Onus & Remedy in Scam Accusation Threads

[Deprived]

First part sent.  Unfortunately formatting isn't too clear - as some quoted posts are from a locked thread where I can't 'quote' then copy/paste to get the codes.

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1. There must be a clear victim.

The mods have said the same thing countless times. In trhe EskimoBob/YARR thread, badbear ruled that there must be financial loss

Just because everyone says something doesn't make it right.  If theymos and the other mods jumped off a bridge would you do it too?  I thought the point of this thread was to establish new rules for the scammer tag as the old ones were ill-defined/not working out.  As the OP what do you have in mind for the purpose of this thread?

[usagi]

Usgai your continued Obfuscation will not work here. Nor will I repeat myself to aid in your Obfuscation.

Usagi: We used fair value accounting as stated in our contract. Here's the proof (interviews, conversations where valuation was discussed)
BCB: Usagi has admitted he incorrectly valued the holdings, he should have used liquidation value.
Usagi: No, that's not what I said, are you misrepresenting me? I said, we had a mandate to buy and hold; fair value accounting specifically states that liquidation value will not be used.
BCB: Usagi is just like pirate. he can't bully me. He is a terrible fund manager. he is delusional and a liar.
Usagi: I refuse to deal with someone who treats me unfairly and in a hostile manner.

BCB:

Usgai your continued Obfuscation will not work here. Nor will I repeat myself to aid in your Obfuscation.

[BCB]

Usagi

In your opinion you used "fair market value".  That is what "third parties" are disputing.

Why is your "proof" in a parenthetical undocumented clause?

Because you have no facts to back up you claims. And if you can't support your claims with facts there are not true. You even admit to destroying/deleting material evidence.

I repeat. This is not looking good for you.

Thank you for restating my current summation.

[usagi]

Why is your "proof" in a parenthetical undocumented clause?

Because these scam accusation threads have been going on for months. Months. Maybe you just got here but I am sick and tired of posting the same stuff over and over.

You said it yourself:

Because you have no facts to back up you claims.

No, it's because you're not worth my time. I said "(interviews, conversations where valuation was discussed)"

1. Interviews. If you're saying I didn't conduct the interviews you're an idiot. If you are stating I have no proof that I conducted the interviews, you're also an idiot. Just ask friedcat, juan, garr or GivaVPS if I conducted interviews. I could also post them here, but for the fact you have hijacked a thread to troll your garbage.

2. Conversations where valuation was discussed.
You have been provided links to the specific conversation in which valuation was discussed. All information has already been discussed -- to death -- for months. here are a few threads you may be interested in:
https://bitcointalk.org/index.php?topic=85444.msg1169998#msg1169998
In this thread, the problem of CPA's finances was discussed. On the same page, this post (https://bitcointalk.org/index.php?topic=85444.msg1172003#msg1172003) by puffn is the first statement that CPA may be bankrupt. it was NOT ME who was making these claims. I vigorously tried to stop people from saying that. The fact I have to put up with deprived and others now claiming it was me who said that and who was trying to crash the value of my company is proof that the claims against me are without merit. it wasn't me who was trying to crash the companies, it was others. I was doing my best. Yet you call me delusional?

Do you know how long this has been going on? Everything we are talking about has been covered here:
https://bitcointalk.org/index.php?topic=113494.msg1228275#msg1228275

And, here is the original thread vampire quoted you again since you appear to be blind:
https://bitcointalk.org/index.php?topic=112734.msg1225674#msg1225674

In the same thread, even ian bakewell admits my valuation at ask price is correct:
** https://bitcointalk.org/index.php?topic=112734.msg1227182#msg1227182

You see you need to understand that some people like Ian, tried to defraud me and backed out of a contract in a hostile manner. This is a fact, please see the evidence at: https://bitcointalk.org/index.php?topic=133362.0

Since this time, Ian in particular changed from the nice person he was in the thread marked ** above into a major troll. As it turns out he is not a trustworthy person and is involved in three separate scam accusations now; one, ripping off CPA by breaking a contract, two, not processing BMF's claim of 432 shares, and C) using unissued or company shares to vote. These are facts and they are relevant to Ian in particular's attitude to me. Ian himself is relevant because he was one of the people in addition to puffn who was claiming we were bankrupt/insolvent.

These are relevant facts. They are not opinion.

And if you can't support your claims with facts there are not true. You even admit to destroying/deleting material evidence.

You are lying, I did not admit to destroying material evidence. I told you three times I had reposted it and given you a link to the BMF holdings. Here for instance https://bitcointalk.org/index.php?topic=133168.0
that's not an opinion the holdings are listed there.

I repeat. This is not looking good for you.

Thank you for restating my current summation.

I repeat; you are as biased as puppet and deprived. You either can't, or won't, see what is going on here.

[usagi]

NOTE: This was published on the forums, the company webpage, and not least of all GLBSE. All investors saw it and had the opportunity to read it before investing.
-----

NYANCAT FINANCIAL

I. Investment Hypothesis:
Nyancat Financial is a financial services company listing the GLBSE. We allow investors to make investment choices based on risk as well as interest rate, allowing you to take on as much (or as little) risk as you want.
Investment income from NYAN.A, NYAN.B, and NYAN.C is pooled. NYAN.A is paid 0.01 bitcoins per share. NYAN.B is paid 0.02 bitcoins per share, and the rest of the money is paid to NYAN.C.

The sector and risk profile is:
1. NYAN: equal (proportional) exposure to A, B and C funds
2. NYAN.A: Mining, insured investments, and other extremely low risk securities.
3. NYAN.B: Proven bitcoin-only businesses which are not mining, and not pirate.
4. NYAN.C: Pirate, OBSI.HRPT, and other unproven, high risk strategies.

II. Operations of NYAN
Nyancat Financial is a bitcoin-only financial services company. We perform various financial services for our customers including bitcoin deposit accounts, bitcoin brokerage services, bitcoin securities, bitcoin trusts, and bitcoin loans. Our operations are collected into, and segregated by, the wholly owned bitcoin only bonds NYAN.A, NYAN.B and NYAN.C. Our operations in NYAN are simple and transparent. We are a bitcoin only company; we do not use leverage and we retain 100% backing of all customer deposits. By assigning and guaranteeing risk to the various securities in addition to interest rate, we allow investors to make decisions based on risk versus reward in a completely open and transparrent manner separate from the underlying securities backing the issues. If you do not see in NYAN.A, NYAN.B or NYAN.C a risk/reward profile that fits your investment strategy please contact us. We will custom-create an investment portfolio that matches your needs. We are capable of managing offline portfolios which do not expose themselves to company risk of specific institutions such as GLBSE, MtGOX, BTC-E, MPOE, Bitcoinia, and so forth.

