Neo & Bee talk (spam free thread) - page 51.

velacreations

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Quote from: Stuartuk on April 03, 2014, 06:20:33 PM

'Every single bitcoin raised and spent is accounted for, any claims of embezzlement are nothing but empty claims with no foundation,” he said.

he didn't say it the shareholders, and he provided no evidence to support that statement. Still embezzlement and mismanagement are not the same thing, but they are both the fault of Danny.

Quote from: Stuartuk on April 03, 2014, 06:20:33 PM

However, Brewster admitted the loss of bitcoins due to the closure of BitFunder/WeExchange, but he pointed out that he personally assumed that debt of 1,402BTC in order to protect the company'.

exactly, so the company didn't lose that money, they got covered by Danny (which happened several months ago, btw). He additionally said, on this forum, that no N&B funds were stored on Mt Gox.

So, no N&B funds were lost to Ukyo, and none were lost to Gox. How the hell do you make the claim that it is THEIR fault if Danny mismanaged over 10K btc? Where is the money? Where are the financial reports?

Stuartuk

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I would love to discuss this with you but you are an obnoxious fool so wont bother:

'Every single bitcoin raised and spent is accounted for, any claims of embezzlement are nothing but empty claims with no foundation,” he said.

However, Brewster admitted the loss of bitcoins due to the closure of BitFunder/WeExchange, but he pointed out that he personally assumed that debt of 1,402BTC in order to protect the company'.

http://www.coindesk.com/neo-bee-ceo-moves-reassure-investors-following-insolvency-confusion/

velacreations

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so, you're saying that N&B ran out of money 1 month after opening because of Karpeles?

I had no idea Mark was running N&B....

velacreations

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Quote from: Stuartuk on April 03, 2014, 06:04:34 PM

Bullshit? How dare you?

Didn't he say if he had his funds from Gox he would have put them into the company running costs? I mean he used his own funds to set up the company in the first place you fool. N+B are out of funds because of Ukyo and Karpeles. If these two hadn't been the criminals they actually are N+B would be fine. Danny is not the criminal here, you are not seeing sense atall.

Yeah, Bullshit. Smelly, sticky, ripe bullshit.

He did not use his own funds, he used OUR funds, to the tune of 10K btc or more.

IF N&B are out of funds, it's because Danny mismanaged the enormous war chest they had. He personally lost ~400 to Gox and ~1500 to BF. Those were his PERSONAL FUNDS.

Where is the company money? Where's the 10K btc he raised from us? You can't blame that on Gox and Ukyo. That's all Danny.

Stuartuk

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Quote from: velacreations on April 03, 2014, 05:53:42 PM

that's bullshit. If it's true that N&B is out of money, that responsibility falls on Danny, and no one else.

He stored his own money on Gox, not N&B's (according to him).

If N&B is out of money, you can't blame anyone but Danny.

Bullshit? How dare you?

Didn't he say if he had his funds from Gox he would have put them into the company running costs? I mean he used his own funds to set up the company in the first place you fool. N+B are out of funds because of Ukyo and Karpeles. If these two hadn't been the criminals they actually are N+B would be fine. Danny is not the criminal here, you are not seeing sense atall.

velacreations

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Quote from: ?? on ??

@Luttinen Whatever he sorts out all of us lose at this point.

I wouldn't mind losing if he wasn't fleeing like a coward and making excuses, if he actually stuck to and said "Guys, I fucked up, here are the numbers and here are my plans to fix things", but instead he acted in secrecy, witheld information, pretended everything was fine while people continued to pile their money into NeoBee, and then he bailed. Literally Goxy.

Exactly, Danny has hid the entire situation from us, he deserves no respect from shareholders. He has had ample time to come clean, but instead, he went with the bullshit announcement that there's no money and it's all the fault of some reddit troll.

He filed to change CEO on the 14th, folks. That's 3 weeks ago. So, no, he doesn't get any more time to "sort things out". He needs to explain why trading has stopped and where the money is. Without that explanation, we're forced to assume he took it. What other explanation is there for him going quiet and out of money 1 month into the operation?

NotLambchop

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Lol, Ohither Stuartuk, dropping by to shill for Danny instead of Ken? Or do they share you?

velacreations

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Quote from: Stuartuk on April 03, 2014, 05:44:07 PM

Danny put millions of his own money into NeoBee and has probably lost a lot of it. All because of Karpeles and Ukyo. Period.

that's bullshit. If it's true that N&B is out of money, that responsibility falls on Danny, and no one else. He's the one that mismanaged funds and ran out of money one month into the operation.

