[was on GLBSE] LIF.x

[Peter Lambert]

[closed down]

[1715118680]

1715118680

[1715118680]

1715118680

[1715118680]

1715118680

[Bitcoin Swami]

Lambert Investment Funds now has a website: LIFunds.com

Dividends were paid today.

Do you know how much it was per share? I can only go so far back in my history, and my history is taken up with dividends I've payed out.  .

[Ben Walsh (beamer)]

I am interested to know too. Will be interesting to see how the performance of my portfolio compares to these - I may well give up spending my time on management and just pay you the 5% - that said I sort of enjoy it ;O)

[Ben Walsh (beamer)]

FYI - I've spotted a typo / suggest an improved on your website - "Dividend" -> "Dividend per share" on this page - http://lifunds.com/b.htm

Lambert Investment Funds now has a website: LIFunds.com

Dividends were paid today.

Do you know how much it was per share? I can only go so far back in my history, and my history is taken up with dividends I've payed out.  .

Ah yes, I suppose I should have put that info up right away. I will be posting the official report on the website probably later today.

Dividends, August 2011: (In bitcoin per share)
LIF:    0.0005 (umm, don't actually have that info right now, I will update later tonight)
LIF.A: 0.00540818
LIF.B: 0.03681250

* Past performance does not guarantee future returns.

[Ben Walsh (beamer)]

Quick question if I may ...

I understand that LIF.A and LIF.B shares own a part of the shares / other assets that have been purchased with the BTC funds raised through their sale.

What assets does the holder of shares in LIF have part ownership of ?

[Ben Walsh (beamer)]

Excellent. Thanks for the swift response.

I shall be diversifying into LIF once I've seen some healthy returns from my recent LIF.A and LIF.B investments.

I am also very interested in the LIF.VC and will be intrigued to see how you position it against IBB and BST.

Thanks for bringing some quality investment opportunities to GLBSE.

Quick question if I may ...

I understand that LIF.A and LIF.B shares own a part of the shares / other assets that have been purchased with the BTC funds raised through their sale.

What assets does the holder of shares in LIF have part ownership of ?

Holders of LIF own the company Lambert Investment Funds. Right now the company assets include the website, the two market funds (LIF retains 5% of profits from these funds), some other investments, but mostly btc which can be used for investments/advertising/other operational expenses.

[Bitcoin Swami]

This Glbse is very exciting.  Just need to get the bitcoiners eyes off the bitcoin charts and onto the Glbse charts.

[NetTecture]

This Glbse is very exciting.  Just need to get the bitcoiners eyes off the bitcoin charts and onto the Glbse charts.

If you look at bitcoincharts.com it seems there is lots going on, but all the charts are basically moving together. The charts.glbse.com is much more interesting to me because they can all move separately.

But you mis the little issue of none of the company having a vlue making tradable with more than the pocket money of a 15 year old in one month. Not trying to be too negative, but right now the highest volume I see is 200 and the highest 30 day volume 1417 BTC. Good luck making some trading there

[Bitcoin Swami]

This Glbse is very exciting.  Just need to get the bitcoiners eyes off the bitcoin charts and onto the Glbse charts.

If you look at bitcoincharts.com it seems there is lots going on, but all the charts are basically moving together. The charts.glbse.com is much more interesting to me because they can all move separately.

But you mis the little issue of none of the company having a vlue making tradable with more than the pocket money of a 15 year old in one month. Not trying to be too negative, but right now the highest volume I see is 200 and the highest 30 day volume 1417 BTC. Good luck making some trading there

Theres a small amount of people that know about bitcoins and theres an even smaller amount of bitcoiners that know about the GLBSE.  Its gaining volume slowly but surely.  Wasn't it just a command line interface not long ago?

[Ben Walsh (beamer)]

I'm hoping that's where LIF.VC, BST or IBB come in.

I think we need to demonstrate a healthy demand, to stimulate the supply.

[NetTecture]

I'm hoping that's where LIF.VC, BST or IBB come in.

I think we need to demonstrate a healthy demand, to stimulate the supply.

Well, give me a decent investment with a decent company and we talk.

And not for amounts that are in the lunch money area. 1000+ BTC usalble funds in a market with enough liquitkiy (50x1000 BTC turnover daily) and we can talk

Sadly, LIF is not giving any registration info on the website ;(

[Ben Walsh (beamer)]

I'm hoping that's where LIF.VC, BST or IBB come in.

I think we need to demonstrate a healthy demand, to stimulate the supply.

Well, give me a decent investment with a decent company and we talk.

And not for amounts that are in the lunch money area. 1000+ BTC usalble funds in a market with enough liquitkiy (50x1000 BTC turnover daily) and we can talk

Sadly, LIF is not giving any registration info on the website ;(

You expect far too much far too soon.

For now we should reward the small scale businesses that demonstrate professionalism, realism and honesty, while providing frequent, quality communication with shareholders and meeting the deadlines for dividends etc... that they agreed to.

From these we can build to the higher value investments you seek.

[NetTecture]

I'm hoping that's where LIF.VC, BST or IBB come in.

I think we need to demonstrate a healthy demand, to stimulate the supply.

Well, give me a decent investment with a decent company and we talk.

And not for amounts that are in the lunch money area. 1000+ BTC usalble funds in a market with enough liquitkiy (50x1000 BTC turnover daily) and we can talk

Sadly, LIF is not giving any registration info on the website ;(

You expect far too much far too soon.

For now we should reward the small scale businesses that demonstrate professionalism, realism and honesty, while providing frequent, quality communication with shareholders and meeting the deadlines for dividends etc... that they agreed to.

From these we can build to the higher value investments you seek.

Two problems with that.

* a 1000 BTC investment IS a small business. It is TINY for anythign requiring capital. Every small shop needs a lot more than this as capital.
* the list of companies is small. if you take out those not being professional, realistic and honest then pretty much only one is left, or?
* How many of the businesses are legal businesses? Just to check the "honest" part

We need to get something onto GLBSE that has enough size to be real. Dont get me wrong, but if you pay me 500% of my investment per month but the maximum investment is 100 USD then the deal can be as real as you want, it wont be worth looking at it.

I hope someone would get up with something more sizeable. Looks like this is no the case at the moment. Unless this happens, I see a real problem.

[teflone]

heheh you two are funny

I totally condone all the above..just kidding...


I'll pick some up too!  thanks

[teflone]

Made some dividend payments today. Amounts per share:

LIF:    0.01344509
LIF.A: 0.01007157
LIF.B: 0.01937342
LIF.M: 0.00034215

The LIF.M payment was about one day of mining, I plan to do a weekly payout for LIF.M, should be about 7 times that large.

I am considering doing a dividend twice a month, any thoughts?

Ohhh I noticed you did...  Im micro-richer now!

Why was there only one day of mining on the LIF.M ?

[shakaru]

Weekly dividend for LIF.M, 10-7-11: 0.00228173 per share.

I uploaded the september report, http://lifunds.com/files/sep2011.txt.asc

There is a motion up for LIF shareholders.

I am going to up the speed of the LIF.M Contract to 1000mhs min - 1400mhs. Thanks for choosing Shades Minioco for your mining contract needs.

[bitfoo]

I would like to announce something slightly different toady: LIF.CX - Currency Exchange Fund.

Very interesting. How would you determine the amount of fund allocation to BTC and USD to do this market making? Will you also be changing this allocation as BTCUSD goes up and down - holding more in USD if its falling and more BTC when it's rising? Or is that a more risky proposition?

[OgNasty]

I'm not sure I understand where a guaranteed profit to fund a dividend is coming from or the risks involved.

[ovidiusoft]

I'm not sure I understand where a guaranteed profit to fund a dividend is coming from or the risks involved.

He's going to speculate on a very volatile market. There is no guarantee, and the risks are high. Only buy with your cigarette money

[shakaru]

I'm not sure I understand where a guaranteed profit to fund a dividend is coming from or the risks involved.

He's going to speculate on a very volatile market. There is no guarantee, and the risks are high. Only buy with your cigarette money

You mean Cuban money. I dont smoke cigarettes

[avoid3d]

Peter: why did you stop uploading financial reports? where can I find the ones for november

[avoid3d]

< humour > having a baby, as in for breakfast </humour >

Congratulations

[teek]

Thanks to all the investors, LIF.CX is now the highest volume asset on the GLBSE! (Past 30 days by bitcoin volume)

A decision in being made by the LIF board of directors (LIF shareholders), and there is still a few days before the tally is set, but since the vote has been unanimous to this point I will make the change today. The question was asked about the pricing of LIF.CX shares, and they will now be priced at a steady rate of 0.5 btc per share. (Previously, the price was raised to reflect the profits earned between dividends.)

Peter, what are the plans for growth of the fund.  You mention that the shares will be priced at a steady rate of .5 BTC, I am wondering how long / what criteria the fund will use to determine when to sell new shares or not?

teek

[teek]

Damn.  I had open order to buy LIF.B, filled while I slept.  Instant 50% loss.  Do you know when financials will be posted?

[DeaDTerra]

Very sad to hear about LIF.B being cancelled especially as it was up to 0.77 xD Ohh well we all know that the risk of the company going bancrupt is a risk we take when we buy shares, but always sad that it happens. How is it going for the other shares (LIF,LIF.A, etc.)?

[teek]

LIF.B is supposed to be high risk / high reward fund right?  There is a definite need for this kind of fund..  Personally I would like to see it continue, but I think some damage is already done by the announcement..  A no dividend and bad looking financials would have propelled a correction on it's own.. At which time, Peter could have bought back shares aggressively if his end goal is to shut down the fund,   also allowing others to scoop up some shares cheaply if they still believe in the potential of the fund.. in other words, leave it up to the market.  I kind of don't understand the manual adjustments on selling new shares of LIF.A either, but then again my equities knowledge is pretty much limited to stocks..  not very much knowledge about how funds work.  My general understanding would make me think that the fund should sell at what the market would bare as this just puts more money into the pot for investments / fund growth, thus increasing the value for every holder, but I could definitely be wrong on that.  If any one has some insight ?

[teek]

@Peter  no LIF.CX dividend this week?

[vuce]

@Peter  no LIF.CX dividend this week?

And no LIF.M dividends also, apparently...

[teek]

@Peter  no LIF.CX dividend this week?

And no LIF.M dividends also, apparently...

I definitely don't want to be "that guy" spreading FUD..  but does anyone know whatsup with LIF / Peter? 

[terrytibbs]

Baby, probably.
He seems to be a serious guy, and I doubt he's pulling a runner.

Oh well, you'll just have to wait and see!

[teek]

Baby, probably.
He seems to be a serious guy, and I doubt he's pulling a runner.

Ya I generally share that same opinion... but I can't help but find it interesting dividend day came and went and nothing..  It is almost 4 days later..  things that make you go hmmmmmmmmmmm... though I hope for nothing..

[vuce]

Has anyone tried emailing him?

[teek]

@Peter  no LIF.CX dividend this week?

Sorry about the late response, I have been busy with various things the past couple days.

No LIF.CX dividend, I got clobbered in the New-Years jump, was not expecting the price to rise so quickly.

I am waiting to hear back from Shakaru about the mining situation. He has not been responding recently, and until things start moving again there will be no LIF.M dividends.

Good to see ya back!  Hope the clobbering wasn't too serious..

[Peter Lambert]

I will be making an announcement tomorrow. I suggest any orders to buy/sell any of the LIF family of stocks be removed pending the announcement.

[teek]

What about LIF.CX? 

[teek]

I'll wait for the announcement

It is basically already announced, I don't think his idea of "protecting" anyone worked out too well by making a vague, yet negative announcement.  I lost 10 BTC just in buying shares because I had bids up when he released that motion.  Unfortunately 10 btc is a drop in the bucket.. compared to the slaughter I will take on these "solid investments in bitcoin".  If you make an announcement, about a pending announcement, I think you are supposed to leave it up to imagination, ie: leave room for speculation and let natural market forces work their magic.  Announcing a negative news is forthcoming just screwed anyone who was in the market without giving them any chance at all to react and make their decision..  I mean of course rumours can slip out and things of that nature, but this is right from the horses mouth.  I am extremely disapointed.


I genuinely hope there is something I am missing here, and I have mis-understood Peters actions. 

[teflone]

I'll wait for the announcement

It is basically already announced, I don't think his idea of "protecting" anyone worked out too well by making a vague, yet negative announcement.  I lost 10 BTC just in buying shares because I had bids up when he released that motion.  Unfortunately 10 btc is a drop in the bucket.. compared to the slaughter I will take on these "solid investments in bitcoin".  If you make an announcement, about a pending announcement, I think you are supposed to leave it up to imagination, ie: leave room for speculation and let natural market forces work their magic.  Announcing a negative news is forthcoming just screwed anyone who was in the market without giving them any chance at all to react and make their decision..  I mean of course rumours can slip out and things of that nature, but this is right from the horses mouth.  I am extremely disapointed.


I genuinely hope there is something I am missing here, and I have mis-understood Peters actions. 

The announcement coupled with the LIF funds website being down is a bad situation... 

