Is the coinb.in/multisig site working properly? It seems to be able to create redeem scripts properly, but the transactions page never seems to find spendable outputs. I wonder if it's API connection is broken?
Indications from recent comments are that it is not working properly, I seem to recall the coinb.in/multisig site was subjected to some attacks and had problems and the github-based site (see my earlier comments in this thread) did not have any problems but then later _did_ have problems for some reason. (server perhaps) however, I am guessing the best thing to do is see if you can raise OutCast3k (careful with the spelling!) on this forum (who shows as last active June 29, 2014), it's possible that btcapparel (also on this forum) may have been in touch with OutCast3k (but probably late last year...) so it is a long shot
I would check here and open an issue:
https://github.com/OutCast3k/bitcoin-multisigThere is an open issue (#16) that already represents the issue described, that is unresolved. If it remains unresolved one could fork it and develop something new, or look at the other options (CoPay, which is a multisignature tool developed by BitPay, or Armory's multisignature feature - which I'm not sure of the status of those at this time, but I recall they were serious about the development of such).
NOTE--NOTE:If you (and the other person you co-generate multisignature with) have already used coinb.in/multisig to generate something to which funds can be sent, you should both have written (or typed) down and locked away in a safe place, the following:
pubkey
address
privkey (this is private and should only be known by the individual holding it, by the way, hence the name, privkey!!)
multisig address (this is public and will typically begin with the number three, I think)
redeem script
(Note that there will be a bunch of gobbledygook that will be different for you than it would be for the other party who is a participant in the multisignature transaction, but at the end of it all, when you've gone through the steps, you both have a ton of info which includes, of course, public multisignature address that you can show anyone.)
(Also, do not expose the paper you have all this information on, to Frog Lube, Cosmoline, or any other gunner lube which may happen to be laying around in your safe! - Because if you do it will stain it something awful.)
Have fun out there.