Again, more noise.


It doesn't matter what the hell is happening with the company if we don't have our shares. Without share's it's Ken's company, not ours.

Also, are these 1500 XBT counting or discounting the coin lost on Gox?

I'm sorry, but everyone pause for a second and explain to me why we are ponying up for an audit when we can't even verify the shares we hold in the company? This is really a case of misplaced priorities here. No one should even think about putting a DIME into validating this company until Ken puts in the two cents of effort required to validate US.



Edit: Also a question for Ken (or whoever is preparing question): Are said financials which are forthcoming going to be prepared to GAAP or IFRS levels? Last time financials were forthcoming they were two lines of text in a monthly update. And you wonder why people are clamoring for an audit...

Zumzero: I too could be tempted to agree that dropping the 55nm might be a good move. But, as I mentioned in my last post, it's hard to applaud it as a move when not only do we not have the details behind pricing, we don't even have any proof that it ever existed. Ken never gave us a single shred of proof when the deal was struck to move to 55nm, just his weekly update. Now, we're dropping it.... Like I said, if that's ALL the info we're going to get about it, it's our money being thrown into a literal black-hole. Ken could be fucking money laundering with our funds at this point for all the proof we have as to where our money goes.

+1 to everyone else's sentiments. I think it's time to see some hard proof of what's being done with out money. Why are we only finding out after Gox went down that we had money there? Let's see screenshots and proof-of-ownership of that loss, otherwise it's the same as magically saying the money is gone. That wouldn't fly with any sort of accounting, and it shouldn't fly with us.

Let's see proof of the orders and cancellations we've apparently had with UMC. For over a month we were apparently working with them and were gearing up for a run with dates and all. Now that's just disappeared as well. Likewise, let's see proof, otherwise it's the same as saying the money is just magically gone.

We've heard that we were supposed to get up and trading on CT. We were waiting for our shares to be validated by a program that Ken was supposedly writing for months. Maybe we're not on CT now, but let's see PROOF. Show us this site that's been programmed. Validate ownership of shares, even if they are not tradable yet.


I am likewise a mid-level shareholder, ~10,000 shares. I too am getting to the point where I am just writing this off as a full loss to what's seeming more and more like a scam. Show us some proof Ken.

Ken, how about instead of responding to inquiries about our financials with well-wishes you give us facts? As much as I want to hear we're in great shape, I want to know what that ENTAILS. We wants NUMBERS, not platitudes. More and more things look to be falling apart. Level with us - don't try bury it in vague statements.

So I can't quote from a closed thread, but @ Ken, per your January 30th post https://bitcointalk.org/index.php?topic=297503.msg4850206#msg4850206 : it's march now, how did things go getting us on said February run with UMC? Do we have anything in hand? Can you show us proof?

zumzero: This is a pm from ken the other day in response to me asking about shares. It's definitely looking like the inquiry is throwing a wrench in the way of us getting trading. With that being said, it's hard NOT to have the shade of doubt about just how convenient it is that this issue is coming up after months of broken promises and selling all of Ukyo's shares.

Here's an update on shares for everyone:


It's been: 109 days since transfers began https://bitcointalk.org/index.php?topic=297543.msg3325554#msg3325554

73 days since the final transfers to AMC-tender (based on date given at https://bitcointalk.org/index.php?topic=297543.msg3492434#msg3492434)

66 days since public listing at crypto-trade (Dec 5th)

19 since "Getting trading up and running is now my number one mission" https://bitcointalk.org/index.php?topic=297503.msg4652540#msg4652540

18 since he was planning to "start moving Investors shares to Crypto-Trade within the next 7 days." https://bitcointalk.org/index.php?topic=297503.msg4664267#msg4664267 Also at this time, Ukyo's shares were listed for sale on Cryptotrade at .01

11 days since he was starting "process of verifying the shares tomorrow." "https://bitcointalk.org/index.php?topic=297503.msg4831091#msg4831091

10 days since it would "be a few more days before, I can get the verifying program uploaded to the server." https://bitcointalk.org/index.php?topic=297503.msg4850206#msg4850206 and that the site for verification is completed and that he just needs to "set it up on the server." https://bitcointalk.org/index.php?topic=297503.msg4850215#msg4850215

9 days since he was "working on [getting the verification site up in] the next few days." and that he doesn't "see to many problems getting it running ASAP." https://bitcointalk.org/index.php?topic=297503.msg4861499#msg4861499


Yup. Working on it. It'll be right along any minute now. Just give him 7 days.

