http://polimedia.us/trilema/2012/the-stockexchange-shareholders-on-welfare/Intro Duct- The GLBSE was first launched by its founder James McCarthy in May 2011.
- The GLBSE was closed by James McCarthy in October 2012.
- Nefario is public figure "founder" thus subject to legal action
- therefore
- all is his unless AML, ID documents, are submitted in order to claim re.im·burse.ment
Ownershipsh1 = anon - Amir Taaki aka genjix
sh2 = anon - Dave Hollis aka noagendamarket on irc, bitcoin.me on forum.
sh3 = anon - ?? Matthew Holt aka matth3w ??
sh4 = anon - ?? Pidgeons ??
sh5 = anon - (proxy via theymos) = Andrew Reistad aka bitdragon.
sh6 = theymos :: TREASURER
sh7 = Nefario :: CEO
sh8 = chrisrico
sh9 = da2ce796
sh10 = ColdHardMetal :: CHAIRMAN
Bonded Capitalization :: Risk?? 250 BTC/share X 10 shares = 2500 BTC ??
Liablesv.2
GLBSE 2.0
PPT, Goat debacles *100,000 BTC/m*
Nefario Shutdown
v1
Ubitex by Nathaniel Theis
"IPO gathered over 1100 BTC (worth an average of about $10000 at the time)"
Peter Lambert LIF Fund debacles
~30 scams taking in between a few hundred and a few thousand BTC each *MPOE-PR
current - funds1400 BTC - treasury funds held by T
8000 BTC - operations funds held by N
Motions1. Close operations thus freeze all GLBSE traded stocks thus invalidate fuduciary Trust & Prestige of the GLBSE parent (Bitcoin Global)
2.
Nefario resign/remove as CEOJustificationNefario, “my problem actually is: 1) AML, 2) tax, 3) regulations, in that order.”As for legal threats, Nefario was also confident. “If they say in the UK ‘You can’t run this thing anymore’,” he claimed, “that’s OK. We’ll just move somewhere else. We’re not using a bank account for this and the funds are sitting on a USB key so it’s easy to exploit differences in jurisdictions. We might want to move somewhere like Singapore or Hong Kong, for example.” September 16 London Bitcoin conference---
sh1 = Amir Taaki aka genjix. Check out his wiki.
sh2 = Dave Hollis aka noagendamarket on irc, bitcoin.me on forum.
sh3 = Matthew Holt aka matth3w, of “I may sound like I’m doing poor/bad business…but for the second time I have managed to increase profits before production has even began” fame ...
(bitcoin.me disagrees)sh4 = Pidgeons ...
(bitcoin.me^Goat disagrees)sh5 = (proxy via theymos) = Andrew Reistad aka bitdragon.
Nefario = former PR for intersango = James McCarthy
theymos =
http://www.reddit.com/user/theymos = Theymos (A GLBSE owner) has censored [Goat] (Goat's Signature)
chrisrico
da2ce796
ColdHardMetal
Matthew Holt is not a shareholder that I know of. Neither is Pidgeons.
[16:55:20] nefario I don’t think there is any problem selling it onward
[16:55:26] shareholder1 genjix is good aat leaking stuff lol
[16:55:37] shareholder1
Also sh1 is an asset issuer from Australia
[17:10:45] shareholder1 this is gonna ruin a lot of people because as an asset issuer I cant afford to shut down
[17:29:34] shareholder1 It kinda fucks me over because my asset relies on other assets to function
[18:09:33] shareholder1 Its the same with the Australian crime commission
[/quote]
October 5th, 2012[16:21:32] ColdHardMetal "I’m calling this meeting to order at 9:22 PM GMT"
[16:22:19] theymos present - 1400 BTC of treasury funds
[16:22:21] nefario present - CEO
[16:22:22] shareholder1 present
[16:22:18] shareholder2 present
[16:22:23] shareholder3 present
[16:22:26] shareholder4 present
[16:22:19] chrisrico present
[16:22:33] da2ce796 present
[16:22:40] ColdHardMetal present
- [17:15:19] shareholder1 how is nefario going to run a legit bitcoin business when he has a fucking scammer tag
- [17:23:26] nefario closing down GLBSE, and ending it as an entity as it currently stands in a clean fashion, and then creating a legal entity removes pretty much all the risk for us
- [17:28:09] nefario theymos, you are a nasty piece of work
[17:28:29] nefario I won’t be giving the server, domain, db or anything to anyone else
[17:28:39] nefario I am shutting down GLBSE - [17:34:03] nefario 1) AML
[17:34:06] nefario 2) Tax
[17:34:09] nefario 3) Regulations
[17:34:11] nefario in that order
[17:34:21] ColdHardMetal I think a clean shutdown is our only real option. - [17:35:33] nefario for AML
[17:35:35] nefario so
[17:36:07] nefario we need gov. issued photo ID, a pic of the user with their GLBSE ID, and proof of address
[17:36:12] nefario gox style proof of address
[17:36:13] nefario so
[17:36:16] nefario utility bill
[17:36:25] nefario maybe a tax reciept - [17:38:13] shareholder4 he’s telling it;s something worse than FSA
[17:38:22] nefario I didn’t say that
[17:38:23] nefario but
[17:38:28] nefario I’m not denying it either - [17:41:20] shareholder2 good thing theymos has the treasury then
[17:41:35] nefario I don’t think it’s a good thing
[17:42:10] nefario the idea that I’ve given 15K USD worth of something to an anonymous person “to hold” looks really fucking bad for me - [17:47:15] ColdHardMetal how do you plan to finance this new company?
