Topic: NYAN/CPA final claims process (updated September 22nd, 2013) (Read 5408 times)

Update on BMF.

We have received a payment which appears to represent the value of a BFL FPGA single plus the cost of shipping, originating from a BitPay address.

We are operating under the impression this is the refund for the BFL single which had never arrived. We sincerely thank BFL for working with us on this one and don't mind at all that it took so long -- it's been a crazy couple of months!

This is great news. Now, our hardware has all been recovered, and we are only waiting on the final liquidation of one or two securities. We would hope as well that some other issues such as BTC-MINING/BITBOND would be resolved.

We encourage all LTC-GLOBAL moderators to take another look at the BMF security and vote YES, so that we may properly serve our investors. If anyone has any issue, with BMF, feel free to PM me and I will resolve it quickly and amicably. We're probably going to get enough votes to go live someday, and wouldn't it be better if you gave us your input so that we can make something better, and do a better job, for all BTC-TC investors? Thank you.

Update on CPA.

We are pleased to announce that imsaguy has settled his debt with CPA honorably and amicably, and I am glad that I stood by my earlier comments of having faith in him.

As a result of this, CPA has just made the final payment on the last contract it insured, a 1,100+ coin pirate default contract.

This is important news because of the relationship between BMF, CPA and NYAN. Now that CPA has paid back and settled on all of it's insurance contracts, any revenue generated from assets or recovered debts of BMF and/or CPA can go towards NYAN.A shareholders (as both CPA and NYAN.A held substantial amounts of BMF).

The current plan is to liquidate the BitVPS shares which should garner at least another 30 BTC+ (hope!!) We also have 2000+ RSM shares left which, although I covered personally, were never sold. If and when I can get a fair price for those they will go into the pot too. There are a number of other, smaller assets including a BFL single which was discussed before, but will be mentioned here again. There is still one BFL single which we paid for yet did not receive a shipping number for. We're still in contact with BFL on the issue and will probably need to wait another week before an update can be given.

There is other exciting news in store for these companies. Please keep in mind. The real world moves at a snail's pace compared to bitcoin. A bitcoin minute is often a month or more or realtime.  Please be patient as I am still in the process of completing my duty to my shareholders and recovering the fullest amount possible on everything we are owed.

Thank you for your patience and your faith.

Stop agreeing with Ian Bakewell.

This thread is for updates on my securities. I'm locking it until I have an update. Anyone is free to contact me if they have a question.

Noticed a typoe by me in my post you quoted - it says "NOONE could look at that post and work out what assets BMF held" it should say "NOONE could look at that post and work out what assets BMF holds" - the issue isn't so much what he had when GLBSE closed as what's now left of it and what happened with the funds from those parts that were sold (and how much those funds were).

Your explanation is probably correct : he'd prefer his assets to be listed so he could refuse to account for things and just wait until people gave in and sold into lowball offers he placed on the market.  Which is, of course, entirely the opposite of what happens normally in a liquidation - where all assets are accounted for and the proceeds distributed equally between equity-holders (after payment to any debtors of course).

He may also hope that if he can get Nyan.A investors to sell back via the market for cheap he can then give some proceeds out to CPA shareholders - proceeds which should, of course, have been dividended by now to Nyan.A in contribution towards CPA's "guarantee" of their 1 BTC face value.

Usagi knows that if he posts the actual numbers that he will be called out of being a fraud again. As long as he keeps everything secret then he can maintain the delusion that he is a high paid Wall Street broker.   

The first post says things like:

"DMC (1300 shares, claimed on BitFunder, unknown value)
Jan 27 - Estimated value is 0.1 per share based on holdings of 1,000 ASICMINER and 1000 BTC-MINING. We have the shares on BitFunder. Have sold 300. Will post an update after auction closes."

Do you still have them?  Were they sold?  Were the funds distributed?

Others say they were sold but not whether the funds were distributed.

Nowhere do I see the mining rigs/orders.

NOONE could look at that post and work out what assets BMF held - let alone what they were worth.  As it's out of date and incomplete.  All it needs is a spreadsheet with a column for the asset, a column for the quantity a column for any value realised and a column for any value distributed.  You certainly used to know how to make spreadsheets like that - and you don't even have to make up values for things you haven't sold this time.

The first post in this thread has BMF's assets and NYAN's assets are listed a few posts down from that. All of your other questions were answered in this thread months ago as well.

I'm not claiming Nyan.A has no assets - I've never claimed that.  Quite the contrary.  If you won't post details of what assets they have (or a valuation of them if you have a reason not to disclose them) then it has no business being listed.

Pure gambles where "investors" are supposed to trade things with no information on their worth are entirely inappropriate.  Well done on debunking a point that not only did I not make, but is the opposite of what I stated.

That nyan.b/c want some cash is NOT a reason to let them try to sell worthless shares to the public.  Or are you saying nyan.b may have a non-zero value?  If so then we need information on assets even more badly.

If you want to reopen the TU/Silver dsicsussion we can do that.  Here's a clue - if you take double something's current value then take away what you paid for it you don't necessarily (or often) get the current value.  You were doing 2*X-Y and believing it ended up with X.  It usually doesn't.  I dropped it as it was boring and entirely trivial compared to your contract still containing lies that it's a silver shop (it's not - only a small % of share price is silver), the cheapest on the net (it's not by a mile) etc.  Given that you weren't even doing what you said you'd be doing, arguing over how you valued it seemed pointless - though I do note you've changed your calculation, so the mistakes are likely different ones now.

Please read the recent explanation on this thread a few posts up regarding the forced buyback a few weeks ago. WRT the assets -- again -- you don't know what you are talking about. People have been saying there were no assets back when we did the liquidation auction. People were saying we had no assets back before I went after brendio. Now here you are saying we have no assets again. You're welcome to your opinion, it has nothing to do with me.


Go back and read what you posted in the TU.SILVER thread about how I was doubledealing silver etc. before you ask me a question like that. Right now I don't have time to help you with that. Just make sure you don't scam people with your LTC-ATF.B1 and we'll be cool.

