Just because you don't understand it, doesn't mean it was fucked. For example:


The ratios were published on the spreadsheets and were relatively stable after the IPO period. In addition I announced the number of shares weekly in shareholder letters. So to put it simply, you don't understand what I did, and you are assuming I did something wrong, when I didn't.

Do you get it? You are saying I didn't publish the ratios --- BUT I DID. And not only did I publish them, I went out of my way to show them to investors by presenting the share counts in weekly letters to shareholders.


You don't understand our contract, nor the shareholder motion which I had up to vote on this. You also don't seem to understand this had been discussed and was a generally approved plan of action. M. in the previous message is acting like he doesn't understand how buying back 1,000 shares of NYAN.B would help .C investors -- it was discussed to death 3 months ago.  He doesn't need to understand it now. Secondly, the only reason why SOME of the shares were bought back under 1 is because despite my pleas to IGNORE puppet, eskimobob, and YOU, people panic sold my stock.

Don't you remember? You people viciously attacked me.

Seeing as how EskimoBob among others have NON-TRIVIAL amounts of investment in my companies, it now seems obvious you were engaged in a stock price manipulation scheme. Did you know EskimoBob's NYAN.A holdings alone are worth more than $500 US? He was in deep. Why was he pushing so hard? Was he buying on the cheap? This wasn't 1 or 2 shares. Mircea was in too. All the time MPOE-PR was shitting on me, and the trouble I had with smickles, pigeons, and so on -- and what comes out in the end? Mircea has over $1,000 US in NYAN.A alone and is invested in almost every one of my companies. What the hell? $50 bucks says you and puppet were also in. Now the picture becomes clear doesn't it?

There's actually more evidence towards you scamming me and intentionally trying to destroy my business tnan there is towards me "falsifying NAVs" (proven false), manipulating share prices (proven false), and misleading investors (proven false). Stick to the topic. Am I guilty of what has been claimed against me here, or am I innocent?


No. You are ignorant. I did what I said I would do in my contracts and I went above and beyond what everyone else was doing at the time by publishing weekly letters to shareholders. Now stick to the topic. I have been cleared of the claims made against me in the OP.

Where is the statement from the moderators?

Burnside knows what e-mail address I used to lay claim to GLBSE shares because it's at the top of all the lists he owns. To date I have received zero notice at that address. Did I miss it? Where is it? Either way it will be handled. That isn't the main issue.

The main issue here for me is that Ian Bakewell has damaged my reputation and defrauded me and my investors. If you think he hasn't damaged my reputation -- look around. There's money involved here. Real damages.

I've offered an easy remedy for Ian.

quoting this because it's relevant (note: please do not reply to this on the other thread; respond to it here only)


bold emphasis mine (and FWIW I am sorry to HorseRider and BadBear for posting off-topic the other thread).

Quoted Posts:
(*):







(**):

Summary:
I made a scam accusation against EskimoBob, in which I posted IRC logs and several witnesses came forward to confirm what I said was true. Maged allowed EskimoBob to derail the thread, and said that I had made dishonest statements. Ian Bakewell read those comments and decided to back out of a contract with a no cancellation clause. In order to do this, Ian Bakewell threatened me, lied to me, defrauded CPA and attempted to defraud his own investors.

Detail:
Ian Bakewell broke a signed contract with CPA. We had a public contract which he signed in his asset thread. Ian was spotty with payments but managed to pay 4 btc. One day he sent me a letter stating quite clearly that his company had financial trouble and could no longer afford to make payments. He himself offered to make half payments or reduced payments until such time as he could afford to pay the full amount. I agreed. A few days later he sent another e-mail stating he could no longer keep his contract and would be forced to break it. I told him I understood his position but that due to the structure of the contract I could not return the bitcoins to him. He immediately blew up and threatened that if I did not return the bitcoins to him, he would "drag my name through the mud". After some back and forth I informed him I would require a shareholder motion before returning the funds as a dividend. He refused and begain issuing malicious libel against me; for example he stated I was attempting to clawback the funds. he stated I was breaking the contract (I was keeping the contract!) He stated that when I said I would return the money I meant "to him" (I did not, please see the contract). He also began attacking me in other theads. He took potshots against me in many other threads and was a contributing factor in the troll campaign against me. To this day he continues to mock me and take potshots against me. I feel the time has come this must stop, and I have a little free time tonight, so I am finally typing this up.

