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Author Topic: Diablo Mining Company  (Read 87247 times)
DiabloD3
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September 13, 2012, 07:04:56 PM
 #541

[03:25:13] <Diablo-D3> dmc will continue with or without the missing assets

If you said that then you're living in a fantasy world.  The only assets you've ever disclosed are the ones that are locked at the moment.  Without them DMC has no assets.  How can you 'continue' DMC with zero assets (not to mention no record of share-holders etc).

DMC has so few assets (only a handful of different stocks) that in an ideal world (if Diablo isn't given back control) they'd just be liquidated and the funds used to buy-out all shares.  DMC appears to have no intangible assets, goodwill or similar giving any compelling reason for it to continue to exist as an entity.  Unfortunately that's in an ideal world - and would be hard to achieve due to the total lack of liquidity at any reasonable price on the investments.

Not at all. I am going ahead with the dedicated server and cloud service sales if I can. The plan was structured in a way that if any single revenue stream is damaged, the company survives through the others.

No BTC from DMC has gone into the web hosting service project, and until this is up and running and people could order services, I was not going to mention it officially to shareholders. usagi, rapeghost, and several others were aware of it unofficially.

The dedi side of the sales could easily be a 2-3 BTC profit (half of that going to shareholders) per customer.  15-20 customers could double dividends, and I think the market could be several times bigger than that.

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September 13, 2012, 07:07:18 PM
 #542

Not at all. I am going ahead with the dedicated server and cloud service sales if I can. The plan was structured in a way that if any single revenue stream is damaged, the company survives through the others.

No BTC from DMC has gone into the web hosting service project, and until this is up and running and people could order services, I was not going to mention it officially to shareholders. usagi, rapeghost, and several others were aware of it unofficially.

The dedi side of the sales could easily be a 2-3 BTC profit (half of that going to shareholders) per customer.  15-20 customers could double dividends, and I think the market could be several times bigger than that.
Sorry - I don't care what you will do with webhosting in the context of DMC, as it will never be a part of it, though i wish you good luck.
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September 13, 2012, 07:08:40 PM
 #543

BTW, I find it somewhat strange that an embattled CEO would even need to give permission for records to be released to the shareholders who paid for this trainwreck. At most a shareholder motion would have to be sufficient IMO.

Several shareholders have already asked for the motion to keep me to be put up now, nefario refuses to do this. Why expect nefario to do anything else?

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September 13, 2012, 07:11:55 PM
 #544


The csv could potentially contain legitimate personal transactions. Privacy issues abound.
Diablo has both claimed to have personal holdings, and to have no holdings except those under DMC control.
What the truth is, who knows...

I was assuming the CSV would only contain DMC related transactions. If Diablo has a private account of his own and trades with that for himself, I see no reason to publish that (unless, well, there is a very good reason to(like insider trading with DMC). Since I never set up an asset on GLBSE, Im not sure how its structured, but Im sure there is a way to distinguish between private and corporate transactions?
DiabloD3
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September 13, 2012, 07:13:26 PM
 #545

BTW, I find it somewhat strange that an embattled CEO would even need to give permission for records to be released to the shareholders who paid for this trainwreck. At most a shareholder motion would have to be sufficient IMO.

The csv could potentially contain legitimate personal transactions. Privacy issues abound.
Diablo has both claimed to have personal holdings, and to have no holdings except those under DMC control.
What the truth is, who knows...

I have never claimed to have a personal portfolio. I only have one account. I only own shares in DMC. When I said I put all the money I have into DMC, I wasn't kidding.

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September 13, 2012, 07:15:29 PM
 #546

BTW, I find it somewhat strange that an embattled CEO would even need to give permission for records to be released to the shareholders who paid for this trainwreck. At most a shareholder motion would have to be sufficient IMO.

Several shareholders have already asked for the motion to keep me to be put up now, nefario refuses to do this. Why expect nefario to do anything else?

Shareholder that you virtually gave shares to  from the unsold pool for like 0.01BTC, or shareholder that actually purchased your shares?
Regardless, just answer the question: do you object to the records being published or not? If you have nothing to hide, why would you?
DiabloD3
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September 13, 2012, 07:41:09 PM
 #547

BTW, I find it somewhat strange that an embattled CEO would even need to give permission for records to be released to the shareholders who paid for this trainwreck. At most a shareholder motion would have to be sufficient IMO.

Several shareholders have already asked for the motion to keep me to be put up now, nefario refuses to do this. Why expect nefario to do anything else?

