Topic: Re: [ActiveMining] Lawsuit Discussion - page 3. (Read 7991 times)

+1 agreed
this company could use a little improvement in public perception right now if you want the share price to rise at all.
I know Ken is MOSTLY 99.9999% responsible for this and doing a lousy job... but threads calling for lawsuits don't help either. you should probably delete. Its not like he is Kenilworth, who outright took money and disappeared... ActM is simply a poorly run show, sorry to say. Let it do what it does and hope for a little "uptick" It's better than zero.

I would agree. Since shareholders can now exit, it would not make sense to take legal action, from a financial standpoint.

As soon as my shares are listed, I'm out. I simply don't see this venture succeeding. He has made improvements, but the communication issues alone are too much. Customer service is a mess, and who knows where the financials are?

What is a bowel movement?

I'm a very large shareholder, and I would be strongly against any legal action at this moment.

We are finally seeing some movement by Ken, and I think it is best to give him time to keep the momentum going.

We now have our shares, mining is happening, there is improvement.

We still need to know more, and for more to happen, but now is the time to allow that to happen.

If it doesnt, then we can revisit thoughts of legal action.

Taking action now would be shooting ourselves in the foot, and a sure way of killing any hope of return of wealth.

It's this unreasonable censorship that has made me take a step back and ask what exactly is going on here. They are not conspirators just ignorant, morally superior die hards with a diminished sense of reality. They are also arrogant fascists unwilling to let others have their fair say.

This is so over, it never really had a chance with Ken solely  in charge. These brown shirts will have faith in their leader  till the end though.

Yep miner, I was just censored for pointing out he had a free site already created for him and shot it down in favor of his with mtgox addon and to lose our money excuse.  I wonder if the hardcore actm thread people who manage that account can be considered part of actm or liable alongside Ken for the lies told to shareholders and misuse of company funds.  Probably not unfortunately

I posted this in the "official" thread https://bitcointalksearch.org/topic/m.6267625

One of many points was to say that I was holding off on taking legal action.  When Ken was to release his financial reports I knew it wasn't going to happen.  Part of the problem is how his business is defined and the functions it performs.  In speaking with my lawyer, he even told me to be surprised if we ever see those reports.  He being a manufacturer and distributor of bitcoin machines, a miner, a security operator and how he incorporated two companies rather than just one make tax and financial implications not only complicated but massive.  The least of Kens worries will be his shareholders when the government decides to slam the book on his 75 year old head, and that is probably his mentality now even if the SEC, FinCEN or IRS have not begun to investigate.

Simply put, Ken jumped into an ocean 30 miles from land without a raft, life jacket or the ability to swim.  He really didn't think about the long term catastrophe he was setting in motion.  If he isn't looking at the world in a uniform and behind bars in 1-2 years time I would be incredibly surprised.

I am out of town this week, but I have emailed with my council, if I get any more important information regarding what we have here I will gladly pass them along.  Regardless of the short term prospect of a return, I don't see anything happening soon.  A return, any kind of return, would be nice, poetic justice would be the cell.

What is one thing Danny Brewster and Kenneth Slaughter do not have in common?  It is only one thing...

Danny knew to run and hide... Ken is slower mentally and physically, his exit will take much longer.

Good info lobbes. I guess they are talking about losses of a few k per claimant - so 30 x 2k is around 60k total losses. We will have a lot more than that he took what a million dollars? And obviously everyone is in the same boat so everyone has incurred a loss.

So the claim is a good one, i'll be contacting them via their form submission tomorrow. If they want to call me back international rates ill let them pay the call fee.

Great question, but I am certainly no lawyer. My main purpose of this thread is to get the ball rolling.   

This source says 'Although it sometimes helps if several people are named as plaintiffs in the suit, a single person is generally enough to file a lawsuit so long as the attorney for the class has a good faith belief that a number of other people were injured in a similar way. It generally takes at least 30-50 people with similar claims, and sometimes many more, to qualify as a class action.'

I would love it if someone who is a little more versed in the law could weigh-in.

Either way, if you are in, it wouldn't hurt to contact Wood Law Firm: http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation

@bitlind - let us know any info you can once you speak with your lawyer.
 

I have my own lawyer but am going to be speaking with them regarding this class action suit and due course.  If it makes more sense from here, and joining together to bring some sort of balance to this inept individual, I will be all for it.

Comedy abound, the reality is probably this:

Ken is just so bumblingly inept, compounded by his Asperger's and social anxiety, he failed and failed time and time again in his dreams of hitting it big as an entrepreneur.  Bitcoin just gave him an avenue to affect even more people with his stupidity, he crowd funded it.  That should be a new trademark for him

Crowd Funding my ineptitude since 2013!

