Quote from: LoyceV on September 06, 2021, 09:32:52 AM

Quote from: PrimeNumber7 on September 06, 2021, 07:01:04 AM

Quote from: LoyceV on September 06, 2021, 06:18:50 AM

That also means buying back BKB tokens doesn't make me whole: he broke his buy-back promise, which is what forced me to exchange the BKB tokens for other tokens.

I have to disagree with you on this one. If Dean unilaterally changed the terms of the BKB tokens, you would have a breach of contract claim against him.

I don't get why you disagree on this. Dean ended the quarterly buybacks, which broke the terms of the BKB tokens, which is a clear breach of contract, which is (the main reason) why I Flagged him.

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If someone owes you money as evidenced by a bond, you cannot sell the said bond for a discount and expect the creditor to pay you the difference

No worries, I have no expectations left.

As a holder of a debt obligation, you have an expectation of repayment obligations, and/or repurchase obligations as outlined with the agreement between you and the creditor (in this case Dean/BetKing).

If the creditor fails to honor any repayment or repurchase obligations, as a holder of a debt obligation, you have a cause of action against the creditor. A holder of a debt obligation can be made whole by the creditor honoring their repayment or repurchase obligations. A holder of a debt obligation can also choose to settle their claims by accepting less than the total amount owed in exchange for a quick resolution and/or certainty they will receive a recovery. If you sell your debt obligation you are selling the right to receive a repayment (and to sell your debt obligation via repurchase) to the buyer, who can choose to settle if he so chooses.

The title of this thread appears to imply that you "lost" 99% of your "investment" due to Dean's/BetKing's default in their obligations. A key part of the type of flag you opened is that there needs to be a way in which you can be made whole, and have the flag rescinded. Presumably, you want to receive the 99% of your initial investment that you lost. If this happens, what happens to the buyer of your BKB? They presumably bought a token with a face value of $1.00 for a price of $0.01. If they bought at a discount, the face value remains the same, and they presumably bought with the expectation of either being able to receive the full face value of the token or being able to settle for less than face value, but at an amount greater than their purchase price.