You admitted in privmsg on IRC about a week or two ago that if I didn't do exactly what you said that you'd do something, although you wouldn't say what. I thought you were just drunk or high, so I ignored it.

Now I know why you were trying to stall negotiations of you taking over asset management for DMC, you were already planning this entire thing with nefario. You claimed it was because you didn't like the fact I owned half of OBSI.ABMO (which you later said, in public*, Obsi was a scammer on #bitcoin-assets, and Obsi is a well respected member of this community).

Where does the bullshit end? Are you going to claim BTC-Mining and Yochdog are scammers too? Or friedcat? Anyone who I've ever invested in? Where does it end?

*

Shares were to be stop being sold the second it becomes October 1st. If BFL were to announce they failed before then, sales would have been halted as well.

Because of nefario, if BFL were to announce their failure, I cannot halt sales.

First we had zhou tong, then we had pirate, now we have nefario. Does this shit ever end?

Yet I personally told you months ago on IRC that the PPTs should be shut down, and you did nothing, yet DMC continues to turn a profit for shareholders and you lock my account? Thats insane.


Yet you refuse to open this fake motion of yours and are already conspiring to put usagi in as the new CEO against shareholder wishes? You have already irreparably harmed the company: the only one that needs to be investigated is you.

You have cost the Bitcoin investing community a chance to show the outside world that we're ready for major investors. This may have been our only chance to do so. You blew it because of your greed.

If anyone out there still has DMC shares, I suggest you sell them for whatever you can sell them for, you're unlikely to ever see your investment returned unless nefario, like pirate and bitcoinica, returns it.

Please note: nefario has locked my GLBSE account and most likely stolen the backing money of the insurance fund. Until this is resolved, do not buy any more shares of DI.BFLSC.

As I said in my response to nefario, I am announcing ahead of time that DMC will be dealing with the data center part of the plan top down instead of bottom up, and we will begin selling dedicated server and cloud services soon.

There is nothing to include on the report yet, and no BTC has been transfered out of GLBSE to support the dedi/cloud service sales. Everything involved with this is coming out of my own pocket.

Accusing me of theft is no different than saying "I know what you are, but what am I?" like a child in kindergarten; shilling for nefario is not going to help his case.

I swapped shares for other companies on a ~1BTC to 1BTC basis. Do not confuse this with when I sold fixed mhash bonds at a loss to prevent bond issuers from further destroying DMC's asset value by turning fixed mhash bonds into their own personal ponzi schemes.

nefario continues to refuse to investigate bond issuers.

He has not suspended trading. People are free to buy and sell DMC. What he has done is locked my GLBSE account, thus preventing me from managing DMC assets and paying dividends.

What I want to see is how nefario is going to steal other assets that belong to DMC. Is he going to call up companies we do business with and demand that they play along with this farce and hand stuff over? GLBSE is not a law enforcement agency and has no authority to do this.

I do not maintain a personal portfolio. The only shares of anything on GLBSE I own is DMC itself.

But notice it went back into the company. It did not go into my pocket.

If nefario does decide to go ahead with the asset theft, I lose my money along with everyone else.

I have made zero profit from DMC. Even the dividends from my own shares, which I purchased with my own money, have only gone back into the company to buy more shares.

DMC did not have the money to purchase them, and usagi wanted to swap them at the then current rate. If I am right about their true value, then by the time DMC could afford to buy that many they would have already gone up in value. In other words, instead of trading a few thousand shares of DMC for tens of thousands of BTCs worth of assets and dividends, we would have a tiny fraction of that and no dividends to show for it.

I swapped shares based on current or future value. 1 BTC for 1 BTC.

No such swap happened. What I did swap was a 10:1 swap for ASICMINER he held because I believe ASICMINER is worth more than 0.1 in the long run, maybe over 10 BTC including dividends. I have since traded my Obsi.1mhs for 1:1 ABMO and ASICMINER for 2:1 ABMO to become owner of half of ABMO while retaining most of the future ASICMINER profit.


As for GLBSE assets, I have already provided an up to date list. As for non-GLBSE assets, I have already announced the dedi/cloud deal.

