Quote from: Tawsix on November 20, 2011, 07:16:06 PM

To others: The time I logged is from straight working on computers. It does not involve the time I spent driving around picking up materials, it doesn't cover gas, it doesn't cover wear on tools, it doesn't cover time spent on this project besides working directly with the computers, it doesn't cover internet costs, it doesn't cover insurance costs, and it doesn't cover property taxes, to name a few things it doesn't cover. And that's just my things it doesn't cover. The value from the contractors is straight time paid, it doesn't cover workman's comp, it doesn't cover the materials they donated, it doesn't cover gas, it doesn't cover their insurance, and it doesn't cover their fees, to name a few things it doesn't cover.

So here is the ultimatum: I will give you a total time logged. I will give you the activities that that time was spent on. I will give you a (non-comprehensive) list of materials that were donated or borrowed that otherwise would have had to have been bought.

Or I will sit down and basically audit myself and account for every screw, every plug, every wire, every second of my time, and bill the company for it all. I will ask the contractors for bills. These bills will be far greater than just time worked (which will also be on there, except at their actual working rates, far greater than the $30/hour or so I am giving them). I will gladly post the proof of these bills from the contractors. At that point there will be no going back, and the contractors will be paid their bills to the best ability of this company. Their bills will be far greater than the $10,000 we could expect to make from the liquidation. Investors will not see a single cent of it.

Perhaps some of you aren't grasping the magnitude of how much was given to this company to make it work. I didn't collect dividends so this company could get off the ground. I didn't charge for time spent so this company could get off the ground. I called in a lot of favors from a lot of people to give me help for free so this company could get off the ground. I am tired of people acting like that did not at all contribute to the company being profitable, and that it did not contribute to the dividends the investors got, and that it didn't contribute to the growth we were able to experience.

So here's the deal: say the word, and I will put up a motion concerning this. I won't vote at all on this motion, it will be purely an investor vote. Just keep in mind, if that motion goes towards asking for bills, there will be no going back, and there will be no money left for investors.

You don't understand, do you?

You told us you would work on this project for free, if you wanted to change the terms, that should be approved by the shareholders.
If you were going to hire contractors to work for us, that also should go through the shareholders.

ANY TERMS that are being changed should go through the shareholders. You have not done this, therefore it's not valid.

The thing is, since you haven't actually paid for your shares, those shares are basically owned by us...
Since we (the bank) gave you (loan taker) a loan with the investment in your venture, which you haven't paid of. You still owe us the rest (202BTC paid), since SIN (the investment) is not profitable we need to liquidate.

If you were to go to a real bank and say, "Sorry, the investment went south, so basically I'm taking half of what's left in the company(loaned capital)", and have the nerve to give the bank and investors an ultimatum... AND also on your own changing the terms and putting the losses on the bank instead of yourself.

Your so called "ultimatum" basically means that you have made a profit (your work or not) from day one. We on the other hand, will take the loss. And we all know the word for that :/

Shove your ultimatum you know where and realize you f**ked up! Now you need to be a big boy and take the hit like everyone else!

bing

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