This eASIC press release is proof that we are not being scammed:
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Boards are being redesigned and Ken still owes us all 25,000 BTC before he takes a profit. When shares start trading and big divs start rolling in our share price will hit new all time highs. Just calm down, have some patience and let the man do his work. We have enough liquid cash to keep this this going and it's in the best interest of the shareholders to keep working on the company with that money (instead of doing a share buyback which some have suggested). As much as I didn't like what I heard this recent update was fine by me as we are finally seeing some transparency and honesty
Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 145. (Read 771512 times)
January 09, 2014, 10:43:39 PM
January 09, 2014, 10:29:47 PM
Is this business going the way we want it to? Absolutely not. Is it Ken's fault? He gets a lot of the blame here, whether the engineers messed up, or whether they couldn't integrate the new design, either way who chose them? Is this a scam? Absolutely not. You would be incredibly foolish to think that Ken has specifically attempted to scam people out of anything on purpose at all, given how public a company this is. There's so much evidence that the SEC wouldn't have to even say anything, they'd just have to be like "C'mon, really dude? You thought you would get away with this?"
Tensions are high, but to call this a scam would be doing an incredible disservice to reality.
Tensions are high, but to call this a scam would be doing an incredible disservice to reality.
well "scam" might not be the correct word here, but not telling the investors the whole story about why and when this whole thing turned to mess is causing a lot people to take extra ordinary measures to make sure this does not turn out to be another labcoin, after all Ken knows himself how does it feel to have coins being taken from you and the person on the other end won't even bother to address the legitimate concerns.
Lets see how long before this gets deleted
January 09, 2014, 10:28:35 PM
Is this business going the way we want it to? Absolutely not. Is it Ken's fault? He gets a lot of the blame here, whether the engineers messed up, or whether they couldn't integrate the new design, either way who chose them? Is this a scam? Absolutely not. You would be incredibly foolish to think that Ken has specifically attempted to scam people out of anything on purpose at all, given how public a company this is. There's so much evidence that the SEC wouldn't have to even say anything, they'd just have to be like "C'mon, really dude? You thought you would get away with this?"
Tensions are high, but to call this a scam would be doing an incredible disservice to reality.
Tensions are high, but to call this a scam would be doing an incredible disservice to reality.
So you're saying this isn't a scam because if it were a scam it would be too obvious that it was a scam? Nice.
January 09, 2014, 10:22:30 PM
Is this business going the way we want it to? Absolutely not. Is it Ken's fault? He gets a lot of the blame here, whether the engineers messed up, or whether they couldn't integrate the new design, either way who chose them? Is this a scam? Absolutely not. You would be incredibly foolish to think that Ken has specifically attempted to scam people out of anything on purpose at all, given how public a company this is. There's so much evidence that the SEC wouldn't have to even say anything, they'd just have to be like "C'mon, really dude? You thought you would get away with this?"
Tensions are high, but to call this a scam would be doing an incredible disservice to reality.
Tensions are high, but to call this a scam would be doing an incredible disservice to reality.
January 09, 2014, 10:09:29 PM
Labcoin 2.0 much? Buy moar shares? Oh, hold on...you can't!
I'm sure everything will work out this year. Only 355 days to go
I'm sure everything will work out this year. Only 355 days to go
January 09, 2014, 10:08:12 PM
Quote from: VolanicEruptor
Alright boys, here it is...
A search on Facebook shows "Gerald Slaughter" from Springfield, Missouri.
On his friends list, we see a relative of his, Samantha Slaughter.
Now, reading through her news feed I came across this...
Now there's a familiar name. Samantha would obviously have Micahs last name, so this is our good friend Micah Slaughter, part of the Slaughter VMC Team.
So why does he use the name "John Smith" on facebook? Well this is the same john smith that shoes up on Samanthas friends list:
Ahh okay... this is getting VERY interesting... but this is only the start...
Looks like he's showing off a new purchase, sometime around November 5th. Very nice car, you must have paid a lot for that!
