Quote from: Deprived on November 26, 2012, 11:59:49 PM

Quote from: makomk on November 26, 2012, 07:49:50 PM

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:

Quote from: usagi on November 26, 2012, 05:11:55 AM

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?

Well usagi has this amusing delusion that if you own a majority of shares in a company you can just help yourself to what you want from it - this has been repeatedly stated by usagi.

Usgai/cpa own a large chunk of BMF shares - the majority apparently. If they own X of the Y shares issued and BMF is being shit down then X/Y of the value of any asset would go to them. But why settle for that if you can just take it all?

Response will of course be the usual "You're just trolls", "I own most of the shares so I can steal what I want" etc etc.

I think usgai genuinely believes having most of the shares allows you to steal from the remaining shareholders - it actually it believes it has that entitlement and that there's nothing wrong with doing it. And it'll happily opst pages of insults, gibberish and lies to make it too much work for mods to award a scammer tag.

This is what I mean. The assets should be sold and distributed to ALL shareholders. Doing things differently rips them off.

Thats if there are any other shareholders by now lol.