I request that Ian Bakewell be given the scammer tag for:
1. Defrauding CPA and CPA's investors by backing out of a contract in a hostile manner;
2. For lying about me, threatening me (in short-- for blackmailing me into acquiescing to his demands)
3. For attempting to defraud his investors, by reclaiming funds under which contract stated would be returned to his invetsors
4. For issuing libel and slander against me, which has caused the value of my companies to decline and has harmed my shareholders.

Proof:
1. https://bitcointalk.org/index.php?topic=113708.msg1235273#msg1235273 (* quoted in post #2 below)
Ian lied to me about his financial position in BAKEWELL and asked me to reduce his payment. A few days later he said he had to break the contract.
He then tried to drag my name thru the mud. Read the above link. it's quite clear I stuck to my contract and he was a total asshole to me. here are some of the other lies he told about me:

---"I would then like to restart this with a larger initial contribution and a payment plan based on dividend income once half of my ipo is cleared out."
This is clearly a lie based on his later stated reasons for breaking the contract. He was trying to trick me.

---"Wants the shareholders to be paid in an attempt to claw back, as they hold some BAKEWELL shares that would get the divvy."
The contract clearly stated the money would be returned to shareholders. Read the thread, people were agreeing with me.

2. (ibid)
"I do want the money back, my shareholders do agree, please pay:  1Q1k2uTUZ1ZSSufH2w9xnCnPPzC1QmreEa"
No shateholder motion was issued or voted on at that time. He lied.

3. https://bitcointalk.org/index.php?topic=113708.msg1343386#msg1343386
"Long live those trolls."
Announces his recognition and supports the idea that he was just trolling against me to damage my reputation and crash my business.

4. https://bitcointalk.org/index.php?topic=113708.msg1343639#msg1343639
No unresolved issues.

5. https://bitcointalk.org/index.php?topic=112443.msg1226222#msg1226222
"I make all my financials available in the third post of my thread & I try to stay as current as possible."
Ian did not disclose for several weeks that he could not get his 7970's to work, thereby defrauding investors in his company who were lied to in order that Ian could get more BTC from sale of shares.

6. https://bitcointalk.org/index.php?topic=104489.msg1231746#msg1231746 (** quoted in post #2 below)
In this post Ian presents himself as a scammer by his own words. Read the post.
A rough summary is as follows:

a. Ian says:
"In the time between founding BAKEWELL and creating the shareholder insurance fund with you, and now, the plan for BAKEWELL has dramatically changed.
BAKEWELL is a much smaller company than I initially thought I would launch with. We will continue to grow, but on a slow roll out basis.
At this time, the dividends from BAKEWELL will not cover the funds fee. As such I am not able to continue with it at this time.
I will be utilizing the small dividend I receive to aggressively grow BAKEWELL until the first half of the ipo is sold out.
I apologize for any inconvenience this causes you.

The fund currently has 4 BTC in it.
I would like to work out a refund of this from you, less a small management fee.
I would then like to restart this with a larger initial contribution and a payment plan based on dividend income once half of my ipo is cleared out."

b. I immediately respond:
"Working out a refund is not possible because this is an agreement designed to protect your shareholders in case of a default on your end."

c. Ian responds he is aware he CAN NOT cancel the contract in this way:
"I am aware of the contract clauses, particularly A4 and section D."

d. He gets caught in the lie here: https://bitcointalk.org/index.php?topic=104489.msg1232050#msg1232050

e. https://bitcointalk.org/index.php?topic=104489.msg1236180#msg1236180
In this post Ian once again states that the "single largest factor" in losing his business was the troll threads. This is in sharp contrast to his statement in a).

7. Ian bakewell tries to blackmail me by threatening to "drag my name through the mud" if I did not do what he said:
https://bitcointalk.org/index.php?topic=104489.msg1236142#msg1236142
Please note above (point 6c) that Ian was fully aware of the no cancellation clause when he lied to me and threatened me in this way.

