If true, how did signing that contract indemnify against capital loss? If the contract hadn't been accelerated then it would indemnigy - but if the agreement was always to accelerate then it didn't indemnify.
Again, reading comprehension issues -- it would not indemnify if we didn't accelerate it, because the value of the policy was limited to around the total amount CPA would receive plus 20 bitcoins. You need to
think, and
read the contract -- the contract doesn't seem to make sense as it stands -- why would anyone sign such a policy, which amounts to an interest free loan to BMF? There was never any need or reason to do that, and it was announced in a shareholder letter what we were doing. You don't seem to get this was for the good of both companies. I think that's your problem -- your cognitive dissonance is preventing you from seeing that CPA used this contract as a model for others, and that was all this was ever supposed to be. Why is it that none of the people we actually did business with complained about this? If I had not done this contract, put it out, then it would have had no review process. Notice what everyone is saying about the contract -- it misled investors. Not that there was anything improper about the contract itself. But this leads back to misleading investors or not -- ALL the information regarding this was published, ALL the info that investors needed to make a decision was published, announced in shareholder letters, discussed in threads and so on. You fail to see that: NO INVESTORS WERE MISLED.
And how could a contract that had no material effect impact on whether BMF could pay dividends the next week? The only change by the next week was BMF was 20 BTC poorer from paying the first 4 weeks premiums up front.
I'm not denying I said that, but could you please provide links? I'd like to see the context. More likely than not I was referring to the motion which covered the insurance, the 100 btc gift I gave to BMF investors, the right to invest 10% into non-mining securities and so on. You're likely confusing the motion which was passed by shareholders with the contract itself. So what you're saying about BMF being 20 BTC poorer is crapola.
The clear message you gave investors was "Now we're nearly back to full NAV...
You seem to be confused; mining crashed and we ended up losing 50% of our value. Are you quoting me? It seems out of place; provide a link or more context please. I am lax to think you're misquoting me here but you don't seem to be providing any references.
...we've taken out insurance from CPA to stop it ever falling again - and so should be able to start paying dividends again shortly as our NAV can't fall any more". You intentionally misled investors.
Really? I used a single dash? I think you're misquoting me, no? Putting words in my mouth again?
Noone would read what you told investors as "We've signed a test contract with CPA which will be accelerated and have no material effect on us."
Did you read the contract? I think you're going to need to provide references for the quotes in your last post -- you appear to be intentionally trying to deceive people into believing I said or meant something I didn't.
Plus why 520 in premiums and 500 in cover if it was meant to have no material effect? Why not 500 in premiums and 500 in cover?
Dunno, no meaning. I didn't end up taking any kind of premium. If you want, I'll move 20 BTC from BMF to CPA. I don't really care, it's of no meaning to me. CPA profited immensely from the advertising. Since you keep insisting that BMF investors were 'completely screwed over' (notice the single quotes; that's how you paraphrase someone to avoid making it look like you're a troll and a liar) -- I doubt that's what you want.
I asked you what you did want -- what remedy you were looking for, and you ignored me. I'll ask you again. What precise remedy are you looking for in this situation? You don't seem to get I didn't scam anyone, and I didn't rip off anyone either. If you can't come up with a remedy and you don't believe I deserve a scammer tag for the accusations in the subject, I politely ask you to go away -- you're trolling and hijacking a thread.
Feel free to ignore my questions as usual and then later post, as you did earlier, that you always answer my questions.
A large number of your questions are immaterial; you misquote me, or misrepresent me, and then make a ludictous statement like 'Thanks for admitting you misled investors'. I will ignore such rubbish just like everyone else.
Unfortunately your confidence that you can lie because the mods/admins won't undelete is probably entirely justified (or maybe you just have a bad memory and can't remember what you wrote then).
Looking forward to your next version of "the truth".
you operate from a position of ludicrous misinformation and lack of information.. I have already explained 2 or 3 times now why I deleted posts.
I am beginning to think you are not a good representative of the people who believe I am a scammer. Let me be honest with you -- you suck at arguing. Look, you've said what you had to say. Augustocroppo and BCB looked into this and dropped it realizing there was no evidence. Even puppet and guruvan admitted flat out they had no real evidence against me (again -- want links?)
The admission by two of the most vocal trolls against me is extremely telling. If they didn't have any evidence, it was not least of all because NO ONE had posted any. Therefore they also did not have any. Please Deprived. Go away. There are many people on the scam accusations forum who deserve your time and dogged fight for justice, but not me. You got it wrong here. Here's a list of people you should worry about, taken from the scam accusation forum directory:
SCAMMER: matthewh3. Violating agreement by HorseRiderNow there's an interesting case. Go spend your time doing something useful there.
Gigamining math by conspirosphere.tkThe mining bond crap is only just beginning. You have no idea whats going to come out of this. Remember back when a group of mining bond issuers flooded the market with shares just before ASICs were announced? Yep, you got it. Better get some popcorn for this one. I'd watch it more closely, you won't regret it.
BITCOIN MAGAZINES ORDERED NOV. 11th 2012 NOT RECEIVED by smoothieVladamir and matthew are probably going to go down as some of the biggest scammers on the forum ever. Did you know that Matthew owes NYAN investors over $10,000? No shit. Spend your energy on that and I swear on my life I will give it all to the NYAN investors and take nothing for myself.
TORWallet - Scammer by Tweaked This is an issue of vital importance to the community.
Scammer tag: PatrickHarnett by MPOE-PRWhile I think MPOE-PR probably needs anti-depressant medication, the Patrick Harnett story is of someone who really did intentionally mislead investors -- he actually really did scam people with KRAKEN. Look it up -- what you are saying I did is nothing compared to this. What I did, people get their money back and the company makes money. What he did, is a straight up scam. Go bother him not me.
Scammed for >$500 by Chandler Weyman "Takliano" Corbin from Boone, NC by c0dexNow THAT'S a scammer accusation thread if I ever saw one
Ian Bakewell by usagiYou want to see someone who defrauded his investors? Hot shit, this guy never fails to dissapoint. From misrepresenting the value of his company in letters to shareholders, to backing out of an insurance contract in a hostile manner and attempting to pocket the money, to being involved in an unissued-share voting scandal which is causing his investors to flee in droves.. Go here for some real fun.
.................And on and on and on.
So why the f*** are you bothering me? You know:
a) you are not an invetsor nor did you lose a red cent on this
b) The contract was good for both CPA investors and BMF investors
c) No one was ripped off or deceived (no damages, no victims)
d) The contracts were clearly closed down
as advertised in the contractse) everything was made very, very public.. shareholder letters... forum discussions.. publishing the contract on our webpage, etc. (no one was misled)
f) I spent a lot of time changing how my companies operated due to complaints from non-investors like you, which I didn't even have to do, not even have to give you the time of day, at my own expense.
Do you see? Seriously, what the f*** is your problem? Put a number on it or go away; can you show how many bitcoins BMF or CPA actually LOST because of this? No? Then why don't you just stop?