Topic: SkepsiDyne Integrated Node - The Bitcoin Mining Company - page 8. (Read 104277 times)
I logged 243 hours working directly on this project, at a rate of $35/hour.
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@Tawsix
Fuck you! You're practically saying that the only way investors get proof of what you put into SIN is if you guarantee that we get nothing!
This is the kind of shit your character shows that you're capable of! Don't expect us to take this quietly.
Fuck you! You're practically saying that the only way investors get proof of what you put into SIN is if you guarantee that we get nothing!
This is the kind of shit your character shows that you're capable of! Don't expect us to take this quietly.
Scammers gonna scam. I am filing suit this coming Monday. No questions asked. Can't change my mind now. I probably held most of these shares. Mr. Scammer I just have only one word for you : whether you like it or not, you are going DOWN !
@Tawsix
Fuck you! You're practically saying that the only way investors get proof of what you put into SIN is if you guarantee that we get nothing!
This is the kind of shit your character shows that you're capable of! Don't expect us to take this quietly.
Fuck you! You're practically saying that the only way investors get proof of what you put into SIN is if you guarantee that we get nothing!
This is the kind of shit your character shows that you're capable of! Don't expect us to take this quietly.
Scammers gonna scam. I am filing suit this coming Monday. No questions asked. Can't change my mind now. I probably held most of these shares. Mr. Scammer I just have only one word for you : whether you like it or not, you are going DOWN !
@Tawsix
Fuck you! You're practically saying that the only way investors get proof of what you put into SIN is if you guarantee that we get nothing!
This is the kind of shit your character shows that you're capable of! Don't expect us to take this quietly.
Fuck you! You're practically saying that the only way investors get proof of what you put into SIN is if you guarantee that we get nothing!
This is the kind of shit your character shows that you're capable of! Don't expect us to take this quietly.
Quote
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.
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.
What will happen when I choose 'wrap & liquidate' ?
Tawsix sells hardware with loss -shareholders get nothing- or will the hardware go to someone we don't know ? (what do I get out of this deal?)
Voting against liquidation will change nothing and frustration will continue.
No, I sell the hardware and the money that comes from selling it gets passed on to shareholders as dividends until there is no more hardware to sell. An estimate of what you'll get out of it is around 0.87 BTC (at today's prices) per share you own. [($9000 revenue/ 2.235 BTC/$) / 4608 shares]
SKEPSIDYNE INVESTORS ARE CURRENTLY VOTING ON LIQUIDATING THE COMPANY
Due to the low prices BTC has fallen to, it has become unprofitable to operate the machines, so a motion has been put up to liquidate the company and pay out proceeds back to investors. This vote will be up until midnight Tuesday, November 22nd. If you are investor and have any questions regarding the liquidation, please post them here, PM me, or email me at [email protected].
-Tawsix
Due to the low prices BTC has fallen to, it has become unprofitable to operate the machines, so a motion has been put up to liquidate the company and pay out proceeds back to investors. This vote will be up until midnight Tuesday, November 22nd. If you are investor and have any questions regarding the liquidation, please post them here, PM me, or email me at [email protected].
-Tawsix
To others: The time I logged is from straight working on computers. It does not involve the time I spent driving around picking up materials, it doesn't cover gas, it doesn't cover wear on tools, it doesn't cover time spent on this project besides working directly with the computers, it doesn't cover internet costs, it doesn't cover insurance costs, and it doesn't cover property taxes, to name a few things it doesn't cover. And that's just my things it doesn't cover. The value from the contractors is straight time paid, it doesn't cover workman's comp, it doesn't cover the materials they donated, it doesn't cover gas, it doesn't cover their insurance, and it doesn't cover their fees, to name a few things it doesn't cover.
So here is the ultimatum: I will give you a total time logged. I will give you the activities that that time was spent on. I will give you a (non-comprehensive) list of materials that were donated or borrowed that otherwise would have had to have been bought.
Or I will sit down and basically audit myself and account for every screw, every plug, every wire, every second of my time, and bill the company for it all. I will ask the contractors for bills. These bills will be far greater than just time worked (which will also be on there, except at their actual working rates, far greater than the $30/hour or so I am giving them). I will gladly post the proof of these bills from the contractors. At that point there will be no going back, and the contractors will be paid their bills to the best ability of this company. Their bills will be far greater than the $10,000 we could expect to make from the liquidation. Investors will not see a single cent of it.
