MPEX/MPOE-PR

[MPOE-PR]

This is completely you own doing. There was nothing in your contract to state that you'd refuse to claim your funds in the even of liquidation of other type of credit event.

There's nothing in the contract that states bizarre newly-invented performances will be even entertained, let alone satisfied, and let alone free of charge. Actually, there's plenty quoted earlier stating exactly the opposite.

In general, when you enter into a contract to buy a car and fail to specify that the car you're buying has to be delivered to Patagonia via airdrop you also fail to get your car delivered to Patagonia via airdrop. This leaving aside the fact that you've actually not paid anything to the ETF issuer in the first place.

You, on the other hand, seem to be stating that you will not honor this debt obligation.

This is exactly the opposite of what's been stated all through this thread and in all the places this thread was created to avoid, as if that works.

The simple fact of the matter is that you failed to get your stat in time, and then for some reason failed to even approach support, because oh god almighty guruvan might say "sorry, I...forgot" or whatever it was. Instead you've created some bullshit drama as if anyone cares and keep pushing these false theories of yours, inconsistent such as they are. Go right ahead and repeat 'em until you're sick of it, I guess you're too emotionally invested by now for anything else. Golly, MP is arrogant and whatever because some random "investor" isn't able to keep up with his investments on a monthly basis and then is too arrogant and thick-skulled to act like a rational human being. Heh.

You wouldn't be going through those hoops for your investors, just yourself. As stated previously, it seems to me, and apparently most of these folks that you owe the money.

Most of these folks being what, three idiots of which two are well known scammers, one's Eskimobob and one's you. Nice company, carry right on. For all intents and purposes our conversation ends here, enjoy my ignore an' the rest of your life.

Usagi, Kludge and the rest of the fuckwit parade: get lost. Only on BTCtalk people who stole thousands of Bitcoins from naive wannabe-investors would have the audacity to try and add to the effort of mudslinging legitimate companies over imaginary issues that in any event would not exceed in value the cost of a decent meal at a family restaurant.

The lessons to be learned here, by people who aspire to one day be investors, are, in order of importance:

A. If you are unable to follow up with the news of your investments on an at least monthly basis you are unable to be an investor. You will need to either hire a professional to manage your portfolio or else face the simple cold reality that you don't have enough money to be an investor. And yes this means you suck as a human being.

B. If you fail at something, trying to create some sort of universal agreement on replacing the inconvenient facts with some imaginary facts never works. The most you'll get is an agreement of idiots (which is convenient for everyone else because it allows easy recognition of who's holding the short IQ stick).

C. No company worth twopence will ever yield to a howler campaign. The very simple reason is that howlers are a dime a dozen, and if a dozen manages to extract a dime and a penny from a company there'll be no end of howling. So yeah, if you ever see some company yielding because some people are screaming what you're seeing is a company that will soon fold. In spite of how the howlers are really-really convinced it really works the other way around.

D. If you fuck up you're better served by humbly contacting support privately than by aggressively slinging mud publicly. Even if you get nothing at all, at least you spare yourself the publicity of your fuck-up.

And now back to your regularly scheduled trolling/drama/bs.

[usagi]

Usagi, Kludge and the rest of the fuckwit parade: get lost. Only on BTCtalk people who stole thousands of Bitcoins from naive wannabe-investors would have the audacity to try and add to the effort of mudslinging legitimate companies over imaginary issues that in any event would not exceed in value the cost of a decent meal at a family restaurant.

I do hope you're not serious. People sent you bitcoins and if you don't honor those shares you deserve a lot more than a scammer tag. The worst part is how you blame others for stealing/scamming in the same breath you state your intent to steal and scam yourself.

There are a LOT of investors on the lists I've recently gotten from GLBSE. If I have to tell people that they won't be getting X amount of bitcoins because of you, how do you think that's going to make them feel?

Oh, I notice Mircea changed his OTC rating for me from -10 to -1 and removed his libelous statements. Smart. Now don't fuck this up and you might actually get some good PR in the community for a change.

[EskimoBob]

...
Most of these folks being what, three idiots of which two are well known scammers, one's Eskimobob and one's you. Nice company, carry right on. For all intents and purposes our conversation ends here, enjoy my ignore an' the rest of your life.