III. Nyancat Financial Contract for NYAN (Parent Company)
1. Nyancat Financial ("NYAN") holds only NYAN.A, NYAN.B and NYAN.C, and does not hold any other stock or bond.
2. NYAN will act to balance it's ownership of NYAN.A, NYAN.B and NYAN.C by buying and selling shares.
3. NYAN will open custom accounts for customers based on a customer's desired risk and reward profile.
   o Standard requirements are what interest rate the customer wants, how frequent payouts will be, and how much risk they want to take on.
4. Nyancat Financial's operations and balance sheets will be made fully transparent to the public and backed up by signed statements from our backers where appropriate.
5. Company Risk will be mitigated by installing a dead man's switch: If the operator becomes incapable of paying out dividends, someone else will step in to do it.
6. Company Risk will be mitigated by installing a default switch: if Nyancat Financial defaults on this contract, the institutions which we hold money with will be authorized to pay out the value of our holdings to shareholders on our behalf.
7. Nyancat financial pays weekly dividends, to be paid within 30 days of the end of any unpaid calendar week.

Nyancat Financial Contract for NYAN.A (Low-Risk/Insured Fund)

• The Low-Risk/Insured Fund ("NYAN.A") profits solely from investment in, and ownership of, high quality mining securities, insured investment vehicles, and other extremely low risk securities.
• Investments are chosen entirely based on their risk profile; we seek insured investments and very low risk investments only.
• NYAN.A will pay 0.01 per week in dividends.
• The value of NYAN.A shares is guaranteed by CPA and NYAN against capital loss via the reasonably timely maintenance of a bidwall at 0.99 bitcoins per fund unit.
• The dividend interest rate is guaranteed by CPA. If NYAN is unable to pay a dividend of 0.01 on NYAN.A, CPA will pay it.
• Holders of NYAN.A are guaranteed first claim to any holdings, bitcoins or other assets of NYAN.
• Dividends are paid weekly, to be paid within 30 days of the end of any unpaid calendar week.

Nyancat Financial Contract for NYAN.B (Balanced Risk Fund)

• The Balanced Risk Fund ("NYAN.B") profits solely from investment in, and ownership of, bitcoin businesses which are not mining operations and not exposed to "pirate".
• Investments are chosen entirely based on sector; we seek to invest in the bitcoin community at large; but again, no mining, and no pirate.
• NYAN.B will pay as dividend from the pool of A, B and C the lesser of 0.02 bitcoins per fund unit and the amount remaining after NYAN.A pays dividends.
• Holders of NYAN.B are guaranteed second claim (after holders of NYAN.A) to any holdings, bitcoins or other assets of NYAN.
• Dividends are paid weekly, to be paid within 30 days of the end of any unpaid calendar week.

Nyancat Financial Contract for NYAN.C (High Risk Fund)

• The High-Risk Fund ("NYAN.C") profits solely from investment in, and ownership of, high-yield securities.
• Investments are chosen entirely based on their interest rate without regard to the risk profile.
• NYAN.C will be paid whatever isn't paid to NYAN.A and NYAN.B.
• Holders of NYAN.C are guaranteed no rights or claim to any assets of NYAN, NYAN.A, or NYAN.B.
• Dividends are paid weekly, to be paid within 30 days of the end of any unpaid calendar week.

[/list][/list][/list]

[usagi]

Nyancat Financial Statement of Operations for 2012 Week #31 (July 29th to August 4th)

Pooled from A:    0.0000
Pooled from B:    6.0000
Pooled from C:    0.2000

Paid to A: 5.75 (0.01/unit) 1%
Paid to B: 0.45 (0.00081227/unit) 0.0812%
Paid to C: 0.00 (0.00/unit) 0%

Paid NYAN: 5.00 (0.00324464/share) 0.3%


Management Guidance:
This week's dividends were out of only one day of operations. As a result, while there was certainly enough money to pay A one way or the other, there wasn't much left over to pay B or C. Dividends to NYAN holders were therefore also adversely affected.

I had debated whether or not to pay dividends since the first week was so short. I decided to pay to exercise the system I had set up to calculate the dividends. Things went relatively well and I have developed a general procedure to help guide the system a little more. Here's how we will be doing it:

a. On Friday or Saturday, all unit and share sales will be canceled.
b. On Sunday, dividends will be calculated and paid according to the contracts (automated by the spreadsheets on the Nyancat Financial holdings & NAV page).
c. A financial statement such as this one will be published.
d. Asks will be placed for sale of units no later than monday.


This means that you won't be able to buy shares of the funds or parent company 1 or 2 days before the dividend. This helps protect shareholders and helps protect their income from holding shares and units in Nyancat Financial. If you want me to restrict share sales further, speak up. Is it fair that people can buy on a friday and receive full dividends? Well in a way, the market should take care of this by raising the price slowly as dividend day approaches. Please share your thoughts.

Guidance for Week #32 (August 5th to August 11th)
(Note: Guidance contains forward looking statements and does not represent a guarantee.)

We expect gross dividends to be about 10x higher than Week #31. Expected Dividends for A, B and C are 1%, 2% and 9%.

Finally I would like to add that Nyancat Financial will incurr a one-time expense for the development of a logo and banner add. This cost should be no more than 15 to 20 bitcoins. This fee will be paid by Nyancat Financial; the unitholders in A, B and C will not be affected. I may try to spread this out over 2 weeks to minimize the impact to shareholders. In any case I will structure it in such a way as your dividends will tend to increase over time.

[usagi]

NYANCAT FINANCIAL: YOUR FRIEND FOR LIFE

Nyancat Financial Weekly Letter to Shareholders
August 12th, 2012

Greetings, shareholders!

What a week!

NYAN   paid 2.70%
NYAN.A paid 1.00%
NYAN.B paid 2.00%
NYAN.C paid 8.62%

All NAVs have been reset to 1. If you are interested in buying, a maximum ask of 1,000 shares has been placed at 1 bitcoin for each security for this week.

The Week in Review:
NYAN got off to a spectacular start, with shares of NYAN.C. selling out by wednesday and aftermarket action as high as 50x1.50, although most aftermarket shares went for around 1.07. The market felt NYAN.C would not be able to beat the Pirate standard but expectations were blown out of the water by an 8.62% dividend for those that bought in at 1 bitcoin on Sunday and Monday.

This week we had an unfortunate event, the triple whammy of BMF crashing from 1.0/share to 0.72, and both ZIP.A and REBATE being halted pending an investigation into the neglegent management of Johnathan Ryan Owens. We will provide guidance and updates on these issues to NYAN shareholders as we receive more detailed information.

The good news is we have been trading like little devils and have purchased 500 shares of ASICMINER at a 10% discount. We have passed this value directly to our shareholders in the form of dividends this week. We have also obtained 4,200 shares of DMC for only 50 bitcoins in a special one-time "insider" trade with Diablo-D3. We will be holding on to these shares for the long term as we believe DMC shares are severely undervalued. This could prove to be a life-changing trade for shareholders of NYAN.B and NYAN. There is still time to get in, so don't panic if you haven't bought shares yet. The askwall will be maintained at 1.0 BTC until monday afternoon.

