Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 284. (Read 771288 times)

From the Crypto-Trade thread:

Wasubii,

You have the right to not write to me and not make an offer.

Someone else will see this as an opportunity and will happily take the risk and will benefit from that decision.

To everyone else: Refer to this---> https://cryptostocks.com/securities/56

Seems like the price of ActM stock is .00605

Those 69000 shares have a value of 417.45 bitcoin on that exchange and they are being offered for 100 bitcoin privately.

So your offer is 69,000 shares at ~0.00145 /share

At the moment this is a very high risk investment - i would say even more high risk now than it was at the start.

I can see your reasoning as to why you think this is a good deal for the buyer but personally, i wouldn't touch shares at that valuation. My average cost was lower than that and with the current high levels of uncertainty, i would only ever want to bring the average cost down, not up.

The guarantee from Ken for 0.0025 per share is not a certainty. There is a big difference between a personal guarantee and a certainty. Time will tell whether or not Ken is ABLE to uphold his guarantee.

Ken promised .0025 dividends for every share of ActM.  I have 169K shares. According to Ken's promise, they are worth at least 422.5 bitcoin. I am willing to part with 69000 of those shares for 100 Bitcoin. That is 69000 shares for 100 btc.  If Ken keeps his promise, those 69000 shares will yield you 172.5 bitcoin in dividends. You will make a profit of at least 72.5 bitcoin (or a profit of $65,430 USD at current prices) from this transaction with me.

Previously, I had offered all of my shares for sale, but, now I am only offering 69000 because I suspect Ken might come through, but I want money now to buy a new motorcycle.

If you are interested in this opportunity contact me so we can arrange the transfer.

69000 shares of Active Mining for 100 Bitcoin.

A private message gets you started.

PurpleTentacle,

Thank you for posting that.
There is a strong chance that Ken will pull through and that the recent discrepancies regarding alleged law suits with BF are just misunderstandings and that Ken, will actually give us all a wonderful Christmas present by announcing that he succeeded in transferring everyone's shares to a new exchange and that large scale, mega terra hash mining is going on.

Based on the local time in the user's profile (GMT +0), they are probably located in the UK and therefore must have visited this address:

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
95 Wilton Road
Suite 3
London
SW1V 1BZ
United Kingdom
Fax: +44 (0)20 3004 1756


So, I don't think that's something to worry about.

Have any of you seen this: https://bitcointalksearch.org/topic/m.3767557

Apparently that fellow visited the offices of VMC

Several of my postings have been deleted. The person who deleted them seems to be Maged
 https://bitcointalksearch.org/user/maged-6347
This is in no way a criticism of Maged or his editorial decisions. It is simply a statement of fact of who it seems has edited my postings.

SS is a Securities mod if I'm not mistaken. Pretty sure its been Ken. Guess we hurt his feelings. :\

This is not a personal attack. This is not an attack at all. This is no way an ad hominem attack.

This is a direct confrontation because I feel that Ken does have certain responsibilities to those who have given him money as an investment in his company.

The real issue is that Ken is vague and not clear when he communicates, some of us have a great deal invested...er.....on loan with Ken and Active Mining, and we see other companies successfully shipping and delivering their miners. We see other companies fail and we see other full out scams. We hope that Ken and ActM are just like Butterfly Labs, in that they will deliver and are  just be very slow to ship product. Butterfly Labs did some unethical things, had bad customer service, but they did finally deliver, albeit way too later for any real ROI until the price of BTC shot up.

Ken keeps using NDA as an excuse. Having never been bound by an NDA agreement, I have no idea if it really is as restrictive as Ken makes it out to be. Could he give weekly reports that are not in violation of the agreement, but which share about his progress?

Long ago, I suggested to Ken that he put a PR person in place to help him with more frequent bulletins and to help him write more clearly. He assured me he was thinking of doing that. (Mind you, this was months ago.) Then there was talk and pressure to create a board of directors, which became an advisory board. Ken selected someone else to be PR guy. I admit, I was a little disappointed, and when I addressed this with Ken, he assured me not to worry. That new PR person was a little snotty with me several times, and I admit, that being one of the top ten shareholders, I did and do expect to be treated with a certain deference. Spoke to Ken again and he reassured me not to worry about not being selected for the advisory board. I accepted Ken's reassuring reassurance not to worry, and given that the whole advisory board got frustrated with Ken and resigned, maybe Ken was hinting that not being on the board would mean my friendship with him would be preserved since he and I would not be placed in a situation where I would have to get frustrated with his reticence.

