Post
Topic
Board Securities
Re: [Active Mining] The UNofficial Active Mining Discussion Thread [UNmoderated]
by
NotLambchop
on 07/04/2014, 20:40:49 UTC
Your CEO promised to design ASICs, design and build miners around them, and make you rich.
He set out to design a 45nm chip -- failed.
He set out to design a 28nm chip -- failed.
He set out to design bought the rights to a 55nm chip -- trashed it.

After a year of failure, he bought 200 HashFast boards, and [allegedly] managed to sell 20.
"Losing" 400 BTC in MtGox,
taking away your shares,
and not refunding $6,000,000 - $300,000 = $5,700,000 in preorder money (if his "we sold $6 million in pre-order" claim wasn't an outright lie) in the process.

And the incompetent thief also managed to rip off a Coindesk reviewer. Lol.

Oh, and now he's being investigated for securities fraud, so congrats!