Perhaps some of you aren't grasping the magnitude of how much was given to this company to make it work. I didn't collect dividends so this company could get off the ground. I didn't charge for time spent so this company could get off the ground. I called in a lot of favors from a lot of people to give me help for free so this company could get off the ground. I am tired of people acting like that did not at all contribute to the company being profitable, and that it did not contribute to the dividends the investors got, and that it didn't contribute to the growth we were able to experience.
So here's the deal: say the word, and I will put up a motion concerning this. I won't vote at all on this motion, it will be purely an investor vote. Just keep in mind, if that motion goes towards asking for bills, there will be no going back, and there will be no money left for investors.
$15837.93 is the amount of money that was raised by the company from the IPO.
I have paid back 202.7945 BTC back into the company for a value of $3411.58 through reinvestment of dividends
I put 30 BTC of my own from my time solo mining into the company at the beginning (when BTC was at around $7.50, so about $225 from that)
I provided a building (with insurance) to house the machines which I valued at $200/month (far below what we would have actually paid to rent a space
(200*4 = $800)
I provided at least $500 of materials to build racks and a cooling system.
In addition to that, I logged 243 hours working directly on this project, at a rate of $35/hour.
(35*243 = $8505)
I also contracted the work of several others to help with electrical setup, rack setup, cooling setup, etc. as well as to help take care of the machines in the event that I was unable to attend to them.
I think that this is value I added to the company and value that I should be able to be remunerated for. I do not think I am being unfair in any of the prices or rates I listed. When all is said and done I have invested quite a bit of time and personal capital into this company that would have otherwise had to be paid for by the company, cutting into dividend payments and growth. My investment has easily been worth the $15837.93 that investors contributed.
I have paid back 202.7945 BTC back into the company for a value of $3411.58 through reinvestment of dividends
I put 30 BTC of my own from my time solo mining into the company at the beginning (when BTC was at around $7.50, so about $225 from that)
I provided a building (with insurance) to house the machines which I valued at $200/month (far below what we would have actually paid to rent a space
(200*4 = $800)
I provided at least $500 of materials to build racks and a cooling system.
In addition to that, I logged 243 hours working directly on this project, at a rate of $35/hour.
(35*243 = $8505)
I also contracted the work of several others to help with electrical setup, rack setup, cooling setup, etc. as well as to help take care of the machines in the event that I was unable to attend to them.
I think that this is value I added to the company and value that I should be able to be remunerated for. I do not think I am being unfair in any of the prices or rates I listed. When all is said and done I have invested quite a bit of time and personal capital into this company that would have otherwise had to be paid for by the company, cutting into dividend payments and growth. My investment has easily been worth the $15837.93 that investors contributed.
Hey,
This has gone to far...
I've also invested a considerable sum of BTC's into SIN.
Tawsix,
1. First of all, you have invested 202.7945 BTC which gives you about 270 shares, and even if you want it to look like you owned them from the beginning, you still owe us investors everything else but your 270 "paid-for shares".
2. Those 30 BTCs you can keep in my opinion. And don't you dare claim it in USD (if you can show us proof of you investing 30BTC more than your divends)
3. The building... Sorry mate, that's just not gonna work for me (us), this was your selling point trying to get investors.
4. Materials to build racks and cooling system. Not gonna work either, also a selling point you used to get investors.
5. 243 hours of logged work. On what? And hey! Selling point aswell. I remember a discussion saying something like "working for free, one of the benefits of taking the risks.
6. What contractors? Never heard of it.
If you were to have these numbers in your initial calculations, no one would have bought a single share!!!
You made us a promise remember? Now when the shit hits the fan and you are trying to do damage control... please remember that some of us believed in you and invested alot of money into you and your idea....BASED ON YOUR PROMISE!!!
Do the right thing!
/B
(Thanks boonies4u, for the quote
)
Cue in the popcorn 
I think legal action is the best course of action for now.