[Peter Lambert]

I will be closing the LIF assets. I have put up orders to buy back the outstanding shares of the LIF assets.

Unfortunately, we lost a bunch of money.

I have been selling off the GLBSE assets held by the fund, but it appears many of the buy offers were not real, and I was only able to recover a small amount for the assets held. Many of the GLBSE assets turned out to be scams.

[teek]

For personal reasons, I have decided to get out of the bitcoin business. I have put up orders to buy back the outstanding shares of the LIF assets.

Unfortunately, my trading strategy seems to have been flawed, we lost a bunch of money.

I have been selling off the GLBSE assets held by the fund, but it appears many of the buy offers were not real, and I was only able to recover a small amount for the assets held. Many of the GLBSE assets turned out to be scams.

Peter, if you don't give us more explanation than this, isn't it you who turned out to be the scam?

[LoupGaroux]

For personal reasons, I have decided to get out of the bitcoin business. I have put up orders to buy back the outstanding shares of the LIF assets.

Unfortunately, my trading strategy seems to have been flawed, we lost a bunch of money.

I have been selling off the GLBSE assets held by the fund, but it appears many of the buy offers were not real, and I was only able to recover a small amount for the assets held. Many of the GLBSE assets turned out to be scams.

For someone who claimed to be doing extensive research, spoke with asset owners, created and ran a blog reviewing those assets, and was the single most visible voice concerning those assets, it seems a little disingenuous to claim that they were scams. And if the "offers" that represent the vast majority of the buy orders for the LIF family of funds are your "buy back" they are not a buy back, they are an insult, and proof that this was nothing but a money grab by one hell of a slick snake oil salesman.

I am done with these two bit little pissant conmen who think the GLBSE should be their personal playground to fleece bitcoin users. I am tired of hearing this bullshit line about how tired they all are after they have raked their profits and made everything they think they can, and now it is time to flush the toilet on their pile of shit.

[vuce]

What about the mining contract? Did you managed to resell it?

[2weiX]

fucking shit.
NOT A SINGLE ONE of my investents on GLBSE is in the green.
I've bought (very minor) amounts of just about anything, just to play around and get a feel.

I have a feel - this fucking shit fucking sucks goat ass, unwashed.

[vuce]

fucking shit.
NOT A SINGLE ONE of my investents on GLBSE is in the green.
I've bought (very minor) amounts of just about anything, just to play around and get a feel.

I have a feel - this fucking shit fucking sucks goat ass, unwashed.

did you try bmmo? Look at the charts Teek does awesome work, regularly pays dividends, and from my calculations this stock is still undervalued (when comparing P/D of some other glbse stocks). You should also note that the price is not everything, dividends are of equal if not greater importance.

[2weiX]

fucking shit.
NOT A SINGLE ONE of my investents on GLBSE is in the green.
I've bought (very minor) amounts of just about anything, just to play around and get a feel.

I have a feel - this fucking shit fucking sucks goat ass, unwashed.

did you try bmmo? Look at the charts Teek does awesome work, regularly pays dividends, and from my calculations this stock is still undervalued (when comparing P/D of some other glbse stocks). You should also note that the price is not everything, dividends are of equal if not greater importance.

oh, I know, I'm a socktrader by profession.
I just don't want mining, I run a mining rig myself, so I got that covered.
I wanted to see if anyone could actually pretend they were pulling profit out of non-mining businesses. they aren't.

Well, one is, I guess: BitCoinTorrentz.
So maybe I'll just go there.

[vuce]

fucking shit.
NOT A SINGLE ONE of my investents on GLBSE is in the green.
I've bought (very minor) amounts of just about anything, just to play around and get a feel.

I have a feel - this fucking shit fucking sucks goat ass, unwashed.

did you try bmmo? Look at the charts Teek does awesome work, regularly pays dividends, and from my calculations this stock is still undervalued (when comparing P/D of some other glbse stocks). You should also note that the price is not everything, dividends are of equal if not greater importance.

oh, I know, I'm a socktrader by profession.
I just don't want mining, I run a mining rig myself, so I got that covered.
I wanted to see if anyone could actually pretend they were pulling profit out of non-mining businesses. they aren't.

Well, one is, I guess: BitCoinTorrentz.
So maybe I'll just go there.

Agreed. I sincerely hope this is going to change though.

[2weiX]

fucking shit.
NOT A SINGLE ONE of my investents on GLBSE is in the green.
I've bought (very minor) amounts of just about anything, just to play around and get a feel.

I have a feel - this fucking shit fucking sucks goat ass, unwashed.

hmm, my ass is rather clean thanks. also in dollar terms my stock is over double... i highly doubt you lust much of anything on TyGrr Tech esp if you count the dividends.

i grant you that the BTC/USD has played favorably for those whose stocks haven't halved.
i also didn't want to attack you personally, i did point out that i wasn't into mining, so I didnt invest in mining, which is what I think you're doing, so you're exempt :-D

[brendio]

This may explain the selling of large volumes of BIB.goat. I thought it was goat himself needing money.

I've taken a large hiding on LIF.CX. Are you really telling us you've managed to lose 95% of our capital with your strategy?!?  The bitcoin price has roughly doubled. If the entire capital were in USD, this would result in a loss of only  50%. I suspect leverage was at play. Nice work if you can get it, betting with other people's money (OPM). If it works, you take 5% of the profits; if you crash and burn it doesn't matter because its OPM, so you lose nothing.

[Ben Walsh (beamer)]

Agreed.

More explanation is necessary. This is extremely disappointing.

It is also unclear whether the current bids for the LIF.A and LIF.CX assets are Peter's.

I would like clarification on that from Peter.

For personal reasons, I have decided to get out of the bitcoin business. I have put up orders to buy back the outstanding shares of the LIF assets.

Unfortunately, my trading strategy seems to have been flawed, we lost a bunch of money.

I have been selling off the GLBSE assets held by the fund, but it appears many of the buy offers were not real, and I was only able to recover a small amount for the assets held. Many of the GLBSE assets turned out to be scams.

Peter, if you don't give us more explanation than this, isn't it you who turned out to be the scam?

[teek]

I've taken a large hiding on LIF.CX. Are you really telling us you've managed to lose 95% of our capital with your strategy?!?  The bitcoin price has roughly doubled. If the entire capital were in USD, this would result in a loss of only  50%. I suspect leverage was at play. Nice work if you can get it, betting with other people's money (OPM). If it works, you take 5% of the profits; if you crash and burn it doesn't matter because its OPM, so you lose nothing.

This.  What the hell.  The guy is supposed to be the most trusted guy in the GLBSE community.  I looked at LIF.CX as a mid-term hedge in a way, and it was Peter's reputation and the sheer volume of OPM that made that possible.  Unfortunately the trust he gained in the community was unfounded, at this point he should be wearing the freakin scammer tag, he isn't even trying to communicate.   The LIF.CX makes me mad more than the others too, because it was the TOP stock and the first one to do massive volume, and it was paying a dividend until just a couple weeks ago, implying that the holdings were at 100 + % at that point.  As well, all of his financials are gone, and he never released the ones for December.

The other thing, he went and deleted all of his posts on this forum, he was a hero member, now he has 70 posts.  Deleted all traces of his websites, this is really feeling like a calculated scam.  In the unfortunate event that he really did lose a bunch of shit, or was in a position where he was holding a bunch of stocks he thought he were worthless, why did he not just come to the community and say look guys, this is the position we are in, and why, with some actual data.  Instead of "duhhhhh, sorry guys, i lost all your money, i'm gonna go now...derrr herp a derp".

  I do have to admit, the writing was on the wall, I had noticed signs of something up for a few weeks at least, but ya know I am a busy guy, I understand how life gets.  I figured the guy had a new baby, wife's probably nagging him a little more, shit just getting to him, fine.  Give him a chance, give him the benefit of the doubt, he's not going to pull a runner, just a little busy.  I even accumulated a little more at what I thought was a good value.   BULLSHIT.

[DeaDTerra]

I was not the one selling the BIB.goat (I am doing very well on BTC and cash right now) and I did see it. I was at first going to buy but some of the few other good stocks were trading at shockingly low values and sent my cash there. I am very happy with what I picked up. At first I was shocked to see TyGrr Tech so low but a buddy tipped me off as to what was going on.

About this guy being the most trusted... I was going to make a rating agency for GLBSE and was questioning him about his operation and who he was. Things did not add up right and I stayed far away. I never did the agency because conflict of interest and because I was too busy. If I get time I will set one up but I do not even have TyGrr.com set up yet... I have been very involved in bitcoin projects.

Why was this guy so trusted? Did he send out his personal info like I did? Anyone know this guy?

he was one of the very first to setup on GLBSE, he had several good companies that ran well very regular dividends. He also had a nice website for it and all the statistics and economics report could be found. But recently is has not been updated and the dividends were being payed out in regular. Hmm should have seen the pattern ... ohh well

[teek]

I was not the one selling the BIB.goat (I am doing very well on BTC and cash right now) and I did see it. I was at first going to buy but some of the few other good stocks were trading at shockingly low values and sent my cash there. I am very happy with what I picked up. At first I was shocked to see TyGrr Tech so low but a buddy tipped me off as to what was going on.

About this guy being the most trusted... I was going to make a rating agency for GLBSE and was questioning him about his operation and who he was. Things did not add up right and I stayed far away. I never did the agency because conflict of interest and because I was too busy. If I get time I will set one up but I do not even have TyGrr.com set up yet... I have been very involved in bitcoin projects.

Why was this guy so trusted? Did he send out his personal info like I did? Anyone know this guy?

@Goat - The BIB.goat is not yours?  I thought it was a joint bond between you and a partner or something?  


Why was he most trusted?  I am ashamed to say I don't even really know.  That is my own fault for not doing proper DD.  People seemed to trust him, I believe in the idea of the GLBSE, he seemed to be the rock in the community, it wasn't crazy amounts of money I was investing, that was good enough for me.  I am pretty sure even Nefario gave him the nod a few times in posts.

@Goat can you comment on the things did not add up right while questioning him please?  

[chmod755]

I have been selling off the GLBSE assets held by the fund, but it appears many of the buy offers were not real, and I was only able to recover a small amount for the assets held. Many of the GLBSE assets turned out to be scams.

This sucks, I think GLBSE should only add verified businesses with real names, addresses, phone numbers,  etc. but errr....you knew that there's no verification on new assets so why didn't YOU check, if they are legit?

[brendio]

I invested, i saw he kept releasing shares (which i didnt vote for and didnt like) I sold my shares with almost no loss, bought at 0.50 sold at 0.49 or 0.48 etc..

That dilution annoyed me a bit. I bought near the end the of the initial IPO, as there was a lot of demand, and if he hadn't issued more, the share price would have risen and he could have issued at a higher price. I should have bailed then instead of holding on.

[teflone]

I have a dirty feeling the more I read..

[sadpandatech]

*sighs*

[Stardust]

Peter Lambert
1703 Park Ave,
Lansing,
Michigan, 48910
+1 (517) 505-0884
petermlambert@gmail.com

Perhaps we should pay him a visit to ensure he does not run away with honest investors' money.

[teflone]

Im a couple hours from there....   

This is sounding shameful, the lack of thought or care put into "getting out of the bitcoin biz"

[Ben Walsh (beamer)]

I don't understand how the LIF.CX fund can go from paying a reasonable dividend one week, and then the following week have lost 90+% of it's value - assuming the current bid orders are Peter's.

@Peter - I would really like an explanation on that.

@Peter - Could you please confirm which of the LIF, LIF.A, LIF.B and LIF.CX bids are yours ?

[OgNasty]

I don't understand how the LIF.CX fund can go from paying a reasonable dividend one week, and then the following week have lost 90+% of it's value - assuming the current bid orders are Peter's.

Perhaps LIF.CX was Peter's Bitcoinica account and he got Zhoutonged.

[Peter Lambert]

OK, look, I am sorry we lost money. I am trying what I can to get some more bitcoins to buy back the shares. (Shakaru owes me some bitcoin, but I really dont know if he is ever going to pay that back, he had some difficulties the past few months).

If you are not satisfied with the price I offered to buy back shares, then put up a sell offer and if I get some bitcoins I will try to buy them back, I can't guarantee how long that will take.

At least I did not just announce that it was all a scam and run away with the hundreds of bitcoins that were left.

[LoupGaroux]

Not actually, no you didn't just announce it as a scam. You announced that you were getting out of the "biz" and that most of the investments you made were scams because you were not able to liquidate the way you wanted.

Offering now to perhaps, maybe buy some of these now worthless assets back, if you maybe somehow manage to gin together a couple of bitcoins is tantamount to admitting you are a scammer.

Your balance sheets indicated as late as yesterday that the funds controlled thousands of bitcoins when last reported. This was after your claimed sell-off. You have indicated that you were intimately involved in researching every asset, and went so far as publishing a blog detailing your studies (which has since been taken down, interestingly!) Yet you expect us to believe that you just tired of the business and somehow got hoodwinked on 97% of the value of what you claimed?

Lies.

