Re: Usagi: falsifying NAVs, manipulating share prices and misleading investors.
As far as scam accusations I'd like to add the following
6) Voting as a shareholder with interconnected stocks and personal shares.
-"Shareholder Majority" was replaced by the number of shares Usagi wanted to vote with. I believe one poll was even voted on by more shares than were outstanding before or after the vote (made active by transferring to Usagi and then back, or voting with non-voting shares).
-This voting also happened on non-action polls like "Is Usagi doing a good job?" for all the obvious reasons.
-Actual shareholders are the victims in this case held hostage to usagi's whims
6) Voting as a shareholder with interconnected stocks and personal shares.
-"Shareholder Majority" was replaced by the number of shares Usagi wanted to vote with. I believe one poll was even voted on by more shares than were outstanding before or after the vote (made active by transferring to Usagi and then back, or voting with non-voting shares).
-This voting also happened on non-action polls like "Is Usagi doing a good job?" for all the obvious reasons.
-Actual shareholders are the victims in this case held hostage to usagi's whims
Actual shareholders? First of all, if I invest $10k into my own company I sure as hell deserve the right to vote. Second, CPA started NYAN with 1500 BTC of it's own assets. What fantasy world do you live in where you think CPA won't maintain a controlling interest in the company? What do you think it means when owners retain 51% ownership? Are you familiar with the basic principle of property ownership? Yes, I was obviously an insider, no, voting with shares I bought fair and square is not a scam, and I really don't see where you get off coming here and saying it is.
7) Usagi first promised then rescinded on Bakewell insurance saying that it would be refunded at first if Ian wanted, then if the shareholders voted for it. After the shareholders voted in favor of reversing the insurance, then only if a dividend of the same amount was paid, then finally relented to if Ian promised to pay out a dividend of equal amount after
-Ian's link to here for the relevant start
-Ian's later post in the same thread here with his added emphasis on PMs between usagi and himself where usagi agreed to refund pending a motion.
-Bakewell shareholders and Ian are the victims in this case, Bakewell was held hostage to usagi denying repayment, Ian while usagi tried to drag his name through the mud for trying to end his affiliation with the "upstanding" usagi and illiquid CPA
-Ian's link to here for the relevant start
-Ian's later post in the same thread here with his added emphasis on PMs between usagi and himself where usagi agreed to refund pending a motion.
-Bakewell shareholders and Ian are the victims in this case, Bakewell was held hostage to usagi denying repayment, Ian while usagi tried to drag his name through the mud for trying to end his affiliation with the "upstanding" usagi and illiquid CPA
This is total bullshit. Ian LIED to me about his financial position with BAKEWELL to try and get out of paying his premiums. Do you get this basic fact? This is DOCUMENTED what he did. The truth that came out by his own words later was he just wanted to break the contract because of what Maged said. All I did was follow the contract, and force Ian to return the bitcoins to his shareholders. This proves 3 things: 1. Ian committed fraud, he defrauded CPA and issued malicious criminal libel against me claiming I tried to clawback funds when I had repeatedly said I was sticking to the contract. 2. Maged is irresponsible, and has demonstrated that his comments caused financial damage to CPA as a direct result. 3. I stuck to my contract and am not a scammer. The bitcoins were returned to shareholders as per the contract. Puffn and some others in the thread agreed that this was a reading of the contract.
Actually to this I will add 4. Ian did not file any grievance with judge.me as per the contract; by trying to resolve a dispute by coming here to the forum he violated his contract a second time.
BMF's CPA insurance plan, usagi failed to properly resolve a conflict of interest-BMF paid 550 BTC for an insurance policy with CPA to insure against loss of NAV
This is an outright lie. Either you are full of shit, or you are incompetent. The bitcoin address was listed in the contract. Anyone can see that BMF did not pay anywhere near 100 BTC to CPA, let alone 550.
Anyone can see the contract where it states that either party may accelerate it's obligation. This is what happened. Game over, contract closed. I explained many many times what this contract was for. I announced this contract in a post on the securities forum. I mentioned this contract in letters to shareholders. I published it on the web. No one complained until six weeks later when puppet, deprived and eskimobob started trolling me at Mircea's bequest.
-BMF lost NAV (as with most of his funds and attributed to poor abilities as an investor)
This is both a lie and misrepresentation of what happened. it is OBVIOUS why BMF lost money. We were entirely invested into mining. it is an UNDENIABLE FACT that while companies like GIGAMINING lost 66%, BMF only lost 50%. This outperformance was due to my skills as a manager. Sorry we lost money. We were a mining fund. Get over it.
-usagi chose to "accelerate payment" on BMF's end to the amount that would have been collected from CPA
-BMF was still on the hook for the additional 50 BTC above coverage paid to CPA
-BMF was still on the hook for the additional 50 BTC above coverage paid to CPA
This makes no sense considering your above claim that BMF paid 550 bitcoins to CPA.
-So either
*usagi acted against BMF's interest and bought overpriced insurance from CPA without a shareholder vote
*usagi acted against BMF's interest by accelerating payment unnecessarily
-BMF shareholders were the victim to usagi doing whatever he wanted and then voting with his own shares as in example 6
*usagi acted against BMF's interest and bought overpriced insurance from CPA without a shareholder vote
*usagi acted against BMF's interest by accelerating payment unnecessarily
-BMF shareholders were the victim to usagi doing whatever he wanted and then voting with his own shares as in example 6
Or.. you're full of shit?
Can we please end this trainwreck of a troll? I am not a scammer. The end. Get it?