LOL at putting out how much he has worked for us and all that additional costs to cover his backside. Scammer you are doing it wrong; transparency = bad even if the figures are made up out of your backside. We need electricity, contractor, rent and all that bills ( not fake PS stuff ) to be able to trust you after all you have done.
I think legal action is the best course of action for now.
LOL at putting out how much he has worked for us and all that additional costs to cover his backside. Scammer you are doing it wrong; transparency = bad even if the figures are made up out of your backside. We need electricity, contractor, rent and all that bills ( not fake PS stuff ) to be able to trust you after all you have done.
hello....
(glbse is down btw, I think voting time should be extended at least by 1 week.)
(glbse is down btw, I think voting time should be extended at least by 1 week.)
Quote
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.
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.
What will happen when I choose 'wrap & liquidate' ?
Tawsix sells hardware with loss -shareholders get nothing- or will the hardware go to someone we don't know ? (what do I get out of this deal?)
Voting against liquidation will change nothing and frustration will continue.
I'd like to point out that there is no guarantee that anyone in this thread is or ever was an investor and that they could be just causing a ruckus so they can get a bunch of computers for basically nothing.
I've already told you a way to start a private discussion with shareholders. If you want to have a discussion with shareholders, please start a private discussion. There are ways for us to prove the existence of our shares, but if you don't need us to prove that we have shares, you're just going to have to deal with discussions with the public.
This is my first time hearing this. Do you have any proof of you contracting these people?
"Enlisted the help of" would probably be a better term to use than contracted, in retrospect. However, somewhere earlier in the thread I was asked if I had access to people who knew how to do the electrical work that was required, as well as the networking etc., that could help me and I said that I did.
You should have put in a clause covering remuneration.
This isn't some sort of underhanded deal to make money off of SIN, this was what I thought was a better option to help the company without sending a bill to the company and cutting into profits and growth, in addition to reinvesting my dividends. However, if this is not an acceptable way of remuneration (trading shares of the company for my resources) I would be more than happy to write up a bill for the company, as would those who helped. Everyone who invested was profiting off of the labor and resources provided at no charge to this company. Every dividend that got paid out was due to this. It is not without precedent to pay people for providing services for the company.
I never said it was an underhanded deal, I'm just saying you did not write up the contract well.
We are going to need much more documentation (see below) if you want us to give you any remuneration.[/color]
I will provide such documentation in a motion later for shareholders to peruse.
We should have received this documentation before having a motion whether or not to liquidate. Currently the only evidence that this wasn't/isn't a ponzi scheme or scam were the stats coming from the pool.
If you can supply the documentation and evidence (proof if you have it)
- of every piece of hardware bought and/or used. (receipts, pictures, etc.)
- of every hour you put into maintaining and setting up the rigs. (I want to see the original document or log you used to record your hours)
I would not have a problem giving you the remuneration to cover owning half of SIN. (if the math is close enough)
I'd like to point out that there is no guarantee that anyone in this thread is or ever was an investor and that they could be just causing a ruckus so they can get a bunch of computers for basically nothing.
"Enlisted the help of" would probably be a better term to use than contracted, in retrospect. However, somewhere earlier in the thread I was asked if I had access to people who knew how to do the electrical work that was required, as well as the networking etc., that could help me and I said that I did.
This isn't some sort of underhanded deal to make money off of SIN, this was what I thought was a better option to help the company without sending a bill to the company and cutting into profits and growth, in addition to reinvesting my dividends. However, if this is not an acceptable way of remuneration (trading shares of the company for my resources) I would be more than happy to write up a bill for the company, as would those who helped. Everyone who invested was profiting off of the labor and resources provided at no charge to this company. Every dividend that got paid out was due to this. It is not without precedent to pay people for providing services for the company.
I will provide such documentation in a motion later for shareholders to peruse.
This is my first time hearing this. Do you have any proof of you contracting these people?
"Enlisted the help of" would probably be a better term to use than contracted, in retrospect. However, somewhere earlier in the thread I was asked if I had access to people who knew how to do the electrical work that was required, as well as the networking etc., that could help me and I said that I did.
You should have put in a clause covering remuneration.