I wonder if you ever even invested in a single share of anything, because the activity histories of the assets on the GLBSE do not match up with your claim of a massive sell off at a loss. I suspect you took a lot of investment in, sat on it and have cashed it out, while trying to cover your theft with this lame nonsense about scammers and ghost bids. I suspect you are behind the USGOLD fraud and the GLBSE fraud shares, and became the mouthpiece of outrage and shock when they had grabbed all you thought you could get.

I call for you to carry a scammer tag until you make good on the losses your dismal management of the LIF Funds generated. What you have stolen from me personally amounts to 45.5 btc when I subtract the liquidation value from the price you were pumping up until minutes before your FUD tease and announcement.

Until 45.5 btc is received at 1yh7GAp2bmGPLbjtkuZR26NCgn5QsnwcN I will continue to call out your theft and criminal activities and demand that you carry a scammer tag. I encourage all other victims of your fraud to keep you in the public's eye.

I trust that the physical address you listed in your investment offering materials will also serve for service of legal documents.

[Ben Walsh (beamer)]

I have sold my LIF.A shares. Although the losses I have suffered were high in % terms, they are reasonable with regards to what that fund was investing in.

With regard to below, personally, over the last 6 or so months, I did see Peter asking the volume and type of questions I would have expected of someone running the sort of investment funds he appears to have been running.

I find the removal of such posts, and many others, together with the removal of the blog content and lifunds.com content, unusual to say the least. These are not the behaviours of someone who wishes to remain 100% transparent in their actions.

The losses that would be realised from the selling of my shares in LIF.CX to the current bids are unacceptable without a significantly more detailed explanation. Further, I can't be expected to make a fair and reasonable ask offer, without knowing why so much was lost.

Not actually, no you didn't just announce it as a scam. You announced that you were getting out of the "biz" and that most of the investments you made were scams because you were not able to liquidate the way you wanted.

Offering now to perhaps, maybe buy some of these now worthless assets back, if you maybe somehow manage to gin together a couple of bitcoins is tantamount to admitting you are a scammer.

Your balance sheets indicated as late as yesterday that the funds controlled thousands of bitcoins when last reported. This was after your claimed sell-off. You have indicated that you were intimately involved in researching every asset, and went so far as publishing a blog detailing your studies (which has since been taken down, interestingly!) Yet you expect us to believe that you just tired of the business and somehow got hoodwinked on 97% of the value of what you claimed?

Lies.

I wonder if you ever even invested in a single share of anything, because the activity histories of the assets on the GLBSE do not match up with your claim of a massive sell off at a loss. I suspect you took a lot of investment in, sat on it and have cashed it out, while trying to cover your theft with this lame nonsense about scammers and ghost bids. I suspect you are behind the USGOLD fraud and the GLBSE fraud shares, and became the mouthpiece of outrage and shock when they had grabbed all you thought you could get.

I call for you to carry a scammer tag until you make good on the losses your dismal management of the LIF Funds generated. What you have stolen from me personally amounts to 45.5 btc when I subtract the liquidation value from the price you were pumping up until minutes before your FUD tease and announcement.

Until 45.5 btc is received at 1yh7GAp2bmGPLbjtkuZR26NCgn5QsnwcN I will continue to call out your theft and criminal activities and demand that you carry a scammer tag. I encourage all other victims of your fraud to keep you in the public's eye.

I trust that the physical address you listed in your investment offering materials will also serve for service of legal documents.

[bitfoo]

With regard to below, personally, over the last 6 or so months, I did see Peter asking the volume and type of questions I would have expected of someone running the sort of investment funds he appears to have been running.

I find the removal of such posts, and many others, together with the removal of the blog content and lifunds.com content, unusual to say the least. These are not the behaviours of someone who wishes to remain 100% transparent in their actions.

Peter, maybe you lost a lot of money trading. But why are you trying to cover up your tracks by deleting posts and taking down your websites? Surely you could have done this in a more graceful, transparent manner. You have always been very responsive in PMs with me before, and this new behavior does not seem fitting.

Please consider publishing a final statement of accounts for all your funds, no matter how little their balances. And please sign this statement with your PGP key (this one, for example) to prove your identity. This is the least you could do for your customers and share-holders who once trusted in you.

[teflone]

How the hell do you lose everything and not keep some in case of major loses?  Isnt this like investing 101 ?

Or keeping 50 percent of the shares sold in BTC to buy back shares for instances exactly like this ?

Sounds like someone was Zhoutougned! and playing with other peoples money like a rookie, lost all their money and a lot of your own causing your abandonment  of bitcoin mostly because your pissed off.

You hurt the whole GLBSE community and bitcoin as a whole, and for the record, there is MILLIONS of better
ways to go public with "Im getting out of the biz"

Deleting your posts is highly suspicious and closing your LIF website intentionally screams you are "washing your hands" of the situation.

[teek]

How the hell do you lose everything and not keep some in case of major loses?  Isnt this like investing 101 ?

Or keeping 50 percent of the shares sold in BTC to buy back shares for instances exactly like this ?

Sounds like someone was Zhoutougned! and playing with other peoples money like a rookie, lost all their money and a lot of your own causing your abandonment  of bitcoin mostly because your pissed off.

You hurt the whole GLBSE community and bitcoin as a whole, and for the record, there is MILLIONS of better
ways to go public with "Im getting out of the biz"

Deleting your posts is highly suspicious and closing your LIF website intentionally screams you are "washing your hands" of the situation.

When the dividends of LIF.CX were dwindling during major volatility, I actually felt MORE confident, in that Peter was being conservative with the BTC and not risking too much at once.  Slow and steady wins the race type of idea..  The fact there is a dividend at all means that the original BTC in the fund is safe, we can do better next week, etc etc..  Well next week came alright.. 
 

[memvola]

Peter, maybe you lost a lot of money trading. But why are you trying to cover up your tracks by deleting posts and taking down your websites? Surely you could have done this in a more graceful, transparent manner. You have always been very responsive in PMs with me before, and this new behavior does not seem fitting.

Please consider publishing a final statement of accounts for all your funds, no matter how little their balances. And please sign this statement with your PGP key (this one, for example) to prove your identity. This is the least you could do for your customers and share-holders who once trusted in you.

Agreed. Everything aside, I don't understand why this is happening so summarily. I think Peter could even have handed down the fund to some other party instead of liquidating so hastily, in which case more could be recovered. I have around 1000 shares of LIF.*, so this is a small scale disaster for me.

I didn't invest because I knew Peter was a brilliant investor, I did because I wanted to invest on GLBSE, and LIF would do it for me. I can understand bad trading decisions, but I don't get how a fund can fail outside given limits.

With current information, it looks as if Peter somehow decided to gamble with our money, regardless of which fund they came from, and lost. In which case it is no more in the gray area and becomes a scam/theft/whatever. I would expect someone like him to come clean immediately and try to remedy the situation in a more apt manner. I still hope that the reason he's doing what he's doing is because he's in shock and getting bad advice. Treating your shareholders like this is what you should be trying to avoid, not old posts on a forum (which I'm sure are backed up anyway).

[memvola]

How the money was lost thats important now, so we can learn from it and others companies not to do the same mistake as yours.

if you dont want to do that also, then send me 4 BTC to 1936upyf5zoQhhgoR4BGbCntjG3jYNV1XF, for my 8 LIF.CX shares

BUMP!

I like how people ignorant of the situation are still buying shares, but IMHO the demand here is more important than cutting losses, since this situation is even affecting the proposed idea of a decentralized stock exchange. Maybe we need to devise a different way of doing business altogether. The blunder of LIF, at least to me, shows that even a WoT won't cut it. Maybe the trusted entity itself should comprise multiple identities with distributed authority. More information about these situations would help us develop such a model.

Does anyone have physical access to Peter Lambert here? Maybe we can cover the costs if anyone is willing to meet him personally.

[brendio]

update ??

did you send 4 BTC to my address?

No funds should be sent outside of GLBSE, as there is no (easy) way to verify who owns the shares. Any buyback should be done on GLBSE and should be equally available to all holders, not just the squeaky wheels on here.

[Nefario]

Not trying to hijack this thread, but just to let users know that GLBSE 2.0 is open for testing.

http://dev.glbse.com

I'll try to get in contact with Peter Lambert and see what the story is.

Nefario.

[brendio]

Not trying to hijack this thread, but just to let users know that GLBSE 2.0 is open for testing.

http://dev.glbse.com

I'll try to get in contact with Peter Lambert and see what the story is.

Nefario.

Is there another thread for this? I have some things I'd like to discuss, but don't want to get off-topic.

[kronosvl]

Not trying to hijack this thread, but just to let users know that GLBSE 2.0 is open for testing.

http://dev.glbse.com

I'll try to get in contact with Peter Lambert and see what the story is.

Nefario.

Is there another thread for this? I have some things I'd like to discuss, but don't want to get off-topic.

https://bitcointalk.org/index.php?topic=60489.0

[phelix]

just noticed my LIF.B shares crashed.  

could somebody point me to what happened on 2011-12-08 ?

has somebody saved any data on this fund?

[LoupGaroux]

Beyond just the last four pages... Peter Lambert, the person behind the LIF Funds, killed LIF.B last December by doing a bullshit after the fact announcement after he dumped all of his shares at full price, that the fund would not longer be operated. The shares for the Fund continued to be traded actively, but every one of them was based on nothing.

Short answer- you got screwed by Peter Lambert, as has every one of us who invested in his scam.

[phelix]

just noticed my LIF.B shares crashed.  

could somebody point me to what happened on 2011-12-08 ?

has somebody saved any data on this fund?

read the last 4 pages of this thread...

yeah, I read it all but there seem to be posts missing or external information:

Very sad to hear about LIF.B being cancelled especially as it was up to 0.77 xD Ohh well we all know that the risk of the company going bancrupt is a risk we take when we buy shares, but always sad that it happens. How is it going for the other shares (LIF,LIF.A, etc.)?

Beyond just the last four pages... Peter Lambert, the person behind the LIF Funds, killed LIF.B last December by doing a bullshit after the fact announcement after he dumped all of his shares at full price, that the fund would not longer be operated. The shares for the Fund continued to be traded actively, but every one of them was based on nothing.

Short answer- you got screwed by Peter Lambert, as has every one of us who invested in his scam.

this is sure what it looks like. Peter, please give us more details and numbers. It would help if you could make available all previous public LIF documents.

[sadpandatech]

Beyond just the last four pages... Peter Lambert, the person behind the LIF Funds, killed LIF.B last December

Yea, I lucked out there. I was researching places to invest BTC into about that time. I liked very much what I saw in the Lif.B info. If it was not for my procrastinating and then changing my mind after reading that it was being killed, I would have pumped everything I had at the time into the various Lif funds.

Edit; At the time it was enough to make me stay away from Lif, I did not get the feeling ti was a scam though. I sure hope, even if nothing can be done of the lost funds he comes out and atleast tries to explain everything....  Admitting a mistake(s) was made with other peoples money but it sure beats the alternatives.

1. Full transparency - People will proably use the opportunity to bash you, curse, yell, threaten. But, some level of faith is saved in the community as a whole and in investing in BTC ventures.
2. Cute And Run - People will still bash the crap out of you. Some to the point of possible legal or other crazy actions. And, a lot more faith is lost in the viability of investing in new companies as a result.

Please do the right thing, even if it means making a depressing situation even more difficult to deal with.

-Derek

[meti]

I have 12 Issues of LIF.CX. Bought them at about 0.496 BTC. Does that mean i have to sell them for 0.075 now and accept 5 BTC loss?

At first i thought the whole Bitcoin Issue was a great idea and a revolutionary concept. Now that i'm trying some things out i realized that there are more people trying to steal peoples money than to actually provide some serious and useful services. 

[Ben Walsh (beamer)]

With the information that Peter has come forward with thus far and his behaviours to date, I am not accepting anything less than 0.25 BTC / share.

My ask offer is up as 20 at 0.25 BTC - I expect Peter to honour it.

There is definitely a place for a stock exchange which ensures quality in the assets it lists through far greater verification/validation of asset issuers.
Unless GLBSE makes significant improvements in this area, it won't be them taking that place.

I have 12 Issues of LIF.CX. Bought them at about 0.496 BTC. Does that mean i have to sell them for 0.075 now and accept 5 BTC loss?

At first i thought the whole Bitcoin Issue was a great idea and a revolutionary concept. Now that i'm trying some things out i realized that there are more people trying to steal peoples money than to actually provide some serious and useful services. 

[Ben Walsh (beamer)]

Wow. Just realised how many investors have ask offers up for less than 0.25 BTC. You guys are incredibly forgiving.

With the information that Peter has come forward with thus far and his behaviours to date, I am not accepting anything less than 0.25 BTC / share.

My ask offer is up as 20 at 0.25 BTC - I expect Peter to honour it.

There is definitely a place for a stock exchange which ensures quality in the assets it lists through far greater verification/validation of asset issuers.
Unless GLBSE makes significant improvements in this area, it won't be them taking that place.