Why does Nyan.A need to be approved?  You previously said everyone would get their full 1 BTC back eventually.  So just dividend out until they've received it back - with a forced buyback on the last one.

If anyone wants to sell to you cheaper it can be done by trade.

I don't actually disapprove of it being listed - IF contract clearly states your commitment (if it still exists) to pay back the full 1 BTC, gives some sort of schedule (to whatever extent it can) and there's a link to some post that very clearly says what has been paid back so far, what (if any) assets remain, what funds are owed by Nyan and/or CPA and what remains to be paid back.

Similarly I don't object to BMF being listed once the contract is updated to reflect that it's closing, any commitments you've made about value (I recall one about a guaranteed minimum) are clearly in the contract and there's somewhere a clear list of what assets it had at closure, which have been paid for and which still have funds owed (not sure whether all the mining gear has been paid for - seem to recall you saying  2 had been refunded).  Without ANY information on what current assets it has noone can possibly place a value on it and it has no business being listed.

As far as I know (correct me if wrong) nyan.b/c and nyan/cpa all have zero assets (or - in the case of CPA and nyan - have liabilities exceeding assets).  As they have absolutely zero value why should they be listed?  Anyone who buys them is paying something for nothing.  Any assets CPA has should by now have been paid to nyan.a on liquidation.  Any assets Nyan has should by now have been paid to either nyan.a or nyan.b (there's an issue on that which means nyan probbaly should hold back payment until it sees whether CPA clears nyan.a's capital repayment).

I can't see ANY reason to try to let the market find a price for things which have no value - that's a charity not an investment.  

With nyan.a/BMF there's no reason why they shouldn't be tradable once the contract reflects accurately the situation and sufficient information is provided to allow the market to properly assess their value.  Though I don't approve of blackmail attempts by threatening to withhold funds due to investors until you're allowed to trade.  If I were more cynical then I may even guess you just want to try to low-ball investors at below value by failing to provide information letting them realise what assets remain.

EDIT: Removed comments about SILVER/TU.SILVER as not relevant to thread.

We are now in receipt of 33,828 shares of BitVPS, which will be sold for what they are worth and used to repay NYAN.A shareholders as per our prior announcement.

Thanks to BURNSIDE and NAMWORLD very much for making this happen.

Note to LTC-GLOBAL moderatrs:
1. We're still not approved for trading on BTC-TC.
2. The comments left need to be followed up on because I have addressed all outstanding issues with the securities. Please vote YES so my shareholders can be taken care of, thank you.

YES 4 / 2 NO    (2 ABSTAINING -- Users with 10 or more shares of LTC-GLOBAL are allowed to vote.)

Anonymous voted NO with comment: 6 months after GLBSE shut down and still no list of assets (specifically mining rigs/ASIC orders). Seems abandoned to focus on new silver asset.

A quick response to this NO vote.

None of my assets have been abandoned. I have contacted ALL the people who owe BMF, NYAN, and CPA money. These people have promised to pay and I believe them because they are active in the community and have made payments in the past. I have calculated how much there is left to pay after that, and I have paid it personally. So there is really nothing left that I owe anyone -- as soon as I receive the money from the people who owe us, I will give it to the investors and we will be done.

Secondly and most importantly. Until that time I will no longer pay distributions on any of the securities. Instead, as soon as these securities are approved for trading I will buy them back on the open market and close them that way. This is the only way to provide closure to investors. There's just too many complications with people who don't read contracts, don't read the threads here on bitcointalk, and in general don't know what is going on. The goal is to provide closure, so putting the action in their hands and getting them to sell for a price they feel is worth it has become the only way to finish this.

That's what everyone else did.

There's really no reason to vote NO on any of my securities.

Voting YES will help my shareholders quite a bit and will enable me to do the right thing in a manner that everyone understands.

I'm hoping you'll realize that and be the fifth YES vote on BMF. Thank you for your time,

Hi! Also, I'd like to add, I'm here if you have any questions. You can e-mail me at [email protected].

Thanks! Will do.

Check your junk folder for the email sent to you when the account was created.  That will have your PIN in it.  If that doesn't work you'll need to contact burnside and he'll resend the email to you.

So, I received a dividend notification a few days ago and managed to get access to my account via password recovery. However, I need a PIN of some sort to withdraw or transfer my shares. I'm confused. Didn't even know an account had been created for me. 

Sure I can admit that. If you are talking about FPGAMINING I had contacted the guy and we were talking and he made it seem like he was just having a few minor problems. So I bought more shares at half price. I was wrong.

I learned a lot from cases like that. One thing I am making sure of in my new venture is to hold on to all the money and assets myself. I'm not going to let anyone else spoil the party for me and my investors this time around. I actually like running TU.SILVER better anyways. Silver doesn't depreciate like mining gear, and there's no counterparty risk. And instead of being denominated in bitcoins, it is BTC which is denominated in silver ;-) so it's a much safer business to be in for sure.

There are also some bad decisions, such as buying shares in a mining operation after the issuer bailed and stopped issuing dividends, but yeah.

I do not follow your drama, I let Deprived to get off on it. Good luck to your investors!

Sorry ciuciu, if you wanted to complain about auctioning imsaguy debt you should have complained when we were discussing the auction itself. Two or three weeks ago.

As I said earlier I will be making payments out of my own pocket to pay back NYAN.A. So the fact I won the auction is meaningless. I will be giving up 2 months of salary for this. Cool huh?

Anyways, you go run along now ciuciu, and handle your own business. As I recall you had over 4,000 coins in pirate while you were running CIUCIU.BOND and shorting GLBSE securities. How did that work out for you? I hope you managed to pull out before it blew up.

Maybe I got the date wrong, no problem. But this doesn't change the fact, that he will sell the debt and turn a nice profit for himself. I guess time will tell!

Ah right - I remember your bid now.  It was made after the auction had ended.  Strangely you then claimed usagi had edited the post to add in the "21.5 hours from now" part - despite it being in the auctions forum where it's impossible to edit posts.

Though can't blame you for getting confused over when it ended - it WAS, after all, the second time the end date had changed (I didn't make any bids after the first change of end date - an auction where I'm committed to bids but the seller isn't committed to an end date doesn't appeal to me at all).

