Topic: About BAKEWELL... (Read 2409 times)

Nefario has sent me shareholder information over the last few days.

I have compiled the lists sent to me and compared them against the private sales that were made and the shareholders claims that came in.
As of today all shares are accounted for on the lists Nefario sent me.

I will be pursuing a resisting at https://btct.co/

A "write-off" is an accounting measure which takes bad debt off your books.  Writing off bad or doubtful debt doesn't affect your right to pursue recovery of that debt legally (writing off debt can have tax implications though, both for the creditor and the debtor) although that decision should also be made on purely economic grounds too (both the financial cost and the investment of time involved in pursuing recovery need to be balanced against the likelihood of recovering the original amount owed plus those costs). 

You could argue that there's some value in pursuing an unenforceable judgement purely to fuck up someone's credit rating, but a business that takes debt so personally probably isn't going to survive long-term.

So the operator gets to keep all the equipment purchased with other peoples money ?

This sort of nonsense....

Write-offs are not an emotional affair.

This sentiment is premature.

I am confident in Ian, and while I've written off or devalued several of my holdings due to the GLBSE fiasco, Bakewell is still on my books at 100%.

So what if I pay everyone but niko? Does niko still go to the cops?

What if I give niko a piece, but LoweryCBS does not make the list and gets a lawyer...
 what liability would niko have, being how he got a piece of a "theft over five thousand"
   etc etc etc
It is obviously unacceptable that 1% of the people get paid out (me) with 99% losing (everyone else)
What about 99% getting paid while one person is missed?
What if we manage to pay out 95% or maybe only 80% but the most vocal ones so itll be all good...
If we can not compensate everyone, how do we fairly compensate anyone?

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When I made the most recent post in the BAKEWELL thread, I did so after spending hours trying to figure out some sort of a structure to move on with, having slightly more than a couple handfuls of claims and my personal list, and having nothing from nefario.
Realizing the futility of it, I gave up. ... I hadn't figured out what to do with the assets yet, just figured I would let people know that BAKEWELL is a loss, and lock it so you all don't blow it up and bury my post.
Didn't take long for the "fuck you" mail to come in, so I figured leaving for a few days would be best.

The next day Nefario sent out some lists. I got a half ass incomplete doc, still nothing that would help me move forward.
Looking in my mail now, I have another mail from Nefario, it looks like the other part.

A list from Nefario comes with its own problems, but the situation seems much less hopeless now, hopefully the total will match our last count of shares in the wild, ill review it in the morning.

XXX: Tropical Temptations

Your Second Life sensual retreat....Total shares: 2,250,000

Company Info

Company Tagline: Your Second Life sensual retreat....
CEO's RL/SL Name: Ian James Bakewell (SL:Huff Huldschinsky)
CEO's Real Life Location: Edmonton, Alberta, Canada

Ian Bakewell, after collecting well over $5,000 worth of funds, has abruptly announced the following:



and then locked the thread. He has not explained at all when and how he will be liquidating the gaming/mining rigs and disbursing the funds and mined coins. He has not responded to my PMs, emails, phone calls, and SMS.

Note that, according to Nefario, Ian has been provided the asset list: http://blog.glbse.com/asset-lists

I don't think this was a scam, given all the time and effort Ian has put into this endeavor. I am therefore not posting in the "scam accusations" board. From what I see, it is simply a case of bad judgement on his part. He may think that this is all a risk-free game, and he might very well be right. I assure him and everyone else, however, that I will devote some of my time to proving him wrong. This coming Tuesday I will be having a chat with the investigators at the Economic Crimes Unit of Edmonton Police. Interestingly, "theft over five thousand" is an indictable offence in Canada. The law is rather broad as to what can be counted towards the total, and specifically includes "intangible assets" as long as they are convertible into fiat.

I certanly hope that Ian will save everyone's time, and come here to inform us about the details of closure and the liquidation process.

To report any fraud related offences, contact the Edmonton Police Service at 780-423-4567

Ian Bakewell, after collecting well over $5,000 worth of funds, has abruptly announced the following:



and then locked the thread. He has not explained at all when and how he will be liquidating the gaming/mining rigs and disbursing the funds and mined coins. He has not responded to my PMs, emails, phone calls, and SMS.

Note that, according to Nefario, Ian has been provided the asset list: http://blog.glbse.com/asset-lists

I don't think this was a scam, given all the time and effort Ian has put into this endeavor. I am therefore not posting in the "scam accusations" board. From what I see, it is simply a case of bad judgement on his part. He may think that this is all a risk-free game, and he might very well be right. I assure him and everyone else, however, that I will devote some of my time to proving him wrong. This coming Tuesday I will be having a chat with the investigators at the Economic Crimes Unit of Edmonton Police. Interestingly, "theft over five thousand" is an indictable offence in Canada. The law is rather broad as to what can be counted towards the total, and specifically includes "intangible assets" as long as they are convertible into fiat.

I certanly hope that Ian will save everyone's time, and come here to inform us about the details of closure and the liquidation process.

Two months has passed now from the time the GLBSE went down.
I have yet to be given a shareholders list. I doubt one is coming.

I have lurked everything and read until my eyes bleed, I have tried to compile a claims list and waited for Nefario...
Unfortunately it appears no way to properly handle a relisting of the GLBSE asset exists.

I have gone back and forth over this for some time now, this sucks but none the less;
I must inform you that at this time you should probably consider the GLBSE listed asset BAKEWELL a loss.

You all have my apologies.