Topic: Gigamining / Teramining - page 30. (Read 216450 times)

Didn't he also lend out a ton of shares at a discounted price to be shorted, causing the share price to get cut in 1/2 while it was at it's peak?

johnlu https://forums.butterflylabs.com/announcements/692-bfl-asic-status-2.html ~ keep an eye on this for updates

As soon as BFL gives them to me..... 

Realistically, I know as much as everyone else. Chips are supposed to be packaged today, on to somewhere else tomorrow to be put onto the PCB boards, final testing needs to happen with the chips on the boards, final testing of the MCU, tweaking of the MCU, assembly, more testing, etc, etc, etc. Board have to go out to the developers including Conman, Kano and Luke to make sure mining software works with these things.

BFL has stated that shipping would commence next week if all goes well. This seems optimistic to me, and I know BFL has had a long list of delays in the past, but we are on the downhill portion of this ride.

Hope that helps.

Best,
James

gigavps,

When are you supposed to receive BFL ASICs?

I might not be in the right place to say this... but in all honesty... There is something SERIOUSLY wrong when people have to talk to you to speak to your lawyer! Usually it's the other way around!

Hi camolist,

It would be nice if I had an email address to refer Quentin to. Or you can email me with the questions directly and I can forward them on.

james at gigamining dot com

Best,
James

nothing missed. and even after my request to have his lawyer get back to me...nothing...

wants me to message him when i know what his response is.

guess the next step is a lawyer of my own

really wanted to avoid this trouble but the btc amount put into it is worth it at this point

giga i'd still like to hear back from your lawyer before going through this trouble. let me know if you'll be making that happen

105 pages, it's time for a short recap:

1) Gigamining private placement followed by IPO - huge pile of shares sold to "miner" wannabees at huge markup. (no ID required, perpetual happiness is promised)
2) Gigamining selles more shares, biggest on GLBSE (still no ID required, perpetual happiness is promised)
3) Diff is stable,e everyone is happy - more coin to Gigamining (ID required? Hell NO! Perpetual happiness is promised)
4) BTC recovers from a another massive fuck up and difficulty starts to rise
5) perpetual mining bonds turn to "turds" but Gigamining manages to be so-so investment, although never reaches the promised Mh/s
6) gigavps comes up with a new plan to milk those "miner" wannabees - Terahash - still no ID nor notarized papers required.
7) forum readers do some math and realize, thy are getting fucked AGAIN!
8) teramining proposal is changed to less expensive. gigavps ads "take it or lose everything" to the mix  - Guess what! No ID required!
9) gigavps never reaches the total Mh/s but pays the divs... GLBSE closes down and saves gigavps
10) gigavps adds a cherry to this turd and changes the contract with out ANY option to get out. ID REQUIRED! Everyone, who refuses or who finds it too expensive to send him notarized papers gets fucked - gigavps keeps all the shares and earned dividends for himself.

Did I miss anything?

I DON'T HAVE THE MONEY TO GET NOTARIZATION AND APOSTILLE.

@theymos
When GLBSE want to go public LEGALLY, you tried to sell your GLBSE shares & don't want go LEGALLY.

If you have the right to sell off your shares, why the hell gigamining investors don't have the option to sell their shares when gigamining wants to go LEGALLY?

THEYMOS ARE YOU MAINTAINING DOUBLE STANDARDS?

The breach of contract is what will be seen as unethical, not so much the demand of personal information. That is unless you establish a like-minded arbitrator.

Some are more protective of their confidential information than others. It doesn't make what James is doing ethical.

It seemed acceptable to all those who claimed without complaint.

Breaching an existing contract is not an acceptable response to the GLBSE fiasco. The original debt should have been discharged and new contract terms drawn up if James was uncomfortable. Using the GLBSE fiasco as an excuse to unilaterally rewrite an existing contract is no better than what Nefario did or pirate did.

I think the impact of the 'goings on' on this forum is less than you think.  While it is not insignificant to people like Giga... He does have to worry about forces outside of this bubble intervening in the not-so-far future.

Hopefully your business history will remain short, thanks to this thread and the other about your scam.

I will be publishing a few things in the next couple of weeks that will demonstrate both what has happened to date, my thoughts on the situation and how we will move forward. I have wanted to give time for the claims process to work, which has happened, and I will be giving more suggestions for the way forward.

Not a single day goes by that I do not think about the past months and the heartache that it has caused those who cannot or have not claimed. It is my top priority to make sure gigamining and teramining remain intact so that plans can be made for a day when the regulatory environment is better understood.

Please bear with me as this is the busiest time in my businesses short history.

Best,
James

I would be happy with selling my rights to my claim, but it was expressly stated that would be not be honored by Giga.  I wouldn't be complaining if there was any other solution offered, but everything suggested has been expressly shut down already.  This is me compromising: I understand that BTC has gone up in price since we bought, I understand our funds were most likely converted to USD to buy hardware.  That's why I personally would be fine with taking a USD equivalent of my investment rather than the actual BTC as a refund.  I think James has been pretty clear that going through the claim is the only thing he will accept.  I expect a reply to this with a "make a claim you will get paid" post.

I would have a lot more fun if I had a few shares. HEHEHEHEHEHEH >:3

+1

Okay, I got 2 shares of GIGA. Even if I dont care "sharing" out my sensitive information to the whole friggin world. With like about 4USD worth of Bitcoin accumilated per share. I cant even get myself a roundtrip from my home to a lawyer office. Albeit their signature.
If this is really not a scam, why wouldn't just work like how ASICMINER did, have everyone happy. Perhaps have your shares easily verified with some simple information, and some guys gladly put pass through of your bond on some markets.
I can't get my coins, I can't get my shares, I can't have the privilege to upgrade to the Terramining in the future if possible.

And I remmebered that GIGA you somehow mentions the ownership right protection for having this mad process. But really, can you just have my get back my shares, and get those months of dividend. I dont care if my share if anyhow protected. It is just stupid US laws anyway, I am in Hong Kong!

I WANT MY SHARES BACK WITHOUT DARN LAWYERS!