845700+ entries in 0.576s
Diablo-D3: The shareholder contract has not been violated, more
than 100% of shareholder funds have been returned.
Diablo-D3: Namworld:
This discussion is over.
Namworld: Well
the SEC might disagree with you arbitrarily voiding shareholders who sent you funds. SEC wants compliance,
they don't say "Well all
that occured without us never existed, don't sweat it."
Diablo-D3: ThickAsThieves:
the SEC has
told a lot of someones
to do something.
Diablo-D3: Namworld: and its in your best interest
to just do it.
Diablo-D3: Namworld: when
the SEC asks you
to do something, you don't discuss it with others, you just do it.
Diablo-D3: Namworld: I'll
tell you one
thing
though
Namworld: They did exist.
They all do. What you propose is
theft, pure and simple.
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Diablo-D3: two of which can never be liquidated because, frankly,
they don't exist.
Diablo-D3: But DMC's
two largest assets? btc-mining and btcmc.
Diablo-D3: Same with yochdog, he knew what he was going
to do since day one
Diablo-D3: Im not going after you because I've admitted
that you were in on it.
Diablo-D3: bitesak: people close
to
the matter have already admitted its going
to be worthless
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Diablo-D3: You owe DMC 106 BTC, far more
than your shares in DMC are worth.
Namworld: That Nefario lied
to you doesn't discharge you from responsibilities
to DMC 1.0 holders. You know it. What's been done is done.
Diablo-D3: "amazingrando stole all
the money, oh well"
Diablo-D3: Namworld: I mean, you don't even have a right
to even have
this argument with me
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Diablo-D3: When
the SEC comes, it will be all up
to
the rest of you
to deal with.
Diablo-D3: And
then dragged me into it using lies.
Diablo-D3: Paid for by people who I believe were in on
this scam from
the beginning.
Namworld: Doesn't matter
that
there's no USD assets.
That just means it might be hard/impossible
to seize. Not
that no wrongdoings would be found.
Namworld: One complaint about it and good luck managing
to get any funding for DMC 2.0 in any sort of legal way.
The fact DMC 1.0 shares were sold
to non-accredited people doesn't give you any legal basis
to void
them.
Diablo-D3: Namworld: I dont
think you realize how dangerous
the SEC currently is
to America.
Diablo-D3: Which I believe no one in
the Bitcoin community can meet.
Diablo-D3: that would just be playing into
the SEC's game
Namworld: It occured. Your identity is known.
There's
tracks of
the whole ordeal. You're arbitrarily voiding DMC 1.0 shares and
taking
the assets
to start and sell shares in DMC 2.0
Diablo-D3: Namworld: yes, and
the contract states shares have no claim
to
the assets unless
the company is closing,
thus assets would be liquidated
Diablo-D3: ThickAsThieves: companies
that do nothing frequently exist.
Namworld: I said "If", which is not
the case. Even if DMC wasn't properly registered,
the contract exist and is valid.
ThickAsThieves: without
the shares and holdings, DMC arguably does not exist
Diablo-D3: If DMC doesn't exist,
then what are we discussing exactly?
Namworld: If DMC doesn't exist,
the
transfer of funds for
that inexisting company sure
took place.
Namworld: There's no clause allowing you
to reallocate assets
to other people or void shares.
Namworld: As per
the contract, you can't
Diablo-D3: Namworld: as per
the contract, I actually can.
Namworld: Diablo-D3, you can't close DMC like
that and you know it.
Diablo-D3: I
think ukyo said hes freezing all american assets
Namworld: Well I assume it would have
to be non-BTC investors. But good luck pulling it off using stolen assets
to jumpstart it.
ThickAsThieves: particularly if he expects anyone
to ever invest in his efforts in
the future
Namworld: Voiding
those shares is a silly idea.
Namworld: That's certainly not a proper way
to close down.
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Namworld: They remain in DMC and DMC holders are entitled
to income/profit. Or in case of activity ceasing, 100% of liquidation value.
Namworld: The no rights
to asset clause is merely an indication
that we can't directly make a claim on
the asset. Not
that
the manager can
take
those assets for himself/other endeavours.
Namworld: It doesn't need
to. If you sell share in a company and
then void shares and get away with it all...
dub: <DMC> its like
that, and
thats
the way it is
ozbot: Reasonable man
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theory. Reasonable man
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t Diablo-D3: Namworld: you clearly
think
the contract says something it doesn't.
Diablo-D3: yochdog is in
the process of liquidation
ThickAsThieves: i assume anything other
than what youve chose is 'not viable'
Diablo-D3: ThickAsThieves: and
theres virtually no assets lefct
Diablo-D3: ThickAsThieves:
the only failures have been Namworld's BTC-MINING and yochdog's BTCMC
Namworld: No right
to assets, but you don't either.
ThickAsThieves: So,
tell me, what will
this move afford you for DMC's future?
Diablo-D3: ThickAsThieves: not at all. for
the majority of DMC's life, its been almost entirely invested in AM
Diablo-D3: No, but shareholders also have no right
to
the assets as per
the contract.
ThickAsThieves: While I wasn't around for
the earlier offenses, it does seem
that DMC always manages
to find a
the worst way
to manage its assets
Namworld: You can't arbitrarily void
them. SEC would agree it wasn't done properly. But you can't void past actions.
Diablo-D3: Namworld: no, effectively
the SEC has done
this.
Namworld: No, because you're voiding shares. It's effectively
theft.
Diablo-D3: DMC is retaining
them as per
the shareholder contract.
Namworld: You still can't
take DMC's assets
Diablo-D3: ThickAsThieves: no, but I
tend on pushing
the SEC off one
Diablo-D3: pankkake: at least you used
that for a joke
dub: DMC:
The war against failure
Diablo-D3: No, I'm funding a war against
those who want
to see Bitcoin fail.
Diablo-D3: Namworld: but DMC was never created merely
to make money. It was created for much grander purposes.
Diablo-D3: Namworld: if you
think Im just going
to run from
the SEC, Im not.
Diablo-D3: its what you wanted, anyways, and I dont see amazingrando ever being brought
to justice
Diablo-D3: Namworld: and if you're worried about your shares of your asset, you can have
them.
Diablo-D3: Namworld: no, but
the company is free
to keep
them in
the company's pocket.
Diablo-D3: [02:27:41] <Namworld> Void? What about
the holdings? You can't pocket
them for yourself.
Namworld: Easy
to sell ASICMINERs and auction
the other stuff.
Namworld: I recommend liquidation and payout
to all holders and close.
dub: you're right about
the rest
though,
the days of play exchanges are over
dub: I guess
thats something
Namworld: Plus some other assets
that could be considered pretty much valueless.
Namworld: Was a 11 DMC
to 1 ASICMINER-PT conversion and should be good for about all outstanding shares
Namworld: Isn't your identity known? If you just pocket DMC's assets like
that... Not going
to look nice.
Namworld: Complying involves
typically excluding further investments from non-eligible investors and proper closure. Not voiding and keeping assets.