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

[gjpminingco]

Who wants to Sell for 0.0001 btc per share I will enter to a Contract to buy them NOW at that price!!!!

Let me know how many you have at that price cuz I WANT THEM

I have interviewed Ken and I believe what he has to say, everyone rages cuz he is not giving you folks a PLAY BY PLAY of his activities daily

has no one else ever been behind schedule on filling out paperwork or updating something they were supposed to, Everyone just needs to chill the F*ck out and he will get to us when he can I am tired of seeing these cry babies whine and complain about updates and sh*t everyone just needs to take a chill pill and relax....

Like i said if you want to sell your shares for 0.0001 per share I will take them Gladly, Sell them to me ( somone who has a lil faith in the Company and the ones running it )   

[Stuartuk]

I'm selling. 0.01 a share. PM me.

[SebastianJu]

For 0.0002BTC i would take 25000... though im pretty sure this is all talk to crash the price... and it looks like it works...

I would pay the bitcoins to a trusted escrow and make a contract with the seller that he pushes the shares to me as soon as the shares are on an exchange again.

Though i wonder how to prove the ownership of the shares. I mean there is the list of shares at bitfunder... but once the shares are moved to AMC-TENDER the old address should be gone. And its open if the user pushed the shares to AMC-TENDER or sold them. So im not sure how to prove that someone owns these shares.

Anyway... thats all theoretical since i doubt that anyone is selling at all.

[MilkyWayMasta]

For 0.0002BTC i would take 25000... though im pretty sure this is all talk to crash the price... and it looks like it works...

I would pay the bitcoins to a trusted escrow and make a contract with the seller that he pushes the shares to me as soon as the shares are on an exchange again.

Though i wonder how to prove the ownership of the shares. I mean there is the list of shares at bitfunder... but once the shares are moved to AMC-TENDER the old address should be gone. And its open if the user pushed the shares to AMC-TENDER or sold them. So im not sure how to prove that someone owns these shares.

Anyway... thats all theoretical since i doubt that anyone is selling at all.

It'd just be a waste of time if the price is higher than 0.0002 when the exchange goes up, whoever has said they would sell will just sell on the exchange instead.

[xorxorxor]

Hey folks.  

What is the best way for me to sell my ActiveMining shares?  I did have 1000 in my BitFunder (transferred from  BTC-TC) account (public verification address 1J4JP5pPjTAnEZRAqsP9eBo2UukDZvdUy4, if someone official can confirm that I do own 1000 shares), which I transferred to AMC-TENDER about a month ago.  I always planned to long hold, but things have come up and I quite badly need the money.

Is it even possible to sell, since I have transferred to AMC-TENDER? What would be the going rate per share?

You can't sell at this moment. Hopefully we get good news by the 30th and are listed on a temporary exchange so that you can sell the shares. You could work out a private transaction with a member to trade shares at a later date but that would require a high level of trust between the parties.

Ah, figured as much. Damn...just have to wait.

[auto2nr1]

In the mean time I have learned that BTC is the fiercest competition to shares. I always considered the $300 I gambled on bitcoin-stocks a high-risk game - after all, if one of several stocks explodes, it might pay for the scams and failures of the others. If none pays back the coins I put into them, some might at least pay back the $300. And if none does, it was an interesting time.

Well said. I lost alot of coins in scams and failures this year. We are all mature enough to understand the risk that is involved in Bitcoin and securities on top of that. What should happen will happen. There is nothing we can do to change the course of the future. Everyone on this boat is either destined to make a significant amount of money or we are destined to lose it all. History will take it's course either way so lets try to stay positive until that time comes.

[minerpart]

OK guys, the new exchange could be with us soon so lets get serious now.

I'm sure some of you have heard of a thing called P/E ratio (price-earnings ratio)?

It's a very simple formula universally used for valuing a listed company and it's shares which most often involves you dividing the share price by the annualised earnings per share.

here is a basic introduction:

http://www.allstarstocks.com/gpage2.html


So instead of guessing how much you think share price will go to using your divining rod or a set of Rune stones just use the p/e ratio.

All you need to know is the total amount of BTC that will be paid out in divs to public investors in year 1 and then you divide that by the number of shares to get your annual earnings per share figure. You then choose a share price - lets say the IPO of 0.0025 and divide that by your annual earnings per share figure to get the p/e ratio.

