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Kalrand GoonWaffe Goonswarm Federation	Posted - 2010.12.28 04:36:00 - [1] Originally by: Block Ukx The Exchange guarantees It's a one man operation, right?
Kalrand GoonWaffe Goonswarm Federation	Posted - 2010.12.28 22:25:00 - [2] Originally by: Block Ukx Originally by: Kalrand It's a one man operation, right? No Is your operational structure detailed anywhere?
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.04 21:22:00 - [3] Originally by: Poison Edited by: Poison on 04/01/2011 21:12:47 Originally by: RAW23 Grats on the epic year! Your slogan still sucks though and I wince every time I read it. With me, at least, it has had the opposite of its desired effect. I was gearing myself up to list all my future offerings on the exchange but I'm afraid I won't support a service that advertises itself by making groundless attacks on other businesses and attempts to use its reputation to make life difficult for anyone pursuing a different approach. Just to emphasise how nonsensical the slogan is, if any investor were swayed by it they would find themselves restricted to investing in only four businesses other than your various in-house stocks (two of the six listings haven't paid out any dividends in over a year, although I thought EMFI's CEO had reappeared some months ago - do you have any procedure for delisting dead stocks?). An approach that I'm sure would be much more successful would be to simply remind all new bond issuers of your service by advertising it positively in their thread. It's a great service and deserves to be sold on its real merits. We got the point. We are sorry you dont agree with the slogan. If you have any further questions or concerns about the slogan please start your own anti slogan thread. Your dismissive comment really didn't address any of the issues he raised. And I'll raise another: Are people able to withdraw shares from your exchange?
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.05 02:48:00 - [4] Originally by: Poison Edited by: Poison on 05/01/2011 00:54:39 Originally by: Kalrand Originally by: Poison Edited by: Poison on 04/01/2011 21:12:47 We got the point. We are sorry you dont agree with the slogan. If you have any further questions or concerns about the slogan please start your own anti slogan thread. Your dismissive comment really didn't address any of the issues he raised. And I'll raise another: Are people able to withdraw shares from your exchange? Most of bsac shares that are on the exchange are only traded on the exchange so withdraw is not possible.(AKA Vitural Shares) Only isk is deposited and withdrawn. As for the slogan I am sorry I thought block was clear, it will remain. \ I understand that your custom funds are not withdrawable, that makes sense. What I am referring to are the bonds and shares that are issued and managed using the in-game share system, such as CRCH, withdrawable from the exchange?
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.05 11:27:00 - [5] Originally by: Block Ukx Originally by: Kalrand What I am referring to are the bonds and shares that are issued and managed using the in-game share system, such as CRCH, withdrawable from the exchange? No. This has been discussed at length previously; only option is CEOs block withdrawals. What procedures do you have in place for the common investor, if they have a loss of confidence in your organization, but not in the underlying funds that they hold?
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.06 10:09:00 - [6] Originally by: Block Ukx As I have mentioned before and have been discussed at length by others (Hexxx comes to mind), registered shares are a key component of a real-time Exchange. Registered shares cannot be withdrawn from the Exchange unless a CEO initiates a block withdrawal. Investors would need to convince the CEO to execute a block withdrawal. Once the shares leave the Exchange, it is the sole CEO responsibility to return shares to its rightful owners. If I am correct, anyone can deposit shares, even if they are not the CEO, right? In the case of a CEO who takes a laissez faire attitude towards your exchange, do you have something in place for people who deposit when the CEO isn't involved? Also, when Titans4U was delisted from your exchange, what happened to the shares you held?
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.06 15:35:00 - [7] Originally by: Block Ukx Originally by: Kalrand If I am correct, anyone can deposit shares, even if they are not the CEO, right? Yes, anyone can deposit shares in the Exchange as long as the IPO/Bond meets the listing requirements. Originally by: Kalrand In the case of a CEO who takes a laissez faire attitude towards your exchange, do you have something in place for people who deposit when the CEO isn't involved? No. So, in essence, you've stolen them at that point. Originally by: Block Ukx Originally by: Kalrand Also, when Titans4U was delisted from your exchange, what happened to the shares you held? The shares held in trust will remain in the custody of the Exchange. Shareholders will remain the owners of the shares, as is clearly visible in their account balance sheet. So not only can they not trade their shares on your exchange (say for collector's value), they can't withdraw them either. But oh! You've left a notation on your register for them.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.06 18:21:00 - [8] It's in the Exchange?!? You'll Never Get It Out!
