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221  Economy / Securities / Re: [Cryptostocks] WPOOL - Investing in mining pool better than mining on: April 01, 2014, 11:05:34 AM
On paper the number you present look impressive but there is some ? like previous poster mentioned that you need to straighten out, i don't read chenese but what does the number on your site stand for
"注册会员
4344
        
在挖人机数
1573
        
当前矿池速度
3735MH/s"

Is the first the number of people currently registered,
and second currently mining at your pool or is that some sort of avg value, what period in that case ?
and third the pools total hashrate in MH/s, is that the current rate or some sort of avg for what period then ?

You also reported:
As of March 30, 2014, the number of registered member has attained 4298, and average total hashrate is 3554 M/s; during the last week, operating income is 103.22 BTC, operating expenditure is 93.14 BTC, thus gross profit is 10.08 BTC, and gross profit margin is 10.8%.
During the last week,the revenue of hedging trader department is  1.24 BTC,so the total gross profit (TGP) is 11.32 BTC
Each share represents 0.001% of the TGP,the dividend of each share is 0.0001132 BTC this time.
Dividends Paid on 15:00 (GMT+8:00),3/31/2014
Just a couple of hours before you published the weekly report and dividend were payed out you were at 3959 registered accourding to your pools page and the higest reported hashrate i saw that you had that week was 3411 MH/s so how can the avg hashrate be 3554 MH/s when the week started out at 3269 MH/s and finished at 3376 MH/s, did you have extremely high hashrate during some shorter period of time ?

On the cryptostocks plattform you only had 203 shares out on the market a few days before people were given extra shares then the amount jumped up to 284 shares before people had got there extra shares, how do you explain that if minimum shares bought offline was 100 and only in full batches of 100, then there was another bump up to 771 shares or so, that was also before people had got there shares not and another jump that was not even increments of 100 shares.
Then after people got there bonus shares the only 203 shares sold on the marked at cryptostocks grew to a massive 7421 shares, out of witch many were dumped directly on the market, a lot indicates that it's you yourself that dump shares and that they has never actually been sold to people and that you also collects dividend on those shares on one or several extra accounts that you control to make it look like the project has payed out more btc in dividend than it really has witch is agains cryptostocks rules.

It seems unresonable that the share would attract that many buyers of offline shares when you never managed to sell more than 243 shares at max on cryptostocks itself, those people that would not be able to get to cryptostocks site and and therefor bought shares directly from you you say, were willing to buy shares in 100 amount batches directly from you instead and that theese people who invested in those offline shares because they couldent use cryptostocks just suddenly had no problem reaching cryptostocks just a few days later only to in directly in large number sell off a large portion of there share in a company that on paper was working good.

I would appriciate if you could explained how all these things could make any sence ?
222  Economy / Securities / Re: [CRYPTOSTOCKS] (GMP) crowdmining on: April 01, 2014, 09:06:55 AM
with 3,621 GMP oustanding and another 70 worth of (MGMP)

total oustanding: 3,691 GMP

current hash rate: 2.46 th/s

gh/s share = 0.66

Does that sound right? Are 100% of mined coins paid as dividends or are some retained to reinvest?

Is there a more complete contract? What else is done beside BTC mining?
I think it's 65% ("..65% of all BTC mining revenue are distributed among GMP shareholders in form of dividends..") of mining incomes now thats payed out and the rest goes to reinvestment in new hardware on the GMP stock, it has changed a bit over time but they had a high reinvestment % before to, there may be more info in some of there announcements or on there site http://glari.ch about it.

They have 5 KnC Jupiter machines so at least 2 TH there, then 4 TH from BTCMINE.CH and anouther 4TH from 2 CoinCraft Rig's so it should be 10+ TH at least, how much BTC they at the moment have accumulated for hardware reinvestment i don't know but maby you can estimate that by checking how much they generated after there last miner orders.
223  Bitcoin / Hardware / Re: PhotonicMining having pretty big claims, 125 TH/s for 10,000 USD on: March 31, 2014, 03:12:54 PM
Announcement on Cryptostocks was made today 31 Mar 15:51
Tradestop put on PHOTONIC. We are requesting the project owner to clarify the allegations as well as provide personal identifying document by 14th April.

