Im going out on a limb here, and suggest usagi and diablo agreed to split the 20%.  I cant see why anyone sane would otherwise defend the indefensible.

Diablo spent most of his investors money  buying mining bonds. These bonds lose value faster than snow melts in the sahara, which is why they pay such high coupons. These coupon payment already dont offset the value loss (which is what makes them bad investments), and now diablo will pocket 20% on top of that. You have to be kidding. THere is no chance in hell shareholders can ever make a positive ROI, even if Diablo had any clue about what he was doing.

Usagi, please tell me you didnt think this through.

Wait.. WHAT?
So Diablo took everyones money, wasted most of it on rubbish bonds that have no resale value, and rather than working towards returning shareholder equity he will now get 20% of all dividends of the bonds he bought? Regardless of how worthless these bonds have or will soon become? And people think this is a good idea? LOL. What this basically comes down to is that you give Diablo your bitcoins and let him trade with it and you pay a 20% tax for Diablo's legendary trading skills, regardless of what ROI he achieves. Who in their right minds would think thats a good idea? Thats theft. A 20% bonus on actual  profits might be reasonable, but getting 20% of revenue is ridiculous and in this case, insulting.

Grab the appsdk here:
http://developer.amd.com/tools/hc/AMDAPPSDK/downloads/Pages/default.aspx

How do you know that? Until we get to see the full logs of what he did, you are left with the choice between unbelievably incompetent and corrupt. Possibly both. Since he has been caught lying and blatantly refuses to show the logs which should exonerate him if he didnt do anything wrong (only incredibly stupid) , Im going to have assume there is at least some corruption involved.

Since no one else seems to ask, I would like your legal opinion on the bitcoin ponzi's and pass through operations. Id like to know how legal or illegal that is, what the chances are for victims to recover their losses and to what extend pass through  operators could be held liable or be considered complicit. I imagine this is not something you will be able to answer in 5 minutes or without research, but if you quote a price, there should be enough victims willing to chip in I think.

He is a real lawyer, or at least claims to be, specialized in criminal and tort law. Since you said you couldnt afford a lawyer, and since this guy is at least familiar with bitcoins, it would make sense to get his opinion.  You can always ignore it later.

Why doesnt someone contact this guy for some legal advice?
https://bitcointalk.org/index.php?topic=109363.msg1189905#msg1189905

Right, you created an account yesterday, first thing you do is spam everyone with PMs about this bet and bet 300 BTC victor wont default. But we should believe you have nothing to do with him?



Its pretty transparent, you just want to pay your investors interest's with the winnings of this bet, since the ponzi hasnt been running for very long, that should be doable. You cant lose; either the bet winnings exceed the interest cost and you pay everyone out, or they dont, and you will default (or eat the losses to gain rep and go at it again in month or so). Since you know and you can change the outcome of the bet, whichever way the bet goes, you can ensure you win.

Hello Victor.

You mean, why cant you.
Its probably related to the fact apple has quite happy shareholders, over $100,000,000 in the bank as a result of decades of clever management, while you managed to lose 95% of shareholder value in just a few months while achieving absolutely NOTHING.
I honestly think you are about the only "CEO" who could possibly bankrupt Apple in the course of a year.

This point seems to be overlooked by some and needs to be stressed. The assets, like the company,  belong to the sharesholders and no one else. Its not your company Diablo, you sold it and then you (mis)managed it.

You can import private keys in blockchain.info wallet, but its not very easy and I wouldnt recommend it if you dont know what you are doing.
If you just want to be able to check your balance online, import the public key (bitcoin address) in to blockchain.info, so it becomes a watch-only address. That also makes it safe that no browser exploit or keylogger could be used to steal those coins, you would still need the regular desktop client to send coins. Make sure you backup your wallet.dat.

of course not. I'm only warning he will expect a thank you after he ran off with your coins

 good idea indeed. for every 100 BTC you have, you can scam your investors up to 5000 btc.
this coming from the guy who demanded we thank pirate for stealing your coins.:

giving it a greater than 50 percent.  chance to succeed wouldn't make him a liar if it defaults. and I do mean anyone investing now

obsi,  would you rate the probability of an investment in this yielding a negative roi higher or lower.than 50% ?

I think the entire forum is in need of some legal advise regarding the Pirate debacle. If you could share insights on that and post a donation address, I suspect you will make a lot more than 0.5BTC and establish your rep.

There is a difference between issuing shares and giving them (and thus early investor equity) away for free to who knows who. The latter smells like fraud to me. I have to agree that the contract and perpetual IPO plan is a giant clusterfuck and shouldnt have been allowed.

Also, I believe the zero is a result of a GLSBE bug, I remember reading that Diablo never planned on issuing extra shares.


Read the next line too.  "In the event of liquidation, 100% of the revenue from sales of the assets and 100% of the growth fund, minus any expenses incurred from the operation or liquidation of the company will be paid to shareholders."


Yeah that could become interesting and cause a mexican standoff between Nefario and Diablo. However, if nothing else, Diablo's constant misleading, flatout lies and refusal to disclose should earn him a scammer tag. Just look at the title of this thread. 140GH?

I dont care if you object to that. My postcount is completely irrelevant. What is relevant is that you accepted 1000's of other people's coins, including some of mine, you managed to make 95% of our value vanish, you breached our contract and you refuse to release the records that would show exactly what happened.