[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 364.

auto2nr1

sr. member

Activity: 350

Merit: 250

Quote from: eiprol on November 16, 2013, 10:51:37 AM

Hi guys,

I think I'm in trouble. I've been with very busy the whole week, and I wasn't able to transfer my shares in time before 13th. I've got them still on Bitfunder.
What should I Do? I'm a bit pissed off...

No need to worry. Ken told me a few days ago just tender the shares ASAP.

eiprol

member

Activity: 117

Merit: 10

bitarchitect

Hi guys,

I think I'm in trouble. I've been with very busy the whole week, and I wasn't able to transfer my shares in time before 13th. I've got them still on Bitfunder.
What should I Do? I'm a bit pissed off...

shaofis

member

Activity: 106

Merit: 10

Ken,

Could you help clarify a few things for us?

On your Balance Sheet... "Pre-order sales" and "Pre-order Sales conv BTC" include the funds raised from AMC's IPO? Since these are two companies are these funds listed as liabilities to VMC until product is passed to AMC?

Are all employee salaries paid out of VMC?

Have any of your pre-order sales paid? Is VMC's cash flow at risk? $157,000 doesn't seem like enough to order chips and other hardware necessary to produce enough product to facilitate orders and existing liability to AMC.

Are we still on target to begin shipping this month?

Thanks,
Shaofis

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: kleeck on November 16, 2013, 10:23:11 AM

Would you consider setting up a different thread for your table and share auction?

Thanks!

Yes.

Regardless of my efforts to make another thread I promise to no longer bump my shares table.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: ?? on ??

Those foolish enough to buy would buy eikzbtc's outrageously expensive, though cheaper shares, no? This is all so new to me...

Sure Crumbs, you're so smart! How about this: Think of the table as an order book, this order book allows for the purchase of 301,925 shares in total. If the buyer wants less than 18,500 shares then none of mine get sold, if they need more then mine are up next.

Also if we get 3% of the hashrate 0.003 - 0.006 would no longer be "outrageously expensive". We are looking for buyers that may reap the rewards of ActiveMining outperforming even our expectations (more than 3% of the hashrate)

LorenzoMoney

sr. member

Activity: 335

Merit: 250

After reading an analysis by Kleeck of the meaning of the P&L published by Ken Slaughter, my offering of my shares is being revised.

As of the time of this posting, until such time that there is a viable public exchange for trading ActM stock, I will now offer all of my shares for .007 each. You may send 1183 to 1NAZhPAhVKNbek9rgXSTjk2v5FXuyGPqsS and send me a PM here or to my email address and a formal, digitally signed with that bitcoin address email will be sent to Ken to formalize the transfer. Block of 10K shares will now be offered for .008 per share, or 80 bitcoin per bloc of 10K ActM shares.

When the exchange becomes public, hashing starts in earnest and the price per share moves to .013, you will regret not having grabbed this offer.

kleeck

hero member

Activity: 532

Merit: 500

https://karatcoin.co

Quote from: drawingthesun on November 16, 2013, 10:18:40 AM

Quote from: ?? on ??

Quote from: drawingthesun on November 16, 2013, 10:05:07 AM

I am bumping up our trade table. Now Ken does not want to waste time dealing with share transfers so unfortunately you can't buy fractions of the amounts offered.

I am sure Ken will be ok with single large transfers.

Currently Eikzbtc has the best offer.

\|who	\|amount	\|price	\|price per share
LorenzoMoney	169,000	1014	0.006
drawingthesun	114,425	500	0.004369
eikzbtc	18,500	60	0.003243

Drawingthsun, you should snap up them cheap eikzbtc shares, and resell them at ur price. PROFIT!

Like I said earlier, I need cash at the moment and can't afford to buy more ActiveMining shares.

Would you consider setting up a different thread for your table and share auction?

Thanks!

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: ?? on ??

Quote from: drawingthesun on November 16, 2013, 10:05:07 AM

I am bumping up our trade table. Now Ken does not want to waste time dealing with share transfers so unfortunately you can't buy fractions of the amounts offered.

I am sure Ken will be ok with single large transfers.

Currently Eikzbtc has the best offer.

