Quote from: SebastianJu on March 28, 2014, 09:49:32 PM

Quote from: thy on March 27, 2014, 12:17:58 AM

Quote from: mgio on March 26, 2014, 04:27:57 PM

Ukyo is just begging himself to be sued now.

I don't understand why he has said NOTHING in over 2 months now.

I've e-mailed him several times and he just stopped responding.

I'm willing to sign an NDA if it means he can share at least some of what is going on. Really, *anything* when it comes to the ukyo.loan funds.

Given that Ukyo still owes me about $150,000, it would definitely make sense for me to start talking to my lawyer.

Ukyo would have no option in that situation but to declare bankruptcy. He should at least be attempting to work with his creditors and coming up with some kind of plan to get at least some of his money back. He must realize we will not wait forever. I'm getting pretty pissed off.

He clearly wouldn't have to declare bankruptcy for that small sum $150 000/250 btc, but i guess the legal system would then have to look at all the money he owes to people and if he's possible investments he claims to have done haven't started to produce enough bitcoins yet it may be problematic for him if they can't handle his assets wisely until they do bare fruit, then all people he owes bitcoins may end up getting back less than 100% back.

Quote from: SebastianJu on March 26, 2014, 08:23:28 PM

Quote from: KS on March 25, 2014, 09:29:16 PM

@Seb: why send a letter to Oz and not the States?

Weexchange is registered in australia primarely, as far as i know. And i guess using an american lawyer will be costlier than an australian one when he gets what amount it is about. At the end i only want information first since i dont believe sueing simply will yield any good result. weexchange and ukyo dont have money to be sued out of them.

He does clearly have some holdings worth some amount of bitcoins, the easiest ones is whats tied to a public bitcoinadress known to had the 232 000 activeminer shares at bitfunders closure that belonged to ukyo, that adress, 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq also had other holdings:

ActiveMining    232,175    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
ADDICTION     3,927    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
BitPride     85,476    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
BTCINVEST     96    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
btcQuick     2,915,576    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
CRYPTO.LTC     2    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
DISCOVERY     10    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
FIAT.AUD     1    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
FIAT.USD     27    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
Graet.Loan     979    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
Kenilworth     25    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
LabRatMining     15    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
NEOBEE     116,667    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
RentalStarter     9,505    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
SatoshiPoker 4,000,000    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
TU.SILVER     11    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
Ukyo.Loan     7,695    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq

So if we take the last known price when Bitfunder closed or a later price if they have traded later on other exchanges or for those that haven't traded open just the buyprice we would get the following(i did count on it a few weeks ago so there may be slightly different prices on the stocks actively traded on exchanges now)

       per share    Btc total       stock current status
satouchipoker    0,00008000   320 private
NEOBEE       0.00400000 466,668    Havelock
RENTAL STARTER 0.00579000     55,03395       Havelock
Graet.Loan     0,01       9,79       when graet gets back on track
ActiveMining    0,0006-0,005 139,305-1106,0875 BF 0,0009 Last price (Cryptotrade 0,005-0,0005/CS)
BTCQuick    0,00013?    379,02488       values will be payed back to shareholders in 6-12 months time
ADDICTION    0,007       27,489          private
BitPride 0,00000400    0,3419
PAYED OFF ukyo shares       76,95
tu.silver     0,0111       0,1221         Private usagi
LabRatMining    0,119       1,785
Kenilworth    0,00062-0,0018 0,0155         ?? maby havelock in the future
FIAT.USD    0,0012       0,0324
FIAT.AUD ? ?
DISCOVERY    0,0074       0,074
CRYPTO.LTC    0,019       0,038
BTCINVEST    0,1922       18,4512    Trade Fortress missing, some BTC from Kate/ciphermine holdings
====================================
Total around 1495,1107 btc

and there have been some dividends after bitfunders closure.

   per share    btc total
dividend rentalstarter   0,00001310   0,1245155
dividend btcquick    0,00000008   0,23324608
dividend Addiction    ?       ?

Thats around 1500 btc for those holdings alone.
If Ukyo also had other accounts/public adresses with bitcoinstocks in them on Bitfunfer or stock holdings on other platforms like BTCT-CO i don't know but it seems very likely.
There has also been several threads on bitcointalk where people seems to connect A couple of transfers of ~5000-7000 btc on 2 occations to a mining company and a bitcoin mining hardware producer, whether they got things right when they traced the flow of bitcoins and it was in fact Ukyo buying shares off the open market in the mining company and/or buying mining hardware from the hardware producer i don't know, i guess only ukyo and the 2 company's can tell.