I have 12 Issues of LIF.CX. Bought them at about 0.496 BTC. Does that mean i have to sell them for 0.075 now and accept 5 BTC loss?

At first i thought the whole Bitcoin Issue was a great idea and a revolutionary concept. Now that i'm trying some things out i realized that there are more people trying to steal peoples money than to actually provide some serious and useful services. 

[teek]

With the information that Peter has come forward with thus far and his behaviours to date, I am not accepting anything less than 0.25 BTC / share.

My ask offer is up as 20 at 0.25 BTC - I expect Peter to honour it.

I have 187 LIF.CX,  49 LIF, 246 LIF.A, Yes, I got burned, I need 100 BTC back out of this Peter, my orders are up or you can send here:  1NHoQh5z9xULBFpF8N23Mu3gxZv5ZxPjSo

I bought a bunch of this stuff too during the past couple weeks before the "announcment" as I thought LIF was in a temporary lull and would bounce back, due to Peter's good reputation, that he had a baby and was probably busy, the fact that it was Christmas time and he probably wanted to be with his family, the fact that he closed LIF.B to "focus" on his other funds.  In other words, the benefit of the doubt. 

[Ben Walsh (beamer)]

I don't think there should be any further dealing outside of GLBSE.

Actions have been significantly lacking in transparency as it is. The independent records of share transactions provided by GLBSE are very necessary going forward.

With the information that Peter has come forward with thus far and his behaviours to date, I am not accepting anything less than 0.25 BTC / share.

My ask offer is up as 20 at 0.25 BTC - I expect Peter to honour it.

I have 187 LIF.CX,  49 LIF, 246 LIF.A, Yes, I got burned, I need 100 BTC back out of this Peter, my orders are up or you can send here:  1NHoQh5z9xULBFpF8N23Mu3gxZv5ZxPjSo

I bought a bunch of this stuff too during the past couple weeks before the "announcment" as I thought LIF was in a temporary lull and would bounce back, due to Peter's good reputation, that he had a baby and was probably busy, the fact that it was Christmas time and he probably wanted to be with his family, the fact that he closed LIF.B to "focus" on his other funds.  In other words, the benefit of the doubt. 

[Nefario]

There is definitely a place for a stock exchange which ensures quality in the assets it lists through far greater verification/validation of asset issuers.
Unless GLBSE makes significant improvements in this area, it won't be them taking that place.

We'll be making SIGNIFICANT improvements in this area. The two biggest negatives to date about GLBSE has been user interface, and scamming. You can see yourself that a big improvement has been made regarding issue 1, I'll be introducing a fix or at least a major improvement for issue 2 over the next couple of days(as part of GLBSE 2.0)

That said, beamer is on the money.

[2weiX]

There is definitely a place for a stock exchange which ensures quality in the assets it lists through far greater verification/validation of asset issuers.
Unless GLBSE makes significant improvements in this area, it won't be them taking that place.

We'll be making SIGNIFICANT improvements in this area. The two biggest negatives to date about GLBSE has been user interface, and scamming. You can see yourself that a big improvement has been made regarding issue 1, I'll be introducing a fix or at least a major improvement for issue 2 over the next couple of days(as part of GLBSE 2.0)

That said, beamer is on the money.

I am looking SO forward to this, I was thinking to raise a little money myself (to pay for some programming time, advertisement etc etc)... but I guess I'll hold out a little.

[teflone]

No offense Nefario, I hope the interface gets better than what the beta is showing..

This is very little improvement than the Ascii like interface of GLBSE Ver1

[teek]

No offense Nefario, I hope the interface gets better than what the beta is showing..

This is very little improvement than the Ascii like interface of GLBSE Ver1

Unfortunately I have to agree..  I mean the ratings and verification part is cool, but that is just a little added functionality..  UI is not so good.  Webclient is actually better.

[teflone]

No offense Nefario, I hope the interface gets better than what the beta is showing..

This is very little improvement than the Ascii like interface of GLBSE Ver1

Unfortunately I have to agree..  I mean the ratings and verification part is cool, but that is just a little added functionality..  UI is not so good.  Webclient is actually better.

Teeks site is a good example of a clear and easy browsing experience (except the neon green product titles My eyes hurt)

GLBSE now looks at though the old Ver1 has just been plopped into a slight makeover..

To fancy it up a little, if each Stock had a place to embed a small "bit" picture of the respective stocks..  this will add a little flare to a table that will be hard to spice up I presume..

[phelix]

hey! y u hijacking this thread?   

we need to whine about our losses and rant against Peter some more.

[teek]

hey! y u hijacking this thread?   

we need to whine about our losses and rant against Peter some more.

Yeah we do.  We should move the convo elsewhere about glbse ui..

[ColdHardMetal]

Yeah we do.  We should move the convo elsewhere about glbse ui..

Yes please.

https://bitcointalk.org/index.php?topic=60489.0

[teflone]

Waaaaa... I trusted Peter..

Im a little hurt.. 

[teek]

at least i got my 4 btc from him.

Yep.  Peter gave you face value and the rest of us squat though.  Still waiting for my orders to be filled Peter.

[teflone]

at least i got my 4 btc from him.

Yep.  Peter gave you face value and the rest of us squat though.  Still waiting for my orders to be filled Peter.

I feel ya teek, geeezz,

No wonder you were frantic about figuring this out, I had no idea he had such investors like you.

Such a fly by night ending..


So what straw was it that broke the camels back I wonder?

Shorting the hell out of btc.. ?

How does everything fall apart when btc goes up... ?

Somewhere there had to be coins living and breathing and appreciating on their own right?

[phelix]

at least i got my 4 btc from him.

Yep.  Peter gave you face value and the rest of us squat though.  Still waiting for my orders to be filled Peter.

+1

[Nefario]

No offense Nefario, I hope the interface gets better than what the beta is showing..

This is very little improvement than the Ascii like interface of GLBSE Ver1

None taken, it's a work in progress and early days yet. I wanted to get it out there to make sure I was heading in the right direction, for future posts regarding this topic please keep in this thread.
https://bitcointalk.org/index.php?topic=60489.0

[phelix]

at least i got my 4 btc from him.

Yep.  Peter gave you face value and the rest of us squat though.  Still waiting for my orders to be filled Peter.

+1

Peter, if for whatever reason you prefer doing this aside from glbse (as it looks because you have send money directly to others), please send 5.4 BTC to this address to keep me quiet, too:

1BgHVQNjs3wxaZYWcJEwVZNM6x6DkftDAB

[Ben Walsh (beamer)]

Fair enough.

@Peter - My silence will cost 5 BTCs. Please send to this address 13Wu7W7jmjQot7xnqogHYSmUmR1MzyB3YE

[memvola]

Uh, I pretty much sunk ~150 BTC into this (actually double that amount, but that's my fault), so if you would so kindly send the sum to: 1L8ZDC8LTdfUh3fp9qCP9cxWsrUi8pKJhZ

I'll keep quiet for a third of that though.

Or, more constructively, we need to take a group action to at least find out more about the issue. I'm on the other side of the globe, so again, does anyone have physical access to Peter, or else is able to contact through another channel?

[vuce]

Requesting bitcoins in this manner is stupid. You all should make sell orders on glbse, proving you own the appropriate number of shares.

[memvola]

Requesting bitcoins in this manner is stupid. You all should make sell orders on glbse, proving you own the appropriate number of shares.

Well, I was assuming these were tongue-in-cheek comments made while waiting whether Lambert will respond or not... For all we know, someone might have captured him and began acting on his behalf. His actions are almost that weird.

[Ben Walsh (beamer)]

No, it is not stupid. However, what is stupid is commenting on the actions of other people without bothering to read the previous posts ...

I put a sell order up at the price I am willing to accept, notified Peter via this thread and Peter has not yet filled it.

I noted earlier that requesting payments be sent to an address was less than ideal, however, it appears someone, possibly Peter, sent the requested payment to the address specified by another investor. Given the lack of communication with Peter, I am certainly willing to try the same.

Requesting bitcoins in this manner is stupid. You all should make sell orders on glbse, proving you own the appropriate number of shares.

[vuce]

No, it is not stupid. However, what is stupid is commenting on the actions of other people without bothering to read the previous posts

It's in your own best interest not to make such posts. I have no money in this, therefore nothing to lose. If Peter repays someone in this thread who does not own shares, it'll be you who will be on the losing side.

[LoupGaroux]

Gee, the guy took a flyer and has abandoned his Funds, has ripped everyone's money off, and is not communicating at all with anyone publicly or privately.

So placing a sell order is going to help, exactly how? The only thing that might accomplish is suckering some neophyte investor into thinking they have a bargain. They will buy it and find out it is so much bullshit. This is one of the major flaws of the GLBSE, that dead and/or abandoned and/or criminal issues stay up forever and there is no proactive process to remove the rip-offs. Calling Peter Lambert out in the venue that has the most exposure is a far better bet, at least it gets more people noticing that he is a scammer, and while I don't expect to get a bit-dime back from him in this manner, I might keep the awareness happening so that nobody will continue to invest in his crap, as happened for 5 weeks after the LIF.B rip-off.

Is that stupid? You be the judge, apparently you are comfortable with the issue staying open and future potential victims buying this worthless shit. Bully for you market genius boy. Should Peter come back and want proof of investment and loss, it can all be provided.

[teflone]

Gee, the guy took a flyer and has abandoned his Funds, has ripped everyone's money off, and is not communicating at all with anyone publicly or privately.

So placing a sell order is going to help, exactly how? The only thing that might accomplish is suckering some neophyte investor into thinking they have a bargain. They will buy it and find out it is so much bullshit. This is one of the major flaws of the GLBSE, that dead and/or abandoned and/or criminal issues stay up forever and there is no proactive process to remove the rip-offs. Calling Peter Lambert out in the venue that has the most exposure is a far better bet, at least it gets more people noticing that he is a scammer, and while I don't expect to get a bit-dime back from him in this manner, I might keep the awareness happening so that nobody will continue to invest in his crap, as happened for 5 weeks after the LIF.B rip-off.

Is that stupid? You be the judge, apparently you are comfortable with the issue staying open and future potential victims buying this worthless shit. Bully for you market genius boy. Should Peter come back and want proof of investment and loss, it can all be provided.

Lou said it, thats why I gave up on GLBSE, I pray Ver 2 is better

Seriously, how freakin long was dishwara up there..  idiots were trading that shit months after it declared dead

[teflone]

for the record, dishwara was not a scam, he bought back all the shares except just 1

Correction, a dead stock still able to be traded for no reason..

[LoupGaroux]

That's encouraging-

Peter what say you to the other claims here, there and everywhere?

Are you going to be a man and make good on it or are you going to make off with the funds?

[Nefario]

for the record, dishwara was not a scam, he bought back all the shares except just 1

Correction, a dead stock still able to be traded for no reason..

Not anymore, I've removed a lot of the dead and scam shares from trading. They still show up on charts.glbse.com for the moment but should be removed when that site does an update.

I'm going to be removing all but traded and legitimate shares on GLBSE over the next couple of days. Really clear it up before the eventual move to GLBSE 2.0

[brendio]

Hmmm. LIF.CX deleted. So now there's no way to get even 0.075 BTC for my 50 shares. :-(

[teek]

Hmmm. LIF.CX deleted. So now there's no way to get even 0.075 BTC for my 50 shares. :-(

I just went to go check but glbse seems to not be responding properly..  Won't load my portfolio, but from the sounds of it i'd be in the same boat.  I didn't sell any of my shares for that crap, I think i'd rather take a full loss than justify Peter's actions by selling the shares back to him at that price.  Eitherway though, I guess it is a moot point because he flew the coop anyways by the looks of it.  Ugh.

[LoupGaroux]

And that, dear friends, is why any market that hopes to be taken seriously around here needs to have serious enough fees to get in that a criminal needs to think twice about doing a loot and scoot. If there was a 50 or 100 btc escrow balance against the asset creator's integrity, there would be value that could be liquidated to make the asset holders whole. And perhaps a piece of work like little Peter Rip-off Tail might think twice about losing hundreds of his own dollars to steal from others.

That and some hardcore proof of identity to open an investment opportunity, rather than just the ability to post a badly mangled script. The owners of the exchange should have proof of who is offering these assets, and should have the ability to turn that proof over to authorities for action if the asset turns out to be a fraud. Honest business owners should not have a problem with this, criminal douche bags would. Who would you prefer to have starting companies on your exchange?

[brendio]

If there was a 50 or 100 btc escrow balance against the asset creator's integrity, there would be value that could be liquidated to make the asset holders whole.

I think this would have some collateral damage on honest entrepreneurs also. I was thinking of listing the Bitcoin Investment Bank, but not that the fee is 20 BTC, I'm not so sure. That's a huge dint in the profits of a hobby business.

[brendio]

I have sent my 8 LIF.CX shares to peter. I can confirm he sent me the 4 BTC.

thank you peter and good luck

This to me is what makes this a scam, not the loss of 90% of the funds. The lack of disclosure and private deals with influential shareholders. The contract states that all shareholders have the same rights, and yet some holders get their funds back in full, and other have to take a 90% haircut.

