Quote from: mralbi on March 19, 2013, 09:46:43 PM

Dear Bitmarket.eu "stakeholders",

Last week-end from 15-17.3.2013 we had an investors' "kick-off" meeting in Helsinki about the situation of bitmarket.eu, and we just wanted to inform everyone quickly about the main decision points:

1) Bitmarket.eu operations will be closed down. The site will only be left open to handle the old frozen coin issues for which Maciej as the owner of bitmarket.eu is responsible.

2) The group of investors will create a new legal entity in form of a newly founded Aktiengesellschaft with seat in Germany. The company name will be "BiTalo AG" with a website at www.bitalo.com (also bitalo.org and bitalo.net have been registered).

3) So far we have acquired a starting capital of minimum 50.000 euros from a small group of investors. It is still possible to contact us for additional investment of NEW money.

4) It will not be possible to bring in "frozen coins" as shares to the new company, as this is not feasible from a legal point of view. We are still investigating possible solutions for treating "frozen coins" as a long-term investment.

5) Maciej, who represents bitmarket.eu, will sell the code of the old site to the new company, while the user database and debts will remain as his responsibility. Maciej will not be a shareholder nor participate in the administration of the new co-operation.

6) The goal of the new company is to create a new platform with new trading and market functions and efficient security measures so no admin can access a user's bitcoins without consent of the user. Old bitmarket.eu users may create an account on the new site if they wish, but the new company has no obligations towards them.

7) The plan is to start with 6 persons: 3 persons in the management board and 3 in the supervisory board in official roles. They will be paid no salary until the site is profitable.

Cool

The new company will invest the starting capital into the development of a new site and therefore employ Maciej as a consultant. Additional developers will be hired, and one of Maciej's main duties will be to transfer his knowledge of how the code works to new developers and administrators.

9) As long as the new company employs Maciej, he will use part of his income to reimburse frozen coins. A more detailed payback plan might be announced on the old bitmarket.eu website by Maciej. The new company will only be responsible to verify that Maciej fulfills this duty.

10) In case additional people are interested in participation and/or investments, just contact mralbi by PM.

Will the accounts from the old site be transferred to the new site, and will we be able to login through our old credentials?