Shareholder that you virtually gave shares to  from the unsold pool for like 0.01BTC, or shareholder that actually purchased your shares?
Regardless, just answer the question: do you object to the records being published or not? If you have nothing to hide, why would you?

I object to nefario trying to destroy DMC based on rumors and without shareholder approval.

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September 13, 2012, 07:47:24 PM
 #548

BTW, I find it somewhat strange that an embattled CEO would even need to give permission for records to be released to the shareholders who paid for this trainwreck. At most a shareholder motion would have to be sufficient IMO.

Several shareholders have already asked for the motion to keep me to be put up now, nefario refuses to do this. Why expect nefario to do anything else?

Shareholder that you virtually gave shares to  from the unsold pool for like 0.01BTC, or shareholder that actually purchased your shares?
Regardless, just answer the question: do you object to the records being published or not? If you have nothing to hide, why would you?

I object to nefario trying to destroy DMC based on rumors and without shareholder approval.

So you object to shareholders finding out what you did exactly with their money?
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September 13, 2012, 07:49:43 PM
 #549

I cannot simply release the CSV for any account without the account owners permission.

There is a motion now up available for voting, it has 5 days to vote on
https://glbse.com/vote/view/126

IF you have DMC shares please vote.

Also, I will need someone to audit the CSV and account to work out a basic profit and loss(balance sheet is easy), and a simple report. There will be a couple of bitcoin for the completion of this task(paid out of GLBSE's pocket).

Nefario.

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To get help and support for GLBSE please email support@glbse.com
DiabloD3
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September 13, 2012, 07:52:13 PM
 #550

BTW, I find it somewhat strange that an embattled CEO would even need to give permission for records to be released to the shareholders who paid for this trainwreck. At most a shareholder motion would have to be sufficient IMO.

Several shareholders have already asked for the motion to keep me to be put up now, nefario refuses to do this. Why expect nefario to do anything else?

Shareholder that you virtually gave shares to  from the unsold pool for like 0.01BTC, or shareholder that actually purchased your shares?
Regardless, just answer the question: do you object to the records being published or not? If you have nothing to hide, why would you?

I object to nefario trying to destroy DMC based on rumors and without shareholder approval.

So you object to shareholders finding out what you did exactly with their money?

I object to a puppet account uninspiringly named puppet who has less than 100 posts and is not even a month old and frequently trolls in threads elsewhere on the forum.

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September 13, 2012, 07:53:16 PM
 #551

I cannot simply release the CSV for any account without the account owners permission.

There is a motion now up available for voting, it has 5 days to vote on
https://glbse.com/vote/view/126

IF you have DMC shares please vote.

Also, I will need someone to audit the CSV and account to work out a basic profit and loss(balance sheet is easy), and a simple report. There will be a couple of bitcoin for the completion of this task(paid out of GLBSE's pocket).

Nefario.

Its linked to the wrong asset. DI.BFLSC.SUCCEED instead of DMC
DiabloD3
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September 13, 2012, 08:05:15 PM
 #552

I cannot simply release the CSV for any account without the account owners permission.

There is a motion now up available for voting, it has 5 days to vote on
https://glbse.com/vote/view/126

IF you have DMC shares please vote.

Also, I will need someone to audit the CSV and account to work out a basic profit and loss(balance sheet is easy), and a simple report. There will be a couple of bitcoin for the completion of this task(paid out of GLBSE's pocket).

Nefario.



Wrong asset and 0% to pass means already passed.

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September 13, 2012, 09:05:22 PM
 #553

I cannot simply release the CSV for any account without the account owners permission.

There is a motion now up available for voting, it has 5 days to vote on
https://glbse.com/vote/view/126

IF you have DMC shares please vote.

Also, I will need someone to audit the CSV and account to work out a basic profit and loss(balance sheet is easy), and a simple report. There will be a couple of bitcoin for the completion of this task(paid out of GLBSE's pocket).

Nefario.

DI.BFLSC.SUCCEED != DMC.

I see no motions for DMC right now.

Let us know when you fix this.

Time is more valuable than money. You can get more money, but you cannot get more time.
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September 13, 2012, 10:06:06 PM
 #554

I object to a puppet account uninspiringly named puppet who has less than 100 posts and is not even a month old and frequently trolls in threads elsewhere on the forum.

I dont care if you object to that. My postcount is completely irrelevant. What is relevant is that you accepted 1000's of other people's coins, including some of mine, you managed to make 95% of our value vanish, you breached our contract and you refuse to release the records that would show exactly what happened.
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September 13, 2012, 10:14:22 PM
 #555

Hm... im just wondering how this stock thing works.

