Quote from: usagi on November 21, 2012, 04:16:05 AM

Quote from: kjj on November 21, 2012, 01:57:45 AM

Quote from: usagi on November 21, 2012, 01:18:52 AM

Title of thread: falsifying NAVs, manipulating share prices and misleading investors.
Accusations:
1. falsifying NAVs (Shown to be false -- data was pulled directly from the GLBSE in our spreadsheets)

LOL.

Your other two claims are pretty dubious too, but this one had my rolling in the aisle. Your valuations were related to the GLBSE data in that they were both numbers, but that's pretty much where the similarities ended.

Trolls have spent months trying to defame, demean and demonize almost everything I do here. For example I just recently announced that I am working on flashcard software to help people learn languages -- software very similar to anki, stackz, and iKnow. I was immediately attacked over having poor Japanese regardless of the fact that nobody could criticize the actual Japanese samples I published, AND that my knowledge of japanese is not relevant to how well I can code a general purpose flashcard language learning program. This is what I have to put up with on here.

If I was going to get a scammer tag because you don't understand how to value stocks it would have happened six months ago.

Here, let me reccomend a book: The Intelligent Investor, by Benjamin Graham. Here's another, One Up on Wall Street by Peter Lynch. Oh and another, common stocks and uncommon profits. Hey here's another, Rich Dad poor Dad, by Kiyosaki. Let's not forget that rare gem Margin of Safety by seth klarman.

What do all these books have in common besides the obvious? For one I've read them, often twice or more; they're all sitting on my bookshelf right now.

May I suggest you read a few books on securities analysis before you start flapping your lips about it? Valuing a company, specifically the term NAV, has ZERO to do with the stock price at the moment. ABSOLUTELY ZERO. This is why you and other's accusations sound so STUPID, and yet so PLAUSABLE to the uneducated. NAV, net asset value, is something more akin to BOOK VALUE. Especially in the case of a MINING COMPANY where the entire basket of assets is MINING HARDWARE with a KNOWN PRICE.

So you can just fuck off right there. You are DEAD WRONG about how I valued stocks. I will NEVER, EVER, EVER get a scammer tag for how I valued stocks.

GO AWAY.

Congratulations on your pop-finance book collection. Personally, I prefer textbooks over pulp. For pricing, I tend to prefer Hull's Options, Futures, and Other Derivatives. Despite the silly name, it actually covers bond (and other asset) valuation pretty well. Spoiler alert: every method known to man, other than mark-to-market, is based on statistical models that assume that the next X years will be similar to the previous Y years.

Do you remember 2008-2009? That was a magical time in the real world, when thousands of people learned that their fantasy models were wrong, and things really were worth what the market was willing to pay for them. The exception being like 7 people that were liquid, solvent, unleveraged and holders of their assets in fee simple. Those guys got to keep valuing their stuff in whatever way they wanted to. (You were not in this group.) Everyone else learned that the present and future are not the same as the past.

At risk of wasting my time with these other guys, I'll say it for the hundredth time, in futile hopes that you'll actually read and understand. Mining hardware is worth either what it will produce before it wears out, or what you can sell it for, not what you paid for it. Including shipping costs in the value is extra-LOL.

I have this image in my head of you as a 14 year old kid, sitting in mom's basement, cursing at the internet and frothing at the mouth. You just can't figure out why yelling isn't working, so you keep yelling louder. Despite all of your yelling, your valuations were/are bullshit. This isn't some big conspiracy against you, you were just wrong/inexperienced/irrational/exuberant/whatever, and rather than fess up to it, you go absolutely batshit crazy whenever anyone points out your shortcomings.

P.S. Try reading some of my posts. I'm one of the very, very few people left here that doesn't think you should have a scammer tag.

P.P.S. You have done a much better job defaming, demeaning and demonizing yourself than the "trolls" ever could have done.