This isn't some sort of underhanded deal to make money off of SIN, this was what I thought was a better option to help the company without sending a bill to the company and cutting into profits and growth, in addition to reinvesting my dividends. However, if this is not an acceptable way of remuneration (trading shares of the company for my resources) I would be more than happy to write up a bill for the company, as would those who helped. Everyone who invested was profiting off of the labor and resources provided at no charge to this company. Every dividend that got paid out was due to this. It is not without precedent to pay people for providing services for the company.
We are going to need much more documentation (see below) if you want us to give you any remuneration.[/color]
I will provide such documentation in a motion later for shareholders to peruse.
MATTHEW - Before you continue criticising others, I suggest you reread the 43 pages of this thread. The numerous actions and inactions of Tawsix are fully documented. Investors, particularly those who put in significant sums are clearly justified in their anger and mistrust.
All I ask is that you keep trusting me and look through the few disgruntled INVESTORS who loudly throw accusations around.
*cough* shakaru *cough*
Fixed.
Isn't shakaru an investor? He acts like he is the most invested.
Also, edited my post.
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Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
All I ask is that you keep trusting me and look through the few disgruntled INVESTORS who loudly throw accusations around.
*cough* shakaru *cough*
Fixed.
Isn't shakaru an investor? He acts like he is the most invested.
$15837.93 is the amount of money that was raised by the company from the IPO.
I have paid back 202.7945 BTC back into the company for a value of $3411.58 through reinvestment of dividends
I put 30 BTC of my own from my time solo mining into the company at the beginning (when BTC was at around $7.50, so about $225 from that)
I provided a building (with insurance) to house the machines which I valued at $200/month (far below what we would have actually paid to rent a space
(200*4 = $800)
I provided at least $500 of materials to build racks and a cooling system.
In addition to that, I logged 243 hours working directly on this project, at a rate of $35/hour.
(35*243 = $8505)
I also contracted the work of several others to help with electrical setup, rack setup, cooling setup, etc. as well as to help take care of the machines in the event that I was unable to attend to them.
I think that this is value I added to the company and value that I should be able to be remunerated for. I do not think I am being unfair in any of the prices or rates I listed. When all is said and done I have invested quite a bit of time and personal capital into this company that would have otherwise had to be paid for by the company, cutting into dividend payments and growth. My investment has easily been worth the $15837.93 that investors contributed.
$3411.58+$225+$800+$500+$8505=$13441.58I have paid back 202.7945 BTC back into the company for a value of $3411.58 through reinvestment of dividends
I put 30 BTC of my own from my time solo mining into the company at the beginning (when BTC was at around $7.50, so about $225 from that)
I provided a building (with insurance) to house the machines which I valued at $200/month (far below what we would have actually paid to rent a space
(200*4 = $800)
I provided at least $500 of materials to build racks and a cooling system.
In addition to that, I logged 243 hours working directly on this project, at a rate of $35/hour.
(35*243 = $8505)
I also contracted the work of several others to help with electrical setup, rack setup, cooling setup, etc. as well as to help take care of the machines in the event that I was unable to attend to them.
I think that this is value I added to the company and value that I should be able to be remunerated for. I do not think I am being unfair in any of the prices or rates I listed. When all is said and done I have invested quite a bit of time and personal capital into this company that would have otherwise had to be paid for by the company, cutting into dividend payments and growth. My investment has easily been worth the $15837.93 that investors contributed.
$13441.58-$15837.93=-$2396.35
This is my first time hearing this. Do you have any proof of you contracting these people?
You should have put in a clause covering remuneration. We are going to need much more documentation (see below) if you want us to give you any remuneration.
We are going to need documentation of
Hardware bought, used, donated
Your clocked labor hours
Contracted help
All I ask is that you keep trusting me and look through the few disgruntled INVESTORS who loudly throw accusations around.
*cough* shakaru *cough*
Fixed. Also, I stopped trusting you awhile ago. I'm just not as loud as other investors.
I will be posting this periodically over the next few days so investors who are just now coming into the thread know the situation.
