Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 185. (Read 771288 times)

Vinny, please stop making shit up.  Unregistered securities are unregistered securities.  If you wish to play interweb lawyer, at least cite the laws you're invoking​.​

Any future changes in the applicable laws will not be retroactive.  What Ken did was illegal at the time that he did it, and remains illegal now.  I to enjoy fantasizing about possible hospitable future, though I do not base my financial decisions on those fantasies.

…or consider it a failure or a scam.

The fact that Ken egistered a company in Belize does not change the fact that ken sold his unregistered securities to US persons.  Fact.
Even a full buyback won't absolve him any more than returning the money stolen from a bank would absolve a bank robber.  Fact.
The law was already broken, the only thing to be done now is wait & see if Ken's daring do was interesting enough for the SEC to go after.  If Ken didn't lie about the SEC contacting Jon abo​u​t Active Mining, my guess is Ken should ​get ​a love letter​ ​from them sometime soon.

I don't like the words, but I like the meaning. This!

FYI - there is a limit on the number of shareholders in a private company under which they would have a lot of freedoms.

I believe it is currently still a limit of 500 shareholders however legislation is in process to increase that to over 1000 through the "Jumpstart Our Business Startups Act" which has been approved but will be added to the JOBS Act and therefore requires another vote and presidential signature (I'm not sure if this has happened yet)

The latest list of ActiveMining investors shows 323 people (http://bitfunder.firstitinc.com/asset-list/assetlist-2013-12-07-01:40.txt) although we need to take into consideration that a lot of people tendered shares prior to this.

Searching for a pre-bitfunder shutdown list (http://bitfunder.firstitinc.com/asset-list/assetlist-2013-11-01-23-50.txt.bz2) shows 768 investors. We can guestimate this is higher as not all BTCT.co investors would have moved across prior to this. (if I understand correctly)

It might have been recommended, possibly even by the SEC, for Ken to delay listing the shares until the amendment to the JOBS Act has been passed (it may already have been, I haven't bothered googling it).

Well you (and numerous others) have registered just to post on the ACtM thread, so I guess the answer to your question is - you want them. 

What would anyone not currently committed to an insane asylum want with your shares

All you Trolls are wasting your time.

Ken is not going to list shares anywhere until AFTER we have the  major news release we all know is comming. You sad f-ed up little low-lifes have all reaped your just rewards for trying to sabotage this project and treating Ken like dirt - nothing.

If you hadn't acted like low-life scum on here for months and months I think Ken would have put more effort into getting the shares back online after Bitfunder folded. But instead, he has done most definitely the best thing which is to concentrate on BUILDING THE BUSINESS rather than getting the shares back up so that Trolls can get their grubby stinking little hands on them at a cheap price.

I'm p-ing myself at your 'mis-fortune'. You have created this situation yourselves, now see what your reward is for acting like complete scum? Nothing. Zero. Zilch.

You want shares? You gonna have to pay up. lolly lolzy lol.

 

Devils Advocate:

The company is registered in Belize (I believe) which solves most of the problems of offering shares in a company. If those shares become publicly tradable then the US imposes it's own laws (rightly or wrongly) which prohibit trading with US citizens. In that respect ActM might need to limit access to share trading with US citizens.

Don't let your confirmation bias lead you - this has to be a consideration for ActM, weather it turns out to be an issue or not.

1. The main problem here is with the word "unveiling."  Unveiling implies show, not tell.  Ken has unveiled nothing, he simply fed you a line of bull.

2. "Continuing" means "shit is exactly the same as it was."  "Continuing to bring in all the parts for mass production of our miners" means nothing has changed, ignoring the fact that the statement is both unverifiable and devoid of meaning.

3.  Ditto.  Ken has been "working with eASIC and our engineers to get [his] chip [sic] and boards in full production" since the day he allegedly forked over some of your money to eAsic.

Edit: What's more troubling still is Ken doesn't even bother with keeping up appearances any longer.  He signs his Wednesday post with Active Mining PR, but posts it from his own account.  He no longer gives a damn about what happens in this thread, something that might seem familiar to Labcoin folks.

Edit2: If you are reassured by words like "Intellihash," please PM me -- I could coin and recombine compounds myself.  I'd like to unveil another revolutionary disruptive technology:  Intellibit Transware.  It spackles the gaps between hardware, firmware & software. It also makes excelent excuses for botched designs.
Voila!

