Post
Topic
Board Securities
Re: [AMC]-The Official Active Mining Cooperative Discussion
by
kslaughter
on 07/07/2013, 01:58:26 UTC
However I do think with the experience so far on this thread we do need some assurances written into the contract  over how and when the shareholders are kept informed and updated on the progress of the business plan. The silence on here from Ken a week ago was deafening. So we need Ken or another AM employee on here everyday answering genuine questions. I think a short sentence in the contract commiting the company to that will keep AM focused and on the ball.
To keep the contract simple, I don't think we need to put that in.  At the moment we have limited amount of time to be on the board, as we are trying to get a number of things put together.  I for one will be flying to our Engineering firm to flash the prototypes in about a week.  Should we get eASIC paid the NRE, I will be working with them in California to the the RTL perfect with 20 hashing engines.  So, there is a lot to do. However, ever since we have started AMC we have put out a number of Press Releases, so much that Ukto on bitfunder limited us to one per week.

Fair enough Ken I'm sure we all understand you have an ever growing business to run but would just ask you to remember that the business is funded by shareholders and without their confidence (in you and your plans) and their backing there is no business. I'm sure you've taken on board the importance of communicating with and being open with shareholders. And especially when they raise valid concerns. Actually to your credit you did recognise the fact that a lot of those being called 'trolls' last week by some thread members were actually making valid criticisms, and to be fair to you you have taken onboard pretty much everything people were complaining about and acted quickly.

So in summary then:
1) the community raised valid concerns
2) You acted (fairly) quickly and have made significant changes.

I applaud you for firstly recognising changes had to be made and secondly for making those changes speedily and effectively and also for communicating with the community far more so than before. I'm sure most of us feel this episode painful though it was has made the company stronger and more likely to excel.

Thanks for your support.  I intend to keep all the shareholder informed, as we have in the past.  In the next phase, I am expecting the work load to increase and it make take some time before we can increase the number of employees to meet this increased work load.  So, that updates may a little more spaced out.