Well known? Really? Only in your and usagis delusions. Can you tell me how have I scammed or lied to someone or did you pull that lie out of your pimple covered arse?
I have asked this countless times and never received any answer: Who did I scam and how?
 
The fact is that you, as a mircea popescu's sock puppet and your egomaniac master mircea have scammed your clients by deleting a asset of your ridiculous "exchange". This is a fact , no matter what angry crap you spew all over this forum and try to spin this to something else.
 You have failed your job her in so many levels, that only a complete idiot takes you seriously. MPOE-PR, you are a epic failure when it comes to PR.  Fluffygrrl (MPOE-PR), why don' you go back spamming porn sites.  

enjoy my ignore an' the rest of your life.

This is just too fkn funny

[MPOE-PR]

Usagi, Kludge and the rest of the fuckwit parade: get lost. Only on BTCtalk people who stole thousands of Bitcoins from naive wannabe-investors would have the audacity to try and add to the effort of mudslinging legitimate companies over imaginary issues that in any event would not exceed in value the cost of a decent meal at a family restaurant.

I do hope you're not serious. People sent you bitcoins and if you don't honor those shares you deserve a lot more than a scammer tag. The worst part is how you blame others for stealing/scamming in the same breath you state your intent to steal and scam yourself.

There are a LOT of investors on the lists I've recently gotten from GLBSE. If I have to tell people that they won't be getting X amount of bitcoins because of you, how do you think that's going to make them feel?

Oh, I notice Mircea changed his OTC rating for me from -10 to -1 and removed his libelous statements. Smart. Now don't fuck this up and you might actually get some good PR in the community for a change.

Lol. On one hand, your NYAN scam cost more than this entire discussion probably two or three fold.

The scammer tag request for Patrick Harnett as required by the circumstances is here: https://bitcointalk.org/index.php?topic=121915.0

Nefario already has a scammer tag. Usagi should probably get one, but the matter seems too complicated to prosecute (especially given that he's disappeared).

On the other hand, you had an MPEx account?! When did that happen even.

Get lost, seriously, you're making the other idiots look almost sane by contrast.

[MPOE-PR]

Well known? Really? Only in your and usagis delusions. Can you tell me how have I scammed or lied to someone or did you pull that lie out of your pimple covered arse?

Simmer down and let's play math. 3 of which 2 are scammers + 1 (+ 1). Kludge is one of the scammers, and he's particularly funny because he only realized he's fucked after I pointed it out to him. Usagi is the other, I imagine you need no links for that point. And so here we have, two scammers. I guess if PH shows up, or HK or whoever else we'll have 3, 4 or even more. Not like there's any shortage of scammers running around BTCTalk. Heck, even Nefario was recently astroturfing his buddy on Reddit, I guess in another coupla months we'll be seeing him too as if nothing had happened (God knows he's trying to scam FinWhatever people into giving him money).

You personally weren't in the scammer category, principally because you've not yet done anything - I have full faith that should you do something you'll probably muck it up. You were just an aside, "this angry nutty type". Sorry for not having properly spelled it out. Feel better?

[usagi]

I'm posting this here to support ongoing investigations into Martha Mcculler.
https://bitcointalk.org/index.php?topic=77268.msg862174#msg862174

The first thing to know about this person is that she is psychotic. Or psychic. However you spell the word:

http://www.cigarsmokers.com/threads/9195-PM-SPAMMER-Erin-Pavlina
http://www.erinpavlina.com/about-erin-pavlina/

As Martha McCuller she owns about a dozen domain names each with different addresses. But based on the above page (look at the photo; it's her, hell yeah): https://www.google.ca/search?q=erin+pavlina&hl=en&tbo=u&tbm=isch&source=univ&sa=X&ei=ZTXDUJnmFZCamQX9jICwBQ&sqi=2&ved=0CD0QsAQ&biw=1440&bih=771

Who would have guessed that this asshole who accuses people of scamming is herself not only scamming people out of their assets on MPEX, but is a professional scammer (oops.. I mean, psychic).