Hey, wait a minute.... that location looks VERY familiar.
Oh hey Ken! You guys like hanging out in the VMC headquarters? Can that car mine bitcoins? Just wondering.. maybe that's the first "Fast Hash Machine". It sure does look fast! Not as fast as you're running right now though, I bet...
Haha! Nothing like showing off your new car by putting yourself in the trunk and pretending to be kidnapped by a muscle car mobster. Very cute.
A search on Facebook shows "Gerald Slaughter" from Springfield, Missouri.
On his friends list, we see a relative of his, Samantha Slaughter.
Now, reading through her news feed I came across this...
Now there's a familiar name. Samantha would obviously have Micahs last name, so this is our good friend Micah Slaughter, part of the Slaughter VMC Team.
So why does he use the name "John Smith" on facebook? Well this is the same john smith that shoes up on Samanthas friends list:
Ahh okay... this is getting VERY interesting... but this is only the start...
Looks like he's showing off a new purchase, sometime around November 5th. Very nice car, you must have paid a lot for that!
Hey, wait a minute.... that location looks VERY familiar.
Oh hey Ken! You guys like hanging out in the VMC headquarters? Can that car mine bitcoins? Just wondering.. maybe that's the first "Fast Hash Machine". It sure does look fast! Not as fast as you're running right now though, I bet...
Haha! Nothing like showing off your new car by putting yourself in the trunk and pretending to be kidnapped by a muscle car mobster. Very cute.
January 09, 2014, 09:53:41 PM
Thankfully people are waking up, even the staunch ActM enthusiasts, and realizing how outlandish this engineering disaster is to the companys' futures', but hitting the hardest toll on all investors.
How did his saying go again?
So much for making the shareholders successful...
Ken, if you can't stand up and answer the direct questions a true businessman would, it's time to throw the towel in.
How did his saying go again?
So much for making the shareholders successful...
Ken, if you can't stand up and answer the direct questions a true businessman would, it's time to throw the towel in.
January 09, 2014, 08:33:13 PM
January 09, 2014, 08:15:22 PM
I hope Ken realizes that these posts can easily get stored in a cache with a simple PHP script activated by a cron job
January 09, 2014, 08:12:42 PM
Apparently Ken has all the time in the world now to delete posts.
Ken, just do the right thing, have our shares available for trade, which you know you can have done at a moments notice.
Ken, just do the right thing, have our shares available for trade, which you know you can have done at a moments notice.
January 09, 2014, 08:09:18 PM
Why don't we just start posting in the unmoderated thread?
Somebody give me a cookie.
Somebody give me a cookie.
January 09, 2014, 08:05:19 PM
Haha! Nothing like showing off your new car by putting yourself in the trunk and pretending to be kidnapped by a muscle car mobster. Very cute.
meh… a car like that (early 70's Dodge Dart) couldn't cost more than $4000. no big news there.
The point of the post wasn't to point out the value of the car. I wanted to show that nothing was going on in that garage other than using it for parking space and goofing around. Also keep in mind the generally accepted fact that most facebook pictures are recent to their posting date. For this reason I believe it was in fact taken in November, although I can't prove that.
Interestingly after that post, "John Smith" unveiled his shady anonymous vibe and started using his real name within days after I posted all of that. A desperate attempt to show some form of transparency I guess? Pretty lame, nonetheless...
My post turned out to be a very true indication of what has been going on -- nothing.
January 09, 2014, 07:59:42 PM
Ok, I am not the smartest guy in the world so let me see if I understand.
Ken Slaughter and his relative have taken in $4M from investors (number correct?) and claims to have taken $6M in pre-orders (number correct?) and the only picture/evidence of progress toward the investors' end goal has been a picture of Ken in a garage looking warehouse space that would cost less than $2,000 per month to rent?