And why shouldn't I worry about your investors?  Someone has to - and it doesn't seem like you do.

Deprived, you and Usagi need not to worry about my investors.

I had a bid on Imsaguy debt which usagi ignored. After seeing my bid, Imsaguy tried to buy the debt from me at a discount.

At least his investors are getting back a bit more than yours have so far.  Haven't you got the 60% you received back from DeadTerra to hand out to your investors?  At least usagi has been paying out funds when he receives them - unlike you.

Feels strange defending usagi - but seems like all the investors of his with guarantees (Nyan.A/YARR) will be getting back full value before long.  Unlike your guarantee which seems to mean you'll give back something when you feel like it - which may be this year, may be next, may be never.  No sign of you forwarding the funds from DeadTerra - and no sign of you selling the mining farm you claimed to have when selling your bonds to make a start on settling your debt.

As for the Imsaguy debt, the last content of any note in that thread was nearly a week before the auction ended.  Anyone who believed him that a deal was imminent could have bid more for the debt - including Imsaguy himself.

So Usagi bought the Imsaguy debt for 0.3 Btc in total, exactly at the moment Imsaguy tries to pay his debt!
https://bitcointalk.org/index.php?topic=60117.220

Great timing Usagi! Nice loss for your investors!

I held neither NYAN nor BMF - I considered both to be not worthy ideas to invest money in. I held some CPA shares though, on one hand because I really liked the idea, on the other hand because it seemed from your initial idea to be a kinda safe venture. You then (maybe to gain more traction/clients?) suddenly started to offer and pay out on "hacking" insurances and whatnot, started other ventures etc. in my opinion loosing focus. After you lost focus, you started loosing money as well on CPA, either because you were not calculating the risk properly or because of lack in sales.

Anyways, I don't know how many shares I even held (you also never contacted me, even though I am for sure in your list of shareholders...) and don't really care any more at this point - I doubt I would get even close to the money back I paid for them and the hassle to get back a few lousy Bitcents (maybe? I haven't really found out yet what happens/happened to CPA shares ayways) is not worth my time. You can complain as much as you want that the market tanked or whatever (which is one of the reasons I didn't invest in your "funds"), I bet you learned a lot yourself as well. All in all I at best see maybe a Dollar or two worth of BTC from shares in your companies, that used to be worth and be traded for much more. I call that a loss - and just to be sure, I said I lost it because of your ventures, not because of you.

Thanks for this information. The BitVPS situation is extremely confusing to me. I suppose I will have to e-mail the bitvps guys tomorrow and ask for another update.

This cannot be true. The asset will be delisted. It is currently still trading. You should've been receiving dividends this whole time, including one which represented your shares due portion of the sale. AND, it has been stated that they are moving to BTCT.CO unless there are objections.

You didn't lose anything at all from my "ventures". You lost money because you (in full knowledge of what you were buying) invested in mining and/or a spread of GLBSE securities. Mining bonds crashed, and when GLBSE shut down it became very difficult for me to recover value on your behalf. As you surely know from trying to recover your own money invested in other GLBSE-based issues.

I'm sorry that people who owed NYAN and BMF ran away and didn't give me any money, but I did the best I could. In fact I did better. I donated my entire personal stake in the companies back to shareholders. I also bought about $3,000 worth of bitcoins to try and return some value to my shareholders over and above what I actually owe them from the sale of our holdings. Your shares should be sitting on BTC-TC and accumulating distributions. If you'd like me to buy them from you at a fair price, we can talk about that in PM.

I think if you feel I still owe you money, you should PM me. You haven't contacted me, ever, regarding any money I owe you so I think it's a little unfair for you to qip that you lost money because of me without even giving me the chance to make it right. Why don't you PM me with how much you think I owe you and why, and I'll see if we can't work something out. I can give you some of the securities and debt we have. There is still significant value, for example in JAH shares, that I ended up with personally after buying them out for my shareholders, and I am just trying to sell the actual shares now so I can pay that money out. I could see my way clear to giving it to you if it turns out I really do owe you money. The absolute last thing on my mind when taking care of a customer is personal profit, and I do try to be fair. I'd appreciate it if you would give me the opportunity to be fair to you as well. Enjoy your meals today~

I sincerely appreciate that.

Thank you,




My duty as custodian here is simply to get a statement. As you have not been provided with any lists from Nefario, it's clearly not your fault and I have updated the information about BITCOINRS to reflect that. While it's probably my fault for not contacting you earlier, I've just been so busy with the payments and talking to 20 other asset issuers, I was mistaken and I thought you had a list. Well, anyways. I'll try to make a payment for my shareholders on your behalf since I believe one day you will get the list from Nefario. I may be wrong but who really cares, as long as this gets wrapped up in a neat little package that's all that really matters to me.

Good luck with your company in the future.

Nefario has disapeared and has never given out a shareholder list for the asset and BITCOINRS has never appeared on a public list that got its info back from  glbse.

I can neither hand out shares or pay any value out when there is no way to tell who owns what. Paying out one shareholder even if I know they own the shares isnt fair either. Unless Nefario miraculously decides to do the right thing theres nothing I can do and I cant preference one shareholder over another.

I dont exactly know wtf Im supposed to do about it and I cant exactly send someone to break nefarios legs to ensure he does the right thing.

As I own most of the shares personally Ive written off the entire asset because obviously nefario decided to screw me over. Most of the money lost here is mine and Ive lost a lot more than anyone else so we are all in the same boat.

Im sure Im not the only asset issuer in this situation.
 

Would like to quickly state that you're welcome to leave the locked securities up on BTC-TC for a few more months.

Of course, please follow the wishes of your share/bond holders, but as far as using the platform, you are welcome to continue to do so.

Cheers.

Many updates have been posted today and I will continue to post updates throughout the day.

