Quote from: mgio on March 29, 2014, 07:43:53 AM

Quote from: thy on March 29, 2014, 07:16:42 AM

Quote from: Evolyn on March 29, 2014, 06:54:38 AM

Quote from: malkusch on March 29, 2014, 05:42:29 AM

Please be aware that this is the loan thread. Don't mix the WeEx issue into this topic.

Yes, I mixed up these threads, sorry about that. But when I think about it, it's not possible to stricly separate these topics. The thing is we still don't know what happened to the money on Weex/Bitfunder, how things are going on and how that affects the loan. But I'll try not to mix up the topics too much.

Quote from: malkusch on March 29, 2014, 05:42:29 AM

Ukyo doesn't need to explain what he does with the loan.

Without the whole Weex/Bitfunder story I would agree on that.

Quote from: malkusch on March 29, 2014, 05:42:29 AM

Regarding the time frame. Imagine you get a loan of 2000 BTC from your bank. What time frame do you expect for paying that back? The loan contract we all agreed on used that wording:

Quote

Redeeming shares may take some time to liquidate positions or procure more BTC.

Please apply the facts that Ukyo lost the income of bitfunder, might have some BTC of the loan itself stuck in the WeEx issue plus now every holder seem to claim back their loan shares. 5 month seems more than unrealistic for that.

I'm aware that liquidating positions can take some time, but I'm also aware we're in bitcoinland - here you can't translate timeframes 1:1. Waiting 2 weeks, 6 months or even longer wouldn't be the problem if we know he needs that amount of time and what's going on, but for already a while all we know is there is a big black btc hole. All we hear is "things are moving forward, but I can't tell you anything" for some time now. It would be nice to see or know there is some progress, but we get nothing, just the same phrase all time. Not even one share got redeemed since the Weex/Bitfunder problems started? All I want is to be able to track any kind of progress on this topic. Honestly, at the moment I just feel scammed and want something that changes my view.

mgio got some of his shares redeemed after the problems started and the massive redemptions were sent to Ukyo and ukyo said that there was also some people with small positions before mgio that got there shares redeemed to.

But other than that your right, there has been very little visible progress or information on whats going on.

No, I got NONE of my shares redeemed. According to ukyo, I was at the top of the queue as I was probably the first to request redemption that had not gotten redeemed, at least. I requested redemption the same day that bitfunder first announced that it would no longer due business with US customers anymore.

I was able to sell about 254 of the 25,000 shares I owned at below issue price but of course I was never able to withdraw that money because of the weexchange issues. So, I still own 24,746 shares, none of which have been redeemed. The only I ever got was 6% of my stuck bitfunder balance, just like everyone else.

Oh sorry to hear that you diden't get any shares redeemed, i thought Ukyo had started to redeem yours back then, i must have missunderstood what Ukyo said then.