how brilliant is this all ending up?
TL;DR: we don't have access to, or even real world proof that we've paid for and "own" shares of a fictitious business called "Active Mining Company."
Basically we handed money over to some random guy living in Missouri… what a coup this is all turning out to be.
Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 183. (Read 771520 times)
January 02, 2014, 02:22:51 PM
January 02, 2014, 02:18:04 PM
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I seem to be the only one here that actually physically visits these companies instead of sits in front of their keyboard fighting with Josh from BFL.
I seem to be the only one here that actually physically visits these companies instead of sits in front of their keyboard fighting with Josh from BFL.
You are certainly the only one here who visit these scam companies and proceeds to shill for them.
Your understanding of the word "libel" could be a bit off. A statement has to be false for it to be libelous.
Your shilling for and pimping Terrahash is an undisputed fact. Your first post on this forum is selling Terrahash preorders.
January 02, 2014, 02:17:49 PM
Shares are shares.
So tell us about your career as a Terrahash shill? What lessons are you applying to your new venture in Active mining?
So tell us about your career as a Terrahash shill? What lessons are you applying to your new venture in Active mining?
I'm not quite sure what you are talking about, I assume this is a poor attempt at mudding my name with libel.
I imagine it is hard for you to talk with me considering you sold all of your BTC at fairly low prices last I looked at your BTC address.
I seem to be the only one here that actually physically visits these companies instead of sits in front of their keyboard fighting with Josh from BFL.
Most of the companies out there turn out to be scams, one way or another of no fault of my own.
I specifically told everyone that HashFast would deliver a working product but it would likely be late (Hence why I never ordered anything from them)
Terrahash showed a working product when I visited them so it was very strange for them to do what they did but then again Yifu didn't provide them with chips even though we all saw their orders. Doesn't change the fact that they are fraudulent now though.
Most of my money went towards KnC who I didn't personally visit but had connections that did and that turned out to be a pretty great success.
This isn't a regular marketplace for items. You dabble a little bit in every company and hope one does very well to make up for the others that do not do so well or turn out to be frauds.
I'm happy with my decisions.
January 02, 2014, 02:12:23 PM
Shares are shares.
So tell us about your career as a Terrahash shill? What lessons are you applying to your new venture in Active mining?
So tell us about your career as a Terrahash shill? What lessons are you applying to your new venture in Active mining?
I'm not quite sure what you are talking about, I assume this is a poor attempt at mudding my name with libel.
I imagine it is hard for you to talk with me considering you sold all of your BTC at fairly low prices last I looked at your BTC address.
I seem to be the only one here that actually physically visits these companies instead of sits in front of their keyboard fighting with Josh from BFL.
January 02, 2014, 02:09:49 PM
Shares are shares.
So tell us about your career as a Terrahash shill? What lessons are you applying to your new venture in Active mining?
So tell us about your career as a Terrahash shill? What lessons are you applying to your new venture in Active mining?
I'm not quite sure what you are talking about, I assume this is a poor attempt at mudding my name with libel.
I imagine it is hard for you to talk with me considering you sold all of your BTC at fairly low prices last I looked at your BTC address.
I seem to be the only one here that actually physically visits these companies instead of sits in front of their keyboard fighting with Josh from BFL.
I also regularly attend conferences where I meet the owners of these Manufacturers in person. You should attend one, Josh is always there and I bet you guys would have a blast chatting it up.
January 02, 2014, 02:07:10 PM
So tell us about your career as a Terrahash shill? What lessons are you applying to your new venture in Active mining?
If you recall, ActM actually attempted to purchase miners from TH. January 02, 2014, 02:02:51 PM
No problem entropy,
you say the case will run 5 years, meanwhile ACtM are trading - we are fine.
I say the actual case I quoted show if ACtM did not contest the case it will be over in weeks, they would get a fine, have to pay back (maximum 700k USD) and agree not to do again - we are fine.
Either way it's not an issue that would threaten the solvency or day to day operation of the company.
Again, if you have evidence otherwise i.e. test-case material, please share it. I quoted you an actual SEC case, you are just speculating on nothing factual.
Thanks.
you say the case will run 5 years, meanwhile ACtM are trading - we are fine.
I say the actual case I quoted show if ACtM did not contest the case it will be over in weeks, they would get a fine, have to pay back (maximum 700k USD) and agree not to do again - we are fine.
Either way it's not an issue that would threaten the solvency or day to day operation of the company.
Again, if you have evidence otherwise i.e. test-case material, please share it. I quoted you an actual SEC case, you are just speculating on nothing factual.
Thanks.
January 02, 2014, 01:52:15 PM
Worst case scenario is reimbursement to shareholders of initial fiat investment (should they request it) made on Bitfunder and a fine.
The company will survive. If you think the repercussions are vastly more serious than that for a legitimate business please show us the relevant test-case/court case raised by the SEC.
Thanks.
The company will survive. If you think the repercussions are vastly more serious than that for a legitimate business please show us the relevant test-case/court case raised by the SEC.
