In the event of a full pirate default, NYAN.C will loose out, and CPA holds NYAN which holds NYAN.C. Then we have contracts on the outside as well. All in all CPA will remain very solvent, it may lose 20% of it's value in a full default. But we stands just as ready to gain 20% if pirate doesn't default.
So play your cards Buy or sell, and only the future knows what will happen
I'm sorry if I'm misunderstanding something here (I don't really know what launching all zigs means...), but how does the above quote relate to the quote below (your reply to techshare regarding the dispute over payments for logo work)?
For the record, the quote below is from august 18th, five days before the above quote, and the bolds are both by me.
Hi!
Unfortunately Pirate's BTCS&T just blew up. As an insurance company we're launching all zigs. I have to stop this. I am not going to be able to use any of the designs, and we might go under.
Sorry o_o it was a bad time for us to get into the insurance business, right before pirate collapsed :>
I might have said something like that, but you're going to have to quote me, as I didn't say anything like that in this thread. I'm not denying I said it, but I think you should provide more context. Was I talking about CPA? Was I talking about BMF? YARR? NYAN? Something else? I probably wasn't talking about CPA. That didn't appear in this thread so...
The thread in question is locked so I don't know how to properly quote.
However, the quote is from this thread:
https://bitcointalksearch.org/topic/payment-not-delivered-work-rendered-for-usagi-payment-made-by-matthew-n-102798
It is under number (7), at the end of Techshare's opening post.
Since you were talking about an insurance company I assume it was CPA.
Oh I was just trying not to be an asshole to TECSHARE since his art was shit and he was moving away from the guidance I gave him and not following the direction I wanted to take. He kept saying that he couldn't do what I wanted and that what I wanted was boring, so I just fired him. I was trying to be nice about it too. Sheesh, some people.
So now you feel it necessary to slander me further? You made a mistake and this all could have been avoided by simply admitting it rather than attempting to intimidate and slander me into submission.
In case anyone is wondering if you can trust anything out of USAGI's mouth here is a direct quote after he reviewed my work:
..."So once again, the top center image and bottom center image are my two favorites and I would like to move forward with those. This is my first purchase of a logo so I'm unsure of what to do next. I originally had the idea that you would design a banner add as well (like the https://bitcointalksearch.org/topic/m.472116]two for IBB or for bitcointrading). Almost anything would be good because there are no really good advertisements around here IMO. So I just need to get something out pretty quickly, although you can take your time (lol) if you like.
Ok so let's see. I assume you will want 15 bitcoins for all this. I like those logos so I can pay half (7.5) bitcoins right now for those logos? And then we can move forward on the banner add? Or what is your suggestion.. thanks"
https://bitcointalksearch.org/topic/payment-not-delivered-work-rendered-for-usagi-payment-made-by-matthew-n-102798
It is quite obvious based on his statements posted on the above link he canceled the agreement because of his failing company. You reap what you sew buddy, and I wouldn't be here if you had stopped your slander.