[was on GLBSE] LIF.x

[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.