It is my understanding, based on what little information I have, that the transfer of ownership of Bitcoin Magazine has been done improperly and highly likely fraudulently (if the article about new ownership published on bitcoinmagazine.net is true). It might be potentially classed as fraudulent because no proper shareholder vote was done and they have attempted to conceal this matter from at least some shareholders. It is my understanding that Mihai Alisie as sole director of the company acting dishonestly and in conspiracy with a number of third parties has potentially fraudulently transferred assets from other shareholders (the company) to himself and his co-conspirators without shareholder vote being properly done.

I own a significant amount of shares in Bittalk Media Ltd and I am not aware about any shareholder votes related to any significant property transactions nor have I received any consideration for any property of the company or for my shares. The third parties involved in this transaction ought to have known that they are very likely dishonestly assisted in director's breach of fiduciary duty and therefore very likely will be liable themselves.  Not to mention that annual employment contracts received by some look too much like bribes.

It also appears that Mihai Alisie has transferred ownership of domain bitcoinmagazine.com to himself (see whois) while the domain was bought by him acting in capacity of director of the company, following instructions of myself (Managing Director of the company at the time) and using company money that were specifically transferred to him for purpose of purchasing the domain. He also claimed in private conversations that that domain somehow belongs to him and that he himself somehow owns a lot of "intellectual property" which rightfully should have been owned by the company.

I will pursue this matter legally in due course.