He stored his own money on Gox, not N&B's (according to him). He bailed out N&B from BF (according to him).

If N&B is out of money, you can't blame anyone but Danny.

Stuartuk

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Quote from: ?? on ??

You are a disgrace, a coward, and a liar.

And Ukyo is great, a star and Karpeles - what a dude!

Take a step back bobby, Danny is a victim here too, who stole the coins? Him or Ukyo?

Danny put millions of his own money into NeoBee and has probably lost a lot of it. All because of Karpeles and Ukyo. Period.

Luttinen

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@bobbyremone

Easy tiger. Give the guy at week at least to sort things out.

velacreations

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Quote from: NanoAkron on April 03, 2014, 05:19:31 PM

Why should we trust what Ukyo has to say?

+1 Sorry, but Ukyo is not a credible source of information. If he talked with people, etc, then he needs to provide evidence. His word is shit.

Also, since he's keen on talking, someone ask him when he's going to give people's coins back.

NanoAkron

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Quote from: equipoise on April 03, 2014, 04:58:35 PM

I don't like this at all... We could face a reality worst then what we've been told. How bed could it be?

Why should we trust what Ukyo has to say?

equipoise

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Monero (XMR) - secure, private, untraceable

Quote from: WeexUser on April 03, 2014, 04:52:13 PM

Code: (#bitfunder)

<[KS]__> Ukyo: N&B not directly your fault (Danny clearly overspent - typical startup mistake), but the delays in resolving the WeEx issue haven't helped. And still aren't. Say, you'd find his BTC about now, that would make a difference for a bunch of people. No pressure :p
...
 i hear there is a lot more to all this than whats been made public so far
 well see what comes out soon enough i think
...
 Ukyo, you mean more to N&B debacle?
 ya
 talked a bit with the guys who worked there
 nothing good eh?
...
 doesnt sound like it at all

I don't like this at all... We could face a reality worst then what we've been told. How bed could it be?

BitSwe

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Quote from: velacreations on April 03, 2014, 02:19:28 PM

Quote from: bitcoin.newsfeed on April 03, 2014, 01:47:50 PM

the media will eat this failure like a desert.

Phase 2 of the rollout campaign: FREE PRESS!!!

LOL!

velacreations

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Quote from: bitcoin.newsfeed on April 03, 2014, 01:47:50 PM

the media will eat this failure like a desert.

Phase 2 of the rollout campaign: FREE PRESS!!!

NotLambchop

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Well, Cyprus is a bit more hospitable to quality banks...

velacreations

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Quote from: mgio on April 03, 2014, 01:51:09 PM

Well, if they were smart, they would buy back their sold shares with the money they make from liquidation if they want to avoid trouble from the SEC. Yes, I know they are not an American company, but they illegally solicited investments from American investors so you can bet the US gov is going to have something to say about it. Particularly if there was fraud involved and it looks probable that there was.

What about European authorities? As far as I know, fraud is illegal there, too.

velacreations

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Quote from: bitcoin.newsfeed on April 03, 2014, 01:47:50 PM

They're under lease(I remember that I read somewhere that their rent is paid with BTC), so when Neo doesn't pay rent anymore, the owner of the building will kick them out soon.

That's interesting if they are paying rent with BTC. It's entirely possible that they have BTC but not fiat for expenses, which would explain liquidity issues.

mgio

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Quote from: bitcoin.newsfeed on April 03, 2014, 01:47:50 PM

Quote from: KS on April 03, 2014, 01:42:04 PM

@mgio: sell the branch and lease to the new owner. Not a good long term strategy, but maybe they'd buy enough time to actually start the business (unless D. is taking all the money making projects with him)

They're under lease(I remember that I read somewhere that their rent is paid with BTC), so when Neo doesn't pay rent anymore, the owner of the building will kick them out soon. So it seems like they cant sell the branch. They can sell equipment, but these shares are non-equity profit shares. So they have no rights for liquidation funds. Bitcoin community is screwed ... again. And again. And again ...

Well, if they were smart, they would buy back their sold shares with the money they make from liquidation if they want to avoid trouble from the SEC. Yes, I know they are not an American company, but they illegally solicited investments from American investors so you can bet the US gov is going to have something to say about it. Particularly if there was fraud involved and it looks probable that there was.

bite111

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Wave of resignations by employees and Mr. Neo disappeared ...

Topic: Neo & Bee talk (spam free thread) - page 51. (Read 262043 times)