-----

Letter to Shareholders of all my companies:

In response to some recent enquirers I'd like to remind people that I DO NOT HAVE PERSONAL LIABILITY. The contracts were all very clear. NYAN.A was insured by CPA and CPA existed to expose investors to both the rewards -- and the risks -- of insurance. You knew that before you invested, so it's a little late to start complaining. Do not bother to try and shift the scam accusations from "usagi is responsible for the mining crash" to "usagi has personal liability". I will simply ignore you.

You have to understand. If I invest in a company like BitVPS, and the boss (rg) dumps his WoT/OTC key on pastebin, sells his company and moves to timbuktu -- that I am not responsible for covering investor's loss. Some people seem to think that taking 5% of investment dividend qualifies me to shoulder 100% of the risk. That's just not going to happen on many levels, least of all the contract stating I am not responsible.

This is very important to understand because I will be, breathtakingly, assuming personal liability for NYAN.A.

Yes, you heard it here first. I will be paying what is remaining on NYAN.A out of my personal salary over a period of months because so many companies blew up that all of the value in NYAN.B and most of the value in NYAN.A has disappeared. BITVPS is gone. That was our gem. We're not on the list of BITCOINRS (fancy that). And so on. I've also sold $4,000 worth of my personal gold and silver in order to make bids on BMF securities (see auction) and to buy out the JAH and RSM positions so that my shareholders can receive full value. I've done this in auction or on the market so shareholders know they are getting a better deal than if I didn't do this. I've also relinquished my personal stake in these companies back to shareholders to increase their value.

It's sad that I won't be able to save any money during this time but I believe that contractual obligations be damned -- it's the right thing to do.

In a better world the people who owe me money (as listed in the claims thread) would do the same thing. But they aren't. They're running and hiding and pretending they don't owe me any money.

That makes me sick. And what's worse is a handful of very confused individuals who believe it's all my fault.

Well there's nothing I can really say to anyone over this, because actions speak louder than words.

At any rate, Chinese New Year is coming up soon so let's enjoy ourselves

OH! Sorry about that, I didn't mean running SILVER is my "only" concern. I have to cook my dinner too But yeah, I get what you're saying, and you're right. Shutting down BMF and NYAN is a lot of work.

Actually a few asset issuers that I chat with have said to me, that they don't think I have been given enough time. And that this whole process on BTC-TC has been slightly unfair to me. They're right, I don't have enough time. That's why I took your advice and launched the auction in the first place. I would have preferred getting an extension as that would have allowed me time to get full value. But the community has spoken; the community prefers I am delisted from BTC-TC without sufficient time to chase down people like Obsi and get our money back. Those are the cards I have been dealt and I am dealing with them. But a lot of it is going on behind the scenes now and is not something that I generally announce on the forums. For example, I've been making private payment arrangements with several very large shareholders. But this is not something you would be aware of unless you had asked.

I also share your concern about "will contact asset issuer soon". The meaning of this is simple; I can't seem to get in contact with them and there are no material changes that haven't been announced somewhere else. Unfortunately, most of the companies on GLBSE don't want to do the right thing. They don't want to stick around and pay out what they owe like I am doing. If someone turns tail and runs it makes me look bad. I get blamed because someone doesn't answer his e-mails. It's cruel and unfair, but all I can do is make the best of a bad situation. I hope you can understand my position on that.

You will be happy to know I have sold over $4,000 worth of my personal gold and silver, and at my option my prized Gibson SG Standard guitar, to buy some of the securities we have for sale at full value for my shareholders. This is me buying time for my shareholders to make sure they get full value. I will also be making a gift payment to them and buying bitcoins out of my salary to complete payment on NYAN.A. As a result it is beyond my control how much time this will take, but those arrangements will be made privately with shareholders after delisting from BTC-TC.

I am doing a lot to close these companies down properly as you see; it's just that a lot of it is stuff you won't necessarily be informed of as a non-shareholder. So please don't feel disappointed. I am making the best of it.

Anyways I will be providing an update to the auction thread and editing the securities update thread over the weekend. You will notice only a small handful of bids appeared in the thread the week following the 13th, so there was no reason to provide an update on the 20th.

Dear LTC-GLOBAL moderators and shareholders;

I'm truly thankful of the five votes I have received allowing me to list BMF, and the shareholder motion which states my shareholders want me to continue running BMF (although not many have voted).

However I fear it is too late for BMF. I will be honest my dreams for BMF have been dashed. For weeks I have been mentally prepared to just let go (and shut down the company). So thank you for the five votes, I have asked burnside to unlock the asset, but I will continue to shut down in an orderly fashion over the next few weeks.

The only real benefit unlocking will have is it will allow me to buy back shares in addition to paying a dividend. Some people may prefer to sell their shares at a small loss to get their money back "today" versus two weeks from now. However please keep in mind most of the dividends have already been paid and short of several letters from shareholders asking me to continue I will shut down.

Management guidance: As at Jan 22nd, 2013, I will guarantee a minimum current value for BMF shares at 0.1BTC. However this value is guaranteed to decline as we continue to pay out dividends. I also suggest you don't panic sell. Please check the Dividends & Trades window to see what we have scheduled for payout, and keep in mind there is at least 100 BTC of unscheduled dividends which we will get from auction and from sale of securities over the next week or two. Once again thank you to all my shareholders. Please contact me if you have any concerns and I will do my best to resolve them.

Please see the liquidation auction thread [and associated discussion] to place bids on any issue listed in this thread.

This thread will continue to be updated with new information as I receive it.

Share count was multiplied by 30 on import.

NYAN.C import complete.  Check your spam folder before requesting support.  (gmail users especially)

Cheers.

The leaked settlement agreement??

The leaked settlement agreement is the big news. I was not planning on releasing it yet but there it is, I will release something very similar to that officially soon. So I will have to list NYAN.C for the vote.. I guess I should go list it now. It's just wow, there's like 50 assets to work thru. It's not like we were a miner with 50 singles. We were spread out. In this case diversity is not our friend. So it's taking a long time to chew through everything I need to do and I only have ~3 more weeks.

It's now the 5th. Any news?

