[BitFunder] Ukyo.Loan - Paying 0.05% daily.

[Regenmacher]

I'm still in denial.

Me too, can't accept that UKYO almost ties up 70% of my BTC, I am deeply worry and feel desperately because I can't do anything......

this

[1714903867]

1714903867

[SOSLOVE868]

Ukyo hasn't paid dividends for a few days, any news?

More than a week now, but at this point I'm a LOT more worried about ever seeing the principle back...

I think we are in default territory now.   He isn't paying dividends, redemptions or weexchange withdrawals.

what's wrong with him? I scary and I can't sleep recently because of him...

[bittymitty]

You should go to the doctor and get some sleeping pills as you might never get your BTC back.

[SOSLOVE868]

You should go to the doctor and get some sleeping pills as you might never get your BTC back.

He said he will post a news by Monday, I just hope this time he will bringing some good news, hopefully !~

[thecoinjournal]

You should go to the doctor and get some sleeping pills as you might never get your BTC back.

He said he will post a news by Monday, I just hope this time he will bringing some good news, hopefully !~

He said Monday or Tuesday, we have another one or two sleepless nights to go.

[SOSLOVE868]

You should go to the doctor and get some sleeping pills as you might never get your BTC back.

He said he will post a news by Monday, I just hope this time he will bringing some good news, hopefully !~

He said Monday or Tuesday, we have another one or two sleepless nights to go.

God Bless UKYO ...... if he went bankrupt, I will be totally ripped off by him...

[mgio]

You should go to the doctor and get some sleeping pills as you might never get your BTC back.

He said he will post a news by Monday, I just hope this time he will bringing some good news, hopefully !~

He said Monday or Tuesday, we have another one or two sleepless nights to go.

God Bless UKYO ...... if he went bankrupt, I will be totally ripped off by him...

I expected you'll be able to at least get something back. 100% is not likely anymore though.

[SOSLOVE868]

You should go to the doctor and get some sleeping pills as you might never get your BTC back.

He said he will post a news by Monday, I just hope this time he will bringing some good news, hopefully !~

He said Monday or Tuesday, we have another one or two sleepless nights to go.

God Bless UKYO ...... if he went bankrupt, I will be totally ripped off by him...

I expected you'll be able to at least get something back. 100% is not likely anymore though.

I do the same wish on you. ....hopefully ,UKYO is good guy willing to keep his reputation.

[thy]

[17:58] <kanoi> so the issue has now changed from being a wallet issue into some other issue ....
[17:59] <@Ukyo> kanoi: this is why there will be a public announcement
[17:59] <@Ukyo> so everythings 100% complete and together on exactly what/when/how/why
[17:59] <@Ukyo> instead of some things guessed and peiced together
[17:59] <@Ukyo> Just waiting on confirmation of the final peice

....
Looks like we finally will get some more update on when the issue with weexchange and ukyo loan will be solved later today.

[MikkisJ]

Today is already yesterday. Where is the update?

[SOSLOVE868]

Today is already yesterday. Where is the update?

Hehe, things look like isn't right...we are more far from good.   

[thecoinjournal]

Ukyo, when you get a chance, please let us know what is up with Ukyo.loan, namely if there is any progress redeeming shares and if you still believe you will be able to cover the full amount.

Thanks.

Hi mgio, how is your redeeming going?

I'm still waiting. I talked to Ukyo maybe about a week ago. He told me about some big news on the horizon that would be announced soon that should bring him in a bit of income. I'm not going to say exactly what, but it's pretty exciting if it happens and should allow him to pay off the ukyo.loan shareholders.

The downside is that bitcoin is worth roughly 6 times it was when the loan was issued so instead of having to redeem $200,000 worth of shares, it's now $1.2 million. 

You can bet that ukyo is also probably dealing with the SEC (why else would bitfunder have to shut down so quickly). I'm worried that his lawyers will eat up whatever money he does have left. They are the only ones who win in situations like this.

In the meantime, there is not much we can do. I still believe that Ukyo is doing his best to redeem these shares. I just am less and less convinced that he will be able to.

Hi mgio, is this anouncement from CryptoCyprus the big news? https://bitcointalk.org/index.php?topic=348468.0

[MilkyLep]

Some logs from the irc channel a wee bit ago.

[01:48] <arcticwolf> Hey ukyo, can the remaining ukyo.loans be redeemed some time in the future?
[01:50] <@Ukyo> arcticwolf: yes, loan will be taken care of. I am not abandoning it.

[01:51] <@Ukyo> i need to make a post on the loan thread
[01:51] <@Ukyo> I dont want to keep paying users out for the loan via bf due to weex issues
[01:51] <@Ukyo> same as why i havent pushed the AM PT divs to bitfunder

[01:56] <@Ukyo> But all interest due to loan shares will get paid out
[01:56] <@Ukyo> at worst case scenario at time of redemption
[01:56] <@Ukyo> but i expect to get it all caught up and managed daily again. May be through a private method

He mentioned plenty of things that all help piece a picture together, he wants to share more, but as you can tell from Mr. Brewster's post, the full scenario is yet to be disclosed.

[ArcticWolf]

I was pretty happy with Ukyo's chat on IRC, he is getting on top of things. He needs a little more time, and Im a patient man.

[Kosmatos]

I was pretty happy with Ukyo's chat on IRC, he is getting on top of things. He needs a little more time, and Im a patient man.

Excellent. I hope he resolves this to most of our satisfaction (there will always be people who will just not be satisfied no matter how it is resolved, for example, people angry that Ukyo did not post a message to stop deposits) and is able to have a great career afterwards. And of course, I also hope to get my, now even more valuable, 12 BTC back.

[bittymitty]

This sounds a lot like Sam Noi:

http://pastebin.com/VnYL63dr
[01:59] <@Ukyo> I woudl not be surprised if it does not cause the price of bitcoin to jump by $100

I guess we will have to wait and see...

[kingcrimson]

It is funny that he hasnt really given one shred of information yet you are all brown nosing so badly in that IRC. I agree that it reads like a repeat of 'Sam'... we have seen behavior like this before and it is highly likely that no one gets a single mBTC back.

Likely he lost all the coins to Labcoin, ActM and AM. He is probably waiting for December hoping these stocks recover. There is no other explanation that makes an iota of sense.

[Djingis]

Ukyo, i want to redeem my bitcoins too
please add me to the redeem list , if there is one 
Bitfunder public address: 1PAA9WHBJ221eMgRrNHiRrbBiwNw8TwQTe
Holding shares: 500

Btw anyone got a successful redeem request ? 

[CumpsD]

I haven't even received a PM to my redeem request :/

What's the status? It's been silent for a while again..

[ArcticWolf]

Ukyo is currently working with Neo and Bee to overcome issues with both weexchange withdrawals and redeeming Ukyo.Loan as far as I know. It may be a little while before he can redeem again.