An acceptable p/e ratio to investors in the real world would range from anything from 10:1 to 100:1 - it's going to be based around the company prospects for growth and continued business.

OK so who want's to start? Me? OK-

I think 4justice's table gave a yearly total for public investors (taking into account the drop when Kens shares get divs) of around 40k BTC.

40,000/10,000,000=0.004
0.0025/.004=0.625

So now we need to decide what P/E ratio investors will be happy with. 0.625:1 would put the share price at 0.0025 - obviously. Now if the company has solid prospects and good accounts there is a world of investors out there who would bite your right arm off to get in at a P/E ratio of 0.625:1. It's incredibly good value - so long as the company is solid.

I would say with BTC rising so commendably that a P/E ration of 10:1 would be conservative - so that would mean a share price of 0.04 > 0.04/0.004=10

Anyone please correct my arithmetic/logic and make comments.

PS - I just checked out what the P/E ratio was on AM when it was at 4btc and paying out around 0.025 per week in divs. It was around 3:1. I think if we are a high profile, open company doing big sales and farming we can exceed 3:1 due to greater investor confidence.

PPS - 4justice's table is I think conservative.

[crumbs]

... Now if the company has solid prospects and good accounts there is a world of investors out there who would bite your right arm off to get in at a P/E ratio of 0.625:1. It's incredibly good value - so long as the company is solid.
...

The above is a perfect summation of what Active Mining is not, so proofing the math is pointless.
P.S:  Your yard dog, Stuartuk, got loose & started shitting up other threads, could you give him a holler?

[minerpart]

Pay attention people. I'm going to tell you why crumbs just replied - post reserved while I type.

---------------------------------------------------------------------

OK why would crumbs jump in here? He's been silent for a while....mmm


The thing is, you and I know most of us in here are amateurs. I'm not counting myself as a pro by the way. But that is a fact.

This company will publish news very soon and the lot of you are going to jump ship when the shares start trading at anything from 0.0025 or above. This is exactly what the likes of crumbs and VE are waiting for. They are obviously not 100% certain right now if they are getting into this stock as they haven't seen the news - only Ken has that info. But they will be able to quickly read into the news release a forecast for the next 6-12 months - they will do a few quick calculations like the p/e ratio and will start buying up all the shares you have been fooled into dumping by these Trolls.

It's a very very clever game and you are all about to fall for the trick.

I'm not all that bothered to be honest but as you've all be here so long through the bad times that I think you deserve not to be ripped off at the last hurdle. This share price could go to 0.04 and above within a few weeks of this company getting off the ground and making big sales. Remember that when thinking about dumping at 0.0025 just because some Troll has been manipulating your view of this company's prospects for months.

[crumbs]

Lol, can't wait

[minerpart]

Lol, can't wait

More propaganda. Do you see why he's suddenly woken up? If you sell to this guy at 0.0025 more fool you.

[Stuartuk]

Yeah I know for a fact you are right on this. If you look at this guy crumbs posts on other forums as I have today he sounds like he knows exactly what he's doing. He's a very manipulative customer. And he wouldn't have put the months of work into this thread unless he had a big plan. It would be a real shame if a scumbag like this profited from all the frightened shareholders dumping into his buy orders. You just know he would take great pleasure in that happening. A real Gordon Gekko if ever I saw one.

I am now only selling at 0.04 and above.

[VolanicEruptor]

I've called it before -- crumbs has interest in this company, somehow.  He wouldn't have put forth this much effort just to rub it in our faces that Ken is a moron.  Obviously he either has shares, and is pissed about incompetency (just like me), or he is wanting to buy cheap shares if and when they are tradeable again.  

Just so you all know, I AM NOT buying more shares.  Any negative comments I make is due to the fact that I think Ken is incapable of what he has gotten himself into.  I believe any one of us could have done a better job at getting things rolling.

[Rawted]

Why did it take all this time for people to finally realize this? Many commented on the original thread about issues we saw before the ipo on btct.co. I suggested selling off during the ipo craze (i sold off at 087) to protect yourself, and was called a moron, dipshit, etc. Others tried to hint at it, and they were scoffed at too. Next time, don't be so damn defensive, and open your minds to what others are saying - most of us were only trying to help. In life your first instinct is often the correct one. I hope all of you have brighter days ahead of you.