If Peter comes out with full disclosure and financials showing how 90% of the funds was lost, then it is not a scam. We all invested knowing our capital was at risk, and invested on the basis of Peter's "strategy". It is now apparent that Peter's strategy involved a lot of risk. That Peter's strategy failed does not make him a scammer. If I were to list an asset calling for investors for my strategy, and that strategy was to go to the casino and place it all on red, and I subsequently lose all shareholders funds, I wouldn't be a scammer, if I show how we lost the money and fulfilled the contract with my shareholders. If I post saying we've lost all the money and then disappear, I am a scammer.

Until I see financials, I am not prepared to accept a bid selling my shares at a loss and Peter should have a scammer tag. Alternatively, Peter can send 24 BTC to 1M4nFtisF8LrbyXbur2DHHo997LBnqLQtK and I will transfer him my 48 LIF.CX holding. But I don't think that's how this should be handled.

[Nefario]

Hmmm. LIF.CX deleted. So now there's no way to get even 0.075 BTC for my 50 shares. :-(

Not deleted, frozen. Everyone who has frozen shares will not be able to trade them. What the asset issuer can then do is make dividend payments until restitution is made.

Assets/shares that are not to be bought by new shareholders should not be traded publicly.

[Nefario]

And that, dear friends, is why any market that hopes to be taken seriously around here needs to have serious enough fees to get in that a criminal needs to think twice about doing a loot and scoot. If there was a 50 or 100 btc escrow balance against the asset creator's integrity, there would be value that could be liquidated to make the asset holders whole. And perhaps a piece of work like little Peter Rip-off Tail might think twice about losing hundreds of his own dollars to steal from others.

That and some hardcore proof of identity to open an investment opportunity, rather than just the ability to post a badly mangled script. The owners of the exchange should have proof of who is offering these assets, and should have the ability to turn that proof over to authorities for action if the asset turns out to be a fraud. Honest business owners should not have a problem with this, criminal douche bags would. Who would you prefer to have starting companies on your exchange?

This above, exactly. We tried to do go the anonymous route based on reputation, hasn't played out too well as you can see.

All of the above points mentioned by LoupGaroux will be a core part of GLBSE2.0 along with more anti-fraud protections.

Nefario.

[Nefario]

I have sent my 8 LIF.CX shares to peter. I can confirm he sent me the 4 BTC.

thank you peter and good luck

This to me is what makes this a scam, not the loss of 90% of the funds. The lack of disclosure and private deals with influential shareholders. The contract states that all shareholders have the same rights, and yet some holders get their funds back in full, and other have to take a 90% haircut.

If Peter comes out with full disclosure and financials showing how 90% of the funds was lost, then it is not a scam. We all invested knowing our capital was at risk, and invested on the basis of Peter's "strategy". It is now apparent that Peter's strategy involved a lot of risk. That Peter's strategy failed does not make him a scammer. If I were to list an asset calling for investors for my strategy, and that strategy was to go to the casino and place it all on red, and I subsequently lose all shareholders funds, I wouldn't be a scammer, if I show how we lost the money and fulfilled the contract with my shareholders. If I post saying we've lost all the money and then disappear, I am a scammer.

Until I see financials, I am not prepared to accept a bid selling my shares at a loss and Peter should have a scammer tag. Alternatively, Peter can send 24 BTC to 1M4nFtisF8LrbyXbur2DHHo997LBnqLQtK and I will transfer him my 48 LIF.CX holding. But I don't think that's how this should be handled.

I would not advise to agreeing to do deals outside the infrastructure of GLBSE. It leaves no record and no accountability.

[memvola]

Not deleted, frozen. Everyone who has frozen shares will not be able to trade them. What the asset issuer can then do is make dividend payments until restitution is made.

So, if no restitution is made, and the issuer doesn't respond, this means we won't be able to even sell into his buy orders?

[sadpandatech]

Not deleted, frozen. Everyone who has frozen shares will not be able to trade them. What the asset issuer can then do is make dividend payments until restitution is made.

So, if no restitution is made, and the issuer doesn't respond, this means we won't be able to even sell into his buy orders?

I understand he is trying to protect some people from buying worthless shit but this is something that worries me. Some guy just doing whatever he thinks is best with other peoples money:(

I would really like to read your policy on when you freeze stocks and why... This was out of no where...

This is a pretty obvious 'use case' for freezing the asset from being traded. If peter wants to 'buy' them at whatever the reduced buy offer supposedly was then all he has to do is pay out didvdend to all outstanding shares @ reduced price * outstanding shares

[Bitcoin Oz]

And that, dear friends, is why any market that hopes to be taken seriously around here needs to have serious enough fees to get in that a criminal needs to think twice about doing a loot and scoot. If there was a 50 or 100 btc escrow balance against the asset creator's integrity, there would be value that could be liquidated to make the asset holders whole. And perhaps a piece of work like little Peter Rip-off Tail might think twice about losing hundreds of his own dollars to steal from others.

That and some hardcore proof of identity to open an investment opportunity, rather than just the ability to post a badly mangled script. The owners of the exchange should have proof of who is offering these assets, and should have the ability to turn that proof over to authorities for action if the asset turns out to be a fraud. Honest business owners should not have a problem with this, criminal douche bags would. Who would you prefer to have starting companies on your exchange?

Think of this as a business opportunity. I posted about looking for founding partners in a share brokers firm to operate on glbse. If you really care about scumbags taking new users to the cleaners its a chance to kick some ass and take some names. I am totally surprised glbse has no brokerage firms setup yet.

I think companies that are listed by this form would sell for a premium if they were vetted properly.

[shakaru]

You know, Im pretty sure Peter is just trying to judge where he currently stands in regards to his ability to have the funds perform to the best of his promised performance. We have worked with each other multiple time and I have no doubt he will do the right thing. I currently hold mutliple shares of his various funds and feel quite comfortable while they are frozen. If peter wanted to run, he could have done so a long time ago.
Give him some time to get things in order and Im sure that the LIF funds will rise again.

[rjk]

You know, Im pretty sure Peter is just trying to judge where he currently stands in regards to his ability to have the funds perform to the best of his promised performance. We have worked with each other multiple time and I have no doubt he will do the right thing. I currently hold mutliple shares of his various funds and feel quite comfortable while they are frozen. If peter wanted to run, he could have done so a long time ago.
Give him some time to get things in order and Im sure that the LIF funds will rise again.

Is this why you haven't sent me some fundage yet?

[LoupGaroux]

Wow, I am glad you can read sunshine and hope into the words "I am getting out of the bitcoin biz" and seeing that he does nothing to address the issues he has created.

If it was his intention to ride the storm out and come back stronger, he sure picked a weird way to do it by announcing that he was dumping everything, there was no recovery available and that everyone was hosed. But hey, that doesn't mean he won't come back, claim it was all a dream sequence and start over again.

Especially if he can find another crop of patsies to fleece.

[phelix]

yeah... Peter please just say somebody hit you on the head with a $5 wrench and come back   

it will take us a while to shut up. Also more people might join the party.

[Peter Lambert]

Since the trading on the LIF.* shares has been frozen, I went ahead and paid out to the remaining shares at the price I had on offer.

[brendio]

Since the trading on the LIF.* shares has been frozen, I went ahead and paid out to the remaining shares at the price I had on offer.

Could you also provide closing financial statements and an explanation of how your strategy went wrong?

Thanks.

[sadpandatech]

Since the trading on the LIF.* shares has been frozen, I went ahead and paid out to the remaining shares at the price I had on offer.

Could you also provide closing financial statements and an explanation of how your strategy went wrong?

Thanks.

Thank you, Peter.

And this, please. It will go a long way to keep confidence if nothing else.

cheers

[Nefario]

I would like to thank Peter for fulfilling his obligations while winding up his company. I think he was a valuable part of the GLBSE community.

[LoupGaroux]

That's one opinion. I think he was a criminal jackass who manipulated the game, used disruptive announcements to control the downward trend of his share value, and cashed out massively by abruptly terminating efforts on his various Funds without notice, without investor input and without care for how much damage he wrecked on the market. He didn't fulfill anything, he fleeced a significant number of people of a very real amount of value. This was done methodically and with a carefully managed program of diversion, mis-information and dishonest statements to keep the attention off his actions. Any crumbs he offered at the end were an insult.

And I think he did this while holding himself out as the sanctimonious guardian against fraud and bad investment, when his own Funds were now the single worst collapse in value and lost investment in the history of the GLBSE. Offering pennies on the value by consciously manipulating the value downward and stealing the difference is not ethical stewardship- it is the hallmark of a thief.

If that makes him a valuable part of the GLBSE community, then in this writer's opinion you are embracing the dishonest element, and should be held accountable for that decision. I wonder if the rest of the owners of the GLBSE feel as warm and welcoming to fraud and methodical theft? The last thing the GLBSE needs at this point is to side with the demons, but if that is your choice... the greater community and market will respond with their rapidly decaying trust and use of the GLBSE.

My address is still live- I look for my payout at his earliest convenience. I won't, however, be holding my breath, or pausing in my efforts to defrock this scammer.

[teek]

I would like to thank Peter for fulfilling his obligations while winding up his company. I think he was a valuable part of the GLBSE community.

He didn't really fulfil much, he just paid a dividend equal to the amount he was offering for his shares.  Which is roughly 15% of what they were the day before he made the announcement, a number alot of us were refusing to take.  I BOUGHT some of these shares THAT DAY at 5x as much as he just gave us, due to open orders I had at the time of the announcement.   LIF.CX was trading at .5 BTC, a price the fund had set itself artificially and he was paying dividends up until 2 weeks before this crap, suggesting he still had the whole .5 in the coffers, an estimated 1500BTC or so.  Now the LIF.A, he claims he got scammed, fine, I don't fully believe it, but it is more believable than LIF.CX, what happened to the that?  Zhotuonged?   He still won't give us more than 1 line answers that are 85% bullshit.  I just got back a whole ~25 BTC from his dividend payment, face value of my shares was ~180 BTC, 85% loss?  The last released financials showed ALL funds in a PROFITABLE position, 30 days passes and everything is down 85%, and Peter just says "duurrrr sorrry guys, have a few pennies". 

Peter - you should make some more dividend payments ASAP, and if you really can't, and the money is all gone, you NEED to tell your shareholders what the fuck happened with some numbers to chew on, instead of this BULLSHIT stance you are taking with us. 
   

[Nefario]

If that makes him a valuable part of the GLBSE community, then in this writer's opinion you are embracing the dishonest element, and should be held accountable for that decision. I wonder if the rest of the owners of the GLBSE feel as warm and welcoming to fraud and methodical theft? The last thing the GLBSE needs at this point is to side with the demons, but if that is your choice... the greater community and market will respond with their rapidly decaying trust and use of the GLBSE.

I guess I spoke too soon, I thought that the issue was that he wasn't making any payment at all, my bad.

In this environment it's difficult to discern the difference between fraud and simple failure. Also bear in mind that we're working a lot of anti-fraud measures into GLBSE 2.0

Now I have frozen peters account, here is a list of his current shares held, where the balance is 0 these are shares that he HAS held before. Give me a little time and I will see if I can find his trade history. There were only a few satoishi's left in the account.

BTCWEB:0
XID.ALPHA:0
SDM:0
IBB:0
LIF.B:1180
BTCNSC:6
BTCBOND.FEB2012:30
BitPonzi:0
CL:0
PBJ:247
BTCBOND.MAY2012:30
BitCoinTorrentz:0
UBTC:91
MESC:10
USGOLD:10
SIN:0
BSF:12
bitdedi:20
TyGrr:0
IMCEX:0
BB:0
SMM:1451
BIB.goat:0
JLP:0
LIF.CX:2172
LIF.M:962
BitFlowSys:0
DISHWARA:0
GEM:4
Bond-RonGross:19
CheaperinBitcoins-Stocks:0
JLP-BMD:0
CM400:0
ENjan16:0
CIB-Solutions:9
SLV:0
MergedMining:0
FPGA.contract:0
CC:0
LIF.A:9170
OPTIMALBITCOIN:0
bit.inc:0
BMMO:0
UBX:0
LIF:671
BCL:11
OTF:0
SDM.LEVA:161
BID:100

[Nefario]

Give me a while, I will also prepare a list of all withdrawals or transfers of bitcoin and the btc addresses. We should be able to determine quickly enough if this is a case of outright fraud, of attempts to cover up mistakes or plain stupidity.

[sadpandatech]

LIF.B:1180
BTCNSC:6
BTCBOND.FEB2012:30
PBJ:247
BTCBOND.MAY2012:30
UBTC:91
MESC:10
USGOLD:10
BSF:12
bitdedi:20
SMM:1451
LIF.CX:2172
LIF.M:962
Bond-RonGross:19
CIB-Solutions:9
LIF.A:9170
LIF:671
SDM.LEVA:161
BID:100

Man, that's ugly. One would hope that a lot of the ones zero'd out were sold recently. But, that should have returned a lot more value back. :/ sooo disheartning. The biggest ones left are his own and SMM, which tanked back in Oct.

