Quote from: Bitcoin Oz on November 26, 2012, 08:49:40 PM

Quote from: repentance on November 26, 2012, 08:08:01 PM

Quote from: Bitcoin Oz on November 26, 2012, 07:56:52 PM

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.

You can if you're clever about how you set the company up and organise things so that you're a secured or preferential creditor. Of course this is not a "company" in any meaningful sense of the word so there's really not much to stop usagi "liquidating" his ventures any way he wishes.

The contract never said anything about preferential shares.

Using BMF assets to pay off a separate company debt is a scam.

No it's not, because CPA owned the assets. You have failed to think this through very clearly.

CPA owned ~35% of BMF. So did I, actually. These are known, provable facts. Together this obligation amounts to around 900 bitcoins, or $10,000 US dollars. Second point, I don't have the list of shareholders from CPA or BMF yet. It makes sense to use this single to cover CPA's loans because CPA essentially owns the single, and then remove CPA's claim from that list. To allege fraud in this case you will have to show:

a) An intent to deceive (not present)
b) for financial gain (not present)
c) or to damage an individual (not present).

You can't do that because money is fungible; When we liquidate BITCOINRS, SATOSHIDICE and BTC-MINING, for example, it will be a matter of simple math to remove the 60 odd bitcoins we will get from CPA's claim. The ONLY thing not doing this will mean is that loanholders won't get paid for another 3 months. It does not mean you will get money any sooner than I get those lists from Nefario. So you guys are dreaming when you say I am stripping assets or taking anything from the company. A big fuck you to repentance and the others who insinuated that, but especially repentance because he's a fucking dink.

In no case will CPA or myself or any of my companies receive a greater proportion of the claims than any other claimant based on the shareholder lists I get from Nefario.

Please close this stinking shitball thread.

And for fuck sakes, use your brain. I cared about my companies and I used my personal money to support them. If I wanted to rip off a bunch of stupid fucks like you, I could have run a shareholder motion to give myself a performance bonus and there would be nothing you can do. This actually happens all the time in the real world, ironically especially in the mining sector. So go to hell.