Usagi: falsifying NAVs, manipulating share prices and misleading investors.

[Puppet]

Yes, but the screenshot was taken on the 28th.
That spreadsheet doesnt auto update the date, but the asset numbers are updated automatically through GLBSE API.

See also here for a snapshot on the 27th:
https://bitcointalk.org/index.php?topic=112734.msg1225573#msg1225573

[blakdawg]

Do you have investments in Usagi's business or not?

Hmm, so in your view, this is the proper sequence of events:

1. Invest.
2. Perform due diligence.
3. ?
4. Profit!

Have I understood you correctly?

'It's a poor sort of memory that only works backwards,' the Queen remarked.
'What sort of things do you remember best?' Alice ventured to ask.
'Oh, things that happened the week after next,' the Queen replied in a careless tone. 'For instance, now,' she went on, sticking a large piece of plaster on her finger as she spoke, 'there's the King's Messenger. He's in prison now, being punished: and the trial doesn't even begin till next Wednesday: and of course the crime comes last of all.'
'Suppose he never commits the crime?' said Alice.
'That would be all the better, wouldn't it?' the Queen said, as she bound the plaster round her finger with a bit of ribbon.
Alice felt there was no denying that. 'Of course it would be all the better,' she said: 'but it wouldn't be all the better his being punished.'
'You're wrong there, at any rate,' said the Queen. 'Were you ever punished?'
'Only for faults,' said Alice.
'And you were all the better for it, I know!' the Queen said triumphantly.
'Yes, but then I had done the things I was punished for,' said Alice: 'that makes all the difference.'
'But if you hadn't done them,' the Queen said, 'that would have been better still; better, and better, and better!' Her voice went higher with each 'better', till it got quite to a squeak at last.

[augustocroppo]

Yes, but the screenshot was taken on the 28th.
That spreadsheet doesnt auto update the date, but the asset numbers are updated automatically through GLBSE API.

See also here for a snapshot on the 27th:
https://bitcointalk.org/index.php?topic=112734.msg1225573#msg1225573

I see a snapshot with no time stamp...

5 day trading volume is 231, so essentially Usagi is the only one buying.  and most likely the only one bidding.

And at what price does usagi value them for his NAV calculations?
0.7 BTC per share or almost twice GLBSE 5 day average, the average only he pushed this high.

So, does usagi know something about FPGAMINING that you dont, or is he just buying up distressed shares that he already owned to temporarily push up GLSBE prices to inflate his book value (and even then doubling that value in his books like he does with most things anyway)?

The snapshot you offered is not accurate and you did not presented any additional data which indicates that in the last five days the FPGAMINING shares were solely obtained by Usagi.

[augustocroppo]

Have I understood you correctly?

No, you did not.

[Puppet]

Lets see if Usagi even denies doing those trades before I provide further evidence.

[blakdawg]

Have I understood you correctly?

No, you did not.

Ah. Upon careful re-reading, I note that you never mentioned profit. My mistake!

[Deprived]

You also had a second such incident you wanted to report on? IF its only half as clear cut as the first one, I am very curious to read it.

Been considering which to do next (there's actually a few more very clear cases of one company carrying out actions that benefit another of usagi's companies with no gain to the first).

The nyan.a holding OBSI.HRPT shares probably warrants some proper description (there's a bit more too it than has previously been explained/examined).  But that one is messy to explain due to the relationships between the various nyans.

I think, instead, I'll do "Nyan cooking the books to cover up an interest-free loan to CPA" - as it hasn't been discussed anywhere (except briefly by me) and just about all the facts in it are already accepted by usagi.  Other, of course, than that the whole exercise was just to let CPA get an interest-free loan from nyan.

Give me 15 mins or so to type it up - I'll have to reference a fair bit of background info so as to make what happened crystal clear.

[MPOE-PR]

Deprived, by this point what would be the cost for you to prepare a complete report, 50 pages or whatever, detailing the thing end to end? Reading it in threads is disconcerting.

It could be the "how to fail" manual. For socialites.

[Deprived]

It's going to have to wait - got a phone-call shortly after my last post and only just got off the phone.  Have other things I need to do now, so will have to leave the next bit for another day (maybe tomorrow - though I won't have too much free time then).

[pyrkne]

This is not about questionable finances anymore...

Well, I'm sure you of all people feel that way. Since "questionable" is so subjective though, it's best to get the most information in the open. People have different tolerance levels for risk after all.

[Puppet]

Of course not but it's $599 now, and it will be $599 tomorrow. Maybe not next year, but next week? pretty bloody likely.

Hear! hear!
So why do you put its "real value" in DMCs nav sheet at $771?
Why do you put as "real value" for ABM a price that corresponds to its one and only non upgradable single being worth $4920 ?

Do you think before you post?