"The NYAN post"
Last Update Jan 9 2013

BMF 1026 shares
-- will be calculated and distributed as dividend as payments are made on BTC-TC.
Jan 6 2013 - putting NYAN spreadsheets together today in order to track dividend payments

TEEK.A 196 shares
-- we will try to trade for value with teek's holdings of our company
Jan 9 2013 - update/note: Teek did say he would try to establish a NAV for his shares about a week ago, but we haven't heard back from him yet.

MU 150 shares
-- will contact issuer soon

MINING 121 shares
-- will contact issuer soon

TYGRR.BOND-A 200 shares
We will try to contact goat and see what his plans are, looks like he cut and ran tho.

M.ETF 80 shares
-- will contact issuer soon

BDK.BND 100 shares
-- We have confirmed payment address. will update soon.
Jan 7 2013 - Will be listed on Bitfunder. "BitFunder will provide the ability for you all to trade BDK.BND units as you please."

BIF.1YR.LOAN 220 shares
-- will contact issuer soon

FPGA.ICORE.DEV 100
-- will contact issuer soon

BIT.INC 438 shares
-- will contact issuer soon

BITCOINRS 2000 shares
-- He has listed on BTC-TC and we will contact issuer soon
-- It does not appear likely he will honor our claim.

BIB.BVPS 33,848 shares
-- Will try to contact brendio soon.
-- Mircea will almost certainly refuse to help us recover shares manually.
Jan 9 2013 - Brendio has e-mailed us at the claim address and is working to allow us to retain our shares.

BITCOINTORRENTZ
-- will contact issuer soon

FUTUREFUND 296,225 shares
-- it was bought back already, for around 20 BTC IIRC. I will look up an exact number soon.

FZB.A 1,802 shares
-- I will attempt to establish contact and calculate value soon.

REBATE 500 shares
-- will provide an update soon
-- it now appears REBATE was a scam

ZIP.A 100 shares
-- will provide an update soon
-- it now appears ZIP.A was a scam

BIF-AG-INDEX 104 shares
-- will provide an update soon

BITCOINMINV 200 shares
-- will provide an update soon

OBSI.HRPT 8218 shares
-- will try to contact obsi soon and get a statement

BIF.P2P. LOANS 383 shares
-- will provide an update soon

V.HRL 160 shares
-- will provide an update soon
Jan 7 2013 - We have received an e-mail at the claims address and it seems Vendor will work to allow us to retain our shares.

TEEK.B 50 shares
-- will provide an update soon
-- will try to trade for value he held in our companies
Jan 9 2013 - update/note: Teek did say he would try to establish a NAV for his shares about a week ago, but we haven't heard back from him yet.

Matthew N. Wright 750 bitcoins
-- will obtain an official statement soon.
-- will probably try to sell the debt and make a final payment early than collecting it all.


-----

Collected/paid:

GSDPT 30,000 shares
-- ~22,000 recovered, will provide an update soon.
Jan 8 2013 - Sold around 0.0034 for ~75 BTC.

GMVT-BOT 200 shares
Jan 8 2013 - notice stating payment was received a few weeks ago at .1/share

DMC 10
Jan 9 2013 - We are in receipt of these shares on bitfunder.

Current confirmed minimum payout for BMF
Please note we are still processing claims, this is just an estimate of what we should be able to pay out based on what we have "in our hand."
Last edit: Jan 8 2013

	Dividend Calculator for BMF
	Outstanding BMF shares		5,132	* from GLBSE's list
	Minus CPA's	1,213	3,919
	Minus NYAN.A's	1,026	2,893
	Minus NYAN's	70	2,823
	Minus Usagi's	963	1,860
	Minus teek's (pending trade)	347	1,513
	Remaining (on BTCT.CO)		1,513	*Confirmed by hand from BTCT.CO statement
	(Note: Values below are expected values; actual payments will vary!)
	Shareholder Group -->	CPA's share	NYAN.A's share	NYAN's share	Usagi's share	teek's share	Payout on BTCT.CO	Date
	Group Size -->	23.64%	19.99%	1.36%	18.76%	6.76%	29.48%
From	? Dividend to be paid -->	?	?	?	?	?	?
COGNITIVE	27	6.38172253	5.39789556	0.36827747	5.06644583	1.82560405	7.96005456	2013-01-22
JAH	72.5	17.13610678	14.49434918	0.98889322	13.60434528	4.90208496	21.37422058	2013-01-14
ABM	29	6.85444271	5.79773967	0.39555729	5.44173811	1.96083398	8.54968823
BMMO (pending trade)	0	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
LTC-MINING	22.8	5.38901013	4.55822292	0.31098987	4.27833203	1.54162120	6.72182385	2013-01-13
ZETA-MINING	5	1.18180047	0.99961029	0.06819953	0.93823071	0.33807482	1.47408418	2013-01-04
NASTYMINING	38	8.98168355	7.59703819	0.51831645	7.13055339	2.56936867	11.20303975
MERGEDMINING	2.944	0.69584412	0.58857054	0.04015588	0.55243024	0.19905846	0.86794076	2013-01-11
2 JALAPENOS	30	7.09080281	5.99766173	0.40919719	5.62938426	2.02844895	8.84450507	2013-01-18
SC SINGLE	110	25.99961029	21.99142634	1.50038971	20.64107560	7.43764614	32.42985191	2013-01-29
JTME	30	7.09080281	5.99766173	0.40919719	5.62938426	2.02844895	8.84450507
RSM	62.4	14.74886984	12.47513640	0.85113016	11.70911925	4.21917381	18.39657054	2013-01-21
DMC
BTC-BOND	43	10.16348402	8.59664848	0.58651598	8.06878410	2.90744349	12.67712393	2013-01-15
TOTALS	472.644	111.71418	94.49196103	6.446819953	88.68982307	31.95780748	139.3434084
PER SHARE	0.092097428

I haven't listed them yet. I will do so on the 2nd. YARR will be listed as well, for convenience. I had some questions on whether I could use SILVER and change the ticker to YARR, but to speed things up I might just create the securities and forget about getting money back on the SILVER ticker (as a GLBSE refugee).

Is NYAN.C going to be listed on BTCT.CO, or have you written those shares off?

Thanks! Found it in the spam folder, just as you said!

