Bitcoin Forum
December 08, 2016, 10:17:10 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 [41] 42 43 44 45 46 47 48 »
  Print  
Author Topic: SkepsiDyne Integrated Node - The Bitcoin Mining Company  (Read 92812 times)
server
Hero Member
*****
Offline Offline

Activity: 813


~\/~


View Profile
November 20, 2011, 01:29:43 PM
 #801

Quote
Vote Start: Wednesday November 16, 2011 - 9:00 PM Vote End: Tuesday November 22, 2011 - 12:00 AM
Vote Num: 000006
Vote issue: Wrapping up and liquidation of SIN This vote is being held to determine the shareholders' opinions on the matter of wrapping up SIN and liquidating its assets.
A vote in favor (yes) will support the wrapping up and liquidation of SIN.
A vote against (no) will be against the wrapping up and liquidation of SIN.

What will happen when I choose 'wrap & liquidate' ?

Tawsix sells hardware with loss -shareholders get nothing- or will the hardware go to someone we don't know ? (what do I get out of this deal?)

Voting against liquidation will change nothing and frustration will continue.
1481235430
Hero Member
*
Offline Offline

Posts: 1481235430

View Profile Personal Message (Offline)

Ignore
1481235430
Reply with quote  #2

1481235430
Report to moderator
1481235430
Hero Member
*
Offline Offline

Posts: 1481235430

View Profile Personal Message (Offline)

Ignore
1481235430
Reply with quote  #2

1481235430
Report to moderator
1481235430
Hero Member
*
Offline Offline

Posts: 1481235430

View Profile Personal Message (Offline)

Ignore
1481235430
Reply with quote  #2

1481235430
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
server
Hero Member
*****
Offline Offline

Activity: 813


~\/~


View Profile
November 20, 2011, 03:55:16 PM
 #802

hello....


(glbse is down btw, I think voting time should be extended at least by 1 week.)
bulanula
Hero Member
*****
Offline Offline

Activity: 518



View Profile
November 20, 2011, 05:05:40 PM
 #803

Cue in the popcorn Grin

I think legal action is the best course of action for now.

LOL at putting out how much he has worked for us and all that additional costs to cover his backside. Scammer you are doing it wrong; transparency = bad even if the figures are made up out of your backside. We need electricity, contractor, rent and all that bills ( not fake PS stuff ) to be able to trust you after all you have done.
bing
Newbie
*
Offline Offline

Activity: 18


View Profile
November 20, 2011, 06:04:46 PM
 #804

$15837.93 is the amount of money that was raised by the company from the IPO.

I have paid back 202.7945 BTC back into the company for a value of $3411.58 through reinvestment of dividends

I put 30 BTC of my own from my time solo mining into the company at the beginning (when BTC was at around $7.50, so about $225 from that)

I provided a building (with insurance) to house the machines which I valued at $200/month (far below what we would have actually paid to rent a space
(200*4 = $800)

I provided at least $500 of materials to build racks and a cooling system.

In addition to that, I logged 243 hours working directly on this project, at a rate of $35/hour.
(35*243 = $8505)

I also contracted the work of several others to help with electrical setup, rack setup, cooling setup, etc. as well as to help take care of the machines in the event that I was unable to attend to them.

I think that this is value I added to the company and value that I should be able to be remunerated for.  I do not think I am being unfair in any of the prices or rates I listed.  When all is said and done I have invested quite a bit of time and personal capital into this company that would have otherwise had to be paid for by the company, cutting into dividend payments and growth.  My investment has easily been worth the $15837.93 that investors contributed.

Hey,

This has gone to far...
I've also invested a considerable sum of BTC's into SIN.

Tawsix,
1. First of all, you have invested 202.7945 BTC which gives you about 270 shares, and even if you want it to look like you owned them from the beginning, you still owe us investors everything else but your 270 "paid-for shares".
2. Those 30 BTCs you can keep in my opinion. And don't you dare claim it in USD (if you can show us proof of you investing 30BTC more than your divends)
3. The building... Sorry mate, that's just not gonna work for me (us), this was your selling point trying to get investors.
4. Materials to build racks and cooling system. Not gonna work either, also a selling point you used to get investors.
5. 243 hours of logged work. On what? And hey! Selling point aswell. I remember a discussion saying something like "working for free, one of the benefits of taking the risks.
6. What contractors? Never heard of it.

If you were to have these numbers in your initial calculations, no one would have bought a single share!!!