And while we are it,   why do you put OBSI.HRPT "real price" at 4x market price,   FZB.A's (Feedzbirds)  at twice the IPO and 10x market price, etc ,etc.

 Im sure your letter to shareholders will explain all that too?

[pyrkne]

Because this has now been going on for weeks. Initially I would just link a motion or link a letter to shareholders but puppet, deprived et. al. woudl just ignore it and repeat their claims or come up with new claims. They really are assholes, and they really are stupid.

Your shareholders don't like it when you get all personal and start biting at flamebait. If what "puppet deprived et al" says is false, then flamebait is all it is right? Unless there's something to it.

[makomk]

I think we can add "hiding the evidence" and "trying to extort investors into harassing the forum moderators to get his critics banned" to that:

Fine.

You asked for it, you really did. No more weekly letters to shareholders. No more updating online spreadsheets. I remain here to answer your e-mail. But I will only speak to shareholders, potential investors, or forum mods in PM (or when requested in public). You must obtain a signed letter of holding from Nefario as a shareholder, or pay a deposit into escrow if you are a potential investor. I really do not care if you decide not to invest with me as a result of this decision. If you are so lazy that you cannot be bothered to contact me then I do not want you as an investor of NYAN. Game over, trolls. I win.

(Of course, NYAN will continue to publish a spreadsheet, once a week or when dividends are paid. Enjoy.)

I will reverse this decision when Puppet, Deprived and EskimoBob are either banned from the forums, or recieve a scammer tag. If you wish this to happen, please petition against them in the Scam Accusations forum. Have a nice day. MPOE-PR should also probably be banned.

Surely that goes beyond mere scammer-tag territory?

[Puppet]

While no proof or even evidence of scamming, I did a quick back-of-envelope calculation to get an idea of the size of this unfolding trainwreck. Im ignoring YARR here, I havent read up on that yet.

IPO revenue:

CPA  46423 shares x 0.1 = 4642
BMF 5147 shares (x1)
Nyan.A  1606 bonds (x1)
Nyan.B  2263 bonds (x1)
Nyan.C 3565 bonds (x1)

Total collected from investors: 17,223 BTC

How much value of that is left?
Paid out in dividends
CPA  178
BMF 418
Nyan.A  112
Nyan.B  280
Nyan.C  302

Total dividends: 1,290

If we unrealistically assume all usagi's assets can actually be sold at current highest bids and multiply that by oustanding shares/bonds, I get the following remaining  market cap:

CPA  1666
BMF 2511
Nyan.A  959
Nyan.B  1543
Nyan.C  399

Total market cap: 7,078

Total loss = 17,223 -(1,290+7,078) = 8,855 BTC.

Thats how much your "financial friend for life" has lost for its investors so far at the very minimum.

[Atlas]

You know, you guys are beating a dead horse. You've made your point.

[MPOE-PR]

While no proof or even evidence of scamming, I did a quick back-of-envelope calculation to get an idea of the size of this unfolding trainwreck. Im ignoring YARR here, I havent read up on that yet.

IPO revenue:

CPA  46423 shares x 0.1 = 4642
BMF 5147 shares (x1)
Nyan.A  1606 bonds (x1)
Nyan.B  2263 bonds (x1)
Nyan.C 3565 bonds (x1)

Total collected from investors: 17,223 BTC

How much value of that is left?
Paid out in dividends
CPA  178
BMF 418
Nyan.A  112
Nyan.B  280
Nyan.C  302

Total dividends: 1,290

If we unrealistically assume all usagi's assets can actually be sold at current highest bids and multiply that by oustanding shares/bonds, I get the following remaining  market cap:

CPA  1666
BMF 2511
Nyan.A  959
Nyan.B  1543
Nyan.C  399

Total market cap: 7,078

Total loss = 17,223 -(1,290+7,078) = 8,855 BTC.

Thats how much your "financial friend for life" has lost for its investors so far at the very minimum.

[Francesco]

While no proof or even evidence of scamming, I did a quick back-of-envelope calculation to get an idea of the size of this unfolding trainwreck. Im ignoring YARR here, I havent read up on that yet.

IPO revenue:

CPA  46423 shares x 0.1 = 4642
BMF 5147 shares (x1)
Nyan.A  1606 bonds (x1)
Nyan.B  2263 bonds (x1)
Nyan.C 3565 bonds (x1)

Total collected from investors: 17,223 BTC

How much value of that is left?
Paid out in dividends
CPA  178
BMF 418
Nyan.A  112
Nyan.B  280
Nyan.C  302

Total dividends: 1,290

If we unrealistically assume all usagi's assets can actually be sold at current highest bids and multiply that by oustanding shares/bonds, I get the following remaining  market cap:

CPA  1666
BMF 2511
Nyan.A  959
Nyan.B  1543
Nyan.C  399

Total market cap: 7,078

Total loss = 17,223 -(1,290+7,078) = 8,855 BTC.