8. Ian Bakewell voted NO on one of my securities on BTCT.CO and left nasty, damaging comments which surely affected other investors. As a result I have been forced to list with restrictions -- My companies can not trade. Therefore I am unable to establish market value and this will severely and adversely affect the value I am able to return to shareholders.

9. Ian Bakewell has not returned the 423 shares of BAKEWELL to me nor acknowledged any e-mails requesting the return of those shares.

In short, Ian has committed fraud on multiple fronts; he defrauded CPA, he lied in order to cancel his contract in full knowledge he could not do this and he attempted to slander me on the forums in order to get out of his contract. Secondly he is ripping off BMF for about 60 bitcoins (423 shares of BAKEWELL).

As is required by common law and intelligent people, I offer Ian Bakewell a remedy; if he issues a RETRACTION and an APOLOGY (these are two separate things) and returns the 423 shares of BAKEWELL, then I will consider the matter settled. If he does not then I want him to get a scammer tag until such time as he issues a retraction and an apology and returns the shares, The bitcoins (from the CPA contract) were returned to BAKEWELL shareholders so that is not an issue; this is about the likely irreparable damage he has done to my reputation and my businesses.

I only ask that this case be treated fairly. Thank you for your time.

In your situation it appears that you only had a verbal contract and that Matthew just wants a little time until the ASICs arrive. This is completely reasonable since you should know he would invest it in mining hardware, having run RSM, right? It is completely fair that you, as owner of RSM shares, now must acquire the liabiliy of waiting for the ASICs to arrive.

[NOTE: comparisons to another scam case have been apologized for and edited out by usagi.]

Additionally, many investors have requested that I personally and manually liquidate their shares on their behalf. As you can see, I've been hard at work contacting shareholders and trying to let them know what is going on. If I have to now make them register on BTCT.CO I think that would upset many people. I don't think it is an unreasonable request to let me manage the share distribution entirely manually if I give the lists to burnside anyway, as all transactions are on record and the shares are locked from trading. If I were to do anything nefarious it would be immediately apparent.

This is just what I've received in the last couple of days:

Claim #8:
Hello,
I believe you have ... shares.
... is a clearcut 0.01 BTC each, guaranteed.
... is ... 1 BTC (per share)...
Did you want to trade some of these for BMF?

Claim #13:
Hello, Thank you for your hard work, I really appreciate your doing the right thing. I would like my assets to be liquidated, and sent to: ...
Thanks, and Merry Christmas!

Claim #21:
Please liquidate my assets @ 1 BTC per share.
Thank you.

Claim #28:
Please liquidate it.
Address:...

Claim #9:
Hi, Usagi  I want to liquidate all my assets, you can send payments
to address above - ...
Merry Christmas to you and your family )

Claimant G.:
I so appreciate the efforts you are making to try to get this mess
straightened out.   I had "invested" the bulk of over a year's worth of
mining profits in GLBSE.
I actually thought I was doing rather well to only be down 8% or so at the
time. Hehe

Claim #2 (holds 22% of NYAN.A)
Thank you for processing the NYAN.A claims. For the record, from what I
remember I also had ### shares of NYAN.B and ### shares of NYAN.C at the
time that GLBSE went down. According to your message I will probably be
receiving letters confirming the other holdings as long as they made it
onto Nefario's lists.

At present I do not really have enough information to make a clear decision
on whether to accept the BMF shares or have them liquidated and accept the
bitcoin. Although I followed the threads at the Bitcoin Forums where you
were releasing news regarding the NYAN assets, I did not investigate each
entity that NYAN held. I was investing in the NYAN assets as a sort of
speculative mutual fund where I did not necessarily need to track each
individual holding. In other words, I am not familiar with BMF, what it
does, whether it is still a viable entity, or what its market value might
be in the future.

Therefore, unless I can gather more information on BMF and be convinced
that it has a reasonable chance of appreciating in value, I would probably
be better off exercising the liquidation option and simply accepting the
bitcoin. The liquidated value can be sent to the same bitcoin address that
I used to file the claim at GLBSE and is in your original message:
...

