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Topic: SkepsiDyne Integrated Node - The Bitcoin Mining Company - page 12. (Read 104288 times)

full member
Activity: 210
Merit: 100
I have always been afraid of banks.
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.
legendary
Activity: 1400
Merit: 1005
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.
sr. member
Activity: 462
Merit: 250
It's all about the game, and how you play it
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.
hero member
Activity: 826
Merit: 1000
As per the contract under which SIN was formed, I will be calling for a motion to wrap up and liquidate the company:

Quote
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.

I will announce when the motion is up, currently my client of GLBSE is out of date and I am waiting for Nefario to email me back with links to the updated files.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.
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?

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.
Unissued shares don't count though.  He was going to issue shares to himself with half of the dividends given each month.  Then, midway through the contract period, he just decided that he was close enough (even though he was actually very far) and gave himself an equal number of shares as those that had been issued.  IIRC, he should only have around 350 shares so far.  But he gave himself the other 2700, despite the terms of the contract.

If he expects to get anything more than 350 shares worth of money out of the hardware, I'll fight it tooth and nail, and I hope the other shareholders will join me in that.

If you get access to those 2 shares again, vote against the liquidation, I'm not sure how much we can trust him selling these mystery machines (unintentional scooby-do reference).

Has anyone even been able to contact Nefario lately? Though I am not currently supporting the liquidation, I hope Tawsix isn't wasting our time waiting for a reply from Nefario.
sr. member
Activity: 406
Merit: 250
QUIFAS EXCHANGE
sell the assets to shakaru

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

What has he said, do you have quotes?


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.

It sounds like you two are not on the same page.

That is correct
legendary
Activity: 1400
Merit: 1005
As per the contract under which SIN was formed, I will be calling for a motion to wrap up and liquidate the company:

Quote
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.

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.
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?

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.
Unissued shares don't count though.  He was going to issue shares to himself with half of the dividends given each month.  Then, midway through the contract period, he just decided that he was close enough (even though he was actually very far) and gave himself an equal number of shares as those that had been issued.  IIRC, he should only have around 350 shares so far.  But he gave himself the other 2700, despite the terms of the contract.

If he expects to get anything more than 350 shares worth of money out of the hardware, I'll fight it tooth and nail, and I hope the other shareholders will join me in that.
sr. member
Activity: 406
Merit: 250
QUIFAS EXCHANGE
Save me the trouble of raising the motion my self.

Motion to turn over all assets and operation to SIN to SDM as per the terms above.

If you want SDM to take over. Vote NO for liquidation.

Also, acording to how GLBSE works, if shares from an ipo are not transfered out of the creating account, they do not hold voting rights or get a dividend. However, if one transfers the shares out and back in, then they do, but this would be investor fraud.
hero member
Activity: 826
Merit: 1000
As per the contract under which SIN was formed, I will be calling for a motion to wrap up and liquidate the company:

Quote
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.

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.
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?

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.
legendary
Activity: 1400
Merit: 1005
As per the contract under which SIN was formed, I will be calling for a motion to wrap up and liquidate the company:

Quote
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.

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.
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?
hero member
Activity: 826
Merit: 1000
sell the assets to shakaru

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

What has he said, do you have quotes?


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.

It sounds like you two are not on the same page.
full member
Activity: 210
Merit: 100
I have always been afraid of banks.
sell the assets to shakaru

He has already stated he is not interested in that arrangement.
hero member
Activity: 602
Merit: 502
sell the assets to shakaru
full member
Activity: 210
Merit: 100
I have always been afraid of banks.
As per the contract under which SIN was formed, I will be calling for a motion to wrap up and liquidate the company:

Quote
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.

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.
hero member
Activity: 518
Merit: 500
Well TBH if shakaru invested more than $1000 into this then IMHO he deserves to be scammed.

Nobody deserves to be scammed...  Especially those that are providing capital to help others succeed with their goals.

Well giving triple digit money to a stranger you never even met IRL sounds pretty dumb to me. Idiocy deserves to be punished.

Well, don't get me wrong I really want the scammer to get punished but they work on the fact that nobody every will. If shakaru actually drags him into court then I would give all my praises to him ! If shakaru really does punish the OP scammer then I think this will deter some from trying in the future while knowing there actually ARE consequences IRL to scamming people on the internet.
legendary
Activity: 1400
Merit: 1005
Well TBH if shakaru invested more than $1000 into this then IMHO he deserves to be scammed. Has he actually met the OP in person ? Probably not. Shakaru, you should have donated your money to charity instead my friend. Greed was too much probably for him. Shakaru send over 1000 BTC and tomorrow I give you back 1200 BTC OK ?

Suggestion for scammer : run out of the country while you can. These nerds are coming to get you from their parents' basements.
Yeah, you're right.  We should just throw all want for justice out the window when those who "deserve to be scammed" get scammed.   Roll Eyes

Come on man.  Shakaru went out on a limb to fund a Bitcoin company, and you're saying he deserves to be scammed?  If that's the case, what are we all doing here anyway?  Why even try to make Bitcoin succeed when taking any risk means you deserve to be scammed?
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
Well TBH if shakaru invested more than $1000 into this then IMHO he deserves to be scammed.

Nobody deserves to be scammed...  Especially those that are providing capital to help others succeed with their goals.
sr. member
Activity: 343
Merit: 250
Ultimately those with the most to lose are GLBSE - if Tawsix gets away with the USD and/or gets away without punishment, the damage to investor confidence is substantial. Without investors there is no GLBSE. I'm surprised and disappointed we have heard pretty much nothing from them.
hero member
Activity: 518
Merit: 500
Good luck. You definitely have a case. All you need to do is spend tens of thousands of dollars (or more) for a legal team to investigate. Because this is a bitcoin based business, it may be difficult to find precedence. It may get thrown out of court and then you'll have to start over at a higher level court. Even if you win, you will probably spend a lot of money. After many years, you may end up with a victory, but it's unlikely there will be anything to collect by then. Been there, done that.

Exactly my point. BTC is just a scammer's dream tool. Bet they are all grateful for it and thus they are coming here on this forum to offer their wares and other magical unicorn schemes ...
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
Good luck. You definitely have a case. All you need to do is spend tens of thousands of dollars (or more) for a legal team to investigate. Because this is a bitcoin based business, it may be difficult to find precedence. It may get thrown out of court and then you'll have to start over at a higher level court. Even if you win, you will probably spend a lot of money. After many years, you may end up with a victory, but it's unlikely there will be anything to collect by then. Been there, done that.
hero member
Activity: 518
Merit: 500
Well TBH if shakaru invested more than $1000 into this then IMHO he deserves to be scammed. Has he actually met the OP in person ? Probably not. Shakaru, you should have donated your money to charity instead my friend. Greed was too much probably for him. Shakaru send over 1000 BTC and tomorrow I give you back 1200 BTC OK ?

Suggestion for scammer : run out of the country while you can. These nerds are coming to get you from their parents' basements.
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