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MPOE-PR (OP)
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October 30, 2012, 05:43:10 PM |
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As you all know, Nefario's erratic behavior during the past month rendered asset issuers unable to fulfill their obligations to share owners, with hopes of recovery slipping slowly from the realm of the probable to the realm of possible as the weeks went by.
With the recent disappearance of the glbse server from the Internet (502 Bad Gateway as of yesterday) any sort of recovery seems moreover improbable. Consequently we regretfully announce that should the ownership situation of GIGAMINING not be remedied by December 1st, F.GIGA.ETF will be delisted and all shares held discarded as worthless.
The symbol is not currently locked from trading nor will it be locked up until that date, however volume has been consistently zero for the past few weeks. With this we also kindly ask all our full service brokers to check with any clients placing orders on that symbol and make sure they are in fact up to date.
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pieppiep
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October 30, 2012, 06:25:33 PM |
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Does this have anything to do with GIGAMINING from gigavps?
I haven't seen anything about this in the original gigamining thread.
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MPOE-PR (OP)
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October 30, 2012, 11:48:46 PM |
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Does this have anything to do with GIGAMINING from gigavps?
I haven't seen anything about this in the original gigamining thread.
Well yes, a sort of pass-through I guess. |
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guruvan
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December 05, 2012, 12:57:22 PM |
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K. So, I had 10,000 of these babies, and now they're disappeared?
Now that giga is returning money, I presume that you'll receive some and pass that on to holders of F.GIGA.ETF?
Also, there should be a receipt (somehow) when something is removed from my portfolio. As it stands, I have zero record of what's happened with those shares (since they were apparently deleted or something?)
Giga is talking about paying back previous dividends, and the current value, and I would expect that to be passed through. Or is this somehow not the case?
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Monster Tent
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December 05, 2012, 08:44:27 PM |
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K. So, I had 10,000 of these babies, and now they're disappeared?
Now that giga is returning money, I presume that you'll receive some and pass that on to holders of F.GIGA.ETF?
Also, there should be a receipt (somehow) when something is removed from my portfolio. As it stands, I have zero record of what's happened with those shares (since they were apparently deleted or something?)
Giga is talking about paying back previous dividends, and the current value, and I would expect that to be passed through. Or is this somehow not the case?
Looks like youve been screwed by another exchange.... |
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guruvan
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December 05, 2012, 09:33:09 PM |
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Looks like youve been screwed by another exchange....
I believe the technical term is "fucked" And, I certainly hope not. But....At this point it would not surprise me. |
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Monster Tent
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December 05, 2012, 10:51:04 PM |
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Looks like youve been screwed by another exchange....
I believe the technical term is "fucked" And, I certainly hope not. But....At this point it would not surprise me. Well since its a passthrough MPEX would need to send all their personal info to reclaim the shares. |
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jamesg
VIP
Legendary
 Offline
Activity: 1358
Merit: 1000
AKA: gigavps
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December 05, 2012, 10:53:02 PM |
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Well since its a passthrough MPEX would need to send all their personal info to reclaim the shares.
This is correct. I've kindly asked Mircea to reconsider and he declined. |
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burnside
Legendary
Offline
Activity: 1106
Merit: 1006
Lead Blockchain Developer
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December 06, 2012, 05:50:02 AM |
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Well since its a passthrough MPEX would need to send all their personal info to reclaim the shares.
This is correct. I've kindly asked Mircea to reconsider and he declined. Who was operating the passthru? |
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Monster Tent
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December 06, 2012, 05:53:04 AM |
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Well since its a passthrough MPEX would need to send all their personal info to reclaim the shares.
This is correct. I've kindly asked Mircea to reconsider and he declined. Thats kinda jerky if theres still bonds outstanding and almost scammy if it isnt bought back while there are still holders of the asset. |
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guruvan
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December 06, 2012, 08:40:36 AM |
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Well since its a passthrough MPEX would need to send all their personal info to reclaim the shares.
