Quote from: minerpart on May 22, 2014, 04:11:06 PM

What is all this about most Prospector Boards being DOA? No wonder Ken has left the webprice at 2k USD - they are a write-off and unsellable.

He has managed to get 100 of them mining but had 300 for sale so from a total of 400 only 1/4 are any good. That means the Prospector scheme has COST the company. It is likely that 200k USD worth of investment is a total loss. Or more? And the datacentre is only just going to break-even. If you add the cost of 300 dead boards even with BTC at 1k USD the datacentre will not cover the losses of the Prospector boards.

Lets add this to the other actm losses and guess how much longer this company can keep going:

eASIC - 1 Million USD lost (8k BTC?)
mtGOX - 250BTC lost
BF - 150 BTC lost
Prospector Boards - 250k USD lost

No wonder Ken can't afford to refund pre-order customers. There is nothing or very little in the bank now surely? I think all divs will go to debtors once the company is closed down. Ken will use the last coins in the mining address to pay off the bills and close actm down for good. I feel it is going to happen that way.

"We are in a great position" lol christ ken this is embarrasing.