You made us a promise remember? Now when the shit hits the fan and you are trying to do damage control... please remember that some of us believed in you and invested alot of money into you and your idea....BASED ON YOUR PROMISE!!!

Do the right thing!

/B

(Thanks boonies4u, for the quote Smiley )
Tawsix
Full Member
***
Offline Offline

Activity: 210


I have always been afraid of banks.


View Profile
November 20, 2011, 07:16:06 PM
 #805

Quote
Vote Start: Wednesday November 16, 2011 - 9:00 PM Vote End: Tuesday November 22, 2011 - 12:00 AM
Vote Num: 000006
Vote issue: Wrapping up and liquidation of SIN This vote is being held to determine the shareholders' opinions on the matter of wrapping up SIN and liquidating its assets.
A vote in favor (yes) will support the wrapping up and liquidation of SIN.
A vote against (no) will be against the wrapping up and liquidation of SIN.

What will happen when I choose 'wrap & liquidate' ?

Tawsix sells hardware with loss -shareholders get nothing- or will the hardware go to someone we don't know ? (what do I get out of this deal?)

Voting against liquidation will change nothing and frustration will continue.

No, I sell the hardware and the money that comes from selling it gets passed on to shareholders as dividends until there is no more hardware to sell.  An estimate of what you'll get out of it is around 0.87 BTC (at today's prices) per share you own.  [($9000 revenue/ 2.235 BTC/$) / 4608 shares]

SKEPSIDYNE INVESTORS ARE CURRENTLY VOTING ON LIQUIDATING THE COMPANY

Due to the low prices BTC has fallen to, it has become unprofitable to operate the machines, so a motion has been put up to liquidate the company and pay out proceeds back to investors.  This vote will be up until midnight Tuesday, November 22nd.  If you are investor and have any questions regarding the liquidation, please post them here, PM me, or email me at tawsix@skepsidyne.com.

-Tawsix

To others: The time I logged is from straight working on computers.  It does not involve the time I spent driving around picking up materials, it doesn't cover gas, it doesn't cover wear on tools, it doesn't cover time spent on this project besides working directly with the computers, it doesn't cover internet costs, it doesn't cover insurance costs, and it doesn't cover property taxes, to name a few things it doesn't cover.  And that's just my things it doesn't cover.  The value from the contractors is straight time paid, it doesn't cover workman's comp, it doesn't cover the materials they donated, it doesn't cover gas, it doesn't cover their insurance, and it doesn't cover their fees, to name a few things it doesn't cover.

So here is the ultimatum: I will give you a total time logged.  I will give you the activities that that time was spent on.  I will give you a (non-comprehensive) list of materials that were donated or borrowed that otherwise would have had to have been bought.

Or I will sit down and basically audit myself and account for every screw, every plug, every wire, every second of my time, and bill the company for it all.  I will ask the contractors for bills.  These bills will be far greater than just time worked (which will also be on there, except at their actual working rates, far greater than the $30/hour or so I am giving them).  I will gladly post the proof of these bills from the contractors.  At that point there will be no going back, and the contractors will be paid their bills to the best ability of this company.  Their bills will be far greater than the $10,000 we could expect to make from the liquidation.  Investors will not see a single cent of it.

Perhaps some of you aren't grasping the magnitude of how much was given to this company to make it work.  I didn't collect dividends so this company could get off the ground.  I didn't charge for time spent so this company could get off the ground.  I called in a lot of favors from a lot of people to give me help for free so this company could get off the ground.  I am tired of people acting like that did not at all contribute to the company being profitable, and that it did not contribute to the dividends the investors got, and that it didn't contribute to the growth we were able to experience.

So here's the deal: say the word, and I will put up a motion concerning this.  I won't vote at all on this motion, it will be purely an investor vote.  Just keep in mind, if that motion goes towards asking for bills, there will be no going back, and there will be no money left for investors.

bing
Newbie
*
Offline Offline

Activity: 18


View Profile
November 20, 2011, 08:21:00 PM
 #806


To others: The time I logged is from straight working on computers.  It does not involve the time I spent driving around picking up materials, it doesn't cover gas, it doesn't cover wear on tools, it doesn't cover time spent on this project besides working directly with the computers, it doesn't cover internet costs, it doesn't cover insurance costs, and it doesn't cover property taxes, to name a few things it doesn't cover.  And that's just my things it doesn't cover.  The value from the contractors is straight time paid, it doesn't cover workman's comp, it doesn't cover the materials they donated, it doesn't cover gas, it doesn't cover their insurance, and it doesn't cover their fees, to name a few things it doesn't cover.