[VolanicEruptor]

Why did it take all this time for people to finally realize this? Many commented on the original thread about issues we saw before the ipo on btct.co. I suggested selling off during the ipo craze (i sold off at 087) to protect yourself, and was called a moron, dipshit, etc. Others tried to hint at it, and they were scoffed at too. Next time, don't be so damn defensive, and open your minds to what others are saying - most of us were only trying to help. In life your first instinct is often the correct one. I hope all of you have brighter days ahead of you.

In the history of every stock that has ever existed, there has always been people who advise against investing in it.  If that stock is unsuccessful, it's very easy for those people to come back, dancing around with "I told you so, I told you so!".  Does that mean their advice was meaningful at the time with the information that was given?  No.. it was a guess, and they got lucky.  You, crumbs, icebreaker, and whoever else are demanding way too much credit for 20/20 hindsight.  Some crazy moron could come up to me tomorrow and advise me to pick 6 lottery numbers.  I won't pick them... but there's always a chance those numbers will win.  Does that mean I'll regret not buying the lottery ticket if those numbers come up?  No, because how was I supposed to know to listen to him with the facts that were given?  All I knew is that he was a crazy cat fag    

[Vigil]

I don't think Ken is incompetent if he is able to arrange ASIC development with a leading company. Perhaps not everything has been handled perfectly or to everyone's liking but the main thing is just getting these chips working and hashing so as to start turning a profit.

[bbxx]

What about january avalon clones priced at 80btc?
Fast easic tapeout, late october 28nm shipping?
Site still is terrible and is scamming noobs?

Any video, prototype, board, heatsink, anything?

How about sales, still no group buy?

Maybe slaughterfamily took all btc and NDA it?

Glad i have sold shares at summer, this is worse than labcoin. They had more hashing power than this epic fail company driven by amateurs (check out kens websites)

I wonder when my post will be deleted.

Discuss please.

[Rawted]

Why did it take all this time for people to finally realize this? Many commented on the original thread about issues we saw before the ipo on btct.co. I suggested selling off during the ipo craze (i sold off at 087) to protect yourself, and was called a moron, dipshit, etc. Others tried to hint at it, and they were scoffed at too. Next time, don't be so damn defensive, and open your minds to what others are saying - most of us were only trying to help. In life your first instinct is often the correct one. I hope all of you have brighter days ahead of you.

In the history of every stock that has ever existed, there has always been people who advise against investing in it.  If that stock is unsuccessful, it's very easy for those people to come back, dancing around with "I told you so, I told you so!".  Does that mean their advice was meaningful at the time with the information that was given?  No.. it was a guess, and they got lucky.  You, crumbs, icebreaker, and whoever else are demanding way too much credit for 20/20 hindsight.  Some crazy moron could come up to me tomorrow and advise me to pick 6 lottery numbers.  I won't pick them... but there's always a chance those numbers will win.  Does that mean I'll regret not buying the lottery ticket if those numbers come up?  No, because how was I supposed to know to listen to him with the facts that were given?  All I knew is that he was a crazy cat fag    

I totally understand the point youre making, but that wasn't the case here. Evidence was shown, facts were laid out for all to see, people's greed blinded them. I hope it wasn't too expensive a lesson for you guys. Not everyone is a bad guy, out to do bad things.

[Vigil]

What about january avalon clones priced at 80btc?
Fast easic tapeout, late october 28nm shipping?
Site still is terrible and is scamming noobs?

Any video, prototype, board, heatsink, anything?

How about sales, still no group buy?

Maybe slaughterfamily took all btc and NDA it?

Glad i have sold shares at summer, this is worse than labcoin. They had more hashing power than this epic fail company driven by amateurs (check out kens websites)

I wonder when my post will be deleted.

Discuss please.

All good points. I have no idea how to respond to them. I think anything with videos or prototype boards would be something that could divulge information to competitors.

[iamnot_]

I see that there are a still a lot of ActiveMining shares on Bitfunder that have yet to be transferred. I am also choosing to wait until after the "Announcement" to tender mine to AMC-TENDER as I just don't see a good reason to without some concrete news. Anyone else doing the same?