Only took Cryptostocks 20 days to see the obvious...
224  Bitcoin / Hardware / Re: PhotonicMining – Official Thread on: March 31, 2014, 03:12:10 PM
Announcement on Cryptostocks was made today 31 Mar 15:51
Tradestop put on PHOTONIC. We are requesting the project owner to clarify the allegations as well as provide personal identifying document by 14th April.

Only took Cryptostocks 20 days to see the obvious...
225  Economy / Securities / Re: [CRYPTOSTOCKS] Vircurex [VCX] - Going public on: March 31, 2014, 02:28:16 PM
What is the image from and what does the 21.02 btc's for Vircurex in the list stand for ? Could it be monthly incomes, fees from trades and withdraws or maby daily trade volumes ?

sry bro,

daily trade volume Sad

http://www.cryptocoincharts.info/v2/markets/info
Oh cool thanks. well yea at those trade volumes on Vircurex it will take them way more then those around 2 decades that i guessed it would take based on there last published quarterly report to genertate enouth to pay back all traders there money.
They need to get there volumes back up to over 1000 btc a day and raise there trading fees to 0.25-0.5% to get people there money back in resonable time.

I see that OKCoin is at 268,719.37 BTC volume, thats some massive volume they have over there.
226  Economy / Securities / Re: [Cryptostocks]GET365 - Getcoin365 Clarification please on: March 31, 2014, 11:56:28 AM
Getcoin365.com :
-45 days•14 hours

How are things going?
Thats a good question, they haven't made any announcements the last months on CS and today is the last day for them to pay there monthly dividend as it's the last of the month or they will be in violation of there contract with the shareholders.
227  Economy / Securities / Re: [CRYPTOSTOCKS] Vircurex [VCX] - Going public on: March 31, 2014, 11:45:45 AM

Technically the shareholders still have right to dividend each month the site makes any profit("all revenues will be net profit and paid out as dividends during that period")

i lost about 165 with this fucking scammer

dividends?

vircurex without refund to the depositors is dead


What is the image from and what does the 21.02 btc's for Vircurex in the list stand for ? Could it be monthly incomes, fees from trades and withdraws or maby daily trade volumes ?
228  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: DigitalCoinFarm - Get shares to build your own cloud scrypt asic miner today on: March 31, 2014, 08:58:16 AM
I talked with him few times. He reply when he's got the time.
Last time he was very busy with day-job and setting up the new hardware.

But maybe you know it and try to get cheap shares.

Please let's keep this thread informative and not speculative.
Hmm, funny how I thought this was a 2 man operation. In any case, crypto is a 24/7 business and I strongly suggest to appoint a PR rep.


Hello all,


For this problem he didnt answer your email is he is very busy with his company.

But i mailed him on 24th march about if cryptostocks ever collaps what is the plan?

This is his reply and hope it will make u all understand he has a backup plan!



Thanks for notice about "collaps" problem.  I should keep shareholds's email for safe. It's important to protect shareholder's investment.  I will do that.

If that happen,  I will mail to everyone to get a best soultion for us.   I'm a programmer,  I might build a php website,
and create account for everyone,  and ask to enter btc address,  then i can pay dividends if cryptostock collaps.

another stock website is good idea too.

Anyway, i will keep mail list.

Thanks for notice.

Gray

I recommend him to associate the amounts of shares with BTC addresses, as they can be controlled in a much safer way than e-mail addresses. If that's not possible, then e-mail addresses are way to go. Although, I'm unsure what that requires from the shareholders, should we "Disclose email" in CryptoStocks general settings?

