Post
Topic
Board Securities
Re: (GLBSE) TYGRR.BOND-P 4.85% weekly uninsured pass though bond to BTCST
by
JoelKatz
on 26/09/2012, 02:31:58 UTC
Goat had no losses (only profit) from the "fake GLBSE" debacle.  You keep talking about losses (multiple times in multiple threads).  Where do you get this silly idea that Goat "lost" anything?  He bought a handful of share he knew were fake for 0.05 BTC ea and sold at least 3 for 31 BTC and was given the option to redeem the rest for 0.1 BTC.  What loss did he incur?
If that's so, then Goat has no case. He relied on Nefario's promise based on his apparent authority. The promise can't be enforced. He's entitled to compensation for any damages he suffered due to relying on that promise. If there are no damages, then that should be the end of it as far as the GLBSE shares issue goes.

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However I do agree that this has damaged GLBSE. I will never offer a security on that site under any conditions.  The "we do what we want when we want" is too much of a counterparty risk. If GLBSE wanted the ability to delist it should have been setup that way from the start.  If they wanted to add it they should have done so in a manner which didn't harm issuers and shareholders.
My feelings may be a bit less strong than yours, but basically I agree.

You keep saying I lost nothing. But I was told more than once and I operated as if I was a part owner of GLBSE and would get more stock soon.
And your losses from that are ... ?

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I was used and now that Nefario wants to sell out he does not want to give me what he owes me. And it is a lot more than 30 BTC...
That's a different issue. I think he was referring specifically to the issue with the bogus GLBSE stock. You are entitled to recover your losses from relying on that promise, but you are not entitled to lost profits.