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

[VinceSamios]

I await the next update on Wednesday.

Just my thoughts:

MSD doesn't sound good.

Prediction about scams & planned failure. Seems to be coming true, hope not.

Not a fan of this new moderated thread, smells of denial and pipe dreams. It's definitely going to get out of hand with pipe dreams passed left in right, only compounding the issues here.

Thanks for the update Ken.

I personally think the quicker you let people who want to pull out of the company the quicker this MSD situation goes away. Basically shares have been paid for, then taken away sort to speak. People don't have access to them, if they could have dumped them in December this situation would not have happened. It was inevitable, hopefully Ken's confidence in the situation (posted in the moderated thread) pays off.

Looking forward to April.

See ya in 7 days.

This is not a new thread, it has always been self moderated - just not enough so. It shouldn't be open to paid-trolls. (and there are paid trolls here)

MSD doesn't have jurisdiction

You get concrete dates for chip production and wafer numbers and you say "scams & planned failure seems to be coming true" - wtf are you smoking?

Shares have not been taken away at all. Not one little bit. They are still yours.

[drawingthesun]

Shares have not been taken away at all. Not one little bit. They are still yours.

Our shares are being blocked.

If someone blocked my entire house, they are denying my right to economic participation and have effectively killed it's value and use.

[hsddbtc]

Where to buy the stock？

[sparky999]

I await the next update on Wednesday.

Just my thoughts:

MSD doesn't sound good.

Prediction about scams & planned failure. Seems to be coming true, hope not.

Not a fan of this new moderated thread, smells of denial and pipe dreams. It's definitely going to get out of hand with pipe dreams passed left in right, only compounding the issues here.

Thanks for the update Ken.

I personally think the quicker you let people who want to pull out of the company the quicker this MSD situation goes away. Basically shares have been paid for, then taken away sort to speak. People don't have access to them, if they could have dumped them in December this situation would not have happened. It was inevitable, hopefully Ken's confidence in the situation (posted in the moderated thread) pays off.

Looking forward to April.

See ya in 7 days.

This is not a new thread, it has always been self moderated - just not enough so. It shouldn't be open to paid-trolls. (and there are paid trolls here)

MSD doesn't have jurisdiction

You get concrete dates for chip production and wafer numbers and you say "scams & planned failure seems to be coming true" - wtf are you smoking?

Shares have not been taken away at all. Not one little bit. They are still yours.

So where are my dividends if I still have the shares? whose name are the shares registered to AMC-tender or my username. Ken has entered the final stages of teh scam, he even suckered me in to buying more shares when he sold 'ukyos' on CT with any luck I will be able to dump most of those without much of a loss but the rest of my shares with AMC-tender are obviously gone now.

[drawingthesun]

he even suckered me in to buying more shares when he sold 'ukyos' on CT

I actually feel for you, Ken only started to dump those at 0.0005 once he got the letter from the securities division. The timing adds up quite well and explains the real reason.

Notice how we are not allowed to have our shares back because of the investigation? Well that means that it's likely Ken will disable the CT account soon, because if we can't use our old shares because of investigation I'm 100% sure we'll not be allowed to trade at all. So if you hold those shares for too long they are likely to be locked down without warning.

Hopefully you didn't buy too much, because now any price is too much. The dividend account will go towards lawyer fees.

[VinceSamios]

Shares have not been taken away at all. Not one little bit. They are still yours.

Our shares are being blocked.

If someone blocked my entire house, they are denying my right to economic participation and have effectively killed it's value and use.

 Your shares are not currently publicly tradable... careful on the terminology.

[SebastianJu]

Great... so Ken put all the money into developing and producing ASIC's and then someone is smart enough to report VMC to the authorities? For revenge? Since i dont see that killing the company will get a reasonable amount of bitcoins back to shareholders.
I wish people could control their fear at least so far that they could make decisions that look like the best financially outcome. I dont see that coming from VMC having to refund all customers and spreading satoshis for his shareholders while stopping operations.

[sparky999]

Great... so Ken put all the money into developing and producing ASIC's and then someone is smart enough to report VMC to the authorities? For revenge? Since i dont see that killing the company will get a reasonable amount of bitcoins back to shareholders.
I wish people could control their fear at least so far that they could make decisions that look like the best financially outcome. I dont see that coming from VMC having to refund all customers and spreading satoshis for his shareholders while stopping operations.

If Ken hadn't of repeatedly lied time and time again over many months none of these complaints would have been filed. He brought this on himself through his own incompetence.

There is also no proof Ken has paid for anything.

[VinceSamios]

I wish people could control their fear at least so far that they could make decisions that look like the best financially outcome. I dont see that coming from VMC having to refund all customers and spreading satoshis for his shareholders while stopping operations.

This....

[drawingthesun]

Great... so Ken put all the money into developing and producing ASIC's and then someone is smart enough to report VMC to the authorities? For revenge? Since i dont see that killing the company will get a reasonable amount of bitcoins back to shareholders.
I wish people could control their fear at least so far that they could make decisions that look like the best financially outcome. I dont see that coming from VMC having to refund all customers and spreading satoshis for his shareholders while stopping operations.

