Some of you will be aware that I've commented at various times on usagi's assorted failed businesses and the scummy/scammy practices conducted by said issuer. The more alert of you will have noticed that usagi has locked various threads and is back to sticking his head in the sand and pretending that's all is well. What few of you will have realised is that usagi moved the conversation about his businesses into threads for the small fund and associated bond that I run. As they're traded in LTC and on LTC-Global, those threads are in the alternate cryptocurrencies section of the forum.
Most of his posts there are of little interest - asserting that as I make a decent profit I must be lieing and begging me to show him my books so he can work out how to make a profit himself. Obviously he doesn't word it like that
This post is only going to address one very specific issue - where usagi is plainly lying and is clearly attempting to back out of a commitment made to his investors.
Recently usagi asked in one of my threads (as his own relevant ones are locked of course) what I wanted him to do for me to stop posting about his securities. Here's his response to one of my points:
NYAN.A: You promised to repay this in full personally.
Another lie. It was insured by CPA. There's a big difference. What I actually said has been posted on the forums since pretty much November.
Well that's wierd because:
https://bitcointalk.org/index.php?topic=133168.msg1482060#msg1482060Letter to Shareholders of all my companies:
In response to some recent enquirers I'd like to remind people that I DO NOT HAVE PERSONAL LIABILITY. The contracts were all very clear. NYAN.A was insured by CPA and CPA existed to expose investors to both the rewards -- and the risks -- of insurance. You knew that before you invested, so it's a little late to start complaining. Do not bother to try and shift the scam accusations from "usagi is responsible for the mining crash" to "usagi has personal liability". I will simply ignore you.
You have to understand. If I invest in a company like BitVPS, and the boss (rg) dumps his WoT/OTC key on pastebin, sells his company and moves to timbuktu -- that I am not responsible for covering investor's loss. Some people seem to think that taking 5% of investment dividend qualifies me to shoulder 100% of the risk. That's just not going to happen on many levels, least of all the contract stating I am not responsible.
This is very important to understand because I will be, breathtakingly, assuming personal liability for NYAN.A.
Yes, you heard it here first. I will be paying what is remaining on NYAN.A out of my personal salary over a period of months because so many companies blew up that all of the value in NYAN.B and most of the value in NYAN.A has disappeared. BITVPS is gone. That was our gem. We're not on the list of BITCOINRS (fancy that). And so on. I've also sold $4,000 worth of my personal gold and silver in order to make bids on BMF securities (see auction) and to buy out the JAH and RSM positions so that my shareholders can receive full value. I've done this in auction or on the market so shareholders know they are getting a better deal than if I didn't do this. I've also relinquished my personal stake in these companies back to shareholders to increase their value.
It's sad that I won't be able to save any money during this time but I believe that contractual obligations be damned -- it's the right thing to do.
In a better world the people who owe me money (as listed in the claims thread) would do the same thing. But they aren't. They're running and hiding and pretending they don't owe me any money.
That makes me sick. And what's worse is a handful of very confused individuals who believe it's all my fault.
Well there's nothing I can really say to anyone over this, because actions speak louder than words.
At any rate, Chinese New Year is coming up soon so let's enjoy ourselves Smiley"
As clear as anything he explains how he doesn't have to accept personal laibilty (true) then equally states that despite that he's going to accept that liability and pay them out of his wages.
Obviously that never happened - it's usagi so promises are just things you say because they sound good not actual commitments. But now he's even denying ever saying it - despite (as of now) the post still being viewable. Hopefully a few of you see it before it vanishes - into whatever black-hole the promise (and payments) have vanished.
In fairness, in the past usagi has generally kept actual explicit promises (just fucked up everything he touched, lied through his teeth, made false claims regularly and failed to understand even basic issues germane to the businesses he purported to run). Seems like now he's going the extra mile and progressing to not just failing to keep promises/commitments - but actually lying about having made the commitment.
Be VERY careful if you have to deal with this piece of shit.
Now to see if he's dumb enough to quote the first sentence of his post without bothering to refresh his memory on the rest of what he said.
