Apparently usagi's now selling off FPGAs bought using BMF funds on behalf of BMF shareholders and using the proceeds to repay the "liquidity loans" he took out
for CPA, presumably because he offered to make himself personally liable for those loans but reckons he can tell the BMF shareholders to go screw themselves:
First point.
1. Due to the closing of GLBSE, CPA has ceased to exist. All of our assets were on the GLBSE so we have no money and no operations and no income from operations.
2. Before GLBSE closed, BMF ordered a few FPGA and ASIC singles.
3. Both I myself, and CPA, owned 800 and change shares of BMF.
4. Therefore I have valid, personal claim on these singles, as does CPA.
5. Therefore this FPGA will be sold to pay off a loanholder (jborkl).
STATUS: I'm boxing and shipping it today. I will update this post with links to the receipt and tracking number later.
Second point.
1. I promised to be personally responsible for the CPA liquidity loans.
That's gotta be fraud, surely?
Thats an...unusual...way to do a liquidation of assets. Usually when a company is wound up the assets get distributed to all the asset holders not just one of them. You cant preference one over the other no matter how many shares you own.