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.09 23:07:00 - [9] Originally by: Liberty Eternal Originally by: Block Ukx Not in the Exchange, Don't Invest! I can't believe you still have this slogan up when Titans4U was registered on your exchange, with absolutely no oversight or auditing on your behalf. Talk about being pulled over by the weight of your own balls. You may notice that the BSAC staff won't respond to criticism that they have previously dismissed as "discussed". As in, previously dismissed out of hand.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.10 00:23:00 - [10] Actually, the more I think of it, the arrogance, relative opacity of operations, and pressure to get people to move capital and assets into their closed system mirrors a pre-Ricdic's (sp?) theft E-Bank fairly well.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.10 00:26:00 - [11] Originally by: Block Ukx Nothing to Hide, List in the Exchange! It's in the Exchange?!? You'll Never Get It Out!
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.10 04:34:00 - [12] Originally by: Block Ukx To list in the Exchange, all it takes is a positive review in the MD forums and one share (which I pay for) to keep track of dividends and outstanding shares. You have the ability to do that with whatever investments you're willing to pay for, what I don't understand is why you don't have all recent offerings in your exchange then. My major criticism with your group is that you restrict share "withdrawals" from the same people you encourage to "deposit" them. I don't think this is as much a sign of laziness as it is an attempt to keep funds and shares within your closed system, where no one has any idea if there really is anything to back up all of the "account balances". I predict that you and your group will be the next major MD failure of the megabillion variety.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.10 12:59:00 - [13] Edited by: Kalrand on 10/01/2011 12:58:52 wrong thread.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.11 03:02:00 - [14] Originally by: Block Ukx Before you continue on you relentless attack of my integrity, I suggest you stop for a moment Let me be absolutely clear: I believe your have mismanaged the funds currently under your management so that the only way you can stay afloat is to continually add to your assets under management. Be that through your various bonds, shares, "stock exchanges", "mineral reserves" or whatever else you dress up people sending you isk and assets to hold in care for them. Originally by: Block Ukx SHARES CANNOT BE REMOVED FROM THE EXCHAHGE. I believe this validates my slogan: It's in the Exchange?!? You'll Never Get It Out!
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.11 03:46:00 - [15] Originally by: Block Ukx That is an absolutely unfounded accusation that is an obvious attempt to smear my reputation. Your continued attacks show clearly your motive. I have no interest in discussing the matter any further with you. Your right. There is no way to tell one way or another if your ridiculously opaque, largely two man operation is actually using 700+ Billion in assets in a responsible manner. Except for the fact that you are always looking for more capital. At your size and your self proclaimed levels of "success" you should be able to generate any needed funds internally. So prove me wrong.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.11 03:56:00 - [16] Edited by: Kalrand on 11/01/2011 03:55:52 Originally by: Block Ukx I have no interest in discussing the matter any further with you. I can't decide which is a more pertinent comparison to this statement: Originally by: Wizard of Oz Do not arouse the wrath of the great and powerful Oz. Originally by: Bernard "Bernie" Madoff In today's regulatory environment, it's virtually impossible to violate rules. edit: formatting
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.11 04:16:00 - [17] Originally by: Block Ukx I have no interest in discussing the matter any further with you. Since you refuse to respond to criticisms of the size and how you are running your organization, I think you may find the public money spigot turning off.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.11 04:28:00 - [18] Originally by: Block Ukx I have no interest in discussing the matter any further with you. Then consider what I say to not be towards you, but towards anyone who may have money invested in you or your group's products. And that would be: Take your money out now, before Block and BSAC decides the charade is too much trouble to keep up.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.11 22:06:00 - [19] Originally by: Hexxx If it was me, I would ensure that shares only went one way: into the exchange, never out of it. This is similar to Ebank and isk, correct?