I mean normally someone builds a stock out of his company. The company has a value of $5Billion so he is selling 5Billion shares with the value of 1$ each. Because he wants to hold the company and wants to have the right to rule it he keeps 51% of the shares. The other 49% are sold.

At the end the company is nearly half owned by the shareholders. The other half is at the businessowner.

Each share has a value that is directly attached to the value of a company.

So now... diablo had no company at all. He created 1million shares. Each supposed to have a value of 1BTC. So he claimed in fact the company has a value of 1million BTC so $11Million.

But that doesnt make sense at all because the advertised 1mio btc never will be reached so the value of the company is way way lower in fact. When no more shares would have been sold and the collected btc would have been invested correctly then it simply would have been a smaller business. Giving dividends to the shareholders at the rate possible.

But does that mean that diablo owns 1mio-20909 = 979091shares? Of course not because this would mean he would be a millionaire instantly after ipo. And because of that he cant sell more shares below the ipo-price. If he had bought the shares before from his own money for one BTC then ok, then this would be his thing. But it wasnt.

So usagi... i dont get why you think it was completely fine. Though i can understand the need for making money and making your loss with DMC less hard, it was blackhat what you did. And it looks to me like you arent honest with yourself. Diablo didnt own these shares. He created money from nothing and he sold this nothing to you. Unfortunately at the same time he devalued all the other shares that were sold before for 1BTC because now there was a big part of the company owned for nearly nothing spent. And the argument that the rates were already down doesnt count because diablo wasnt a millionaire from the start. It all was the shareholders money. When diablo would have sold his own bought shares ok, but he created the value out of thin air. Hurting the value of each share that was sold.
Only saying... if you think that was completely whitehat than ok...

@nefario

What do you think... cant you hardcode the price for the initial shares? So that this doesnt happen again? On the other hand... it looks like diablo only moved the shares around and you cant check what he got for. But something must be done here i think. At the moment someone can create 1mio shares and press out as much money as possible. Giving away shares that didnt had a value from the start and he can go down with the price claiming it will be a discount while in fact it is ripping off other shareholders.
Or is there another solution? Maybe something like "IPO has to end after a month. The shares not sold are crashed."

 

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greyhawk
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September 13, 2012, 10:28:36 PM
 #556

Having a look over the DMC contract and this is interesting.

Looks like you shareholders are pretty much fucked.

First, there's this

Quote
Percent of majority   
to change contract:   66
for general motion:   66
to issue shares:   0

Seems Diablo can pump out shares pretty much as he wants.

Then there's this

Quote
Each share represents 0% of the ownership in the company assets.

You ain't got nothin.

And last but not least

Quote
Any motions raised by shareholders will be considered non-binding advisory votes.

He can do as he pleases.
MoinCoin
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September 13, 2012, 10:31:31 PM
 #557


Quote
Any motions raised by shareholders will be considered non-binding advisory votes.

He can do as he pleases.

This now invalid, because it seems that DiabloD3 has breached the contract several times.
DiabloD3
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September 13, 2012, 10:32:00 PM
 #558

I object to a puppet account uninspiringly named puppet who has less than 100 posts and is not even a month old and frequently trolls in threads elsewhere on the forum.

I dont care if you object to that. My postcount is completely irrelevant. What is relevant is that you accepted 1000's of other people's coins, including some of mine, you managed to make 95% of our value vanish, you breached our contract and you refuse to release the records that would show exactly what happened.

How did I breach the contract?

Also, I refuse to release the records because I do not have permission from every person I've traded with to release said information. Just because they traded with me does not mean their privacy should be violated because nefario wants to exceed his authority.

DiabloD3
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September 13, 2012, 10:41:11 PM
 #559


Quote
Any motions raised by shareholders will be considered non-binding advisory votes.

He can do as he pleases.

This now invalid, because it seems that DiabloD3 has breached the contract several times.

How have I breached the contract? Just saying "because I said so" or "because nefario said so" doesn't make it true.

MoinCoin
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September 13, 2012, 10:50:28 PM
 #560


Quote
Any motions raised by shareholders will be considered non-binding advisory votes.

He can do as he pleases.

This now invalid, because it seems that DiabloD3 has breached the contract several times.

How have I breached the contract? Just saying "because I said so" or "because nefario said so" doesn't make it true.
I did not said you breached the contract, but it seems so.
And Nefario has the right to disable your access, unless you proof otherwise.
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