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Author Topic: [BitFunder] Moving Forward/Resolution Process  (Read 290742 times)
thy
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March 29, 2014, 06:59:18 AM
 #1321

Ukyo is just begging himself to be sued now.

I don't understand why he has said NOTHING in over 2 months now.

I've e-mailed him several times and he just stopped responding.

I'm willing to sign an NDA if it means he can share at least some of what is going on. Really, *anything* when it comes to the ukyo.loan funds.

Given that Ukyo still owes me about $150,000, it would definitely make sense for me to start talking to my lawyer.

Ukyo would have no option in that situation but to declare bankruptcy.
He should at least be attempting to work with his creditors and coming up with some kind of plan to get at least some of his money back. He must realize we will not wait forever. I'm getting pretty pissed off.

He clearly wouldn't have to declare bankruptcy for that small sum $150 000/250 btc, but i guess the legal system would then have to look at all the money he owes to people and if he's possible investments he claims to have done haven't started to produce enough bitcoins yet it may be problematic for him if they can't handle his assets wisely until they do bare fruit, then all people he owes bitcoins may end up getting back less than 100% back.

@Seb: why send a letter to Oz and not the States?

Weexchange is registered in australia primarely, as far as i know. And i guess using an american lawyer will be costlier than an australian one when he gets what amount it is about. At the end i only want information first since i dont believe sueing simply will yield any good result. weexchange and ukyo dont have money to be sued out of them.
He does clearly have some holdings worth some amount of bitcoins, the easiest ones is whats tied to a public bitcoinadress known to had the 232 000 activeminer shares at bitfunders closure that belonged to ukyo, that adress, 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq also had other holdings:

ActiveMining    232,175    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
ADDICTION         3,927    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
BitPride            85,476    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
BTCINVEST            96    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
btcQuick      2,915,576    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
CRYPTO.LTC            2    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
DISCOVERY            10    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
FIAT.AUD                1    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
FIAT.USD               27    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
Graet.Loan           979    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
Kenilworth              25    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
LabRatMining          15    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
NEOBEE          116,667    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
RentalStarter      9,505    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
SatoshiPoker 4,000,000    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
TU.SILVER              11    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
Ukyo.Loan          7,695    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq


So if we take the last known price when Bitfunder closed or a later price if they have traded later on other exchanges or for those that haven't traded open just the buyprice we would get the following(i did count on it a few weeks ago so there may be slightly different prices on the stocks actively traded on exchanges now)

                          per share    Btc total          stock current status
satouchipoker       0,00008000   320                private
NEOBEE               0.00400000   466,668           Havelock
RENTAL STARTER  0.00579000     55,03395       Havelock
Graet.Loan          0,01                9,79             when graet gets back on track
ActiveMining        0,0006-0,005 139,305-1106,0875 BF 0,0009 Last price  (Cryptotrade 0,005-0,0005/CS)
BTCQuick            0,00013?       379,02488        values will be payed back to shareholders in 6-12 months time
ADDICTION         0,007              27,489           private
BitPride              0,00000400       0,3419
PAYED OFF ukyo shares             76,95
tu.silver             0,0111              0,1221         Private usagi
LabRatMining      0,119                1,785
Kenilworth         0,00062-0,0018   0,0155         ?? maby havelock in the future
FIAT.USD          0,0012               0,0324
FIAT.AUD             ?                       ?
DISCOVERY       0,0074                0,074
CRYPTO.LTC      0,019                 0,038
BTCINVEST       0,1922              18,4512         Trade Fortress missing, some BTC from Kate/ciphermine holdings
====================================
Total around                           1495,1107 btc

and there have been some dividends after bitfunders closure.

                                 per share    btc total
dividend rentalstarter   0,00001310   0,1245155
dividend btcquick         0,00000008   0,23324608
dividend Addiction          ?           ?

Thats around 1500 btc for those holdings alone.
If Ukyo also had other accounts/public adresses with bitcoinstocks in them on Bitfunfer or stock holdings on other platforms like BTCT-CO i don't know but it seems very likely.
There has also been several threads on bitcointalk where people seems to connect A couple of transfers of ~5000-7000 btc on 2 occations to a mining company and a bitcoin mining hardware producer, whether they got things right when they traced the flow of bitcoins and it was in fact Ukyo buying shares off the open market in the mining company and/or buying mining hardware from the hardware producer i don't know, i guess only ukyo and the 2 company's can tell.

