Diablo Mining Company

[deeplink]

I still do not know enough about this to know if Nefario had a right to lock down your account but I understand why shareholders are upset.

Look at the final outcome of motion 127: the shareholders are not and never were upset. This is something nefario did to... do... something. I mean, he claims he wasn't planning on running off with the DMC assets and fuck DMC shareholder; so what was he actually trying to achieve? Whatever it was, it wasn't in the best interest of DMC shareholders or the community at large.

Do you really believe what you are saying? How can you look at the result of the motion and say that with a straight face?

Motion 127 is now closed.

Voted Yea:4775
Voted Nay:10141

Nefario failed to gain his needed 66% of the votes to pass his motion. I remain CEO.

47% of your shareholders want to remove you as the CEO.

If it wasn't for usagi's vote, one of your major shareholders who has publicly called you a liar but then suddenly changed his mind, after you made a deal with him, that percentage would be much higher.

...
Not just that but Diablo has said many times he won't run a mining company and will instead operate a solar farm, or resell dedicated web hosting.

He was never really supposed to be running a fund anyway, he was supposed to be buying hardware. His anti-BFL stance was no excuse; he could have bought modminers or cairnsmores or icarus or whatever. But he didn't. He lied six ways to sunday about pretty much everything he was doing. And now that it has come to light he is accusing his largest shareholder of conspiring with nefario to steal the assets for himself. It's kind of insane.

[Puppet]

Motion 127 is now closed.

Voted Yea:4775
Voted Nay:10141

Nefario failed to gain his needed 66% of the votes to pass his motion. I remain CEO.

Looks like 100% of the shareholders who bought your shares on GLSBE boted Yea.
Big surprise that the sockpuppet(s) who you gave 10000+ shares to voted in your favor. For all I know you gave most of them to yourself.

Anyway, will be fun to see your talent at work again. You already burned >99% of shareholder value, lets see if you can burn the rest too. My guess is you can. Only you can.

[DiabloD3]

Motion 127 is now closed.

Voted Yea:4775
Voted Nay:10141

Nefario failed to gain his needed 66% of the votes to pass his motion. I remain CEO.

Looks like 100% of the shareholders who bought your shares on GLSBE boted Yea.
Big surprise that the sockpuppet(s) who you gave 10000+ shares to voted in your favor. For all I know you gave most of them to yourself.

Anyway, will be fun to see your talent at work again. You already burned >99% of shareholder value, lets see if you can burn the rest too. My guess is you can. Only you can.

A sockpuppet claiming I have sockpuppets? Oh the irony.

As mentioned several times in this thread, nefario locked my account... so how could I vote for myself (using all 40 shares of mine) if my account is locked? You make no sense.

[DiabloD3]

47% of your shareholders want to remove you as the CEO.

Your math is extremely faulty.

[deeplink]

47% of your shareholders want to remove you as the CEO.

Your math is extremely faulty.

I can't help it. According to usagi my IQ is below 100.

Anyway, I wish you good luck in managing DMC and creating the largest mining farm in existence.

[nebulus]

These friends overpower the poor fuckers who got robbed for real money.

1) They lost the money because stock market is unpredictable ("Robbing" implies intent)
2) These friends also invested and consequently also lost money - where is the conspiracy
3) Stop spreading FUD

[DiabloD3]

These friends overpower the poor fuckers who got robbed for real money.

1) They lost the money because stock market is unpredictable ("Robbing" implies intent)
2) These friends also invested and consequently also lost money - where is the conspiracy
3) Stop spreading FUD

Show me an audit so we can indiscriminately know if there was intent or a conspiracy...
 so far all available evidence shows an incompetent ceo who has intentionally mislead and fought against shareholders.

Until then, spreading FUD does not apply.

nefario backed out on the audit because he couldn't find enough people who knew what they were doing to do it.

[DiabloD3]

Nothing stopping you from handing the csv to smickles and one other community member, and having them done independent of the glbse to straighten everything out.

The GLBSE software does not produce a complete csv, and nefario has yet to unlock my account. I asked nefario to ask smickles to be one of the three auditors, but he didn't do so.

I'll probably ask smickles to do it someday, but not now. I just want my account back before nefario costs us even more dividends.

[MPOE-PR]

The whole Usagi thing is fucking ugly, if we have learned anything it is that Usagi is willing to sell out for 5BTC.

QFT

[nebulus]

I think all shareholders should receive the CSV, not, just smickles, unless Diablo is no confident with his investments.

[DiabloD3]

The GLBSE software does not produce a complete csv

That is just a self-protecting false claim.
Please show any proof.

Now you're just trolling.

[Deprived]

Please ask yourself this. DMC has over 10 mhash/share now with the ASICMINER. It is worth 0.05?
Ok, Gigamining has 5 mhash/share. It is worth.... 0.67?

Is this true?

Pretty sure he then traded all the ASICMINER shares for OBSI.ABMO - he asked for the trade to be revereded but the Obsi shareholders voted against it.  If OBSI.HRPT turns out to be a ponzi then it's a safe bet those OBSI.ABMO shares will also be worth exactly zero.