Clearly some positions would have to be sold off carefully, dumping shares on the market wouldn't do any good for the price Ukyo get's for the shares and other things thats not listed may take time to find a buyer at resonable prices and if he in fact has holdings in the mining company that has had some problems sofar those will at least start to generate some btc back now and if ukyo possibly have started to get miners in the 100's of TH they would resonable be producing a fair amount of BTC each day for him now then.

In Ukyo loan it's pretty simple math Ukyo owes people around (2000-76,95)*(1+(0,015*3,5))~2024 BTC
In the weexchange balance matter it's a bit harder to know as we don't know how much of it that belonged to ukyo and whether his and/or cryptosyprus balances was included in the 6.175%, but around (386/0,06175)-386 = 6251-386 = 5865 BTC

I really don't think it will be good for anyone if people started 20 different leagal processes agains Ukyo that would just mean more costs for all parts and less money left to those ukyo own money, ideally Ukyo, Graet and cryptocyprus would talk more openly about what is beeing done and if/what people can do to help Ukyo/Graet to get back on there feets and sort this out as fast as possible.

Well i guess the obvious would be if everyone in the bitcoin community would point one or more of there Bitcoin miners & Litecoin/scrypt miners to Graets Ozcoin pools https://ozcoin.net/ and https://lc.ozcoin.net/ ,there hashrate is a bit weak at the moment and i think Graet would need and appreciate all the help he could get and by helping Graet you would not only be helping Graet and Ukyo but also indirectly be helping the something like 200 people that loaned Graet and ukyo money in there loans and also be helping the unknown amount of people that have funds stuck in weexchange get there bitcoins back, witch in many cases would mean yourself to.

Maby someone that actually have got any information whatsoever outside of whats been said in the open on bitcointalk from Ukyo/Graet/cryptocyprus in this whole Ukyo loan/Graet Loan/Weexchange mess would care to share some light on what really is going on and not just claim they can't say anything either.

Why should ukyo own shares of its own loan? That doesnt make sense. Where do you get that this address and the attached shares is ukyo's?
Ukyo wanted to sell his ActM Shares. So i dont see that he would own shares, that could be seen by anyone, and wouldnt try to sell them to pay back some of the debts.

It does make sense that ukyo own shares in his own loan, he did do regular redeems of shares when people asked for it before the problems started on bitfunder and he probably bought back shares at under face value on the market when people dumped shares before the problems to and resold them at face value or higher price. Ukyo has also bought back some shares after the problems started.
If my memory serves me right there was also a gigantic buywall at low prices(think it was 150 000 or 200 000 shares at 0.005) when bitfunder started it's restriction and whind the site down, i can only imagine it was one of two people that was behind that buywall of 750-1000 btc value, either Ukyo or Cryptocyprus and there was at least on one occasions shares sold into that wall.
So the share Ukyo has in his own loan in burnsides list is simply shares Ukyo has bought back, either as redeemed shares or on the market at low price, the shares didn't magically dissapear when he bought them back, there was always 200 000 shares out on the market after the full 200 000 shares had been issued and put on the market the first time, the share in Ukyo-loan in burnsides list do add up to the total of 200 000 witch is the correct amount that was out on the market, the list of Ukyo's holdings is from the list Burnside published on btct-tc over all asset-holders at bitfunder.

Ken slaughter claims to have sold Ukyo's ~232 000 shares in Activemining on Crypto-Trade when he dumped shares there, but that move was hardly legal, so technically Ken will probably have to tie those shares to ones he owned himself instead and Ukyo would still technically have his shares in Activemining left, but in any case i think the total amount they sold for when ken dumped them was at least over 116 btc and ken slaghter don't have bigger rights to those 116 btc's than any other people Ukyo owes money whether there's in the form of Ukyo loan or Weexchange asset-holder.

There could of course be other changes now to what Ukyo holds compared to when Burnsides list was made, but if Ukyo sold some of the assets on the list he should have around the equivalent amount of BTC instead so in that purpose it shouldent matter much whether he still holds the stock-assets in question or if it's in the form of BTC now, it's still an asset Ukyo has that is of a certain amount of BTC value that is greater than 0 however you count on it.