Clearly some positions would have to be sold off carefully, dumping shares on the market wouldn't do any good for the price Ukyo get's for the shares and other things thats not listed may take time to find a buyer at resonable prices and if he in fact has holdings in the mining company that has had some problems sofar those will at least start to generate some btc back now and if ukyo possibly have started to get miners in the 100's of TH they would resonable be producing a fair amount of BTC each day for him now then.

In Ukyo loan it's pretty simple math Ukyo owes people around (2000-76,95)*(1+(0,015*3,5))~2024 BTC
In the weexchange balance matter it's a bit harder to know as we don't know how much of it that belonged to ukyo and whether his and/or cryptosyprus balances was included in the 6.175%, but around (386/0,06175)-386 = 6251-386 = 5865 BTC

I really don't think it will be good for anyone if people started 20 different leagal processes agains Ukyo that would just mean more costs for all parts and less money left to those ukyo own money, ideally Ukyo, Graet and cryptocyprus would talk more openly about what is beeing done and if/what people can do to help Ukyo/Graet to get back on there feets and sort this out as fast as possible.

Well i guess the obvious would be if everyone in the bitcoin community would point one or more of there Bitcoin miners & Litecoin/scrypt miners to Graets Ozcoin pools https://ozcoin.net/ and https://lc.ozcoin.net/ ,there hashrate is a bit weak at the moment and i think Graet would need and appreciate all the help he could get and by helping Graet you would not only be helping Graet and Ukyo but also indirectly be helping the something like 200 people that loaned Graet and ukyo money in there loans and also be helping the unknown amount of people that have funds stuck in weexchange get there bitcoins back, witch in many cases would mean yourself to.

Maby someone that actually have got any information whatsoever outside of whats been said in the open on bitcointalk from Ukyo/Graet/cryptocyprus in this whole Ukyo loan/Graet Loan/Weexchange mess would care to share some light on what really is going on and not just claim they can't say anything either.

Why should ukyo own shares of its own loan? That doesnt make sense. Where do you get that this address and the attached shares is ukyo's?
Ukyo wanted to sell his ActM Shares. So i dont see that he would own shares, that could be seen by anyone, and wouldnt try to sell them to pay back some of the debts.
It does make sense that ukyo own shares in his own loan, he did do regular redeems of shares when people asked for it before the problems started on bitfunder and he probably bought back shares at under face value on the market when people dumped shares before the problems to and resold them at face value or higher price. Ukyo has also bought back some shares after the problems started.
If my memory serves me right there was also a gigantic buywall at low prices(think it was 150 000 or 200 000 shares at 0.005) when bitfunder started it's restriction and whind the site down, i can only imagine it was one of two people that was behind that buywall of 750-1000 btc value, either Ukyo or Cryptocyprus and there was at least on one occasions shares sold into that wall.  
So the share Ukyo has in his own loan in burnsides list is simply shares Ukyo has bought back, either as redeemed shares or on the market at low price, the shares didn't magically dissapear when he bought them back, there was always 200 000 shares out on the market after the full 200 000 shares had been issued and put on the market the first time, the share in Ukyo-loan in burnsides list do add up to the total of 200 000 witch is the correct amount that was out on the market, the list of Ukyo's holdings is from the list Burnside published on btct-tc over all asset-holders at bitfunder.

Ken slaughter claims to have sold Ukyo's ~232 000 shares in Activemining on Crypto-Trade when he dumped shares there, but that move was hardly legal, so technically Ken will probably have to tie those shares to ones he owned himself instead and Ukyo would still technically have his shares in Activemining left, but in any case i think the total amount they sold for when ken dumped them was at least over 116 btc and ken slaghter don't have bigger rights to those 116 btc's than any other people Ukyo owes money whether there's in the form of Ukyo loan or Weexchange asset-holder.

