WHo did you scam? BMF!
No, you're full of shit. BMF had ~2500 outstanding shares.
I personally owned 550 shares.
CPA owned around 600 or 700 as well and I owned over 10,000 shares of CPA. (The shares of BMF and CPA were bought out of personal money and did not include 250 non-saleable management shares of BMF and ~2,500 of CPA).
NYAN.A had around the same, maybe 900 shares. of BMF.
I owned or controlled at least a 90% majority of BMF.
I did not need a shareholder vote to do anything. Sorry to burst your bubble but your claim is
stupid because I
personally owned more than 40% of BMF. Who was I scamming? Myself? Doesn't make sense.
Mining bonds crashed, then GLBSE shut down. None of that was my fault. Everyone knew BMF was a mining fund. Nothing you ever say or do will ever make what happened my fault.
Furthermore it is well known I donated 100 of my own personal shares back to BMF to try and control the mining crash. So yeah, not a scammer. More like a hero.
As for what btharper said... clear and concise please. You failed to read my response. If you "fail to understand" something, it is not my problem.
WHo were you scamming? The other 10% of investors who you didn't control. 90% != 100%.
If you actually believe what you've posted there, then it shows just how totally ufnit you are to ever be trusted to manage other people#s money.
Having control of 90% does NOT give you carte blanche to do what you like with funds. Consider the following 3 scenarios:
1. You give away a chunk of the company's assets to yourself.
2. You give away a chunk of the company's assets to a different company managed by yourself.
3. You sign a contract with another company managed by yourself whereby they're given a chunk of assets in return for a consideration. You never request the consideration from you other company.
Now it IS just about possible you'll claim to believe even scenario 1 is fine - I'm reluctant to set ANY limits on the extent of your ignorance and/or willingness to lie as you've proven amply qualified in both areas. That's to say you may actually believe that you can just help yourself to assets of a company you manage because "I have 90% of the shares".
But if you DON'T believe you can do scenario 1 - then you need to look more carefully at scenarios 2 and 3 as they have an IDENTICAL impact on the shareholders of your company. And all three scenarios would have a high chance of landing you in prison in most western countries (can't speak for whether it's fine to just help yourself to things "because 90%" in China). Scenario 3 is what you did.
As for "it's not my fault I lost a ton of money investing in mining bonds". Uh - yes it is. You bought tons of mining bonds that could NEVER be profitable at the prices you paid (just look at how many years they'd take to repay investment if difficulty didn't rise - then look at a graph of past difficulty and wonder how you could be so dumb). Maybe you bought them on the "Bigger fool" theory - in which case you found out there actually wasn't one - but I'd guess you just didn't ever do any proper analysis. If you HAD done proper analysis then would have posted it to explain why it wasn't your fault - but if that were the case (and they were worth what you paid) then you wouldn't have sold them for a loss, you'd have been buying more. So clearly you accepted your initial valuation was wrong - or you'd still hold the bonds.
Here's probably when you trot out the old chestnut about "but BTC rose vs USD" - as though basing an entire investment plan on gambling that BTC wouldn't rise is somehow good management. Not to mention that the impact of that is pretty much marginal long-term on fixed-rate bonds anyway (hint: you don't get less BTC per block just because of exchange-rate changes).
You're one of those unfortunate people we have the misfortune to encounter in life sometimes. Everything they touch gos to shit - yet they can never quite grasp that it may actually be their fault: it's always caused by things out of their control. Were that your only problem I'd just feel sorry for you. But you also lie through your teeth, attempt to bully people out of pointing out your lies and (as evidence in my quoted post) apparently believe that you actually have the RIGHT to steal from people in certain cases ("I have 90% of shares so am entitled to steal from those with the other 10%"). So you're actually pretty despicable - not just just pathetic.