You're right!
Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 318. (Read 479317 times)
Can't wait to read his writeup.
So the strategy with the marketing campaign is to raise NRE funds through preorders?
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.
I'm not talking about someone returning a product because the dog shit on it. I'm talking about the scenerio in which you don't have a final product. You would need a 100% reserve account if the products don't make it past the production stage.
Hey, if you want to fuck around with preorder money, I'm all for it. As an investor that sounds great. Good thing I'm not a customer though, LOL.
Update:
Klondike progress:
As many of you are aware, the Klondike has now been tested with 16 chips hashing at 4gh/s on the older test board...
... Final PCB design will be completed within the next 24 hours and sent to the fab houses for production.
Component sourcing:
We are working with both US and oversees PCB fab houses in order to reduce manufacturing lead time so all components are ready prior to chip arrival.
The BOM has been purchased, and parts have begun arriving at the assembly house. All parts should be in and ready for assembly by next week.
ActiveMining (AMC) have 68 Klondike boards on order.
Klondike progress:
As many of you are aware, the Klondike has now been tested with 16 chips hashing at 4gh/s on the older test board...
... Final PCB design will be completed within the next 24 hours and sent to the fab houses for production.
Component sourcing:
We are working with both US and oversees PCB fab houses in order to reduce manufacturing lead time so all components are ready prior to chip arrival.
The BOM has been purchased, and parts have begun arriving at the assembly house. All parts should be in and ready for assembly by next week.
ActiveMining (AMC) have 68 Klondike boards on order.
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.
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.
This. And as any of the other strategies start getting funds, Ken can just pull chunks of those walls down.
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
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.
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
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
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!
Cheers!
Can't wait to read his writeup.
So the strategy with the marketing campaign is to raise NRE funds through preorders?
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.
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.
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.
ACTIVEMINING created on BTC-TC waiting for admin approval.
Can't wait to read his writeup.
So the strategy with the marketing campaign is to raise NRE funds through preorders?
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.
Can't wait to read his writeup.
So the strategy with the marketing campaign is to raise NRE funds through preorders?
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.
Can't wait to read his writeup.
So the strategy with the marketing campaign is to raise NRE funds through preorders?
So the strategy with the marketing campaign is to raise NRE funds through preorders?
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!
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.
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?
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.
Ken has a tendency to not explain his actions. Why did he do it? We may never know!
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
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.
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