So here is the ultimatum: I will give you a total time logged.  I will give you the activities that that time was spent on.  I will give you a (non-comprehensive) list of materials that were donated or borrowed that otherwise would have had to have been bought.

Or I will sit down and basically audit myself and account for every screw, every plug, every wire, every second of my time, and bill the company for it all.  I will ask the contractors for bills.  These bills will be far greater than just time worked (which will also be on there, except at their actual working rates, far greater than the $30/hour or so I am giving them).  I will gladly post the proof of these bills from the contractors.  At that point there will be no going back, and the contractors will be paid their bills to the best ability of this company.  Their bills will be far greater than the $10,000 we could expect to make from the liquidation.  Investors will not see a single cent of it.

Perhaps some of you aren't grasping the magnitude of how much was given to this company to make it work.  I didn't collect dividends so this company could get off the ground.  I didn't charge for time spent so this company could get off the ground.  I called in a lot of favors from a lot of people to give me help for free so this company could get off the ground.  I am tired of people acting like that did not at all contribute to the company being profitable, and that it did not contribute to the dividends the investors got, and that it didn't contribute to the growth we were able to experience.

So here's the deal: say the word, and I will put up a motion concerning this.  I won't vote at all on this motion, it will be purely an investor vote.  Just keep in mind, if that motion goes towards asking for bills, there will be no going back, and there will be no money left for investors.


You don't understand, do you?

You told us you would work on this project for free, if you wanted to change the terms, that should be approved by the shareholders.
If you were going to hire contractors to work for us, that also should go through the shareholders.

ANY TERMS that are being changed should go through the shareholders. You have not done this, therefore it's not valid.

The thing is, since you haven't actually paid for your shares, those shares are basically owned by us...
Since we (the bank) gave you (loan taker) a loan with the investment in your venture, which you haven't paid of. You still owe us the rest (202BTC paid), since SIN (the investment) is not profitable we need to liquidate.

If you were to go to a real bank and say, "Sorry, the investment went south, so basically I'm taking half of what's left in the company(loaned capital)", and have the nerve to give the bank and investors an ultimatum... AND also on your own changing the terms and putting the losses on the bank instead of yourself.

Your so called "ultimatum" basically means that you have made a profit (your work or not) from day one. We on the other hand, will take the loss. And we all know the word for that :/

Shove your ultimatum you know where and realize you f**ked up! Now you need to be a big boy and take the hit like everyone else!


boonies4u
Hero Member
*****
Offline Offline

Activity: 826



View Profile
November 20, 2011, 08:26:57 PM
 #807

@Tawsix
Fuck you! You're practically saying that the only way investors get proof of what you put into SIN is if you guarantee that we get nothing!

This is the kind of shit your character shows that you're capable of! Don't expect us to take this quietly.
bulanula
Hero Member
*****
Offline Offline

Activity: 518



View Profile
November 20, 2011, 08:42:19 PM
 #808

@Tawsix
Fuck you! You're practically saying that the only way investors get proof of what you put into SIN is if you guarantee that we get nothing!

This is the kind of shit your character shows that you're capable of! Don't expect us to take this quietly.

Scammers gonna scam. I am filing suit this coming Monday. No questions asked. Can't change my mind now. I probably held most of these shares. Mr. Scammer I just have only one word for you : whether you like it or not, you are going DOWN !
Matthew N. Wright
Untrustworthy
Hero Member
*****
Offline Offline

Activity: 588


Hero VIP ultra official trusted super staff puppet


View Profile
November 20, 2011, 09:19:40 PM
 #809

@Tawsix
Fuck you! You're practically saying that the only way investors get proof of what you put into SIN is if you guarantee that we get nothing!

This is the kind of shit your character shows that you're capable of! Don't expect us to take this quietly.

Scammers gonna scam. I am filing suit this coming Monday. No questions asked. Can't change my mind now. I probably held most of these shares. Mr. Scammer I just have only one word for you : whether you like it or not, you are going DOWN !
Good luck in internet court.

OgNasty
Donator
Legendary
*
Offline Offline

Activity: 2030


Powered by NastyFans


View Profile WWW
November 20, 2011, 11:40:07 PM
 #810

I logged 243 hours working directly on this project, at a rate of $35/hour.

