Post
Topic
Board Securities
Re: [BitFunder] Moving Forward/Resolution Process
by
ffssixtynine
on 05/02/2014, 09:59:08 UTC
The thing is, Glendall, that I do know the reasons as they stood back in nov/dec and I do understand. If you read Danny and ukyo's posts there is a hint there that saying too much could lower the chances of us being repaid.

It's been quite a while since then and I still haven't had spoken to ukyo so I have nothing new. I am also unable to say what I do know (have been told) and I can certainly see what it's taking so long, although it's horrible for those of us owed a lot of money. It also doesn't mean we are going to get any back either.

All I can say is that ukyo hasn't lied to my knowledge and that he was actually trying to do something brave and good. That doesn't absolve him of being at fault, only that he wasn't walking away leaving us pissing in the wind. I requested a third party verify he hadn't used or stolen our money and that was confirmed.

The actm share situation pisses me off. Ken took shares off ukyo when his claim is actually over weexchange aus. Moreover, I believe we all have to be part of it in that situation. It isn't much, but those shares were either nothing to do with us unless a court found ukyo personally liable or they were to be sold on all our behalf.

Ukyo had been trying to get then sold for ages to return more money to weexchange users.

Basically ken is acting illegally, as far as I know, and shitting on WeEx users since this money was already flagged as to go to us. Ukyo doesn't owe ken money. A business for which he is owner does, and they are different in law. The shares were personally owned.

If someone can show I am wrong on this then to ahead. However, it's about the law and business entities, not what you think is right. Basically, can ken under US law claim some rights to ukyo's personal assets, as a Belize company, when ukyo's Australian company owed it money? Everywhere I read about this people are confusing who owns or owes what. And no, being sole director doesn't make you automatically personally liable for a company's debts. That's half the point of a ltd company.