\|who	\|amount	\|price	\|price per share
LorenzoMoney	169,000	1014	0.006
drawingthesun	114,425	500	0.004369
eikzbtc	18,500	60	0.003243

Drawingthsun, you should snap up them cheap eikzbtc shares, and resell them at ur price. PROFIT!

Like I said earlier, I need cash at the moment and can't afford to buy more ActiveMining shares.

Sou

full member

Activity: 210

Merit: 100

(Bitcoin related text here)

Quote from: minerpart on November 16, 2013, 10:10:31 AM

Bar graphics, don't talk to or quote the Troll, it just encourages him.

You mean like you're doing?

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Bar graphics, don't talk to or quote the Troll, it just encourages him.

drawingthesun

legendary

Activity: 1176

Merit: 1015

I am bumping up our trade table. Now Ken does not want to waste time dealing with share transfers so unfortunately you can't buy fractions of the amounts offered.

I am sure Ken will be ok with single large transfers.

Currently Eikzbtc has the best offer.

\|who	\|amount	\|price	\|price per share
LorenzoMoney	169,000	1014	0.006
drawingthesun	114,425	500	0.004369
eikzbtc	18,500	60	0.003243

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

re - coinbase

That's the THIRD time today you have been majorly wrong VE. Time to give it a rest? Or is your ego too big to admit you are talking shit?

'lol'

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: VolanicEruptor on November 16, 2013, 09:56:20 AM

Quote from: Bargraphics on November 16, 2013, 09:51:02 AM

Quote from: VolanicEruptor on November 16, 2013, 09:49:09 AM

Quote from: minerpart on November 16, 2013, 09:44:40 AM

Quote from: drawingthesun on November 16, 2013, 09:39:46 AM

So no IPO funds were required for the first batch and all the other components needed to make the miners?

So the IPO money was for a chip design and that was all? Damn.

Well we don't know the specifics due to eASIC's NDA. We don't even know exactly how much was raised (FIAT) from the IPO. Don't get so worried, we have plenty of funds.

and nobody in their right mind would wait until they are ready to buy first batch chips, and THEN convert to fiat. Labken has already referred to the conversion process before as a "long and painful process". A good assumption: any BTC that was ever sent to him has already been converted. If there was any BTC left over then it should be in the report, but it's not.

You can get a preferred account on coinbase for a daily sell limit of 500 BTC. Receive the money 2 days after. It's not a very long and painful process anymore.

This is now. That was then. You think he held onto some BTC knowing that coinbase would eventually help him many months later? That makes no sense. Nobody knew to hold onto BTC either because nobody knew it would quadruple in price.

Let me help you navigate my response.

When he takes in BTC NOW from Sales it can be converted easily. That is all, if you read into this anymore especially with your shitty attitude all you would be doing is assuming and would be wrong.

The reports show he has cash to spend on the large batch purchase so why would he even need to convert BTC now?

INB4 "Liabilities and can't spend etc...." right, and this has stopped any company ever from doing so.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: Bargraphics on November 16, 2013, 09:51:02 AM

Quote from: VolanicEruptor on November 16, 2013, 09:49:09 AM

Quote from: minerpart on November 16, 2013, 09:44:40 AM

Quote from: drawingthesun on November 16, 2013, 09:39:46 AM

So no IPO funds were required for the first batch and all the other components needed to make the miners?

So the IPO money was for a chip design and that was all? Damn.

Well we don't know the specifics due to eASIC's NDA. We don't even know exactly how much was raised (FIAT) from the IPO. Don't get so worried, we have plenty of funds.

and nobody in their right mind would wait until they are ready to buy first batch chips, and THEN convert to fiat. Labken has already referred to the conversion process before as a "long and painful process". A good assumption: any BTC that was ever sent to him has already been converted. If there was any BTC left over then it should be in the report, but it's not.

You can get a preferred account on coinbase for a daily sell limit of 500 BTC. Receive the money 2 days after. It's not a very long and painful process anymore.

