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Topic: [BitFunder] Moving Forward/Resolution Process - page 44. (Read 292132 times)

sr. member
Activity: 448
Merit: 250

Read: Sue Jon Montroll directly, don't sue Weex.

Even if Weex did file for bankruptcy, they would have to list their assets and liquidate those to creditors. Not that I think that it would help, but it means that bankruptcy is a 'throw up your hands and everything is gone/forgotten'

You can. Anyone can sue anyone for any reason.
Please consult your lawyer if you wish to proceed.

In the meantime, I am favoring "not" filing bankruptcy and continuing to work to make people whole.

-Ukyo
legendary
Activity: 1386
Merit: 1000
Jon, you can not afford to let WeEx go into bankruptcy.
It's the only card in your hand that stems the inevitable shitstorm you'll face when people learn they have no chance of seeing their money again.
Bankruptcy is not a choice for you, but you know that yourself.
BTW, it's schizophrenic to call WeEx "it," as if it had a will of it's own.  WeEx is *you*.  If things go badly for "it," things go proportionally badly for you. 

If the company is sued it has no choice but to file bankruptcy. I am not 100% sure about AU law however here (and I have tried) most Judges do not allow an individual to represent a corporation in court. Even if they did allow it, I am not a lawyer nor am I in AU and would not be able to take on such legal matters.

A corporation is it's own entity, which is the reason why most courts require that a lawyer represent a corporation and not an individual.
They have their own individual tax id's and everything. Smiley

-Ukyo

Read: Sue Jon Montroll directly, don't sue Weex.

Even if Weex did file for bankruptcy, they would have to list their assets and liquidate those to creditors. Not that I think that it would help, but it means that bankruptcy is a 'throw up your hands and everything is gone/forgotten'
sr. member
Activity: 448
Merit: 250
Jon, you can not afford to let WeEx go into bankruptcy.
It's the only card in your hand that stems the inevitable shitstorm you'll face when people learn they have no chance of seeing their money again.
Bankruptcy is not a choice for you, but you know that yourself.
BTW, it's schizophrenic to call WeEx "it," as if it had a will of it's own.  WeEx is *you*.  If things go badly for "it," things go proportionally badly for you. 

If the company is sued it has no choice but to file bankruptcy. I am not 100% sure about AU law however here (and I have tried) most Judges do not allow an individual to represent a corporation in court. Even if they did allow it, I am not a lawyer nor am I in AU and would not be able to take on such legal matters.

A corporation is it's own entity, which is the reason why most courts require that a lawyer represent a corporation and not an individual.
They have their own individual tax id's and everything. Smiley

-Ukyo
hero member
Activity: 728
Merit: 500
He seems deleted(is this possible?) some of the negative feedbacks.

Feedback can only be deleted by the person giving the feedback.
newbie
Activity: 28
Merit: 0
The reason why ukyo's trusted feedback is so high is beyond me. He seems deleted(is this possible?) some of the negative feedbacks.

Anyone got robbed by him please give him a negative feedback, this is what scammers like Ukyo and TradeFortress deserve.
newbie
Activity: 40
Merit: 0
ukyo: what about graet.loan ?
newbie
Activity: 49
Merit: 0
Ukyo Please transfer my 449 AM shares!!! Please do not ignore me.
sr. member
Activity: 448
Merit: 250
What does BitFunder (which is now shut down) having legal representation to investigate licensing possibilities have anything to do with WeExchange?

You want us to believe to you hired legal firms across the globe for bitfunder, a pure bitcoin business,  and didnt think it a good idea to look in to a legal ramifications of operating an international money exchange business?

BTW, I think this is where I get to say: "I told you so".


Please make less sense elsewhere.
sr. member
Activity: 448
Merit: 250
Really? First i have read your sentence exactly that way... then i thought "there is none" was meant for the funds that dont exist and cant be used for a lawyer.

But if there really is no lawyer then its highly unlikely that a gag order is in place since for sure you would have asked a lawyer for legal advice what to do.

You claim the coins arent in weexchange anymore so its no technical error.

The government cant take the coins without you but you didnt take the coins you say.

