We found proof that Mike saw the premine as his personal property, eventhough he always said it was for promotional purposes only.
http://bitcoinstats.com/irc/bitcoin-otc/logs/2013/07/17#l1374048699 scroll down to 08.13 or do a search for iamatrix.
08:09 iamatrix I play in Alt coins.. then convert to BTC
08:10 allban yeah did like 60% profit on some dgc couple of days ago, would have been more if i didnt get scammed at the time to load up some coin hehe
08:10 iamatrix lol.. have you played with PXC?
08:11 allban i put the btc back in btc-e when the rally began on pxc/xmp :/
08:11 allban and now 100% fiat on btc-e
08:11 iamatrix its gonna happen again monday/tuesday
08:11 iamatrix PXC is mine
08:11 allban thinking of re-buying some 50k+ alphacoin also, should not be much lower, so only upside
08:12 iamatrix seen this?
http://www.coindesk.com/feathercoin-phenixcoin-and-worldcoin-partner-to-form-unocs-the-united-ope...
08:12 allban hehe have 27.8 pxc from multipool i see now
08:12 iamatrix I have 800K
This was recorded 7/17. He felt entitled to profit. This is probably why he has no problems at all with taking our money, he feels like he deserves it. This is how people anti-social personality disorders think.
I very much regret not digging into his background a little bit more before trusting him and John with so much of my money, time and energy. 6 months and 5k euro down the drain.
But I learned a lot from it