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Topic: SCAM IPO [Bakewell] - Finally, a 'transparent' investment that will 'grow'! - page 3. (Read 47798 times)

hero member
Activity: 866
Merit: 1001
sr. member
Activity: 364
Merit: 250
firstbits 1LoCBS
hero member
Activity: 968
Merit: 515
Luckily I dumped all my shares when he moved to Bitfunder.

I think this is Bitfunders first official scam.

Someone already collected all public information about Ian:
https://bitcointalksearch.org/topic/m.1606156
full member
Activity: 180
Merit: 100
So has Ian done a runner?

Apparently so.  He's deleted the content of his first post.

I saved his contact stuff a while back, I figured we might need it when he took off with no contact the first time.
full member
Activity: 179
Merit: 100
So has Ian done a runner?
full member
Activity: 151
Merit: 100
I know a guy who drives through Edmonton every couple weeks (truck driver) He could easily see if there are any shiny new cars parked out at his address. Then again, Ian knows he put all his info out there, if he is a scammer I'd hope he's smart enough to move (weren't his pics of an apartment?)
full member
Activity: 234
Merit: 101
But he hasn't defaulted yet. His first tranche for his loan payments is 29 March.

Any news on this??
legendary
Activity: 910
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
sr. member
Activity: 272
Merit: 250
so how much you all get screwed over for this time ?

I guess about 500 BTC?
~650 btc assuming he hadn't stolen assets from his mining company.

He's not technically in default yet, I'm going to try and contact him

With his BTCjam loan and other loans - and interest on those loans, 3000 Bakewell shares (1800 growth shares, 1200 promoter shares - although he hasn't sold all of them yet), and the S.Dice shares he loaned to short, I would estimate it to ~1150 BTC. On top of that, he has 2 Avalons coming to him.

But he hasn't defaulted yet. His first tranche for his loan payments is 29 March.
vip
Activity: 1316
Merit: 1043
👻
so how much you all get screwed over for this time ?

I guess about 500 BTC?
~650 btc assuming he hadn't stolen assets from his mining company.

He's not technically in default yet, I'm going to try and contact him
sr. member
Activity: 406
Merit: 250
so how much you all get screwed over for this time ?

I guess about 500 BTC?
Even if he was a scammer, he'd figure something better out than stealing a few hundred coins before tanking his entire enterprise. Would he really sacrifice his reputation for such a small amount of money? Don't get me wrong, the money is significant, but someone who understands bitcoin as well as Ian, with a good reputation has way more to gain than a few hundred bitcoin. I seriously doubt Ian absconded with the money.
hero member
Activity: 756
Merit: 522
so how much you all get screwed over for this time ?

I guess about 500 BTC?
legendary
Activity: 910
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
so how much you all get screwed over for this time ?
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye

This "growth shares" nonsense has to go.

We keep saying that, but I don't think Ian is listening.
hero member
Activity: 532
Merit: 500
Doesn't look good - was about to post on this myself.  Noticed someone had dumped a bunch so immediately checked to see if it was Ian (he'd been selling his own ones before).

Looks very much like he's borrowing (stealing) from the company.  Hopefully it's to repay his loans not to do a runner - though it's still theft of course.  It can't really be to expand - as even if he sold the lot into what orders are left there wouldn't be enough cash to buy an Avalon.

Anyone want some Bakewell shares that just got sold to me cheap?  Lol.

Silly thing is if the company keeps going the shares are actually very cheap considering they have a Batch 2 Avalon order.  So I'm not too fussed about just getting dumped a bunch of them - as the significant risk he was going to scam/steal was always factored in when I placed the bid.  Though wasn't expecting him to dump Growth shares - was more expecting him to dump rest of his personal (if he has any left) or some panicky investor to sell cheap.

This "growth shares" nonsense has to go.

Yeah - though if they didnt exist assume he would have just sold treasury ones instead.  Whatever's going on, he's obvious desperate for cash (when BTC rose sharply last few days thought he'd be in trouble as he'd been borrowing BTC to invest in something fiat).
hero member
Activity: 756
Merit: 522
Doesn't look good - was about to post on this myself.  Noticed someone had dumped a bunch so immediately checked to see if it was Ian (he'd been selling his own ones before).

Looks very much like he's borrowing (stealing) from the company.  Hopefully it's to repay his loans not to do a runner - though it's still theft of course.  It can't really be to expand - as even if he sold the lot into what orders are left there wouldn't be enough cash to buy an Avalon.

Anyone want some Bakewell shares that just got sold to me cheap?  Lol.

Silly thing is if the company keeps going the shares are actually very cheap considering they have a Batch 2 Avalon order.  So I'm not too fussed about just getting dumped a bunch of them - as the significant risk he was going to scam/steal was always factored in when I placed the bid.  Though wasn't expecting him to dump Growth shares - was more expecting him to dump rest of his personal (if he has any left) or some panicky investor to sell cheap.

This "growth shares" nonsense has to go.
legendary
Activity: 910
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
newbie
Activity: 48
Merit: 0
I am... Outta here! Got cold feet and just sold my puny stake.

Knowing my luck though the next post will be a picture of Ian standing next to a mountain of shiny Avalons...
hero member
Activity: 532
Merit: 500
Doesn't look good - was about to post on this myself.  Noticed someone had dumped a bunch so immediately checked to see if it was Ian (he'd been selling his own ones before).

Looks very much like he's borrowing (stealing) from the company.  Hopefully it's to repay his loans not to do a runner - though it's still theft of course.  It can't really be to expand - as even if he sold the lot into what orders are left there wouldn't be enough cash to buy an Avalon.

Anyone want some Bakewell shares that just got sold to me cheap?  Lol.

Silly thing is if the company keeps going the shares are actually very cheap considering they have a Batch 2 Avalon order.  So I'm not too fussed about just getting dumped a bunch of them - as the significant risk he was going to scam/steal was always factored in when I placed the bid.  Though wasn't expecting him to dump Growth shares - was more expecting him to dump rest of his personal (if he has any left) or some panicky investor to sell cheap.
vip
Activity: 1316
Merit: 1043
👻
Ian may have sold shares to raise capital for growth and maintenance.

May be. We won't know until he comments.

Last time, he had taken a loan when 20BTC was short to purchase the 2nd Avalon - instead of selling growth shares.
You'd expect growth and maintenance shares to be held (for the dividends) so they can keep growing in the future instead of growing once..
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