 Shocked

BITSLER                 ▄███
               ▄████▀
             ▄████▀
           ▄████▀  ▄██▄
         ▄████▀    ▀████▄
       ▄████▀        ▀████▄
     ▄████▀            ▀████▄
   ▄████▀                ▀████▄
 ▄████▀ ▄████▄      ▄████▄ ▀████▄
█████   ██████      ██████   █████
 ▀████▄ ▀████▀      ▀████▀ ▄████▀
   ▀████▄                ▄████▀
     ▀████▄            ▄████▀
       ▀████▄        ▄████▀
         ▀████▄    ▄████▀
           ▀████▄▄████▀
             ▀██████▀
               ▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄            
▄▄▄▄▀▀▀▀    ▄▄█▄▄ ▀▀▄         
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄      
█  ▀▄▄  ▀█▀▀ ▄      ▀████   ▀▀▄   
█ █▄  ▀▄   ▀████       ▀▀ ▄██▄ ▀▀▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█  ▀▀       ▀▄▄ ▀████      ▄▄▄▀▀▀  █
█            ▄ ▀▄    ▄▄▄▀▀▀   ▄▄  █
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█ ▄▄   ███   ▀██  █           ▀▀  █ 
█ ███  ▀██       █        ▄▄      █ 
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  
▀▄            █        ▀▀      █  
▀▀▄   ███▄  █   ▄▄          █   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀    
▀▀▄   █   ▀▀▄▄▄▀▀▀         
▄▄▄▄▄▄▄▄▄▄▄█▄▄▀▀▀▀              
              ▄▄▄██████▄▄▄
          ▄▄████████████████▄▄
        ▄██████▀▀▀▀▀▀▀▀▀▀██████▄
▄     ▄█████▀             ▀█████▄
██▄▄ █████▀                ▀█████
 ████████            ▄██      █████
  ████████▄         ███▀       ████▄
  █████████▀▀     ▄███▀        █████
   █▀▀▀          █████         █████
     ▄▄▄         ████          █████
   █████          ▀▀           ████▀
    █████                     █████
     █████▄                 ▄█████
      ▀█████▄             ▄█████▀
        ▀██████▄▄▄▄▄▄▄▄▄▄██████▀
          ▀▀████████████████▀▀
              ▀▀▀██████▀▀▀
            ▄▄▄███████▄▄▄
         ▄█▀▀▀ ▄▄▄▄▄▄▄ ▀▀▀█▄
       █▀▀ ▄█████████████▄ ▀▀█
     █▀▀ ███████████████████ ▀▀█
    █▀ ███████████████████████ ▀█
   █▀ ███████████████▀▀ ███████ ▀█
 ▄█▀ ██████████████▀      ▀█████ ▀█▄
███ ███████████▀▀            ▀▀██ ███
███ ███████▀▀                     ███
███ ▀▀▀▀                          ███
▀██▄                             ▄██▀
  ▀█▄                            ▀▀
    █▄       █▄▄▄▄▄▄▄▄▄█
     █▄      ▀█████████▀
      ▀█▄      ▀▀▀▀▀▀▀
        ▀▀█▄▄  ▄▄▄
            ▀▀█████
[]
shakaru
Sr. Member
****
Offline Offline

Activity: 364


View Profile WWW
November 20, 2011, 11:55:56 PM
 #811

Quote
Vote Start: Wednesday November 16, 2011 - 9:00 PM Vote End: Tuesday November 22, 2011 - 12:00 AM
Vote Num: 000006
Vote issue: Wrapping up and liquidation of SIN This vote is being held to determine the shareholders' opinions on the matter of wrapping up SIN and liquidating its assets.
A vote in favor (yes) will support the wrapping up and liquidation of SIN.
A vote against (no) will be against the wrapping up and liquidation of SIN.

What will happen when I choose 'wrap & liquidate' ?

Tawsix sells hardware with loss -shareholders get nothing- or will the hardware go to someone we don't know ? (what do I get out of this deal?)

Voting against liquidation will change nothing and frustration will continue.

