Yet as you may or apparently may not notice these were shares bought in BTC, not USD. We gave you BITCOINS, not $.
And even when you count like that, the numbers don't add up.
At the time of the IPO 1BTC was worth about 11USD.
http://bitcoincharts.com/charts/mtgoxUSD#rg150zczsg2012-08-01zeg2012-08-31ztgSzm1g10zm2g25zvEach share was bought at 0.25BTC, which was about 2.75USD
371 shares (not counting yours) equaled 1020 USD YET you decided to give us back ~0.11 a share *13.2$ = 538$.
What exactly you don't understand? You stole more than half (counting dividiends) of what was given to you!
EDIT: actually not given, as you were supposed to be only the operator, as these were, and I quote "PGM SHARES! NO BOND!"
He's not actually scamming you on the closedown - you got screwed when you bought the shares in the first place. Here's his post that explains how (and just how badly) you got screwed:
I do not sell any BFL Singles into GLBSE anymore, eventhough I own more than 2.
I sold 1 BFL Single that I own to shareholders (1000 shares), I will not create any more shares in the near future.
Here is a picture of one of my Single`s:
https://docs.google.com/open?id=0B204dRi-nEXRdll5TC1mVGRmX0kHopefully I informed you enough.
Greetz
He sold 1000 shares at .25 BTC each (250 BTC total = over $2500) and in return shareholders got ONE BFL single. That's where you lost your money - his closing down like this is just making your loss immediately obvious.
Mistake you made was assuming that some of the funds raised were going to buy new hardware - they weren't. If he released a new BFL single to the company that would have been accompanied by raising more funds by sellling new shares. The funds raised were just going into his pocket and in return you got a portion of a BFL single worth about 1/3 of what you invested. Obviously that was never going to make you any profit even if he paid for running costs.
If someone sells a "share" then make damn sure they spell out exactly how funds raised will be used and how (and when) they take their own cut. Otherwise you'll end up (as was the case here) paying a grossly inflated price for something then being surprised when you make a loss.