BitFlowSystems IPO

[dmcurser]

also bumping to see some action i know nef is back so plz wise can we see whats going on so we can put this behind us

[shakaru]

I have been trying to reach owl out here in socal and its like he died or something. I will keep trying, but my luck is not going well at all.

[Nefario]

I haven't heard from WiseOldOwl for some time. From what I remember he sent about 40btc to me to payback to shareholders. I still have this bitcoin, he did say it was going to be the first of a number of payments but there were no more.

What do people want to be done with this asset and the bitcoin for it?

Nefario.

[shakaru]

I haven't heard from WiseOldOwl for some time. From what I remember he sent about 40btc to me to payback to shareholders. I still have this bitcoin, he did say it was going to be the first of a number of payments but there were no more.

What do people want to be done with this asset and the bitcoin for it?

Nefario.

I can almost say he would want them payed out. We had talked last time I had him do a BTC - > Cash pickup and he was saying at the time he had issues getting ahold of Nefario and couldnt not issue the payment.
I will try again this week to contact Owl and get him to address the issue.

[dmcurser]

ty nef for replying to this an hopfully owl is ok bc its not like him to not be on the forum and we get this thing going

[REF]

If its possible start handing them out in the order they were purchased. Its known he wanted to pay everyone back.

thanks for not forgetting about us nefario

[Nefario]

Well I was going to just pay it out as dividends.

[dmcurser]

im not sure if hes able to see that and i know a few ppl bought in at .5 instead of the .1m so hmm
how to do it right

[Nefario]

Dividend paid:

Number of assets paid   24055
Total amount paid   40BTC
Payment per share   0.00166285

[dmcurser]

still no word from wiseoldowl??

[Nefario]

Nothing sadly.

[Ben Walsh (beamer)]

Bump. Another month passes.

Is this going to be yet another asset issuer who fails to keep promises ?

[shakaru]

I am looking for him too. His phone is disconnected and he has yet to send the fabric Deslok ordered for bitcoinprintshop has never been delivered.

[WiseOldOwl]

Hi,

Shakaru, why would you be looking for me?

Also, if I owe anyone and it is a reasonable debt that wasnt a gamble you lost ( i have to evaluate the old postings and situation because i truly forget the status), i will gladly pay it back just pm me. I am not now, nor was I ever a scammer.
I really did take pride in my rep, and wouldnt want to tarnish it. I may haver some project failures, but i have success's too.
Anyways Im not trying to prove or deny anything, just looking to get back into the community.

Seriously in need of a refresher when it comes to bitflow, i remember it didnt work out as a mining company because mining was worthless all of the sudden, and then i think we shifted the focus but it never took off???
I remember the user name REF, did we do business?

[Ben Walsh (beamer)]

Once you give a satisfactory and full explanation of what assets / expenditure the remaining 83% of my investment was spent on, I'll decide whether I'll ever trust you again.

[Ben Walsh (beamer)]

Yes, a single payment was received from WiseOldOwl by Nefario representing a total of ~17% of the investment made by those buying in at the IPO price of 0.01 BTC.

The BitFlowSys asset was removed during the GLBSE 1.0 to GLBSE 2.0 transfer.

I lost a total of ~5.22 BTC. Nothing major but still felt conned. However multiplied across all the investors when BTC was trading at ~$18, it was a pretty significant sum of money, and will be again in the future. A significant loss for the community.

didnt nefario pay some dividends ?

[WiseOldOwl]

I will do my best to itemize everything that was bought and sold.
My electricity cost here was a major reason the mining did not work, and id say over the two months there was a decent portion spent on that. (Maybe 10%)

Anyways, I didnt purchase anything for myself ( like a scammer would) or cash out any money to cash unless to buy parts. so most everything should be accountable.

Im not petty in a way that even if i didnt do anything wrong and you lost money i wouldnt try to repay it if i am a focal point of losing the money. What im saying is before i have people disliking me i would pay them regardless if its my fault. Well as long as i have the personal money, without any personal money i dont even have that option.

