Post
Topic
Board Scam Accusations
Re: Nefario GLBSE
by
makomk
on 26/09/2012, 14:00:48 UTC
The offer to convert (and note it was an offer, NOT a promise or contract!) was made weeks later, and the retraction within a day or less as GLBSE Real owners challenged Nefario's ability to convert without approval of the majority of shareholders, which by all indications was not going to be forthcoming.
That's not how I remember it. From what I recall, the offer was made within days and I don't remember seeing any retraction, or anyone else mentioning any retraction, or... In fact, as recently as May this year Nefario was giving the impression that they were still worth shares in GLBSE, it's just that GLBSE shares weren't actually worth a huge amount each:

Nefario also said a long time ago that despite the asset being fake, he would honour it with shares in GLBSE. I thought it set a bad precedent at the time, given that I had always wanted to invest in GLBSE, but couldn't because it's not public, and I had taken the time to check the signature on the fake asset and realise that it was fake. Nefario's announcement to honour the fake asset meant he was rewarding those who didn't do their homework.

I don't know if you remember at the time, but there was uproar, and I had partially felt responsible, I thought I should have reserved the ticker for GLBSE use only but did not.

Anyway, GLBSE is not a publicly listed asset, and I would advise anyone trading them to not spend much, they're not worth a lot (i.e. there are a lot of non-fake shares for GLBSE making these a tiny tiny tiny fraction, also GLBSE is not worth over $1Billion USD).

But you did say you would take them over and they would be valid. Are their any plans for them in the near future?

Thanks

No plans.