Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 133.

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Quote from: stochastic on November 17, 2012, 12:53:36 AM

So it has been over 4 weeks since this last post. Any hope left in getting the asset records? Also, was Cognitive exposed to PatrickHarnett? I just read he got a scammer tag for mishandling depositor funds.

I've been talking to Nefario about every seven days, and he keeps saying things similar to "working on it" and "haven't gotten around to it yet". Unfortunately, it seems that getting shareholder data published isn't a high priority of his. I say if he doesn't have it out in another month then I'll start losing hope... In the case of him not ever giving shareholder data, what do you, shareholders, recommend we do?

Yes, Cognitive has BTC100 deposited with PatrickHarnett, as specified in the motion:

Quote from: Garr255 on August 24, 2012, 12:18:15 AM

The motion has passed!

Details here: https://glbse.com/vote/view/103

BTC100 will be deposited with Patrick shortly.

I have contacted PatrickHarnett for a withdrawal even though he's been issued the scammer tag.

Although I'm not at fault for either of these mishaps, I apologize for what's happening with our company right now. This just really sucks.

Our rigs are still mining, and coins are being stockpiled.

Good luck everyone, we really need some right now...
--Garrett

stochastic

hero member

Activity: 532

Merit: 500

Quote from: Garr255 on October 23, 2012, 04:18:51 PM

Quote from: burnside on October 23, 2012, 02:32:55 PM

Quote from: Garr255 on October 23, 2012, 02:25:30 PM

Just got off the phone with James, he said he's not going to be producing trading history for anyone. As for releasing shareholder data, he said that he's asking for the extra coins his script sent out to be returned, and it looks like he won't be releasing shareholder data to issuers until that happens. He said about 3/4 of the extra coins have been returned.

Is he announcing this somewhere? I feel like I missed an announcement or something.

If I'm understanding you correctly, his script screwed up, paid out too much, and now he's emailed those people and asked for the coins back?

I think Nefario's gone off the deep end. Sad

Quote from: stochastic on October 23, 2012, 02:29:39 PM

He expects to get 100% of the extra coins back and until then he won't release shareholder data to issuers?

Exactly :/

And he's told me he won't be posting on the forum until everything cools down.

He's extremely stressed, as anyone in that situation would be. He definitely brought most of this upon himself through the (terribly ridiculous) way he's shutting down the exchange.

If any of you guys have questions, he picks up my calls so let me know. (Its amazing how far being nice gets you.)

So it has been over 4 weeks since this last post. Any hope left in getting the asset records? Also, was Cognitive exposed to PatrickHarnett? I just read he got a scammer tag for mishandling depositor funds.

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Quote from: burnside on October 23, 2012, 02:32:55 PM

Quote from: Garr255 on October 23, 2012, 02:25:30 PM

Just got off the phone with James, he said he's not going to be producing trading history for anyone. As for releasing shareholder data, he said that he's asking for the extra coins his script sent out to be returned, and it looks like he won't be releasing shareholder data to issuers until that happens. He said about 3/4 of the extra coins have been returned.

Is he announcing this somewhere? I feel like I missed an announcement or something.

If I'm understanding you correctly, his script screwed up, paid out too much, and now he's emailed those people and asked for the coins back?

I think Nefario's gone off the deep end. Sad

Quote from: stochastic on October 23, 2012, 02:29:39 PM

He expects to get 100% of the extra coins back and until then he won't release shareholder data to issuers?

Exactly :/

And he's told me he won't be posting on the forum until everything cools down.

He's extremely stressed, as anyone in that situation would be. He definitely brought most of this upon himself through the (terribly ridiculous) way he's shutting down the exchange.

If any of you guys have questions, he picks up my calls so let me know. (Its amazing how far being nice gets you.)

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Quote from: Garr255 on October 23, 2012, 02:25:30 PM

Just got off the phone with James, he said he's not going to be producing trading history for anyone. As for releasing shareholder data, he said that he's asking for the extra coins his script sent out to be returned, and it looks like he won't be releasing shareholder data to issuers until that happens. He said about 3/4 of the extra coins have been returned.

Is he announcing this somewhere? I feel like I missed an announcement or something.

If I'm understanding you correctly, his script screwed up, paid out too much, and now he's emailed those people and asked for the coins back?

I think Nefario's gone off the deep end. Sad

stochastic

hero member

Activity: 532

Merit: 500

Quote from: Garr255 on October 23, 2012, 02:25:30 PM

Just got off the phone with James, he said he's not going to be producing trading history for anyone. As for releasing shareholder data, he said that he's asking for the extra coins his script sent out to be returned, and it looks like he won't be releasing shareholder data to issuers until that happens. He said about 3/4 of the extra coins have been returned.

He expects to get 100% of the extra coins back and until then he won't release shareholder data to issuers?

