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Author Topic: [BitFunder] Graet.Loan - Paying 0.05% interest daily  (Read 52578 times)
rudrigorc2
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July 12, 2014, 12:19:17 AM
 #201

Without prejudice,

I believe I am the largest creditor in relation to the Graet.Loan.
I am located in Australia, and have been in preliminary discussions with a Sydney law firm regarding this. (One that is familiar with Bitcoin and has done work related to the Australian Bitcoin industry)

As Graeme Tee indicated his intentions to pay the bulk of the loan off some time in mid 2014 - I haven't yet sent him any direct communications regarding a demand for payment of either interest or principal.

Given that it is now July, and he hasn't made any recent public statements - I will likely send a letter of demand soon.

That said - I'm not hopeful that Graeme's businesses are in a position for him to put a meaningful dent in his liabilities at the moment.

If Graeme will communicate, I may even delay legal action a little further. I am also amenable to renegotiating the interest rate to a *lower* amount. (Though I speak only for myself in this)
I believe the change in the Bitcoin mining landscape was one critical factor in reducing his ability to pay back this loan, and this caught many of us off-guard - so I think it's reasonable to reassess the interest rate.

Graeme, Please communicate and negotiate with us.






Yes please communicate Graet.
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thy
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July 12, 2014, 02:13:19 PM
 #202

Without prejudice,

I believe I am the largest creditor in relation to the Graet.Loan.
I am located in Australia, and have been in preliminary discussions with a Sydney law firm regarding this. (One that is familiar with Bitcoin and has done work related to the Australian Bitcoin industry)

As Graeme Tee indicated his intentions to pay the bulk of the loan off some time in mid 2014 - I haven't yet sent him any direct communications regarding a demand for payment of either interest or principal.

Given that it is now July, and he hasn't made any recent public statements - I will likely send a letter of demand soon.

That said - I'm not hopeful that Graeme's businesses are in a position for him to put a meaningful dent in his liabilities at the moment.

If Graeme will communicate, I may even delay legal action a little further. I am also amenable to renegotiating the interest rate to a *lower* amount. (Though I speak only for myself in this)
I believe the change in the Bitcoin mining landscape was one critical factor in reducing his ability to pay back this loan, and this caught many of us off-guard - so I think it's reasonable to reassess the interest rate.

Graeme, Please communicate and negotiate with us.

If your the 13NbNBhTtUeuCTFXE6XfqkZ57kbrsMEMmp bitcoinadress with 27 575 shares in Graet loan then you should be the biggest creditor. There is 27 creditors with over 1000 shares(10 btc) and 80 creditors in total in Graet loan.

Sydboy
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July 13, 2014, 03:05:00 AM
 #203

If your from Aus why dont you visit him ?
i'll pay him a visit if people are willing to pay. people pay up when you confront them. people have posted up how he sits on IRC so he must be running scared, in hiding, on irc.

ru0chen
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July 26, 2014, 12:30:43 PM
 #204

julz:  I would like to join a lawsuit for Graet.Loan, if there is one, assuming a reasonable cost. I lost more than 183 BTC. Please contact me here or via PM.
TradeFortress 🏕
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July 27, 2014, 05:46:35 AM
 #205

Without prejudice,

I believe I am the largest creditor in relation to the Graet.Loan.
I am located in Australia, and have been in preliminary discussions with a Sydney law firm regarding this. (One that is familiar with Bitcoin and has done work related to the Australian Bitcoin industry)

As Graeme Tee indicated his intentions to pay the bulk of the loan off some time in mid 2014 - I haven't yet sent him any direct communications regarding a demand for payment of either interest or principal.

Given that it is now July, and he hasn't made any recent public statements - I will likely send a letter of demand soon.

That said - I'm not hopeful that Graeme's businesses are in a position for him to put a meaningful dent in his liabilities at the moment.

If Graeme will communicate, I may even delay legal action a little further. I am also amenable to renegotiating the interest rate to a *lower* amount. (Though I speak only for myself in this)
I believe the change in the Bitcoin mining landscape was one critical factor in reducing his ability to pay back this loan, and this caught many of us off-guard - so I think it's reasonable to reassess the interest rate.

Graeme, Please communicate and negotiate with us.

Good luck, please keep us reasonably updated.

16,302 Graet.Loan shares (btcinvest) here.
leahsandes
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July 27, 2014, 05:48:25 AM
 #206

Good luck, please keep us reasonably updated.

16,302 Graet.Loan shares (btcinvest) here.

These need to be reposessed. how can he be allowed have so many nice things?
Phildo
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July 27, 2014, 12:58:37 PM
 #207

Since when do shares of a defaulted loan count as good things?
ru0chen
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August 14, 2014, 11:36:09 PM
 #208

Graet if you want me to stop asking your friends what you have done and how i can contact you, you should explain the situation here public or send my coins back. I know you read this.