This is correct. I've kindly asked Mircea to reconsider and he declined. Wait. wut? So.........looks like MPEx is indeed fucking it's customers? Mircea won't send information to James, therefore Mircea's customers are screwed. Mircea, you should have thought of that. You still owe the money to your investors. To not pay because you're unwilling to receive the money is wrong. Scammer tag seems imminent.  |
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MPOE-PR (OP)
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December 06, 2012, 08:55:52 AM |
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Wait. wut? So.........looks like MPEx is indeed fucking it's customers? Mircea won't send information to James, therefore Mircea's customers are screwed. Mircea, you should have thought of that. You still owe the money to your investors. To not pay because you're unwilling to receive the money is wrong. Scammer tag seems imminent. This has been amply discussed on irc about a month or so ago. It's preserved here. Read that, come back. |
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guruvan
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December 06, 2012, 09:30:39 AM |
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I fail to see the relevance of that speculative conversation in the face of actual real offers to return funds to you.
If you fail to claim your funds from gigamining then you're ignoring your fiduciary duty to your investors.
If you refuse to return funds received, you're stealing from your investors.
There are no other options for what is currently going on.
Either way, no one should do business with you until such time as you make your investors whole.
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MPOE-PR (OP)
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December 06, 2012, 02:09:10 PM |
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I fail to see the relevance of that speculative conversation in the face of actual real offers to return funds to you.
If you fail to claim your funds from gigamining then you're ignoring your fiduciary duty to your investors.
If you refuse to return funds received, you're stealing from your investors.
There are no other options for what is currently going on.
Either way, no one should do business with you until such time as you make your investors whole.
The thing that's speculative is this conversation. |
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guruvan
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December 06, 2012, 04:21:18 PM |
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Pray, tell, what are we speculating on?
Either you're going to claim the funds and return them, or you're failing in your duty to your investors.
Which is it? There are no other options.
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MPOE-PR (OP)
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December 06, 2012, 04:38:40 PM |
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Really, read the quoted discussion rather than trying to re-enact it as if it were fresh.
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guruvan
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December 06, 2012, 04:44:55 PM |
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As you all know, Nefario's erratic behavior during the past month rendered asset issuers unable to fulfill their obligations to share owners, with hopes of recovery slipping slowly from the realm of the probable to the realm of possible as the weeks went by.
With the recent disappearance of the glbse server from the Internet (502 Bad Gateway as of yesterday) any sort of recovery seems moreover improbable. Consequently we regretfully announce that should the ownership situation of GIGAMINING not be remedied by December 1st, F.GIGA.ETF will be delisted and all shares held discarded as worthless.
The symbol is not currently locked from trading nor will it be locked up until that date, however volume has been consistently zero for the past few weeks. With this we also kindly ask all our full service brokers to check with any clients placing orders on that symbol and make sure they are in fact up to date.
Fuck it. I give up. I will liquidate all my MPEx positions and withdraw my funds. I will then consider selling the account. Dealing with Mircea is fucking pointless. He'll attempt to bully everyone and make himself out to be Big Tough and Right (regardless of the truth) and then he'll just walk off with the money. Typical Exchange Operator, stubborn prick, willing to fuck over investors and likely steal their money. |
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MPOE-PR (OP)
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December 06, 2012, 05:00:12 PM |
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Fuck it. I give up. I will liquidate all my MPEx positions and withdraw my funds. I will then consider selling the account. Dealing with Mircea is fucking pointless. He'll attempt to bully everyone and make himself out to be Big Tough and Right (regardless of the truth) and then he'll just walk off with the money.
Typical Exchange Operator, stubborn prick, willing to fuck over investors and likely steal their money.
Eh simmer down will you. What are you on about anyway? |
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guruvan
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December 06, 2012, 05:14:16 PM |
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I see no need to simmer down until you show that you're going to pay investors in F.GIGA.ETF. (which you certainly seem to have been shown to have exactly zero intention in doing)
All I see is a non-worthless asset removed from my portfolio
I'm on about that.
What are you on?
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