Quote from: SgtSpike on November 10, 2011, 02:30:53 AM

Quote from: boonies4u on November 10, 2011, 02:20:36 AM

Quote from: SgtSpike on November 10, 2011, 02:17:54 AM

Quote from: Tawsix on November 10, 2011, 01:57:24 AM

As per the contract under which SIN was formed, I will be calling for a motion to wrap up and liquidate the company:

Quote

In the event of winding up of the organisation and liquidising of it's assets , after the payment of the organisations creditors,
the shareholders will be paid all remaining liquidity, divided equally among shares, such that one share entitles the holder
to a single share of liquidity.

I will announce when the motion is up, currently my client of GLBSE is out of date and I am waiting for Nefario to email me back with links to the updated files. In the event of the motion passing, I will begin to sell SIN's assets and paying off the money to shareholders via GLBSE.

Let me guess - since you gave yourself half of the shares, despite not gaining that amount according to the contract you wrote, you expect to reap half the revenue from the liquidation?

He actually has more than half of the shares. Based on the first post, roughly 2000 IPO shares were sold. There are 10k shares in existance.

Liquidating based on total shares in existance would mean that he would be getting more than half.

If Tawsix had sold 2k shares, he should have had all but 2001 shares deleted from the SIN account.

Unissued shares don't count though. He was going to issue shares to himself with half of the dividends given each month. Then, midway through the contract period, he just decided that he was close enough (even though he was actually very far) and gave himself an equal number of shares as those that had been issued. IIRC, he should only have around 350 shares so far. But he gave himself the other 2700, despite the terms of the contract.

If he expects to get anything more than 350 shares worth of money out of the hardware, I'll fight it tooth and nail, and I hope the other shareholders will join me in that.

If you get access to those 2 shares again, vote against the liquidation, I'm not sure how much we can trust him selling these mystery machines (unintentional scooby-do reference).

Has anyone even been able to contact Nefario lately? Though I am not currently supporting the liquidation, I hope Tawsix isn't wasting our time waiting for a reply from Nefario.