Quote from: kslaughter on May 10, 2014, 12:34:01 AM

Quote from: gogxmagog on May 09, 2014, 09:28:47 PM

these are the same as penny stocks. most fail, some don't, but they all cost only pennies a share, so one is able to invest small amounts to see what happens. at IPO there were mixed reports on Ken, but some trusted members had said they had worked with him in the past and saw a determined capable programmer and engineer, if somewhat unconventional and difficult to communicate with. My experience holding a small stake in actm has proven that these statements are mostly fair. However Ken's timing and management is terrible enough to tank this company, and he is often too stubborn to realize he his headed down a dead end. He is also one of the very worst communicators I have ever encountered, he over-promises and under-delivers consistently, and continually shifts blame for all failures to some vaguely identified "project managers" and "PR teams" which seem to be outright fabricated persons. As far as I can tell actm entire staff is ken and 2 teenagers (possibly family members) Regarding his fiscal trustworthiness... the jury is still out on that one... but the odds are not in his favor.

I threw some pennies at actm in the beginning and now it looks like those pennies were wasted, but...pennies. Unless you have solid insider information, you have very little to go on in terms of viability of any given offering. Due diligence will only get you so far when there is so little known about the principals involved, and only greedy fools throw large amounts at untried entities hoping they will win the lotto, they have no right to bitch, its their own damn fault they are losing their shirts. I really believe most of these supposed lawsuits that get discussed in this sub are empty threats made by butthurt gamblers hoping to light a fire under the operators' arses. Do any of them believe they will get even one satoshi after they get lawyers involved? If they have that large a stake in any of these "securities" then they are obviously not smart enough to know how things work.

All the same, I would love to see actm pull itself together and make my pennies shine...I'm saving up for a piece of dubble bubble ;-)

@gogxmagog Nice post. I would love to make your pennies shine.

Too bad you will never do it.