Pages:
Author

Topic: SkepsiDyne Integrated Node - The Bitcoin Mining Company - page 10. (Read 104236 times)

sr. member
Activity: 406
Merit: 250
QUIFAS EXCHANGE
I have started the motion concerning the liquidation of SIN, it's ID is 62 (I made a test motion with ID 61 to make sure everything was working correctly, so just ignore that one).  The motion text is as follows:

Code:
Vote Start: Wednesday November 16, 2011 - 9:00 PM
Vote End: Tuesday November 22, 2011 - 12:00 AM
Vote Num: 000006
Vote issue: Wrapping up and liquidation of SIN

This vote is being held to determine the shareholders' opinions
on the matter of wrapping up SIN and liquidating its assets. 

A vote in favor (yes) will support the wrapping up and liquidation of SIN.

A vote against (no) will be against the wrapping up and liquidation of SIN.

Voting will go until midnight the 22nd of November.  Hopefully this will be enough time for the majority of investors to vote.

Why is there no vote for asborbtion like we have discussed? Also, where is the hardware manifest we have been told about? I growing very tired of your dealings. Put up the damn motion like you said.
legendary
Activity: 1400
Merit: 1005
So, liquidation will win.  He'll say he got X dollars for liquidating the assets, which may or may not be the truth - he won't give the details.  It'll be paid out in the form of BTC to the shareholders.  We'll never know what assets were actually owned, whether he pocketed some of the money raised by shareholders (which seems fairly likely at this point), whether the assets were liquidated at a fair and reasonable price, or whether he pocketed some of the money raised by liquidating some of the assets.

I guess you could demand to see Bill of sale.  I mean if it is sold on ebay that leaves a record.  If he sells the "equipment" (which may have never been purchased to begin with) to someone on this forum they can confirm it. 

If he claims he sold it to some anonymous person without any proof well hopefully he gets scammer tag for life.
We've been demanding things all along that he has ignored.  We've been demanding a list of hardware, detail on purchase price of said hardware, etc.  He hasn't given any of that to us, so I doubt he'd comply with a demand to see bill(s) of sale.

I agree that he should get scammer tag for life though.  UNLESS he actually shows what was purchased on what dates, for how much, and it matches up with the information we already have about shares sold and BTC raised.
donator
Activity: 1218
Merit: 1079
Gerald Davis
So, liquidation will win.  He'll say he got X dollars for liquidating the assets, which may or may not be the truth - he won't give the details.  It'll be paid out in the form of BTC to the shareholders.  We'll never know what assets were actually owned, whether he pocketed some of the money raised by shareholders (which seems fairly likely at this point), whether the assets were liquidated at a fair and reasonable price, or whether he pocketed some of the money raised by liquidating some of the assets.

I guess you could demand to see Bill of sale.  I mean if it is sold on ebay that leaves a record.  If he sells the "equipment" (which may have never been purchased to begin with) to someone on this forum they can confirm it. 

If he claims he sold it to some anonymous person without any proof well hopefully he gets scammer tag for life.
legendary
Activity: 1400
Merit: 1005
So let me get this straight.

Tawsix the scammer still refuses to actually list what hardware has been purchased.

Tawsix the scammer initiated a vote on GLBSE to either liquidate the assets or let someone else take control of them.

Tawsix the scammer has given himself an equal number of shares as have been issued to everyone else, which means that whatever he wants to happen, will happen.

Likely, he'll vote his shares towards liquidating the assets, so no one else has a chance to see them.  That vote will win, of course, since he owns half the shares already.  The best we could hope for on the absorption front is EVERYONE else votes for it, but it would have to be every single shareholder, and it would only result in a tie.  Maybe he gave himself one extra share just so he could be sure he wins the vote.