No, I sell the hardware and the money that comes from selling it gets passed on to shareholders as dividends until there is no more hardware to sell.  An estimate of what you'll get out of it is around 0.87 BTC (at today's prices) per share you own.  [($9000 revenue/ 2.235 BTC/$) / 4608 shares]

SKEPSIDYNE INVESTORS ARE CURRENTLY VOTING ON LIQUIDATING THE COMPANY

Due to the low prices BTC has fallen to, it has become unprofitable to operate the machines, so a motion has been put up to liquidate the company and pay out proceeds back to investors.  This vote will be up until midnight Tuesday, November 22nd.  If you are investor and have any questions regarding the liquidation, please post them here, PM me, or email me at tawsix@skepsidyne.com.

-Tawsix

To others: The time I logged is from straight working on computers.  It does not involve the time I spent driving around picking up materials, it doesn't cover gas, it doesn't cover wear on tools, it doesn't cover time spent on this project besides working directly with the computers, it doesn't cover internet costs, it doesn't cover insurance costs, and it doesn't cover property taxes, to name a few things it doesn't cover.  And that's just my things it doesn't cover.  The value from the contractors is straight time paid, it doesn't cover workman's comp, it doesn't cover the materials they donated, it doesn't cover gas, it doesn't cover their insurance, and it doesn't cover their fees, to name a few things it doesn't cover.

So here is the ultimatum: I will give you a total time logged.  I will give you the activities that that time was spent on.  I will give you a (non-comprehensive) list of materials that were donated or borrowed that otherwise would have had to have been bought.

Or I will sit down and basically audit myself and account for every screw, every plug, every wire, every second of my time, and bill the company for it all.  I will ask the contractors for bills.  These bills will be far greater than just time worked (which will also be on there, except at their actual working rates, far greater than the $30/hour or so I am giving them).  I will gladly post the proof of these bills from the contractors.  At that point there will be no going back, and the contractors will be paid their bills to the best ability of this company.  Their bills will be far greater than the $10,000 we could expect to make from the liquidation.  Investors will not see a single cent of it.

Perhaps some of you aren't grasping the magnitude of how much was given to this company to make it work.  I didn't collect dividends so this company could get off the ground.  I didn't charge for time spent so this company could get off the ground.  I called in a lot of favors from a lot of people to give me help for free so this company could get off the ground.  I am tired of people acting like that did not at all contribute to the company being profitable, and that it did not contribute to the dividends the investors got, and that it didn't contribute to the growth we were able to experience.

So here's the deal: say the word, and I will put up a motion concerning this.  I won't vote at all on this motion, it will be purely an investor vote.  Just keep in mind, if that motion goes towards asking for bills, there will be no going back, and there will be no money left for investors.

I will see you in court. You are a lair and a thief and have done nothing but hold of the storm that is coming your way.

PS: When did we motion and vote to pay $35/hr and offer an contract hourly cap? If I missed this one, someone please tell me because WTF?!

SgtSpike
Legendary
*
Offline Offline

Activity: 1344



View Profile
November 21, 2011, 07:38:59 AM
 #812

To others: The time I logged is from straight working on computers.  It does not involve the time I spent driving around picking up materials, it doesn't cover gas, it doesn't cover wear on tools, it doesn't cover time spent on this project besides working directly with the computers, it doesn't cover internet costs, it doesn't cover insurance costs, and it doesn't cover property taxes, to name a few things it doesn't cover.  And that's just my things it doesn't cover.  The value from the contractors is straight time paid, it doesn't cover workman's comp, it doesn't cover the materials they donated, it doesn't cover gas, it doesn't cover their insurance, and it doesn't cover their fees, to name a few things it doesn't cover.

So here is the ultimatum: I will give you a total time logged.  I will give you the activities that that time was spent on.  I will give you a (non-comprehensive) list of materials that were donated or borrowed that otherwise would have had to have been bought.

Or I will sit down and basically audit myself and account for every screw, every plug, every wire, every second of my time, and bill the company for it all.  I will ask the contractors for bills.  These bills will be far greater than just time worked (which will also be on there, except at their actual working rates, far greater than the $30/hour or so I am giving them).  I will gladly post the proof of these bills from the contractors.  At that point there will be no going back, and the contractors will be paid their bills to the best ability of this company.  Their bills will be far greater than the $10,000 we could expect to make from the liquidation.  Investors will not see a single cent of it.

Perhaps some of you aren't grasping the magnitude of how much was given to this company to make it work.  I didn't collect dividends so this company could get off the ground.  I didn't charge for time spent so this company could get off the ground.  I called in a lot of favors from a lot of people to give me help for free so this company could get off the ground.  I am tired of people acting like that did not at all contribute to the company being profitable, and that it did not contribute to the dividends the investors got, and that it didn't contribute to the growth we were able to experience.