I agree that we should not report to authorities and run to big daddy. I believe the only people reporting Ken are the competitors to try us shut down.

No reasonable person invested would stab himself in the back by reporting, unless they are not reasonable and in fact mentally deficient.

[VinceSamios]

Great... so Ken put all the money into developing and producing ASIC's and then someone is smart enough to report VMC to the authorities? For revenge? Since i dont see that killing the company will get a reasonable amount of bitcoins back to shareholders.
I wish people could control their fear at least so far that they could make decisions that look like the best financially outcome. I dont see that coming from VMC having to refund all customers and spreading satoshis for his shareholders while stopping operations.

I agree that we should not report to authorities and run to big daddy. I believe the only people reporting Ken are the competitors to try us shut down.

No reasonable person invested would stab himself in the back by reporting, unless they are not reasonable and in fact mentally deficient.

Which I'd suggest most of the people posting in this thread are... mentally deficient that is.

[mainline]

Great... so Ken put all the money into developing and producing ASIC's and then someone is smart enough to report VMC to the authorities? For revenge? Since i dont see that killing the company will get a reasonable amount of bitcoins back to shareholders.
I wish people could control their fear at least so far that they could make decisions that look like the best financially outcome. I dont see that coming from VMC having to refund all customers and spreading satoshis for his shareholders while stopping operations.

I agree that we should not report to authorities and run to big daddy. I believe the only people reporting Ken are the competitors to try us shut down.

No reasonable person invested would stab himself in the back by reporting, unless they are not reasonable and in fact mentally deficient.

Which I'd suggest most of the people posting in this thread are... mentally deficient that is.

Vinny, didn't you say you were conned out of *ANOTHER* 10 BTC when ken was recently dumping shares?
How's that bit of mental surplus working?

[VinceSamios]

fine thanks, I did the maths...

[VinceSamios]

fine thanks, I did the maths...

Risk = 50%
Reward = 500%

Is it a good high risk investment? Well, if I invested in 10 companies with the same risk/reward, the 100BTC I invest with each will return 250BTC - so yes, it's worth the risk.

Of course if you are investing money you don't have, and basing all of your decision on uncontrolled panic and fear, then the investment could be anything from the holy grail of life, to a bubbling pit of firey hell on earth.

Most people here are more "Bipolar" than "Investor"

[mainline]

fine thanks, I did the maths...

Risk = 50%
Reward = 500%

Is it a good high risk investment? Well, if I invested in 10 companies with the same risk/reward, the 100BTC I invest with each will return 250BTC - so yes, it's worth the risk.

Of course if you are investing money you don't have, and basing all of your decision on uncontrolled panic and fear, then the investment could be anything from the holy grail of life, to a bubbling pit of firey hell on earth.

Most people here are more "Bipolar" than "Investor"

I think I see your problem, Vin, and I'll correct your numbers:

Risk:  Scam, obvious to two-year-old.
Reward:  Who cares, it's a scam.

(Scam) * (Who cares) =

You did your math wrong, buddy.

But your strategy of giving your money to every scammer that ascs for it, on the off chance that one of them accidently makes you money is a win.  You should write a book -- I'm sure every Active Miner would buy a copy.

The tragedy of your situation is not that you've lost all of your coin in this abortion, but the fact that you've learned absolutely nothing.
Next aging alcoholic that comes along will take the rest of your money.

[SebastianJu]

He brought this on himself through his own incompetence.

Thats what i mean... it sounds like revenge and for investors it looks like a bad idea. Personally i see the risk that way:

Risk of VMC never starts really: 30%
Risk that the profit at the end will be less than the investment shareholders did: 75%
Risk that you get satoshi dust when the company have to close and refund customers and shareholders: 80%

At the end... you cant sell the shares because only 3BTC are in the buy-side of the orderbook till 0.0001BTC. I dont see that growing much. So big shareholders dont have a real choice to sell. If they enforce it they will have nothing in return instantly.
So the only choice is to gamble on VMC to get back at least most of the investment.

Liquidating VMC now, with the progress of developing, and with all the bitcoins spent, would be similar to selling your shares into an empty orderbook. You get nothing back.

Like i said... the only choice i see is to gamble in the hope to get at least a good chunk of the investment back. I dont have high hopes that it will become a profitable project when i see the dates ken is speaking about.

[runam0k]

Time for another shareholder advisory board initiative?

[VinceSamios]

The company has at least 0.00014 BTC per share in bitcoins - $1mil in funds paid to a company (be that eASIC or another) - 55nm IP - these things aren't worth nothing.

But by all means let's all panic.

[DeadwoodDan]

Time for another shareholder advisory board initiative?

I move to make People's ASIC design us some chips for a time machine so we can unreport Ken to the SEC.

[EduardoDeCastro]

Time for another shareholder advisory board initiative?

I move to make People's ASIC design us some chips for a time machine so we can unreport Ken to the SEC.

And what do you think Intellihash(tm) is?  It makes hashers hash faster as difficulty climbs.
How?
By firmly grasping the spacetime continuum at both ends and twisting it around just so ... until... PROFIT!

Ken's always one step ahead of unvisionary mundanes like us