Thanks.
Out of what money will this reimbursement come?
These cases run for 3-5 years. The lawyers collect their pound of flesh, then secured creditors are reimbursed, then unsecured creditors (the suckers who ordered from Ken), then whatever is left would be distributed to shareholders.
1 / 25 000 000 of what is left after that process isn't going to be a Satoshi.
1 / 10,000,000 minus Kens own Shares.
January 02, 2014, 01:39:27 PM
Bargraphics was definitely a major cheerleader for TerraHash. The thought has definitely crossed my mind as to what his involvement may be (if any) with ActM. Not trying to point fingers here, but...
January 02, 2014, 01:26:49 PM
Surprisingly you are not a sock of Crumbs,
Please keep us up to date with your refund process.
..etc..
I see this leech has moved on to another scam. Just a note for anyone who is not aware about Bargraphics, this a**clown single handily cheerleadered terrahash scam all the way to the end, made many people lose their money, and attacked anyone who expressed doubt or asked about a refund.
After terrahash ran with the money, he went back and deleted/edited out all his old cheerleading posts in the thread, then pretended to lead a group lawsuit against terrahash sucker in the legit people who lost their money. Of course nothing ever happened. (some of the victims started filing their own small claim suit in court later on, but lost a lot of valuable time & money due to this guy)
I dont know what the deal with VMC is, but just becareful, i would not trust anything coming out of this con artist's mouth.
The worst kind of scum.
January 02, 2014, 12:56:29 PM
Surprisingly you are not a sock of Crumbs,
Please keep us up to date with your refund process.
Please keep us up to date with your refund process.
Oddly enough I do understand your reference to the mass of clones of said person, but never saw the original posts.
I actually got 2 replies on the refund since I contacted them on multiple levels.
Both with no details other than they wanted my address that is already linked to my account and shipping address.... Will be sure to post on updates.
January 02, 2014, 12:51:56 PM
Worst case scenario is reimbursement to shareholders of initial fiat investment (should they request it) made on Bitfunder and a fine.
The company will survive. If you think the repercussions are vastly more serious than that for a legitimate business please show us the relevant test-case/court case raised by the SEC.
Thanks.
The company will survive. If you think the repercussions are vastly more serious than that for a legitimate business please show us the relevant test-case/court case raised by the SEC.
Thanks.
January 02, 2014, 12:34:00 PM
The amount of shareholders in here is scary. Quit fluffing and quantifying the poor updates and 'news'. I have read no real reason people are backing Ken other than the fact they are a share holder. Please do not reply or retort if you have money to lose if this company goes under. I have money to lose as well since I ordered and requested a refund. I have lost my little remaining faith in these updates after coming here from watching the site for any news.
Even being a CEO (loose term here for owning a "business"), there is a responsibility if you are also the PR person. I guarantee even a decent PR person would have made the company double even with this many delays. He is not running some 5k employee Forbes 7000 business. It is what, 5 guys? The responses from the company are so lack luster that even drive thru fast food people give you a better status.
Even being a CEO (loose term here for owning a "business"), there is a responsibility if you are also the PR person. I guarantee even a decent PR person would have made the company double even with this many delays. He is not running some 5k employee Forbes 7000 business. It is what, 5 guys? The responses from the company are so lack luster that even drive thru fast food people give you a better status.
Surprisingly you are not a sock of Crumbs,
Please keep us up to date with your refund process.
January 02, 2014, 12:33:50 PM
Mabsark you get really shirty and vulgar with anyone who crosses you don't you?
How about less of the name calling huh?
You don't use the word 'probably' because you clearly always know all the facts? I see. Well done.
EDIT - fine Mabby, go complain to the SEC. After a 2year court battle you might get your shares swapped back out for your initial FIAT investment. Meanwhile all the other shares holders who decide not to contest will keep their shares, keep their divs, and will be sitting very pretty. I'm sure that will make perfect sense to you.
How about less of the name calling huh?
You don't use the word 'probably' because you clearly always know all the facts? I see. Well done.
EDIT - fine Mabby, go complain to the SEC. After a 2year court battle you might get your shares swapped back out for your initial FIAT investment. Meanwhile all the other shares holders who decide not to contest will keep their shares, keep their divs, and will be sitting very pretty. I'm sure that will make perfect sense to you.
January 02, 2014, 12:29:01 PM
A lot of people are claiming that ActM are ripping them off ................if they have no access to those shares?
Errr HELLO!
The SEC closed down BF! They took our shares off the market!
They are probably guiding Ken on this issue hence the delays and his mention of sorting out the legal side of CT. Please keep up Mabsark.
So what if the SEC took the shares off the market? Does that mean Ken doesn't need to refund those shareholders and can just keep all the dividends for himself? Of course not.
Probably, probably probably! In other words you know fuck all!