So, liquidation will win.  He'll say he got X dollars for liquidating the assets, which may or may not be the truth - he won't give the details.  It'll be paid out in the form of BTC to the shareholders.  We'll never know what assets were actually owned, whether he pocketed some of the money raised by shareholders (which seems fairly likely at this point), whether the assets were liquidated at a fair and reasonable price, or whether he pocketed some of the money raised by liquidating some of the assets.


And that is exactly what he wants.


For anyone who still wants to fight him on this, he ILLEGALLY gave himself a larger share of the company.  He wrote a contract, then broke that contract by issuing shares to himself that he did not earn according to the terms of the contract, and that is the best point of contention I can find.
hero member
Activity: 518
Merit: 500
+1 Shades Minoco to absorb SIN

AND CAN WE PLEASE GET AN ASSETS LIST!?
Is it so hard?
You Tawsix keep avoiding this issue at all cost I wonder why...
SIN is over your argument of keeping the assets a secret is no longer valid!

Obivous scam is obvious. Saying he has $1000 of equipment but only claiming $500 etc.
member
Activity: 90
Merit: 10
+1 Shades Minoco to absorb SIN

AND CAN WE PLEASE GET AN ASSETS LIST!?
Is it so hard?
You Tawsix keep avoiding this issue at all cost I wonder why...
SIN is over your argument of keeping the assets a secret is no longer valid!
hero member
Activity: 826
Merit: 1000
Sorry, I was talking to Tawsix. I was trying to say "you" like this :

"You, Tawsix, are..."

NOT like :

"You, Tawsix, and myself..."

Sorry if my grammar failed 3:



legendary
Activity: 1904
Merit: 1002
Sorry, I misread what you were referring to regarding assets.

I don't know what "better" offer regarding absorption could appear. As long as my shares do not lose value and there is a competent person running the rigs, I consider it a non-issue what absorbs SIN. Has anyone made any offer to absorb SIN other than Shades Minoco?

Technically the only shareholder I am certain is taking a part in this discussion is you, Tawsix( and myself).
This is a public discussion. Whether or not I think we should continue to discuss absorption should depend on how many shares of the IPO votes regarding the liquidation. If it is a low number, I think a dummy motion should be created pointing to a private discussion (password or link protected access).

If not that, then I think we need to find another way to prove who has shares, if we need to continue to discuss.

I just thought we were going to be having one motion up for 5 days, but it seems like it may be weeks before we come to a decision.

No other offer has been made as far as I know.  My point was simply that it's unreasonable to expect there to be other offers when he won't tell us what the assets are exactly.
hero member
Activity: 826
Merit: 1000
Sorry, I misread what you were referring to regarding assets.

I don't know what "better" offer regarding absorption could appear. As long as my shares do not lose value and there is a competent person running the rigs, I consider it a non-issue what absorbs SIN. Has anyone made any offer to absorb SIN other than Shades Minoco?

Technically the only shareholder I am certain is taking a part in this discussion is you, Tawsix( and myself).
This is a public discussion. Whether or not I think we should continue to discuss absorption should depend on how many shares of the IPO votes regarding the liquidation. If it is a low number, I think a dummy motion should be created pointing to a private discussion (password or link protected access).

If not that, then I think we need to find another way to prove who has shares, if we need to continue to discuss.

I just thought we were going to be having one motion up for 5 days, but it seems like it may be weeks before we come to a decision.
legendary
Activity: 1904
Merit: 1002
I thought the plan was to have one motion decide.

just so everyone is clear what has been proposed by SDM is an absoprtion of all SIN assests, all equipment operational or otherwise as well as any information will be transfered from SIN to SDM and after relocation to a SDM location and evaluation/restoration(as needed) to operate as originally intended.
So we have two proposed options then:
1)  All rigs are sold for cash to whomever, and the cash is distributed to shareholders proportional to their LEGITIMATE shares.
2)  SDM takes over the mining operations by physically acquiring the rigs, though they are still owned by the shareholders.

This is correct, and once I get my client updated I will set forth a motion concerning these matters.

