@Bitcoin Swami

Are you still buying back shares from shareholders to repay them ?

What do you consider a fair price ? I'm unsure what would be fair given the BTCUSD change, the dividends paid to date and not knowing what return on purchase price you achieved for the company assets.

I'm assuming the share price in BTC should have increased proportionally to the drop in USD value of BTC - but this depends on the BTCUSD exchange rate you achieved when you purchased hardware.

Although my personal loss, assuming I get nothing more than the dividends to date is manageable, I'm mindful of your understandable desire to preserve your reputation following this.

PBJ - what's the latest status ? Have you recovered from the unfortunate problems yet ? What's the total cost and what can your investors hope to recover ?

With the information that Peter has come forward with thus far and his behaviours to date, I am not accepting anything less than 0.25 BTC / share.

My ask offer is up as 20 at 0.25 BTC - I expect Peter to honour it.

There is definitely a place for a stock exchange which ensures quality in the assets it lists through far greater verification/validation of asset issuers.
Unless GLBSE makes significant improvements in this area, it won't be them taking that place.

I have 12 Issues of LIF.CX. Bought them at about 0.496 BTC. Does that mean i have to sell them for 0.075 now and accept 5 BTC loss?

At first i thought the whole Bitcoin Issue was a great idea and a revolutionary concept. Now that i'm trying some things out i realized that there are more people trying to steal peoples money than to actually provide some serious and useful services. 

Not actually, no you didn't just announce it as a scam. You announced that you were getting out of the "biz" and that most of the investments you made were scams because you were not able to liquidate the way you wanted.

Offering now to perhaps, maybe buy some of these now worthless assets back, if you maybe somehow manage to gin together a couple of bitcoins is tantamount to admitting you are a scammer.

Your balance sheets indicated as late as yesterday that the funds controlled thousands of bitcoins when last reported. This was after your claimed sell-off. You have indicated that you were intimately involved in researching every asset, and went so far as publishing a blog detailing your studies (which has since been taken down, interestingly!) Yet you expect us to believe that you just tired of the business and somehow got hoodwinked on 97% of the value of what you claimed?

Lies.

I wonder if you ever even invested in a single share of anything, because the activity histories of the assets on the GLBSE do not match up with your claim of a massive sell off at a loss. I suspect you took a lot of investment in, sat on it and have cashed it out, while trying to cover your theft with this lame nonsense about scammers and ghost bids. I suspect you are behind the USGOLD fraud and the GLBSE fraud shares, and became the mouthpiece of outrage and shock when they had grabbed all you thought you could get.

I call for you to carry a scammer tag until you make good on the losses your dismal management of the LIF Funds generated. What you have stolen from me personally amounts to 45.5 btc when I subtract the liquidation value from the price you were pumping up until minutes before your FUD tease and announcement.

Until 45.5 btc is received at 1yh7GAp2bmGPLbjtkuZR26NCgn5QsnwcN I will continue to call out your theft and criminal activities and demand that you carry a scammer tag. I encourage all other victims of your fraud to keep you in the public's eye.

I trust that the physical address you listed in your investment offering materials will also serve for service of legal documents.

Peter, if you don't give us more explanation than this, isn't it you who turned out to be the scam?

I 100% understand you now. This is all new to me but I will improve. Thank you and Merry Christmas!

Okay, the funding problem has been fixed.  

So far 105 bonds were repurchased at 0.69117647 BTC and there is still a buy order outstanding for 36 bonds at this price.  Hopefully this will take care of the repurchase of all bonds outstanding.

Completely speculative post here, but just trying to get the ball rolling. If SIN were to be liquidated, I believe there are 13 rigs to be sold? As I understood it, these cost around $900 at the time of purchase. Accepting devaluation due to the riggs now being second hand, and slightly dated, would it be reasonable to see a return of $450 per rigg? If that were the case, that would mean $5850 dollars. I'm a little unclear as to how many shares are owned and by whom, but I believe that around 2000 shares were sold in the IPO, and so Tawsix should own another 2000?

If any of the above is correct that would mean liquidation would result in 5850/4000=$1.46 per share. So that would mean about 0.67 bitcoins per share? Which isn't a horrific loss from the original IPO.

Like I said, speculative post to encourage discussion...

Why not sell all of the GPUs and go full into FPGA mining?  We have plenty motherboards for the foreseeable future (at least 4 FPGA boards per motherboard, possibly more, I need to do more research on how one goes about utilizing them.)  The page you linked said that they get at least 200 MHash/sec which implies that they can be pushed to do more (not sure what the expense is besides consuming more power, perhaps greater heat output?)  If heat output is the issue with these cards we should be sitting well, the cooling system we have in place now would not be hard to adapt to the new boards, if it needed to be adapted at all.

I understand this, but Tawsix said "We could sell all of our GPUs and buy FPGA boards with the money."

So their is hardware to sell. Why don't we sell half of the hardware and buy a small FPGA cluster ?

I also want to see a list of our hardware (asked for a picture of the rigs 6 months ago) but I'm only trying to break the impasse because this is unsatisfying for all parties.
After months of getting nowhere we should do something, brainstorm some ideas together that can work instead of asking the same questions aka doing nothing.
The longer we wait selling the hardware, the less it will be worth in value.

Why don't we sell 1 or 2 rigs, and buy with the money a small FPGA cluster ?

And for investors that don't want to be part of this, maybe it's possible to sell rigs to buy back their stocks ?