Topic: Countdown til October 12th - page 2. (Read 4697 times)

to quote
A: As of today the earliest estimated time that coins can begin moving is Friday, Oct 12th.  I can only keep you updated on this date as I have more information.
that is earliest
so nothing will move then or anytime soon after

Good point...it's the famous and rich who pass everything to their lawyers...

Not until there's something very specific that the lawyer can handle.  Lawyers charge for every phone call they take and every email they answer.  Unless you've got unlimited funds with which to pay your lawyer, you're not going to pay him to take 500 phone calls telling people the same thing you've already told them.  Bear in mind that attorney-client privilege severely limits the information that your lawyer is able to disclose to others, too - even if your lawyer knows exactly what is going on, that doesn't mean he can legally disclose that information to your creditors.

Don't people typically delegate most of this type of communication to their lawyers?  I mean, don't people just typically say here's the info for my lawyer -- talk to them?  Is the contact info for his lawyer known?

For the people who have borrowed money from others to deposit to BTCS&T, there is no other choice but hope. Most, if not all, seem like decent people who are making an effort to return what they have borrowed but some are in debt of tens of thousands of coins, which is equivalent to a very good house and a car. Of course there is no excuse for lying to your lenders, but at least it's somewhat apparent that no malice was intended. At least not completely.

This might even apply to pirateat40 himself. I'm sure we will know at some point whether he was a guilty victim too or just a resourceful conman, but I'm not holding my breath for this year.

Pirateat40:
freenode.net #btcst
Link from the topic: http://pastebin.com/DVNsx7xz

Content from Link:
Q: What's going on?
A: In short, one of my largest clients decided they would make things difficult for me.  In the heat of the moment I made a move to secure the USD backing the coins when they were not returned and has made things much more difficult.

Q: Where have you been?
A: I realize not having information is annoying and somewhat concerning. I’ve stopped responding publicly until hard information was available due to some legal concerns that developed.  Once the attorneys (both mine and my clients) got involved, everything slowed down while everything was sorted out.

Q: When will we get our coins?
A: As of today the earliest estimated time that coins can begin moving is Friday, Oct 12th.  I can only keep you updated on this date as I have more information.

Q: Why did you require PPT operators to submit their account holders information?
A: There’re a few reasons for doing this.  The largest of which was to remove the PPT operators from the added risk of their users claiming they were not paid once the main account was paid. The other reasons can not be disclosed.

Q: What is going to happen with bond issuers?
A: Since bonds can be traded and have taken a large hit due to the closure of BTCST, I’ll be working with the bond issuers to find a solution that best suits their investors.

Also...

Those looking to file a suit against me or BTCST will not be eligible for repayment.

GPUMAX has never been associated with BTCST nor have any of it’s partners.  GPUMAX shared a wallet with one of the BTCST operating wallets for security and is now running it’s own secured wallet which is no longer associated with BTCST.

Threats are taken seriously by myself and my attorney.  A few of you will find out how serious I mean.

That’s all for now, I’ll be providing updates here when more information is available.

Thanks

at this point is clearly not a simple theft, because simple has nothing.

In a simple theft he just disappeared from the begining.

In any case is complicated theft Xd

Part of me wants to believe there is something more to this than just simple theft...I just don't think it's the  smarter part of me...

2012-09-17_18:15 pirateat40: Q: What's going on?  A: In short, one of my largest clients decided they would make things difficult for me.  In the heat of the moment I made a move to secure the USD backing the coins when they were not returned and has made things much more difficult.


I sincerely believe that pirateat40 really had intention of pay

Now are being investigated by the SEC and possibly his funds are frozen.

I must confess, I'm confused.  I would have thought he has already had enough time to arrange his disappearance....must not have gotten all that much money (or maybe he feels hidden enough). 

He was in IRC two days ago, but nothing new

so he hasn't completely disappeared?

2012-09-17_18:15 pirateat40: Q: When will we get our coins? A: As of today the earliest estimated time that coins can begin moving is Friday, Oct 12th.  I can only keep you updated on this date as I have more information.

i just can't believe he got away with it...

People are still hoping!  He is not paying anything back.

I missed this...when/where did pirate say that?

Not another bet, I think most of us are kind of tired of that  .  If I were to bet it will be that Oct 12th will come and go with nothing to show........

That's the earliest date when Pirate said he'd be able to start disbursing coins back to people.  Has anybody started a bet on whether he'll actually start paying back?  Or even whether he'll even make any kind of announcement at all?