[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 478.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: Puppet on October 08, 2013, 05:13:46 PM

Quote from: bobdude17 on October 08, 2013, 05:09:14 PM

Does this run the risk of making ActM itself in violation of US law? Which unfortunatly happens to be grounded on US soil...

I thought it was based in belize. But unfortunately, it doesnt change anything. What is illegal is targeting unregistered securities to US citizens. Doesnt matter if the securities are shares in a US or Belize company. The only way around that is registering the securities with the SEC (and every other national security commission where you want to sell shares, the regulations are quite similar all over the world).

No, Active Mining Corporation is based in Belize, and with Bitfunder changing to not targeting US citizens, it will be legal. I am sure, if any other country, send Ukyo a C & D letter, he would just cut off those IP as well. Right now it is the SEC that is the problem, and that will be solved not serving US citizens.

Puppet

legendary

Activity: 980

Merit: 1040

Moving to yet another exchange isnt going to solve a thing, they will fold and block US citizens one after the other. And after US, they will block other countries when those security commissions wake up and smell the coffee.

Why not make it legal? AFAIK, registering a security with the SEC isnt so hard.

crumbs

full member

Activity: 210

Merit: 100

Quote from: auto2nr1 on October 08, 2013, 05:16:50 PM

,,,
Ken mentioned that there is a exchange that is in the works in case BitFunder has to shut down. Would you be able to open that up for us? (US citizens)

Look at the ActM website. Now imagine the same man building an exchange.

elasticband

legendary

Activity: 1036

Merit: 1000

Nighty Night Don't Let The Trolls Bite Nom Nom Nom

nice t see shares drop so low...

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

god what a horror show.

would love to go back to the days of the "the wall."

kleeck

hero member

Activity: 532

Merit: 500

https://karatcoin.co

Quote from: ishkur on October 08, 2013, 05:14:45 PM

I wanna buy direct shares

Or ken can you open up on havelock?

Last I checked they were not accepting new securities. Also, you'd better believe Topace won't touch US securities with a ten foot pole after all this drama. Us Americans are hung out to dry, man. Land of the free...

redbeans2012

hero member

Activity: 887

Merit: 1000

What if you just took the company private and avoided all this? Undecided

auto2nr1

sr. member

Activity: 350

Merit: 250

Quote from: kleeck on October 08, 2013, 05:09:54 PM

Quote from: kslaughter on October 08, 2013, 05:05:45 PM

Quote from: bobdude17 on October 08, 2013, 05:02:49 PM

Quote from: knybe on October 08, 2013, 04:41:10 PM

Quote from: kslaughter on October 08, 2013, 04:30:01 PM

Active Mining Corporation, seen this coming a long time ago, and has taken steps including incorporating in Belize and creating our own exchange in the event one is needed.

Isn't BitFunder offshore of USA?

How will your "offshore exchange" be any different?

Sorry, but this is the question that needs an answer. Personal share holding rebuttals can wait.

It will not be any different, it is there in the even Bitfunder was to close down, to protect our Investors. At this point we see that Bitfunder is staying open, unlike BTC-TC, to non US citizens.

Would you consider opening up an exchange for US holders to trade ActM shares on?

+1

Ken mentioned that there is a exchange that is in the works in case BitFunder has to shut down. Would you be able to open that up for us? (US citizens)

crumbs

full member

Activity: 210

Merit: 100

Quote from: kleeck on October 08, 2013, 05:09:54 PM

...
Would you consider opening up an exchange for US holders to trade ActM shares on?

Translation: Ken, are you prepared to become a felon?

ishkur

full member

Activity: 219

Merit: 100

I wanna buy direct shares

Or ken can you open up on havelock?

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: bobdude17 on October 08, 2013, 05:09:14 PM

Does this run the risk of making ActM itself in violation of US law? Which unfortunatly happens to be grounded on US soil...

I thought it was based in belize. But unfortunately, it doesnt change anything. What is illegal is targeting unregistered securities to US citizens. Doesnt matter if the securities are shares in a US or Belize company. The only way around that is registering the securities with the SEC (and every other national security commission where you want to sell shares, the regulations are quite similar all over the world).

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: bobdude17 on October 08, 2013, 05:08:05 PM

Quote from: kslaughter on October 08, 2013, 05:05:45 PM

Quote from: bobdude17 on October 08, 2013, 05:02:49 PM

Quote from: knybe on October 08, 2013, 04:41:10 PM

Quote from: kslaughter on October 08, 2013, 04:30:01 PM

Active Mining Corporation, seen this coming a long time ago, and has taken steps including incorporating in Belize and creating our own exchange in the event one is needed.