Management Expectations and Guidance:
Although our bad luck with BMF, ZIP.A and REBATE was partially balanced with our good luck getting ASICMINER and such a sweet deal on DMC, nevertheless we experienced special losses from these events. Assuming that there are no such defaults again next week we feel confident standing by dividend guidance of approximately 2.5% for NYAN, 1% for NYAN.A, 2% for NYAN.B and 9.5% for NYAN.C.

Thank you for your support,

Serena

[usagi]

NYANCAT FINANCIAL: YOUR FRIEND FOR LIFE

Nyancat Financial Weekly Letter to Shareholders
Sunday August 19th, 2012

also available at: http://www.tsukino.ca/cpa/2012-33-nyan-statement/

Hello again everyone, let's start with the good news.

NYAN   paid 1.12%
NYAN.A paid 1.00%
NYAN.B paid 2.00%

And now for the bad news, NYAN.C will not pay a dividend and has dropped in value from
1 BTC per share to 0.91. This is a result of this week's double whammy of Pirate closing
down Bitcoin Savings & Trust, and the Johnathan Ryan Owens/Alberto Armani fiasco. In many
ways "fiasco" is a good word here, both because of how it rhymes with San Fransisco, and
because it is derived from an Italian word which English people have borrowed to mean abject
failure. If I may,

> But, touching “fiasco,� D. J. obligingly tells me that there was once at Florence
> a celebrated harlequin by the name of Biancolelli, whose forte was the improvisation
> of comic harangues on any object which he might chance to hold in his hand. One
> evening he appeared on the stage with a flask (“fiasco�) in his hand. But, as ill-luck
> would have it, he failed in extracting any “funniments� out of the bottle. At last,
> exasperated, he thus apostrophised the flask: “It is thy fault that I am so stupid
> to-night. Fuori! Get out of this!� So saying, he threw the flask behind him, and
> shattered it into atoms. Since then, whenever an actor or singer failed to please an
> audience, they used to say that it was like Biancolelli’s “fiasco.�
> > Illustrated London News, 22 September 1883 (credit to Stephen Goranson).

 The Week in Review:
Essentially, what happened is that NYAN.C was going to make 9.5% or 10% this week in spite
of ZIP.A and REBATE, but when Pirate closed his doors three terrible things happened all
at the same time: One, the value of YARR shares held by NYAN.B went from 1.50 to 1, which
is not that big of a deal, NYAN.C would have paid out 7 or 8%. Two, the implied value of
PPT products went from ~1.05 to 1. This was big, but we still could pay 2 or 3%. The real
big problem is people stared panicking and selling PPT products at 0.50 bitcents on the
dollar.

At the time this happened, it was very late for me here in Asia but nevertheless I sprang
into action and started making trades. Nyancat Financial invested HEAVILY into the PPT
products which people were panic selling. I made trades. I made deals. I talked to people.
I bought and I sold. I was able to save a little. Therefore, NYAN.C is not worth 50 cents
on the dollar, it's worth 91 cents on the dollar. And thus we come to the situation on the
ground now:

1. Yes, NYAN.C is worth 0.91 and there will be no dividend this week for NYAN.C.
2. NYAN.C owns 50% of the backing of YARR. This means if Pirate returns all the coins,
NYAN.C will own 50% of the remaining backing of YARR, valued at over 1,200 coins.
3. NYAN.C will reap ALL of the benefit of buying PPT products at reduced rates. We were
able to purchase about 350 shares of various PPTs with an average price of ~0.6 per
share.

In short, If Pirate skips town, NYAN.C will lose at least 0.50 bitcoins per share.
However, if Pirate keeps his word, NYAN.C will skyrocket in value to over 1.50 per share.
 Management Expectations and Guidance:
We believe in Pirate and our advice is, don't panic. We have always advised a balanced
risk portfolio and you see this now; if you had invested in NYAN, or if you had invested
1/3rd into A, B and C now, you would be up several percentage points despite the pirate
crash. We continue to recommend a diverse portfolio consisting of all three funds, or
simply NYAN.

If you have not yet diversified into NYAN.C, now is a great time to get in. We have to be
truthful about how the market is valuing NYAN.C and sell it at 0.90, but if you feel that
Pirate will return the coins, NYAN.C is a great play on "trust pirate". On the other hand,
if you have been NYAN.C heavy we reccomend now buying .A and .B and holding NYAN.C.

If you MUST sell your PPT products or your NYAN.C holding, please sell them for what they
are worth. Don't get crushed by a temporary market panics and lose your money. If you
previously have panic sold your PPTs, just buy NYAN.C. You will in theory recoup any
losses should pirate indeed pay back the coins.

Thank you for your support, I will remain here to answer any questions you may have!

Serena

[usagi]

NYANCAT FINANCIAL: YOUR FRIEND FOR LIFE

Nyancat Financial Weekly Letter to Shareholders
Sunday August 26th, 2012

also available at: http://www.tsukino.ca/cpa/nyan/nyancat-statements/2012-34-nyan-statement/

Slow week. Special decision about NYAN.C. Let's get down to work.

NYAN   paid 1.00%
NYAN.A paid 1.00%
NYAN.B paid 2.00%
NYAN.C paid 2.18% (0.01961814 per share on a NAV of 0.90).

FUND PERFORMANCE:
NYAN.A
NYAN.A had a stable cash flow all week. We got paid 0.37 for each GIPPT so far, with
hopefully more to come, but in any case we received enough money from operations
that we didn't need to rely on NYAN.B for this week's income. Management advice is to
hold NYAN.A and buy under 1. It appears to be maturing as a rock-solid investment fund
and the support it gets from NYAN.B and NYAN.C is considerable. Given that the pirate crash
won't even take NYAN.C to zero, there doesn't seem to be a lot of risk inherent in A.

NYAN.B
B class shares had an amazing week. NYAN.B single-handedly made enough money to pay dividends
for NYAN.A and NYAN.B, with overflow into C -- not counting the money overflow from NYAN.A.
All in all we're pleased with the performance of NYAN.B. We chalk this up to making a few
good trades here and there. Due to the pirate panic we were able to snap up some shares on
the cheap, and turn them over for a rather large profit (over 100% profit in one case).
Although it was for a small number of shares so it was diluted by the rather average returns
(2%-2.5%) of the rest of the fund. Management advises that NYAN.B is a hold and that NYAN.B
is currently overbought. We recommend diversifying into NYAN.A at this time.