This is now. That was then. You think he held onto some BTC knowing that coinbase would eventually help him many months later? That makes no sense. Nobody knew to hold onto BTC either because nobody knew it would quadruple in price.

kleeck

hero member

Activity: 532

Merit: 500

https://karatcoin.co

Quote from: VolanicEruptor on November 16, 2013, 09:49:09 AM

Quote from: minerpart on November 16, 2013, 09:44:40 AM

Quote from: drawingthesun on November 16, 2013, 09:39:46 AM

So no IPO funds were required for the first batch and all the other components needed to make the miners?

So the IPO money was for a chip design and that was all? Damn.

Well we don't know the specifics due to eASIC's NDA. We don't even know exactly how much was raised (FIAT) from the IPO. Don't get so worried, we have plenty of funds.

and nobody in their right mind would wait until they are ready to buy first batch chips, and THEN convert to fiat. Labken has already referred to the conversion process before as a "long and painful process". A good assumption: any BTC that was ever sent to him has already been converted. If there was any BTC left over then it should be in the report, but it's not.

The "long and painful process" was for the NRE payment, which eASIC took in fiat, thus requiring Ken to convert.

There is certainly BTC in the ActM accounts which will be reflected in the ActM report, this is the VMC report. VMC will only have BTC if someone has paid for a miner in BTC. Once we see what ActM is holding, on Nov. 30th, we'll be able to see the complete financial picture.

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: VolanicEruptor on November 16, 2013, 09:49:09 AM

Quote from: minerpart on November 16, 2013, 09:44:40 AM

Quote from: drawingthesun on November 16, 2013, 09:39:46 AM

So no IPO funds were required for the first batch and all the other components needed to make the miners?

So the IPO money was for a chip design and that was all? Damn.

Well we don't know the specifics due to eASIC's NDA. We don't even know exactly how much was raised (FIAT) from the IPO. Don't get so worried, we have plenty of funds.

and nobody in their right mind would wait until they are ready to buy first batch chips, and THEN convert to fiat. Labken has already referred to the conversion process before as a "long and painful process". A good assumption: any BTC that was ever sent to him has already been converted. If there was any BTC left over then it should be in the report, but it's not.

You can get a preferred account on coinbase for a daily sell limit of 500 BTC. Receive the money 2 days after. It's not a very long and painful process anymore.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: minerpart on November 16, 2013, 09:44:40 AM

Quote from: drawingthesun on November 16, 2013, 09:39:46 AM

So no IPO funds were required for the first batch and all the other components needed to make the miners?

So the IPO money was for a chip design and that was all? Damn.

Well we don't know the specifics due to eASIC's NDA. We don't even know exactly how much was raised (FIAT) from the IPO. Don't get so worried, we have plenty of funds.

and nobody in their right mind would wait until they are ready to buy first batch chips, and THEN convert to fiat. Labken has already referred to the conversion process before as a "long and painful process". A good assumption: any BTC that was ever sent to him has already been converted. If there was any BTC left over then it should be in the report, but it's not.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: ?? on ??

Quote from: minerpart on November 16, 2013, 09:36:05 AM

... Including a 1Mill USD order, which I'm not sure was or wasn't genuine.

The hallmark of accounting awesomeness! Cheesy

Crumbs, its not even on the report it was just a thing Ken said in the thread. Jeez talk about blowing things out of proportion!

EDIT: We would see on the next report if Ken actually took money or not, but regardless we should see hashing way before the next quarterly report!

Crumbs, you might want to buy in now...

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Quote from: drawingthesun on November 16, 2013, 09:39:46 AM

So no IPO funds were required for the first batch and all the other components needed to make the miners?

So the IPO money was for a chip design and that was all? Damn.

Well we don't know the specifics due to eASIC's NDA. We don't even know exactly how much was raised (FIAT) from the IPO. Don't get so worried, we have plenty of funds.

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Quote from: VolanicEruptor on November 15, 2013, 10:27:38 PM

I know there are at LEAST a few shareholders who recall this. Maybe it wasn't 20, but I can't remember the exact amount because Ken deleted his own post.. pathetic

Another thing VE was wrong on today.

It was Bargraphics that mentioned the 25TH/s. Maybe VE you should post a bit less - or atleast think a bit before you embarrass yourself yet another time.

'lol'

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 364. (Read 771302 times)