Not stupid at all. The lists have been processed on btct.co. Please sign up there with the e-mail address you used to claim on GLBSE. I will then be able to transfer shares and value to you. The shares don't trade on the market, so we'd have to arrange a private buy-back.

The plan now is to move as many of the assets into the accounts as possible (see the above list) and then pay out dividends. Whatever's still owed will be placed in some sort of trust and monitored/given regular updates. For example, while Matthew N. Wright owes NYAN about 750 bitcoins, it's unlikely we will ever get that money or even a part of it. We may end up selling the debt for ten cents on the dollar and counting our lucky stars. It's still too early to tell.

Apologies for the stupid question, but I couldn't find the answer:
I had some shares in NYAN and NYAN.C, should I do anything (send you an e-mail), or will I receive an e-mail from you? (I did registrer my claim on GLBSE.com a while ago.)

Please see OP for updates.

Steps in italic have already been completed.
Steps in bold are being actively worked on as of December 29th, 2012.

1. I will contact all NYAN.A participants and give them rights in proportion to the BMF which was held by NYAN.A.
2. I will offer them the chance of receiving the BMF shares on BTC.CO or having me liquidate their BMF value and transfer to them.
3. I will contact all CPA holders as in #1 and give them the same offer as #2.
Note: #1, #2 and #3 do not constitute final payments. There are other assets in NYAN.A and CPA which will be distributed.
5. I will process all holdings of BMF in order, transfer the value to BTC.CO, and make distributions and dividend payments.
6. When finished (approximately at the end of January 2013) BMF will be removed as an asset from BTC.CO.
7. I will then focus on winding down all assets of NYAN and CPA and paying first the balance of NYAN.A to 1 bitcoin.
8. I will then distribute any CPA shares held by NYAN/A/B/C shareholders, and wind down CPA in the same manner as BMF and NYAN; liquidate assets and pay dividends.

Status of outstanding claims after de-listing from from btct.co:
We will pursue claims against Matthew N. Wright (for 750 bitcoins), Hashking (approximately 500 bitcoins), and Imsaguy (approximately 300 bitcoins) and others such as Obsi, UDN, etc. with a sense of urgency, as we discover them during the above-mentioned process of liquidation. When and if these monies, in bitcoin or dollars converted to bitcoin are ever recovered, they will be moved into a trust which will perpetually allow claims to be made against it's holdings for a period of ten years (until January 1st, 2023). If at this time there is money remaining in the account it will be given to usagi, and all outstanding claims the trust has against anyone will be written off, and the trust will permanently close.

Any questions?

As it's Christmas, here's an explanation of how to do the shut-down process on BTC.CO.  I assume you'll get moderator approval to close-down - though it could take a day or two (not seen much that didn't take a few days).

Import the shareholder data via burnside.

Make an extra account each for yourself, nyan and CPA (think those all own BMF shares).

Transfer to each of those accounts the number of shares of BMF they held.  Transfers are free on BTC.CO.

Make a simple spreadsheet listing each asset (e.g. 100 XYZ shares) with a value column and a status column.  Value column should have your estimated value in if you can value that asset.  Publish the spreadhseet (google is fine).  Now people have something on which to base prices if they choose to trade.

When an asset is converted to BTC (and it's an amount worht dividending) you do the following:
1.  Lock BMF against trading and cancel all market orders.  This prevents someone who bid on old data getting shafted post-dividend.  You'll find option to do this at top of contract details for the asset.
2.  Dividend out the BTC.
3.  Update status in spreadsheet for the asset to "Sold for X BTC, Dividend on day/month/year"
4.  Unlock BMF for trading again.
5.  Send funds received on CPA/NYAN/personal accounts to wherever you want.

You need ideally to get back the cash for mining hardware that you gave to CPA and dividend it out.  If that's not possible then you'll have to add it as an asset then pay it out once it can be returned (either from other sources or from dividend payments received from BMF).

If you end up (and you will) with assets that just can't be converted to BTC at a reasonable rate then sell them by public auction.  So if you have 200 shares of XYZ and XYZ is illiquid/unlisted then just do an auction here selling them in blocks to highest bidders.  That way it's transparent, fair and investors in BMF can get some themself if they want.

Perhaps you misunderstand how this works on BTC-TC. You do NOT require a 5+ rating to be approved, you merely need 5 moderators to vote yes. IOW you could have a negative rating(5 yes/20 no for example) and still use BTC-TCs import functionality to assist you in closing down. Giving up so quickly just makes you seem uninformed or uncommitted. Hopefully I've rendered assistance if it's the former.

You had mining hardware (delivered and/or pre-ordered).  But oh yeah - you already took the cash from that to (fully or partially) buy out your own/CPA's shares.  Don't suppose you'll be sharing that out equally with the other BMF investors will you?

September 22nd, 2013:
1. CPA has paid out on every single contract it owed, and then gave all remaining assets to NYAN.A. It ceases to exist as of now. As the CPA contract said, it existed to expose investors to the rewards -- and risks -- of insurance. It's ironic that the main risk we faced was lack of support from the community considering how much we paid out (and, especially, to whom we paid out). But that's life, and this is the result of the choices those people made. It's far too late to play the blame game now.

2. NYAN.A is launching a motion to close which will expire on October 6th, 2013. You have two weeks to vote. There is no quorum because of the widespread nature of the announcement (bitcointalk.org, BTC-TC e-mail and news, reddit, and personal e-mail). Now is your chance to speak up and vote. I've done what I can, now let's vote on what to do next. Thanks and good luck.

3. BMF is thriving.

As a result of 1-2-3 this thread has no purpose anymore. Thanks and good luck!

-----

This post will be updated with the latest information.
Last Update: June 9th. (please see http://tsukino.ca/bmf/holdings-nav)

Steps in italic have already been completed.
Steps in bold are being actively worked on.

