Topic: [GLBSE] GIPPT Delisting 100% paid. - page 2. (Read 19322 times)

To the doubters:
I haven't posted in months because there hasn't been much of a reason to post.  I don't think some of you comprehend the scale of what I went through.  The collateral fund that was to be used for payments sustained losses, after settlements, of well over 6k BTC.  I had >11k BTC of debt after P-day, and as you can imagine, it was quite depressing to pay that back and it would be even worse if I engaged in useless forum flamewars.  Even after paying over $230k in today's bitcoins (most of which had to be purchased along the way during the rally), I don't know how much reputation I have left, and I haven't been doing too much business in bitcoin-world.  This means that I have stayed and tried to live up to my overwhelming obligations despite almost zero upside, and I think that should be noted.  Although I broke most deadlines, I only have a very (comparatively) small amount of debt left to pay.  Some of you will turn around and mumble things about breaching contracts, and all I have to say is that I sleep well at night knowing that I have done my best to fulfill those contracts, although most of the time I have been late.  Here is an announcement to give some people hope.

Official Announcement
I will be completely closing out my debt by the end of the month.  FWIW, GIPPT holders shall be paid back in full and the asset closed out by March 1, 2013.  I look forward to reentering the community on that date, and perhaps starting a much more financially sound business.  We have all learned a lot from the Pirate default, and we have come far.

The remaining coins due GIPPT from EIEIO are on their way now.

I've responded to your concerns regarding my "ventures" in the appropriate thread. But for what it's worth I think I am the one who ended up with your share of the GIPPT debt -- I just bought 50 shares at 0.36. Let me know if there's any more where that came from Good luck~

First of I want to apologize for the horrible and bumpy ride that I might have caused you. But I am happy to hear you got out a live with minimal loses, a lot better then most other pirate investors.
This whole journey has taught me a lot, let's just hope that we all learnt a lesson out of this bullshit and that we won't do anything similar again. If we do, then lets remind each other to stay out of trouble
//DeaDTerra

Anyways, I managed to sell off my remaining shares for 0.35 BTC each (meaning I got ~95 Bitcents on the coin) which is close enough for me. It was a long ride but finally it paid off trusting a few members of this community. With this I got back enough BTC to only have a minimal loss after exposing to pirateat40 (and being stupid to not pull out before I went abroad for some time where I couldn't read news) - thanks to DeadDTerra for sticking around and a big and hearthy "f*** you" to quite a lot of people in this community (of which far too many do not even have a scammer tag!) for intransparently and stupidly gambling with the money and trust I gave them.

I certainly learned a lot and that alone is worth the handfull of BTC I lost over this.

Edit:
Oh, and I probably lost more BTC because of DMC, Gigamining, usagi's "ventures" and Bitbond than because of pirateat40 - go figure!

I am telling the truth.
Mid-september, imsaguy said on IRC (-assets or -otc probably) that he held 10,000 shares of ASICMINER.  In #bitcoin-assets, I had said something negative about GIPPT/imsaguy/ineededausername/hashking and he showed up to defend himself.  He also offered to buy out my few shares of GIPPT to quiet me, which I rejected on principle.  I suggested he sell ASICMINER shares to repay his debts, but he claimed the market was not liquid enough.  I then offered to buy 200-300BTC of ASICMINER at the GLBSE bid (which was around 0.10 or 0.11 at the time), which he rejected.  He has since deleted his "Says the guy that was offered a buyout and refused it because he'd rather bitch." post from this thread.

Someone who keeps IRC logs could verify my claims.  Look around Sept. 16 - 18, 2012.

He is absolutely scamming you if he has not repayed a debt.  I'm surprised he rejected settling for 50%.

Here is some more evidence that imsaguy holds at least 5000 shares of ASICMINER, as one must hold 5000 or more shares to be a member of the "board":

This is what I suspected.  

He still owes me north of 300 bitcoins, but I don't get payments and the last time I asked for an update and offered 50 cents on the dollar he told me I didn't have priority with him.

So I auctioned off his debt. I can't wait anymore. If what you are saying is true however, then Imsaguy basically destroyed CPA, and cost me 2 months of salary paying off NYAN.A. I'm very upset about that if it's true.

I'm working on a deal for that, but as you know, GLBSE shut down, so price discovery is much slower.  Its not just a matter of 'put it on the market' and its gone in 10 seconds.  I have satisfied over 80% of my GIPPT obligation.  Much of what you are owed now from GIPPT would seem to be from hashking's side of things.

I'm a big investor, and I'm surprised about that too. But since ineededausername has the debt, he went from being a very frequent poster, to not having posted a single message in the last half year. I'm afraid that when he's given a scammer tag, he will abandon his account and leave the forums. Same thing happened with Hashking and Patrick too. So that's why I didn't request a scammer-tag yet, I hope he has more incentive to pay back without one.

Hi DeadTerra,

You mentioned that you have recovered 430BTC, but you paid out on Bitfunder only 200BTC. Will we receive another payment soon?

Thanks.

DeadTerra, can you comment if imsaguy has paid back 100% of his obligations or not? If he hasn't, imsaguy has been sitting on valuable ASICMINER shares (worth much more than 0.1 each now) while enjoying an out-of-contract, interest free loan from GIPPT investors.

I'm honestly surprised that that imsaguy/ineededausername do not have scammer tags by now.  Any big investors want to start a thread?

Relevant posts from 4 months ago:

Received, thanks!

Thanks for the small payout. All received it and was able to withdraw it without any problems

Another dividend of  0.05810575 per share has been paid out.
Bringing up the total to 0.60531725 BTC per share.
//DeaDTerra

oki then I will start issueing dividends.
//DeaDTerra

They get it after claiming. I just recently claimed my account there and got already a few bitcents in dividends that were paid while my shares were still unclaimed.

Only about 40% of the share holders have actually claimed yet, hence I want to wait a bit longer before paying it out.
//DeaDTerra

+1

As you now have re-listed the issue, how about paying out the BTC you received so far to bondholders?