Diablo Mining Company - page 26. | Bitcointalksearch.org

Puppet

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Quote from: DiabloD3 on September 13, 2012, 02:08:40 PM

Quote from: Puppet on September 13, 2012, 02:01:54 PM

BTW, I find it somewhat strange that an embattled CEO would even need to give permission for records to be released to the shareholders who paid for this trainwreck. At most a shareholder motion would have to be sufficient IMO.

Several shareholders have already asked for the motion to keep me to be put up now, nefario refuses to do this. Why expect nefario to do anything else?

Shareholder that you virtually gave shares to from the unsold pool for like 0.01BTC, or shareholder that actually purchased your shares?
Regardless, just answer the question: do you object to the records being published or not? If you have nothing to hide, why would you?

DiabloD3

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Quote from: ianbakewell on September 13, 2012, 02:05:27 PM

Quote from: Puppet on September 13, 2012, 02:01:54 PM

BTW, I find it somewhat strange that an embattled CEO would even need to give permission for records to be released to the shareholders who paid for this trainwreck. At most a shareholder motion would have to be sufficient IMO.

The csv could potentially contain legitimate personal transactions. Privacy issues abound.
Diablo has both claimed to have personal holdings, and to have no holdings except those under DMC control.
What the truth is, who knows...

I have never claimed to have a personal portfolio. I only have one account. I only own shares in DMC. When I said I put all the money I have into DMC, I wasn't kidding.

Puppet

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Quote from: ianbakewell on September 13, 2012, 02:05:27 PM

The csv could potentially contain legitimate personal transactions. Privacy issues abound.
Diablo has both claimed to have personal holdings, and to have no holdings except those under DMC control.
What the truth is, who knows...

I was assuming the CSV would only contain DMC related transactions. If Diablo has a private account of his own and trades with that for himself, I see no reason to publish that (unless, well, there is a very good reason to(like insider trading with DMC). Since I never set up an asset on GLBSE, Im not sure how its structured, but Im sure there is a way to distinguish between private and corporate transactions?

DiabloD3

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Quote from: Puppet on September 13, 2012, 02:01:54 PM

BTW, I find it somewhat strange that an embattled CEO would even need to give permission for records to be released to the shareholders who paid for this trainwreck. At most a shareholder motion would have to be sufficient IMO.

Several shareholders have already asked for the motion to keep me to be put up now, nefario refuses to do this. Why expect nefario to do anything else?

DiabloD3

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Quote from: Deprived on September 13, 2012, 01:44:15 PM

[03:25:13] dmc will continue with or without the missing assets

If you said that then you're living in a fantasy world. The only assets you've ever disclosed are the ones that are locked at the moment. Without them DMC has no assets. How can you 'continue' DMC with zero assets (not to mention no record of share-holders etc).

DMC has so few assets (only a handful of different stocks) that in an ideal world (if Diablo isn't given back control) they'd just be liquidated and the funds used to buy-out all shares. DMC appears to have no intangible assets, goodwill or similar giving any compelling reason for it to continue to exist as an entity. Unfortunately that's in an ideal world - and would be hard to achieve due to the total lack of liquidity at any reasonable price on the investments.

Not at all. I am going ahead with the dedicated server and cloud service sales if I can. The plan was structured in a way that if any single revenue stream is damaged, the company survives through the others.

No BTC from DMC has gone into the web hosting service project, and until this is up and running and people could order services, I was not going to mention it officially to shareholders. usagi, rapeghost, and several others were aware of it unofficially.

The dedi side of the sales could easily be a 2-3 BTC profit (half of that going to shareholders) per customer. 15-20 customers could double dividends, and I think the market could be several times bigger than that.

Puppet

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BTW, I find it somewhat strange that an embattled CEO would even need to give permission for records to be released to the shareholders who paid for this trainwreck. At most a shareholder motion would have to be sufficient IMO.

Puppet

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Quote from: ?? on ??

I think there is another option:

Continue DMC with a new operator.

continue operation of DMC but with a conservative investment strategy
(maybe 50%/50% dividends/investments like the original contract)
concentrating to conserve or increase NAV (minimal trade volume)
Each shareholder should have an option to transfer in his DMC shares and get an equal proportion of shares which DMC owns (modulo arithmetics)
If rounding is not optimal you can sell your shares, so another shareholder can swap shares

But at first an audit on previous transactions has to be done.

Whats the point of continuing this? The only sensible thing to do is reverse some recent fraudulent trades when possible, and then distribute the assets among share holders. Not that there is much left to distribute.

Puppet

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Quote from: DiabloD3 on September 13, 2012, 01:50:46 PM

Quote from: Puppet on September 13, 2012, 01:34:52 PM

Quote from: DiabloD3 on September 13, 2012, 01:31:52 PM

I believe my shareholders have a right to know.

I think your shareholders have a right first and foremost to know what exactly you did with their bitcoins. All the rest is a sideshow drama.