I thought the absorption has already been discussed and has been determined as the ideal alternative. Then again, you (Tawsix) havent really discussed it yourself, even going to the point of saying shakaru was disinterested in the idea of absorption.

I said that he was not interested in buying the assets.

sell the assets to shakaru

He has already stated he is not interested in that arrangement.

There have been maybe six or seven shareholders who have been expressing their opinions in this thread to allow for absorption, one of which would be the one acquiring SIN's assets.  I do not think this is a good sample, so I do not think it is wise to make this vote a dichotomy of either liquidation or absorption.  Just because we have had one offer does not mean it is the only one we can get, or the best one for the company.

If you will list the assets maybe others could make offers.  There probably is someone who is willing to offer a dividend to shareholders as well as take control of the equipment and operate it for a small percentage of proceeds.
full member
Activity: 210
Merit: 100
I have always been afraid of banks.
I thought the plan was to have one motion decide.

just so everyone is clear what has been proposed by SDM is an absoprtion of all SIN assests, all equipment operational or otherwise as well as any information will be transfered from SIN to SDM and after relocation to a SDM location and evaluation/restoration(as needed) to operate as originally intended.
So we have two proposed options then:
1)  All rigs are sold for cash to whomever, and the cash is distributed to shareholders proportional to their LEGITIMATE shares.
2)  SDM takes over the mining operations by physically acquiring the rigs, though they are still owned by the shareholders.

This is correct, and once I get my client updated I will set forth a motion concerning these matters.

I thought the absorption has already been discussed and has been determined as the ideal alternative. Then again, you (Tawsix) havent really discussed it yourself, even going to the point of saying shakaru was disinterested in the idea of absorption.

I said that he was not interested in buying the assets.

sell the assets to shakaru

He has already stated he is not interested in that arrangement.

There have been maybe six or seven shareholders who have been expressing their opinions in this thread to allow for absorption, one of which would be the one acquiring SIN's assets.  I do not think this is a good sample, so I do not think it is wise to make this vote a dichotomy of either liquidation or absorption.  Just because we have had one offer does not mean it is the only one we can get, or the best one for the company.
hero member
Activity: 826
Merit: 1000
I thought the plan was to have one motion decide.

just so everyone is clear what has been proposed by SDM is an absoprtion of all SIN assests, all equipment operational or otherwise as well as any information will be transfered from SIN to SDM and after relocation to a SDM location and evaluation/restoration(as needed) to operate as originally intended.
So we have two proposed options then:
1)  All rigs are sold for cash to whomever, and the cash is distributed to shareholders proportional to their LEGITIMATE shares.
2)  SDM takes over the mining operations by physically acquiring the rigs, though they are still owned by the shareholders.

This is correct, and once I get my client updated I will set forth a motion concerning these matters.

I thought the absorption has already been discussed and has been determined as the ideal alternative. Then again, you (Tawsix) havent really discussed it yourself, even going to the point of saying shakaru was disinterested in the idea of absorption.
full member
Activity: 210
Merit: 100
I have always been afraid of banks.
Could you please give more details on the procedure for liquidating SIN and your estimate of the likely proceeds you will get for the equipment? Where will you be selling the company's assets? eBay?

If this motion is voted down, would you then consider Shakaru's proposal?

That depends.  If we can sell it all off in one lot that would probably be the most preferable option, but this would be something for investors to discuss.  eBay would definitely be on the table.  I would be open to suggestions on how to best get the company liquidated.  As far as likely proceeds, the typical estimate would be half of the value of the equipment being sold.  That is an underestimate in my opinion however, as most of the hardware we have seems to be selling for over that value on eBay.  I think in total we can expect somewhere between nine and ten thousand dollars USD.  However this is just speculation, things could be better or worse, so I hesitate to make any definitive statement on the matter.

If this motion is voted down, we will then have a discussion on what action to take and vote accordingly.