Of course, all that should pale in comparison when Colored Coins comes out of beta.
That is really what Kumala and cryptostocks should have done a long time ago let people enter a bitcoinadress(+litecoin & devcoin for those with investments in that to) and use that as identifying towards shareissuers instead of an emailadress. But it's Kumala that have to change that feature, the individual asset issuer can't do much about it more than mailing kumala and reccomend that instead for better security.
229  Economy / Securities / Re: [CRYPTOSTOCKS] Vircurex [VCX] - Going public on: March 31, 2014, 06:13:25 AM
I believe Kumala has all the coins to refund the depositors if he just wanted too. and I also believe he has no much choice if he wants to keep vircurex as a viable business. The btc bull market is still in its infancy and there's still a lot of money to be made here. He'd be just silly to let this go down. He should proceed in refunding the depositors with a fresh injection of coins (I'm afraid there's no much to do for the current shareholders, they have been almost totally wiped out), disclose his identity, build up a new team of management/shareholders and regain the confidence that is the base upon which any successful exchange is developed. Look at cryptsy, that website has over 500 btc a day of volume. but big vern is well known, doesn't hide, today added trading vs USD, and his shares are going up. Vircurex could have been much ahead if it was well managed from the beginning.
Technically the shareholders still have right to dividend each month the site makes any profit("all revenues will be net profit and paid out as dividends during that period") so kumala probably owes the shareholders around 1500 btc or something like that by now, so in case any shareholder with a significant amount of shares would bring him to court, he would have to pay out the dividend all shareholders is entitled to.
230  Economy / Securities / Re: [CRYPTOSTOCKS] Vircurex [VCX] - Going public on: March 31, 2014, 06:04:49 AM
I believe Kumala has all the coins to refund the depositors if he just wanted too. and I also believe he has no much choice if he wants to keep vircurex as a viable business. The btc bull market is still in its infancy and there's still a lot of money to be made here. He'd be just silly to let this go down. He should proceed in refunding the depositors with a fresh injection of coins (I'm afraid there's no much to do for the current shareholders, they have been almost totally wiped out), disclose his identity, build up a new team of management/shareholders and regain the confidence that is the base upon which any successful exchange is developed. Look at cryptsy, that website has over 500 btc a day of volume. but big vern is well known, doesn't hide, today added trading vs USD, and his shares are going up. Vircurex could have been much ahead if it was well managed from the beginning.

He can't possibly have all the coins. Huge amounts were stolen and he hasn't come close to making up that amount in fees. The only question know is who gets fucked.
Your forgetting the fact that kumala have ~1000 btc from the IPO and that Vircurex made hundreds of BTC in profit each month a year ago, 125 BTC in mars 360 btc in april and most likely continued to make huge profits for months to come before there were a lot of other competitors coming, witch later on made Vircurex marketshare and monthly profit smaller.
231  Economy / Securities / Re: [CRYPTOSTOCKS] Vircurex [VCX] - Going public on: March 30, 2014, 06:12:17 PM

Kumala himself on the other hand should still have his 1 500(?) BTC that he got payed for Vircurex from the IPO a year ago.

I don't know, for sure he sold 8612 shares at 0.25 each (check the quarter report). makes 2153 bitcoin. if he sold at market at 50$ average, he had 100k usd. not much to keep on running the exchange for more that a year. if he didn't sell, well he should have had all the necessary coins to cover the deficit due to the hack.
From the OP of this thread

The Listing
A total of 45,000 shares at a face value of 0.25BTC each will be issued. 30% of these will be made publicly available.
If all shares are sold, 3,375 BTC will be divided into
   1,500 BTC onetime payment to license the platform and transfer the ownership of the complete infrastructure from its current owner
        300 BTC for advertisement costs over the next 3 years
   1,575 BTC to cover all operational costs over the next 3 years
So your right, the price per BTC increased during the IPO and therefor less shares had to bee sold and less BTC needed to be raised, 8612 shares was sold and 2153 btc that was raised, of that it should have been 1004.73 btc that was for covering operational costs then instead of the original planned 1575 btc and the part kumalas got as payment should have been 956.89 btc.
232  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: March 30, 2014, 12:58:12 PM

btw BtcQuick has been dissolved and ascension, the former "CEO" of Btcquick has neither delivered any information about the remaining assets as he promised nor he was active in the last 3 weeks; so i guess żou can cross that of the list
There has been long time between Ascentions updates before and yes because of the dissolvements and because of the times they have to wait for CC card companys claim windows and such it's expected to take 6-12 months before the remaining BTC gets paid out to the  shareholders in btcQuick.
233  Economy / Securities / Re: [WOLFTECH] @ Cryptostocks on: March 30, 2014, 12:37:04 PM
Wolftech made another announcement https://cryptostocks.com/announcements/1495 where they explain what happened a bit better, seems like his whole computer got compromised, cryptsy account and two cryptostocks accounts.
Maby Cryptotocks can help them sort part of it out at least.
234  Economy / Securities / Re: [CRYPTOSTOCKS] Vircurex [VCX] - Going public on: March 30, 2014, 11:41:37 AM


