Post
Topic
Board Scam Accusations
Re: Usagi: falsifying NAVs, manipulating share prices and misleading investors.
by
makomk
on 19/11/2012, 22:29:52 UTC
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.
What proportion of those assets came from outside CPA shareholders who, in turn, had no say in how it was run because the majority of shares were controlled by other companies run by you? I have an odd feeling that if it were possible to trace the tangled web of corporations, it'd turn out that a substantial majority of the actual seed funds came from outsiders. You're basically confirming btharper's claim.


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.
It may be an outright lie, but it's exactly what you claimed happened. Let me refresh your memory. This all started when someone looked at the Bitcoin addresses linked in the contract and noticed that (a) the CPA hadn't paid out under the policy despite BMF being eligible for a payout and (b) BMF hadn't kept up their repayments. You claimed that you'd decided to accelerate BMF's payments to the CPA even though BMF was under no obligation to do so, and even though this was obviously detrimental to BMF shareholders, apparently in order to cancel out the insurance payment CPA owed. Strike one. You then further argued that this was no big deal since the insurance contract you'd entered into - on behalf of BMF shareholders with another company you owned - was basically worthless anyway, since the required premiums over the life of the policy exceeded the maximum possible total payout. Strike two. You then went on a deleting spree and removed all of your posts from the forum. Strike three. (Do I have to dig out archived copies of them?)