[ActiveMining] The Official Active Mining Discussion Thread - page 318.

hazryder

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Quote from: ArcticWolf on July 13, 2013, 06:33:53 PM

Quote from: kslaughter on July 08, 2013, 05:47:27 PM

AMC To ActiveMining Tender Offer Announcement

Please allow 24-48 hours for transfers to be completed.
Cutoff time for dividends to be paid to shares tendered is 18:00 UTC on Wednesday of each week

From post #3 of this thread

My bad, I've been up way too long today and only skim read the front page posts again before posting.

ArcticWolf

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Quote from: kslaughter on July 08, 2013, 05:47:27 PM

AMC To ActiveMining Tender Offer Announcement

Please allow 24-48 hours for transfers to be completed.
Cutoff time for dividends to be paid to shares tendered is 18:00 UTC on Wednesday of each week

From post #3 of this thread

hazryder

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Hey there, just wondering how long it usually takes for you to exchange our AMC shares to ActiveMining? I transferred 45 earlier on Bitfunder and emailed straight after at around 12PM GMT but I still haven't received my ActiveMiner shares.

Cheers!

kslaughter

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Quote from: ?? on ??

Quote from: VolanicEruptor on July 13, 2013, 05:15:21 PM

Quote from: navitatl on July 13, 2013, 04:29:10 PM

Can't wait to read his writeup.
So the strategy with the marketing campaign is to raise NRE funds through preorders?

preorders can't be used to fund the NRE because what if the product never delivers and the customer needs a refund?
A preorder is not a sale.

Pre-orders can fund the NRE, just the company is liable for them like you said. It's not the best solution but it is a solution.

You create a reserve account for refunds. Like 10%, or whatever percentage you think you will have in returns.

lewicki

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Here's my thinking:

ActiveMining needs $1 million or there about. AMC sold around 1 million shares at $105 last week. That's $262,000. The price of bitcoins is now $97. Which means they need about 7600 BTC and to sell about 3,043,000 Shares. They have sold about 400,000 on BTC-TC the past few days. That leaves 2,643,000 Shares to be bought still. There is a block of 1,800,000 for sale on BTC-TC. The remaining 800k still needed is dispearsed throughout the .0025 and .003 range on BitFunder.

kslaughter

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ACTIVEMINING created on BTC-TC waiting for admin approval.

kslaughter

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Quote from: navitatl on July 13, 2013, 04:29:10 PM

Can't wait to read his writeup.
So the strategy with the marketing campaign is to raise NRE funds through preorders?

It is only one strategy out of four, of which any one could fund the NRE, or part of each could fund the NRE.

VolanicEruptor

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Quote from: navitatl on July 13, 2013, 04:29:10 PM

Can't wait to read his writeup.
So the strategy with the marketing campaign is to raise NRE funds through preorders?

preorders can't be used to fund the NRE because what if the product never delivers and the customer needs a refund?
A preorder is not a sale.

navitatl

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Can't wait to read his writeup.
So the strategy with the marketing campaign is to raise NRE funds through preorders?

ArcticWolf

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Quote from: kslaughter on July 13, 2013, 04:20:23 PM

Met with babefoot for about 3 1/2 hours today. Meeting was very good as he ask a lot of questions which he will report on.

Excellent news, glad to hear the meeting went well!

kslaughter

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Met with babefoot for about 3 1/2 hours today. Meeting was very good as he ask a lot of questions which he will report on.

felente

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Quote from: kslaughter on July 13, 2013, 04:15:01 PM

Quote from: VolanicEruptor on July 13, 2013, 04:02:02 PM

Ken has a tendency to not explain his actions. Why did he do it? We may never know!

The wall was not working to get the NRE for us. Getting ready to launch a big advertising campaign which I feel will get the NRE.

what do you mean under "not working"? not enough? or just not selling?

kslaughter

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Quote from: VolanicEruptor on July 13, 2013, 04:02:02 PM

Ken has a tendency to not explain his actions. Why did he do it? We may never know!

The wall was not working to get the NRE for us. Getting ready to launch a big advertising campaign which I feel will get the NRE.

VolanicEruptor

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Ken has a tendency to not explain his actions. Why did he do it? We may never know!

felente

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Quote from: stenkross on July 13, 2013, 03:48:33 PM

Quote from: kslaughter on July 13, 2013, 08:09:49 AM

I will be changing the wall in ActiveMining to around ~100,000 shares.

This action do raise a few questions.
Are those 100k shares enough to cover your R&D expenses for now, or will you have to sell more shares in a near future (as in within a 1-2 weeks)?

What if the wall gets eaten up, and price goes up to, say 0.004?
Will you be selling more shares @ 0.004 then? Or will you keep selling @ 0.0025?

In the past we saw what happened when you tried to use a rising price to sell more shares.
I don't want this to happen again, so I urge you Ken, please have a strategy for how to sell shares prepared this time.

+1

stenkross

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Quote from: kslaughter on July 13, 2013, 08:09:49 AM

I will be changing the wall in ActiveMining to around ~100,000 shares.

This action do raise a few questions.
Are those 100k shares enough to cover your R&D expenses for now, or will you have to sell more shares in a near future (as in within a 1-2 weeks)?

What if the wall gets eaten up, and price goes up to, say 0.004?
Will you be selling more shares @ 0.004 then? Or will you keep selling @ 0.0025?

In the past we saw what happened when you tried to use a rising price to sell more shares.
I don't want this to happen again, so I urge you Ken, please have a strategy for how to sell shares prepared this time.

lewicki

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Quote from: BTCThousandaire on July 13, 2013, 02:32:50 PM

Quote from: knybe on July 13, 2013, 02:24:14 PM

Quote from: lewicki on July 13, 2013, 02:01:18 PM

Quote from: knybe on July 13, 2013, 02:00:17 PM

Quote from: kslaughter on July 13, 2013, 08:09:49 AM

I will be changing the wall in ActiveMining to around ~100,000 shares.

does this apply to the wall at BTCT as well?

Most likely not. The BTC-TC wall is in fall getting eaten through.

Still wondering if I should just sit tight on my AMC-PT shares?
What is the certainty that these shares will be transformed into ActM?

There is a limited amount of shares, so is it possible for the 10M shares to get taken before btct approves?

No. There are only 10M shares that are being released total. Whatever happens, there will be enough shares for both AMC and AMC-PT to convert to ActiveMiner shares.

WildFire.ca

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