I invested them in companies that I believe can return the most value.

I think you missed a word there. If what you say is correct, then just give Nefario permission to publish the data so shareholders can decide for themselves.

DiabloD3

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Quote from: Puppet on September 13, 2012, 01:34:52 PM

Quote from: DiabloD3 on September 13, 2012, 01:31:52 PM

I believe my shareholders have a right to know.

I think your shareholders have a right first and foremost to know what exactly you did with their bitcoins. All the rest is a sideshow drama.

I invested them in companies that I believe can return the most value. I believe our investment in ABMO and ASICMINER is sound. Although the fixed mhash bond fiasco wiped out some of our money, this does not change the end goal, it just means we will take a little longer to get there.

I believe in DMC, and I've invested my own money into this alongside everyone else's because I believe. I will continue trying to make this a reality no matter what hardship occurs, this is what it means to believe in something.

Deprived

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[03:25:13] dmc will continue with or without the missing assets

If you said that then you're living in a fantasy world. The only assets you've ever disclosed are the ones that are locked at the moment. Without them DMC has no assets. How can you 'continue' DMC with zero assets (not to mention no record of share-holders etc).

usagi taking over DMC would be a bad idea - she already runs one company (BMF) which invests primarily in mining bonds/shares (as do, to lesser extent, nyan.a and CPA) - so it would lead to a conflict of interest on occasion. e.g. she sees a small quantity of shares up at a very attractive price: does she buy for DMC? for BMF? for nyan.a? No doubt this is part of the reason why she's said she ISN'T going to take-over DMC - and your (DIablo's) claim that she is, seems just a conspiracy theory.

DMC has so few assets (only a handful of different stocks) that in an ideal world (if Diablo isn't given back control) they'd just be liquidated and the funds used to buy-out all shares. DMC appears to have no intangible assets, goodwill or similar giving any compelling reason for it to continue to exist as an entity. Unfortunately that's in an ideal world - and would be hard to achieve due to the total lack of liquidity at any reasonable price on the investments.

IF usagi were to be involved in the closure then the obvious way would be to issue new BMF shares to DMC shareholders in return for DMC's assets at a small discount. That would be a clear step up for DMC investors as she's only managed to lose 45% of her investors' nav whilst Diablo lost 95% of his. But I can't see that flying either -as the big chunk of obsi shares are a huge risk to take on with no easy way to get out of them (and she's already stuck with a bunch of them).

Ultimately I think only way out will be a fire-sale of the assets (ask for block bids, not sell into a nonexistent bid-wall) and distribution of funds raised (after unwinding to whatever extent is possible the share trades that should never have happened and were in breach of contract). Unless, of course, investors would like to reinstate DIablo so he can continue to "deliver profits" (as he claims earlier he is doing) to them.

Puppet

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Quote from: DiabloD3 on September 13, 2012, 01:31:52 PM

I believe my shareholders have a right to know.

I think your shareholders have a right first and foremost to know what exactly you did with their bitcoins. All the rest is a sideshow drama.

kakobrekla

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Psi laju, karavani prolaze.

Quote from: ianbakewell on September 13, 2012, 01:30:33 PM

So much fail, memes can not describe. I'll just leave this text line.
hahahahahahahahahahahahahaha

ianbakewell, are you baked well? Your posts are not constructive. Focus on your own operation. Thanks.

DiabloD3

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Quote from: ?? on ??

Quote from: DiabloD3 on September 13, 2012, 01:07:23 PM

Quote from: ?? on ??

Quote from: DiabloD3 on September 13, 2012, 12:13:22 PM

Yet you refuse to open this fake motion of yours and are already conspiring to put usagi in as the new CEO against shareholder wishes? You have already irreparably harmed the company: the only one that needs to be investigated is you.

You're delusional.

You admitted in privmsg on IRC about a week or two ago that if I didn't do exactly what you said that you'd do something, although you wouldn't say what. I thought you were just drunk or high, so I ignored it.

Now I know why you were trying to stall negotiations of you taking over asset management for DMC, you were already planning this entire thing with nefario. You claimed it was because you didn't like the fact I owned half of OBSI.ABMO (which you later said, in public*, Obsi was a scammer on #bitcoin-assets, and Obsi is a well respected member of this community).

Where does the bullshit end? Are you going to claim BTC-Mining and Yochdog are scammers too? Or friedcat? Anyone who I've ever invested in? Where does it end?

*

Quote

[10:38:41] Boy am I glad I started selling out my OBSI earlier before the crash
[10:38:53] No way I'm getting stuck in another ponzi but now I'm trapped
[10:38:58] I have like, several thousand shares to sell
[10:39:03] and it's under .1

What the hell does that have to say about anything? So I was trying to sell some HRPT? So? Why do you keep trying to bring Obsi into this? And BTW Obsi and I have had our differences but we made up so to speak, do you realize what a doofus you sound like saying that? I would never say that about Obsi.

