Post
Topic
Board Securities
Re: [BTC-TC] Deprived Mining Speculation (DMS)
by
BitThink
on 16/01/2014, 06:47:56 UTC

Now you are suggesting CipherMine to take over the DMS funds completely. That means they 'deprived' all the shares of one of their investors and use them to setup a new fund. Although we, the investors of DMS, will welcome this solution definitely, we cannot deny that it is completely illegal.


Not at all. I am proposing a new manager for DMS. This could only be done if it is proved Deprived is dead or legally incompetent to continue. It would not be illegal. We could sue his estate if it refuses to deal with us as we have a contract with him as asset holders. Would it be a lot of work? Possibly. Is there an alternative? I can't think of one.

That is why it is important to find Deprived, or find out what happened to him. Nothing will change until that is done.

The DMS funds are owned by Deprived, not just managed by Deprived, so we investors are only the creditors of Deprived's personal debt, and don't own the funds and cannot change the manager at all. Yes, we have right to ask Deprived to pay the debts unless he is declared bankruptcy, and Deprived has to pay the debts with all his personal belongs since he runs the fund as a person, not a limited cooperation.

Anyway, I agree with you that the most important thing is to find him or at least find out what happened on him. Currently, the only person who know Deprived's identity is Kate. Do we know if there's any one else?