No, really -- the more I look the more real scamming I see. I quote:
http://andrewlynch.net/2009/08/07/update-on-erin-pavlina-and-why-i-disagree-with-what-she-does-so-much/
"...Erin has $500 of my money and I am still wincing from the pain of being ripped-off by paying for one of her psychic readings. I wish I had done more research before I went through with it – the problem is that people paying psychics are vulnerable and really want to believe in this bs. Usually I am a rational person but I got totally duped by the false promises on her website. So I would be grateful if you would please publish this comment as a big warning to anyone thinking of buying a reading from this lady – DON’T DO IT!! It feels like rape."

and

"Erin uses cold-reading techniques to give the outward appearance of being a psychic medium, and all the content on her website and her blog is carefully constructed to uphold this appearance, as people will come to her already believing she is psychic, making her job much easier as a result, as they will mould what she says into something that fits their reality."

[MPOE-PR]

I'm posting this here to support ongoing investigations into Martha Mcculler.
https://bitcointalk.org/index.php?topic=77268.msg862174#msg862174

The first thing to know about this person is that she is psychotic. Or psychic. However you spell the word:

http://www.cigarsmokers.com/threads/9195-PM-SPAMMER-Erin-Pavlina
http://www.erinpavlina.com/about-erin-pavlina/

As Martha McCuller she owns about a dozen domain names each with different addresses. But based on the above page (look at the photo; it's her, hell yeah): https://www.google.ca/search?q=erin+pavlina&hl=en&tbo=u&tbm=isch&source=univ&sa=X&ei=ZTXDUJnmFZCamQX9jICwBQ&sqi=2&ved=0CD0QsAQ&biw=1440&bih=771

Who would have guessed that this asshole who accuses people of scamming is herself not only scamming people out of their assets on MPEX, but is a professional scammer (oops.. I mean, psychic).

No, really -- the more I look the more real scamming I see. I quote:
http://andrewlynch.net/2009/08/07/update-on-erin-pavlina-and-why-i-disagree-with-what-she-does-so-much/
"...Erin has $500 of my money and I am still wincing from the pain of being ripped-off by paying for one of her psychic readings. I wish I had done more research before I went through with it – the problem is that people paying psychics are vulnerable and really want to believe in this bs. Usually I am a rational person but I got totally duped by the false promises on her website. So I would be grateful if you would please publish this comment as a big warning to anyone thinking of buying a reading from this lady – DON’T DO IT!! It feels like rape."

and

"Erin uses cold-reading techniques to give the outward appearance of being a psychic medium, and all the content on her website and her blog is carefully constructed to uphold this appearance, as people will come to her already believing she is psychic, making her job much easier as a result, as they will mould what she says into something that fits their reality."

That's a whole new level of batshit right there. Quoting it just in case you go back on your meds and delete all your posts again.

[usagi]

I'm posting this here to support ongoing investigations into Martha Mcculler.
https://bitcointalk.org/index.php?topic=77268.msg862174#msg862174

The first thing to know about this person is that she is psychotic. Or psychic. However you spell the word:

http://www.cigarsmokers.com/threads/9195-PM-SPAMMER-Erin-Pavlina
http://www.erinpavlina.com/about-erin-pavlina/

As Martha McCuller she owns about a dozen domain names each with different addresses. But based on the above page (look at the photo; it's her, hell yeah): https://www.google.ca/search?q=erin+pavlina&hl=en&tbo=u&tbm=isch&source=univ&sa=X&ei=ZTXDUJnmFZCamQX9jICwBQ&sqi=2&ved=0CD0QsAQ&biw=1440&bih=771

Who would have guessed that this asshole who accuses people of scamming is herself not only scamming people out of their assets on MPEX, but is a professional scammer (oops.. I mean, psychic).

No, really -- the more I look the more real scamming I see. I quote:
http://andrewlynch.net/2009/08/07/update-on-erin-pavlina-and-why-i-disagree-with-what-she-does-so-much/
"...Erin has $500 of my money and I am still wincing from the pain of being ripped-off by paying for one of her psychic readings. I wish I had done more research before I went through with it – the problem is that people paying psychics are vulnerable and really want to believe in this bs. Usually I am a rational person but I got totally duped by the false promises on her website. So I would be grateful if you would please publish this comment as a big warning to anyone thinking of buying a reading from this lady – DON’T DO IT!! It feels like rape."

and

"Erin uses cold-reading techniques to give the outward appearance of being a psychic medium, and all the content on her website and her blog is carefully constructed to uphold this appearance, as people will come to her already believing she is psychic, making her job much easier as a result, as they will mould what she says into something that fits their reality."