NYAN.C
We have little choice but to mark the assets in NYAN.C to market. Keep in mind that while
NYAN.A and NYAN.B participated in buying PPT's at reduced prices, any losses affect NYAN.C
first. Right now we've decided to mark the PPT's in NYAN.C to market at 0.5 bitcoins per
share. This has dropped the NAV of NYAN.C to 0.70. However, we have decided to pay dividends
of 2.18% even though the value of NYAN.C has gone down. There are two main reasons for this
decision. One is the very important idea that pirate has not defaulted yet. We feel this is
a market panic and that the value of NYAN.C will recover. It therefore does not make sense
to us to kill the value of NYAN.C completely and not pay dividends. Investors in NYAN.C are
advised to hold. We will continue to pay dividends on NYAN.C to mitigate your losses and
pray that pirate pays back the money. The deal here is that Pirate owes about $4-5 million
dollars worth of bitcoins, and it is completely reasonable that he take 2 to 3 weeks to
organize and begin paying back investors. One might think he has interest money from
continuing operations but this is not necessarily the case. Closing out his contracts may
have prevented him from profiting from continuing operations because there are no more
continuing operations. Once again we advise against market panic and advice investors to
HOLD NYAN.C. In fact if you believe Pirate will pay back, like we do, this is a nice time
to start accumulating NYAN.C.

NYAN
NYAN had a rough week because we lost NAV due to exposure to NYAN.C. But we are just
going to mark this stuff to market and get the pain over with. NYAN did pay a small
dividend this week and is worth about 1 now. Next week dividends should be about 1%
again, and we should be able to maintain a value close to 1 btc per share.


The Latest from Pirate:
(credit to Maged and others for posting these)
Aug. 19,  1:10am: https://bitcointalk.org/index.php?topic=101599.msg1111681#msg1111681
Aug. 19,  2:20am: https://bitcointalk.org/index.php?topic=101339.msg1111794#msg1111794
Aug. 20,  5:50pm: https://bitcointalk.org/index.php?topic=101339.msg1116828#msg1116828
Aug. 21,  2:30am: https://bitcointalk.org/index.php?topic=101339.msg1121336#msg1121336
Aug. 21, 10:00pm: https://bitcointalk.org/index.php?topic=101339.msg1121336#msg1121336
Aug. 22,  6:10am: https://bitcointalk.org/index.php?topic=101339.msg1122532#msg1122532 (The Bitlane Blowup)
Aug. 22,  6:00pm: https://bitcointalk.org/index.php?topic=101339.msg1124039#msg1124039


Ok guys, thank you for your support, I will remain here to answer any questions you may have!

Serena

==========================================

Question from BinaryMage:
Q: Last week you announced a NAV of 0.90. Will you sell NYAN.C shares at 0.90?

A: Hello BinaryMage. Last week we didn't do that and kept the ask at 1, but this week we will be selling 480 shares of NYAN.C at the nav price of 0.70. We have decided to cap outstanding shares of NYAN.C at 3,000 until the other funds reach at least 3,000 (and probably 5,000) each. This is to help NYAN.C make more money and increase it's appeal to investors. A large part of the dividends on NYAN.C are overflow from A and B, especially due to the pirate crash. In this way, we can quickly repair the value of NYAN.C. It may be a rough couple of weeks until the pirate situation resolves itself, but we feel confident that once the pain is out of the system the overflow from A and B coupled together with NYAN.C's other investments will quickly repair the value of the fund.

For example let's say pirate crashes and the NAV of .C goes to 0.25. 1% overflow from .B and 1% overflow from .A is 0.02 bitcoins per share into .C. if .C itself makes 1% then that's 1% + (1%/0.25) + (1%/0.25) or 9% weekly interest rate for NYAN.C. So you see, rushing into NYAN.C is probably a bad idea NAV wise, but considering the dividend .C is likely to pay more than .A per share even when it's NAV is much lower. In a way, we feel you should value NYAN funds by the dividend they pay and not by their NAV. So then, if .A and .B both have a NAV of 1, and B pays 2x as much, is B worth 2x as much? Valuing these things can be tricky but I suggest that you just hold .C for now, regardless of the NAV, it should pay 0.01 per share or more going forward and we feel that's not too bad.

[usagi]

NYANCAT FINANCIAL: YOUR FRIEND FOR LIFE

Nyancat Financial Weekly Letter to Shareholders
Sunday September 2nd, 2012

also available at: http://www.tsukino.ca/cpa/nyan/nyancat-statements/2012-35-nyan-statement/

Good news and bad news. First the good news.

NYAN   paid 1.20%
NYAN.A paid 1.00%
NYAN.B paid 2.00%
NYAN.C paid 4.29% (0.03 per share on a NAV of 0.70).

FUND PERFORMANCE:
NYAN.A
NYAN.A had an okay week. NYAN.A is the easiest fund in the world to maintain. Step one, look
at the top three or four funds. Step two, buy a little more. Step three, if there's any hot
deals on a miner, buy it. We're currently a little overweight in BMF, but since I manage BMF
as well I can keep a very close eye on your money. I do invest specially for NYAN.A as well,
and you can see I have picked up a few choice deals especially for you guys such as JTME and
ZETA-MINING, both of which seem to be having strong results lately. The strategy is paying
off and there is a strong overflow of funds being paid into B and C. The highlights of the
week for A are a slight restructuring that traded some PPT assets for LTC-MINING. In the
future it's our goal to increase holdings of MINING, as well as certain choice investments
in BTC-MINING, FPGAMINING, and other such companies. Our long term strategy is to hold what
mining bonds we have, while using the profits to shift into non-deterministic mining "companies".
We feel that the "share the risk, share the reward" model offers much better future value than
bonds, which tend to experience capital losses as the difficulty rises with no hope of accretive
mhash/share gain. We did add a little JAH though, because we got a really good deal on it.

NYAN.B
Once again NYAN.B shocked us by returning almost 4% for the week. Most of the deals we got
from trading happened in NYAN.B. For example we were able to pick up thousands of BIB.BVPS
shares at the lows of the week. Beside BVPS we were able to catch a ton of GSDPT around 0.003,
and we cut a deal for yet more ASICMINER at below-market prices. The key here is that since
NYAN.B is getting so large, it's easy for us to maintain positions in a variety of companies
and pick up a deal whenever it falls into our lap. I'd like to see NYAN.A get this large. It
would be good for the fund. It seems a lot of people have been buying into NYAN.B. Well, we've
definitely reached critical mass here! So thanks for your support. Now it may be time to sit
on these B-class shares for a while and pick up some NYAN.A. I have some exciting plans in
store for NYAN.A, if I can get enough capital in once place I can justify cutting a deal with
a miner at up to 20% off. It may seem like NYAN.B isn't getting much for the work it's doing.
That isn't quite true; by overflowing into NYAN.C, you are protecting yourself. NYAN.C is
walking a rather thin line. If OBSI.HRPT defaults it could go to zero or almost zero, and then
one default in A or B will start hurting B's value. So fund overflow is in fact a valuable
shield for your future in NYAN.B.