Isn't BitFunder offshore of USA?

How will your "offshore exchange" be any different?

Sorry, but this is the question that needs an answer. Personal share holding rebuttals can wait.

It will not be any different, it is there in the even Bitfunder was to close down, to protect our Investors. At this point we see that Bitfunder is staying open, unlike BTC-TC, to non US citizens.

Thanks for the quick reply. Any solutions for US investors?

Yes

Edit: I am sure there will be discussions on the board.

kleeck

hero member

Activity: 532

Merit: 500

https://karatcoin.co

Quote from: kslaughter on October 08, 2013, 05:05:45 PM

Quote from: bobdude17 on October 08, 2013, 05:02:49 PM

Quote from: knybe on October 08, 2013, 04:41:10 PM

Quote from: kslaughter on October 08, 2013, 04:30:01 PM

Active Mining Corporation, seen this coming a long time ago, and has taken steps including incorporating in Belize and creating our own exchange in the event one is needed.

Isn't BitFunder offshore of USA?

How will your "offshore exchange" be any different?

Sorry, but this is the question that needs an answer. Personal share holding rebuttals can wait.

It will not be any different, it is there in the even Bitfunder was to close down, to protect our Investors. At this point we see that Bitfunder is staying open, unlike BTC-TC, to non US citizens.

Would you consider opening up an exchange for US holders to trade ActM shares on?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: KCK402 on October 08, 2013, 04:56:14 PM

Ken: "Active Mining Corporation, seen this coming a long time ago"

Uh? Thanks for telling us...

All we could do is what we have done. We did not know for sure what was going to happen, but it has happened before to the "Global Bitcoin Stock Exchange".

bobdude17

sr. member

Activity: 454

Merit: 250

Quote from: knybe on October 08, 2013, 05:06:04 PM

Ken,
at this point wouldn't it be best to pull all US based shares off of BitFunder and go direct or something? I don't want anything to do with BitFunder.

Does this run the risk of making ActM itself in violation of US law? Which unfortunatly happens to be grounded on US soil...

bobdude17

sr. member

Activity: 454

Merit: 250

Quote from: kslaughter on October 08, 2013, 05:05:45 PM

Quote from: bobdude17 on October 08, 2013, 05:02:49 PM

Quote from: knybe on October 08, 2013, 04:41:10 PM

Quote from: kslaughter on October 08, 2013, 04:30:01 PM

Active Mining Corporation, seen this coming a long time ago, and has taken steps including incorporating in Belize and creating our own exchange in the event one is needed.

Isn't BitFunder offshore of USA?

How will your "offshore exchange" be any different?

Sorry, but this is the question that needs an answer. Personal share holding rebuttals can wait.

It will not be any different, it is there in the even Bitfunder was to close down, to protect our Investors. At this point we see that Bitfunder is staying open, unlike BTC-TC, to non US citizens.

Thanks for the quick reply. Any solutions for US investors?

redbeans2012

hero member

Activity: 887

Merit: 1000

Quote from: knybe on October 08, 2013, 04:34:34 PM

Quote from: kingcrimson on October 08, 2013, 04:33:16 PM

What will happen to US shareholders? If we do nothing.

+1

This is something that needs to be answered. Huh

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

Ken,
at this point wouldn't it be best to pull all US based shares off of BitFunder and go direct or something? I don't want anything to do with BitFunder.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: bobdude17 on October 08, 2013, 05:02:49 PM

Quote from: knybe on October 08, 2013, 04:41:10 PM

Quote from: kslaughter on October 08, 2013, 04:30:01 PM

Active Mining Corporation, seen this coming a long time ago, and has taken steps including incorporating in Belize and creating our own exchange in the event one is needed.

Isn't BitFunder offshore of USA?

How will your "offshore exchange" be any different?

Sorry, but this is the question that needs an answer. Personal share holding rebuttals can wait.

It will not be any different, it is there in the even Bitfunder was to close down, to protect our Investors. At this point we see that Bitfunder is staying open, unlike BTC-TC, to non US citizens.

bitwhizz

legendary

Activity: 910

Merit: 1000

Ok Kslaughter, you have made me feel alot better,i will be holding my active mining shares,(i'm non us citizen) thanks

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 478. (Read 771288 times)