If your plan is to stay it out and forget it, it will not work Smiley, many of us wont give up.
szmarco
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August 15, 2014, 12:34:41 AM
 #209

Old Graet, When will you tell us what's going on?
DRK
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August 15, 2014, 02:05:15 AM
 #210

Having read this thread it seems the time for asking him is up, time to ask yourselves the plan of action. The legal fees would be a lot less than the BTC he has allegedly ran away with (source: I'm a lawyer, although not in this field).
thecoinjournal
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August 17, 2014, 01:24:16 AM
 #211

Having read this thread it seems the time for asking him is up, time to ask yourselves the plan of action. The legal fees would be a lot less than the BTC he has allegedly ran away with (source: I'm a lawyer, although not in this field).

I'm willing to join a lawsuit if there's one.

ru0chen
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August 27, 2014, 02:05:42 AM
 #212

I'm readlly willing to join a lawsuit too
joris
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August 27, 2014, 02:00:08 PM
 #213

Check the mailbox associated with your BitFunder account for a message from loan@graet.net

At least I've received a message.

;-)
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August 27, 2014, 02:03:25 PM
 #214

I'm willing to join a lawsuit (for 15 BTC). The most important issue: Is there a volunteer willing to organize it, with enough credibility?
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August 27, 2014, 03:03:23 PM
 #215

Check the mailbox associated with your BitFunder account for a message from loan@graet.net

At least I've received a message.
me too.
szmarco
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August 28, 2014, 12:20:41 AM
 #216

Check the mailbox associated with your BitFunder account for a message from loan@graet.net

At least I've received a message.
me too.
I didn't receive it. What's the content?
tolan77
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August 28, 2014, 02:33:38 AM
 #217

Check the mailbox associated with your BitFunder account for a message from loan@graet.net

At least I've received a message.
me too.
I didn't receive it. What's the content?


Here's the email I received. I don't know if the content is different for anyone else.

Hello graet.loan holders,
I have set up this email to be able to communicate with actual loan holders, rather than anyone with an opinion (bitcointalk).

Over the last few month business has improved:
Crowncloud.net continues to grow and has expanded the range of products and services available to customers,
After opening up a Chinese mining node Avalon joined Ozcoin with 1/2 of their farm, this is the first step in building Ozcoin back to a viable size.
The start up I invested in is planning to launch in September.
I am also looking into other projects.

I am planning to do a 1% payout after 7 days, this will total just under 20btc as I hold some graet.loan I was able to buy back before BF closed.
I know it isn't much, but it is a start.
Further payments will be made as funds become available.

I am delaying the payout 7 days to give people time to send me an updated Bitcoin address for payouts to be sent to, otherwise payouts will be sent to the registered public Bitfunder Bitcoin address.
to update address please reply to this email from your Bitfunder email address with "update" in Subject and include your public Bitfunder Bitcoin address.

Please note:
Continued lies,legal action,  attacks on my businesses and character will delay or stop my ability to repay the loan.
support of my businesses will speed my ability to repay the loan

Best wishes
Graeme

twentyseventy
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August 28, 2014, 02:54:08 PM
 #218

Quote
Please note:
Continued lies,legal action,  attacks on my businesses and character will delay or stop my ability to repay the loan.
support of my businesses will speed my ability to repay the loan

Best wishes
Graeme


Hmmm... where else have I heard this before...
thy
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September 02, 2014, 06:49:20 AM
 #219

Check the mailbox associated with your BitFunder account for a message from loan@graet.net

At least I've received a message.
me too.
I didn't receive it. What's the content?


Here's the email I received. I don't know if the content is different for anyone else.

Hello graet.loan holders,
I have set up this email to be able to communicate with actual loan holders, rather than anyone with an opinion (bitcointalk).

Over the last few month business has improved:
Crowncloud.net continues to grow and has expanded the range of products and services available to customers,
After opening up a Chinese mining node Avalon joined Ozcoin with 1/2 of their farm, this is the first step in building Ozcoin back to a viable size.
The start up I invested in is planning to launch in September.
I am also looking into other projects.

I am planning to do a 1% payout after 7 days, this will total just under 20btc as I hold some graet.loan I was able to buy back before BF closed.
I know it isn't much, but it is a start.
Further payments will be made as funds become available.

I am delaying the payout 7 days to give people time to send me an updated Bitcoin address for payouts to be sent to, otherwise payouts will be sent to the registered public Bitfunder Bitcoin address.
to update address please reply to this email from your Bitfunder email address with "update" in Subject and include your public Bitfunder Bitcoin address.

Please note:
Continued lies,legal action,  attacks on my businesses and character will delay or stop my ability to repay the loan.
support of my businesses will speed my ability to repay the loan

Best wishes
Graeme


Thanks for the update Graeme on the situation and the progress your making and thanks joris and tolan77 for making us aware about the mail, i also recieved the email.

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September 02, 2014, 01:21:37 PM
 #220

What about if someone has set wrong address on bitfunder and is now on vacation? Graet doesn't care about that? I thought a honorable man would do it the other way. He would wait for confirmation of the address from all creditors.

But Graet doesn't care, he will then blame his creditors if it happens.
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