Is this correct? Or can someone please post some stuff showing some sane reason that people would have bought $6M of pre-orders based on a dirty garage picture?
btw, how many months did it take for him to rent the dirty garage? Perhaps, you can use this as a benchmark for the timeline of how long it will take him to design, produce, de-bug and deliver a miner?
Ken Slaughter and his relative have taken in $4M from investors (number correct?) and claims to have taken $6M in pre-orders (number correct?) and the only picture/evidence of progress toward the investors' end goal has been a picture of Ken in a garage looking warehouse space that would cost less than $2,000 per month to rent?
Is this correct? Or can someone please post some stuff showing some sane reason that people would have bought $6M of pre-orders based on a dirty garage picture?
btw, how many months did it take for him to rent the dirty garage? Perhaps, you can use this as a benchmark for the timeline of how long it will take him to design, produce, de-bug and deliver a miner?
January 09, 2014, 07:54:04 PM
fuck,it seems more and more like labcoin2.0. somebodu need to do something..
January 09, 2014, 07:52:59 PM
Haha! Nothing like showing off your new car by putting yourself in the trunk and pretending to be kidnapped by a muscle car mobster. Very cute.
meh… a car like that (early 70's Dodge Dart) couldn't cost more than $4000. no big news there.
January 09, 2014, 07:39:47 PM
By the time ActM has miners, their chips will be about as good as AM's are now - pretty fucking useless.
QFMFT
Actually about $4-8billion needs to be spent on mining hardware at current BTC prices before 28nm chips will be obsolete....
And you base that on what? Power consumption?
If you look purely at power consumption then the ASICminer chips are still totally viable.
You need to look further than purely whether or not a chip will break even in power usage. ASICminer stopped deploying their chips because they couldn't find the space, power and cooling for a reasonable enough price to make it profitable. The security, management and set up costs all figure into the equation.
Its about efficiency of deployment, not just Gh/w
January 09, 2014, 07:36:49 PM
Ken, we need answers. You have taken a lot of money from a lot of people and have apparently been lying this whole time. Lay out the truth for everyone with no bullshitting.
Again, if this was a scam, I highly advise you to get the shares on the exchange, liquidate your assets, and pay as much as you possibly can back to the investors while kissing ass along the way.
Again, if this was a scam, I highly advise you to get the shares on the exchange, liquidate your assets, and pay as much as you possibly can back to the investors while kissing ass along the way.
January 09, 2014, 07:32:25 PM
It's good to see names from the beginning of the ActM saga pop back in and shed some light on things with the board which stayed behind closed doors or demand more answers.
Well I don't really have anything new to add other than disagreement over Intellihash. We posted months ago about issues with the marketing and lack of help Ken has running things. It's all been too reliant on him for a long time now, as far as I know anyway.
I was more expressing surprise that the engineering failed and the lack of information at a critical time. I really thought there would be significant miners on-line by now, if of the more expensive to manufacture variety.
Also, what was said precisely about delivered hardware?
Are you talking about kslaughter's outright lie from the official "progress report?"
Quote
I believe this lie will hurt him the most when it comes to criminal fraud accusations.
January 09, 2014, 07:31:33 PM
…
until these shares are fully listed, we don't know if ken even has the btc he already owes in past divs.
...
until these shares are fully listed, we don't know if ken even has the btc he already owes in past divs.
...
divs are right here: https://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa
January 09, 2014, 07:27:59 PM
if ken would get these shares on an exchange, we could at least see our divs...we are owed divs since bf shut down...if we saw divs, that would quell a lot of the shit-storm of scam accusations. until these shares are fully listed, we don't know if ken even has the btc he already owes in past divs. the longer the shares sit in limbo, and the longer no divs go out, the more I am inclined to decide that YES ActM is a SCAM!
the balls in your court Ken, are you going to do something, or simply delete?
p.s.-crossposting in the unmoderated thread-just in case.
the balls in your court Ken, are you going to do something, or simply delete?
p.s.-crossposting in the unmoderated thread-just in case.
Jump to: