Repeated cross-post from:
https://bitcointalk.org/index.php?topic=297503.msg4699685#msg4699685Ken Slaughter thinks his personal debt is more important than all other Weex users and is using his book education in Indian law to personally keep 100+ BTC worth of shares that I have been trying to sell to distribute to WeEx debtors.
He has gone as far as laugh it off with "good luck gong to belize to sue us"
I will explain it to you, a corporation has a lien on its shares for any sums owed by a shareholder, so we have a lien on your shares. You are the owner of Bitfunder and the funds where on Bitfunder. Because they where transferred to WeEx in a contract that you had with them does not relieve you of your obligation to pay us our funds. Also, 38 BTC was left on Bitfunder and I have screenshots of it being there. I did not authorize it to be transferred to WeEx.
Also from PM:
Just to give you a fair warning, there are a lot of laws in the us about disclosing customer information.
Good luck going to Belize to sue us.
I will explain it to you, a corporation has a lien on its shares for any sums owed by a shareholder, so we have a lien on your shares. You are the owner of Bitfunder and the funds where on Bitfunder. Because they where transferred to WeEx in a contract that you had with them does not relieve you of your obligation to pay us our funds. Also, 38 BTC was left on Bitfunder and I have screenshots of it being there. I did not authorize it to be transferred to WeEx.
The shares have a lien on them. You are hereby notified that if the ~100 BTC is not paid in the next 10 days, we will sell your shares to the public to satisfy your debt to the company. Should the shares not satisfy your debt to the company you will still be liable for the remaining debt. Any amouts over the debt will be disperse to you less any cost of the sale.
I appreciate your 'good luck to sue us'. That's a real show of character.
I suggest all shareholders take heed of this warning.
What is wrong with posting your history? Are you afraid of something? You seem pretty concerned if your willing to make threats over it.
Notice was given 45 days before the transfer from BitFunder to WeExchange.
The site was shutting down and it was known to you that the only method of bitcoin transfer is via WeExchange which you accepted and used.
You should have no funds left on BitFunder. Any account that was properly linked (Which would be the ActM official account) had its full balance transferred. I think everyone is well aware that only a few people who had linking issues with weex have a small stuck balance.
How is it you have an account with 38btc that is not ActM that you are linking into this?
How many more accounts exactly did you create for trading on BitFunder than the handful I know of?
I suppose I will have to do a more in depth search on all of you ip addresses, linked accounts and addresses.
Why have you not claimed or reported this stuck 38btc prior?
You have not mentioned the 6% claimed from the portal yet either and subtracted that.
In the end, your argument is that I owe you XXX btc personally.
If your argument holds up then that means you are not the only debtor.
If this was the case, as someone mentioned prior, any funds of mine would need to be proportionally distributed.
This is not a mechanics lien. You did not do work or provide services. You do not have first right to the funds.
Also I see you are not including "legal costs" of unspecified amounts into what you plan to take from any proceeds.
It sounds like no matter what, your intention it to keep 100% for your personal issues.
And just because you are CEO of a company does not mean you can abuse that authority on behalf of your own personal
problems and desires.
So to be clear, you are using your position as CEO of a company to force a sale of a shareholders shares to ensure your personal BTC losses are covered before other debtors can claim their portion when you have absolutely no evidence to show that the shareholder has directly owes you anything.
You do understand the difference between a corporation and an individual?
I hope you have this same understanding with accounting practices and funds.
WeExchange has a debt to many individuals and not just you.
Again, why the sudden rush and need to sell the shares? Why can't they just be locked worst case scenario?
You seem desperate. Why? I figure it will take you at least 2~3 more months to finish buying back ActM shares.
Why the need for threats? What is it you are so afraid of?
I bet people would love to see the complete shareholder listing as it stands. Would probably be more interesting
if ownership names could be included / proven.
Also, for a lien you must file something, somewhere with a valid reason and provide notification to the person you are filing against.
Normally, unless it is a mechanics lien, you file a lien against a person or entity.
I think you need to talk to your Belize lawyers and not whatever lawyer gave you a book quote rather than an official statutory listing.
(Personally, I would fire that lawyer and hire a new one.)
I found your link very interesting though. How about linking some documentation regarding Belize Corporate law instead?
Unless this is a confession that you are operating as a Indian entity and these are shares of an Indian entity?
You do realize that book is about Corporate laws in India... right? Your lawyer must be short on time and not taken notice.
Next time you are gasping at straws, you should check the first few chapters for relevance and stop trying to mislead people.
(For those of you who are curious, start with page 2. Definition of a company regarding the Companies Act of 1956. (India) and
the following line of "a company formed and registered under previous Company Laws in India."
I am going to go out of my way to say that you have had absolutely zero legal advice and are acting solely based on random google searches
and relying on "Well let him try something." rather than doing things properly.
I truly hope for those who have invested into ActM that you run your business better than this.
Please stop being inconsistent and show people if you actually have an understanding of the things you are talking about.
It's almost like you are purposefully misleading people.
(For anyone curious, feel free to call a US corporate lawyer for a free consultation and ask about shareholder rights and liens.)
Then again, that's US law, not Brazilian.
I response to your unofficial "notice of lien" hereby request that you post the contact information for your corporate Belize lawyers or PM it to me so I can contact them to make arrangements so this can be handled properly and officially. I will make sure that any documents are released to the public so they are fully aware of the situation.
Please keep in mind that your professional manner in handling this situation dictates how you will and ActM will be viewed going forward.
As a ActM shareholder and I am sure many others agree, if ActM is to succeed, it must act properly and not arbitrarily or expose the
company to unnecessary risks.
Stop acting so desperate and do things right.
Thank You,
Ukyo