So here's the deal: say the word, and I will put up a motion concerning this.  I won't vote at all on this motion, it will be purely an investor vote.  Just keep in mind, if that motion goes towards asking for bills, there will be no going back, and there will be no money left for investors.
Do you even understand what a contract is?

All of those things you listed, your driving around, gas, wear on tools, time spent on the project, internet costs (aren't you paying for internet anyway??), insurance, etc.  None of those things were included in the contract that YOU wrote.  If you wanted to be reimbursed for your time, you should have written that in your original contract.  If you wanted to be reimbursed for your gas, or insurance, or internet expenses, you should have written that in your original contract.  Since you did not write that in your contract, you can expect to be reimbursed for NONE of those things.  None.  Nada.  Zip.  Zero.

Was that a mistake on your part, that you didn't have those things written in to the contract?  Probably.  Does that mean you can steal half the company away for making that mistake?  Hell no!  That's what lawyers are for - to write up contracts that cover everything that could possibly come up.  Since you didn't write it up with a lawyer, you missed some stuff, and you'll have consequences because of it.
Ben Walsh (beamer)
Sr. Member
****
Offline Offline

Activity: 315


View Profile
November 21, 2011, 08:56:37 AM
 #813

TAWSIX - You make it sound like such a lot of effort, so much work. You were running, badly for much of the time, a couple of gaming spec computers and a pretty easily configured piece of software not NASA control centre.

Enough with this crap. How does a non-US citizen go about joining a class action suit ?

Quote
Vote Start: Wednesday November 16, 2011 - 9:00 PM Vote End: Tuesday November 22, 2011 - 12:00 AM
Vote Num: 000006
Vote issue: Wrapping up and liquidation of SIN This vote is being held to determine the shareholders' opinions on the matter of wrapping up SIN and liquidating its assets.
A vote in favor (yes) will support the wrapping up and liquidation of SIN.
A vote against (no) will be against the wrapping up and liquidation of SIN.

What will happen when I choose 'wrap & liquidate' ?

Tawsix sells hardware with loss -shareholders get nothing- or will the hardware go to someone we don't know ? (what do I get out of this deal?)

Voting against liquidation will change nothing and frustration will continue.

No, I sell the hardware and the money that comes from selling it gets passed on to shareholders as dividends until there is no more hardware to sell.  An estimate of what you'll get out of it is around 0.87 BTC (at today's prices) per share you own.  [($9000 revenue/ 2.235 BTC/$) / 4608 shares]

SKEPSIDYNE INVESTORS ARE CURRENTLY VOTING ON LIQUIDATING THE COMPANY

Due to the low prices BTC has fallen to, it has become unprofitable to operate the machines, so a motion has been put up to liquidate the company and pay out proceeds back to investors.  This vote will be up until midnight Tuesday, November 22nd.  If you are investor and have any questions regarding the liquidation, please post them here, PM me, or email me at tawsix@skepsidyne.com.

-Tawsix

To others: The time I logged is from straight working on computers.  It does not involve the time I spent driving around picking up materials, it doesn't cover gas, it doesn't cover wear on tools, it doesn't cover time spent on this project besides working directly with the computers, it doesn't cover internet costs, it doesn't cover insurance costs, and it doesn't cover property taxes, to name a few things it doesn't cover.  And that's just my things it doesn't cover.  The value from the contractors is straight time paid, it doesn't cover workman's comp, it doesn't cover the materials they donated, it doesn't cover gas, it doesn't cover their insurance, and it doesn't cover their fees, to name a few things it doesn't cover.

So here is the ultimatum: I will give you a total time logged.  I will give you the activities that that time was spent on.  I will give you a (non-comprehensive) list of materials that were donated or borrowed that otherwise would have had to have been bought.

Or I will sit down and basically audit myself and account for every screw, every plug, every wire, every second of my time, and bill the company for it all.  I will ask the contractors for bills.  These bills will be far greater than just time worked (which will also be on there, except at their actual working rates, far greater than the $30/hour or so I am giving them).  I will gladly post the proof of these bills from the contractors.  At that point there will be no going back, and the contractors will be paid their bills to the best ability of this company.  Their bills will be far greater than the $10,000 we could expect to make from the liquidation.  Investors will not see a single cent of it.