I have provided a scenario that is actually occurring as we speak. Someone could legitimately make those complaints because they are factual. Ken took everyone's shares and gave them nothing in return and dividends haven't been paid in weeks. People are asking Ken to explain himself and he's simply ignoring them. The the sycophants like yourself come on and start having a go at them for their very valid complaints.
How long will it be before these people get sick of being ignored by Ken and report him to the SEC?
And NO-ONE but Trolls say Ken has ripped them off. Keep trying Mabsark.......but the days of cheap ACtM shares are OVER.
Plenty of people are complaining and their complaints are legitimate. You just can't accept that fact. Even Kynbe's joined the ranks of "trolls".
January 02, 2014, 12:28:00 PM
The amount of shareholders in here is scary. Quit fluffing and quantifying the poor updates and 'news'. I have read no real reason people are backing Ken other than the fact they are a share holder. Please do not reply or retort if you have money to lose if this company goes under. I have money to lose as well since I ordered and requested a refund. I have lost my little remaining faith in these updates after coming here from watching the site for any news.
Even being a CEO (loose term here for owning a "business"), there is a responsibility if you are also the PR person. I guarantee even a decent PR person would have made the company double even with this many delays. He is not running some 5k employee Forbes 7000 business. It is what, 5 guys? The responses from the company are so lack luster that even drive thru fast food people give you a better status.
Even being a CEO (loose term here for owning a "business"), there is a responsibility if you are also the PR person. I guarantee even a decent PR person would have made the company double even with this many delays. He is not running some 5k employee Forbes 7000 business. It is what, 5 guys? The responses from the company are so lack luster that even drive thru fast food people give you a better status.
January 02, 2014, 12:23:54 PM
If Pirateat40 is convicted, that line won't need to be revisited when Ken & Co get their day in court.
Instead of speculating on what the SEC do, look up Securities and Exchange Commission v. Banc de Binary Ltd
Banc de Binary were charged in 2013 with offering securities transactions (binary Options) to US customers without holding the relevant broker/dealer licence.
There was no accusation of any fraud involved.
'The SEC's complaint seeks disgorgement plus prejudgment interest, financial penalties, and preliminary and permanent injunctions against Banc de Binary '
So worst-case scenario is the SEC seek to re-coup funds raised from Bitfunder (700k USD?) plus a fine and an injunction against ACtM listing on an unregistered exchange in the future.
It's not the end of the world if it happens, but I'd say it is very unlikely. This is a new industry with many grey-areas. For the SEC to have a good chance of winning a case against any legitimate BTC company for incorrect listing on an un-registered exchange they would likley have to have a cease and desist instruction go ignored.
http://www.lexology.com/library/detail.aspx?g=b3fc9cc9-822b-4a29-938b-b48278adece4
http://www.sec.gov/litigation/litreleases/2013/lr22718.htm
NB - the rationale behind the above court-case was the economic protection of the regulated US Binary Broker/Dealer industry - protecting US business. That's fair enough. But how would taking ACtM to court protect US business or jobs? It wouldn't.
January 02, 2014, 12:17:41 PM
A lot of people are claiming that ActM are ripping them off ................if they have no access to those shares?
Errr HELLO!
The SEC closed down BF! They took our shares off the market!
They are probably guiding Ken on this issue hence the delays and his mention of sorting out the legal side of CT. Please keep up Mabsark.
And NO-ONE but Trolls say Ken has ripped them off. Keep trying Mabsark.......but the days of cheap ACtM shares are OVER.
No amount of shouting is going to change things, minerpart.
If the SEC chooses to go after Ken, he will be V&.
It's that simple.
The only guidance the SEC will provide is "stand behind the yellow line."
January 02, 2014, 12:06:54 PM
A lot of people are claiming that ActM are ripping them off ................if they have no access to those shares?
Errr HELLO!
The SEC closed down BF! They took our shares off the market!
They are probably guiding Ken on this issue hence the delays and his mention of sorting out the legal side of CT. Please keep up Mabsark.
And NO-ONE but Trolls say Ken has ripped them off. Keep trying Mabsark.......but the days of cheap ACtM shares are OVER.
January 02, 2014, 12:06:30 PM
Sure Pirateat40 case is relevant. It takes away the "it's just a game, nothing of value is being traded" rationalization that Burnside tried using on his gameserver. How old are you, bro?
It's relevant as to what? He ran a Ponzi scheme and de-frauded investors of 150k BTC. That is why he's in trouble and every Ponzi scheme operator is a serous criminal. Are you saying that's news bro? It's not bro. OK bro? See ya crumbs.
Pirateat40 claimed that nothing of value changed hands, so the laws which applied to money did not apply to him. This was a hackneyed, popular claim at one point in time. Burnside used it in his TOS. Ken, not being as smart, creative or eloquent as Burnside, chose to call Active Mining of Belize a "Virtual Identity." That one just grated on the ears, but heck - Ken's Ken, gotta make allowances. If Pirateat40 is convicted, that line won't need to be revisited when Ken & Co get their day in court.
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