Topic: [BitFunder] Moving Forward/Resolution Process - page 34. (Read 292138 times)

It depends on the price the shares can be sold at. But it would currently be around 20-40% of what is owed. Much much lower.. I misread the share price


Jon and Danny says that "something" happened in the middle of November which still makes it impossible to use the funds. Danny refereed to it as a "legal issue". They have both said that they would get in trouble for disclosing information about this issue.

Ukyo sold the coins on an exchange at what he thought was the top of the market back in October. I've posted on the 'Fall of Uyko' thread about this today. He planned to buy back all the coins plus more for himself at a lower price than he sold for. It was a big big gamble with someone elses money.

Right now he has enough FIAT to buy back probably 30% of the coins he sold. If BTC has a major fall he could buy them all back and pay you all back - but that is very very unlikely.

See the 'Fall of Uyko' thread to see how much these shares are worth.

I would say Ukyo is not the best person to be holding these shares right now. If he had control and sold them do you really think you would see any of the coins? Who knows his real identity? He is millions of dollars in debt, possibly going to prison and has all the reasons to run with his ACtM share money.

Repeated cross-post by Ukyo's request from https://bitcointalksearch.org/topic/m.4706187

Ukyo, I ask again in the proper thread: If I paid BTC to Weexchange that got stuck, what exactly happened to the 94% of them that I did not get back from the claims portal?

Where are those BTC now, exactly?

I haven't read all the posts here but I just wanted to clarify Ukyo, if you sell all the active mining shares will this be enough to pay back all those owed money from weexchange?

FFS, stop bringing "law" into this.  The Belize and Australia bulshit is irrelevant.  "Fighting [a] Belize company"?  There's no corporate shield on either side - both Ken and Jon have broken enough laws on their home turf, US, to assure that.  At this point it's just thieves stealing from each other -  more desperately and artlessly by the day.

Real courts are surprisingly unlike teh interwebs.  Stupidity like Ken's "AMC is a virtual identity totally owned by the Active Mining Corporation (Belize) that represents both itself and its profits" might impress the younger neckbeards on this forum, but it's just catnip for prosecutors IRL.

As far as legal muscle behind these guys, i can only say that judging by the pseudo-legalese gibberish posted by Ken, there can't be much.  The shit is illiterate and hasn't been proofed for grammar or spelling.  I'd say it hasn't been looked over by girthy law firms either - what's your guess?

Correct me if I'm wrong but isn't it true that ukyo is ceo, lead developer, and sole employee of both bitfunder and weexchange?

Jimmothy you are owed virtually nothing, unlike many of us, and know nothing about the law or facts in his case. Bf and WeEx are different entities. Get over it. The coins are no longer available either, so stop coming out with your trash.

The above is about paying a small part of our debt back. Not much, but another bit. That has just been taken away from us, and yes the law does apply here. As ken says, however, good luck fighting his Belize company.

Doesn't make me too happy as a creditor tho does it.

Lol...

How about ukyo just buys back his actm shares later with some of the 5000btc he is holding hostage?

Not sure you have any legal rights as a scammer in an unregulated security exchange market.

Also weexchange being different from bitfunder is bullshit and we all know it.

Ignoring the issue that ukyo cannot disclose for a sec... And yes I too want to see news and public info but I can confirm ukyo's second problem and the timing of it. Guess who was due to be paid next, when withdrawals stopped eh? Muggins here. Afaik ukyo actually is working to pay everyone back, however, lophie. Danny is of the same opinion and he has even said he will be paid last, voluntarily. Anyway...

I nearly choked when I saw active mining taking his shares. However, I quickly assumed a deal had been done with ken. Apparently not. I don't see the legality of this. Worse, as someone else owed by WeEx, those were shares ukyo had been trying to sell to pay us back another bit for ages.

That's our money being taken off us.

1) active mining are owed by weexchange Australia, not bitfunder and not ukyo personally. You can't take personal items for company debt just like that. There are also a large number of creditors.

2) why did active mining have funds in either place anyway. They should not have been trading shareholder funds and online wallets are no place for private funds. Ukyo, had you just paid them late? What's going on here?

3) are personal funds now involved too? If so, they must be dealt with differently and not conflated.

There is a legal approach to this that active mining and ken could take, one each for company and private funds. This has not been done or was not successful.

This affects all of us and I implore ken to stop this action immediately and allow ukyo to sell his shares on the proviso that all funds are split to WeEx creditors as ukyo has said he would do voluntarily. It may not be much, but every bit helps. ActiveMinings new announcement may even make them worth more money.

Worst case, activemining just put themselves in the legal firing line which no one wants to see. Why take the risk? Belize doesn't protect against everything.

Hey Guys,

could someone please give me a short summary about the current situation of the stuck funds?

I'am not really up to date , and really to busy to read through all the pages, but still got a few coins stuck at weexchange.

Thank you very much

To Staff, Theymos, Please accept only a signed message with a statement of your choice from 1DigitwteXwFcRAaWpVDRp6eKqzC6y9tgm and original email address to be used as proof of ownership of this forum account.

Go on. If that's the way you want to tell us what happened.

Except that the keys were not lost.

I am honestly still pissed Ukyo didn't post something like

"Guys I fucked up, I am really sorry, I will try to pay you all back but I honestly don't know when, The problem was that bitcoind erased the keys due to a bug and here is a link to the bug report. I should have stopped the system earlier but I didn't know they were lost I thought they were just stuck."

For not having balls to AT LEAST tell us that, I will get you one day, I am NOT a law abiding citizen in this matter.

Good day ppl, have a shitty day fucskyo.

Lol even though I am on Ukyos side during this, isn't the BTC value of ukyos ActM shares like.. 0.01% of the total missing BTC?     this is pocket change to you and ken that you're fighting over, compared to the big picture of everyone elses losses.  Wtf?

Glad to know we both agree I am on the right track with ActM then.

Yeah, selling your house and car and get a loan will also help.

Uh. Really?

Do you not want me to continue to try to sell ActM shares so you can receive some BTC from it?
I thought you were demanding BTC and didn't care where it came from even if its my personal.
Perhaps I should stop "conflating" these two things.

Ukyo what has active mining have to do, at all, with someone, like myself, who deposited money to wexchange then could not withdraw the btc.   How can you conflate these two things?  There is no link that I can see.

You can't just accept deposits from people then keep their money  (...like do I really need to describe this to you? Apparently).  What you have done is called thievery and there are repercussions.

Your information is public, you will not be able to hide from this.