Also I understand USD/BTC rate plays a big role in this since operating costs would be in USD
Yes, and thats why we intent to convert all BTC right away after the listing into USD to eliminate any future currency fluctuations.


that was the biggest mistake that basically bankrupt the company: converting all BTC right away into USD!! what an idiotic thing to do.
Is there any evidence that kumala converted all(or even any) BTC to fiat(usd?) directly after the IPO, most things points to the opposite i would say and Kumala refused to ansver questions on that matter. BTC was probably not converted to fiat as it was pretty obvious that BTC would rise in value over time. Even if they did convert it, the BTC's USD value was enouth to cover operational cost for 3 years so that itself shouldent have meant any problem for Vircurex future operations.

The problems for Vircurex was the hack they claimed happened where they lost around the equivalent of 2 500 btc and then later they claimed to have lost around 20 000 usd when a payment operator (Arumexchage?) dissapeared. They haven't really preseneted any substancial evidence for any of those losses really happened just some transactions of BTC, LTC and TRC?, that they claimed was made by the hacker.

Then Kumala had the "great" ide to push all the costs for that over to the minority(30%) shareholders and break the contract he had with them(have not payed any dividend accourding to contract for almost a year now) and more recently he got the next "great" ide and decided to screw those that had funds on Vircurex a year after the incidents that caused the problems.

Kumala himself on the other hand should still have his 1 500(?) BTC that he got payed for Vircurex from the IPO a year ago.
235  Economy / Securities / Re: [WOLFTECH] @ Cryptostocks on: March 30, 2014, 09:16:44 AM
Another project been hacked?


Ticker    WOLFTECH - Wolftech Investments
Date   30 Mar 08:42 WOLFTECH has been hacked on Cryptostocks!?!?!??!?!?!
What the hell just happened?
I hope whoever has the remaining 3,500+ shares enjoys them, they're worth nothing now.
The person who set shares cheap and purchased then even withdrew the bitcoins back out
2014-03-30 14:12:38 +0800 0.13702600 1ECSA7FyzqcZaDYiEr3V2skSLX6vL1VcTK completed

Enjoy
One strange thing about that announcement that wolftech did, the trades don't match any 3 500 shares sold.
There has only been 329 shares sold between there announcement the 29 mars and there first announcement today and the possible dumped shares of that accourding to the trade history in wolftech must have been the trade that was done only 14 min before they posted there first message today and it was only 270 shares !
Wolftech what happened to the other 3230 shares you claim had been sold cheep ?

How did you johankahn come to the conclusion that Wolftechs shares now has become worthless because someone withdraw 0,1 btc from you, you have sold shares for around 62.5 btc before, a loss of 0.1 btc would hardly make all the value in the company dissapear.
236  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: March 29, 2014, 01:16:26 PM

Thanks but i dont find his name in any of these documents. Is he really an official CEO/Employee or only some unofficial that isnt mentioned in the papers?

It does make sense that ukyo own shares in his own loan, he did do regular redeems of shares when people asked for it before the problems started on bitfunder and he probably bought back shares at under face value on the market when people dumped shares before the problems to and resold them at face value or higher price. Ukyo has also bought back some shares after the problems started.
If my memory serves me right there was also a gigantic buywall at low prices(think it was 150 000 or 200 000 shares at 0.005) when bitfunder started it's restriction and whind the site down, i can only imagine it was one of two people that was behind that buywall of 750-1000 btc value, either Ukyo or Cryptocyprus and there was at least on one occasions shares sold into that wall.  
So the share Ukyo has in his own loan in burnsides list is simply shares Ukyo has bought back, either as redeemed shares or on the market at low price, the shares didn't magically dissapear when he bought them back, there was always 200 000 shares out on the market after the full 200 000 shares had been issued and put on the market the first time, the share in Ukyo-loan in burnsides list do add up to the total of 200 000 witch is the correct amount that was out on the market, the list of Ukyo's holdings is from the list Burnside published on btct-tc over all asset-holders at bitfunder.

Ken slaughter claims to have sold Ukyo's ~232 000 shares in Activemining on Crypto-Trade when he dumped shares there, but that move was hardly legal, so technically Ken will probably have to tie those shares to ones he owned himself instead and Ukyo would still technically have his shares in Activemining left, but in any case i think the total amount they sold for when ken dumped them was at least over 116 btc and ken slaghter don't have bigger rights to those 116 btc's than any other people Ukyo owes money whether there's in the form of Ukyo loan or Weexchange asset-holder.