Am definetly very curious to see the recent sales...  I've got a sour feeling in the gut that says the good ones were cashed in earlier to put into something much higher risk..? *sighs*

And yes, investor confidence is going to be rocked by the loss of the market leader, and one can only wonder what message it sends to legit asset developers?

this x1000..

[Nefario]

Well having a quick look at his account now and he's not made any BTC withdrawals for some time. Will report more, digging deeper.

[Nefario]

Withdrawal history

Amount(BTC) || Address                                               ||Date(YY-MM-DD)
-20.00000000 || 1Mo2hJjX4nxrFgSKYAvefeH96Smw43zpqo || 11-08-07
-1.50000000 || 1JtPtQTh5yNsCg2y6ywEzqfU5BrYeUjRuW || 11-08-10
-1.74000000 || 1C6xMKmPtgncJ8baiGLKwcmfo5nm2m233w || 11-08-11
-49.99500000 || 1LSCXP7JxJHPLrXZ3TWcAYLqaFFPr8R1tg || 11-10-19
-9.99500000 || 19BbA9cnFVMYtDFGHe9taaaUdvQTaEFQTL || 11-10-21
-17.49500000 || 1EroAsyvhDFoVqnFUB7hxVKmKYFDxFiU64 || 11-10-22
-37.49500000 || 1EoD2BUh4NVvYYXdZaPBXdM8UfwbjLBiwg || 11-10-22
-21.49500000 || 1HMYix5bPp4wzRYdhAHuneh3frAtwNHXBH || 11-10-23
-4.49500000 || 1GoQMU5hDAJPHvfh7bXoQhSacBMbY4MP5U || 11-10-25
-45.99500000 || 12LhAnKRpWpdVBPSyStQ5VBKBR4ZrDpaQf || 11-10-27
-31.49500000 || 148EBg2328sjqWPuizX4YZK3fHmLZNP6GH || 11-10-28
-25.99500000 || 1C4LpUVf6FkibWhKf7dnzVN637bydYf7nz || 11-10-29
-19.49500000 || 1C4LpUVf6FkibWhKf7dnzVN637bydYf7nz || 11-10-29
-20.99500000 || 1FeUeCDu4BKHyqadpLrxTpDGZcu36jiDNH || 11-10-30
-24.99500000 || 1FeUeCDu4BKHyqadpLrxTpDGZcu36jiDNH || 11-10-30
-27.50000000 || 15Q1f4q1BGGqAk5UNNGoB6e3sNpgPKG7sp || 11-11-01
-50.00000000 || 15Q1f4q1BGGqAk5UNNGoB6e3sNpgPKG7sp || 11-11-01
-88.50000000 || 15PAvLteWMLV6kZuCwxUFFNV6X1757CyAV || 11-11-04
-35.50000000 || 15pVYohj4q3Uo3StiUnHYZgrEuKyowUwcb || 11-11-05
-20.00000000 || 15pVYohj4q3Uo3StiUnHYZgrEuKyowUwcb || 11-11-05
-48.41000000 || 16iY6oqVTLEhs9z8vmJ73ZFX5eYFGTnGVy || 11-11-07
-30.00000000 || 12HsWorsgARYf3dxscn6aV73fFf3d9hLTP || 11-11-10
-100.04500000 || 1HERo1RNf9tFySH4ZD8igTDBnKnNBpnLzc || 11-11-12
-11.50000000 || 1HERo1RNf9tFySH4ZD8igTDBnKnNBpnLzc || 11-11-13
-60.00000000 || 1BwyAtfLs4Vw6x7QfoHJsoMB1uUdM7FeHC || 11-11-15
-20.50000000 || 1H64ExDApWKgRTynE2hCLsAs3rhNQhDxfn || 11-11-17
-13.94500000 || 1Leq1tTGPWNwujbiFCucdgmy4CRVe4tEb7 || 11-11-19
-155.99500000 || 1EX2xkiLxTAHyCVR18qvzm9v6rZh3FhCfu || 11-11-20
-58.49500000 || 1Mo2hJjX4nxrFgSKYAvefeH96Smw43zpqo || 11-11-22
-43.99500000 || 1Mo2hJjX4nxrFgSKYAvefeH96Smw43zpqo || 11-11-25
-49.99500000 || 13jBAntpDdaWPkA5fqCjqhmUrbjSd5nQfn || 11-12-22

Grand total BTC -1147.56000000

Deposit history
.57000000 ||  11-08-03
5.00000000 ||  11-08-25
.90430888 ||  11-09-30
4.56347366 ||  11-10-07
3.85786629 ||  11-10-14
15.54170000 ||  11-11-04
22.12000000 ||  11-11-11
40.00000000 ||  11-11-30
15.00000000 ||  11-12-01
200.00000000 ||  11-12-03
30.00000000 ||  11-12-10
40.00000000 ||  11-12-11
50.00000000 ||  11-12-15
43.01000000 ||  11-12-31
30.00000000 ||  11-12-31
40.94742400 ||  12-01-05
95.22108000 ||  12-01-05
78.66631980 ||  12-01-06
.90000000 ||  12-01-14
.56000000 ||  12-01-14
1.97290702 ||  12-01-17
10.00000000 ||  12-01-18
3.46929550 ||  12-01-20
8.00000000 ||  12-01-24


Grand total BTC 740.30437515

Dividend payments total 443.42382796

[Nefario]

All peters sells
http://pastie.org/3272210

All his buys
http://pastie.org/3272220

[Nefario]

I don't know, I haven't the time or the necessary skill in working out from these records where the mistake lies. This is why I've made them available in public, for the shareholders to pick through and work out for themselves whether fraud was involved.

I am guessing someone who has some experience trading in stock markets (or other kinds) might be able to work it out.

I have also looked at what accounts were the biggest buyers and sellers of these assets and have come to the conclusion that no foul play was involved, none had made an exceptionally large number of trades in them. That is Peter had not set up another account to secretly buy up his own shares to give the market the impression there was more demand than there really was.

I'm waiting for LIF shareholders to give their verdict on Peters intentions.

Nefario.

[phelix]

Since the trading on the LIF.* shares has been frozen, I went ahead and paid out to the remaining shares at the price I had on offer.

Could you also provide closing financial statements and an explanation of how your strategy went wrong?

Thanks.

+1  for each stock

it looks like something went wrong around december 7th - what happened Peter?

thanks nefario for posting the data

what will happen to the stocks in Peter's account?

[Nefario]

what will happen to the stocks in Peter's account?

I'm not sure, how many of them are there left that are legit shares?

I think either they should be sold at market price, and the proceeds paid to the shareholders, although I would have no idea on how they be distributed across which shares.

You're the shareholders, you guys work out whats left and what you'd like to do with it.

Nefario.

[tablekart]

hey NEF,

- make a new company "XYZ"
- move all abandoned shares from LIF into the XYZ
- proportionaly distribute XYZ shares to LIF shareholders
- sell or manage abandoned shares from LIF and pay dividends to XYZ shareholders

you can use this system for all bad companies

[phelix]

hey NEF,

- make a new company "XYZ"
- move all abandoned shares from LIF into the XYZ
- proportionaly distribute XYZ shares to LIF shareholders
- sell or manage abandoned shares from LIF and pay dividends to XYZ shareholders

you can use this system for all bad companies

he sounds like he does not have the time / motivation. I think somebody with good forum reputation and a lot of lif stocks should get the job.

[sadpandatech]

hey NEF,

- make a new company "XYZ"
- move all abandoned shares from LIF into the XYZ
- proportionaly distribute XYZ shares to LIF shareholders
- sell or manage abandoned shares from LIF and pay dividends to XYZ shareholders

you can use this system for all bad companies

that would work great except there is no holdings left that are worth a shit...

[Nefario]

hey NEF,

- make a new company "XYZ"
- move all abandoned shares from LIF into the XYZ
- proportionaly distribute XYZ shares to LIF shareholders
- sell or manage abandoned shares from LIF and pay dividends to XYZ shareholders

you can use this system for all bad companies

he sounds like he does not have the time / motivation. I think somebody with good forum reputation and a lot of lif stocks should get the job.

Shareholders could appoint a liquidator(who could I would give power to do the above). But as was mentioned, there doesn't seem to be anything there of any worth. Has anyone calculated the current value of the remaining portfolio?

Nefario

[teek]

Shareholders could appoint a liquidator(who could I would give power to do the above). But as was mentioned, there doesn't seem to be anything there of any worth. Has anyone calculated the current value of the remaining portfolio?

Nefario

There is 60 BTC of bonds there that are not yet redeemable, if they aren't a scam that is. 

[brendio]

Shareholders could appoint a liquidator(who could I would give power to do the above). But as was mentioned, there doesn't seem to be anything there of any worth. Has anyone calculated the current value of the remaining portfolio?

Nefario

There is 60 BTC of bonds there that are not yet redeemable, if they aren't a scam that is. 

What I was about to say before my computer froze up on me. I emailed the issuer back when they listed because I wanted more info before I invested. I never got a response, so I wasn't confident enough to buy. The February bonds mature on Feb 8, so we'll know soon.

The other issue for a liquidator is knowing which stock belongs to which fund. It looks like Peter was running all the funds out of the one account, so without financial statements we don't know what belongs where.

[teek]

Shareholders could appoint a liquidator(who could I would give power to do the above). But as was mentioned, there doesn't seem to be anything there of any worth. Has anyone calculated the current value of the remaining portfolio?

Nefario

There is 60 BTC of bonds there that are not yet redeemable, if they aren't a scam that is. 

What I was about to say before my computer froze up on me. I emailed the issuer back when they listed because I wanted more info before I invested. I never got a response, so I wasn't confident enough to buy. The February bonds mature on Feb 8, so we'll know soon.

The other issue for a liquidator is knowing which stock belongs to which fund. It looks like Peter was running all the funds out of the one account, so without financial statements we don't know what belongs where.

LIF.B was defunct before all this and the holdings do not apply to LIF.M or LIF.CX so, they are all LIF.A I would imagine.

[Ben Walsh (beamer)]

Well I for one sold my LIF.A shares to Peter at what he led us to believe was the best price we could hope for. If there are any remaining LIF.A assets, I will be seeking my share of their realised value.

What a fucking mess.

PETER - Your management fees were for professionally operating and winding up these funds. Do your fucking job, rather than expecting others to clear up your mess.

Shareholders could appoint a liquidator(who could I would give power to do the above). But as was mentioned, there doesn't seem to be anything there of any worth. Has anyone calculated the current value of the remaining portfolio?

Nefario

There is 60 BTC of bonds there that are not yet redeemable, if they aren't a scam that is. 

What I was about to say before my computer froze up on me. I emailed the issuer back when they listed because I wanted more info before I invested. I never got a response, so I wasn't confident enough to buy. The February bonds mature on Feb 8, so we'll know soon.

The other issue for a liquidator is knowing which stock belongs to which fund. It looks like Peter was running all the funds out of the one account, so without financial statements we don't know what belongs where.

LIF.B was defunct before all this and the holdings do not apply to LIF.M or LIF.CX so, they are all LIF.A I would imagine.

[phelix]

[...]
What a fucking mess.

PETER - Your management fees were for professionally operating and winding up these funds. Do your fucking job, rather than expecting others to clear up your mess.

+1

[...]
LIF.B was defunct before all this and the holdings do not apply to LIF.M or LIF.CX so, they are all LIF.A I would imagine.

To the contrary it all started with LIF.B

Very good idea to fork our powers by the way. 

[brendio]

[...]
LIF.B was defunct before all this and the holdings do not apply to LIF.M or LIF.CX so, they are all LIF.A I would imagine.

To the contrary it all started with LIF.B

Very good idea to fork our powers by the way. 

[/quote]

Was LIF.B completely wrapped up before all this happened? I know it was announced that it was discontinued, but I thought there were still shares outstanding for LIF.B.

[phelix]

[...]
LIF.B was defunct before all this and the holdings do not apply to LIF.M or LIF.CX so, they are all LIF.A I would imagine.

To the contrary it all started with LIF.B

Very good idea to fork our powers by the way. 

Was LIF.B completely wrapped up before all this happened? I know it was announced that it was discontinued, but I thought there were still shares outstanding for LIF.B.
[/quote]

if there was any information about this from Peter he removed it by now

[Nefario]

Very well, next step is to wait for the bonds to mature (hopefully) and if they do then I'll make the final payments on them.

Ben, if this happens I'll talk to you separately and see what we can come up with.

In the meantime, it has become obvious that Peter was not doing his job, i.e. he was not doing what he was advertising. Verifying the integrity of various assets he invested in, instead it seems he threw it into almost any asset going.

I'm unsure what action may be taken against him if any. He's certainly bared from issuing shares on GLBSE again. Does anyone have any information regarding his real life identity?
Please PM me.

Nefario

[LoupGaroux]

I am in the same boat as Ben on selling them back at the offered rate. I also liquidated my .M and .CX holdings at a fraction of the artificially implemented value.

Peter claimed that .B was dead in early December, although trading remained active in it for several weeks past that announcement, because like every other scam asset floated on GLBSE, there is piss poor communication and nobody knows which venue is the actual one to be notified in.

[shakaru]

Whats going on with this? Lambert still had some time left on the contract he held. How should I move on then?

[phelix]

 

[phelix]

hey NEF,

- make a new company "XYZ"
- move all abandoned shares from LIF into the XYZ
- proportionaly distribute XYZ shares to LIF shareholders
- sell or manage abandoned shares from LIF and pay dividends to XYZ shareholders

you can use this system for all bad companies

he sounds like he does not have the time / motivation. I think somebody with good forum reputation and a lot of lif stocks should get the job.

Shareholders could appoint a liquidator(who could I would give power to do the above). But as was mentioned, there doesn't seem to be anything there of any worth. Has anyone calculated the current value of the remaining portfolio?

Nefario

for 10% of the payouts I would handle it. dividing payouts between all stocks including LIF.B (weighted by IPO prices?). online spreadsheet for full transparency.

[memvola]

for 10% of the payouts I would handle it. dividing payouts between all stocks including LIF.B (weighted by IPO prices?). online spreadsheet for full transparency.

Yes, I also think it should be weighted by IPO prices. I would be really glad if you did that. My vote has > 700 shares of LIF.* (wish I hadn't sold the rest).

[brendio]

There is 60 BTC of bonds there that are not yet redeemable, if they aren't a scam that is. 

What I was about to say before my computer froze up on me. I emailed the issuer back when they listed because I wanted more info before I invested. I never got a response, so I wasn't confident enough to buy. The February bonds mature on Feb 8, so we'll know soon.

Anyone know whether the bonds were redeemed?

[brendio]

There is 60 BTC of bonds there that are not yet redeemable, if they aren't a scam that is. 

What I was about to say before my computer froze up on me. I emailed the issuer back when they listed because I wanted more info before I invested. I never got a response, so I wasn't confident enough to buy. The February bonds mature on Feb 8, so we'll know soon.

Anyone know whether the bonds were redeemed?

I presume that's a no?

[Nefario]

On checking his account there was 819000569 satoishi's in there which works out to a little over 8.19BTC I think.

So some of the held assets have cashed in. Not the windfall we were hoping for.

[shakaru]

Nefario,

What information does your servers collect on client identification?  (ip, mac addy, ect). Between this fiasco and the SIN scam, I am in the mood to take one of these two asshole out. Can we not publically post all that we have on lambert?

[phelix]

Nefario,

What information does your servers collect on client identification?  (ip, mac addy, ect). Between this fiasco and the SIN scam, I am in the mood to take one of these two asshole out. Can we not publically post all that we have on lambert?

look further up the thread for pl's data   <wondering what you want to do...>

[shakaru]

I see his trades, assets, but cant find his info. Mind pointing me to it?

[Nefario]

I'll have to dig though logs, it could take a while.

[phelix]

I see his trades, assets, but cant find his info. Mind pointing me to it?

Peter Lambert
1703 Park Ave,
Lansing,
Michigan, 48910
+1 (517) 505-0884
petermlambert@gmail.com

Perhaps we should pay him a visit to ensure he does not run away with honest investors' money.

[phelix]

Nefario, any news?

[Nefario]

Nefario, any news?

I've tried calling over the weekend, no luck. I'll give it another try tomorrow, when it's monday morning where he is.

Nefario.

[Nefario]

18BTC has been paid out to LIF.B, the asset is not being brought over to GLBSE2.0

Nefario

Number of assets paid  820
Total amount paid        18BTC
Payment per share   2195121

[notawake]

18BTC has been paid out to LIF.B, the asset is not being brought over to GLBSE2.0

Nefario

Number of assets paid  820
Total amount paid        18BTC
Payment per share   2195121

I don't know if you mentioned this previously, but what about the other LIF assets?

[Nefario]

18BTC has been paid out to LIF.B, the asset is not being brought over to GLBSE2.0

Nefario

Number of assets paid  820
Total amount paid        18BTC
Payment per share   2195121

I don't know if you mentioned this previously, but what about the other LIF assets?

AFAIK the other assets had been bought back, leaving only LIF.B outstanding.

[phelix]

18BTC has been paid out to LIF.B, the asset is not being brought over to GLBSE2.0

Nefario

Number of assets paid  820
Total amount paid        18BTC
Payment per share   2195121

I don't know if you mentioned this previously, but what about the other LIF assets?

AFAIK the other assets had been bought back, leaving only LIF.B outstanding.

I don't quite understand... please explain in more detail.


imho a very big problem of glbse 1.0 was the lack of official communication channels. I only noticed lif.b had been shut down months late.

[phelix]

Just noticed PL never got a scammer tag.

Just so everyone knows: Peter Lambert is a scammer.

Peter Lambert
1703 Park Ave,
Lansing,
Michigan, 48910
+1 (517) 505-0884
petermlambert@gmail.com

Perhaps we should pay him a visit to ensure he does not run away with honest investors' money.

[DeaDTerra]

Just noticed PL never got a scammer tag.

Just so everyone knows: Peter Lambert is a scammer.

Peter Lambert
1703 Park Ave,
Lansing,
Michigan, 48910
+1 (517) 505-0884
petermlambert@gmail.com

Perhaps we should pay him a visit to ensure he does not run away with honest investors' money.

Ah this was a while ago
Classic scam xD
//DeaDTerra

[teflone]

Just noticed PL never got a scammer tag.

Just so everyone knows: Peter Lambert is a scammer.

Peter Lambert
1703 Park Ave,
Lansing,
Michigan, 48910
+1 (517) 505-0884
petermlambert@gmail.com

Perhaps we should pay him a visit to ensure he does not run away with honest investors' money.

Triple agree!


God....  this is crazy...  im in awe..

scams everywhere...   WTF happened to Peter...  another scumbag that never got his dues...  and got all ours... 

[LoupGaroux]

Interestingly enough, I was researching some companies in the Lansing area earlier this week, and came across one with an address very, very similar to this one, which purports to be a legit company doing business with the automotive industry. The hook is that the president of the company is supposedly named "Satoshi Nakamoto"!

One wonders if perhaps Perp Lambert has branched out into a much larger scale of scam?

I will be taking a field trip for more details soon. I would love to bring a sense of justice to his other scams.

[memvola]

Interestingly enough, I was researching some companies in the Lansing area earlier this week, and came across one with an address very, very similar to this one, which purports to be a legit company doing business with the automotive industry. The hook is that the president of the company is supposedly named "Satoshi Nakamoto"!

One wonders if perhaps Perp Lambert has branched out into a much larger scale of scam?

I will be taking a field trip for more details soon. I would love to bring a sense of justice to his other scams.

It's possibly the same company the Internets say PL is working for, though it might also be a new one. Thanks for pursuing this.

[MPOE-PR]

Interestingly enough, I was researching some companies in the Lansing area earlier this week, and came across one with an address very, very similar to this one, which purports to be a legit company doing business with the automotive industry. The hook is that the president of the company is supposedly named "Satoshi Nakamoto"!

One wonders if perhaps Perp Lambert has branched out into a much larger scale of scam?

I will be taking a field trip for more details soon. I would love to bring a sense of justice to his other scams.

Well if you're still looking for a trip, PeterLambert is in #bitcoin-assets now,

Oct 06 20:12:29 <PeterLambert>   bitvps
Oct 06 20:12:31 <rg>   for the next 2 weeks
Oct 06 20:12:38 <mircea_popescu>   rg you noticed i raised it ?
Oct 06 20:12:44 <mircea_popescu>   PeterLambert ?!
Oct 06 20:12:44 <rg>   no i didn't
Oct 06 20:12:48 <PeterLambert>   yes?
Oct 06 20:12:52 <rg>   it was already a rip off
Oct 06 20:12:54 <rg>   you raised it more?
Oct 06 20:12:57 <mircea_popescu>   quite the cheek. how dare you show your face here ?
Oct 06 20:13:01 <mircea_popescu>   rf 30.
Oct 06 20:13:12 <rg>   lol what a scam
Oct 06 20:13:18 <PeterLambert>   I have a face
Oct 06 20:13:30 <mircea_popescu>   PeterLambert you also have a bunch of defrauded investors.
Oct 06 20:13:59 <PeterLambert>   ? maybe they can be included in the glbse shutdown
Oct 06 20:14:06 <mircea_popescu>   maybe you can get fucked.
Oct 06 20:14:16 <PeterLambert>   I never did get any communicatio from nefario
Oct 06 20:14:24 <mircea_popescu>   what is this, you think you run with everyone;'s money, come back a year later all is forgotten ?
Oct 06 20:14:27 <mircea_popescu>   all is not forgotten.
Oct 06 20:15:05 <rg>   what asset was his
Oct 06 20:15:06 <rg>   and what happened
Oct 06 20:15:11 <rg>   i was around a year ago and i dont know who he is
Oct 06 20:15:12 <mircea_popescu>   LIF.x
Oct 06 20:15:19 <mircea_popescu>   back in 2011. first glbse scammer pretty much
Oct 06 20:15:27 <mircea_popescu>   he started the trend.
Oct 06 20:15:40 <assbot>   [MPEX] [S.MPOE] 12687 @ 0.00037269 = 4.7283 BTC

Oct 06 20:15:41 <assbot>   [MPEX] [S.MPOE] 413 @ 0.00037545 = 0.1551 BTC

Oct 06 20:15:49 <PeterLambert>   no, I think that title goes to cuddlefish
Oct 06 20:16:14 <rg>   peterlambert have you come to repay your share holders?
Oct 06 20:16:35 <PeterLambert>   Usagi did not learn from my mistakes
Oct 06 20:16:40 <mircea_popescu>   ;;rate PeterLambert -3 the original GLBBQ scammer. Made a bunch of "funds", LIF.*, made all sorts of claims as to their investment policies, ran off.
Oct 06 20:16:41 <gribble>   Error: User doesn't exist in the Rating or GPG databases. User must be GPG-registered to receive ratings.
Oct 06 20:16:49 <PeterLambert>   I have no idea who they are
Oct 06 20:16:54 <mircea_popescu>   gtfo your mistakes.
Oct 06 20:17:08 <mircea_popescu>   i can't believe the nerve of you idiots.
Oct 06 20:17:18 <mircea_popescu>   btc is not for scammers, go back to nigeria or w.e you sprout from.
Oct 06 20:17:21 <rg>   if theres one thing i hate more than curly haired romanians
Oct 06 20:17:24 <rg>   its scammers
Oct 06 20:17:32 <rg>   :-D
Oct 06 20:17:32 <PeterLambert>   so most of the money I lost went to shakaru
Oct 06 20:17:47 <mircea_popescu>   PeterLambert nobody cares.
Oct 06 20:18:00 <PeterLambert>   oh, well nevermind then
Oct 06 20:19:14 <mircea_popescu>   rg https://bitcointalk.org/index.php?topic=35775.0 there you have it, in all its splendour
Oct 06 20:19:25 <mircea_popescu>   asshat even deleted his posts, deleted his site, complete and utter scammer.
Oct 06 20:20:18 <PeterLambert>   but no scammer tag?
Oct 06 20:21:14 <mircea_popescu>   apparently you haven't learned from usagi's mistakes either.
Oct 06 20:22:00 <rg>   nice peter
Oct 06 20:22:04 <rg>   how many btc did you steal
Oct 06 20:22:06 <rg>   1200 ?
Oct 06 20:22:21 <rg>   ;;calc 1200 * [ticker --last]
Oct 06 20:22:21 <gribble>   15297.564
Oct 06 20:22:25 <rg>   wow
Oct 06 20:22:30 <rg>   you'd go prison for hat
Oct 06 20:22:31 <rg>   that*
Oct 06 20:22:36 <mircea_popescu>   rg it's not even that. it's the eggregiousness of it. he was like, writing extensively about the various stocks and w/e, analuysing them, bla bla.
Oct 06 20:22:43 <mircea_popescu>   then one day... o sorry, "they were all scams".
Oct 06 20:22:48 <rg>   lol
Oct 06 20:22:56 <rg>   hey we're making 30%/mo on our deposits!
Oct 06 20:22:59 <rg>   oh btw
Oct 06 20:23:02 <rg>   i cant pay you any of it.
Oct 06 20:23:02 <mircea_popescu>   i mean, half the people investing at  that time didn't even do any dd, just went by his bs.
Oct 06 20:23:10 <rg>   that's sad
Oct 06 20:23:16 <rg>   one thing that's good about glbse closing is..
Oct 06 20:23:24 <rg>   unexperienced investors wont be able to make uninfomed decisions

[LoupGaroux]

Most of the money he made went to shakuru??? Next he will be telling us that George Bush made him do it. Talk about trying to blame somebody else way too late for anyone to believe his sorry ass.

I am still planning on being in that part of Michigan in the coming weeks for a day or two. If he is playing the games that I believe he is, the people that he is playing them on will not be amused, and at the very least he will find his business in serious trouble.

Hey Peter? Since you are clearly still lurking here- how about a little restitution to your victims you scamming piece of garbage?