Written Jan 2, 2013:
1. I will acquire and liquidate the assets of BMF to the best of my ability and distribute the proceeds as dividend payments to shareholders of record.
(please see the BMF post for the latest update on what we have and what we paid so far).
2. I will simultaneously liquidate the assets of NYAN.A, NYAN.B, and NYAN,C, making payments to NYAN.A shareholders first until they receive 1 bitcoin per share.
3. If there is a significant amount of assets remaining which we are likely to be able to claim I will apply with burnside for a temporary extension of the end-of-january delisting date.
4. At what point any asset is delisted from BTC.CO I will send a GPG signed e-mail with my OTC key to every shareholder of record assigning them value-in-kind as as their proportion of all remaining assets. As an example, this is very likely to include Hashking debt for CPA holders, Matthew N. Wright debt for NYAN.A/B/C holders, and shares of UDN for BMF investors. This is a fair and equitable way to close the company quickly without forcing shareholders into a long relationship with me that nobody seems to want.
5. As the shares will at that time be delisted, this act will constitute the final payment shareholders will receive and will thus conclude my obligation to shareholders, as all assets will have been fairly distributed. Speak now or forever hold your peace. I'm open to alternate ideas.


Any questions?

Update:
Apr 4th -- We have recovered the 33,828 BitVPS shares for NYAN and will sell them for a fair price and pay out to shareholders. If you are a NYAN.A shareholder please expect some dividend payments soon!

Mar 1st -- Shareholders have rejected gift buyouts of some of my companies, so I paid burnside to go back and manually reverse the buyouts. Since my shareholders do not want a closure of my companies, no further money will be paid on these companies until they have been approved for trade and can resume operations. In NYAN's case this means I will buy back all shares at fair market value. In CPA's case as well. In BMF's case we will resume operations.

---
BMF assets and claim status (will be updated with the latest info)

Top Outstanding Issues:


BFLS.RIG (124 shares)
Dec 30 2012 - we sent a PM to Inaba requesting information.
Jan 4 2012 - Received confirmation of claim today or yesterday. payout address is now confirmed.
Jan 27th - Current auction bid is 2.1 BTC total.
Mar 1st -- was liquidated in auction and paid out.
June -- To date, yochdog/inaba have ignored repeated requests to allow me to change my bitcoin payment address, making this sale an administrative nightmare. Please guys, can we just get the payment address changed! Thanks.

BIF.5-10.MININGBOND (120 shares)
Jan 27th - Need contact info.
May 2013 - looks like it was probably a scam?

BAKEWELL (432 shares on GLBSE + 500 shares on BitFunder)
Apr 4th - No response from Nefario but Ian Bakewell is now a scammer after ripping OTHER PEOPLE off on their bakewell shares now, too. We'll go after him later.
Jan 04 2012 - I will not pursue this again until I get an e-mail from James (Nefario) on this since it's impossible to determine what happened.
Jan 01 2012 - I have sent an e-mail to James McCarthy requesting confirmation of our holding in BAKEWELL.
Jan 01 2012 - Ian responds and says that there was another user with 430 shares on the list (!!!) that user received their shares on BTCT.CO, and sold them.
Dec 29 - Ian Bakewell claims we did not have any shares. I found this odd since I claimed anonymously.
April (or so) - Ian Bakewell is now a scammer. We reserve the right to claim the complete amount of shares we held both from GLBSE and BITFUNDER.
We started a thread for going after him (he's our next target after Brendio). The situation remains unresolved. We will update later as new information is recieved.

BITCOINRS (2,000 shares)
Jan 01 2012 - I have sent an e-mail to James McCarthy requesting confirmation of our holding in BITCOINRS.
Jan 27th update - BitcoinOz has confirmed he (still) did not receive a shareholder list from Nefario. The shares are still in nowheres-ville.[/size]
May: Burnside has revealed (and this has since been corroborated by looking up bitcoinoz's posts) that BitcoinOZ gave Burnside a list of shares that was reconstructed by hand. The implication is that BitcoinOZ knew we owned 2,000 shares and decided not to pay us. This would explain the 180 degree turn he pulled back when GLBSE closed -- he had decided not to pay us and justify it by jumping on the usagi is a scammer bandwagon. We are still owed these shares.

quote author=Bitcoin Oz link=topic=133168.msg1482497#msg1482497 date=1359265631]
quote author=usagi link=topic=133168.msg1482060#msg1482060 date=1359248467]

. We're not on the list of BITCOINRS (fancy that).
/quote]

Nefario has disapeared and has never given out a shareholder list for the asset and BITCOINRS has never appeared on a public list that got its info back from  glbse.

I can neither hand out shares or pay any value out when there is no way to tell who owns what. Paying out one shareholder even if I know they own the shares isnt fair either. Unless Nefario miraculously decides to do the right thing theres nothing I can do and I cant preference one shareholder over another.

I dont exactly know wtf Im supposed to do about it and I cant exactly send someone to break nefarios legs to ensure he does the right thing.

As I own most of the shares personally Ive written off the entire asset because obviously nefario decided to screw me over. Most of the money lost here is mine and Ive lost a lot more than anyone else so we are all in the same boat.

Im sure Im not the only asset issuer in this situation.
/quote]

------
Accepted/Held for BMF (this section to be moved into the BMF post).

COGNITIVE (60 shares) (Market Value: 60 shares asking ~0.59/share for ~35.4 btc)
Claimed and in the BTC.CO account, awaiting processing after we calculate total net asset value.
Jan 12 - confirmation/update - shares are up for sale on btc-tc since a couple weeks ago.
(note--covered out-of-pocket then sold over a period of 6 months)

JAH (725 shares) (Market Value: 725 shares asking ~0.14/share for ~101.5 btc)
Just got contacted by the rastaminer. We have claimed the shares and outstanding dividends on Bitfunder.
"You may choose to receive your fair share of JAH as a bmf holder or get liquidated. We need to calculate NAV first though."
Jan 12 - update, shares were given to us on Bitfunder a couple weeks ago.
(note--covered out-of-pocket then sold over a period of 6 months)

ABM (210 shares) (Market Value: 210 shares asking ~0.14/share for ~29.4 btc)
Shares have been claimed on Bitfunder and will be liquidated or assigned as value in kind once we calculate NAV.
(note--covered out-of-pocket then sold over a period of 6 months)