To address some issues people have brought up recently: I contend that I have paid off my debt to the company between my reinvestment and the time and materials I have personally contributed, as well as the time and materials of others who contributed to the company. $15837.93 is the amount of money that was raised by the company from the IPO. I have paid back 202.7945 BTC back into the company for a value of $3411.58 through reinvestment of dividends, I put 30 BTC of my own from my time solo mining into the company at the beginning (when BTC was at around $7.50, so about $225 from that), I provided a building (with insurance) to house the machines which I valued at $200/month (far below what we would have actually paid to rent a space), and I provided at least $500 of materials to build racks and a cooling system. In addition to that, I logged 243 hours working directly on this project, at a rate of $35/hour. I also contracted the work of several others to help with electrical setup, rack setup, cooling setup, etc. as well as to help take care of the machines in the event that I was unable to attend to them.
I think that this is value I added to the company and value that I should be able to be remunerated for. I do not think I am being unfair in any of the prices or rates I listed. When all is said and done I have invested quite a bit of time and personal capital into this company that would have otherwise had to be paid for by the company, cutting into dividend payments and growth. My investment has easily been worth the $15837.93 that investors contributed.
I'm working at a startup for $12/hr. We keep costs low so we can develop a quality product without rushing to release. You however have blown through your startup capital and are unable to deliver a product. Hard to be sympathetic to the idea you should bear none of the losses.
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Activity: 588
Merit: 500
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All I ask is that you keep trusting me and look through the few disgruntled people who loudly throw accusations around.
*cough* shakaru *cough*
SKEPSIDYNE INVESTORS ARE CURRENTLY VOTING ON LIQUIDATING THE COMPANY
Due to the low prices BTC has fallen to, it has become unprofitable to operate the machines, so a motion has been put up to liquidate the company and pay out proceeds back to investors. This vote will be up until midnight Tuesday, November 22nd. If you are investor and have any questions regarding the liquidation, please post them here, PM me, or email me at [email protected].
-Tawsix
Due to the low prices BTC has fallen to, it has become unprofitable to operate the machines, so a motion has been put up to liquidate the company and pay out proceeds back to investors. This vote will be up until midnight Tuesday, November 22nd. If you are investor and have any questions regarding the liquidation, please post them here, PM me, or email me at [email protected].
-Tawsix
I will be posting this periodically over the next few days so investors who are just now coming into the thread know the situation.
To address some issues people have brought up recently: I contend that I have paid off my debt to the company between my reinvestment and the time and materials I have personally contributed, as well as the time and materials of others who contributed to the company. $15837.93 is the amount of money that was raised by the company from the IPO. I have paid back 202.7945 BTC back into the company for a value of $3411.58 through reinvestment of dividends, I put 30 BTC of my own from my time solo mining into the company at the beginning (when BTC was at around $7.50, so about $225 from that), I provided a building (with insurance) to house the machines which I valued at $200/month (far below what we would have actually paid to rent a space), and I provided at least $500 of materials to build racks and a cooling system. In addition to that, I logged 243 hours working directly on this project, at a rate of $35/hour. I also contracted the work of several others to help with electrical setup, rack setup, cooling setup, etc. as well as to help take care of the machines in the event that I was unable to attend to them.
I think that this is value I added to the company and value that I should be able to be remunerated for. I do not think I am being unfair in any of the prices or rates I listed. When all is said and done I have invested quite a bit of time and personal capital into this company that would have otherwise had to be paid for by the company, cutting into dividend payments and growth. My investment has easily been worth the $15837.93 that investors contributed.
There are a few people in this thread who contend that I am a scammer and am running a Ponzi scheme and that I have broken countless laws and the contract that this company was set up under. I have not scammed anyone, and no one can point at one thing I have done to scam the people who invested in this company. This is obviously not a Ponzi scheme, as evidence by the output logged on btcmine.com, illustrated by the graphs sharp provided for us. The contention that it is against the contract to liquidate the company is literally the opposite of the truth; there is literally a clause dealing with the procedures of liquidating the company, which I quoted earlier in the thread.
I have done my best to operate this company to the benefit of the investors. I have never done anything to try and scam anyone who invested. You trusted me enough to give me, a complete stranger and unknown, the capital to start this enterprise. There were a lot of bumps along the way and you still trusted me. All I ask is that you keep trusting me and look through the few disgruntled people who loudly throw accusations around.
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