I did catch him earlier. I told him he really needs to post -something-, put it that way.

For now we should sit tight. We're all in this boat and going off on one isn't going to fix anything. He knows how frustrated people are, and I can tell that the guy is super stressed (as he should be).

I do know he has plans for WeExchange as he's said here, and he can't proceed with anything until this issue is resolved. There is no reason to think he's run off with the money since he's not anonymous and has everything to lose if this goes bad. I also know he's been seeking help from other devs in the Bitcoin world, which I think he's posted about previously.

This contrasts with the TradeFortress situation. Please don't confuse the two.

He's definitely trying to resolve things, but obviously I'm not exactly happy as I'm owed one of the larger sums. Even so, I do think we should give this another week or two to get sorted.

The lack of anonymity is crucial here, ukyo is not going anywhere. The important thing is resolving the situation rather than making it worse.

I have over 75 BTC waiting, which is most of my funds, and I know others who have more at stake who've agreed to give this a bit more time, so I hope some of you can too.

I'm travelling now but I'll have another catch up early next week (Monday or Tuesday).

I forgot... ukyo being a board member of Asicminer isnt a relieve since he sold this shares practically as Passthrough Shares... he still have the shares but got the bitcoins for them from other users and is paying out the divs instead. He still has to own the shares since it would be noticed if the div-address was changed.
But this way his board seat is no indicator that he has enough money.

That's a last resort because if he doesn't have much in the way of funds, no one will be getting anything the moment his business stops. I'm certain he's not run away with everyone's money.

The loan issue is very different from the WeExchange issue. He made a critical mistake stating it could be repaid any time when this made no sense. He needs to sort that out with Loan holders.

WeExchange, however, is actually other people's money which was never loaned. In theory they are all still present and correct. It's the WeEx issues that are making everyone increasingly nervous and asking for the loan to be repaid. If WeEx was sorted out today (hah!) at least confidence would start to go up rather than down.

Interesting. I've had nothing but good dealings with Graet.

He was on IRC briefly yesterday. Helped Kleeck out with something I think. The transcript was posted up.

+1

Still don't think it is reasonable comparison.

For example, I had 200 bucks in Gox the last few weeks.  Today I bought the equivalent and transferred my 200 out in Bitcoin. Immediately.  Not a month+ please with no reply.

Really, let's not get caught up in the hypothetical details. I think anyone would see that you just can't compare WeExchange's withdrawal difficulties to Gox's.

Added to the fact the Ukyo took out a huge loan (over 500k) which there are worries about as well and anyone can see that we have a problem here.

Maybe the problem is technical and Ukyo in fact just can't work out the withdraws. But it is reasonable and legitimate to worry and or doubt that is the case, so people have the right to complain and enquire further. 

As we are unable to easily withdraw from Weexchange can the dividend be paid directly to the BTC wallet address?

Why should we friggin have to?!?

I did a withdrawal on the 7th,
Raised a ticket on the 7th as well.
Raised another ticket on the 14th.

my user email is dobzombie@yahoo.com.au

Please give us an ETA Ukyo

Ukyo, when you get a chance, please let us know what is up with Ukyo.loan, namely if there is any progress redeeming shares and if you still believe you will be able to cover the full amount.

Thanks.

My 250BTC withdraw was delayed for 10 days   

where was that info?  I've been contacting em and not getting any response. contacted them on the 7th and 14th of November about the withdrawal that hasn't come though

It's not a matter of care or not, it's legal issue. But PT is still a way to do it.

I think Ascension should give us more information about how many bitcoins was lost and the proof of that lost.

Investors should understand that we'd better not have any legal issue in the future. The business is under good operation is much more important for all investors.

My suggestion is: We can find somebody do a pass-through on Havelock(HL). This person shall be the only direct shareholder to hold all shares owned by who wanna pass-through their shares. And when btcquick setup on HL, he shall transfer shares to other investors. In this case, from btcquick's prospective, This person is the legal share holder, other pass-through investors are not. From investors perspective, they get liquidity. From this person's prospective, he can get management fees from dividends.

We can try if Ascension and other investors agree. This pass-through is nothing to do with btcquick in the future.

For all investors, I suggest we support btcquick to operate this business legally. This is most important, and I see some investors don't know that. Look at BTCT and BF, if you were the investor of BTCT, what could happen to you?

Yes, in between processing withdraws my time is mostly spent redesigning the wallet system to be able to handle large business needs.
Right now I am doing the tests using a new wallet since the old one is tied up 24/7 with withdraws.

-Ukyo

It does not matter where the shares are moved to, the same legal issues arise.