[17:47:23] shareholder1 ^^^^
[17:47:37] ColdHardMetal can’t go to the public.
[17:47:53] shareholder3_ crowdfunding?
[17:47:28] nefario good question
[17:47:58] nefario meeting with lawyer on wed to cover these details - [17:49:07] da2ce796 Lets neatly pack up GLBSE.
[17:49:24] nefario I put forward the motion that we bring GLBSE and bitcoin global to an end - [17:49:27] shareholder4 nefario: for the records, you arent going to hand over GLBSE even if a majority of shareholders is against shutting down right?
[17:49:27] shareholder3_ i truly think that if we reveal the plans to make it legit, this will turn around support in the community (at least the bright side of it) and new investments would flow if needed
[17:49:48] nefario shareholder3_: good idea
[17:49:50] nefario another good idea
[17:49:51] nefario we need
[17:49:55] nefario a real PR person
[17:49:58] nefario who is not me
[17:50:01] nefario with another account
[17:50:02] shareholder1 yes
[17:50:15] shareholder4 i hear MPOE-PR is good
[17:50:20] shareholder1 bahaha
[17:50:21] da2ce796 lol
[17:50:22] ColdHardMetal the finest
[17:50:50] shareholder2 MPOE-PR will be very happy to communicate that GLBSE is winding down
[17:51:14] shareholder3_ i know a few people in the community that could help on PR. i could ask once we have asolid plan to come back - [17:51:38] nefario ColdHardMetal: I didn’t get to talk to you about what the lawyer recommended on Goat
- [17:54:29] shareholder1 I sick of the fucking scams on glbse and if this makes it better Im all for it
[17:54:41] shareholder3_ ^^^ - [17:56:20] da2ce796 as in, mpex will stop being our compittion.
[17:56:26] shareholder1 mpex will be classified as money launderers and terrorists
[17:56:26] shareholder2 really? satoshidice and bitvps look pretty legit to me
[17:56:30] shareholder2 bitvps even hosts GLBSE
[17:57:39] nefario shareholder2: bitvps hosts GLBSE images - [18:09:10] nefario chrisrico: not everyone here is anonymous
[18:09:43] chrisrico nefario: did you choose to become non-anonymous? or did we or the rest of the community force you?
[18:09:59] chrisrico maybe you could own up to your own fucking decisions?
[18:10:00] shareholder2 actually, he probably betrayed us regardless \85
[18:10:04] shareholder1 they can drag you off the street and question you in secret and you cant tell anyone
[18:10:16] nefario me giving up my identity to the community was the cost to make GLBSE the success it has become
[18:10:41] shareholder3_ which ^^^i think derserves some credit
[18:10:47] shareholder3_ nefario is holding his ass in the air for us
[18:10:51] chrisrico which he has then destroyed over the course of two weeks
[18:11:11] chrisrico he did so of his own volition, now he wants to fuck us over so that he is protected
[18:11:18] shareholder2 GLBSE success? lol
[18:12:39] nefario I also worked my ass off
[18:12:41] chrisrico Bitcoin is a pretty big success right now and Satoshi never revealed his identity
[18:13:00] chrisrico nefario: I don’t deny that. however, you did so with the help of OUR funding
[18:13:07] chrisrico it’s not like you did it for free
[18:13:16] nefario AND MY FUNDING
[18:13:34] chrisrico but at least 75% OUR funding
[18:13:41] ColdHardMetal 83% actually - [18:15:39] shareholder4 by the way, who’s gonna gete those unclaimed bitcoins?
[18:15:46] chrisrico what happens to the bitcoins of the individuals that don’t agree to offer their identities?
[18:15:55] nefario they don’t get it
[18:16:01] chrisrico what happens to it?
[18:16:05] shareholder1 but who gets it ?
[18:16:05] nefario I don’t know
[18:16:06] chrisrico you keep it?
[18:16:09] nefario HAHA
[18:16:10] nefario me
[18:16:11] nefario lol
[18:16:11] ColdHardMetal we stick it in a public address and it sits there forever.
[18:16:23] chrisrico that includes shareholder funds?
[18:16:26] da2ce796 ColdHardMetal: yep
[18:16:34] nefario I’ll ask the lawyer what we do with the funds that are not claimed
[18:16:42] shareholder3_ is good for them and creates some good PR
[18:16:43] shareholder1 it has to sit in a public address forever
[18:17:00] shareholder1 no forced donation
[18:17:04] shareholder1 thats unethical
[18:17:05] shareholder3_ ok
- [18:17:36] shareholder1 are you paying the lawyer from company funds ?
