Quote from: LoupGaroux on October 03, 2012, 04:04:02 PM

Quote from: Chaang Noi (Goat) ช้างน้อย on October 03, 2012, 08:13:55 AM

You find nothing wrong with selling a service and then not fully doing it?

Depends entirely on the nature of the service contracted for, which in this case you are unsure of what you have purchased. You have an obligation to yourself, and to those who have invested in your projects to understand completely the venue in which you are offering that investment. Whether by your own inattention to the rules, your inability to stay abreast of changes in the terms, or your own ill-considered attack on the market you have failed in your responsibility to your investors and have not maintained even the most basic level of integrity in offering a service.

How is your ill-informed and half-cocked approach to running a business deserving of special consideration that you should be permitted to be completely irresponsible and still enjoy access to the marketplace? The service of the GLBSE is to provide a marketplace, NOT to insure you a certian level of profit, NOT to offer you endless access to victims for your piss-poor business practices, NOT to cover for your errors in judgement, ethics, or simple basic business procedure, and most assuredly NOT a place of refuge for somebody who is actively being investigated by the SEC for fraudulently offering investment schemes.

"Not fully doing it" is not based on your fantasies of allowing you to run roughshod over every measure of business ethics and honest trade. Your practices have caught up with you, and you are beginning to see the collapse and investigation phase of your demise. Get used to it, it will get a lot uglier for you here, and your pathetic cries of injustice are falling on deaf ears here. Especially given that you are screaming in the wrong place- THIS IS NOT GLBSE. Although there is significant overlap in user bases, THIS IS NOT GLBSE. Take your issues over to GLBSE and see what happens. Here you are just another scammer trying to screw a few more pennies out of everyone, after you have had the door slammed in your face.

Too bad for you little scammer boy.

Unless the SEC is now operating out of Viet-Nam I find it rather incredible that goat's being investigated. Were you thinking GLBBQ?

Quote from: stochastic on October 03, 2012, 06:46:59 PM

Quote from: Chaang Noi (Goat) ช้างน้อย on October 03, 2012, 08:13:55 AM

You find nothing wrong with selling a service and then not fully doing it?

I am not sure if this was a reply to me, but I was just curious in how you interpret the GLBSE TOS because on a discussion on the interpretation of contracts listed on GLBSE you seemed to agreed with the statement that things not in the contract can still be done. Things listed in the contract allow for one of the parties to 'reserve the right' to do something, but not necessarily only do things that are listed in the contract. By this interpretation, GLBSE reserves the right to do any and all things in its TOS. There are also implied agreements when using the GLBSE system. No where in the TOS says that GLBSE will list a security after the fee is made, but they do it. By having the authority to list a security, GLBSE also has the authority to remove a security from the exchange.

Anyway, I would also argue that whatever is said in a contract or TOS may not always be the right thing to do. As you may remember with our contract dispute; I took responsibility for my badly written contract and paid out of my own pocket.

In my opinion the right thing to do is to allow the securities to be relisted, allow a buyback of all the securities at whatever value was agreed to, and then remove them after all accounts have been cleared.

Well, wasn't Nefario proposing that everything not specifically stated in the contract will be construed by a public vote? Or was that about something else.