Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 467. (Read 771288 times)

We will be posting the procedure for transferring shares as soon as the final site testing and setup is finished.

Awesome! When can we transfer the shares we have on Bitfunder, and what will the procedure be?

Short Term Solution:

We now have a solution to the Bitfunder problem for our Investors who choose or are forced to not stay on Bitfunder.  Our own Stock Exchange is finished and is undergoing final implemtation testing and setup.  Due to the current environment we will not be enabling trading on this site; however, it will be used to store anyones shares and to pay dividends.

After we obtain legal advice which says that we are ok to do this, we will implement on the site, a direct escrow transfer system.

Long Term Solution:

We will implement a direct transfer system using colored coins.

That means like $1.3mil in sales in september, up from:
August sales:
Total           $89,969.00
July Sales:
Total             $20,495.00

Extremely promising!

These sales figures are very promising and give a clear indication that the company is heading in the right direction.

Looks as though we'll have no problems financing the first run on chips. 

While Ken's minimalistic approach isn't to everyone's taste and is often ridiculed, I think those who contribute to and read this thread, who actually matter, will be used to this by now.

After all, when the day comes that we start receiving significant divs people will be too busy rejoicing to care about Ken's language skills over his ability to set up mining farms and deliver high end miners on time.

Ken has stated that by the end of October he will have released a  three month P&L statement and balance sheet.

This is nice and all but where are the rest of the numbers? This is not even a half of the full picture
is the 15th the date for complete fin. report?

Ain't buyin what your shovelin.

Web design aside (all hail Ken's amazing web site design!), Asicminer has distributors.  Ken has just himself.  It's that simple.   You don't see farmers advertising their own beef, because they don't have to.

Don't be a doof, absolutely not the same thing. And besides have you seen the page for asciminer on btcguild? Not exactly prime webby award winner.

It amuses me that Ken posts a biggy and this is what you focus on.



go figure rich kids.

I uh heard somewhere that uh... Asicminer doesn't need a site because they have DISTRIBUTORS who have sites of their own (look at BTCguild or WTCR).  uhhhhhhhh!

I uh heard somewhere's that uh... asicminer, big selling rig maker, doesn't even have a site.

good progress

I can only imagine what those sales would look like if we were actually visible out there to the consumer. I'm wondering if this slow-roll approach might actually be more beneficial in the long run - perhaps we can avoid getting ahead of ourselves by not creating a large backlog of customers waiting for their pre-orders, and maintain a good standing with the mining community.

Once the miners do start rolling out though, and people see another company that actually delivers, i'd love to see our marketing switched into overdrive.

WTB 10k shares at .00075 using escrow and direct share transfer.

Excellent news considering all the BS going on lately. Keep up the good work Ken.

short but impresssive. we are couting on you ,i am a long term inverstor.

These updates are very reassuring. Thanks Ken 

3rd Quarter 2013           $1,404,217

That's quite impressive. Future looks promising - glad to be a part of it!
With the competition faltering, I'm putting my chips on Ken!

I do not code HTML and do not know how hard it is to make a site. Imho opinion from what I've seen from other websites that sell products the website for AMC/VMC is subpar. That said, I have not been one to complain about the direction of the company ( I am not a cheerleader though ) but I do not believe that just because growth rate is estimated to have to lead to 10million USD Revenue (from where?) a year means the site is the best it can be.

Even if the site is good, why not make it better? Have we met the point of diminishing returns on how good the site can be yet? I don't think so. The site being better and AMC/VMC having a better Marketing Strategy in place could lead to 20million USD Revenue in 12 months, so why do you sound like you are settling for 10million?

Also, if the company is looking at 10million a year in revenue, then does the company now have enough to employee someone to make a better site? Is this up for discussion, I'm not sure where Ken stands on this as I've believe I heard him deny help for the site before.

P.S. Ken, I think you're doing an awesome job. I feel as though with the shit + fan combination going on over at the Labcoin thread and the closure of BTCT and Bitfunder, you are now facing a lot more pressure than you have been before. I just want you to know that you have a lot of our support.