That's a whole new level of batshit right there. Quoting it just in case you go back on your meds and delete all your posts again.

Right, because the photo of fluffygrrl and erin pavlina so totally don't look at all alike ;-) And you so totally didn't own the domain name for the book spam or any of the other websites ;-)

[guruvan]

OK.

So, I will leave it at: MPEx is stealing assets from anyone who didn't have the "good sense" to run a STAT on Dec 1.

Because I failed to "contact support" before posting a question in a thread, and THEN I got irritated at the bullshit found for an answer from MPOE-PR, I will have my assets stolen. If MPOE-PR wasn't such an arrogant, stubborn fuckwit, "she" could see I didn't start the shitstorm....She did, with her own failure to recognize the difference between a question and an accusation.

The level of your disdain you have for your customers is sheerly fucking amazing. Good way to sell your service to others. I'll be sure to recommend you.

[Deprived]

I have an amusing theory.  Only a theory, but one consistent with the known facts.

MP doesn't own any Giga bonds.

Let's look at the known facts:

MP bought a bunch of Giga
MP ran a pass-through based on those bonds
MP was apparently not making any profit from those bonds (claimed by MPOE-PR) other than any extra custom it brought in MPEX' direction.
MP had a very low opinion of securitiess on GLBSE and of GLBSE itself - and actively sought opportunities to short them.

So isn't the obvious scenario that those giga bonds were sold on the market and the pass-through effectively acted as a short on them with the following benefits over a 'normal' short:

No expiry date or means for the short to be recalled/expired.
No premium paid on dividends or up-front.

With the upgrade pending to teramining there was no conceivable way this could fail to profitable - as the pass-through obviously wouldn't upgrade and then the bonds would sink to near zero value (and cost to mantain) and could be bought back on the market at bargain-basement prices and the issue closed out.

Only way this could possibly go wrong is if for some unforeseen reason there was suddenly a requirement to prove ownership.  And that's what just happened.

There's no way to PROVE this is what happened if MP claims he hasn't even registered a claim with GLBSE - that is until the total bonds claimed gets so near to the actual outstanding ones that there's no longer enough unclaimed yet to cover the ones supposedly held by MPEX.

Using the pass-through as a means to short makes a lot of sense.  It's consistent with all the known facts.  But is it the truth?  I don't know - but it's an amusing theory if nothing else.  And of course it's very easy to disprove (if untrue) - just needs MP to submit an email/BTC address to GLBSE and have Giga confirm that the correct number of bonds is associated with that address.

[Bitcoin Oz]

Usagi, Kludge and the rest of the fuckwit parade: get lost. Only on BTCtalk people who stole thousands of Bitcoins from naive wannabe-investors would have the audacity to try and add to the effort of mudslinging legitimate companies over imaginary issues that in any event would not exceed in value the cost of a decent meal at a family restaurant.

Hate to break it to you or you didnt actually read what Kluge said, but he was defending you.

Reading comprehension fail.

[ciuciu]

I have an amusing theory.  Only a theory, but one consistent with the known facts.

MP doesn't own any Giga bonds.

Let's look at the known facts:

MP bought a bunch of Giga
MP ran a pass-through based on those bonds
MP was apparently not making any profit from those bonds (claimed by MPOE-PR) other than any extra custom it brought in MPEX' direction.
MP had a very low opinion of securitiess on GLBSE and of GLBSE itself - and actively sought opportunities to short them.

So isn't the obvious scenario that those giga bonds were sold on the market and the pass-through effectively acted as a short on them with the following benefits over a 'normal' short:

No expiry date or means for the short to be recalled/expired.
No premium paid on dividends or up-front.

With the upgrade pending to teramining there was no conceivable way this could fail to profitable - as the pass-through obviously wouldn't upgrade and then the bonds would sink to near zero value (and cost to mantain) and could be bought back on the market at bargain-basement prices and the issue closed out.

Only way this could possibly go wrong is if for some unforeseen reason there was suddenly a requirement to prove ownership.  And that's what just happened.

