Quote from: stenkross on December 06, 2013, 01:38:38 PM

Quote from: zumzero on December 06, 2013, 12:35:01 PM

Quote from: stenkross on December 06, 2013, 11:24:00 AM

I'm not sure what you have been smoking when you say price/share will go up to 0.03-0.04.
That will require something like 4-5% of total hashing power.

I'm not saying it is impossible, just that it is not very likely.

It becomes more likely if Ken reaches his goal of building, "...the largest Bitcoin Mining Farm in the world.", by investing some of the $40,000,000 profits expected from hardware sales and recouped NRE in 2014.

And why should any of this be expected to become real?
Ken said we would be in low-volume chip production as of now. They were delayed.
Ken also said he would be releasing "Consolidated Active Mining Corporation and VMC reports" by Nov 30. This is beeing ignored.
The bottom line is that ActM has not yet managed to deliver anything else than words, delays and future promises.
Saying that we will have the largest mining farm in the world or we will have $40M in profit are just two more future promises tha may or may not become reality.

I will admit that Ken has managed the shuffling of shares between btct, bitfunder and crypto-trade fairly well, he also seem to be serious with his business.
I am usually a very patient person. I am however growing impatient with Ken's lack of communication.

Disclamer: I am a shareholder, and I would love to be a cheerleader. But the facts just keep pointing in another direction.

The chip delay would have been less to do with incompetence and more a business decision. A very difficult one at that. Ken would have known the shit storm announcing a chip delay would cause, but non the less decided to push forward with a risky but brave move to sacrifice short term gains for long term reward. I expect we will look back at this and realise how pivotal that decision was.

Ultimately Ken is either lying to us and it has all been one elaborate scam, or he's doing what he's saying and getting the job done. Because I believe it's the latter, and because Intellihash is a win-win it is very easy for me to believe that someone as driven as Ken who wants the biggest mining farm in the world could make it a reality. Ken's drive to prove to the community that he could do what he said he would, is what is likely to make everyone here plenty mulla.

We've all got differences and opinions on how Ken is running this company. It was never going to best run business on the planet because Ken's skillset is in engineering. But isn't that a good thing? I'm certainly not too worried by one or two missed deadlines if I know time is being well spent.

Yes, the shares issue is being handled well.