At any rate, I am grateful for your efforts to resolve this whole mess
after the unexpected closure of GLBSE. I had nearly written off my original
investment of 500 BTC as a total loss when I went back to the forum about a
week ago and discovered that Nefario was actually beginning to send out
payments again and was compiling lists of the asset holdings. On December
12 I finally received a payment of 30 BTC, presumably from Nefario because
GLBSE was the only place where I had posted my bitcoin address. This was
not a full payment; as I recall, I had about 40-45 BTC on my account at
GLBSE when the site went down, but at least I have managed to recover most
of it. If I can also manage to recover most of the approximately 500 BTC I
had tied up in the NYAN assets, this would be very good news indeed.

Claimant B.:
Hi there,
... My wallet address is:  ...
Please confirm receipt and let me know if you need anything else.  Thanks!
Regards,
B.

Claimant V.:
Greetings,
...
Thanks,
V.
Oh also, I PM'd you long ago about YARR and bumped many of your threads
with positive stuff on the forums if that lends any credibility.

Are you joking?

Are you suggesting I alter the lists nefario gave me? Do you realize the shitstorm that would cause if I did that?

YOU would probably turn around and accuse me of fraud.

You know, this is supposed to be, essentially, a fund -- i.e. a passthru business. If the stocks we invested in go down I lose the money I get from it, you know? I only held 5% of shares as management fee and the only god damn money I got from this was from the profits distributed from dividends. The point here is that I want to look after my own interests as well as those of my shareholders because our interests are aligned.

Every time you said I did something deceitful, every time eskimobob said I was misrepresenting NAV, every time anyone said I was scamming, they seem to forget the only person I could have been scamming was myself. Now you suggest I edit the lists that nef gave me before I give them to burnside. That's insane, even in a normal situation. I cannot create a fraudulent list any more than I could not create a fraudulent list of shareholders, which is why I did NOTHING to process claims until I got a full list from Nefario.

Why can't everyone see I am just trying to do what is normal and right? It's because of what you said, Deprived. You, EskimoBob, deeplink and Puppet. You have people actually believing I knew patrick harnett ripped people off in kraken before pirate crashed. You have people believing that I knew hashking lied about his guarantee and that he really had all the money in pirate. You guys claim that I misrepresented the NAVs of what we invested in despite the fact it was in the contract we would add value via analysis AND we provided two valiation columns, one with data pulled DIRECTLY from GLBSE. AND*** we ran shareholder motions authorizing us to do this. What is your god damn problem? Do you realize how badly YOU screwed this up? YOU personally, not to mention the others?

And on it goes. You know what I seriously don't care anymore. If I can't distribute assets manually, I don't care! It's your fault I cannot do that. If the value of the company goes down because patrick harnett and hashking (and others) ripped us off and we also have to give them a peice of our company on top of that well whoop de do, the power to do the right thing was removed from me. The damage you did to me is probably irreversable. And you yourself admitted you have no proof. So did puppet. And guruvan. And EskimoBob posting out of date lists. And diablo not recognizing my e-mail address in his list. And on and on.

U know, Theymos AND badbear have both told me they will never issue a statement or close the scammer threads against me, in theymos's case he said it was because he could not prove a negative (that I was not a scammer). Guilty until proven innocent. That's me, the scammer without a tag.

Burnside has been given the complete asset lists from Nefario.

I've advised him that I should handle the distributions manually as several customers have already requested liquidation, and some other customers owe us money (like patrick harnett) and still other customers are in negotiations with us for value exchanges -- such as Namworld & friends whom we are discussing right now if an asset exchange is in the best interest of our companies.

I'll post here again when burnside gets back to me on what he is going to do with those lists. If they are processed automatically there may be some issues with scammers like Patrick Harnett, etc. receiving too many shares. Dunno, we will see what happens.

A convenient excuse for what? You seem to be under the impression that a) I invested in stuff that the contract said I wouldn't invest in, or b) invetors were not fully informed of what was in the contracts.