There's no way to PROVE this is what happened if MP claims he hasn't even registered a claim with GLBSE - that is until the total bonds claimed gets so near to the actual outstanding ones that there's no longer enough unclaimed yet to cover the ones supposedly held by MPEX.

Using the pass-through as a means to short makes a lot of sense.  It's consistent with all the known facts.  But is it the truth?  I don't know - but it's an amusing theory if nothing else.  And of course it's very easy to disprove (if untrue) - just needs MP to submit an email/BTC address to GLBSE and have Giga confirm that the correct number of bonds is associated with that address.

I'm sure this theory is true. A spammer is always a scammer.

[Deprived]

I have an amusing theory.  Only a theory, but one consistent with the known facts.

MP doesn't own any Giga bonds.

Let's look at the known facts:

MP bought a bunch of Giga
MP ran a pass-through based on those bonds
MP was apparently not making any profit from those bonds (claimed by MPOE-PR) other than any extra custom it brought in MPEX' direction.
MP had a very low opinion of securitiess on GLBSE and of GLBSE itself - and actively sought opportunities to short them.

So isn't the obvious scenario that those giga bonds were sold on the market and the pass-through effectively acted as a short on them with the following benefits over a 'normal' short:

No expiry date or means for the short to be recalled/expired.
No premium paid on dividends or up-front.

With the upgrade pending to teramining there was no conceivable way this could fail to profitable - as the pass-through obviously wouldn't upgrade and then the bonds would sink to near zero value (and cost to mantain) and could be bought back on the market at bargain-basement prices and the issue closed out.

Only way this could possibly go wrong is if for some unforeseen reason there was suddenly a requirement to prove ownership.  And that's what just happened.

There's no way to PROVE this is what happened if MP claims he hasn't even registered a claim with GLBSE - that is until the total bonds claimed gets so near to the actual outstanding ones that there's no longer enough unclaimed yet to cover the ones supposedly held by MPEX.

Using the pass-through as a means to short makes a lot of sense.  It's consistent with all the known facts.  But is it the truth?  I don't know - but it's an amusing theory if nothing else.  And of course it's very easy to disprove (if untrue) - just needs MP to submit an email/BTC address to GLBSE and have Giga confirm that the correct number of bonds is associated with that address.

I'm sure this theory is true. A spammer is always a scammer.

Even if that theory is true it doesn't of itself make it a scam.  It would only have been a scam if the contract wasn't honoured - e.g. if the contract stated the Giga bonds had to be kept (rather than just paying out to mirror the performance of actual bonds).  It'd be like running a fixed-rate mining bond without actual hardware - same benefit (a loss) for investors and less hassle/similar profit for the operator.  Nothing intrinsically scammy about it - obviously then stopping paying dividends/deleting the asset data is a different issue: as that implies actual possession of the Giga bonds (as if they'd been shorted and the contract was for "benefits equivalent to" rather than "benefits from" then there'd be no reason to stop paying if GLBSE got closed, giga got adbucted by aliens or whatever).

[MPOE-PR]

Hate to break it to you or you didnt actually read what Kluge said, but he was defending you.

Reading comprehension fail.

I don't care what he was doing.

[guruvan]

I have an amusing theory.  Only a theory, but one consistent with the known facts.

MP doesn't own any Giga bonds.

Let's look at the known facts:

MP bought a bunch of Giga
MP ran a pass-through based on those bonds
MP was apparently not making any profit from those bonds (claimed by MPOE-PR) other than any extra custom it brought in MPEX' direction.
MP had a very low opinion of securitiess on GLBSE and of GLBSE itself - and actively sought opportunities to short them.

So isn't the obvious scenario that those giga bonds were sold on the market and the pass-through effectively acted as a short on them with the following benefits over a 'normal' short:

No expiry date or means for the short to be recalled/expired.
No premium paid on dividends or up-front.

With the upgrade pending to teramining there was no conceivable way this could fail to profitable - as the pass-through obviously wouldn't upgrade and then the bonds would sink to near zero value (and cost to mantain) and could be bought back on the market at bargain-basement prices and the issue closed out.

Only way this could possibly go wrong is if for some unforeseen reason there was suddenly a requirement to prove ownership.  And that's what just happened.

