McGoats, that meets my definition of 'closed'. The 'exchange' is not operating as an exchange.
Even if you think GLBSE right now is closed there is no where in the by-laws that says GLBSE can not be closed. Also 70% of the owners think GLBSE should be operating in this way...
The by-laws were set up to manage GLBSE and that is what is going on. GLBSE is trying to take a legal path. Theymos lost a vote to remove Nefario and then was unable to sell his shares. Theymos did not even want his shares anyway, he wanted to pass them on to some sucker...
The exchange is operating with all of the assets delisted. It was made more than clear Nefario had the right to delist all of my assets. If he can do me, why not everyone else? Hypocritical much?
Nefario lied when he said only 30% voted against him. It was actually 47%