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VinceSamios
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February 04, 2014, 03:55:48 PM |
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1. The lein and sale of ukyo's shares to recover funds is legal and does not expose legal risk. If Ukyo started proceedings Ken would be obliged to hold onto the shares until they were resolved, so there is incentive for Ken to liquidate them sooner rather than later.
2. The shares are not for Ken, they are for the company
3. Ken/the company doesn't care what price the shares are sold for, save for the fact the 100BTC+costs needs to be recovered. Leaving some shares for Ukyo is not a consideration. Liquidating the shares to recover 100BTC+costs is the ONLY consideration.
4. Since it is not Ken personally trading, but the company, it doesn't legally matter if no other shares are tradable. This is essentially a re-IPO of Ukyo's shares
5. Ken is selling shares at most likely the price Ukyo paid for them, so Ukyo can't claim "they are worth more" - the fact they are selling semi slowly (30,000 shares in 24 hours) proves this point
6. If Ukyo takes Ken to court and wins (not gonna happen), in theory Ken can just give Ukyo 200,000 of his own 15 million shares. If I remember correctly there are also some shares from the first 10million that haven't actually sold yet (about 200k?)
Kids - sit down and have a glass of milk.
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knybe
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February 04, 2014, 03:57:27 PM |
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Between the yuko/weex debacle and now the bargain basement sell off by actm you couldn't make this shit up...
Any screenwriters in the house?
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Jasun7211
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February 04, 2014, 04:01:28 PM |
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1. The lein and sale of ukyo's shares to recover funds is legal and does not expose legal risk. If Ukyo started proceedings Ken would be obliged to hold onto the shares until they were resolved, so there is incentive for Ken to liquidate them sooner rather than later.
2. The shares are not for Ken, they are for the company
3. Ken/the company doesn't care what price the shares are sold for, save for the fact the 100BTC+costs needs to be recovered. Leaving some shares for Ukyo is not a consideration. Liquidating the shares to recover 100BTC+costs is the ONLY consideration.
4. Since it is not Ken personally trading, but the company, it doesn't legally matter if no other shares are tradable. This is essentially a re-IPO of Ukyo's shares
5. Ken is selling shares at most likely the price Ukyo paid for them, so Ukyo can't claim "they are worth more" - the fact they are selling semi slowly (30,000 shares in 24 hours) proves this point
6. If Ukyo takes Ken to court and wins (not gonna happen), in theory Ken can just give Ukyo 200,000 of his own 15 million shares. If I remember correctly there are also some shares from the first 10million that haven't actually sold yet (about 200k?)
Kids - sit down and have a glass of milk.
Keep Bumping this. This is this weeks bible till this situation blows over. Thank You!!!! |
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funkymunky
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February 04, 2014, 04:02:47 PM |
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I see there are a lot of people on here expecting the imminent release of shares by this trollfest currently taking place on these pages!!
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minerpart
Sr. Member
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Activity: 280
Merit: 250
IIIIII====II====IIIIII
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February 04, 2014, 04:03:04 PM |
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If I remember correctly there are also some shares from the first 10million that haven't actually sold yet (about 200k?)
Absolutely correct on all points. There are 180k (I think) unsold from the IPO and Ken can indeed reimburse Ukyo from his own shares. I think anyone who knows anything about him will agree he's the kind of guy that would happily do that. It would be less than 2% of his own holdings. But it won't happen because if Ukyo goes near a court in his lifetime it will be to face the charges of multimillion dollar fraud. |
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EduardoDeCastro
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Activity: 42
Merit: 0
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February 04, 2014, 04:03:10 PM |
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...
3. Ken/the company doesn't care what price the shares are sold for, save for the fact the 100BTC+costs needs to be recovered. Leaving some shares for Ukyo is not a consideration. Liquidating the shares to recover 100BTC+costs is the ONLY consideration.
...
Ken promised to pay .0025 in divs for the shares he is selling @.0005. If you take Ken at his word, he is effectively taking out a loan @400% interest. Shrewd business move, or ?? ? So much arithmetic fail in this thread... |
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Bargraphics
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February 04, 2014, 04:04:50 PM |
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...
3. Ken/the company doesn't care what price the shares are sold for, save for the fact the 100BTC+costs needs to be recovered. Leaving some shares for Ukyo is not a consideration. Liquidating the shares to recover 100BTC+costs is the ONLY consideration.
...