There could of course be other changes now to what Ukyo holds compared to when Burnsides list was made, but if Ukyo sold some of the assets on the list he should have around the equivalent amount of BTC instead so in that purpose it shouldent matter much whether he still holds the stock-assets in question or if it's in the form of BTC now, it's still an asset Ukyo has that is of a certain amount of BTC value that is greater than 0 however you count on it.

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March 29, 2014, 12:25:42 PM
 #1322


Thanks but i dont find his name in any of these documents. Is he really an official CEO/Employee or only some unofficial that isnt mentioned in the papers?

It does make sense that ukyo own shares in his own loan, he did do regular redeems of shares when people asked for it before the problems started on bitfunder and he probably bought back shares at under face value on the market when people dumped shares before the problems to and resold them at face value or higher price. Ukyo has also bought back some shares after the problems started.
If my memory serves me right there was also a gigantic buywall at low prices(think it was 150 000 or 200 000 shares at 0.005) when bitfunder started it's restriction and whind the site down, i can only imagine it was one of two people that was behind that buywall of 750-1000 btc value, either Ukyo or Cryptocyprus and there was at least on one occasions shares sold into that wall. 
So the share Ukyo has in his own loan in burnsides list is simply shares Ukyo has bought back, either as redeemed shares or on the market at low price, the shares didn't magically dissapear when he bought them back, there was always 200 000 shares out on the market after the full 200 000 shares had been issued and put on the market the first time, the share in Ukyo-loan in burnsides list do add up to the total of 200 000 witch is the correct amount that was out on the market, the list of Ukyo's holdings is from the list Burnside published on btct-tc over all asset-holders at bitfunder.

Ken slaughter claims to have sold Ukyo's ~232 000 shares in Activemining on Crypto-Trade when he dumped shares there, but that move was hardly legal, so technically Ken will probably have to tie those shares to ones he owned himself instead and Ukyo would still technically have his shares in Activemining left, but in any case i think the total amount they sold for when ken dumped them was at least over 116 btc and ken slaghter don't have bigger rights to those 116 btc's than any other people Ukyo owes money whether there's in the form of Ukyo loan or Weexchange asset-holder.

There could of course be other changes now to what Ukyo holds compared to when Burnsides list was made, but if Ukyo sold some of the assets on the list he should have around the equivalent amount of BTC instead so in that purpose it shouldent matter much whether he still holds the stock-assets in question or if it's in the form of BTC now, it's still an asset Ukyo has that is of a certain amount of BTC value that is greater than 0 however you count on it.

Except ukyo sold the shares and but the btc in his personal wallet which he claims was in the weexchange wallet too.
Why do you know that this bitcoin address, and so the shares, were bound to ukyo? And did all the shares survive? I mean many IPO's simply vanished after exchanges go down, others cant be traded like ActM and so on.
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March 29, 2014, 12:45:07 PM
 #1323


Thanks but i dont find his name in any of these documents. Is he really an official CEO/Employee or only some unofficial that isnt mentioned in the papers?


Dude, it's right in front of your eyes! Smiley

Check the Australian ASIC doc (below) that I had previously re-posted from the 94% thread:

https://docs.google.com/file/d/0Bza0Sx1iSRWqRVlNSm94YUtwSjQ/edit?pli=1

“In Putin’s Russia bitcoin exchanges you.” - http://www.coindesk.com/ceo-bitcoin-officially-bans-china/
List of major BTC scams https://bitcointalk.org/index.php?topic=576337
Bitstamp "no transfer" banks/countries list: https://bitcointalk.org/index.php?topic=270716.0
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March 29, 2014, 01:16:26 PM
 #1324


Thanks but i dont find his name in any of these documents. Is he really an official CEO/Employee or only some unofficial that isnt mentioned in the papers?