NYAN.C
PPT shares remain excessively volatile, dropping to 0.1, rising to 0.30, and setting down
again around .15. We've not been trading PPTs and have marked them to their 5 day average
prices. However, our non-pirate holdings are starting to shine as OBSI.HRPT keeps chugging
along and a nice suprise from GVMNT-BOT, gaining 40% recently. This as well as the funds'
overflow from .A and .B have enabled us to pay a nice fat dividend of 4.29% while at the
same time raising the NAV from 0.70 to 0.71 this week! That's right, we're well on the road
to recovery at NYAN.C and there will only be a minor hiccup if pirate completely defaults.
We will continue to add to our non-pirate holdings and may look to take up to 10% of our
PPT holdings off the table should the price rise above last week's highs. But the big story
this week is the 750BTC hedge with Matthew. This may seem a little counter intuitive given
that we are a high risk fund, however we faced a situation where we would drop to 0.20 per
share if we didn't do this hedge. Stabilizing the fund by making this hedge felt like the
right thing to do, and now we're in a stronger position to start trading PPTs for profit.

The key strategy with .C going forward is how we can diversify. What high risk strategies
are out there now that pirate is gone? Of course a key component will be OBSI.HRPT and the
fact that we are trading like rabbits. We feel that the potential now lies with issues like
GVMT-BOT, BIF.1YR.LOAN and V.HRL (not to mention HRPT). With these and other issues we plan
to maintain a diversified dividend over 3% per week while slowly rebuilding the portfolio's
value up to 1. Overall, NYAN.C has emerged just a little smaller, but still packing a huge
dividend punch. We will increase the NAV to .72 next week if all goes well and attempt to
continue raising the NAV by 0.01 to 0.02 per week until we're back at 1.

NYAN
There are several exciting things on the horizon for NYAN. Our mandate is that we will profit
from operations as well as holding NYAN.A, B and C. However, just what operations are these
are still under development, but we are in "talks" with "companies". We may have an announcement
about this soon. Until then, NYAN will continue paying solid, safe and secure divs based on our
holdings of A, B and C.

Any questions, please ask!

Serena

==========================================

Questions from Investors:
[questions will be added here and updated throughout the week]

[usagi]

2012-37-NYAN-statement

NYANCAT FINANCIAL: YOUR FRIEND FOR LIFE

Nyancat Financial Weekly Letter to Shareholders
Sunday September 16th, 2012

also available at: http://www.tsukino.ca/cpa/nyan/nyancat-statements/2012-37-nyan-statement/

First please allow me to apologize for not releasing a letter to shareholders last week. There is a story behind this, and it's a good one, and I felt it should be told all at once. I believe NYAN shareholders will appreciate the reasons for my silece when they read this letter.

Week 36:
NYAN   paid 0.57% (0.005 per share on NAV of .88)
NYAN.A paid 1.00%
NYAN.B paid 2.00%
NYAN.C paid 1.35% (0.005 per share on a NAV of 0.37).

Week 37:
NYAN   paid 0.47% (0.00364442 on NAV of 0.78)
NYAN.A paid 1.00%
NYAN.B paid 2.00%
NYAN.C paid 1.76% (0.00411237 per share on a NAV of 0.233).

First a quick note. CPA and NYAN. CPA and NYAN are separate companies. CPA insures NYAN.A and insures that even if NYAN.B and C go to zero, NYAN.A. will always be worth 1 bitcoin and will always pay out 0.01 a share. That is the connection between the companies. CPA holds ~1100 shares of NYAN. That's it. They are not related in any other way and transactions are kept separate. People who say that I am intertwining my companies or using them to support or prop each other up are stupid trolls. I will release my CSV for NYAN publicly if I have to. These people, these trolls, are sickeningly stupid. And some of them are probably sockpuppets. I had to ask myself, why was every troll attacking CPA last week someone new with less than 50 posts? Big clue people, big clue. I don't mind answering honest questions. But trolls can go to hell.

Ok so here is the situation.

The Good.
1. We sold out 4,000 shares of ASICMINER at about a 10% profit
2. We reduced our exposure in OBSI.HRPT and will be reducing risk in NYAN.C slowly by increasing holdings of high-yield miners at bulk purchase rates.
3. NYAN.A will have continuous and considerable obverflow starting next month because it's #1 holding (BMF) just passed a motion to double dividends.
4. We sold off all our BDT several weeks ago. Because I knew, I just knew. I don't always know, but I knew this time.
5. NYAN.A is worth 1 bitcoin per share, long and strong.
6. I donated 4,000 of my own personal CPA shares to NYAN.B as a signal to investors that I am here for you and I will not stand for bullshit in these markets, NYAN is the best, end of story. If I make NYAN the best, then I will make it all back and more when NYAN gets bigger and I make more money for running it. I thank you for your patience and your trust here.

The Bad.
1. Some of the profit from ASICMINER had already been realized as capital appreciation, so NYAN.B has a small net loss (which was covered by NYAN.C, so don't worry).
2. There is a massive liquidity crunch these days because Matthew and Pirate.
3. NYAB.B lost further money because DMC is down.
4. NYAN.B is worth .95 per share --> but don't worry, this is an accounting convention. It still pays 0.02 per share each week. We will likely make back the .05 this week and if not NYAN.A will overflow. And if not we'll take the assets from NYAN.C. Don't worry just yet.

The Ugly.
1. I have heard some asset issuers have recieved death threats because investors lost money in their funds. Get a grip pepole, that is not cool. If you cannot handle losing money investing on your own put it with a competent fund manager. And do not invest more than 10% of your money in one security.
2. Matthew defaulted. It's a pity he had to throw his reputation away like that and even worse that he will take down DCOA with him, and bitcoin magazine, etc.
3. Now that the Zeek news is out it is blatantly obvious pirate has no money. I marked all PPTs to zero and will be dumping them if possible for spare change.
4. NYAN.C is worth 0.233 per share.


So ok basically what is my plan to fix all this? For one, yes I do a lot of trading but ultimately if you have chosen to invest in a high risk security like NYAN, there is not much I can do to stop any particular other company from defaulting. If you cannot handle this level of risk I strongly suggest you invest into NYAN.A or NYAN.B. I have reccomended a balanced approach from day one. This is reflected in the number of shares NYAN holds: 817 A, 299 B, 143 C. I know many of you invest in exactly the opposite way; 800 C, and 100 A. This is bound to loose you money. High risk securities should occupy only 10 or 15% of your portfolio. A wise investment strategy will invest a majority of it's assets into highly liquid, safe securities like mining, or insured issues like nyan.a.

Again, I have said from day one in these letters, don't go balls to the wall in NYAN.C. For those of you who did not listen, I am sorry. For those of you who did listen, now is a great time to buy more NYAN.C. Please see "A NEW HOPE" below.