[Puppet]

Nope.

I was 50-60% majority shareholder of DMC before the ASICMINER deal, and I only traded for 4200 shares. Diablo traded for an additional 14,500 shares with other people. I was simply the only one who reported it. I've said this 20 times already. In short, you should know better.

This is not about the asicminer trade. Nefario and ColdHardMetal were told about the trade live in IRC and agreed it was okay. Further, Diablo was NOT reported for this but for breaking his contract.

Its the same thing; it was (IMO correctly) alleged that by trading shares far below market value he breached his contract.
Even if the contract doesnt state it, legally company directors are required to act in the best interests of the corporation committed to their charge by the stockholder. In the absence of any contradictory instructions,  this would mean giving the stockholders the best possible returns their (in this case, fantastically limited) skills permit.  Selling shares at a few % of market value is not in accordance with that, and what nefario thinks about that is largely irrelevant.

ASICMINER will mine at 155mhash/share for itself. This is a guarantee.

No usagi, there is no guarantee. Its a gamble. They may well produce zero MH.

If their asics are good they will be 155/share. For 0.1 btc a share. Stop and think. Gigamining is worth 0.67 now, down around 60%.

Qui cum canibus concumbunt cum pulicibus surgent.
(if you sleep with dogs, you wake up with fleas).

Cant believe someone would have to point this out to you, but gigamining is paying dividends now, based on a difficulty that is probably 50-100x lower than ASICminer will, if they ever pay anything. Moreover, the only reason gigamining still is trading this high is because  it provides an upgrade path to terramining.

Please ask yourself this. DMC has over 10 mhash/share now with the ASICMINER. It is worth 0.05?

You are not up to date. Your good friend Diablo traded all the ASICMINER shares for worthless obsi shit. The last remaining asset with some potential value flushed down the drain.
Result? DMC 1@0.004001

I told you DIablo would manage to burn what little shareholder value was left.

[novusordo]

47% of your shareholders want to remove you as the CEO.

I hadn't ignored anybody in this thread yet because some people have brought up very valid points, but after this it's pretty obvious that deeplink is just trolling.

4775 shares != 47% of DMC.

[deeplink]

47% of your shareholders want to remove you as the CEO.

I hadn't ignored anybody in this thread yet because some people have brought up very valid points, but after this it's pretty obvious that deeplink is just trolling.

4775 shares != 47% of DMC.

I should have said 32% of votes that voted want to remove the CEO. That was already pointed out above. It was a mistake, just like buying DMC shares. Fortunately I learn from mistakes, have had some entertainment and know who to avoid in the future. Possibly the best money I ever spent.

[SebastianJu]

These friends overpower the poor fuckers who got robbed for real money.

1) They lost the money because stock market is unpredictable ("Robbing" implies intent)
2) These friends also invested and consequently also lost money - where is the conspiracy
3) Stop spreading FUD

It looks like you open your mouth without even reading this thread. Not good.

1. Robbing is too hard maybe but diablo made many errors that leaded to crashing the course.
1.1 The IPO is still running. The IPO Price is 1BTC. Diablo sold shares (not his owns) for way below that price and even below actual course. In bulk. That means every shareholder that bought for 1BTC before will be fucked because someone could buy a big chunk of the company for way less. Means the backing up value of the shares is split and drops in value. You could say that is a robbery.
2. These friends did invest, but not at 1BTC. Way below. And bought in bulk. Which means they fucked the previous buyers and diablo had fans that love him for this "special transactions". Of course they will vote for him. The cool thing is... because they were able to achieve so much shares for small money they have big voting power.
3. Better read first...

I pity the poor investors that trusted this project at the start. Looking at the course they were invented to lunch dividends... not knowing they are the lunch.

[nebulus]

All right, Diablo, you remain the CEO. Do you have a plan going forward?

[DiabloD3]

All right, Diablo, you remain the CEO. Do you have a plan going forward?

Yes, but right now we have an entirely different problem to deal with. Dunno if anyone thats subscribed to the DMC thread reads the rest of the Securities forum, but nefario not only has failed to unlock my account so I can run DMC, but hes also chased goat off GLBSE and is threatening the same to other assets.

The control of GLBSE needs to be turned over to an impartial board that treats asset issuers fairly, and until this happens I'm not sure exactly what I can do in the short term. I'm still going to fight for DMC however I can, but as I see it, nefario has hostages: my shareholders.

[markm]

Yeah well maybe this is part of why each issuer should run their own trading platform where people trade their stuff; since any general market is likely to think of its people as its own customers / its own crowd, which issuers of assets are leeching off of by bringing their assets there to sell...

I wonder if there would be a market for a "don't want to host your own trading platform, let us host it for you" service that specialises in hosting instances of some trading platform or other for people?

I am of course thinking of Open Transactions for this since it is specifically designed to be suitable for cases where the server operator is a third party so it is set up so issuers do not have to trust the server-operator.

-MarkM-

[aura.flux]

goat was running some shit that still could cause legal implications for GLBSE...
DMC dealings seem to be puny comparing to what nefario might have to deal with soon... pirate/SEC and shit....