Quote from: cryptodevil on March 12, 2019, 11:05:52 AM

Quote from: LEOcoin Foundation on February 28, 2019, 05:50:16 PM

I let your post stand. Even when I find your conclusion premature and insinuating.

Where in my post did I state anything at all, let alone a conclusion? I merely asked for your input on the publicly available documentation concerning the state of the LEO organisation and the the founder of LEOcoin, who remains arrested in Pakistan and unable to leave the country.

Quote from: LEOcoin Foundation on February 28, 2019, 05:50:16 PM

the opinion of Mr- Kamran, not as proven facts.

According to the court documents Mr Kamran presented a raft of evidence to support his claims, chief among them that Dan Andersson issued and sold more LEOcoins than the company could possibly fund, evidence that was accepted by the court as legitimate, as opposed to that submitted by LEO which was not even signed.

Even LEO's own submission to the court asserted that the company was both unable to fund legal representation in its defence AND that LEO is "insolvent or at high risk of insolvency

LEO is the entire MLM structure behind LEOcoin and they have declared in their own words that they are broke.

Quote from: LEOcoin Foundation on February 28, 2019, 05:50:16 PM

I find your conclusion premature and insinuating.

How about when it is the company's own own conclusion?

Surely you must have something to say about this by now?

Dear Sir/Madam cryptodevil,

the conclusion in your reply was: "Andersson fires him to shut him up", which was not proven in the law case, as the accusations by Mr. Atif Kamran were not object of the case, but the question, whether or not the dismissal of Atif was in agreement with UK regulation. By the way, I hope these accusations are not true, as this might harm the LEOcoin community. And like you, I have seen this statement in the courts documentations with regard to LEO Ltd. financial situation, but again, LEO is a third party, for which I clearly cannot speak. But these issues do worry me too, as they could backfire on the community. For my stance on the whereabouts of Mr. Andersson, please see my previous reply. Nothing has changed in this regard and I see no need for you to ask about this repeatedly.

I do however strongly disagree with your assessment, that LEO would be the MLM structure behind LEOcoin. LEOcoin is a crypto currency on a blockchain. It was 5% pre-mined by the co-founders, Mr. Andersson and Mr. Kamran. The majority of LEOcoin (at that time) was mined by proof-of-work delivered by miners and their RIGs. Also the move to a solely proof-of-stake mechanism in 2016 was a normal move for a cryptocurrency and did benefit the environment - by reducing energy (waste) caused by mining hashes - and the LEOcoin holders, by having them participate in new LEOcoin creation in a fair, decentral, democratic and distributed way. Today LEOcoin is still owned by those who hold LEOcoin in their wallets and these holders can freely exchange their holdings in LEOcoin on several exchanges. Currently, the market capital of LEOcoin according to CMC is a little below 10 million US-dollar, with around 121 million LEOcoin in circulation.

With regard to the true or pretended true allegations of Mr. Kamran - which he did bring up in the documentation accompanying the court verdict - I fear, that I cannot say much. It is your choice to call these allegations 'evidence', but as none of these claims were proven or discussed in court (at least I do not see any reference to these claims in the verdict), I rather opt for the word allegation. As this concerned a court case between a third party and one of its directors, I also do not see, why I should say something about this case that neither I, nor the LEOcoin Foundation were involved in, except for what I have already stated.

Positive, is that the outcome of this case did not greatly have impact on the LEOcoin price levels, which displays the balance between supply and demand. I assume that the outcome of this legal dispute was already prior to the verdict calculated into the price of LEOcoin, or perhaps, LEOcoin holders do not take Mr. Kamrans accusations to be very relevant.

I do hope, that the anticipated move to the Ethereum platform will enable LEOcoin to move on and find ways to increase in value, ease of use and more transparency. The LEOcoin Foundation is in contact with exchanges and other parties in the crypto world, so we can find good and appealing ways ahead.