Are you high?

When I talked to Obsi yesterday, he sure as hell didn't believe you've made up your differences. You told me you didn't want to take DMC's asset management on because I held OBSI.ABMO.

So are you saying you misspoke or that I am remembering it wrong? If that wasn't your reason, why did you tell me that, and what was your real reason? I believe my shareholders have a right to know.

DiabloD3

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Quote from: ianbakewell on September 13, 2012, 01:09:47 PM

Just agree to the audit, or disappear and let the shareholders move forward.

The only thing I will agree to is scammer tags for all of nefario's and usagi's forum accounts.

Unless nefario backs down and apologizes to DMC's shareholders, there is nothing for the shareholders to move forwards to. The money is gone forever. Even if the shareholders vote to retain me as CEO, nefario will just change the motion to say otherwise and liquidate the assets at any price he sees fit.

If shareholders believe in the DMC plan and wish to see it completed, then they will do everything possible to make nefario return the stolen assets. Voting on the motion isn't enough.

DiabloD3

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Quote from: ?? on ??

Quote from: DiabloD3 on September 13, 2012, 12:13:22 PM

Yet you refuse to open this fake motion of yours and are already conspiring to put usagi in as the new CEO against shareholder wishes? You have already irreparably harmed the company: the only one that needs to be investigated is you.

You're delusional.

You admitted in privmsg on IRC about a week or two ago that if I didn't do exactly what you said that you'd do something, although you wouldn't say what. I thought you were just drunk or high, so I ignored it.

Now I know why you were trying to stall negotiations of you taking over asset management for DMC, you were already planning this entire thing with nefario. You claimed it was because you didn't like the fact I owned half of OBSI.ABMO (which you later said, in public*, Obsi was a scammer on #bitcoin-assets, and Obsi is a well respected member of this community).

Where does the bullshit end? Are you going to claim BTC-Mining and Yochdog are scammers too? Or friedcat? Anyone who I've ever invested in? Where does it end?

*

Quote

[10:38:41] Boy am I glad I started selling out my OBSI earlier before the crash
[10:38:53] No way I'm getting stuck in another ponzi but now I'm trapped
[10:38:58] I have like, several thousand shares to sell
[10:39:03] and it's under .1

DiabloD3

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Quote from: Nefario on September 11, 2012, 06:02:07 PM

This is me running the exchange, this isn't a free for all, there are rules you know. Also I'm not judging anyone, DMC shareholders (as per my post) will be the ones to decide, not me.

Yet I personally told you months ago on IRC that the PPTs should be shut down, and you did nothing, yet DMC continues to turn a profit for shareholders and you lock my account? Thats insane.

Quote

At the end of the day, certainly in this case the shareholders are both the judge and jury and will decide the fate of DMC.

Yet you refuse to open this fake motion of yours and are already conspiring to put usagi in as the new CEO against shareholder wishes? You have already irreparably harmed the company: the only one that needs to be investigated is you.

You have cost the Bitcoin investing community a chance to show the outside world that we're ready for major investors. This may have been our only chance to do so. You blew it because of your greed.

If anyone out there still has DMC shares, I suggest you sell them for whatever you can sell them for, you're unlikely to ever see your investment returned unless nefario, like pirate and bitcoinica, returns it.

Factory

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Quote from: toffoo on September 12, 2012, 06:26:59 PM

I think we can all agree something bad has happened here.

The question to be debated is whether Diablo:

1.) was up to something diabolical

2.) was grossly incompetent

3.) was an innocent bystander at a difficult time in the market

I do not believe number 3 is valid. Anyone who heads a venture has the opportunity to make a full range of choices. If there is a short coming, it is the result of making the wrong choices. If the issuance does not deliver as per the contract, it is the issue operator's fault.

Nefario

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GLBSE Support [email protected]

Quote

Shine some light on this dark, murky corner of the internet. Post the CSV and let the marketplace decipher what he's been up to.

I can't do that until I get Diablo's permission.

toffoo

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Quote from: Nefario on September 12, 2012, 04:55:29 PM

Diablo, can have your permission to post the CSV file from the DMC account with the entire account history, unedited, unchanged to allow your shareholders to investigate and audit your GLBSE account?

Also can I have your permission to post the current assets held by DMC?

Nefario, Diablo:

I say post the CSVs.

I think we can all agree something bad has happened here.

The question to be debated is whether Diablo:

1.) was up to something diabolical

2.) was grossly incompetent

3.) was an innocent bystander at a difficult time in the market

Shine some light on this dark, murky corner of the internet. Post the CSV and let the marketplace decipher what he's been up to.

Nefario

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GLBSE Support [email protected]

Diablo, can have your permission to post the CSV file from the DMC account with the entire account history, unedited, unchanged to allow your shareholders to investigate and audit your GLBSE account?

Also can I have your permission to post the current assets held by DMC?

Topic: Diablo Mining Company - page 26. (Read 96370 times)