Yup! I miss VBS, and I agree with VE at times, and crumbs is a little creep, but a funny, nasty little creep. And, if only I had sold all my shares of Active Mining when it had shot up to .007, and then, if only I would have had patience to wait to sell when bitcoin went over $1000, I would be happy, smug and retired now.  But, the lessons of investing in high risk investments is that one needs brass testicles. Mine are not made of brass. Then BitFunder closes, Ken's promises don't come through, and we have no exchange on which to trade.

This thread is filled with FUD and speculation and more gossip than a barbershop or women's hair salon, or maybe more gossip and nonsense than in a school yard with elementary school girls.

Ken's last public statement was hopeful. It was comparatively well written. Obviously, Ken asked someone else to either proof read for him, or help him compose it. If Active Mining is failing, we all would like to know. If Ken cannot get substantial  hash rate and get enough of a farm up and mining, then he should be a man and admit defeat and liquidate assets and distribute it all to all share holders. If Ken has some solid long term plans, then he should have a weekly statement that is as well written as the last longer statement and should ignore responding to dweebs on this thread individually. A weekly statement without individual responses would do a great deal to reduce FUD.

Ken has made public statements that he has initiated a law suit against Ukyo/BF/WEEX regarding 100 BTC that he has been unable to withdraw from Ukyo's exchange. I asked Ukyo about this and Ukyo said that he is unaware of any law suit. Perhaps I misunderstood Ken's public posting. Perhaps I was not clear when I communicate with Ukyo. Either someone is lying, or there is some terrible misunderstanding.

Yes, boys, I have boasted about how many shares of ActM I hold. Here is what I want:
1) Ken will be more communicative and less vague
2) There will be a viable exchange. (It seems that cryptostock may be that exchange. It would be nice if it could be on a distributed, decentralized exchange.)
3) Ken will provide more information regarding dates of when he expects to have shipping of ordered product be in full run.
4) Ken will will provide more information about when mining will be happening on Active Mining manufacture equipment, meaning a date when mining will be happening.
5) Ken will provide a number and bitcoin address of how many terrahash are mining and where the mining proceeds are going. My suggestion is that ActM use the Eligius mining pool.

How will ActM stock increase in value? First of all, it has to be publicly tradeable. It also has to have some real and some emotional value. Ken has promised a certain minimum amount of dividends, so in that effect, we do not own stock, but own bond shares. A bond is a loan.

When ActM finally does mine, dividends will come from mining proceeds, so there will be value do to expectation of future returns. And, after all this, if Ken does succeed with the 5 points above, he will have vision to develop and evolve the company so it will make money from future ventures.

Someone I communicated with who knows Ken from his pre-bitcoin past told me that he thinks Ken is a "genius engineer".  Maybe that is true. I do hope it is true. I also hope that Ken discovers that he has an ethical and moral obligation to communicate better with those who have trusted him with their money.

I've been censured today as well, I don't think it's Ken because I've check to see if he's online when it happens… who's this SaltySpitoon character?

EDIT: oh never mind.

Maybe he just doesn't like British insults. What a tosser.

Seriously,  is it against the rules for us to have a laugh now and again? Jesus...

Seriously Ken, you deleted every single one of my posts from today, half of which were defending you and your company? Sorry, but what exactly constitutes having a post deleted? Obviosly it isn't trolling, since that is rampant. Are you mad that I dare to ask questions that many of us are wanting answered? How incredibly childish.

EDIT: Okay, it wasn't all of them, but it was the majority. Word to the wise (or lack thereof): censoring valid criticism is not a way to instill confidence. We're in a post Labcoin market. Radio silence and deleting posts are not going to do this company any favors.

Its the Chi-coms or KNC.

looks more intense on this chart.

http://bitcoindifficulty.com/

Perhaps Ken wants to surprise us all come Christmas time. He doesn't want to let us know what we are getting before we open it.

http://bitcoinwisdom.com/bitcoin/difficulty

got a link?

If 80% of his profits were going to be mining based, he would have at least hinted at it by now.  I find it very hard to believe that someone who raised $1,000,000 from our wallets would have intentions of a mining farm without even mentioning it in an announcement.  If it was his agenda he would be so giddy about it he would be EXCITED to tell us.  Now keeping that in mind, Ken is also not stupid enough to ignore mining completely when Bitcoin is $1000/coin.    The only way I can make both of these assumptions which I have mentioned above is to to secretly mine.
They are not exaggerated assumptions by any means... I think the most logical person would conclude that this is likely given the nature of his announcement and refusal to even talk about mining at all

I think the best compromise to temporarily settle our fears is to put the avalon refunds directly into our own mining so we at least know for sure we have something that brings in precious Bitcoin without going the fiat-->bitcoin route through sales profits.  We should vote on it, I bet most of us would say yes.   I can guarantee that Ken won't offer this option, because he knows that production is limited.. so why would he give any of it to us?  He's better off to return the refunds to us in a dividend to keep the eASIC queue relieved for himself.