Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 51. (Read 479317 times)

Well this security has lost so much money for me. I have no one to blame but myself.

Any ideas where this security will end up? Or are the prices we are seeing now the highest they will ever be?

I have an urge to speak to Ken and give him a little bit of reality.

Seconded.

What if we attempt to be more constructive?

At the moment, Actm need to clean up this PR mess. Clearing up this mess, will clear up a lot of other BS.

So, I propose the following (this is addition to what ever you guys are doing over there):

1  Make a short term list for the next 2 weeks (all tasks must be fully completed in next 2 weeks)  – [publishing date]
   1.1  get the accounting in order – [date]
      1.1.1  and publish financial statements – [date]
1.2  Get the project plan in order and give short but clear statement to shareholders (do not hide fuck up's)  successes, failures, status of failures as of now – [date]
   1.3  publish the updated roadmap for next 3 weeks – [date]
      1.3.1  and 3 months.  – [date]
  1.4  Publish a list potential risks involved at current stage and what is your estimate for those risks to materialize (0%-100%)

Can you do all that in one week?
(this is actually 1-2 days, with <40% workload, worth of work, unless this is the first time)

Stupidly busy with what? Even though i believe that, there is absolutely no supporting evidence he is doing anything, as far as this thread is concerned. If your inward-facing other board members have communicated with Ken and his current activities, then lets hear it.
 

Ugh, these people do not understand the concept of perspective.  The 'F' Is flat, but it's superimposed on isometric blocks.  Seriously. What?

In their photoshopped "fast hash" cards the the text was not aligned at all.

This is a company supposedly worth millions (according to the exchanges, anyway).  Yet they can't manage to do basic graphic design right.

Good design can help sales. Just look at xCrowd.  An obviously phony company - yet many people fell for it on the basis of their quality design work.

HashFast and cointerra both use simple, clean designs on their sites.  Labcoin's site was pretty clean and well designed as well. VMC's new site is a little better. But really, this image is a bit ridiculous to put on their front page:

The first units are from mid November which is similar to other offerings now. The original schedule was Oct/Nov so it's not really changed.

When it comes to the entire web side, we've done almost everything you can possibly imagine. However, Ken is happy with how things are going and has said he'll get some more changes over time.

We would really like him to hand this over to someone else to handle, especially given his hardware focus at present, but it isn't going to happen.

To reiterate, it's not a money or time thing to Ken, he is just happy with how his site and how it is performing.

The guys on the board do have experience thank you, but we do not run ActiveMining.

You need to stop confusing us with the company management. If you have issues with Ken's business skills, you need to take it up with Ken and not us.


He doesn't have a PR guy. Streets had volunteered to post under the PR account because Ken's not very good at expressing himself but at no point was he anything to do with strategy or hired help. We've asked Ken to hire a PR guy and are busy chasing that one up. He's stupidly busy at the moment and needs some professional help. This is also why we can't organise any meetings at the moment.

re: Logo. We bought the original one but VMC chose to do their own. When it comes to web/branding, Ken goes his own way for better or worse.

Unfortunately so, they updated their site with this new logo a couple of days ago. I fully agree, Ken needs to either hire someone more competent with running the other facets of his business, or actually start listening to the board.

Damn!!!

Is this for real?

I am actually getting scared of ActM recently. Ken is clearly a capable engineer, but as a business man he is clueless.

The website, the product names and formulation, the complete waste of buying advertising space on here and then sending users to a half million dollar product, no communication, complete lack of idea during the IPO, now this.

The NRE, and getting chips and mining is only part of what it takes to make this business work. Ken can do the hardware stuff it seems, but he lacks the rest of the entire skill set needed for business.

he should write that he is not dead and btc invested are safe.

Am I the only one who thinks the PR is Ken?

Correct. Lets not forget, that most of the terminology, regarding finances, is mangled beyond recognition and misused to ad nauseam in BTC world. LOL, one idiot even attempted to reinvented the basic bookkeeping and demands to be called The Financier and God of BTC world. LOL. No, I am not joking.

Basically we are the VC here. Do you really think that any VC will let a Co, they invested in, get away with this bullshit (no reports, no financial statements), as we see here? LOL Hell now! They will crawl up your ass so deep, they can see your front teeth.

Maybe Ken a his team have done a brilliant job. Sorry, we do not know. Only Ken can fix this PR disaster by stating to talk (reports etc).
All those blind "believers" are as bad as this sociopath icebraker and the rest.

I wish they had some guys on the advisory board with actual real life experience in project management, finances and running a real life business. So far, they are either clueless or just can not get their point across the table - a.k.a inexperienced a.k.a clueless. or they just do not give a shit... as simple as that. Sorry, but as of now, I have no reason to believe otherwise.

I am not saying that Ken is moron. Not at all. Maybe he is a brilliant engineer, but this will not make him automatically in to a good project nor business manager. And as of now, this shows painfully.

He has a PR guy. If this guy is sitting on his hands and waiting for engineering or management to spoon feed him news... LOL, he has obviously never done this job for a real life company. Keeping a blog will not make anyone into a journalist or PR expert. It's his job to squeeze the management for news. Not us, VC's! (Yes, I called all the shareholders VC

BTW, what happened in last "Monthly Shareholder Meetings"  (see https://bitcointalksearch.org/topic/activemining-overview-and-speculation-thread-254930)

"THE BITCOIN MINING EXPERTS"

 

Top logo 8/10
Bottom logo 3/10

What an injustice.

ouch

Very disappointing to see that after purchasing my logo they decided to turn it from this:



Into this abomination:



1990 called, they want their logo back guys. It'd be very interesting to see how much the developer Ken hired who bought the logo from me was paid for this, I'd be willing to wager it was significantly more than I received.

ActM may be worth something in November, but there's no real reason to hold the stock now.  And that's a problem when there are other options that should increase in value sooner.   I had a few shares left over from the spike, as I tried to re-buy and re-flip, since I didn't expect (at the time) the price to go under 4. When they did I just figured I'd hold till November.

But, when I saw the price drop today on Labcoin, I sold them and added a bit more LC shares.  Result: instant profit.

This is why startups are funded by VCs who don't expect to exit their positions for years, and will actually re-invest multiple rounds to keep the company going if it's meeting their goals rather then just dumping the money in. 

VCs expect 90% of their investments to fail, and 10% to earn back more then 10x to cover the failures.

"IRL" speculative companies don't IPO, they don't do that until they're earning regular annual revenue.

damn