There could of course be other changes now to what Ukyo holds compared to when Burnsides list was made, but if Ukyo sold some of the assets on the list he should have around the equivalent amount of BTC instead so in that purpose it shouldent matter much whether he still holds the stock-assets in question or if it's in the form of BTC now, it's still an asset Ukyo has that is of a certain amount of BTC value that is greater than 0 however you count on it.

Except ukyo sold the shares and but the btc in his personal wallet which he claims was in the weexchange wallet too.
Why do you know that this bitcoin address, and so the shares, were bound to ukyo? And did all the shares survive? I mean many IPO's simply vanished after exchanges go down, others cant be traded like ActM and so on.
The list Burnside published is of pretty late date i think it should be from after bitfunder closed for open trades, so if Ukyo sold any of the shares he should have the btc fund from it in a normal working wallet.

The address 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq is the address that matches the amount of Activemining shares that both Ukyo and Ken slaughter mentioned. The closest adreses above and below that one in numbers of activemining shares is:
ActiveMining    565,269    16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP
ActiveMining    75,000    1G9CD1bVJ1E1MrUhC87sxZJ2QZ17uJqzVD
So there's really not much room for doubts there, unless Ukto would have made some deal with ken slaughter to put up some smokescreens and the real owner to 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq hasn't come forward, but that seems very unlikely.

The shares/companys(BitPride, LabRatMining ...) that looks like they diden't survive after bitfunders closure that ukyo's mentioned address had shares in was all very small holdings 0-2 btc so those don't matter much for the total.
Nee & Bee, Rentalstarter, Addiction and to some extent Activeminer have been traded after the closure of bitfunder, it could also have been trades in satushipoker. In Btcquick it will probably take 6-12 months before ukyo gets his money out from that and the investment Ukyo have in Graets loan, there how long it will take will probably depends on how many TH people mines with on Graets pool when Ukyo gets that one payed back. Btcinvest that one kate from ciphermine can probably pay out part of the holdings directly to people that has invested in BTCINVEST but when that can be done only she can tell you. If tradefortress will ever be found and the rest of the funds btc will be payed out is harder to say.
237  Economy / Securities / Re: [BitFunder] Ukyo.Loan - Paying 0.05% daily. on: March 29, 2014, 09:10:31 AM
Quote
He can still post announcements and ignore the trolls.
He could, but at least what I got from the conversion the trolls are affecting him. I mean it's hard to ignore some people throwing out personal data and threatening his family (IIRC that happened in some of those threads) on every post he writes. So his strategy became only to come out with substantial information. The first information should be soon enough to sit around a bit more.

Quote
I have no idea what you are talking about here. What is the "closed discussion platform of the claim portal".
Sorry that I wasn't clear enough about that. Ukyo told me in IRC that he will launch the claim portal which will include a discussion platform. This sounds to me a better communication platform than here.

Quote
But he stopped paying dividends, too, which is already in violation of the agreement.
I agree on that and I'm also not happy with this. But I believe that Ukyo came unwillingly into a situation where it's simply impossible to generate dividends. But Ukyo told me an approximate time frame when he's expecting to pay back the interests and continue to pay back daily. He even gave an estimation when the loan should be payed back completely. I won't post that here, but would in the claim discussion platform or better let Ukyo himself give a statement. If you want I can PM you those frame. Given the huge amount of BTC and the WeEx issue it sounds reasonable for me to sit around for that given time.
Thats very positive news then. I would also be interested to get that information on the timeframes Ukyo mentioned to you if it's possible, i do have a substancial position in the Ukyo-loan/Graet-loan/Weexchange-balance myself even if it's not quite as big as mgio's.
238  Economy / Securities / Re: [BitFunder] Ukyo.Loan - Paying 0.05% daily. on: March 29, 2014, 08:55:34 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.

Ukyo doesn't need to explain what he does with the loan.
Without the whole Weex/Bitfunder story I would agree on that.

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.
239  Economy / Securities / Re: [BitFunder] Ukyo.Loan - Paying 0.05% daily. on: March 29, 2014, 07:16:42 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.

