Whats the negative points for ActiveMining? They are using eAsic which is a well established company that generates different types of asic on a daily basis, their foundry is Fujitsu.
What exactly is bad about the company so far?
Problem is, nobody knows. Maybe everything is OK. We do not know!
Kens and Co refuses to publish regular statements and we have no idea, what is going on with finances of Actm and it's whole owned subsidiary.
I am almost 100% sure they have not hired a CPA or if they did, he/she is either kept in the dark or he/she is a total moron.
Why do I say this? Because of bull shit excuse how NDA (covers some parts of the eASIC deal!) will not allow them to publish the balance sheet and PL statement. LOL, this is absurd.
Nobody knows how:
1) how much BTC was converted
2) at what price
3) how much money is spent per month so far
4) how much is spent and will be spent on fixed expenses
etc.
We have no idea what this Co is worth now because there is no information. We can not _predict_ the future value of this Co. because there is no information to base the predictions on. You can not build the roof if you have no foundation and walls.
You will see few morons popping up an telling how they did their research but never telly you what it actually was and where did they get the numbers to put a value to Actm.
For some stupid reason, I still believe Actm can pull it off but what bothers me the most, is this shitty, or more precisely, non existing communication and hiding.
Fuck cheerleaders (both sides, from "Oo success!" and "Failure!" teams) and clueless sock puppets, clinging to cheerleaders. They are clueless and useless. It's all emotions without any facts.
As you can see, 90% of this thread is total bullshit and mostly irrelevant. Why is this pile of crap called "The Official Active Mining Discussion Thread" is beyond me.
If project team (Ken and Co) can not write up a short weekly project report of their successes and failures, they need a more qualified project manager. BTW, good programmers, excellent engineers etc hardly ever make a good project managers - this is a fact.
So, dear advisory board and the self appointed management. If you can not demonstrate even entry level project/team management skills.. wtf do you expect happens in this forum thread? People get nervous!
You took our money and now you give us silent treatment. WTF! Seriously?
BTW, this starts to remind me Evorhees and his fkn gambling site fiasco (and several other fabulous fuck up's from self appointed and anointed CEO's and portfolio mangers etc)
Seriously Ken, get your act together and start talking.
What he said, with bells on. ^^^
Are shareholders able to raise/force any motions?