Post
Topic
Board Securities
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
navitatl
on 04/02/2014, 00:00:03 UTC

The shares are not Ken's, they are ActMs. You have to be pretty dense or just simply love slinging complete bullshit (which is absolutely the case with VE  Kiss) to say that Ken recouping his losses to Ukyo is an exit strategy. And yes, the way the corporate lien works, as I understand it, is that Ken only gets to recoup his company's loss from Ukyo (106BTC) by executing the lien. The rest would go back to Ukyo to deal with his debts as he sees fit.

As usual we have a pretty simple, cut and dried scenario here being obfuscated and fudstered. Real neat.

So when Ken lowered the price, Ukyo lost out on ~2185 BTC. Now there is no "the rest".

How is that any better than simply destroying the shares? Please educate me on whatever arcane code of conduct we're following.