Ken promised to pay .0025 in divs for the shares he is selling @.0005. If you take Ken at his word, he is effectively taking out a loan @400% interest. Shrewd business move, or ?? ? So much arithmetic fail in this thread... Crumbs you are really as stupid as you sound. These shares have already been sold once before clown. |
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Jasun7211
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February 04, 2014, 04:07:07 PM |
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can someone post our dividend wallet again for ACTM. I forget where it is in this thread
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EduardoDeCastro
Newbie
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Activity: 42
Merit: 0
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February 04, 2014, 04:08:06 PM |
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...
3. Ken/the company doesn't care what price the shares are sold for, save for the fact the 100BTC+costs needs to be recovered. Leaving some shares for Ukyo is not a consideration. Liquidating the shares to recover 100BTC+costs is the ONLY consideration.
...
Ken promised to pay .0025 in divs for the shares he is selling @.0005. If you take Ken at his word, he is effectively taking out a loan @400% interest. Shrewd business move, or ?? ? So much arithmetic fail in this thread... Crumbs you are really as stupid as you sound. These shares have already been sold once before clown. OHAI, Bargraphics! Keeping these shares (destroying them) would mean that Ken would not have to pay .0025 in divs per share. And your last comment means i don't need to ask - I know you are as stupid as you sound. |
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minerpart
Sr. Member
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Activity: 280
Merit: 250
IIIIII====II====IIIIII
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February 04, 2014, 04:08:47 PM |
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Bara, please don't quote or respond to the Trolls it just encourages them.
We actually went over this earlier. ALL shares get divs, it doesn't matter who owns them or what price they went for. And we can't do anything with these shares other than sell them to recover our losses so the fact they will get divs is not even in the calculation.
We cannot legally destroy these shares they are and remain Ukyos assets. We can legally sell them though.
EDIT - I told you it would encourage them. Just ignore - it's the only thing that makes sense.
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Bargraphics
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February 04, 2014, 04:10:25 PM |
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Bara, please don't quote or respond to the Trolls it just encourages them.
We actually went over this earlier. ALL shares get divs, it doesn't matter who owns them or what price they went for. And we can't do anything with these shares other than sell them to recover our losses so the fact they will get divs is not even in the calculation.
EDIT - I told you it would encourage them. Just ignore - it's the only thing that makes sense.
48 Weeks bro |
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minerpart
Sr. Member
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Activity: 280
Merit: 250
IIIIII====II====IIIIII
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February 04, 2014, 04:11:27 PM |
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48 Weeks bro
Sorry you lost me. 48weeks in? |
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Jasun7211
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February 04, 2014, 04:14:23 PM |
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thanks guys!!!!
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minerpart
Sr. Member
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Activity: 280
Merit: 250
IIIIII====II====IIIIII
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February 04, 2014, 04:17:49 PM |
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thanks guys!!!!
I'm just updating my ACtM thread, can anyone confirm that all of the paid out from this address (629BTC) was used to pay divs? Thanks. 0.0000629 per share? |
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Bargraphics
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February 04, 2014, 04:27:28 PM |
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48 Weeks bro
Sorry you lost me. 48weeks in? a year man! |
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funkymunky
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February 04, 2014, 04:29:51 PM |
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Does anybody know any details on all the extra sell orders which are on CT? Are they Ken testing the system as there are quite a few more than earlier. https://crypto-trade.com/tradex/ipo/amc_btcSELL ORDERS (Total AMC : 204,230.00 )
Price/AMC Amount AMC Total BTC
0.0005 180854 90.427
0.00249993 40 0.0999972
0.00249996 80 0.1999968
0.00249999 100 0.249999
0.0025 4970 12.425
0.00379652 100 0.379652
0.0049 5000 24.5
0.005 120 0.6
0.0055 41 0.2255
0.0058 80 0.464
0.006 100 0.6
0.0063 120 0.756
0.0081 2400 19.44
0.008987 3 0.026961
0.009 41 0.369
0.0459 5500 252.45
0.0999 4480 447.552
0.1 200 20
1 1 1
edit - sorry for the formatting^ |
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VinceSamios
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February 04, 2014, 04:30:51 PM |
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...
3. Ken/the company doesn't care what price the shares are sold for, save for the fact the 100BTC+costs needs to be recovered. Leaving some shares for Ukyo is not a consideration. Liquidating the shares to recover 100BTC+costs is the ONLY consideration.
...
Ken promised to pay .0025 in divs for the shares he is selling @.0005. If you take Ken at his word, he is effectively taking out a loan @400% interest. Shrewd business move, or ?? ? So much arithmetic fail in this thread... so much arithmetic fail in this post.... preferential shares are not a loan. |
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