So for now, we will just try to get through this shitty time where literally every week 1 or 2 major companies, lenders or services blow up. Then with careful asset management and good trading skills, we can slowly raise the value of NYAN.C. On my end, i'm working hard trading here. We made 25 bitcoins trading OBSI.HRPT during the confidence crisis last week when Obsi announced he would have bad news (i.e. he had been threatened by one of his investors). Further, NYAN.A has 1200 BMF and BMF recently passed a motion which will double it's dividends to almost 4% a week (in other words, to protect your income after the block reward cut in december, withot loss of NAV). So I am working hard on that not just for BMF and CPA investors but for NYAN as well. I have also scaled back on the dividends for NYAN and NYAN.C to around 0.5%-1% per week, and I will beusing the overflow to try and repair NYAN.C.


A NEW HOPE (Management Guidance for Week 38)

JRO is out of the picture.
Pirate is out of the picture.
Weak hand lenders like hashking are gone.
Personal loans as an asset class have been discredited.
Non-transparrent securities that don't tell you what they invest in have essentially been outlawed on GLBSE.
The need for insurance has been stated very clearly. So hopefully CPA will get more business. If CPA returns to .1 NYAN.B and C will benefit greatly.
BMF has passed a motion to purchase asics which will save the life of everyone invested in NYAN and BMF in the future (and double investor's rate of return in the short term).

It's indeed a brand new day. CPA and NYAN has stood the test of fire by surviving the Pirate Panic and not folding under pressure from Matthew. going forward I have bought 70 shares of FPGAMINING at around .60 for NYAN.C, and 50 more for NYAN.A Why? because it's a high-yield miner and I want to lower the risk profile for NYAN.C from "BANANNA-F******-INSANE" to "A SHOT OF WHISKEY" or maybe "FLIRTING IN A DANCE CLUB". I know that many of you were waiting until we completely wrote pirate off to invest in NYAN.C, but let's be honest. if OBSI.HRPT folds, NYAN.C will dissapear. It's one thing to be BANNANA-F-INSANE and another to be "Sensibly High Risk". I choose the latter. We need to diversify and not be just an OBSI.HRPT passthru. That's not high risk, it's just being naieve. I think everyone can see that now, hindsight is 20/20.... Remember this is not so much a managed fund; NYAN.C just invests in whatever pays the most (as per the contract). I think it's time to reign that in just a little and invest in whatever pays the most -- given the restriction that the things we invest in need to be a little bit more transparrent and above-board. So no more "personal loans" (although we'll hold what we have) and we will accumulate more securities like GVMT-BOT and high yield miners like FPGAMINING And TYGRR.BOND-A, JTME, OBSI.1MHS, and so forth. The nature of high risk may also change. ASICMINER would be considered a high risk security in my opinion because if they are not first or experience "hiccups" the opportunity cost in hindsight will become too great to bear. For example.

And now, for those of you have read this far....

I would like to present usagi's rules for NOT losing money investing in bitcoin. Please, please, please, consider what I have to say very carefully.

---> Usagi's 10 commandments for investing on your own in the Bitcoin Stock Market <---
---> Examine every stock in your portfolio, and every stock you feel like investing and ask yourself the following questions: <---

1. Has it paid regular dividends at least six times or has it been in operation longer than six months?
YES: BUY
NO: SELL

2. Does it charge more than 10% in management fees, have more than 20% in growth or maintenance fees, or does it take growth or management fees out of money allotted to dividends?
YES: SELL
NO: BUY

3. Does this security pay more than 1% a week (and is NOT a FPGA or ASIC miner?)
Yes: SELL
No: BUY

4. Does this security tell you what it invests in or what it's business model is?
Yes: BUY
No: SELL

5. Is it a personal loan or high risk passthru, or is it provided on a "best-efforts" basis?
Yes: SELL
No: BUY

6. If it is a fund, has the fund manager failed to beat the market? (I.E. for a mining fund, have they lost more than 60% over the past 3 months?)
YES: SELL
NO: BUY

7. For mining companies or bonds, is it a fixed-rate mhash per share?
YES: SELL
NO: BUY

8. Do you have more than 10% of your money in any one company?
YES: SELL
NO: BUY

9. Did you buy it because the price went UP or DOWN recently?
YES: DO SOME RESEARCH INTO THE COMPANY FIRST
NO: THEN YOU MUST HAVE DONE SOME RESEARCH ALREADY AND ARE CONFIDENT IN YOUR OWN DECISION

10. Is the asset issuer ID verified on the GLBSE?
YES: BUY
NO: SELL

The most important thing you need as a private investor is CONVICTION. Conviction does not come from watching prices go up and down for a long time. Conviction comes from doing research, asking questions to the asset issuer, and doing the math. There is also obviously a place for skill and experience to come through and push and help you succeed here. Investing isn't easy. So there is one more question, the bonus question.

BONUS. Did I invest without doing honest research into what I am investing in?
YES: GIVE YOUR MONEY TO A COMPETENT FUND MANAGER LIKE USAGI
NO: GOOD WORK, KEEP IT UP!

There is no shame in investing with someone who has a proven track record of success. The chances you will beat someone who does money management for a living are slim to none. At least invest 10% of your money with a manager and practice trading with 10% of your money before going all in. See who comes out ahead after 2 or 3 months. Try it!Fund managers do charge money this is true but if the service they provide was worthless no one would invest. Or, if a better fund manager came along he would get bigger and everyone would go to him and the bad funds would go out of business.

Ok. I would like to state that I am on IRC a lot and I love to chat, if you want to talk about NYAN please find me on IRC or e-mail me at usagi@tsukino.ca. I will answer all your questions about NYAN.

Just ask. Thanks!

[usagi]

2012-38-NYAN-statement

NYANCAT FINANCIAL: YOUR FRIEND FOR LIFE

Nyancat Financial Weekly Letter to Shareholders
Sunday September 23rd, 2012

also available at: http://www.tsukino.ca/cpa/nyan/nyancat-statements/2012-38-nyan-statement/

Here is the payout for week 38:

Week 38:
NYAN   paid 0.53% (0.00415419 per share on NAV of 0.78). The NAV of NYAN is now 0.77 per share.
NYAN.A paid 1.00%
NYAN.B paid 2.00%
NYAN.C paid 1.48% (0.00345846 per share on NAV of 0.233). The NAV of NYAN.C is now 0.17 per share.

This week we have made a major shift to using an automatic script to value our portfolios. They are no longer valued by hand but by script. This takes a huge load off of me having to manually check prices and will enable me to make more money trading and less on data entry

Ok so here is the situation.

