Post
Topic
Board Securities
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SebastianJu
on 23/01/2014, 20:04:50 UTC
I truly hope you have some plans for the following:

a. be able to distribute funds from the sale to weex users in debt.
or
b. explain to a court appointed handler where portions of my assets are.
(As well as explain to other weex users why your debt is more important than theirs)

I think youre correct here ukyo. Regardless if the 106BTC owned are ActM-Funds or Ken's private funds. He cant simply sell them because the shares belong to a private person not weexchange. As long as ken cant proof that ukyo is personally liable he cant sell them because weexchange is in debt. Its a legal risk he takes. It would b different if ukyo personally is in debt because then it would be legal i believe.

On top this sell means lowering the shareprice for all shareholders.

If the shares are owned by weexchange it would be legal too. It would be luck for the person that has something that belongs to weexchange. Though it would be unfortunate for all other weexchange victims. The shares would belong to the company and not to a specific person then.