Gewure: What are you talking about? Your whole post was way off base... See inline responses below:

That's completely incorrect. IF we were to liquidate today, we would be worth 700CAD plus the bitcoins still in our wallet right now. But I don't intend to liquidate. I intend to keep operating, and I am trying to piece together several plans of action which the shareholders can then vote on (one of which may be liquidation, but it will be up to a vote, and honestly I would prefer if we can keep it afloat to recover some of the loss).

Lastly, I'm still trying to recover the funds.

Plus if we continue to operate, in a couple months we could have mined a fair bit still even at 5-6 GHash. The 700CAD we have is enough for one cairsmore, which should soon be at 1GHash, so that's a bit more mining power, and so on. And all that is if none of the other plans pan out (help from mtgox, and help from enterpoint, or recovering the stolen funds).

Umm what the hell? The shareholder loan clause was in the bylaws originally BEFORE the IPO. It was altered only once, which was to EXTEND the terms of the loan (to make our commitment longer). That was the only alteration, and it was done under a passed motion. Specifically Motion ID #81 for which more details can be found here http://forum.btcsyn.com/viewtopic.php?f=8&t=22

So if you didn't like those terms, you likely should have read further into the bylaws before investing. Most of our other investors had no problems with those terms.

Also, I'm not sure what that has to do with anything related to the theft of the $12K, or why you're bringing it up now.


I'm not sure where you are getting any of these numbers from. We lost $12K (about 1800BTC roughly, don't have the tx in front of me). not 3000BTC. We never had 3000BTC to loose in the first place. Our stock price fluctuated, and our total stock in circulation might have been at 3000BTC at one time, but that's purely market speculation on our total value. Our actual assets were approximately 1700BTC originally which at the time was worth about $9000, since then we sold the icarus to buy cairsmore, the money from that plus some of our mining profits, totalled up to about 1800btc. Which we sold for $12K USD to use to buy cairsmore boards. Which all said and done would have doubled our mining capacity in mhash/s. But the  $12K was stolen... That's the short version of the syndicate history. I'm not sure where you see loosing 3000BTC anywhere in that.

Overall: There is already enough panic going on around here, not to mention the witch-hunt that has started in the other thread about this theft (apparently I underestimated this communities thirst for blood, that thread has mostly been pure speculation, and aggression toward me personally, without caring about any of the facts, so I refuse to return there, I will however continue to respond here).

Anyway, point being please double-check your facts before throwing additional accusations or statements out there and contributing to the chaos.

Thanks.