ZETA-MINING (50 shares) (Recieved 5 btc, expected 5 btc)
Liquidated by Zefir: https://blockchain.info/tx/e4af70173d9443da00b520267e7a5a6ae789ce675b04b6fba79d5d35a05a4d0f
Thank you very much Zefir, for doing the right thing and processing our claim so quickly. We wish you success in any future endeavor.
The 5btc has been transferred to the account on btct.co and will be distributed properly once NAV is established)

MERGEDMINING (92 shares)
[email protected] was contacted before deadline and has not responded yet.
Dec 29 2012 - second e-mail sent to likuidxd.
Jan 2 2013 - PM sent to "likuidxd" on the forum requesting a response.
Jan 2  2013 - Our claim was processed without using the info from GLBSE. I had not seen it on the claims address for that reason. We were paid 2.944 BTC in tx 7b968696a3405fc2913c19d3f68eacd0b5f00385bb82a03f2e2f13bf24d46cac. Moving this to completed claims and scheduling payout now.

RSM (6240 shares claimed)
Claim confirmed with Matthew Holt. Dec.19th: Last we heard he will list on BTC.CO and we will get shares there. Awaiting.
Jan 6 2013 - Shares listed and claimed on BTC-TC. There appears to be an error, we have over 6,000 shares. We should have around 200 to 500 max.
(note--covered out-of-pocket then sold over a period of 6 months)

BTC-MINING (300 shares)
Dec 6 2012 Namjies sent us an e-mail stating he received and accepted our claim and payout address. we are listed at https://bitcointalksearch.org/topic/btc-mining-btc-bond-kraken-important-please-read-129362
Jan 12 2013 - Shares received on btc-tc and put up for sale.
(note--this security was sold at auction)

BTC-BOND (4799 shares)
Dec 31 2012 - We received an e-mail asking us to confirm payout address. We have done so and are listed on here: https://docs.google.com/spreadsheet/ccc?key=0AvwwyRGyc1WgdFItM2RwdWU3VHJMeldkSm1IckZNbUE#gid=0 as holding 4799 shares.
"We received a final shareholder list from GLBSE. ... Your payment for your shares will be processed upon confirmation that there is no issue with the amount shown."
Jan 12 2013 - all shares sold for ~43 btc.

YABMC (30 shares)
Jan 27 - Relisted on BitFunder. We have no dividends, but at least we can sell the shares. . . . for 0.02 or so. We'll post a sale price later.
(note--this security was sold at auction)

NASTYMINING (110 shares, or seats)
Jan 27 - All seats sold for ~32BTC.

DMC (1300 shares, claimed on BitFunder, unknown value)
Jan 27 - Estimated value is 0.1 per share based on holdings of 1,000 ASICMINER and 1000 BTC-MINING. We have the shares on BitFunder. Have sold 300. Will post an update after auction closes.
(note: sold on bitfunder)

JTME (170 shares)
Jan 7 2013 - "Each share will receive .1818 BTC for the liquidation payout." so, expected value here is 30.906 BTC.
Jan 27th - was paid out last week and sent to shareholders already, just posting this as an update.

UDN (1000 shares)
No news -- will attempt to contact the asset issuer shortly. Asset appears to have been a scam. We'll try chasing him down in the trust later.
Mar 1st - asset was a scam.

FPGAMINING (635 shares)
We have the asset issuer's e-mail but don't have any news to report at the moment.
Jan 27th - Current auction bid is 0.127. No response from e-mails.
Mar 1st - asset was a scam.
(note--this security was sold at auction)

ASICMINER (10 shares)
Dec 22 2012 https://bitcointalksearch.org/topic/m.1414862
"We received (again) the revised version of shareholders' information from GLBSE." (the complete lists from Nefario)
Friedcat stated earlier he will contact us at the claim address (ref. https://bitcointalksearch.org/topic/m.1416143)
Jan 10 2013 - friedcat confirmed in PM we own the shares and can sell them/trade them/whatever.
Jan 27th update  current auction bid is 0.42 per share. Wow! Keep the bidding going on this one.
Mar 1st -- shares were sold last month and divs paid out.

BITVPS (33,848 shares)
Apr 4th -- We are in possesion of ther 33,828 (not 33848) shares, but trading is currently frozen on this security.
Mar 1st -- brendio contacted us last week and has confirmed our shares, but has not yet transferred his shares to us on BTC-TC.
Feb - brendio has claimed his shares on BTC-TC.
March After a final push to contact Brendio he has returned our shares to us (and to everyone). Mission accomplished, team!
March-June -- 10,000 shares sold @ approx. 0.0067/share.

GIGAMINING (10 shares)
GigaVPS has stated he will not return value in any way unless we provide KYC/AML. We refuse. Please note under U.S. Law, you may transfer beneficial ownership of your GIGAMINING shares without GigaVPS's permission, and you may attempt to sue if he refuses to honor his shares.
(note--auctioned)

BMMO (3775 shares)

BTCMC (165 shares)
Jan 27th - Current auction bid is 0.05 total.
Mar 1st -- was liquidated in auction and paid out.

Part II: Claims Process Feedback
This is all of the positive feedback I recieved during the claims process while closing down NYAN, CPA and BMF. I have to date not received a single negative comment in feedback.

BMF claimant #24
"I appreciate the hard work you are putting in to return as much value as possible to everyone."

BMF claimant #13
"Keep your time to solve the issue with the trading platforms, try to help you on bitcointalk.org...keep the shares as a donation from me."

NYAN.A claimant #9
"Hi, Usagi ... Merry Christmas to you and your family )"

NYAN.A claimant #2
"I am grateful for your efforts to resolve this whole mess after the unexpected closure of GLBSE. I had nearly written off my original investment...If I can also manage to recover most of the BTC I had tied up in the NYAN assets, this would be very good news indeed."

NYAN.A claimant #13
"Thank you for your hard work, I really appreciate your doing the right thing."

NYAN.A claimant #22
"Thanks Usagi, it was a pleasure doing business with you. Will there be any final dividend for CPA?"

NYAN.A claimant #7
"Great, thanks.  I appreciate the professional way that you are handling this."