Perhaps some of you aren't grasping the magnitude of how much was given to this company to make it work.  I didn't collect dividends so this company could get off the ground.  I didn't charge for time spent so this company could get off the ground.  I called in a lot of favors from a lot of people to give me help for free so this company could get off the ground.  I am tired of people acting like that did not at all contribute to the company being profitable, and that it did not contribute to the dividends the investors got, and that it didn't contribute to the growth we were able to experience.

So here's the deal: say the word, and I will put up a motion concerning this.  I won't vote at all on this motion, it will be purely an investor vote.  Just keep in mind, if that motion goes towards asking for bills, there will be no going back, and there will be no money left for investors.

BTC Difficulty Avg Change Google Gadget - http://bit.ly/nWZLkr
How many Bitcoins can I expect to mine ? - http://bitcoindetailedcalculator.appspot.com
BTC Donation Address : 13Wu7W7jmjQot7xnqogHYSmUmR1MzyB3YE
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
November 21, 2011, 02:08:08 PM
 #814

TAWSIX - You make it sound like such a lot of effort, so much work. You were running, badly for much of the time, a couple of gaming spec computers and a pretty easily configured piece of software not NASA control centre.

Enough with this crap. How does a non-US citizen go about joining a class action suit ?

Well first someone needs to file suit (not in small claims court).  The person filing suit will need to request that a class be recognized and define the limits of the class (likely any holder of shares in this contract).  If judge agrees that a class can be certified he will and the plantiff's lawyers can then recruit persons to join the class.  If the judge rules that a class can't be certified (usually because the members of the potential class are not similar enough) then there will be no class action and the individual lawsuits will proceed.

By joining the class you are waiving any rights to independent claims and accept the decision of the class action as full compensation for any damages your incurred.

Honestly given the cost, complexity, and time (usually 2-3 years or longer) it is very unlikely that any class action will be filed.  Most likely the best route of compensation is individual claims in small claims court.  For those without cheap access to small claims court they could reach an agreement with someone who intends to file in small claims court.  Turn over your shares to them (thus bolstering the claim size) and in return split any compensation from small claims court by number of shares submitted.  Obviously write up a contract to protect your claim. 

Still messy but far less complicated and time-consuming than a class action.  The amount of money (even if you got 100% full compensation awarded) is so small that honestly lawyers fees would likely be 100% of any compensation (possibly >100%) even if you found a law firm willing to take it.
shakaru
Sr. Member
****
Offline Offline

Activity: 364


View Profile WWW
November 21, 2011, 10:49:29 PM
 #815

I have been on the phone all morning with my lawyer despite this being my vacation.

Small claims is the best bet here for anyone who has been defrauded by SIN. If you have only a few shares of SIN and would like to be organised into a small claims filing group, please PM me and I will do my best to place you with others in a manor that you do not exceade the small claims limitations.
I also would suggest that anyone who is interested, please contact the legal@***.com address of the SIN webhost and request that the registrant information be handed over to you.

piuk
Hero Member
*****
Offline Offline

Activity: 910



View Profile WWW
November 22, 2011, 09:23:19 AM
 #816

http://www.judgejudy.com/submit_your_case I'd love to see her figure this one out.  Cheesy

server
Hero Member
*****
Offline Offline

Activity: 813


~\/~


View Profile
November 22, 2011, 03:55:36 PM
 #817

Is this voting thing still going on ?

GLBSE is down for more then 2 days now... nobody can vote...

https://glbse.com/assets/

SgtSpike
Legendary
*
Offline Offline

Activity: 1344



View Profile
November 22, 2011, 04:17:56 PM
 #818

http://www.judgejudy.com/submit_your_case I'd love to see her figure this one out.  Cheesy
People's court is better...
shakaru
Sr. Member
****
Offline Offline

Activity: 364


View Profile WWW
November 22, 2011, 04:56:29 PM
 #819

Is this voting thing still going on ?

GLBSE is down for more then 2 days now... nobody can vote...

https://glbse.com/assets/



Im in and voting

teek
Hero Member
*****
Offline Offline

Activity: 664


ASICMINER Official Canadian Distributor


View Profile
November 22, 2011, 05:27:34 PM
 #820

Is this voting thing still going on ?

GLBSE is down for more then 2 days now... nobody can vote...

https://glbse.com/assets/



Im in and voting


shakaru, you are saying glbse is working for you right now?  Mine is definitely not...

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 [41] 42 43 44 45 46 47 48 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!