There's no way to PROVE this is what happened if MP claims he hasn't even registered a claim with GLBSE - that is until the total bonds claimed gets so near to the actual outstanding ones that there's no longer enough unclaimed yet to cover the ones supposedly held by MPEX.

Using the pass-through as a means to short makes a lot of sense.  It's consistent with all the known facts.  But is it the truth?  I don't know - but it's an amusing theory if nothing else.  And of course it's very easy to disprove (if untrue) - just needs MP to submit an email/BTC address to GLBSE and have Giga confirm that the correct number of bonds is associated with that address.

He shorted pirate with his pirate.synth fund -  an (illegal in the EU) naked credit default swap.

[ciuciu]

I have an amusing theory.  Only a theory, but one consistent with the known facts.

MP doesn't own any Giga bonds.

Let's look at the known facts:

MP bought a bunch of Giga
MP ran a pass-through based on those bonds
MP was apparently not making any profit from those bonds (claimed by MPOE-PR) other than any extra custom it brought in MPEX' direction.
MP had a very low opinion of securitiess on GLBSE and of GLBSE itself - and actively sought opportunities to short them.

So isn't the obvious scenario that those giga bonds were sold on the market and the pass-through effectively acted as a short on them with the following benefits over a 'normal' short:

No expiry date or means for the short to be recalled/expired.
No premium paid on dividends or up-front.

With the upgrade pending to teramining there was no conceivable way this could fail to profitable - as the pass-through obviously wouldn't upgrade and then the bonds would sink to near zero value (and cost to mantain) and could be bought back on the market at bargain-basement prices and the issue closed out.

Only way this could possibly go wrong is if for some unforeseen reason there was suddenly a requirement to prove ownership.  And that's what just happened.

There's no way to PROVE this is what happened if MP claims he hasn't even registered a claim with GLBSE - that is until the total bonds claimed gets so near to the actual outstanding ones that there's no longer enough unclaimed yet to cover the ones supposedly held by MPEX.

Using the pass-through as a means to short makes a lot of sense.  It's consistent with all the known facts.  But is it the truth?  I don't know - but it's an amusing theory if nothing else.  And of course it's very easy to disprove (if untrue) - just needs MP to submit an email/BTC address to GLBSE and have Giga confirm that the correct number of bonds is associated with that address.

He shorted pirate with his pirate.synth fund -  an (illegal in the EU) naked credit default swap.

I know why there are not many complains in this thread. In fact nobody bought his shit, except for his former fan guruvan. Mods, what is the decision?

[Bugpowder]

I'll chime in here because prior to the collapse, I owned over 1,000,000 F.GIGA.ETF shares. Once the upgrade path was clarified by MP in #bitcoin-assets, I immediately sold them all at a 35% loss, only to see them bounce again as more people bought in without thinking.

MP was direct and upfront about the terms of the contract when asked.  I made the wrong assumption and paid for it. Was I pissed, yes!  But, I didn't do standard due diligence.  I don't think I was scammed, I think I was stupid for not asking questions about how the security would operate in a situation that was outside of the cases presented in the contract, PRIOR to making my investment.

This is a similar situation. People bought in hoping to exchange them for a major profit because the price was highly depressed, but didn't do their homework first.  All you had to do was do the smallest bit of research into F.GIGA.ETF prior to pulling the trigger on your purchase. If you didn't, SOLD TO YOU.

There is no scam here. Just a representation of the classic situation in all real-world finance.  If you can't figure out who the sucker is in the room, it's you. Buyers screwed themselves by not doing DD.  MPEx is the only exchange I have any confidence in and if MP gets a scammer tag, this forum is really clueless.

[Bugpowder]

I have an amusing theory.  Only a theory, but one consistent with the known facts.

MP doesn't own any Giga bonds.

Let's look at the known facts:

MP bought a bunch of Giga
MP ran a pass-through based on those bonds
MP was apparently not making any profit from those bonds (claimed by MPOE-PR) other than any extra custom it brought in MPEX' direction.
MP had a very low opinion of securitiess on GLBSE and of GLBSE itself - and actively sought opportunities to short them.

So isn't the obvious scenario that those giga bonds were sold on the market and the pass-through effectively acted as a short on them with the following benefits over a 'normal' short:

No expiry date or means for the short to be recalled/expired.
No premium paid on dividends or up-front.

