[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 48.

navitatl

member

Activity: 119

Merit: 10

Quote from: minerpart on February 03, 2014, 06:37:16 PM

All 10mill shares get divs no matter what people pay for them and we can only take 106btc from these assets - no more. Its not so hard to understand.

If Ken sold them at 0.01 we would still only make 106 btc from them.

nav there are no rules Ken can offer them to the market at any price - what rules??

So you're telling me if someone had bought up all 230k shares at .01, Ken would have sent the excess BTC back to Ukyo?

Obviously Ken can do whatever he want because he's the only one with shares, but from a business standpoint it doesn't make very much sense. And I have to agree with VE that it comes across very much like an exit strategy.

Just call the share value .0005. Boom, we've got 115 BTC worth of assets back from Ukyo. If they appreciate in the future, the company will be in even better shape.

JoTheKhan

sr. member

Activity: 378

Merit: 250

Miner people are upset (me included) because it seems Ken's plan all along was to sell these shares before we got access to ours. We were supposed to have access to ours by now but we don't.

Does ken need 106BTC right now? ( he shouldn't )

He is actively lowering the price per share when so many people want out. So many people want out of this company, but who the hell wants to compete with Ken lowering the price to .0005 and maybe even lower

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

All 10mill shares get divs no matter what people pay for them and we can only take 106btc from these assets - no more. Its not so hard to understand.

If Ken sold them at 0.01 we would still only make 106 btc from them.

nav there are no rules Ken can offer them to the market at any price - what rules??

interJ

newbie

Activity: 37

Merit: 0

Quote from: kslaughter on February 03, 2014, 06:05:57 PM

Quote from: navitatl on February 03, 2014, 06:03:13 PM

Quote from: thefunkybits on February 03, 2014, 05:57:02 PM

Ukyo's 230K wall on Crypto Trade has just moved down to .0005!
Another shot at IPO #1 prices Shocked

Why would you do this, Ken? Huh

To recover the 100 BTC owed to Active Mining plus cost. Ukyo had 10 days to pay Active Mining the 100 BTC plus cost and he has failed to pay that. So, we are selling his shares to pay his debt.

While we're all keen to throw about deadlines for people, maybe we should give you ten days to get shares back in shareholders hands. You don't really seem to be too concerned about us.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: mainline on February 03, 2014, 06:30:45 PM

@idiots above:

If Ken is planning to honor his .0025 per share promise, he is effectively taking out a loan @ 400% interest by selling those shares @.0005.

Learn to money. Cheesy

500%

navitatl

member

Activity: 119

Merit: 10

Quote from: minerpart on February 03, 2014, 06:26:35 PM

navitatl

You don't understand lien. We can not legally take any more than 106 btc from these assets. We can't keep the divs then sell shares to the value of 106btc.

Then why were they all for sale at .001? Because the rules are made up as we go along.

mainline

newbie

Activity: 56

Merit: 0

@idiots above:

If Ken is planning to honor his .0025 per share promise, he is effectively taking out a loan @ 400% interest by selling those shares @.0005.

Learn to money. Cheesy

MilkyWayMasta

full member

Activity: 221

Merit: 100

Quote from: navitatl on February 03, 2014, 06:22:44 PM

Quote from: minerpart on February 03, 2014, 06:19:19 PM

Quote from: navitatl on February 03, 2014, 06:09:37 PM

You're basically throwing away .002 "investor guaranteed" BTC per share when you sell at that price. It's a very questionable choice IMO.

That's not correct. Every share gets the same div payout and it doesn't matter who owns them or what they paid. ACtM will only get their lost money back from this no more. So the price they go for has zero impact on us so long as we make our BTC back.

If each share is going to receive .0025 in dividends, then selling them for .0005 is an undervaluation of company assets, and a poor decision.

Hold the shares, let the dividends flow back into the company. If you have to sell them at a "bargain" to get rid of them, why sell them at all. Do you need the BTC, Ken?

I don't speak up much on here but this is choice reflects VERY poorly on the company and your opinion of its future.

He gave Ukyo 10 days to pay up the funds, he didn't so Ken is liquidating his shares.

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

navitatl

You don't understand lien. We can not legally take any more than 106 btc from these assets. We can't keep the divs then sell shares to the value of 106btc.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: navitatl on February 03, 2014, 06:22:44 PM

Quote from: minerpart on February 03, 2014, 06:19:19 PM

Quote from: navitatl on February 03, 2014, 06:09:37 PM

You're basically throwing away .002 "investor guaranteed" BTC per share when you sell at that price. It's a very questionable choice IMO.

That's not correct. Every share gets the same div payout and it doesn't matter who owns them or what they paid. ACtM will only get their lost money back from this no more. So the price they go for has zero impact on us so long as we make our BTC back.

If each share is going to receive .0025 in dividends, then selling them for .0005 is an undervaluation of company assets, and a poor decision.

Hold the shares, let the dividends flow back into the company. If you have to sell them at a "bargain" to get rid of them, why sell them at all. Do you need the BTC, Ken?

I don't speak up much on here but this is choice reflects VERY poorly on the company and your opinion of its future.

its obviously an exit strategy, there is nothing left of ActM. No successful CEO would sell shares for 5x below IPO. Cheesy

navitatl

member

Activity: 119

Merit: 10

Quote from: minerpart on February 03, 2014, 06:19:19 PM

Quote from: navitatl on February 03, 2014, 06:09:37 PM

You're basically throwing away .002 "investor guaranteed" BTC per share when you sell at that price. It's a very questionable choice IMO.