If that isn't what you're saying then spit it out. I only did what was in the contracts and everyone knew what I was doing. It was only after the fact when GLBSE started crashing that people attacked me, saying I knew all along, and other impossible to believe garbage.

Like you for example --> I loved how you called the NYAN shutdown "scheme" bizzare. You mean like when I bought back 1100 bitcoins of NYAN.A and NYAN.B on the open market in about a week, with 400-500 bought back the following week? Oh that's so bizzare. Oh and the shareholder motions that allowed me to do it. SO, SO bizzare, huh.

I also loved how people were saying it made a lot of sense since it would help out the NYAN.C shareholders as NYAN.B would not take up the extra dividend flow from NYAN.A. And how there were no victims because NYAN.B holders could still get 1 bitcoin per share. And thousands of shares were bought back in that manner. I did good. But now, you want to be an asshole, so you call it "bizzare". Get something straight, YOU are bizzare.

I think I get it now. People like you, who don't understand anything about investing or finance are looking for a pinata to beat up. Who knows maybe some candy will fall out. It doesn't matter that i'm not responsible for your loss, I'm just a convenient scapegoat. All I did was invest in companies on behalf of investors. I invested in a WIDE RANGE of securities according to the contracts. If you can't point out where I violated my contract for NYAN in particular, or if you cannot point out that I knew mining would crash (for example) then you CANNOT logically say I am responsible for what happened.

95% of commodity futures investors lose all their money in the first 6 months (http://www.financialsense.com/financial-sense-newshour/2012/12/15/opposing-forces-monetary-vs-fiscal-policy). Did you know that? When you invest in bitcoins you acquire commodity risk due to the pricing of bitcoins in US dollars. Not to mention a secondary commodity risk in the value of the hardware. If you do not understand what you are doing when you invest in mining and you lose your money IT IS ENTIRELY **YOUR** FAULT. I very, very publicly disclosed what I was doing, what I was investing in, etc. and NO ONE was lied to as to what we held. I was VERY CLEAR on the risks as well. The contracts are VERY CLEAR and were VERY PUBLIC. There is no way you can say that I am responsible for someone losing their money in a SECTOR FUND.

There is no excuse for blaming me for what happened. I know it makes you feel good to beat someone up over your loss but it's just not my fault.

all BMF shareholders have been sent the following:

Dear BMF participant;

I have (as of December 21st) received a complete and final list from Nefario and I am now in a position to begin distributing assets, liquidating holdings, and making final payments.

BTCT.CO has graciously agreed to let us list -- temporarily and with restrictions -- so that I may shut this down in an orderly fashion. You will be able to sell your shares back to me or trade them back to me for shares in the companies we held and/or bitcoins as appropriate. Funds raised from the sale of assets will be paid out as dividend until there is nothing left in the company, at which point it will be removed by burnside and this will signal that my obligation has been completed.

The following is your CLAIM NUMBER for BMF. This number will be used in any public disclosure to identify you without revealing your personal information.

Claim No.   
Participant:   
Address:   
# of BMF   
% of BMF   

-----

My only goal here is to do the right thing by transferring assets and value to you, and then shut down the company.

You have until the end of January, 2013, to register on BTCT.CO, request liquidation. Or just wait and your shares will be liquidated and you will receive a final payout.

Happy holidays.

Thank you very much. These restrictions are fine and I'll agree to any other restrictions as needed.

The complete list of assets is:
BMF
CPA
NYAN
NYAN.A
NYAN.B
NYAN.C
YARR

Take your time, I'll send out letters to all the shareholders letting them know to sign up to BTCT or confirm an address for liquidation.

after 2 months of solid trolling I think I just wanted to delete the posts I had made because I had become sickened by it.


I did not get complete and accurate shareholder lists until december 21st. What did you expect me to do, sit on my ass and make up shareholders to pay out? Did you see the crap I had to go thru when people thought I might be paying out some shareholders before others? And now, you say I should have done that earlier? How can you say that's my fault now, and my fault then? It doesn't make sense. YOU don't make sense.


Just like every other precious metals fund? Yea. So?


