Usagi is only entitled to his percentage of the equipment not 100%. He cant take the entire amount but has to divide it equally amongst existing shareholders.
He basically stole 30% or whatever percentage of shares he doesnt own.
Somewhat true. Shareholders only get a distribution from any surplus left after all other debts have been satisfied unless they have a secured or preferential interest. So even if usagi is the major shareholder, all other debts of the entity in question need to be satisfied before he can receive
his share of the surplus. All creditors within the same class must be treated equally.
The major problem with usagi's approach (from a practical as well as a technical point of view) is that there is no guarantee that any other assets of BMF will be realised. If the equipment is the only asset which is realised, then usagi has given himself preferential treatment at the expense of other BMF creditors in order to pay off a CPA debt (which is essentially a personal debt). usagi has provided no evidence that he had a secured interest in the mining equipment (which doesn't come about purely because he's the major shareholder in BMF or because his name might be on the receipt for the equipment). He needs to explain how that secured interest was created and how he's legally a secured or preferential creditor of BMF.
Contracts of usagi's companies
Links to spreadsheets and information about usagi's companies on his website (which he has also taken offline)
Announcements and results of shareholder motions
Arguments between usagi and various forum members about how he has been misleading customers in fraudulent business schemes
This thread is a good starting point but without the deleted posts it will be complicated to understand what really happened.
He deleted literally hundreds upon hundreds of posts. Here's one thread in which it some stuff was discussed.
The second post quotes in full an October 4 post by usagi which is pretty critical to the way this has all been handled.
https://bitcointalk.org/index.php?action=printpage;topic=115284.0I have screen caps of the account 12, account 15 and account 16 CPA contracts if anyone needs them.