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Just got off the phone with James, he said he's not going to be producing trading history for anyone. As for releasing shareholder data, he said that he's asking for the extra coins his script sent out to be returned, and it looks like he won't be releasing shareholder data to issuers until that happens. He said about 3/4 of the extra coins have been returned.

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

I just made an update to that page (top of dividends section) containing the amount of coins mined.

Best,
Garrett

piotr_n

legendary

Activity: 2053

Merit: 1356

aka tonikt

Quote from: stochastic on October 20, 2012, 12:58:52 AM

Quote from: piotr_n on October 20, 2012, 12:32:47 AM

@Garr255, I know you cannot pay the divs via GLBSE, but could you maybe publish every weekend what should have been paid for the week?
You know, so we would eventually know how much to claim at the end...

Or has it already been being published, in some place I missed?

You mean how many bitcoins have been accumulating since GLBSE's closure or the amount paid before GLBSE closed?

Yes - that is what I mean.

I would be expecting the info to be updated at this page, in the Dividends section.

But the last record is from 9.29.2012

stochastic

hero member

Activity: 532

Merit: 500

Quote from: piotr_n on October 20, 2012, 12:32:47 AM

@Garr255, I know you cannot pay the divs via GLBSE, but could you maybe publish every weekend what should have been paid for the week?
You know, so we would eventually know how much to claim at the end...

Or has it already been being published, in some place I missed?

You mean how many bitcoins have been accumulating since GLBSE's closure or the amount paid before GLBSE closed?

piotr_n

legendary

Activity: 2053

Merit: 1356

aka tonikt

@Garr255, I know you cannot pay the divs via GLBSE, but could you maybe publish every weekend what should have been paid for the week?
You know, so we would eventually know how much to claim at the end...

Or has it already been being published, in some place I missed?

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

I haven't been able to get a hold of him. I'll post back when I do...

zorgberg

member

Activity: 62

Merit: 10

Quote from: stochastic on October 18, 2012, 03:13:11 PM

Quote from: Garr255 on October 18, 2012, 03:08:17 PM

Will do.

GLBSE is doubling paying.
https://bitcointalksearch.org/topic/m.1281578

I was hoping this would be cleaned up by now, or at least issuers would have their info so we could resume business elsewhere while payments were sorted out.

At this point, I think allowing people (including issuers) to retrieve their full account histories as Bees Brothers suggested is the only recourse.

Let's hope Garr can give us an update after his talk with Nefario.

stochastic

hero member

Activity: 532

Merit: 500

Quote from: Garr255 on October 18, 2012, 03:08:17 PM

Will do.

GLBSE is doubling paying.
https://bitcointalksearch.org/topic/m.1281578

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Will do.

Bees Brothers

sr. member

Activity: 457

Merit: 291

Quote from: Garr255 on October 17, 2012, 08:43:27 PM

I haven't received any emails from GLBSE at all since the closure. I haven't got the funds from Cognitive's account or my personal one either.

I'm planning on calling Nefario tomorrow. If there are any questions youn want to ask him specifically, I'll be happy to relay them.

Ask him to give us access to our final GLBSE history. Either email it or let us log in and download a .csv file.

https://bitcointalksearch.org/topic/m.1280237

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

I haven't received any emails from GLBSE at all since the closure. I haven't got the funds from Cognitive's account or my personal one either.

I'm planning on calling Nefario tomorrow. If there are any questions youn want to ask him specifically, I'll be happy to relay them.

zorgberg

member

Activity: 62

Merit: 10

The refund email I received says "We will also inform you when we process your assets, allowing you to continue your relationship with your issuer."

I haven't been informed so I guess that means they are still processing assets.

investr

full member

Activity: 222

Merit: 100

I got my refund from GLBSE, does that mean you've received my asset info?

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

We will definitely be arranging the company in a way that abides by applicable law, and a motion is a great way to do this. Once we get set up on a platform that supports motions one will be issued.

stochastic

hero member

Activity: 532

Merit: 500

Quote from: Garr255 on October 10, 2012, 07:44:23 PM

GLBSE Has now opened a form to get your assets back, and without any personal information aside from an email address!

Head over there and fill out the form!

I've been talking with the founder of GLBSE and it looks like he is on track to get everything resolved within a week.

I imagine I will be holding a list of all shareholders containing only: and email, bitcoin address, and the number of shares held. After I receive this list, you should be able to trade assets p2p. Just get in contact with me using the email you gave GLBSE.

There are a number of people who will be happy to buy cheap shares

After everything is resolved think about restructuring this company, a motion should go out to organize the company. I can only think of three options:
1. As a general partnership
2. As a LLC
3. Sole proprietor or LLC with Garr the only shareholder and people rent hashpower for a monthly fee.

Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 133. (Read 300686 times)