Yeah, some stupid fool like you blows a lot of hot air. Thanks repentance.


No, I did not say that, I said I invested with deposit holders. All of which swore up and down my investment was guaranteed and NOT in pirate. You're lying about me again.


You don't seem to remember that I had taken the advice of my round table members and cut our pirate exposure by thousands of bitcoins. A lot of people were pissed because they had 2000+ coin contracts with us and we got out of the contracts. Legally, according to the contract. The only contract we had remaining was kakosan's and we paid out the full 1100 bitcoins on it IIRC. We made almost that much anyway. The real issue is what happened with other pepole. I did what I was supposed to do. But I got blamed for other people screwing us over.


"In spite of that knowledge". You really make me sad. You're either stupid -- really stupid, and can't read, or you really just don't have a clue. And in either case why on earth are you even posting this? Nobody knew that Imsaguy was not going to be able to pay back. Saying I knew -- wow that's really a new level.


I didn't fail. GLBSE failed. And you failed to understand simple logic like no one could have predicted PH, HK, etc. five months before it happened. And the community failed me when I tried to relist to process claims. But you are wrong, I did not fail, and I won't. Unstable, yes, that's what happens when you have to put up with months and months of lies like the crap you just posted when you said "in spite of that knowledge".

Then why did you cause it? You took potshots against me for months, despite nothing ever coming of the scam accusation threads. You sit there and tell me to stop feeding the drama but it's your drama, you made it.

The only way to prove I am not doing this is to dump the list of shareholder assets and/or CSV files.

So in other words you have created, with no evidence against me, a situation where I am either a scammer or a scammer.

There's no way out for me.  Is that what U want? For me to do something stupid like post the 100s of shareholder e-mails I was given to Nefario? It's the ONLY way to show what you just said is wrong. Even after I pay out (like I have already paid out over 2,000 bitcoins) people will say I am a scammer. The scammer without a tag.

That's what I just said. But the last thing I will ever do is give the satisfaction of just walking away. I am going to do what I always was going to do -- pay out on all the claims. No matter what. That's something that no matter how many times people say I won't do, I will do. Because in the end, I am not a scammer, and I was treated unfairly. That will come out. You will see.

I actually know investing and markets extremely well and I was planning to surprise the hell out of everyone by selling covered calls out of my own pocket & distribute the profits as dividend. I thought it would be cool to one-up the existing gold/silver funds. it's the kind of thing I would to just to be #1 and be the best. But it'll never happen now. I am just so very tired.

A victim has come forward. Which proves I am a scammer. I will do my best to fix his complaint but Imight not be able to. But this is what I say:


I am sorry. I said I was going to add value by marking to model. this is why i didn't mark down BAKEWELL for example. I belived in BAKEWELL, for example. I belived it was worth the IPO price even though bulk buyers who got 10% off sold down at 95% of IPO.

I WAS WRONG. I am very sorry and I will process your claim and make sure you get a little extra for your shares, I have a complete list of holders and I have bought about 50 or 100 btc extra to distribute. I just want shateholders to be happy.


Thank you. Although I am sorry I do not know what you mean. CPA invested 500 bitcoins with Patrick Harnett, 500 with Hashking, and 500 with Imsaguy. No one trusted us so I turned to the community and invested with the biggest deposit takers t the time. I fucked up. It was my fault. I just wasn't good enough to do what was supposed to be done. So I can't tell you what I should have done. I just sholdn't have done it. And as soon as I make reparations to you, and ALL shareholders equally, I will go away. Forever. I am sorry. Please believe me Even if I can't list on BTCT.CO anyways.

I can't list on Bitfunder or BTCT.CO because everyone thinks I am a a scammer. I don't get it. Ian bankwell rips me off for 4 btc and he gets to list on BTC.TO. I post a contract similar in every respect to BTC-GOLD and instead of 8-0 it gets 0-8. Yeah guys I get it.

Well I can't deal. The community has voted. I'm a fucking scammer. I have absolutely no idea what I am going to do. Please. Help me. I am begging.

Ya. I'm a fucking loser. And I deserve it. all of it.

I am sorry.