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Showing 6 of 6 results by brianpbaker
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Board Securities
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
brianpbaker
on 15/02/2014, 19:45:14 UTC
Hello, is it likely we will be trading before the chips arrive in April?


I won't have an answer to that question until I meet with my securities lawyer.

I can't believe everyone is busy lobbing turds at each other while this is being overlooked.  until we have access to our shares, literally no one in this thread has anything except Ken.  I can't access my shares to sell or collect any imaginary dividends that might be paid out.  We're told Crypto-Trade will be up and running soon, then ActM gets listed on CT but we still don't have OUR shares there, only Ukyo's that Ken is trying to sell cheap.  We're told it's just a matter of getting the transfer script running so the shares can be logged on CT.  Now's it seems that it MIGHT be April at the earliest that we can have access to our shares, and you guys are busy beating each other up over personal attacks and a product that may or may not ever even exist?

Who cares if the product exists or not if we can't even access our shares?  Are you going to get dividends paid to thin air?  Who are you going to divest your shares to if you think it's a scam now?  Forget about being scammed on product development, guys.  We all own NOTHING until we control our own shares again, and so far that seems to be the biggest hoodwink of all.  The Crypto-Trade transfer needs to happen YESTERDAY.  Pictures of vaporware are not worth getting upset over or excited over.  They affect none of us unless we control our shares.  As far as I can see, the only reason the transfer hasn't taken place is because Ken knows the trade price would instantly tank and make his company look like a sham and scare away any hope of even recouping costs, forget about turning a profit.

If anyone (particularly Ken) would care to clarify this delay, I would love to hear it.  Until then, I don't even understand why any of you are focused on product.  If you gave money to a company to make widgets and got a receipt promising you a portion of the revenue, what difference would it make how well the widgets performed if your ownership shares had disappeared into thin air?  Our "investments" only exist in Ken's head at this point.  Do you trust him to give them back to you?  I'm not too sure anymore.
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Topic
Board Securities
Re: ActiveMining Overview and Speculation Thread
by
brianpbaker
on 15/08/2013, 05:57:03 UTC
Probably they have really nice glue guns

From Tim's Hardware Store?
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Topic
Board Securities
Re: [ActiveMining] The Official Active Mining Discussion Thread
by
brianpbaker
on 13/08/2013, 18:56:47 UTC

Yep but 15Mill held by ACtM so I think these are used in the calculation too? They are not for sale so maybe not.


You can't really factor company-held shares of an IPO as having a value of anything other than their physical assets.  I could start a company with no money, issue 100K public shares for $10 each and 900K company-held shares.  The total value of my company would be $1M, not $10M, because those 900K shares don't represent anything real.  Until I offer them for sale to the public, they only hold a true value of what the company itself is directly worth and don't affect market cap.  If I were to decide to sell off my 900K shares tot he public all at once, the per-share price would fall to around $1 each because at that point it is wholly publicly-owned and the totality of the shares represents the $1M from the investors and what was in the company before, which was nothing.  The share price might rise back up on speculation and as the company shows promise and development, but its day-to-day market cap is only what money people have put into + its physical assets + whatever profit the company has earned.

~10M shares at around $.50 each gives the public portion a cap of around $5M, while the other 25 million shares are valued at (whatever propertie belong to the company / 25M) until they are released to the public, at which point we decide what they're worth by purchasing them and increasing the market cap.

tl;dr: ActM is worth ~$5M plus product that has been purchased plus any liquid Ken has to work with.
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Topic
Board Securities
Re: [ActiveMining] The Official Active Mining Discussion Thread
by
brianpbaker
on 13/08/2013, 18:41:14 UTC
Do you realize someone could of bought a million shares expecting them to have prototypes this week, only to learn later that the post was fake?

Anyone that buys or sells shares on "news" from an anonymous internet source that is in no way affiliated with the company without directly verifying that news themselves deserves to lose that money and would (hopefully although not likely) learn a valuable lesson in the process.
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Topic
Board Securities
Re: ActiveMining Overview and Speculation Thread
by
brianpbaker
on 09/08/2013, 14:07:57 UTC
I don't know.  They seem pretty confident about their 55nm products that they say will be shipping from in-stock warehousing in October.  That sounds like they are on the way and will be in housings ready to hash in a few months and will only sell that way, no more pre-orders.

Our 28nm units will outperform them, but not by nearly as much as they outperform the 130's and 110's.
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Board Beginners & Help
Topic OP
Any tax attorneys out there?
by
brianpbaker
on 02/08/2013, 18:14:59 UTC
I have made a pretty substantial (for me) return on my initial investment and will likely cash out to USD to pay off some debt before the end of the year.  Can anyone offer me any advice on how to file this income?  Does it qualify as capital gains?  Are there even any procedures in place yet to handle this?  Any advice is appreciated.

Thanks!