Ukyo doesn't need to explain what he does with the loan.
Without the whole Weex/Bitfunder story I would agree on that.

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.
240  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: March 29, 2014, 06:59:18 AM
Ukyo is just begging himself to be sued now.

I don't understand why he has said NOTHING in over 2 months now.

I've e-mailed him several times and he just stopped responding.

I'm willing to sign an NDA if it means he can share at least some of what is going on. Really, *anything* when it comes to the ukyo.loan funds.

Given that Ukyo still owes me about $150,000, it would definitely make sense for me to start talking to my lawyer.

Ukyo would have no option in that situation but to declare bankruptcy.
He should at least be attempting to work with his creditors and coming up with some kind of plan to get at least some of his money back. He must realize we will not wait forever. I'm getting pretty pissed off.

He clearly wouldn't have to declare bankruptcy for that small sum $150 000/250 btc, but i guess the legal system would then have to look at all the money he owes to people and if he's possible investments he claims to have done haven't started to produce enough bitcoins yet it may be problematic for him if they can't handle his assets wisely until they do bare fruit, then all people he owes bitcoins may end up getting back less than 100% back.

@Seb: why send a letter to Oz and not the States?

Weexchange is registered in australia primarely, as far as i know. And i guess using an american lawyer will be costlier than an australian one when he gets what amount it is about. At the end i only want information first since i dont believe sueing simply will yield any good result. weexchange and ukyo dont have money to be sued out of them.
He does clearly have some holdings worth some amount of bitcoins, the easiest ones is whats tied to a public bitcoinadress known to had the 232 000 activeminer shares at bitfunders closure that belonged to ukyo, that adress, 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq also had other holdings:

ActiveMining    232,175    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
ADDICTION         3,927    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
BitPride            85,476    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
BTCINVEST            96    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
btcQuick      2,915,576    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
CRYPTO.LTC            2    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
DISCOVERY            10    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
FIAT.AUD                1    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
FIAT.USD               27    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
Graet.Loan           979    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
Kenilworth              25    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
LabRatMining          15    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
NEOBEE          116,667    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
RentalStarter      9,505    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
SatoshiPoker 4,000,000    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
TU.SILVER              11    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
Ukyo.Loan          7,695    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq


So if we take the last known price when Bitfunder closed or a later price if they have traded later on other exchanges or for those that haven't traded open just the buyprice we would get the following(i did count on it a few weeks ago so there may be slightly different prices on the stocks actively traded on exchanges now)

                          per share    Btc total          stock current status
satouchipoker       0,00008000   320                private
NEOBEE               0.00400000   466,668           Havelock
RENTAL STARTER  0.00579000     55,03395       Havelock
Graet.Loan          0,01                9,79             when graet gets back on track
ActiveMining        0,0006-0,005 139,305-1106,0875 BF 0,0009 Last price  (Cryptotrade 0,005-0,0005/CS)
BTCQuick            0,00013?       379,02488        values will be payed back to shareholders in 6-12 months time
ADDICTION         0,007              27,489           private
BitPride              0,00000400       0,3419
PAYED OFF ukyo shares             76,95
tu.silver             0,0111              0,1221         Private usagi
LabRatMining      0,119                1,785
Kenilworth         0,00062-0,0018   0,0155         ?? maby havelock in the future
FIAT.USD          0,0012               0,0324
FIAT.AUD             ?                       ?
DISCOVERY       0,0074                0,074
CRYPTO.LTC      0,019                 0,038
BTCINVEST       0,1922              18,4512         Trade Fortress missing, some BTC from Kate/ciphermine holdings
====================================
Total around                           1495,1107 btc

and there have been some dividends after bitfunders closure.

                                 per share    btc total
dividend rentalstarter   0,00001310   0,1245155
dividend btcquick         0,00000008   0,23324608
dividend Addiction          ?           ?

Thats around 1500 btc for those holdings alone.
If Ukyo also had other accounts/public adresses with bitcoinstocks in them on Bitfunfer or stock holdings on other platforms like BTCT-CO i don't know but it seems very likely.
There has also been several threads on bitcointalk where people seems to connect A couple of transfers of ~5000-7000 btc on 2 occations to a mining company and a bitcoin mining hardware producer, whether they got things right when they traced the flow of bitcoins and it was in fact Ukyo buying shares off the open market in the mining company and/or buying mining hardware from the hardware producer i don't know, i guess only ukyo and the 2 company's can tell.

