Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 49. (Read 479317 times)

LOL! Are you high right now? There is NOTHING secret about fkn balance sheet, especially, if Actm asked money via exchange - openly. Virual or not. I am not asking to see the general ledger with every transaction. Is it possible, your lot has no idea wtf balance sheet actually is and how it looks like? What a load of bull shit!
Amazing!

PS! Seriously ffssixtynine, you are yapping about topics way above you competence level and should stfu, before you make it worst than it is.

Fair enough ffs69, like I said, thanks for whatever you are doing. I missed a big chunk of the middle of this thread so I probably missed it like the PR thing.

How about some kind of (minimal/reasonable/realistic) fee for transfers?

EskimoBob, you're mostly asking questions only VC's or Angel's get to ask (and under strict confidentiality clauses at that).

If you want to invest a big wedge of cash with Ken directly and as a private investor, you can require access to those details. As someone with a virtual share, no. Nor do I have access, nor does anyone other than the company execs. So contact Ken directly and offer him $500k+ and you'll have your answers. Kidding, but you get the idea.

I'm not going to answer this one again as I've done so at least once before, if not twice.

Thank you for the update, but this is only part of the picture. 
What about the rest:

Mate, it's been an awful lot more than that as it happens, not that a share trade is worth $5k (Tat's are to be 1 BTC I believe and I'd want them free if just a one off).

It'd also need to be limited both to be fair to BTCT and to keep the work limited for Ken.

Anyway, it's all moot if he doesn't go for it. If that's the case, what about ways for a third party fund to manage it perhaps?

(I hope you guys understand that I knew this topic would be tricky to raise in public but I did so because I think it needs to be an open discussion.)

Edit: The only trading I did was to reinvest my little ActM dividends. Anything else could have been seen the wrong way.

Well it depends how it's performing and he's also said he will update the site. When I say happy with it, I didn't mean he thinks it's all fine and dandy, just that it'll do for now (we disagree, but then he has all the stats and we don't).

We've said this before - please contact Ken if you have strong feelings about the website but please also be respectful.

I don't mean to sound ungrateful but did you really each do ~$5k worth of work? May I ask what on? How many advisors are we talking about here? And you couldn't do any trading? Not even set an ask order?

My own thoughts are if it happens, it should be a once-off opportunity open to everyone to transfer the shares. Anyhow, don't mean to bust your balls over your thoughtful reply, thanks for what you do and sharing this info.

Our thoughts too hence the public disclosure. There have been enough shady operations by other securities.

re: BTCT There is a lot more demand on BTCT so it's not so clear cut. It'd take a lot to shift the price much there and it's been more resilient.

Ken isn't interested in doing anything other than a one off, and maybe not even that. If he did, what if there is transfer min and max amount (e.g. 10-25k), max overall amount of e.g. 250k, first come first served.

This is only a suggestion. Even if Ken says yes, we'd need feedback.

As a shareholder, a significantly large one, that is simply scary.

It shows a serious lack of judgment on Ken's part. It's one thing to be an engineer, it's another to try to run a business ... and as time progresses, it is becoming more and more evident that he not only does not have any skills in other areas of business, but worse, he is not willing to acknowledge that and bring in people who DO know what they are doing.

Either establish an official transfer policy and service that anyone can take advantage of, or don't do it at all. No need to be shady.

I think you need to think vary carefully about this idea. Won't you effectively be de-valuing the shares on btc.tc?

With more shares put over onto btc.tc prices will come down as a result. I would imagine some holders on btc.tc could have a valid argument for market manipulation if their holdings drop 20% in value over night?

Haha!

People either forget or don't realise that we don't work for Ken and we don't work for ActiveMining.

We're not here to defend things that we believe aren't right, we're here to try and put them right. Where we can't do that, change needs to come from internal or we have to trust Ken's decisions.

We volunteered to help improve some long standing issues and hoped to have input in the future. As things stand, we've done some of what we hoped but definitely nowhere near as much as we wanted.

Engineering wise ActiveMining are in a good place as things stand, but marketing wise we differ from Ken significantly. I won't hide the frustration we've felt over topics such as marketing, the website and sales strategy. We just don't have the power to change those things and so the ball is always in Ken's court.

For the time being I think we just need to accept that Ken isn't going for the swish presentation of others. He's happy with what he has and is now focused on delivery. I'm not saying I agree with this by the way, just that this is how it is. Ken will say so himself if you talk to him about it.

re: share price - I'd like to get some more into BTCT (including personally). I've given Ken some options and to be fair he's offered to move a proportion of shares of the advisers over as we've been doing a shedload of work unpaid (VE paid $5k for this not so long ago) and couldn't do any trading pre-eASIC announcement due to being on the board (so we bought at 0.0025ish, and that's where the price is now).

However, I'd prefer the offer open to others so asked Ken again about doing a very limited offer.

I feel like it's a bit of a no win situation. I know from PMs that people assume we made a quick big profit or could insider trade when both are wrong. In fact, if you want to make money, don't be on an advisory board!

Your points would be correct if ActM decided to pay eAsic, take the chips and throw them in the garbage. Otherwise you are wholly and completely wrong on all counts. Don't ask me to tell you why, you have posts on 60% of the pages here and unless you don't know how to read or refuse to, you know what's going on.

The short list:
-A "virtual identity" with U.K. mailing address and Belize incorporation.
-Pictures of an empty warehouse space with a few empty cases offered to lend credibility.
-Entire management "team" has the last name "Slaughter," which unnerves the sheeps on this forum.
-No track record.
-Lulzy circa 1990 website proudly offering empty 4U cases & childish photoshops.
-Absolutely no information beyond that.
-Tanking stock on two different exchanges.
-Winrar of the coveted "Worst PR Evar" award.
-Failed to meet the only verifiable goal on the already vague prospectus.

A better question is "what, exactly, is *good* about the company thus far?"

I agree but there's only so much money in this market right now. You can see that in action when one stock is high on expectation it's price will rise while others will fall - simply not enough money to go round.

Does the Board have any suggestions for bringing more money onto the exchanges? This would reduce volatility. The creation of more depth would reduce volatility but still allow for rewarding speculation but with larger amounts over smaller price moves.

Yeah someone else posted that, my bad.

I think basically 0.00249xxxxx!

The price will bounce around with news (PR would be helpful here for sure) but they are certainly inherently worth the original asking price given that the eASIC deal has been confirmed.

Thank you for your posts ffssixtynine. I appreciate the info you have been providing.

*coughs up orange juice*

Just to avoid confusion ff, if someone buys a share now how much div is left of the original .0025 to be paid before ACtM start taking their share of profits?

In other words, some of that 0.025 has already been paid out, so how much is left per share?