It does make sense that ukyo own shares in his own loan, he did do regular redeems of shares when people asked for it before the problems started on bitfunder and he probably bought back shares at under face value on the market when people dumped shares before the problems to and resold them at face value or higher price. Ukyo has also bought back some shares after the problems started.
If my memory serves me right there was also a gigantic buywall at low prices(think it was 150 000 or 200 000 shares at 0.005) when bitfunder started it's restriction and whind the site down, i can only imagine it was one of two people that was behind that buywall of 750-1000 btc value, either Ukyo or Cryptocyprus and there was at least on one occasions shares sold into that wall.  
So the share Ukyo has in his own loan in burnsides list is simply shares Ukyo has bought back, either as redeemed shares or on the market at low price, the shares didn't magically dissapear when he bought them back, there was always 200 000 shares out on the market after the full 200 000 shares had been issued and put on the market the first time, the share in Ukyo-loan in burnsides list do add up to the total of 200 000 witch is the correct amount that was out on the market, the list of Ukyo's holdings is from the list Burnside published on btct-tc over all asset-holders at bitfunder.

Ken slaughter claims to have sold Ukyo's ~232 000 shares in Activemining on Crypto-Trade when he dumped shares there, but that move was hardly legal, so technically Ken will probably have to tie those shares to ones he owned himself instead and Ukyo would still technically have his shares in Activemining left, but in any case i think the total amount they sold for when ken dumped them was at least over 116 btc and ken slaghter don't have bigger rights to those 116 btc's than any other people Ukyo owes money whether there's in the form of Ukyo loan or Weexchange asset-holder.

There could of course be other changes now to what Ukyo holds compared to when Burnsides list was made, but if Ukyo sold some of the assets on the list he should have around the equivalent amount of BTC instead so in that purpose it shouldent matter much whether he still holds the stock-assets in question or if it's in the form of BTC now, it's still an asset Ukyo has that is of a certain amount of BTC value that is greater than 0 however you count on it.

Except ukyo sold the shares and but the btc in his personal wallet which he claims was in the weexchange wallet too.
Why do you know that this bitcoin address, and so the shares, were bound to ukyo? And did all the shares survive? I mean many IPO's simply vanished after exchanges go down, others cant be traded like ActM and so on.
The list Burnside published is of pretty late date i think it should be from after bitfunder closed for open trades, so if Ukyo sold any of the shares he should have the btc fund from it in a normal working wallet.

The address 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq is the address that matches the amount of Activemining shares that both Ukyo and Ken slaughter mentioned. The closest adreses above and below that one in numbers of activemining shares is:
ActiveMining    565,269    16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP
ActiveMining    75,000    1G9CD1bVJ1E1MrUhC87sxZJ2QZ17uJqzVD
So there's really not much room for doubts there, unless Ukto would have made some deal with ken slaughter to put up some smokescreens and the real owner to 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq hasn't come forward, but that seems very unlikely.

The shares/companys(BitPride, LabRatMining ...) that looks like they diden't survive after bitfunders closure that ukyo's mentioned address had shares in was all very small holdings 0-2 btc so those don't matter much for the total.
Nee & Bee, Rentalstarter, Addiction and to some extent Activeminer have been traded after the closure of bitfunder, it could also have been trades in satushipoker. In Btcquick it will probably take 6-12 months before ukyo gets his money out from that and the investment Ukyo have in Graets loan, there how long it will take will probably depends on how many TH people mines with on Graets pool when Ukyo gets that one payed back. Btcinvest that one kate from ciphermine can probably pay out part of the holdings directly to people that has invested in BTCINVEST but when that can be done only she can tell you. If tradefortress will ever be found and the rest of the funds btc will be payed out is harder to say.

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March 29, 2014, 02:36:12 PM
 #1325

Hello everyone,

I know everyone here is waiting for "the big announcement".

I have been brought in by Jon (Ukyo) to help with the situation. For those who do not know me, I am Danny Brewster of Neo & Bee (https://bitcointalk.org/index.php?topic=289730.0;topicseen) Neo & Bee has agreed to take an active role in ensuring this situation gets resolved.

I have a full understanding of the situation and have agreed to work with Jon to help sort out the problem in the best and quickest manner possible. At this point in time it is no longer possible to be immediately able to pay out all users. Jon has been working to ensure that a process is in place to remedy this situation and to ensure that all users get the bitcoins owed to them. This is the unfortunate reality of the situation. The biggest question is going to be “why or how has this happened?” I will be providing the answer in full, however right now it is impossible for what I would describe as legal reasons, but the answers are coming, that I promise, but cannot give an exact time as to when this information can be made public.

