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

Nice quick reply from Ken on this issue as below:

Quote from: kslaughter on December 11, 2013, 03:58:51 AM

Quote from: wasubii on December 11, 2013, 03:12:09 AM

Hi Ken,

Im not sure if it is you or someone else posting with the PR account. I have a question that i have posted on the forum and as a PM to the PR account. I am copying it here again for your reference.

Quote from: ActiveMining-PR on December 10, 2013, 04:27:03 PM

Weekly Update:

We are going to try and give a weekly update on Wednesday of each week
to keep all of Investors up to date on our progress.

First, Ken will be taking all of the AMC-TENDER transaction and adding
those transactions to a database. This database will be used to verify
your shares. Once your shares are verified, they will added to the
queue which will be used at Crypto-Trade to create your account. As
your account is created on Crypto-Trade the number of shares verified
will be added to your account. If you already have a Crypto-Trade
account using the same email address used to verify your shares, then
the shares will just be added to that account. The procedure when ready
will be posted in our Announcement the thread.

Active Mining PR Staff

This is a really great post to wake up to - i am really looking forward dot receiving these updates regularly.

Could you please clarify something - you mention a queue to get the shares on to crypto-trade, does this mean that some people will have their shares available for trading before others???

Yes and No, we will have a time for shareholders to verify, then we will move those shares in a batch; however, there are always laggers which will get moved in the next batch.

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I imagined we would all be given the shares, then at some point the starting gun would go off, the bells would start ringing and we would all be off in a frenzy of buying and selling - all at the same time.

If this is not the case, then how will you determine who has their shares available to trade first? i.e. how is the order of the queue decided?

If there is a long delay between the first person starting trading and the last person starting trading then this is obviously unfair to the guys last in the queue who may have missed out on the higher buy orders.

It really won't be that way. There will be enough time for anyone that wants to get into the first batch to get in.

Quote

When you are back online, please clarify this - i am also sending this in a PM in case you miss it on the thread.