In general, the market acts like a fag and it's shit's retarded. Everything is down, almost without exception. The shining stars are now CPA, which has doubled in valuation to 0.06 since last week, and BMF which has now jumped to an average price of .5901. It's ironic, the companies I undervalued most by hand were my own. In general the biggest losers for the fund were FZB.A which is apparently frozen (or dying, or whatever), DMC which has dropped to 0.047 from 0.07 since being frozen, and FPGAMINING which is having trouble and has dropprd 50% (it was a major holding). As a result of this and the recent crash in OBSI.HRPT I have moved assets from NYAN.C into NYAN.A and NYAN.B to cover the loss. This is the primary reason why NYAN.C has lost 0.065 per share. However it now presents an interesting opportunity. I have spoken with Obsi and a number of other asset issuers and we now believe that the market is a coiled spring. There seems to be no compelling reason why some stocks are down 10%, 20%, 30% in some cases more. What I think is going on is a confluence of three macroeconomic factors:

1. There's no money left in the system (liquidity crisis).
a. pirate collapsed
b. as a result hashking collapsed, and likely UDN and a number of others will collapse too.

2. ASICS are coming out
a. no one wants mining bonds anymore
b. people are willing to sell down mining bonds for up to 20-30% of their true long term value because they expect to make 40% more when ASICs come out

3. Trouble on the horizon
a. There's no denying it. Something is brewing -- but WHAT? The market is spooked as hell.
b. People are freaking out. Trolls are having a heyday. Losers like puppet and deprived are expanding their operations and now attacking reputable people like Patrick Harnett and Theymos. Some guy got drunk and posted Nefario and GLBSE in scammer accusations. The world has gone insane.

Well excuse me mr. market I have something to say.

ENOUGH IS ENOUGH! I HAVE HAD IT WITH THESE MOTHERFUCKING SNAKES ON THIS MOTHERFUCKING PLANE!

I have been working feverishly behind the scenes. I can't tell you what I am doing or why but I am doing EVERYTHING I can to gain value for NYAN/A/B/C shareholders. I am trading AS IF I WAS ON A PLANE FULL OF SNAKES. That is how hard I have been working on this. And I promise that when I am done, when this is all over, I will explain what I did. I broke no rules, I broke no laws, all I did was enter numbers into a trade box. If I am right this will go down as the greatest trade in bitcoin history. It's all based on what you know. Knowledge is power, as they say.

So. What's changed in the funds? Not much. It's been a slow week (you believe me, don't you?) Well rather than give you a blow by blow, which would be boring and pointless since it didn't really affect the fund, I'll just say that I spent the week in discussions with people in the industry.. asset issuers, shareholders, GLBSE people, forum people, and so on. NYAN is currently increasing it's cash position in preparation of several new and eagerly anticipated IPOs. We may even have exclusive rights to a "certain security" which has been "discussed on the forums recently". Can't say more :/

As for NYAN.C, there is not much I can do as it's not a managed fund. All I can do is try and diversify. However looking at NYAN.C I wish to point out a few things.
1. The price of NYAN.C has remained small but pirate and matthew are not the reason anymore. We've diversified a great deal.
2. A market recovery by 10% would probably triple NYAN.C or more.
3. The overflow into NYAN.C will be significant in coming weeks due to the amount of HRPT now in A and B.
4. In 2 weeks CPA will pay dividends. I am expecting 5% to 10% depending on the liquidity situation at the time. This will likely end up overflowing into NYAN.C.

How have you done with your investments recently? Have you followed the 10 rules I set out last week? I hope so. I have to see people lose money because they made bad investment decisions. Sometimes you lose money even when you make good investment decisions. But following the rules will hopefully help limit those cases.

I remain available to answer your concerned questions regarding NYAN! You can always e-mail me at nyan@tsukino.ca or just chat here.

Good luck!

[usagi]

2012-39-NYAN-statement

NYANCAT FINANCIAL: YOUR FRIEND FOR LIFE

Nyancat Financial Weekly Letter to Shareholders
Sunday September 30th, 2012

also available at: http://www.tsukino.ca/cpa/nyan/nyancat-statements/2012-39-nyan-statement/

Here is the payout for week 39:

Week 38:
NYAN   paid 0.51% (0.00395570 per share on NAV of 0.77). The NAV of NYAN is now 0.78 per share.
NYAN.A paid 1.00%
NYAN.B paid 2.00%
NYAN.C paid 0.53% (0.00090225 per share on NAV of 0.17). The NAV of NYAN.C is now 0.18 per share.

This week we have regretted making last week's major shift to using an automatic script to value our portfolios. Thus we will return to the old way of valuing using RMV (Real Market Value) and not NAV-as-spot-price. However, we will still publish spot price figures because I think that pulling data directly from GLBSE is kind of cool.

Simplification Week
This week was Simplification Week. NYAN was unwound as were many small positions. HRPT was moved out of A and B back to C. Shares were bought back en-masse (I actually bought back too many shares and had trouble paying this week's div. Next week will be fine.) Holdings of NYAN.A have been converted to BMF, to add stability to NYAN.A.

NYAN
After buying back almost 1,500 bicoins worth of NYAN-related securities over the past 2 weeks (900 NYAN and almost 600 NYAN.A and NYAN.B iirc), I've decided to close the NYAN ticker symbol. It will now enter a long-term process of liquidation in which it will pay approximately 0.5% to 0.7% per week and buy back shares. The NAV is currently 0.79 and this will go up as it buys back shares (even if it buys back shares at 1). CPA will accelerate this process from time to time; please feel free to put shares up for sale in the low .80's and we'll see about buying them out as time goes by. The NAV will slowly increase back to 1, so keep an eye on that as well. Any reasonable bids on NYAN will be taken and used to buy out NYAN.B.

The wind-down was done by returning all the shares in NYAN to their respective funds (save 250 NYAN.A to maintain the NAV). There was enough NYAN.B in NYAN to warrant returning about 3,500 shares of CPA back to CPA as well, so that position is also being wound down.

NYAN.A
We be unwinding all non-BMF assets in NYAN.A. This will allow me to focus on increasing NYAN's value by working on a single portfolio, NYAN.A.
Additionally, 500 OBSI.HRPT was moved to NYAN.B in exchange for MOVETO.FUND and a further 600 OBSI.HRPT was moved out for FPGAMINING (which was then traded for more BMF) at 0.5 per share of FPGAMINING. FWIW that's the current spot market price. We will continue winding down OBSI.HRPT via transfer as time goes by, just like it says in the contracts for NYAN.A, B and C, any holdings will be moved into NYAN.A if NYAN.A experiences any losses.

NYAN.B
We will continue to buy back shares of NYAN.B as we can. I think that we may try to completely buy out NYAN.B at 1 btc/share. This will take a long time, maybe a few of months all in all. We will see. I would consider selling NYAN.B if it went over 1.01/share. The basic idea is to allow all the overflow from A to reach C. Although, it's true, the trade overflow from B is substantial. In this regard OBSI.HRPT is playing a bit of a part here; I'll be transferring some of NYAN.B's safest and lowest-paying assets to NYAN.A in favor of OBSI.HRPT this week. I will also be looking at transferring more OBSI.HRPT into NYAN.C. I don't believe OBSI.HRPT is worth 0.0299, as there has been no public news from Obsi. At the same time it doesn't really belong in NYAN.A or NYAN.B because it is a high risk fund. Please keep in mind that these HRPT assets were moved from NYAN.C because of a price crash on GLBSE. There is no danger from A or B holding HRPT. The only danger is that if held long-term I may forget the risk and buy more HRPT in C. That would not be acceptable; NYAN.C should buy the HRPT back from A and B before it buys any new security. That will return the fund's risk profile to what it should be. It's a simple rule, and nothing to worry about.