Since the coins are gone like you claim the only reason i see is they were stolen. But then i dont understand your silence. The thieve knows what he did and knows you hunt him. Silence only would help him since you prevent us from helping then.

You want to keep Weexchange alive because you want to sell it or have a big customer, maybe NEOBEE. I dont see why a liability, that you have, should die when weexchange dies.

I have another thought... maybe you did an error like nefario did. When bitcoind was broken you maybe sent too many bitcoins to one or more users and you now hope to get it back. Again... nothing for what weexchange has to stay alive or something the company would protect you so that you wouldnt need to pay back the coins when weexchange died.

Again... i hope you know what you do with your silence.

Correct. There is no defense lawyer for WeExchange and nor are there funds for WeExchange to have one.

As far as advise from any other lawyers, I can not share that information since it would break confidentiality.

I truly hope to be able to resolve things.

-Ukyo
legendary
Activity: 980
Merit: 1040
What does BitFunder (which is now shut down) having legal representation to investigate licensing possibilities have anything to do with WeExchange?

You want us to believe to you hired legal firms across the globe for bitfunder, a pure bitcoin business,  and didnt think it a good idea to look in to a legal ramifications of operating an international money exchange business?

BTW, I think this is where I get to say: "I told you so".

full member
Activity: 219
Merit: 100
I think you missed the point.
There was no lawyer hired using WeExchange funds because there is none.
And I did not take the funds out.

What you see is facts.

There is nothing available for WeExchange Au to be able to defend itself from a lawsuit.
It would have _no_ choice but to file bankruptcy.
This is not my choice, this is something that would be forced by a third party wishing to spend funds for the sole purpose of closing the company with no other results.
If bankruptcy is declared then all debtors (users and alike) will get an equal share of current assets and funds (nothing), the company is closed, and that is that.
I did not take the btc or have done anything unlawful with them. This has been said many times. We are trying to work things out to the best possible outcome
and make everyone 100% whole.

-Ukyo

Hi Ukyo,

How long until you can release information about what happened and what is being done about it?

How long until we see something?
hero member
Activity: 544
Merit: 500
You are wrong.

You see, you did not have the weex funds to do with as you please.

If they have been used for any purpose, as the blockchain will prove true or false, then you are up for criminal charges if you do not return them all.

Which is what I stated. I did not.

In other words, the most likely cause that you can't express would be something like: I did not, I trusted someone who had control over the BTC and misbehaved, but I can't say it, because I have started a legal procedure in hope for a bargain agreement / partial / total recovery of the funds, and exposing my facts / claims to the public could be used against my interests during that procedure.

Or maybe that person is a relative of yours. I don't know. I don't really care... should I?

While others seem so upset by the mystery, I am simply concerned about the recovery of my debt, and I think everyone should mostly focus on the most promising path towards that recovery. All the rest should stay a private matter, that's the best resolution for everyone. May it be as quick as possible!


well said. I couldn't give a rats turd what happened just resolve it as quick as you can and stop playing with the trolls.
legendary
Activity: 1946
Merit: 1035
You are wrong.

You see, you did not have the weex funds to do with as you please.

If they have been used for any purpose, as the blockchain will prove true or false, then you are up for criminal charges if you do not return them all.

Which is what I stated. I did not.

In other words, the most likely cause that you can't express would be something like: I did not, I trusted someone who had control over the BTC and misbehaved, but I can't say it, because I have started a legal procedure in hope for a bargain agreement / partial / total recovery of the funds, and exposing my facts / claims to the public could be used against my interests during that procedure.

Or maybe that person is a relative of yours. I don't know. I don't really care... should I?

While others seem so upset by the mystery, I am simply concerned about the recovery of my debt, and I think everyone should mostly focus on the most promising path towards that recovery. All the rest should stay a private matter, that's the best resolution for everyone. May it be as quick as possible!
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
There was no lawyer hired using WeExchange funds because there is none.

Really. Not so long ago I questioned you about the legality of your businesses, and you replied this:

Quote
I have 3 lawfirms around the world that I am working with to try my best to make sure BitFunder is safe and to get government sponsorship / licensing
https://bitcointalksearch.org/topic/m.3216254

Now you are saying you dont have a lawyer?