To this end, we would like to ask that everyone continues to be patient while the final preparations are put in place that will allow for users to enable recovery of their funds, the holidays in the United States are not helping with this specific matter in the slightest.

Everyone at Neo & Bee are now involved in this resolution process.

Unlike other situations where an inability to payout bitcoins to users has occurred, Jon has been fully committed to ensuring that payouts will happen. He has not gone into hiding and continues to try to make himself available to people on IRC on a fairly consistent basis. You have trusted Jon with your bitcoins and as of right now, you are being told that there is no immediate solution. At this point, Jon has two options: first he can continue to work with the community to ensure that the issue is resolved properly, or he can throw his hands up and simply say "sorry, there’s nothing I can do". I prefer option one as I think many of you will as well, so that is why I am throwing myself and my team behind this effort to ensure solutions are implemented and successful.

I know both myself and Jon would like to be able to post everything out in the open to give a full explanation about everything that has brought everyone into this position and what is currently going on to resolve this issue. I understand that this is not the optimal solution for any one person, however we believe that it is the best solution for everyone.

You can have my word that everything conceivably possible, to resolve these problems are being done to the best of our abilities.

I would like to thank you for your understanding and cooperation so far and we look forward to having this situation resolved as soon as possible.

thank you for the information

best wishes

Comm: CY5h6q3ckuK4F4pSxrNUK63sxaHoPWiP7T
ShareCoin: SeXNHc5ZQGdE1UYNQptgjD5gte1HNxPhVs
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March 29, 2014, 03:00:02 PM
 #1326

Whelp, half a year later nothing has changed.  Except Danny vanishes, NeoBee trading is halted.  Who could'a guessed?

...
Tl;DR:  Bitcoin's second or third largest bank (Pirateat40's Bitcoin Savings & Trust being the first, with Tradefortress' inputs.io competing for second) steps in to make good on the coin lost in WeEx fiasco remind users to chillax 'till monday.
Much hand-wringing ensues. Nothing happens.  Nothing ever happens.  This is bitcoin.

Quote from: pirateat40 on November 03, 2011, 07:35:28 PM
Quote from: ElectricMucus on November 03, 2011, 07:31:04 PM
Smells like a classical HYIP scam.

If it were, people would have already known it was and I would have wasted my perfect OTC ratings. Sad



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March 29, 2014, 03:07:27 PM
 #1327


Thanks but i dont find his name in any of these documents. Is he really an official CEO/Employee or only some unofficial that isnt mentioned in the papers?


Dude, it's right in front of your eyes! Smiley

Check the Australian ASIC doc (below) that I had previously re-posted from the 94% thread:

https://docs.google.com/file/d/0Bza0Sx1iSRWqRVlNSm94YUtwSjQ/edit?pli=1

Thanks for the hint...
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March 29, 2014, 03:10:39 PM
 #1328


Thanks but i dont find his name in any of these documents. Is he really an official CEO/Employee or only some unofficial that isnt mentioned in the papers?

It does make sense that ukyo own shares in his own loan, he did do regular redeems of shares when people asked for it before the problems started on bitfunder and he probably bought back shares at under face value on the market when people dumped shares before the problems to and resold them at face value or higher price. Ukyo has also bought back some shares after the problems started.
If my memory serves me right there was also a gigantic buywall at low prices(think it was 150 000 or 200 000 shares at 0.005) when bitfunder started it's restriction and whind the site down, i can only imagine it was one of two people that was behind that buywall of 750-1000 btc value, either Ukyo or Cryptocyprus and there was at least on one occasions shares sold into that wall.  
So the share Ukyo has in his own loan in burnsides list is simply shares Ukyo has bought back, either as redeemed shares or on the market at low price, the shares didn't magically dissapear when he bought them back, there was always 200 000 shares out on the market after the full 200 000 shares had been issued and put on the market the first time, the share in Ukyo-loan in burnsides list do add up to the total of 200 000 witch is the correct amount that was out on the market, the list of Ukyo's holdings is from the list Burnside published on btct-tc over all asset-holders at bitfunder.