[phelix]

fake?

[Peter Lambert]

Interestingly enough, I was researching some companies in the Lansing area earlier this week, and came across one with an address very, very similar to this one, which purports to be a legit company doing business with the automotive industry. The hook is that the president of the company is supposedly named "Satoshi Nakamoto"!

One wonders if perhaps Perp Lambert has branched out into a much larger scale of scam?

I will be taking a field trip for more details soon. I would love to bring a sense of justice to his other scams.

I just happened to be glancing back at the forum after some time away, this supposition seems rather far-fetched. You can check google maps, that address is in a residential neighborhood, I don't know why other businesses would have anything anywhere near it. And I have never used the name "Satoshi Nakamoto" before.

I was never contacted by Nefario at any point, I was trying to figure out how to liquidate the remaining assets (which unfortunately were not worth much) when the accounts were frozen and the assets removed from the now defunct GLBSE.

Interesting that one of the loudest detractors was shakaru even as he was swindling me out of hundreds of bitcoins. I am not one to point fingers (and I guess I was way too trusting), but evidence came out after all this that he had stolen hundreds of bitcoins from other people as well.

Hey Peter? Since you are clearly still lurking here- how about a little restitution to your victims you scamming piece of garbage?

If only there was a way for me to know who to send restitution to? Seems that the GLBSE has disappeared.

[phelix]

Interestingly enough, I was researching some companies in the Lansing area earlier this week, and came across one with an address very, very similar to this one, which purports to be a legit company doing business with the automotive industry. The hook is that the president of the company is supposedly named "Satoshi Nakamoto"!

One wonders if perhaps Perp Lambert has branched out into a much larger scale of scam?

I will be taking a field trip for more details soon. I would love to bring a sense of justice to his other scams.

I just happened to be glancing back at the forum after some time away, this supposition seems rather far-fetched. You can check google maps, that address is in a residential neighborhood, I don't know why other businesses would have anything anywhere near it. And I have never used the name "Satoshi Nakamoto" before.

I was never contacted by Nefario at any point, I was trying to figure out how to liquidate the remaining assets (which unfortunately were not worth much) when the accounts were frozen and the assets removed from the now defunct GLBSE.

Interesting that one of the loudest detractors was shakaru even as he was swindling me out of hundreds of bitcoins. I am not one to point fingers (and I guess I was way too trusting), but evidence came out after all this that he had stolen hundreds of bitcoins from other people as well.

Hey Peter? Since you are clearly still lurking here- how about a little restitution to your victims you scamming piece of garbage?

If only there was a way for me to know who to send restitution to? Seems that the GLBSE has disappeared.

this is your excuse? are you serious? we can help you with that you know.

[DeaDTerra]

Interestingly enough, I was researching some companies in the Lansing area earlier this week, and came across one with an address very, very similar to this one, which purports to be a legit company doing business with the automotive industry. The hook is that the president of the company is supposedly named "Satoshi Nakamoto"!

One wonders if perhaps Perp Lambert has branched out into a much larger scale of scam?

I will be taking a field trip for more details soon. I would love to bring a sense of justice to his other scams.

I just happened to be glancing back at the forum after some time away, this supposition seems rather far-fetched. You can check google maps, that address is in a residential neighborhood, I don't know why other businesses would have anything anywhere near it. And I have never used the name "Satoshi Nakamoto" before.

I was never contacted by Nefario at any point, I was trying to figure out how to liquidate the remaining assets (which unfortunately were not worth much) when the accounts were frozen and the assets removed from the now defunct GLBSE.

Interesting that one of the loudest detractors was shakaru even as he was swindling me out of hundreds of bitcoins. I am not one to point fingers (and I guess I was way too trusting), but evidence came out after all this that he had stolen hundreds of bitcoins from other people as well.

Hey Peter? Since you are clearly still lurking here- how about a little restitution to your victims you scamming piece of garbage?

If only there was a way for me to know who to send restitution to? Seems that the GLBSE has disappeared.

this is your excuse? are you serious? we can help you with that you know.

HAHAHAH this makes me laugh
Don't come here after this much time has passed and blame it on the GLBSE crash. At least man up and admit you were the one who fucked it up, way back in the day. Don't blame this on some  recent event because that's just bullshit.
//DeaDTerra

[Peter Lambert]

HAHAHAH this makes me laugh
Don't come here after this much time has passed and blame it on the GLBSE crash. At least man up and admit you were the one who fucked it up, way back in the day. Don't blame this on some  recent event because that's just bullshit.
//DeaDTerra

I did say I fucked up, and I did not blame it on the GLBSE crash (unless you meant the way everything which we invested in turned out to be a scam and a huge amount of the bid offers on the GLBSE did not have any bitcoins behind them, causing the prices to crash when we tried to sell anything). And then Nefario froze me out and I couldn't do anything to fix anything. I made mistakes, I was going through some other trouble at the time and I just walked away. Looking back now I wish I had handled things differently, but there is not alot I can do now.

I guess if you want to PM me an address and how much you lost maybe I could pay something back. Like I said, I never heard anything from Nefario, even though he claimed to be trying to contact me.

[DeaDTerra]

HAHAHAH this makes me laugh
Don't come here after this much time has passed and blame it on the GLBSE crash. At least man up and admit you were the one who fucked it up, way back in the day. Don't blame this on some  recent event because that's just bullshit.
//DeaDTerra

I did say I fucked up, and I did not blame it on the GLBSE crash (unless you meant the way everything which we invested in turned out to be a scam and a huge amount of the bid offers on the GLBSE did not have any bitcoins behind them, causing the prices to crash when we tried to sell anything). And then Nefario froze me out and I couldn't do anything to fix anything. I made mistakes, I was going through some other trouble at the time and I just walked away. Looking back now I wish I had handled things differently, but there is not alot I can do now.

I guess if you want to PM me an address and how much you lost maybe I could pay something back. Like I said, I never heard anything from Nefario, even though he claimed to be trying to contact me.

Nah I don't care about the losses, I just wanted a honest answer and a apology which I got thanks
//DeaDTerra

[teek]

https://bitcointalk.org/index.php?topic=35775.msg707225#msg707225


I lost well over 100 btc to you Peter.

BTC addy still valid.  Pay back anytime.

teek

[phelix]

HAHAHAH this makes me laugh
Don't come here after this much time has passed and blame it on the GLBSE crash. At least man up and admit you were the one who fucked it up, way back in the day. Don't blame this on some  recent event because that's just bullshit.
//DeaDTerra

I did say I fucked up, and I did not blame it on the GLBSE crash (unless you meant the way everything which we invested in turned out to be a scam and a huge amount of the bid offers on the GLBSE did not have any bitcoins behind them, causing the prices to crash when we tried to sell anything). And then Nefario froze me out and I couldn't do anything to fix anything. I made mistakes, I was going through some other trouble at the time and I just walked away. Looking back now I wish I had handled things differently, but there is not alot I can do now.

I guess if you want to PM me an address and how much you lost maybe I could pay something back. Like I said, I never heard anything from Nefario, even though he claimed to be trying to contact me.

at least i got my 4 btc from him.

Yep.  Peter gave you face value and the rest of us squat though.  Still waiting for my orders to be filled Peter.

+1

Peter, if for whatever reason you prefer doing this aside from glbse (as it looks because you have send money directly to others), please send 5.4 BTC to this address to keep me quiet, too:

1BgHVQNjs3wxaZYWcJEwVZNM6x6DkftDAB

... and I will stop calling you a scammer.

[phelix]

hehe, I bet this is what got you come back here, Peter:

https://www.google.com/search?q=Peter+Lambert+Lansing

I had hoped all along you would start caring about your web reputation.

[MPOE-PR]

hehe, I bet this is what got you come back here, Peter:

https://www.google.com/search?q=Peter+Lambert+Lansing

I had hoped all along you would start caring about your web reputation.

Actually he was on IRC, coupla months ago.

Oct 06 20:12:13 <rg>   mircea
Oct 06 20:12:25 <mircea_popescu>   ye
Oct 06 20:12:27 <rg>   you should lower the MPEX fee
Oct 06 20:12:27 *   UncleScrooge has quit (Quit: I didn't set up UberScript properly!)
Oct 06 20:12:29 <PeterLambert>   bitvps
Oct 06 20:12:31 <rg>   for the next 2 weeks
Oct 06 20:12:38 <mircea_popescu>   rg you noticed i raised it ?
Oct 06 20:12:44 <mircea_popescu>   PeterLambert ?!
Oct 06 20:12:44 <rg>   no i didn't
Oct 06 20:12:48 <PeterLambert>   yes?
Oct 06 20:12:52 <rg>   it was already a rip off
Oct 06 20:12:54 <rg>   you raised it more?
Oct 06 20:12:57 <mircea_popescu>   quite the cheek. how dare you show your face here ?
Oct 06 20:13:01 <mircea_popescu>   rf 30.
Oct 06 20:13:12 <rg>   lol what a scam
Oct 06 20:13:18 <PeterLambert>   I have a face
Oct 06 20:13:30 <mircea_popescu>   PeterLambert you also have a bunch of defrauded investors.
Oct 06 20:13:59 <PeterLambert>   ? maybe they can be included in the glbse shutdown
Oct 06 20:14:06 <mircea_popescu>   maybe you can get fucked.
Oct 06 20:14:16 <PeterLambert>   I never did get any communicatio from nefario
Oct 06 20:14:24 <mircea_popescu>   what is this, you think you run with everyone;'s money, come back a year later all is forgotten ?
Oct 06 20:14:27 <mircea_popescu>   all is not forgotten.

So he's been circling. Money runs out, and since it's kinda hard to live without it a scammer will always come back to where the loot is.

[k]

I'm curious to know why Peter Lambert does not have the scammer tag. Was his scam before the forum implemented scammer tags or is there a different reason (i.e. scam not proven or something)?

[chmod755]

I'm curious to know why Peter Lambert does not have the scammer tag. Was his scam before the forum implemented scammer tags or is there a different reason ?

If I remember correctly the scammer tag didn't exist back then.

(i.e. scam not proven or something)

A scammer tag simply means one or more bitcointalk.org users are fucking pissed.

Edit: Oh and he's willing to pay back? Really?

I guess if you want to PM me an address and how much you lost maybe I could pay something back. Like I said, I never heard anything from Nefario, even though he claimed to be trying to contact me.

[phelix]

I'm curious to know why Peter Lambert does not have the scammer tag. Was his scam before the forum implemented scammer tags or is there a different reason (i.e. scam not proven or something)?

as he is back on the forum now and posting in other threads I call for a scammer tag, too. Unless he cleans up the mess he left.

Deleting relevant posts with investor information should be enough for the tag imho.

[Peter Lambert]

Sent out a small payment this morning to people who had previously given me their information.

I was wondering if anybody I owe money to would be interested in using ripple to formalize the debt? What would happen is you "trust" me on Ripple for the amount I owe you, then I send you BTC IOUs. You could then remove the "trust", and those BTC IOUs would be preferentially sent when you send BTC through ripple (when there is a trust path allowing them). I would then buy back the IOUs later (approximately the same speed I have been sending out payments, or in other words very slowly.)These could also be traded through the Ripple system. Ripple is still pretty new, and I don't know how much it will catch on, so we might want to do this later when the system is more built up. Let me know what you think?

[memvola]

Sent out a small payment this morning to people who had previously given me their information.

Well, I haven't received any coins to the address I had announced in this thread a year ago.

Also, how do we measure your debt? A few weeks before LIF.x exploded, I was holding around 700 BTC "worth" of LIF bonds. Of course this doesn't mean anything. I had paid around 150 BTC for them. Do you have any other measure in mind?

I was wondering if anybody I owe money to would be interested in using ripple to formalize the debt? What would happen is you "trust" me on Ripple for the amount I owe you, then I send you BTC IOUs. You could then remove the "trust", and those BTC IOUs would be preferentially sent when you send BTC through ripple (when there is a trust path allowing them). I would then buy back the IOUs later (approximately the same speed I have been sending out payments, or in other words very slowly.)These could also be traded through the Ripple system. Ripple is still pretty new, and I don't know how much it will catch on, so we might want to do this later when the system is more built up. Let me know what you think?

Interesting idea. Makes total sense to me.

[Peter Lambert]

Sent out a small payment this morning to people who had previously given me their information.

Well, I haven't received any coins to the address I had announced in this thread a year ago.

Ack, totally missed your post when I made a list from the thread, I have added your address to my list. Sorry about that.

[zapeta]

Wow, Peter Lambert is back?  I wish I had kept records on my losses in the various LIF funds.

[chmod755]

Wow, Peter Lambert is back?  I wish I had kept records on my losses in the various LIF funds.

+1 - same here. didn't keep records - lost some btc...

[Peter Lambert]

http://pastebin.com/euqGSEgn

[twentyseventy]

http://pastebin.com/euqGSEgn

Holy zombie post, Batman...

GLBSE predates my interest in Bitcoin, but I can't help but think that many of the same thing will be said about Cryptostocks sooner or later.