Topic: SkepsiDyne Integrated Node - The Bitcoin Mining Company - page 12. (Read 104277 times)

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.

He actually has more than half of the shares. Based on the first post, roughly 2000 IPO shares were sold. There are 10k shares in existance.

Liquidating based on total shares in existance would mean that he would be getting more than half.

If Tawsix had sold 2k shares, he should have had all but 2001 shares deleted from the SIN account.

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

He does not have a right to liquidate and that is not the offer on the table.
The offer that was given and to be put before the share holders was the following.

All sin assets including Hardware, Website/hosting, GLBSE listing, or any other aspect of the opperations of SIN that could carry monitray value or assist in the operation in any way are to be transfered to SDM through the act of ABSORTBTION.

Once the assets have been transfered, they will be assesed and brought back online.

SDM will issue a new non-public ticker and exchange SDM.SIN shares for existing SIN shares to remove asset contact by Tawsix.

Opperation will continue to run under the authroity of SDM.

No offer of purchase was made on the hardware or SIN. In fact, when this matter comes to vote (I will bring it to vote my self if I have to) I have a 12% give/take share ownership in SIN and my vote will be to have the current opperation absorbed by SDM.

I am not sure about you, but I bought into this with the expectation of a fully opetaional mining farm, but due to the current management, my investment is without positive return, and now Tawsix is saying he will sell the hardware. If at any point Tawsix violates the contract he has issued through GLBSE, I will issue suit, win, and forclose on all hardware and assets currently held illigaly by Tawsix as all asset belongs to SIN.

Let me guess - since you gave yourself half of the shares, despite not gaining that amount according to the contract you wrote, you expect to reap half the revenue from the liquidation?

As per the contract under which SIN was formed, I will be calling for a motion to wrap up and liquidate the company:


I will announce when the motion is up, currently my client of GLBSE is out of date and I am waiting for Nefario to email me back with links to the updated files.  In the event of the motion passing, I will begin to sell SIN's assets and paying off the money to shareholders via GLBSE.

In the event of winding up of the organisation and liquidising of it's assets , after the payment of the organisations creditors,
the shareholders will be paid all remaining liquidity, divided equally among shares, such that one share entitles the holder
to a single share of liquidity.

sell the assets to shakaru

Well TBH if shakaru invested more than $1000 into this then IMHO he deserves to be scammed.