Ken slaughter claims to have sold Ukyo's ~232 000 shares in Activemining on Crypto-Trade when he dumped shares there, but that move was hardly legal, so technically Ken will probably have to tie those shares to ones he owned himself instead and Ukyo would still technically have his shares in Activemining left, but in any case i think the total amount they sold for when ken dumped them was at least over 116 btc and ken slaghter don't have bigger rights to those 116 btc's than any other people Ukyo owes money whether there's in the form of Ukyo loan or Weexchange asset-holder.

There could of course be other changes now to what Ukyo holds compared to when Burnsides list was made, but if Ukyo sold some of the assets on the list he should have around the equivalent amount of BTC instead so in that purpose it shouldent matter much whether he still holds the stock-assets in question or if it's in the form of BTC now, it's still an asset Ukyo has that is of a certain amount of BTC value that is greater than 0 however you count on it.

Except ukyo sold the shares and but the btc in his personal wallet which he claims was in the weexchange wallet too.
Why do you know that this bitcoin address, and so the shares, were bound to ukyo? And did all the shares survive? I mean many IPO's simply vanished after exchanges go down, others cant be traded like ActM and so on.
The list Burnside published is of pretty late date i think it should be from after bitfunder closed for open trades, so if Ukyo sold any of the shares he should have the btc fund from it in a normal working wallet.

The address 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq is the address that matches the amount of Activemining shares that both Ukyo and Ken slaughter mentioned. The closest adreses above and below that one in numbers of activemining shares is:
ActiveMining    565,269    16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP
ActiveMining    75,000    1G9CD1bVJ1E1MrUhC87sxZJ2QZ17uJqzVD
So there's really not much room for doubts there, unless Ukto would have made some deal with ken slaughter to put up some smokescreens and the real owner to 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq hasn't come forward, but that seems very unlikely.

The shares/companys(BitPride, LabRatMining ...) that looks like they diden't survive after bitfunders closure that ukyo's mentioned address had shares in was all very small holdings 0-2 btc so those don't matter much for the total.
Nee & Bee, Rentalstarter, Addiction and to some extent Activeminer have been traded after the closure of bitfunder, it could also have been trades in satushipoker. In Btcquick it will probably take 6-12 months before ukyo gets his money out from that and the investment Ukyo have in Graets loan, there how long it will take will probably depends on how many TH people mines with on Graets pool when Ukyo gets that one payed back. Btcinvest that one kate from ciphermine can probably pay out part of the holdings directly to people that has invested in BTCINVEST but when that can be done only she can tell you. If tradefortress will ever be found and the rest of the funds btc will be payed out is harder to say.

Sounds good. Ill try asking ukyo when hes in IRC again.
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March 30, 2014, 12:51:35 PM
 #1329


Thanks but i dont find his name in any of these documents. Is he really an official CEO/Employee or only some unofficial that isnt mentioned in the papers?

It does make sense that ukyo own shares in his own loan, he did do regular redeems of shares when people asked for it before the problems started on bitfunder and he probably bought back shares at under face value on the market when people dumped shares before the problems to and resold them at face value or higher price. Ukyo has also bought back some shares after the problems started.
If my memory serves me right there was also a gigantic buywall at low prices(think it was 150 000 or 200 000 shares at 0.005) when bitfunder started it's restriction and whind the site down, i can only imagine it was one of two people that was behind that buywall of 750-1000 btc value, either Ukyo or Cryptocyprus and there was at least on one occasions shares sold into that wall.  
So the share Ukyo has in his own loan in burnsides list is simply shares Ukyo has bought back, either as redeemed shares or on the market at low price, the shares didn't magically dissapear when he bought them back, there was always 200 000 shares out on the market after the full 200 000 shares had been issued and put on the market the first time, the share in Ukyo-loan in burnsides list do add up to the total of 200 000 witch is the correct amount that was out on the market, the list of Ukyo's holdings is from the list Burnside published on btct-tc over all asset-holders at bitfunder.