How many shareholders do we need for the class action lobbes? Count me in I know Ken won't be getting back on any of these points - if he even got a chance to read them before they were deleted by his really smart Mod team.

Agreed 100% and I can speak only for myself, I do not attack others in that thread.  The rallying cry "Ken needs to act now" has been beating for the better part of a year now.  He clearly doesn't give a shit about anyone of us, he even says he is 100% honest with us.  He bold face lies to everyone then comes on here to say he is honest with us, that right there is a slap in the face.  The man is an old, washed up, has been, who displays this image of being an engineer... people ate that up, I know I did early on.  Only until I talked to him several times over the course of 3-4 months did I start to feel odd, but so many behind him and an Advisory Board, I thought he couldn't screw it up with all the help he was thought to be receiving.  Then shares stop trading, board disappears, each supporter turns a 180 but is replaced by a new supporter.  FUD turns into certainty and we are left here.  The guy cant code, he can't even manage his own Exchange server, he can't even communicate verbally let alone communicate in a proper sentence structure on this site.  He can't remember lies told two weeks ago and has to lie more to cover it up currently.  The guy is a sad excuse for what is bitcoin and what has become of those inside of bitcoin who work with him.  He will just be a lesson learned for many years down the line, and I will look back at this and laugh at the legacy he leaves behind.  If my last name was Slaughter I would be looking to change it.  If I was married to this man, I would be signing with my maiden name.  If I were Micah, I would delete every single front facing social media account immediately and hide from the shame his father has put on his name.

Like I have said in the past, it is with great surprise that someone hasn't shown up on his doorstep and taken matters into their own hands.  

I guess you should see some sense then. You are not getting moderated by "Zum".

Sorry about off topic Lobbes, continue on.

If it wasn't him who banned me and is doing all the deleting I could see the sense in that, as it is I think he just wants us to back Ken till the bitter end.

Personal drama aside, the damage to this company lies squarely on Ken's shoulders.

We can fight all we want about the censorship issue, or trolling, or FUD, but that is just a red herring. Always has been. Hell, I wouldn't be surprised if Crumbs was actually Ken at this point.

Zum has a point that we shouldn't be wasting our time attacking each other, however I would say we need to be rallying against the true cause of this (Mr. Slaughter)

If we weren't living in a vacuum of information, Trolls wouldn't have too much to troll about.

EDIT:


+1

My point, exactly

Ken has him beat, but I side with you miner... no reason to be giving you, one of the biggest supporters of all time the boot simply because you question things now.  The hypocrisy of those who control Actm Thread is the staggering part... someone should delete his worthless post here since it doesn't add anything to the lawsuit discussion.

Way to troll lobbes' thread Actm, hypocrite

lobbes - agree 100% with everything you say there. Ken has lost my confidence, I don't trust him anymore and his actions or lack of actions are not that of what you would expect of a CEO in his position.

If we leave him to it over the next few months I'm sure we will log in one day to see he has said 'sorry its over we ran out of funds'. Well that's no surprise when the website is a joke, customer services are literally disgusting and our reputation has been shattered by the delays and amateurish behaviour of all parts of ACtM.

If we go down the Woods Law class-action route we could at least get 10% of our money back. That will be a lot better than 0% which is what we are facing right now as Ken continues to slowly run this company into the ground.

Simon aka zumzero you have removed my Mod abilities and banned me from the thread because I called you a dickhead and a cock in pm.

That is NOT a justifiable reason to ban me from the thread and remove my Mod rights. 

Yesterday you were calling notlambchop all sorts of obscenities on the thread over multiple posts and got into a debate with him. THAT is the sort of behaviour that SHOULD get someone a warning - yet it was carried out by YOU.

None of the mods have agreed to banning someone and deleting all their posts for sending some pms. You have taken it upon yourself to ban someone because the power has simply gone to your head.

The damage you are doing to this company right now is staggering.

Minepart was put on probation in that thread. (Read Banned until further notice)

All of his posts will be removed regardless of what is written in them.
Any posts quoting those posts will be removed regardless of what is written in them.

This is a very simple system, one that we have used since the thread opened.


Some posts are well written and are completely against Ken and Activemining which we have no issue with but include an attack or "troll" on another user for a small portion of the post and the entire post has to then be deleted.
If you would like to post something please do so without quoting banned users, attacking other users, or trolling in general and your post will not be deleted.