Could you please give more details on the procedure for liquidating SIN and your estimate of the likely proceeds you will get for the equipment? Where will you be selling the company's assets? eBay?

If this motion is voted down, would you then consider Shakaru's proposal?

A vote of Yes is for the liquidation and against absorption. A vote of No is against liquidation and for absorption. If the liquidation is voted down, I expect the absorption to go through.

A vote of yes is for liquidation.  A vote of no is against liquidation.  If the vote fails we will discuss what action is to be taken and then vote on that action.
hero member
Activity: 826
Merit: 1000
Could you please give more details on the procedure for liquidating SIN and your estimate of the likely proceeds you will get for the equipment? Where will you be selling the company's assets? eBay?

If this motion is voted down, would you then consider Shakaru's proposal?

A vote of Yes is for the liquidation and against absorption. A vote of No is against liquidation and for absorption. If the liquidation is voted down, I expect the absorption to go through.
hero member
Activity: 518
Merit: 500
Could you please give more details on the procedure for liquidating SIN and your estimate of the likely proceeds you will get for the equipment? Where will you be selling the company's assets? eBay?

If this motion is voted down, would you then consider Shakaru's proposal?
full member
Activity: 210
Merit: 100
I have always been afraid of banks.
I have started the motion concerning the liquidation of SIN, it's ID is 62 (I made a test motion with ID 61 to make sure everything was working correctly, so just ignore that one).  The motion text is as follows:

Code:
Vote Start: Wednesday November 16, 2011 - 9:00 PM
Vote End: Tuesday November 22, 2011 - 12:00 AM
Vote Num: 000006
Vote issue: Wrapping up and liquidation of SIN

This vote is being held to determine the shareholders' opinions
on the matter of wrapping up SIN and liquidating its assets. 

A vote in favor (yes) will support the wrapping up and liquidation of SIN.

A vote against (no) will be against the wrapping up and liquidation of SIN.

Voting will go until midnight the 22nd of November.  Hopefully this will be enough time for the majority of investors to vote.
sr. member
Activity: 406
Merit: 250
QUIFAS EXCHANGE
Here is what Tawsix says on first post of this thread.

I certainly wouldn't be suing him over my two shares by myself, but shakaru invested several thousand dollars worth of BTC by the sound of it.  That's something large enough that it couldn't even be settled in small claims court.

Yes, definitely not small claims court, especially if given total amount invested.

A correction.  ANYTHING can be settled in small claims court you just accept the max judgement of small claims court as the limitation of the settlement.  Given depreciation and the lack of business skills one would imagine that net asset value of the company at liquidation would be far smaller than $15K.

Lastly if an investor filed suit as an indivudal (not representing other individuals) for breech of contract only the value of his "shares" (portion of contract) would be relevant.

Thank you! Finally someone who knows something that dosent start with "I dont have the facts to back this up..."

If this would turn into a legal battle, class action representation is the way to go.
Any word on when the SIN GLBSE account will be working? All the SDM ones have no issue. Even raising a motion. How is it that only SIN is affected when a vote is to be called that would blow this scam out of the water?


I really think we should file a suit and get his fat ass into jail. This guy scammed us all and the biggest mistake he did was thinking he could get away with it !!! This is not Nigeria boy, this is the US of A. People uphold the law or get screwed by big Bubba in the prison cell. I hope that is coming for you Mr Scammer. Soon Grin

I want to see a quick liquidation or absorption... I am not interested in losing money just to bring Tawsix to justice. Taking Tawsix to court should be only considered an option to prevent losses, not something to be persued.

It is in the shareholders best interest to preserve the value of their return and taking this to court(at this point) will only increase losses.

agreed. I only want to see this mess turn into a profit. I know that it is there if the hardware exist.
hero member
Activity: 826
Merit: 1000
Here is what Tawsix says on first post of this thread.