Ken slaughter claims to have sold Ukyo's ~232 000 shares in Activemining on Crypto-Trade when he dumped shares there, but that move was hardly legal, so technically Ken will probably have to tie those shares to ones he owned himself instead and Ukyo would still technically have his shares in Activemining left, but in any case i think the total amount they sold for when ken dumped them was at least over 116 btc and ken slaghter don't have bigger rights to those 116 btc's than any other people Ukyo owes money whether there's in the form of Ukyo loan or Weexchange asset-holder.

There could of course be other changes now to what Ukyo holds compared to when Burnsides list was made, but if Ukyo sold some of the assets on the list he should have around the equivalent amount of BTC instead so in that purpose it shouldent matter much whether he still holds the stock-assets in question or if it's in the form of BTC now, it's still an asset Ukyo has that is of a certain amount of BTC value that is greater than 0 however you count on it.

Except ukyo sold the shares and but the btc in his personal wallet which he claims was in the weexchange wallet too.
Why do you know that this bitcoin address, and so the shares, were bound to ukyo? And did all the shares survive? I mean many IPO's simply vanished after exchanges go down, others cant be traded like ActM and so on.
The list Burnside published is of pretty late date i think it should be from after bitfunder closed for open trades, so if Ukyo sold any of the shares he should have the btc fund from it in a normal working wallet.

The address 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq is the address that matches the amount of Activemining shares that both Ukyo and Ken slaughter mentioned. The closest adreses above and below that one in numbers of activemining shares is:
ActiveMining    565,269    16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP
ActiveMining    75,000    1G9CD1bVJ1E1MrUhC87sxZJ2QZ17uJqzVD
So there's really not much room for doubts there, unless Ukto would have made some deal with ken slaughter to put up some smokescreens and the real owner to 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq hasn't come forward, but that seems very unlikely.

The shares/companys(BitPride, LabRatMining ...) that looks like they diden't survive after bitfunders closure that ukyo's mentioned address had shares in was all very small holdings 0-2 btc so those don't matter much for the total.
Nee & Bee, Rentalstarter, Addiction and to some extent Activeminer have been traded after the closure of bitfunder, it could also have been trades in satushipoker. In Btcquick it will probably take 6-12 months before ukyo gets his money out from that and the investment Ukyo have in Graets loan, there how long it will take will probably depends on how many TH people mines with on Graets pool when Ukyo gets that one payed back. Btcinvest that one kate from ciphermine can probably pay out part of the holdings directly to people that has invested in BTCINVEST but when that can be done only she can tell you. If tradefortress will ever be found and the rest of the funds btc will be payed out is harder to say.

Sounds good. Ill try asking ukyo when hes in IRC again.

btw BtcQuick has been dissolved and ascension, the former "CEO" of Btcquick has neither delivered any information about the remaining assets as he promised nor he was active in the last 3 weeks; so i guess ýou can cross that of the list
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March 30, 2014, 12:58:12 PM
 #1330


btw BtcQuick has been dissolved and ascension, the former "CEO" of Btcquick has neither delivered any information about the remaining assets as he promised nor he was active in the last 3 weeks; so i guess ýou can cross that of the list
There has been long time between Ascentions updates before and yes because of the dissolvements and because of the times they have to wait for CC card companys claim windows and such it's expected to take 6-12 months before the remaining BTC gets paid out to the  shareholders in btcQuick.

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March 31, 2014, 10:51:19 AM
 #1331


btw BtcQuick has been dissolved and ascension, the former "CEO" of Btcquick has neither delivered any information about the remaining assets as he promised nor he was active in the last 3 weeks; so i guess ýou can cross that of the list
There has been long time between Ascentions updates before and yes because of the dissolvements and because of the times they have to wait for CC card companys claim windows and such it's expected to take 6-12 months before the remaining BTC gets paid out to the  shareholders in btcQuick.

Let's hope so
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April 01, 2014, 08:01:26 PM
 #1332

Over at reddit, they are saying that BTCDanny, the CEO of Neo and Bee, who started this thread has vanished also and is not paying his employees. 