Anyways we will sort all this out...
I have a pretty demanding day job which is different compared to last time because bitcoins were my day job. So the freakish response times and availability i became known for is not going to be happening for the time being.

[Ben Walsh (beamer)]

Still waiting for the promised information. Cumulatively a significant chunk of investment money is unaccounted for.

You talked previously of discussions with lawyers, $10,000 investments from initial investors etc ... so either this was a significant endeavour OR you don't consider the large number of small individual investments made in Bitcoin through GLBSE to be as important. You need to explain exactly what you spent our money on.

If you really want to repair your reputation in this community you need to sort this out now, enough excuses.

As it stands, I won't be trusting anything you do or any services / products you offer and will be recommending others have nothing to do with you either.

I will do my best to itemize everything that was bought and sold.
My electricity cost here was a major reason the mining did not work, and id say over the two months there was a decent portion spent on that. (Maybe 10%)

Anyways, I didnt purchase anything for myself ( like a scammer would) or cash out any money to cash unless to buy parts. so most everything should be accountable.

Im not petty in a way that even if i didnt do anything wrong and you lost money i wouldnt try to repay it if i am a focal point of losing the money. What im saying is before i have people disliking me i would pay them regardless if its my fault. Well as long as i have the personal money, without any personal money i dont even have that option.

Anyways we will sort all this out...
I have a pretty demanding day job which is different compared to last time because bitcoins were my day job. So the freakish response times and availability i became known for is not going to be happening for the time being.

[imsaguy]

I will do my best to itemize everything that was bought and sold.
My electricity cost here was a major reason the mining did not work, and id say over the two months there was a decent portion spent on that. (Maybe 10%)

Anyways, I didnt purchase anything for myself ( like a scammer would) or cash out any money to cash unless to buy parts. so most everything should be accountable.

Im not petty in a way that even if i didnt do anything wrong and you lost money i wouldnt try to repay it if i am a focal point of losing the money. What im saying is before i have people disliking me i would pay them regardless if its my fault. Well as long as i have the personal money, without any personal money i dont even have that option.

Anyways we will sort all this out...
I have a pretty demanding day job which is different compared to last time because bitcoins were my day job. So the freakish response times and availability i became known for is not going to be happening for the time being.

You started a bitcoin mining company, contributed assets, sold some shares for <50% of the company.   Once some shares sold, you decided it wasn't profitable to mine so you floundered around for a direction to go.  You attempted to sell more shares but nobody bought this time.  In the meantime, you started to mine solidcoins for at least a short period of time.  You promised there would be a liquidation and that you would refund even if it meant coming out of pocket.  You sent Nef 40 btc, he got in an accident and then you disappeared.  You come back now with a bad cause of the 'I forgot what happened' even though all it takes is reviewing this thread to get a good idea of what went on.  

I draw issue with the following:

• You repeatedly failed to provide an accounting of the btc and/or hardware.  When asked, your response was that it wasn't worth talking about because there wasn't much there.   If there wasn't much there, it shouldn't have taken long to put together a listing.
• Attempting to change the purpose of the company without ever putting it to a vote.  While you did retain a 51% majority, there should have still been a public vote on it.  Instead, on July 09, 2011, 01:15:24 PM, you announced that you were taking the company in a different direction.
• You imply that their investment in the mining company was a gamble is true to a certain degree.  Any business is a risk.   You changed the terms with your wanting to merge the companies however, which means they couldn't properly calculate the risk.
• You promised refunds repeatedly, even if it meant covering them out of pocket.  When it came time to issue the refunds though, you made a token refund and then disappeared.
• You've now reappeared after your extended absence with a memory failure.

I acknowledge Shakaru is a liar, but at some point, even liars tell a shred of truth.  I have to wonder how much truth Shakaru spoke when referring to your deal with him, now that you've shown your word is less than 100%.

[REF]

final! I was starting to think oldwise would come back and get away without any sort of explanation on this one. imsaguy great timeline. Even if this was what he called a "gamble" we should of been able to get back more then 40BTC. hell all he had to buy was graphic cards because the other equipment was apparently free. At the time this was taking place grahpic cards were being resold like crazy near or equal to there original value.