We also sold ~3,900 shares of DMC between .07 and 0.09, for an approximate 800% return. This return has now been realized, previously it had only been assumed. A large part of this went out in dividends already anyway.

NYAN.C
NYAN.C is in the trenches now, there's no doubt. The problem now is OBSI.HRPT. The current top ask is 0.0299. However, what's the news? There's no news. OBSI has been paying low dividends recently, however this was announced by Obsi ahead of time and the contract allows for it anyway. OBSI.HRPT still pays better than mining; the 7 day dividend average is    2.13% per week according to stochastically.com. I don't see any reason to panic yet. After talking with Obsi several times about this on IRC I believe the value of OBSI.HRPT is not 0.0299, but 0.1. That is the price he will sell new shares at. And as nothing has changed that I am aware of or that he has told me, I refuse to destroy the setup in NYAN based on a temporary market crash. So I'll keep OBSI on the books at .1 for now. Yes, I will be actively trading OBSI.HRPT for the fund. I will be buying low and selling hi if I can do it.

We even made a few nice trades already this week buying OBSI.HRPT at ~0.02 and selling for ~0.05.

Ok ok so I've insinuated quite a few times there are things I know about OBSI.HRPT that the market does not know. While I'm not ready to spill the beans just yet, let me just point out that as the market has been selling down into .01, OBSI has been quietly buying back 500 to 1,000 shares per day over the past 4-5 days. Big hint. I think I'll just leave that there for now.

THE TROLL SITUATION
For the last 2-3 weeks, a number of scumbag trolls (Puppet, Deprived, Eskimobob and some others) have been dogging me in the forums. They follow me around to literally *every* thread I post. They lie about my companies and what I am doing with my companies. Each and every trade is scrutinized. The logic is often of the form "Usagi is running a scam because he made a trade {traded x for y} and we assume that this trade is scammy!" It makes little to no sense. They have on various occasions called my operations a scam because:
1. NYAN.C might invest in ponzis (OBSI.HRPT is not a ponzi; and the NYAN.C contract states "Investments are chosen entirely based on their interest rate without regard to the risk profile." anyway).
2. BMF does not lower it's share price each time we buy hardware. (No-one does that. it's not logical. The complaint is that we list hardware at the full purchase price including shipping. This is what we paid for it, and we price our company on the market using this info. So that's that.)
3. Puppet and EskimoBob in particular have opened scammer accusations against me for the sole reason I have reported their posts and called for tags for them. They skip from issue to issue, deny and obfuscate the single and focused claim (i.e. 1) that I have made against them, and some trolls even ignore the local rules of a thread.
4. Moderators don't do anything, suprisingly, even on clear contract violations, clear malicious criminal libel, and do not enforce local rules.

My question is.. why? Why me? I came to the conclusion that it is because I set the standard for disclosure with my online spreadsheets, websites and FAQs, and weekly letters to shareholders. I cannot deny that every day, the trolls pick apart the facts, figures, and other data on my spreadsheets. It has to stop and moderators are doing nothing.

So I've come to a decision. I just checked the contracts for BMF and NYAN. Nowhere does it say I have to provide disclosure of any kind. I think you know what I am about to say and I think it's justified.

I publish spreadsheets for everything I do. I write weekly letters to shareholders. I wrote a FAQ. I'm ID Verified on GLBSE. I set up public e-mail addresses for each one of my companies. I hang out on IRC and the forums all the time and answer questions. BMF even donated 50 BTC (fifty bitcoins) to bitcointalk.org. And this is how I am treated. I even helped Nefario set up a public panel of community members to help make decisions on IPOs and disciplinary actions. I'm the good guy here. You're looking at the GOOD guy. This troll situation is too much and a big problem is the mods. I've been on usenet for a very long time and many private blogs and boards. Unmoderated communities ALWAYS DIE. In short the mods here for all their experience and power are actually quite inexperienced and lazy, and they don't recognize value when they see it. I cannot tell you how sorry I am that I gave Theymos 50 bitcoins, I had thought that at the very least they would enforce local rules, and they ignore them. I'm actually pretty upset that Maged said I was close to a scammer tag and that I had been making misleading statements, without actually pointing out what those statements were.

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.


MANAGEMENT GUIDANCE FOR WEEK 40
In general, we will continue to buy back shares of NYAN.B aggressively and sell shares of NYAN.A, in an attempt to rescue the NYAN.C shareholders. NYAN.A and NYAN.B will continue to pay and trade as they have so far. However, paid bashers have recently begun to infect the forums and moderators have basicaly stated they will do nothing. As a result the liquidity crunch has worsened and panicky invetstors have been scared into selling. We advise you to place below-contract bids for NYAN.A and NYAN.B, if you wish to try to catch a deal. However we do not advise trying to sell A or B at 0.99 or less at this time. If I see bids up for that I will continue to buy them back. Remember, when we buy back shares at 0.99 or below, it actually increases the value of NYAN.A, B and C. Something to think about.

I remain available to answer your concerned questions regarding NYAN. You can always e-mail me at nyan@tsukino.ca or chat on IRC.

Good luck!

[BCB]

Usgai

I do see what is going one here. I just won't twist my opinion to fit your distorted reality. I've repeatedly asked you for facts which you refuse to or cannot provide. You respond with more questions then link to thread after thread in your convoluted fashion. All they while others have provided clear evidence of your deception and delusion. And now you resort to attacking me and my character and lumping me with everyone else who has called you on your BS.

Ill repeat:  you can not bully or intimidate me. Facts do not lie. I'm sorry this does not fit in with your reality.

Ill update my other thread shortly.

[BCB]

Usgai

9 posts - really?  Way to continue your Obfuscation.

You are still not answering the questions.

[usagi]

Take it to the Usagi thread instead of derailing every bloody thread.
There is already 4 threads about Usagi. Do we really need another one?

Fine, I'll post replies on the other thread then.

[greyhawk]

 As the OP what do you have in mind for the purpose of this thread?

He's essentially trying to do a "Berlusconi".

[repentance]

Just to throw out a counterpoint here, for what it's worth, I believe that usagi has imposed a ridiculously onerous condition on himself in the wind-down of the assets now listed on BTC-TC and that the trust being created to allow for the possible recovery of toxic debt should be of much shorter duration. 

[BCB]

updated

https://bitcointalk.org/index.php?topic=133823.0