Clearly some positions would have to be sold off carefully, dumping shares on the market wouldn't do any good for the price Ukyo get's for the shares and other things thats not listed may take time to find a buyer at resonable prices and if he in fact has holdings in the mining company that has had some problems sofar those will at least start to generate some btc back now and if ukyo possibly have started to get miners in the 100's of TH they would resonable be producing a fair amount of BTC each day for him now then.

In Ukyo loan it's pretty simple math Ukyo owes people around (2000-76,95)*(1+(0,015*3,5))~2024 BTC
In the weexchange balance matter it's a bit harder to know as we don't know how much of it that belonged to ukyo and whether his and/or cryptosyprus balances was included in the 6.175%, but around (386/0,06175)-386 = 6251-386 = 5865 BTC

I really don't think it will be good for anyone if people started 20 different leagal processes agains Ukyo that would just mean more costs for all parts and less money left to those ukyo own money, ideally Ukyo, Graet and cryptocyprus would talk more openly about what is beeing done and if/what people can do to help Ukyo/Graet to get back on there feets and sort this out as fast as possible.

Well i guess the obvious would be if everyone in the bitcoin community would point one or more of there Bitcoin miners & Litecoin/scrypt miners to Graets Ozcoin pools https://ozcoin.net/ and https://lc.ozcoin.net/ ,there hashrate is a bit weak at the moment and i think Graet would need and appreciate all the help he could get and by helping Graet you would not only be helping Graet and Ukyo but also indirectly be helping the something like 200 people that loaned Graet and ukyo money in there loans and also be helping the unknown amount of people that have funds stuck in weexchange get there bitcoins back, witch in many cases would mean yourself to.

Maby someone that actually have got any information whatsoever outside of whats been said in the open on bitcointalk from Ukyo/Graet/cryptocyprus in this whole Ukyo loan/Graet Loan/Weexchange mess would care to share some light on what really is going on and not just claim they can't say anything either.

Why should ukyo own shares of its own loan? That doesnt make sense. Where do you get that this address and the attached shares is ukyo's?
Ukyo wanted to sell his ActM Shares. So i dont see that he would own shares, that could be seen by anyone, and wouldnt try to sell them to pay back some of the debts.
It does make sense that ukyo own shares in his own loan, he did do regular redeems of shares when people asked for it before the problems started on bitfunder and he probably bought back shares at under face value on the market when people dumped shares before the problems to and resold them at face value or higher price. Ukyo has also bought back some shares after the problems started.
If my memory serves me right there was also a gigantic buywall at low prices(think it was 150 000 or 200 000 shares at 0.005) when bitfunder started it's restriction and whind the site down, i can only imagine it was one of two people that was behind that buywall of 750-1000 btc value, either Ukyo or Cryptocyprus and there was at least on one occasions shares sold into that wall.  
So the share Ukyo has in his own loan in burnsides list is simply shares Ukyo has bought back, either as redeemed shares or on the market at low price, the shares didn't magically dissapear when he bought them back, there was always 200 000 shares out on the market after the full 200 000 shares had been issued and put on the market the first time, the share in Ukyo-loan in burnsides list do add up to the total of 200 000 witch is the correct amount that was out on the market, the list of Ukyo's holdings is from the list Burnside published on btct-tc over all asset-holders at bitfunder.

Ken slaughter claims to have sold Ukyo's ~232 000 shares in Activemining on Crypto-Trade when he dumped shares there, but that move was hardly legal, so technically Ken will probably have to tie those shares to ones he owned himself instead and Ukyo would still technically have his shares in Activemining left, but in any case i think the total amount they sold for when ken dumped them was at least over 116 btc and ken slaghter don't have bigger rights to those 116 btc's than any other people Ukyo owes money whether there's in the form of Ukyo loan or Weexchange asset-holder.

There could of course be other changes now to what Ukyo holds compared to when Burnsides list was made, but if Ukyo sold some of the assets on the list he should have around the equivalent amount of BTC instead so in that purpose it shouldent matter much whether he still holds the stock-assets in question or if it's in the form of BTC now, it's still an asset Ukyo has that is of a certain amount of BTC value that is greater than 0 however you count on it.
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