Weekly Update 2/12/2014

On the 55nm project:

This week has had a number of developments, our project manager is working on wrapping up all the detail of our 55nm project.  We are expecting to receive our first 55nm wafers on April 10th, with next batch due on April 29th, May 5th and May 8th for a total of ~104 wafers.  It will take 1-2 weeks to have the chips packaged and then shipped to our board manufacturers.  We will be selling and mining with these chips and boards, depending on what makes the most since at the time.  The tape-out was done on Peoples ASIC account for a shuttle run of 50 prototype chips, we have canceled the shuttle run and changed to a full production run of the chips on VMC own account.  Peoples ASIC IP has been signed over to VMC and the FAB has all the legal paper work to start VMC's production run of wafers.

On the 28nm project:

We are getting quotes from a number of vendors including eASIC.  After the project is started we expect it to be completed in 8 weeks, after which we will tape-out.

On Crypto-Trade:

I am hoping to get shareholders shares transferred ASAP and get full trading up and running.  We have received a letter from the Missouri Securities Division asking for information on Active Mining Corportation, at this point we have ask for more time to respond and have seeked legal advice.

Active-Mining PR