CT gives metrics on their securities portal @ https://crypto-trade.com/tradex/ipo . 30 day volume is 67 XBT. A small fraction of that is from people who made quick flips, but the bulk of it is from direct purchase of Ukyo's shares from Ken.

Re: the limited liability issue; I would have previously agreed that Ken doesn't legal grounds to stand on to seize Jon's personal shares to absolve the debt held by WeExchange, but it seemed to me that Jon blurred the lines of limited liability to begin with when he put forth using the shares to make repayments. But I also really have no idea. You're right that it's just a pretty convoluted situation - and that in part seems to be what has influenced Ken to act as he has, because it seems like it would be a giant pain for Jon to work it out legally.

How do you figure that doesn't constitute as anything BUT withholding access to our shares?

So do you admit that you are willfully withholding shareholder access to their shares while you have unimpeded access to the market?


...and you think this is ethical... how exactly?

Minerpart: Ken's main responsibility is to his shareholders. Period. The investment you speak of is an extension of this responsibility, but not all encompassing of it. I think that (*regardless of the reasoning behind why*, because I do think Ken's in the right to sell Ukyo's shares) the act of using the market to retrieve company credit while withholding trading from shareholders is just straight up unethical. As shareholders, we have shares on an open market for a reason - to express our confidence in the company. This is just a big "fuck you" to shareholders from Ken.

Basically, I think it's a moot point to argue what's in our best interest when we lack the ability to express our opinions in a meaningful way: by trading our shares on an open market.


Ken: Why. The. Fuck. Do. We. Not. Have. Our. Shares.

While we're all keen to throw about deadlines for people, maybe we should give you ten days to get shares back in shareholders hands. You don't really seem to be too concerned about us.

To which I would respond:

"You want us to have faith in you to put an ASIC to market? Taking over 100 days for what a high school kid with a "For Dummies" manual could do really isn't instilling much faith."

I for one would rather NOT need to ask about the specific details of the farm, because I'd rather be in a situation where I can trust the abilities of Ken and his team. That I'm here asking about shares is because issues with them leave me with doubt towards the more basic competencies. That, and as anyone would tell you, there's no way of realizing a return on an investment if you can't even prove you own it.

I don't quite get why people are requesting some sort of alternative listing...

We are ALREADY listed. We have been since DECEMBER 5th. That's nearly two months now.

What I would like to see happen, and don't quite understand why it's been so impossible to do, is to just verify shareholders and get shares back in their hands. This is fucking absurd at this point.


Ken, you promised you'd START verifications in 7 days with your update. You reneged on that promise. Now it's "I don't see to many problems getting it running ASAP." Guess what? No one else can see why there are any problems getting it running either.


God danm man... all it seems to be is a simple site. You want us to have faith in you to put an ASIC to market? Taking over 100 days for what a high school kid with a "For Dummies" manual could do really isn't instilling much faith.

Ken,

So, any update on getting shareholders verified and transferred?


I mean, it's only been: 95 days since transfers began https://bitcointalk.org/index.php?topic=297543.msg3325554#msg3325554

59 days since the final transfers to AMC-tender (based on date given at https://bitcointalk.org/index.php?topic=297543.msg3492434#msg3492434)

52 days since public listing at crypto-trade (Dec 5th)

And mind you, these are just the hard dates. You knew of BF issues before October 23 (https://bitcointalk.org/index.php?topic=297543.msg3325554#msg3325554, or 106 days). You would have had to been in contact with Neotrix before Dec 5th to get listed at CT in the first place, etc., etc.


I'm not going to get involved in arguing the legalese of selling Ukyo's shares: I'm more concerned with what the fuck you're doing listing them for trade before getting your shareholder's shares back in their hands - those same shareholders who are the reason you have the chance to be doing multimillion dollar business with eASIC in the first place.


Thanks.

Let alone how much your butchered CaPiTaLizAtIOn of basic English bothers me, you know how else I know you're just a jerk-off who's full of shit?

BECAUSE YOU CAN ALREADY PLACE BUY ORDERS ON CRYPTO-TRADE, AND HAVE BEEN ABLE TO FOR THE PAST TWO MONTHS.

You fucking twat.

Ken, if you're on-line now, would you care to address some more pertinent questions and concerns about what's going on with the company?