That's not correct. Every share gets the same div payout and it doesn't matter who owns them or what they paid. ACtM will only get their lost money back from this no more. So the price they go for has zero impact on us so long as we make our BTC back.

If each share is going to receive .0025 in dividends, then selling them for .0005 is an undervaluation of company assets, and a poor decision.

Hold the shares, let the dividends flow back into the company. If you have to sell them at a "bargain" to get rid of them, why sell them at all. Do you need the BTC, Ken?

I don't speak up much on here but this is choice reflects VERY poorly on the company and your opinion of its future.

gaba

sr. member

Activity: 249

Merit: 250

Quote from: kslaughter on February 03, 2014, 06:12:49 PM

Just want to recover Active Mining BTC, while we can. These are a bargain and should go very quick.

Nice move. Now we all know that shares are worthless.

JoTheKhan

sr. member

Activity: 378

Merit: 250

Quote from: kslaughter on February 03, 2014, 06:12:49 PM

Quote from: navitatl on February 03, 2014, 06:09:37 PM

Quote from: kslaughter on February 03, 2014, 06:05:57 PM

To recover the 100 BTC owed to Active Mining plus cost. Ukyo had 10 days to pay Active Mining the 100 BTC plus cost and he has failed to pay that. So, we are selling his shares to pay his debt.

Wouldn't it make more sense to just destroy his shares, rather than push the price down to pre-IPO levels before anyone even has the chance to trade?

You're basically throwing away .002 "investor guaranteed" BTC per share.

Just want to recover Active Mining BTC, while we can. These are a bargain and should go very quick.

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Quote from: navitatl on February 03, 2014, 06:09:37 PM

You're basically throwing away .002 "investor guaranteed" BTC per share when you sell at that price. It's a very questionable choice IMO.

That's not correct. Every share gets the same div payout and it doesn't matter who owns them or what they paid. ACtM will only get their lost money back from this no more. So the price they go for has zero impact on us so long as we make our BTC back.

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Quote from: kslaughter on February 03, 2014, 06:12:49 PM

Quote from: navitatl on February 03, 2014, 06:09:37 PM

Quote from: kslaughter on February 03, 2014, 06:05:57 PM

To recover the 100 BTC owed to Active Mining plus cost. Ukyo had 10 days to pay Active Mining the 100 BTC plus cost and he has failed to pay that. So, we are selling his shares to pay his debt.

Wouldn't it make more sense to just destroy his shares, rather than push the price down to pre-IPO levels before anyone even has the chance to trade?

You're basically throwing away .002 "investor guaranteed" BTC per share.

Just want to recover Active Mining BTC, while we can. These are a bargain and should go very quick.

Great reading that from the CEO of the security everyone here is a shareholder. The rats are leaving the sinking ship... something like that is the sound of it.

And like i guessed... we wont trade until these stupid 100BTC are back...

navitatl

member

Activity: 119

Merit: 10

Quote from: kslaughter on February 03, 2014, 06:12:49 PM

Just want to recover Active Mining BTC, while we can. These are a bargain and should go very quick.

That implies little confidence that each share will receive .0005+ in dividends in a reasonable time frame. Otherwise THAT would be the best way to "recover Active Mining BTC".

mainline

newbie

Activity: 56

Merit: 0

Quote from: minerpart on February 03, 2014, 06:07:39 PM

Good job. Lets get this money back onto the ACtM balance sheet asap.

Jesus what a bargain.

Yeah! Say you love it!

Edit: Where is Tink when you need her?!

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: navitatl on February 03, 2014, 06:09:37 PM

Quote from: kslaughter on February 03, 2014, 06:05:57 PM

To recover the 100 BTC owed to Active Mining plus cost. Ukyo had 10 days to pay Active Mining the 100 BTC plus cost and he has failed to pay that. So, we are selling his shares to pay his debt.

Wouldn't it make more sense to just destroy his shares, rather than push the price down to pre-IPO levels before anyone even has the chance to trade?

You're basically throwing away .002 "investor guaranteed" BTC per share.

Just want to recover Active Mining BTC, while we can. These are a bargain and should go very quick.

JoTheKhan

sr. member

Activity: 378

Merit: 250

Quote from: kslaughter on February 03, 2014, 06:05:57 PM

Quote from: navitatl on February 03, 2014, 06:03:13 PM

Quote from: thefunkybits on February 03, 2014, 05:57:02 PM

Ukyo's 230K wall on Crypto Trade has just moved down to .0005!
Another shot at IPO #1 prices Shocked

Why would you do this, Ken? Huh

To recover the 100 BTC owed to Active Mining plus cost. Ukyo had 10 days to pay Active Mining the 100 BTC plus cost and he has failed to pay that. So, we are selling his shares to pay his debt.

Lol.. Someone bought 60 shares at $8 each only for the shares to drop down to $0.4 right after..

navitatl

member

Activity: 119

Merit: 10

Quote from: kslaughter on February 03, 2014, 06:05:57 PM

To recover the 100 BTC owed to Active Mining plus cost. Ukyo had 10 days to pay Active Mining the 100 BTC plus cost and he has failed to pay that. So, we are selling his shares to pay his debt.

Wouldn't it make more sense to just destroy his shares, rather than push the price down to pre-IPO levels before anyone even has the chance to trade?

You're basically throwing away .002 "investor guaranteed" BTC per share when you sell at that price. It's a very questionable choice IMO.

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 48. (Read 771280 times)