The pirate and the SEC - Alleged e-mails.

[reeses]

For those who don't follow the mining forums.

Per the #gpumax channel topic on freenode:

<pirateat40> GPUMAX will be down on 10/08 at 12:00 AM CST.  The system may or may not come back up depending on the new owners.

Screenshot from reddit

https://i.imgur.com/yJV70.png

So the owners of GPUMAX are selling?

Wow...lol what bullshit....both entities were linked through financial means for sure.

Doesn't say anything about selling.

[smoothie]

For those who don't follow the mining forums.

Per the #gpumax channel topic on freenode:

<pirateat40> GPUMAX will be down on 10/08 at 12:00 AM CST.  The system may or may not come back up depending on the new owners.

Screenshot from reddit

https://i.imgur.com/yJV70.png

So the owners of GPUMAX are selling?

Wow...lol what bullshit....both entities were linked through financial means for sure.

Doesn't say anything about selling.

Yeah that pretty much says it. LOL

[repentance]

Yeah that pretty much says it. LOL

Not necessarily.  My understanding is that LLC members are the equivalent of shareholders - which means that in addition to being able to sell their interest under the terms of the LLC, they may be able to give them away or swap them.  It's not exactly the same thing, but remember that the Intersango guys got their interest in by swapping 250 Intersango shares for a combined interest of 25% in Bitcoinica LP.  While pirate definitely seems like the type to take money wherever it can be found, the possibility exists that the "new owners" didn't buy GPUMax with cash.

[reeses]

Yeah that pretty much says it. LOL

Not necessarily.  My understanding is that LLC members are the equivalent of shareholders - which means that in addition to being able to sell their interest under the terms of the LLC, they may be able to give them away or swap them.  It's not exactly the same thing, but remember that the Intersango guys got their interest in by swapping 250 Intersango shares for a combined interest of 25% in Bitcoinica LP.  While pirate definitely seems like the type to take money wherever it can be found, the possibility exists that the "new owners" didn't buy GPUMax with cash.

Or the obvious topic under discussion, which is that there is a seizure or receivership.

[repentance]

Or the obvious topic under discussion, which is that there is a seizure or receivership.

It's unlikely he'd have any advance notice of a seizure.  Receivership's a possibility if GPUMax has secured creditors, although why not immediately rather than in 5 days?  Or he could just be shutting up shop and claiming there are new owners to fuck with people's heads.  As with everything else pirate-related, people can do little but wait and see what plays out.

[reeses]

Or the obvious topic under discussion, which is that there is a seizure or receivership.

It's unlikely he'd have any advance notice of a seizure.  Receivership's a possibility if GPUMax has secured creditors, although why not immediately rather than in 5 days?  Or he could just be shutting up shop and claiming there are new owners to fuck with people's heads.  As with everything else pirate-related, people can do little but wait and see what plays out.

s/seizure/forfeiture/ is actually what I meant.  There is a time I should go to bed. :-)

[strello]

Maybe this is why nothing seems to be happening on the SEC front:

http://www.techdirt.com/articles/20121113/16501921036/sec-porn-surfing-down-waste-up-stunning-disregard-basic-computer-security.shtml

[BCB]

The Bitcoin Securities investigation is being handled by the Division of Enforcement.

This article and the activities it mentions occurred within the Trading and Markets division (as is says in the first line of the article if you bothered to read it).