With the upgrade pending to teramining there was no conceivable way this could fail to profitable - as the pass-through obviously wouldn't upgrade and then the bonds would sink to near zero value (and cost to mantain) and could be bought back on the market at bargain-basement prices and the issue closed out.

Only way this could possibly go wrong is if for some unforeseen reason there was suddenly a requirement to prove ownership.  And that's what just happened.

There's no way to PROVE this is what happened if MP claims he hasn't even registered a claim with GLBSE - that is until the total bonds claimed gets so near to the actual outstanding ones that there's no longer enough unclaimed yet to cover the ones supposedly held by MPEX.

Using the pass-through as a means to short makes a lot of sense.  It's consistent with all the known facts.  But is it the truth?  I don't know - but it's an amusing theory if nothing else.  And of course it's very easy to disprove (if untrue) - just needs MP to submit an email/BTC address to GLBSE and have Giga confirm that the correct number of bonds is associated with that address.

I'm sure this theory is true. A spammer is always a scammer.

Even if that theory is true it doesn't of itself make it a scam.  It would only have been a scam if the contract wasn't honoured - e.g. if the contract stated the Giga bonds had to be kept (rather than just paying out to mirror the performance of actual bonds).  It'd be like running a fixed-rate mining bond without actual hardware - same benefit (a loss) for investors and less hassle/similar profit for the operator.  Nothing intrinsically scammy about it - obviously then stopping paying dividends/deleting the asset data is a different issue: as that implies actual possession of the Giga bonds (as if they'd been shorted and the contract was for "benefits equivalent to" rather than "benefits from" then there'd be no reason to stop paying if GLBSE got closed, giga got adbucted by aliens or whatever).

I think you are on the right track here.  MP definitely wanted to short the piss out of any GLBSE asset.  Also the total number of F.GIGA.ETF shares available on the market was over 900,000 (which was the original IPO level).  I know because I tried to corner the market but ran out of funds around 1.2M shares. The question is, was this term of the contract violated "The Owner will never own less shares of the underlying than the total float of this asset implies."

[MPOE-PR]

I think you are on the right track here.  MP definitely wanted to short the piss out of any GLBSE asset.  Also the total number of F.GIGA.ETF shares available on the market was over 900,000 (which was the original IPO level).  I know because I tried to corner the market but ran out of funds around 1.2M shares. The question is, was this term of the contract violated "The Owner will never own less shares of the underlying than the total float of this asset implies."

MP has a long history of shorting idiocy, which has something to do with GLBSE only in the sense that a lot of it was gathering there at some time. Short assets were however marked/described as such, and synthetics idem (such as for instance pure.synth, which was incidentally unwound in an orderly fashion a while back).

[jamesg]

I have asked Mircea to claim again. Below is the chat log from IRC.

Code:

<mircea_popescu> sup
<gigavps> payments have resumed
<gigavps> for verified claims
<mircea_popescu> cool!
<gigavps> please send in your info so i don't have to deal with your delisting mess
<mircea_popescu> that's done already.
<gigavps> what?
<mircea_popescu> the delisting ? back in wherever it was, 1st of december ?
<mircea_popescu> it's done, dealt with, water under the bridge.
<gigavps> so you are not going to claim and keep paying your mpex clients?
<mircea_popescu> i'm really not going to rehash this two months later either.
<gigavps> ok, just making sure
<gigavps> i'll make a post about it
<gigavps> mind if I use this log on the forums?
<mircea_popescu> *shrug*
<gigavps> https://bitcointalk.org/index.php?topic=129544
<gigavps> that thread was started by ppl who hold your ETF
<gigavps> in it, -pr said things would be taken care of regarding fiduciary duty and such
<gigavps> so if you wanted, you could make the payments yourself
<gigavps> https://virtualprocessingsolutions.com/
<gigavps> has a list of the per unit output
<gigavps> 2012-10-08 would start the backlog
<mircea_popescu> alrighty. there's the rota process for people who are interested in it, no big deal.
<gigavps> ok, let me just ask again, do you mind if I post this chat in the forums?
<mircea_popescu> nope
<gigavps> awesome, thanks