What does BitFunder (which is now shut down) having legal representation to investigate licensing possibilities have anything to do with WeExchange?

WeExchange does not have a defense attorney hired to defend itself from lawsuits.

Really? First i have read your sentence exactly that way... then i thought "there is none" was meant for the funds that dont exist and cant be used for a lawyer.

But if there really is no lawyer then its highly unlikely that a gag order is in place since for sure you would have asked a lawyer for legal advice what to do.

You claim the coins arent in weexchange anymore so its no technical error.

The government cant take the coins without you but you didnt take the coins you say.

Since the coins are gone like you claim the only reason i see is they were stolen. But then i dont understand your silence. The thieve knows what he did and knows you hunt him. Silence only would help him since you prevent us from helping then.

You want to keep Weexchange alive because you want to sell it or have a big customer, maybe NEOBEE. I dont see why a liability, that you have, should die when weexchange dies.

I have another thought... maybe you did an error like nefario did. When bitcoind was broken you maybe sent too many bitcoins to one or more users and you now hope to get it back. Again... nothing for what weexchange has to stay alive or something the company would protect you so that you wouldnt need to pay back the coins when weexchange died.

Again... i hope you know what you do with your silence.
sr. member
Activity: 448
Merit: 250
You are wrong.

You see, you did not have the weex funds to do with as you please.

If they have been used for any purpose, as the blockchain will prove true or false, then you are up for criminal charges if you do not return them all.

Which is what I stated. I did not.
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
I think you missed the point.
There was no lawyer hired using WeExchange funds because there is none.
And I did not take the funds out.

What you see is facts.

There is nothing available for WeExchange Au to be able to defend itself from a lawsuit.
It would have _no_ choice but to file bankruptcy.
This is not my choice, this is something that would be forced by a third party wishing to spend funds for the sole purpose of closing the company with no other results.
If bankruptcy is declared then all debtors (users and alike) will get an equal share of current assets and funds (nothing), the company is closed, and that is that.
...
You are wrong.

You see, you did not have the weex funds to do with as you please.

If they have been used for any purpose, as the blockchain will prove true or false, then you are up for criminal charges if you do not return them all.
sr. member
Activity: 448
Merit: 250
You would be the link between those two legal entities. I'm assuming that you hired the lawyer for BitFunder? It's reasonable to assume that you might hire the same lawyers to defend both companies.

BitFunder and WeExchange Au are different jurisdictions / countries.
legendary
Activity: 1386
Merit: 1000
There was no lawyer hired using WeExchange funds because there is none.

Really. Not so long ago I questioned you about the legality of your businesses, and you replied this:

Quote
I have 3 lawfirms around the world that I am working with to try my best to make sure BitFunder is safe and to get government sponsorship / licensing
https://bitcointalksearch.org/topic/m.3216254

Now you are saying you dont have a lawyer?

What does BitFunder (which is now shut down) having legal representation to investigate licensing possibilities have anything to do with WeExchange?

WeExchange does not have a defense attorney hired to defend itself from lawsuits.


You would be the link between those two legal entities. I'm assuming that you hired the lawyer for BitFunder? It's reasonable to assume that you might hire the same lawyers to defend both companies.
sr. member
Activity: 448
Merit: 250
There was no lawyer hired using WeExchange funds because there is none.

Really. Not so long ago I questioned you about the legality of your businesses, and you replied this:

Quote
I have 3 lawfirms around the world that I am working with to try my best to make sure BitFunder is safe and to get government sponsorship / licensing
https://bitcointalksearch.org/topic/m.3216254

Now you are saying you dont have a lawyer?

What does BitFunder (which is now shut down) having legal representation to investigate licensing possibilities have anything to do with WeExchange?

WeExchange does not have a defense attorney hired to defend itself from lawsuits.
sr. member
Activity: 476
Merit: 250
I'm not denying your right to ask Ukyo's attention to repay his loan eventually, but let's not forget the above, please.

Ok, let's not forget, however Ukyo stated his next point of order was that portal, so let him finish it and move on with the next.

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