Post
Topic
Board Securities
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
MilkyWayMasta
on 04/02/2014, 00:18:54 UTC

He lost 100BTC from the company books to Ukyo. That isn't cause to destroy shares, ffs... Where do you clowns come from?! The shares are an asset claimed by Ken via the lien to recoup his losses. His current listing price will recoup his losses.

It's all very complicated, clandestine, and conspiratorial.  Roll Eyes

The condescension isn't necessary - I'm making an honest effort to understand your perspective on this, and how this can be seen as a reasonable decision.

Let's see, under lien on Wikipedia I see "In other common-law countries, the term lien refers to a very specific type of security interest, being a passive right to retain (but not sell) property until the debt or other obligation is discharged".

So what definition of lien are we using here? Do I need to dig up some Belize lawbooks?

I understand that the losses will be recouped, but how is this the best way to do it, rather than just keeping the shares as a company asset?

The losses were in BTC, not in ActiveMining shares. Maybe Ken wants to buy a new car with the recouped BTC funds or use the funds for the company, who knows.