The SEC forbids issuing unregistered securities.
It doesn't offer a Get Out of Jail Free cards to those who consequently take those shares off the market by stealing them.

If the SEC is saying "do this and we'll take you down", which is plausible, then I am 100% correct. Trying to brush over this potential is burying your head in the sand. It may not be the case, but if you notice I didn't say it was, I said "it may"


30th November [source] - Ken announces delays due to further R&D and unveils Intellihash(tm) technology
12th December [source] - Weekly announcement states "we are continuing to bring in all the parts for mass production of our miners"
18th December [source] - Weekly announcement states "working with eASIC and our engineers to get our chip and boards in full production"


I can see why people would ignore what you post - or just ignore you generally.

They are Kobalt and there are six of them. There must be a Lowes somewhere nearby.

Those racks in the background also came from Lowe's. We can calculate the price of all that stuff.

First, Ken currently has all of the shares.  He's not even paying you the bitdust dividends.  You got nothing.

Secondly, it's a bit more deplorable to screw people out of millions & go on a holiday.

lol.. no he does not.

Ken has built a large production plant, with 3 (three) Harbor Freight workbenches.  This development was documented and announced last Wednesday:

http://s27.postimg.org/63vy7c2tv/product1.jpg

I'm afraid Vinny gets to slide.

I'd wish the $6m sales made me upbeat about ActM, but

* we don't see any dividends, why? There is absolutely no need to be on an exchange for that.

* shares are not on CT, even though this has been promised for a month

* we don't get any proof AT ALL that miners are assembled, chips are produced or the quoted sales are real.

I expect the next Wednesday update to contain something like "Going strong, chip production according to plan, development of a secure shareholder-server continuing"

You have completely discredited yourself.

"It may not be in the companies best interest for shares to be tradeable at this stage."? This is by far the dumbest thing I've read on this forum. I hope no one takes anything this man says seriously after this.

"Anybody who expected anything new between christmas November and new years day January is a fucking ignorant tool rational person" You tell me what has changed between November and January and I'll let you slide on this very unintelligent comment of yours."

You are by far the most misguided person on this forum. You defend Ken as if he can't answer for himself. Do not give the man excuses, he has had 3 months to think them up. He needs to answer for our share situation and elaborate on our equipment situation. If you don't think this is the case then you are the "fucking ignorant tool"

"First up, the first 0.0025 dividends go to shareholders only, so he owns 0% of that (or however many shares he's personally bought)"

If as long we don't have access to shares, and we don't have access to any company information then Ken owns everything. We don't have shit. .0025? Half of you guys thinking hes secretly mining on Eligius right now anyways. He seems to be paying himself too, I think hes made more money off ACTM so far than anyone else.


PS Please take a moment and read what I posted. It is very common for people on here to completely ignore what I post and try to explain some very WRONG misconception they have.

this is just ridiculous, straight up joke. ken doesn't give a flying fuck about shareholders he just wants profit for himself and his family .WAKE UP

KEN GET US UP AND RUNNING ON C-T!! some ppl wants to get out of your SHIT MISMANAGED COMPANY!  

Pre-IPO this is exactly what happens, but arguably without the requirements on reporting. Since we all invested in ActM at the startup stage we should consider ourselves pre-IPO startup investors.


First up, the first 0.0025 dividends go to shareholders only, so he owns 0% of that (or however many shares he's personally bought)

Secondly, being so unreasonable about somebodies holidays is deplorable. Everyone deserves a break especially considering all the little tantrum-ing children in here.

Thirdly Ken has to be careful about how he provides investors with information since he is already dancing on a fine line on thin ice with the SEC - as such he can't just answer questions willy nilly as it might be deemed to give certain shareholders an advantage.

Finally - it may not be in the companies (and by extension the shareholders) best interests for shares to be tradable at this stage. My personal view is ActM is better off NOT listing shares on another exchange, and making all share transfers private exchanges negotiated and executed between two individuals with only administrative help from the company. This is how most un-listed companies work, and its perfectly legal.

Anybody who expected anything new between christmas and new years day is a fucking ignorant tool.

Me out.