Post
Topic
Board Securities
Re: Wtf can you do when an operator goes rogue ?
by
repentance
on 27/11/2012, 23:01:53 UTC

I owned bitcoinglobal shares on glbse and went to shareholder meetings. I also own telstra shares in Australia and go to the annual general shareholder meeting. Exactly what different level of liability does that imply Im not aware of ?


Telstra is a public company for a start and not even comparable to a private company.   It is an entity which has a separate legal existence from its owners and operators.  BitcoinGlobal is neither a private company, a public company nor a limited liability partnership - literally none of the protections which are available to shareholders/investors in those kinds of legal entities are available to you.  

It doesn't matter how wrong I think Nefario's conduct is - and I do think it's wrong - it's ludicrous not to get legal advice before going into business with someone.  The onus to be aware of the legal implications of investing in BitcoinGlobal rested with what you insist on calling the "shareholders" (who were either investors or partners, depending on what kind of legal entity you believe BitcoinGlobal most resembles).  Stop trying to draw comparisons with Enron and Telstra when you know for a fact that they are not valid.