likely expert (eg IPO) is evidence of a bleak future for ActM is a little hysterical.

As for those asking about when the IPO ends and how many shares are left a little earlier in this thread:

There are shares on sale *right now*. The price is ~0.0028. Tomorrow we will likely be >0.0035 and the IPO will be done. So why are you asking questions instead of buying?

Cheers!  

I just phoned him and told him that numbers are important, updated DAILY.. especially during a time like this.
He said he's going to start taking care of that better..

I honestly hope that you guys are stating to understand why proper reporting is required This is a fkn amateur hours worst moments rerun.
Some of you are now upset because you have no idea wtf is going on. Why? Some of you where screaming that reporting is not needed (read: we do not care how coin is spent).

Was there a plan in place, when USD:BTC exchange rate drifts off? No. Because it's unknown, how much fiat is really needed, how much is actually spent and so on.
Was there a clear plan how much coin USD/EUR is actually needed? Not really, because same question keeps popping up: How much you need?
Did he ever list the numbers of what is invested so far? No

I am upset too, because I was expecting reports on 15th and all we got was some snapshot for June. Ken can wipe his ass with that. It's useless on it's own.

Only reason I ask for those numbers is to avoid situations like we have right now. If this makes no sense to you, you are in a wrong forum.

Have fun with your guessing game

I'm with you all the way. I don't think ken actually realises what he's doing wrong. This was taking a big win and souring it for quite a number of people. It was totally unnecessary and a serious error of judgement.

More importantly, that it even crossed his mind is extremely worrying as you wonder what other poor decisions may be getting made (like outbidding yourself for ads, website not being properly proof read and tested, who is he using to get USD; Gox sure as hell ain't the answer - so why is he quoting gox prices? etc)

If he did feel it was necessary financially then it's because he got his IPO wrong and should have issued more shares at the start, else capitalised on the now obvious market by laying the extra share offering (for a point in the future) and terms for other future offerings here.

I'm sorry to come across so harsh but guys, he has a million bucks or so and he needs to evidence he can be trusted to make good, practical business decisions as well as engineering ones. Having nervous shareholders or people who won't touch his stock in future would be crazy, especially after today.

In my view he urgently needs to take on both business and communication help. Several people here (not the fanboys) are more than capable of smoothing over the rough edges. In the end, we have to hope he is capable of doing the actual mining and engineering side.

I take the point about having some set questions for ken and that's a good idea, but it's not the answers I'm worried about, it's the constant errors of judgement and biz 101 mistakes.

ignore the FUD.

I would settle for Babefoot's report.  Hope he posts it soon.

The beginning was certainly a clusterfuck, no question there (one in which I lost a sizeable chunk of change, but I've got no one to blame but myself for that), but I think things are slowly being sorted out. The issue is time, we need to raise those NRE costs before anything can proceed and while it is dangerous (for investors) to raise money without the assurance of the company having proper accounting, up to this point investing really was a matter of faith. Now that the NRE has been raised, it's time to slow down and get everyone on the same page. Perhaps do something along the lines of what TAT and co. do with Asicminer, gather a list of FAQs and present them to Ken for answer.

Here's to Streets and Vbs, too!

 

It's scary - someone should keep tabs on any vanity purchase's of Kens (car, house, watch, etc.) - we need to know this extra money is being plowed into the business, and for good causes. Just ask yourself how easy it would be to just raise too much and siphon off in such a frothy market like this. It wouldn't be the first time.

Ignore them if you want but these guys actually have a point.

I've been mulling over investing for a week.  Everyone on here is singing Ken's praises the whole time.  I really wanted to wait to decide until babefoot posted the report he promised.  I'm not sure which thread he was posting to as there are three that we have to put up with but I don't think he ever posted one.

So after the wall came down I went ahead and invested.  Right after that, out of nowhere, Ken posts that he's putting up another wall and the price collapses.  That is total B.S.

After the missteps in the beginning, I should have listened to my gut and not invested at all.  I'll be rooting for this security as now I'm invested but, man, what a joke.

Ken should be thanking Streets and VBS (if I got that right) big time. They've done the sales job.

Let's please have a straight answer to this share issue as soon as possible.

Anyhow guys, tonight is the night I get hammered.

Here's to Ken and a fantastic job!

 

it's just so much easier to hit the ignore button sometimes.

Well, the FUD may not be entirely gone, but at least it's much diminished; much easier on the eyes.

Im laughing my ass off at all of you who have so much confidence in Ken.


Kenneth clearly doesnt need any additional share sales but he wants to get greedy and you guys are lapping it all up. I'm happy with my exit point.

VolcanicEruptor, I would suggest you put your own wall at a satoshi below whatever Ken puts up to teach him a lesson  

Hah, it wouldn't surprise me if someone did-

Your post matches your name & avatar I like it 

It just seems like a bold statement to make without any immediate follow-up
"I'm putting up another wall!"
*leaves for a coffee*

coffee or not, busy or not, that pisses me off beyond belief
we want to know where the wall will be, when it will go up, etc
IMMEDIATELY after he says something like that we should know that information

I'm so pissed off right now I may put up my own 120k wall.