I certainly wouldn't be suing him over my two shares by myself, but shakaru invested several thousand dollars worth of BTC by the sound of it.  That's something large enough that it couldn't even be settled in small claims court.

Yes, definitely not small claims court, especially if given total amount invested.

A correction.  ANYTHING can be settled in small claims court you just accept the max judgement of small claims court as the limitation of the settlement.  Given depreciation and the lack of business skills one would imagine that net asset value of the company at liquidation would be far smaller than $15K.

Lastly if an investor filed suit as an indivudal (not representing other individuals) for breech of contract only the value of his "shares" (portion of contract) would be relevant.

Thank you! Finally someone who knows something that dosent start with "I dont have the facts to back this up..."

If this would turn into a legal battle, class action representation is the way to go.
Any word on when the SIN GLBSE account will be working? All the SDM ones have no issue. Even raising a motion. How is it that only SIN is affected when a vote is to be called that would blow this scam out of the water?


I really think we should file a suit and get his fat ass into jail. This guy scammed us all and the biggest mistake he did was thinking he could get away with it !!! This is not Nigeria boy, this is the US of A. People uphold the law or get screwed by big Bubba in the prison cell. I hope that is coming for you Mr Scammer. Soon Grin

I want to see a quick liquidation or absorption... I am not interested in losing money just to bring Tawsix to justice. Taking Tawsix to court should be only considered an option to prevent losses, not something to be persued.

It is in the shareholders best interest to preserve the value of their return and taking this to court(at this point) will only increase losses.
hero member
Activity: 518
Merit: 500
Here is what Tawsix says on first post of this thread.

I certainly wouldn't be suing him over my two shares by myself, but shakaru invested several thousand dollars worth of BTC by the sound of it.  That's something large enough that it couldn't even be settled in small claims court.

Yes, definitely not small claims court, especially if given total amount invested.

A correction.  ANYTHING can be settled in small claims court you just accept the max judgement of small claims court as the limitation of the settlement.  Given depreciation and the lack of business skills one would imagine that net asset value of the company at liquidation would be far smaller than $15K.

Lastly if an investor filed suit as an indivudal (not representing other individuals) for breech of contract only the value of his "shares" (portion of contract) would be relevant.

Thank you! Finally someone who knows something that dosent start with "I dont have the facts to back this up..."

If this would turn into a legal battle, class action representation is the way to go.
Any word on when the SIN GLBSE account will be working? All the SDM ones have no issue. Even raising a motion. How is it that only SIN is affected when a vote is to be called that would blow this scam out of the water?


I really think we should file a suit and get his fat ass into jail. This guy scammed us all and the biggest mistake he did was thinking he could get away with it !!! This is not Nigeria boy, this is the US of A. People uphold the law or get screwed by big Bubba in the prison cell. I hope that is coming for you Mr Scammer. Soon Grin
sr. member
Activity: 406
Merit: 250
QUIFAS EXCHANGE
Here is what Tawsix says on first post of this thread.

I certainly wouldn't be suing him over my two shares by myself, but shakaru invested several thousand dollars worth of BTC by the sound of it.  That's something large enough that it couldn't even be settled in small claims court.

Yes, definitely not small claims court, especially if given total amount invested.

A correction.  ANYTHING can be settled in small claims court you just accept the max judgement of small claims court as the limitation of the settlement.  Given depreciation and the lack of business skills one would imagine that net asset value of the company at liquidation would be far smaller than $15K.

Lastly if an investor filed suit as an indivudal (not representing other individuals) for breech of contract only the value of his "shares" (portion of contract) would be relevant.

Thank you! Finally someone who knows something that dosent start with "I dont have the facts to back this up..."

If this would turn into a legal battle, class action representation is the way to go.
Any word on when the SIN GLBSE account will be working? All the SDM ones have no issue. Even raising a motion. How is it that only SIN is affected when a vote is to be called that would blow this scam out of the water?
Pages:
Jump to: