Topic: Diablo Mining Company - page 16. (Read 96370 times)

"When called out on it he turned tail and ran."

We only had to call him out what... five hundred times?

Its interesting that he had enough funds to pay out all of his assets except  OBSI.HRPT  which if it is indeed a ponzi means he wont be able too. Its funny that still remains on glbse 

Except Obsi bought back ABMO back at full IPO price, and is also (or already has) shut down the rest of his assets at no loss to the shareholders. Obsi quit because he didn't like how nefario handled DMC.

He believed somehow I was stealing funds from DMC, at least, this is what he said. Problem with that is, he can look right at my account and see if I've withdrawn BTC or not.

Cool, thanks for sharing the info! MINING is a damn good investment.

GLBSE isnt entirely at fault and you know it.
Obsi was an anonymous person running  what seemed like a ponzi scheme and when called out on it he turned tail and ran. The best defence we have against someone running scams in future is for them to be known. If you havent noticed most of the remaining ponzi schemes have fled to cryptostocks most likely because the issuers are too chicken shit to have any personal responsibility to shareholders.

nefario emailed me and said my account is now unlocked and also the one guy that he found that would do the audit backed out.

So, after an almost month long trip, we're exactly back to where we originally were.

Also, ABMO has shut down and has paid out a final dividend of 0.1 per share. Its sad to see Obsi go, but nefario's actions chased him off.

Current DMC holdings:
54 BTC-MINING
951 BTCMC
949.53 BTC.

goat was running some shit that still could cause legal implications for GLBSE...
DMC dealings seem to be puny comparing to what nefario might have to deal with soon... pirate/SEC and shit....

Yeah well maybe this is part of why each issuer should run their own trading platform where people trade their stuff; since any general market is likely to think of its people as its own customers / its own crowd, which issuers of assets are leeching off of by bringing their assets there to sell...

I wonder if there would be a market for a "don't want to host your own trading platform, let us host it for you" service that specialises in hosting instances of some trading platform or other for people?

I am of course thinking of Open Transactions for this since it is specifically designed to be suitable for cases where the server operator is a third party so it is set up so issuers do not have to trust the server-operator.

-MarkM-

Yes, but right now we have an entirely different problem to deal with. Dunno if anyone thats subscribed to the DMC thread reads the rest of the Securities forum, but nefario not only has failed to unlock my account so I can run DMC, but hes also chased goat off GLBSE and is threatening the same to other assets.

The control of GLBSE needs to be turned over to an impartial board that treats asset issuers fairly, and until this happens I'm not sure exactly what I can do in the short term. I'm still going to fight for DMC however I can, but as I see it, nefario has hostages: my shareholders.

All right, Diablo, you remain the CEO. Do you have a plan going forward?

It looks like you open your mouth without even reading this thread. Not good.

1. Robbing is too hard maybe but diablo made many errors that leaded to crashing the course.
1.1 The IPO is still running. The IPO Price is 1BTC. Diablo sold shares (not his owns) for way below that price and even below actual course. In bulk. That means every shareholder that bought for 1BTC before will be fucked because someone could buy a big chunk of the company for way less. Means the backing up value of the shares is split and drops in value. You could say that is a robbery.
2. These friends did invest, but not at 1BTC. Way below. And bought in bulk. Which means they fucked the previous buyers and diablo had fans that love him for this "special transactions". Of course they will vote for him. The cool thing is... because they were able to achieve so much shares for small money they have big voting power.
3. Better read first...

I pity the poor investors that trusted this project at the start. Looking at the course they were invented to lunch dividends... not knowing they are the lunch.

I should have said 32% of votes that voted want to remove the CEO. That was already pointed out above. It was a mistake, just like buying DMC shares. Fortunately I learn from mistakes, have had some entertainment and know who to avoid in the future. Possibly the best money I ever spent.

I hadn't ignored anybody in this thread yet because some people have brought up very valid points, but after this it's pretty obvious that deeplink is just trolling.

4775 shares != 47% of DMC.

Its the same thing; it was (IMO correctly) alleged that by trading shares far below market value he breached his contract.
Even if the contract doesnt state it, legally company directors are required to act in the best interests of the corporation committed to their charge by the stockholder. In the absence of any contradictory instructions,  this would mean giving the stockholders the best possible returns their (in this case, fantastically limited) skills permit.  Selling shares at a few % of market value is not in accordance with that, and what nefario thinks about that is largely irrelevant.


No usagi, there is no guarantee. Its a gamble. They may well produce zero MH.


Qui cum canibus concumbunt cum pulicibus surgent.
(if you sleep with dogs, you wake up with fleas).

Cant believe someone would have to point this out to you, but gigamining is paying dividends now, based on a difficulty that is probably 50-100x lower than ASICminer will, if they ever pay anything. Moreover, the only reason gigamining still is trading this high is because  it provides an upgrade path to terramining.


You are not up to date. Your good friend Diablo traded all the ASICMINER shares for worthless obsi shit. The last remaining asset with some potential value flushed down the drain.
Result? DMC [email protected]

I told you DIablo would manage to burn what little shareholder value was left.

Is this true?

Pretty sure he then traded all the ASICMINER shares for OBSI.ABMO - he asked for the trade to be revereded but the Obsi shareholders voted against it.  If OBSI.HRPT turns out to be a ponzi then it's a safe bet those OBSI.ABMO shares will also be worth exactly zero.

Now you're just trolling.

I think all shareholders should receive the CSV, not, just smickles, unless Diablo is no confident with his investments.

QFT

The GLBSE software does not produce a complete csv, and nefario has yet to unlock my account. I asked nefario to ask smickles to be one of the three auditors, but he didn't do so.

I'll probably ask smickles to do it someday, but not now. I just want my account back before nefario costs us even more dividends.