[18:17:37] nefario in which case
[18:17:43] nefario ja
[18:17:53] nefario it’s a business cost
[18:17:57] chrisrico what bullshit
[18:20:19] shareholder2 OUR money was used for a shitty lawyer who told you to close down GLBSE and devalue our shares to 0?!
- [18:18:50] nefario chrisrico: I’m responsible for GLBSE, if you wan’t to come along and put your name down and say you ran everything then go ahead
[18:19:15] chrisrico you could choose to turn over all passwords and funds, and remove yourself from the operation
[18:19:33] nefario I’d be held responsible for everything up to now
[18:19:57] chrisrico you’re screwing us to cover your own ass, at least own up to it
[18:20:02] shareholder4 nefario: you’ll get immunity if you shut it down now?
- [18:20:41] nefario shut down and start up with a clean slate
[18:20:52] chrisrico then send me back my 250 BTC right now - [18:21:51] shareholder2 GLBSE under illegal operation had a monthly deficit of over 600 or 800BTC because it paid for a lawyer
[18:21:56] chrisrico da2ce796: not for the purpose of dissolving the company and holding funds hostage
[18:21:57] shareholder2 how do you imagine it will work out legally - [18:27:46] nefario I’ve not spent any funds on the lawyer yet
[18:28:46] chrisrico are you paying him with company funds for both roles?
[18:28:59] nefario chrisrico: I’m not being represented personally by a lawyer
[18:29:09] nefario for GLBSE only
[18:29:19] chrisrico [16:36] nefario but the one who is representing me has said that I shouldn’t say much
[18:35:41] shareholder2 ok, then where are the lawyer expenses in the income statement?
[18:35:57] nefario the lawyer has not been paid yet
[18:50:43] nefario since GLBSE is not a legal entity
[18:50:45] shareholder2 i thought nefario = glbse?
[18:50:47] shareholder3_ ^^^^ nefario?
[18:50:49] nefario I am representing GLBSE
[18:50:49] nefario I am representing GLBSE
- [18:37:12] nefario I have ALL THE OTHER DEPOSITOR MONEY
- [18:42:42] ColdHardMetal 57.85% for. My vote doesn’t matter. Motion carries.
[18:42:51] shareholder2 that’s funny
[18:43:09] shareholder2 nefario who wouldn’t observe the result of a motion concerning him forces theymos to do so
[18:43:12] shareholder2 oh well
[18:43:17] chrisrico what happened with the vote to remove nefario as CEO?
[18:43:24] chrisrico out of curiousity
[18:43:24] shareholder1 didnt pass
[18:43:24] ColdHardMetal didn;t pass - [18:43:54] nefario ColdHardMetal: give theymos a BTC address for him to send you the remaining GLBSE user funds he holds
- [18:45:15] nefario buckworthsolicitors.co.uk/
[18:45:32] chrisrico and, the lawyer who is handling this, what is their name?
[18:45:51] chrisrico to whom should I ask to speak regarding this matter?
[18:45:53] nefario michael buckworth - [18:59:59] shareholder3_ what were those big news nefario?
[19:00:09] nefario BitPay
[19:00:18] shareholder3_ tell us more
[19:00:20] shareholder2 what about them?
[19:00:36] nefario wanted to IPO when we sorted out legal shit out
[19:01:05] shareholder2 so bitpay killed GLBSE by having you trying to legalize it
[19:18:39] ColdHardMetal can I get a motion to adjourn?
[19:18:51] da2ce796 I motion that we adjourn
[19:18:55] chrisrico no, nefario is
[19:18:56] nefario I propose we adjourn
[19:18:56] shareholder1 aye
[19:19:03] chrisrico he has given us NO evidence that he is in legal distress
[19:19:07] nefario I second that motion
--
[19:19:16] ColdHardMetal ok, all in favor?
[19:19:26] da2ce796 aye
[19:19:27] nefario aye
[19:19:29] chrisrico aye
[19:19:30] ColdHardMetal aye
[19:19:25] shareholder4 aye
[19:19:35] shareholder2 yes
[19:19:41] ColdHardMetal motioon carries.
[19:20:01] ColdHardMetal meeting adjourned at 1:20 am GMT October 6th, 2012
[19:19:41] shareholder2 chrisrico: remember the pirate pass throughs on GLBSE and the SEC investigation
[19:19:56] chrisrico shareholder2: and?
[/list]
Outside Comments
theymos > "Nefario stole GLBSE from the BitcoinGlobal shareholders and refuses to obey our motions. We don't have anything to do with his actions now." OCT 12
http://www.reddit.com/r/Bitcoin/comments/118tii/global_bitcoin_stock_exchange_shuts_down_for_good/c6km16jNefario > “keep in mind that GLBSE is linked to me and my identity, I’ve used my credit cards to pay for the domains, servers and other items. If I passed control of it to anyone else(especially an anonymous person), and it continued to operate, knowingly breaking laws and attracting attention then I would be found liable.”
http://bitcoinmagazine.net/global-bitcoin-stock-exchange-shuts-down-for-good/
