Quote from: Bitcoin Oz on November 27, 2012, 10:36:25 PM

Quote from: bitcoinbear on November 27, 2012, 09:58:25 PM

Quote from: Bitcoin Oz on November 27, 2012, 09:30:16 PM

My question is by owning shares in them should you have unlimited liability if the operator goes rogue ?

I have not heard of any examples of people trying to get money from shareholders? Your loss is limited to the amount you put in.

Its been said many times that the glbse shareholders are liable for nefarios actions.

I am saying that I am essentially being treated on the same level as Nefario. I may as well have a scammer tag because people misunderstand the roles of shareholders and operators. I have been called a scammer and a "co conspirator".

Someone offering a security without a proper shareholder agreement is essentially entrapping the unwary and people need to be aware of it.

if you were a partner (not a shareholder) in GLBSE then you are liable for the actions of GLBSE, which you allowed Nefario to run. If GLBSE was registered as a corporation or a limited liability company, then you would only be liable for what you put into GLBSE. If you just opened a general partnership, well then you are fucked.