Thats how much your "financial friend for life" has lost for its investors so far at the very minimum.

As I already said, it is unfair to include NYAN.C, as those investors were practically begging to have their money wasted.
And usagi will of course argue its your fault if his companies have prices so low... well, the real value of the companies might be in fact less than their spot price, but that's a horse of a different colour

[EskimoBob]

I know, this is just a minor fuck up but why not include it here:

BMF sohow the following hardware at the top of the holdings-nav page

Bitforce Single 832 MH/s   2
BitForce Jalapeno 4.5 GH/s   2
BitForce 'SC' Single 60 GH/s   1

HARDWARE TRACKING
               

Item   Order No.      Order Date      Arrival Date
Bitforce Single 832 MH/s   #7650      Sep. 10, 2012      -
BitForce Jalapeno 3.5 GH/s   #7839      Sep. 11, 2012      -
BitForce 'SC' Single 40 GH/s   #7971      Sep. 13, 2012      -
Bitforce Single 832 MH/s   #8665      Sep. 19, 2012      -
Bitforce Jalapeno 3.5 GH/s   #8670      Sep. 19, 2012      -

http://tsukino.ca/bmf/
You have to love that on the front page BMF: Over 41% ROI since inception

Reality is (from assbot)
BMF [1@1BTC]
paid: 0.10822932 BTC.
Last price: 0.501 BTC.
Capital gain: -0.499 BTC.
Total: -0.39077068 BTC. (-39.1%)

[augustocroppo]

I know, this is just a minor fuck up but why not include it here:

If it is minor and you are posting, you have a reason.

BMF sohow the following hardware at the top of the holdings-nav page

Bitforce Single 832 MH/s   2
BitForce Jalapeno 4.5 GH/s   2
BitForce 'SC' Single 60 GH/s   1

HARDWARE TRACKING
               

Item   Order No.      Order Date      Arrival Date
Bitforce Single 832 MH/s   #7650      Sep. 10, 2012      -
BitForce Jalapeno 3.5 GH/s   #7839      Sep. 11, 2012      -
BitForce 'SC' Single 40 GH/s   #7971      Sep. 13, 2012      -
Bitforce Single 832 MH/s   #8665      Sep. 19, 2012      -
Bitforce Jalapeno 3.5 GH/s   #8670      Sep. 19, 2012      -

What lead you to believe that the both bold items should be the exactly same items?

http://tsukino.ca/bmf/
You have to love that on the front page BMF: Over 41% ROI since inception

Reality is (from assbot)
BMF [1@1BTC]
paid: 0.10822932 BTC.
Last price: 0.501 BTC.
Capital gain: -0.499 BTC.
Total: -0.39077068 BTC. (-39.1%)

"assbot"?

Do you think the result from a IRC script calculator is evidence for what exactly?

http://tsukino.ca/bmf/2012/09/19/bmf-41-since-inception/

19
Sep 2012
Announcements
BMF: Over 41% ROI since inception

On another note, I was just examining the historical prices of BMF. On June 1st, 2012, Mt. Gox USD was $5.16 per bitcoin. We had 1035 shares outstanding at the time. From these humble beginnings we now have over 5,000 outstanding shares, and at current prices BMF is now worth $5.73 per share! This is an annualized, real return on investment of 41% not including dividends paid! — WOW! — Essentially, the reason why mining bonds have deprecated in BTC is because the exchange rate has gone up.

http://www.investopedia.com/terms/r/returnoninvestment.asp#ixzz27yAldS00

Investopedia explains 'Return On Investment - ROI'

Keep in mind that the calculation for return on investment and, therefore the definition, can be modified to suit the situation -it all depends on what you include as returns and costs. The definition of the term in the broadest sense just attempts to measure the profitability of an investment and, as such, there is no one "right" calculation.

For example, a marketer may compare two different products by dividing the gross profit that each product has generated by its respective marketing expenses. A financial analyst, however, may compare the same two products using an entirely different ROI calculation, perhaps by dividing the net income of an investment by the total value of all resources that have been employed to make and sell the product.

This flexibility has a downside, as ROI calculations can be easily manipulated to suit the user's purposes, and the result can be expressed in many different ways. When using this metric, make sure you understand what inputs are being used.

[EskimoBob]

You already publicly paid him 10,000 shares of MPOE.ETF. It's already public knowledge you have paid eskimobob to troll me as well.

Let the record show, he's making the offer in public this time.

One more time, scammer usagi, THIS NOT A PUBLIC KNOWLEDGE. It can not be, because nobody has paid me a penny.
Only person, who has ever approached me with something as disgusting as this, is YOU usagi (aka Oliver Richman or what ever you name is)
So, you better stop that crap.