About, oh, two months ago many of the fixed mhash bond issuers decided to issue more bonds selling into their bid walls knowing that they would make hundreds or maybe thousands of BTC.... in a pyramid schemey sort of way, they would continue paying dividends out of this new money and buy an ASIC rig to cover future dividends at a fraction of what they sold the bonds for. In the end, they still keep most of the BTC they scooped up out of the bid wall. They plunged fixed mhash bonds from the 0.30s down to the 0.10s.

Although I doubled the number of mhash that backed DMC shares during this time, I realized what they were doing and sold or traded my 1mh bonds away as fast as possible. Instead of a 3000 BTC loss (the majority of what we held was fixed mh bonds from many issuers), it was 1000 BTC loss.

The only person before this post who I have spoken with about this is usagi, and he thinks I am correct. I have not requested scammer tags for any fixed mhash bond issuer because I do not have sufficient proof of this to make it stick.

To make it clear, Obsi was not one of these crooked issuers. He purchased back Obsi.1mhs at IPO price then reissued it at a fraction of that to prevent bondholder losses.

We are not looking to sell ABMO. The current ask is 0.1.

Nefario does not represent Diablo Mining Company nor our shareholders. We are not considering the sale of BTCMC anytime soon.

No, this is misinformation being spread by nefario. I do not have other GLBSE accounts, and he has also locked my own private shares I have purchased with my own money thus I cannot vote.

Nefario has just announced that he has misappropriated almost 1600 BTC in assets from Diablo Mining Company claiming that shareholders have said I have violated my contract with all of you. The good news is, he cannot remove me as founder of Diablo Mining Company, nor misappropriate assets or sources of income not held at GLBSE.

I officially request Nefario unlock the Diablo Mining Company account and also return any misappropriated assets. Nefario does not represent Diablo Mining company nor any shareholders of Diablo Mining Company. Diablo Mining Company has hired GLBSE to act as an exchange and broker for Diablo Mining Company shareholders.

Diablo Mining Company currently holds on GLBSE:
54 BTC-MINING, currently valued 53.78 BTC
951 BTCMC, currently valued 561.08 BTC
9290 OBSI.ABMO, currently valued 929.00 BTC

From this 1543.86 BTC in assets. BTCMC pays approximately 15 BTC a month, ABMO pays a little over 10 BTC a week, BTC-MINING pays a half a BTC a week. I expect any dividends issued by assets held by Diablo Mining Company to also be returned.

Diablo Mining Company has been in negotiations with CPA to insure shareholder assets both on and off GLBSE and with Nyan for continued asset management for the assets on GLBSE. As part of these negotiations, I have agreed to reverse the motion on the cessation of dividends for three months and pay the dividends for August 2012. Nefario's actions have delayed these negotiations.

As of this time, I cannot login into Diablo Mining Company's GLBSE account. Even if I could, I cannot verify who owns shares of this company or how many they hold, Nefario refuses to release this information to me. Until Nefario releases this repeatedly requested information, I cannot pay dividends to shareholders. Dividends generated from non-GLBSE assets and sales will be held until Diablo Mining Company can reliably transfer them to shareholders.

I have worked hard to make sure this company succeeds in our mission. Diablo Mining Company, since it's inception, has had a three part plan: profit from Bitcoin mining, focus on the high density computing and data warehousing market through building our own data center, and invest heavily in renewable green energy to offset our own usage and also sell it back to the grid.

In this, I would like to make an announcement, and I wish I could make this announcement under better circumstances: Diablo Mining Company shall soon be offering dedicated server and cloud hosting, beginning our work on the second part of our plan. Although the data center part of the plan was originally written to be "bottom up" instead of "top down" to enter the market, this shall put us closer to our goal.

I promise that I will do everything possible to force Nefario to return the assets, but in the event that this does not happen, Diablo Mining Company will continue moving forwards. I know I have the support of the community and my shareholders on this, and I'd like to thank you all for that.

Edit: And yes, I am giving Nefario a chance to fix this. He made a mistake, and unlike some people, I am giving him a chance. If he does not return the assets, I will be requesting that theymos add a scammer tag to all of his forum accounts. I am not making this request for a few days as to give Nefario ample chance to apologize to DMC shareholders.

Well, since Pirate decided not to pay out his final week....

This is why no one takes you seriously. Why would I steal 50 BTC from DMC when I could legitimately make tens of thousands of BTC a year as my normal salary once DMC is generating enough to afford me as an employee? You make no sense.