Post
Topic
Board Bitcoin Discussion
Re: What to expect from Bitcoin Magazine
by
Mihai Alisie
on 08/12/2012, 22:21:47 UTC

This is the first I am learning about him paying himself 80GBP/hr to do only part of my job. Part of the reason for my resignation was due to Vladimir paying himself $1000/month director salary while refusing to pay anyone else who has been working on the project for the last year. I would like to point out that I never received a salary or any other payment for my 1 year of services. What I did get was a disproportionally small share percentage that was kept so low on Vladimir's advice. This share value will result in a final payout significantly lower than Vladimir's "exit bonus" and far less than he would have received in month salary. I think this goes without saying that this is what ultimately led to my resignation.

https://bitcointalk.org/index.php?topic=115305.0

Shame on you Vladimir for destroying all of our hard work. As Mihai pointed out there was a deal that would have seen 65k of capital injection that would have kept the magazine running under its previous ownership for another year without any additional revenue. For reasons unknown to this day, Vladimir refused to let the deal go through and it also resulted in a precipitous drop in share value. If there is any legal action to be had it is against you Vladimir.

I will add one correction to my post for accuracies sake. Vladimir and Mihai both paid themselves 100BTC cash advance before i left. It was registered as $1000 in our accounting system. So one of the other directors did receive a payment but none of the other shareholders did. This was part of my irreconcilable differences.

you see, when I say their statements are false they are indeed false.


http://www.youtube.com/watch?v=exdK7Lirngg / http://www.youtube.com/watch?v=v5vzCmURh7o