Quote from: Maged on September 26, 2012, 02:49:13 AM

f anybody can help shed some light on the issue of usagi allegedly investing BMF funds into non-mining operations, I would appreciate that.

Let me help; here is the contract:
https://glbse.com/asset/view/BMF

Here is BMFs portfolio:
http://tsukino.ca/bmf/holdings-nav/

Note that obsi.hrpt has nothing to do with mining, and its hard to defend Nyan being a mining asset.
One could even point out the contract doesnt allow for usagi to buy mining hardware.

Now personally, I wouldnt give someone a scammer tag over something like this.
However, if you are looking for a better reason, I would suggest you look at this post:

Quote

The NAV of BMF is approximately 0.50. We will be placing aggressive bids at .45 to .50.

https://bitcointalk.org/index.php?topic=112734.0

Those are demonstrably lies. First of all, the highest bid is currently 0.4104.

Secondly, if you calculate the NAV using usagi's published asset list here:
http://tsukino.ca/bmf/holdings-nav/
After you correct the prices and you list the fpga and asics at actual list value and not 20% above BFLs listprice, I got to 0.262 BTC per share at the time it was posted:
https://bitcointalk.org/index.php?topic=112734.msg1219660#msg1219660

Meanwhile he has been buying up some of those shares causing the nav to rise to ~0.3, but it was never anywhere near 0.5 BTC and saying that was a big fat lie intended solely to mislead potential investors, and talk the price up because his Nyan bonds are heavily invested in BMF and in big trouble.
I suspect the wannabee lawyers here will have an opinion on whether or not thats even criminal.

FWIW, here is an up to date NAV:

Code:

Units Value (Market) Total (Market) %
Bitforce Single 832 MH/s 2 50 100 7.49%
BitForce Jalapeno 3.5 GH/s 2 15 30 2.25%
BitForce 'SC' Single 40 GH/s 1 108.25 108.25 8.11%

Assets Units Value (Market)
GIGAMINING 0 0 0.00%
BITBOND 10 0.3351 3.351 0.25%
PUREMINING 0 0 0.00%
YABMC 0 0 0.00%
DMC 1291 0.01 12.91 0.97%
BTC-MINING 300 0.9598 287.94 21.57%
RSM 210 0.29 60.9 4.56%
JAH 410 0.12 49.2 3.69%
7 11 0.115 1.265 0.09%
ABM 200 0.125 25 1.87%
BMMO 3775 0.02 75.5 5.66%
MERGEDMINING 0 0 0.00%
BTCMC 170 0.4 68 5.09%
BFLS.RIG 200 0.55 110 8.24%
UDN 1000 0 0.00%
LTC-MINING 50 0.415 20.75 1.55%
FPGAMINING 300 0.3355 100.65 7.54%
OBSI.HRPT 1000 0.0589 58.9 4.41%
JTME 120 0.789 94.68 7.09%
ASICMINER 0 0 0.00%
BIF.5-10.MININGBOND 120 0.33 39.6 2.97%
NYAN 24 0.5 12 0.90%
BAKEWELL 330 0.1489 49.137 3.68%
BTC-BOND 4800 0.002 9.6 0.72%
0 0.00%
BITCOINS 17.2457 1 17.2457 1.29%

TOTAL 1334.8787 100.00%

1334 BTC worth of assets (even assuming obsi's ponzi is worth face value, its not like you can sell it) for 4585 bonds. Thats 0.29 BTC/bond