I think that may be the final chapter in this sad affair.

http://www.reddit.com/r/Bitcoin/comments/21xcde/neo_bee_employees_unpaid_and_unable_to_contact/
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April 01, 2014, 08:29:23 PM
 #1333

Actually it looks like Danny has been pulled into the speculated SEC investigation.
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April 01, 2014, 11:00:10 PM
 #1334

Isnt that an aprils fool?
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April 01, 2014, 11:33:36 PM
 #1335

Even if it is, it is not Smiley
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April 02, 2014, 10:32:21 AM
 #1336

Bitcoin enterprise Neo & Bee insolvent

http://www.cryptocoinsnews.com/news/breaking-bitcoin-enterprise-neo-bee-insolvent/2014/04/02

Website:Bitcoin South Africa - Twitter: @bitcoinzar - Facebook: @bitcoinzar
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April 02, 2014, 01:18:28 PM
 #1337

And now the guy that 'vouched for' Ukyo has folded, with user funds 'locked up'.

What's that 'voucher' worth today? It's been worth zero for some of us from the moment we heard it. I'm guessing it's worth zero to a whole lot more people today than yesterday.

Yup.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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April 02, 2014, 02:04:55 PM
 #1338

don't worry, we will get update soon
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April 02, 2014, 02:10:54 PM
 #1339

I contacted Ukyo and asked him about the shares. The Infos in Brackets () are from ukyo directly. I checked the prices of the rest to find out if there is anything worthy.

I dont see a value in those shares at the moment. Please correct my findings.

Code:
Sharename Amount Shares Shareprice Sum Status
ActiveMining 232175 0,00000000 0,00000000 Dont exist anymore. Ken, the owner of ActM, stole practically those shares to get Coins back ukyo owed to him.
ADDICTION 3927 0,00000000 0,00000000 Traded on bitfunder. Arent traded anymore. And price was much lower in november already.
BitPride 85476 0,00000000 0,00000000 (closed/sold(?)) No trades since months.
BTCINVEST 96 0,00000000 0,00000000 Trade Fortress missing, some BTC from Kate/ciphermine holdings
btcQuick 2915576 0,00000000 0,00000000 (values will be payed back to shareholders in 6-12 months time Share value extremely overpriced.) Project seems to be dead so no value.
CRYPTO.LTC 2 0,00000000 0,00000000 Traded on bitfunder. Arent traded anymore.
DISCOVERY 10 0,00000000 0,00000000 Not traded.
FIAT.AUD 1 0,00000000 0,00000000 Traded on bitfunder. Arent traded anymore.
FIAT.USD 27 0,00000000 0,00000000 Traded on bitfunder. Arent traded anymore.
Graet.Loan 979 0,00000000 0,00000000 (when graet gets back on track) So not tradeable since Graet is involved in WeexChange.
Kenilworth 25 0,00000000 0,00000000 Not traded since months. And it seems the last offer to sell wasnt taken.
LabRatMining 15 0,00000000 0,00000000 Not traded since months. And it seems the last offer to sell wasnt taken.
NEOBEE 116667 0,00000000 0,00000000 (Not trading and in tormoil) Bankrupt it seems.
RentalStarter 9505 0,00000000 0,00000000 It seems it can be bought but not sold? My Havelockaccount is locked for some reason.
SatoshiPoker 4000000 0,00000000 0,00000000 (Never traded, not sure where the 8000 shre came from. its anearly defunct site thats nothing but a money trap)
TU.SILVER 11 0,00000000 0,00000000 Not traded since months.
Ukyo.Loan 7695 0,00000000 0,00000000 Worthless at the moment.

Total Sum 0,00000000
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April 02, 2014, 03:30:24 PM
 #1340

Over at reddit, they are saying that BTCDanny, the CEO of Neo and Bee, who started this thread has vanished also and is not paying his employees. 

I think that may be the final chapter in this sad affair.

http://www.reddit.com/r/Bitcoin/comments/21xcde/neo_bee_employees_unpaid_and_unable_to_contact/

It's a bit convenient for those of us following along that all these scams seem to be getting rolled up into one mega-scam. I wonder in the end who the master scammer is Smiley

Will tutor physics or perform DFT calculations for Bitcoin (PM me!): 1jackkHHCLtxryJFAnPhrbvfcomtvXSzg
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