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.13 01:48:00 - [20] Originally by: Erin Eraser Originally by: Block Ukx Nothing to Hide, List in the Exchange! That was more than a bit snarky. Is this a joke? Welcome to the party. You might want to take a look at this thread here.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.14 21:31:00 - [21] The BSAC Stock Exchange and All BSAC Stocks and Bonds Are Part Of A Ponzi Scheme.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.15 03:34:00 - [22] Edited by: Kalrand on 15/01/2011 03:34:02 Originally by: Poison Originally by: Liberty Eternal It's also factually true - locking in isk through a 40% withdrawl fee is a ponzi no matter what way you look at it. Maybe if you did your homework you would know why there was a 60% buy back on the shares.. And just how is that different?
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.16 14:30:00 - [23] Originally by: PinkFish The share price is supposed to fluctuate with the value of the business The problem here is that investors have no idea what the actual business is worth. Even the Board of Directors are prohibited from checking how much the business is worth. So how are investors supposed to value their investment?
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.16 18:47:00 - [24] Originally by: PinkFish The BOD is not in here demanding an audit. They are asking for more money to enter into this closed system, so they should expect public questions.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.19 15:02:00 - [25] Originally by: CRNA Caldari - I understand your point, and I do wish that the issues here would be cleared up to everyone's satisfaction. My point is more that just because other people have scammed isn't evidence that another person will. I also think guilty until proven innocent might help protect your isk, but I think the way some things are being said on here (not specifically referring to you) are a bit out of line. I think there is a line between "I don't like the recent issues, I'm not investing" and "He's definitely a scammer, everyone run!!!!one!". I suppose that is really my point. In my humble opinion, it is the name-calling and trash talking that probably provoked the reaction from bsac, right or wrong. Either way, guess everyone needs to decide for themselves what to do with their isk, but again would be nice to see everyone's questions answered You sound like an ideal candidate to invest in BSAC securities.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.21 04:28:00 - [26] Originally by: CRNA Originally by: Kalrand You sound like an ideal candidate to invest in BSAC securities. Are you not happy because my text isn't big and colored red, because we all know that makes what you say true and important. Obviously you're well informed about the criticisms against BSAC, and feel that they aren't germane. That really would make you an idea investor.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.21 05:57:00 - [27] Originally by: CRNA I think you need to re-read (or read for the first time) what I actually wrote. I'm more saying I'm not sure either way, and that people shouldn't start screaming its a Ponzi without any evidence... I read it. The problem with this thread isn't with what I wrote, how I wrote it, anything Raw wrote, or anything else. It's the fact that in the face of criticism from several people, the only responses from BSAC, when they have come, have been very misdirective at best. Rigged elections, talking about Boards of Trustees who are really at best business advisers, referring people to large piles of documents to answer basic questions, raising money at an ever greater clip, having various alts post in support, and especially decreasing the amount to be raised when trouble brews, are all the hallmarks of a con. The fact that you see this as "some things being said on here are a bit out of line" means you missed the very early parts of the discussion where simple, basic questions and criticms were all we are talking about. Your complete lack of research into this topic with the exception of browsing the last few posts is what makes you the best kind of investor for BSAC. People didn't start screaming ponzi until Block and Poison started acting like this was a ponzi. A very big ponzi. If the only thing that would make you believe that this is a con is for the first check to bounce, than just hang out for a while.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.21 17:07:00 - [28] Originally by: CRNA The funny part about your response, is you're misunderstanding my post. The people I was talking about as out of line was you. Oh I picked up on that. Originally by: CRNA you're just jumping to conclusions. Originally by: CRNA You seem to feel with tremendous self importance that just because you think something is a certain way, it must be correct. Originally by: CRNA You seem to have a pattern of making assumptions. You may write a lot of words, but you sure do repeat yourself a lot. Look, you're right, I don't have the BSAC super secret records. No one does who isn't already playing with a giant pile of money and asking for even more money. I still think that this is a ponzi. I'm open to someone showing me that I'm wrong.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.21 19:25:00 - [29] Originally by: CRNA I'd like to see more information provided here as well, that much we can agree. Lets just focus on this point and stop fighting.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.21 20:54:00 - [30] Originally by: Poison Cap ships will soon be ready to audit.Then we are going to work on a plan to make minmal audit able with out showing the strategy. Then an auditor will need to be found and paid for by my guess amarr155 I don't think anyone is questioning that you "have some isk", it's that you've raised 700b so far. Just because you stuff some cash into a ready made corp you have doesn't mean everything else is all hunky dory.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.21 22:47:00 - [31] Originally by: Block Ukx Post after post, Karland has shown that he is attempting to misinform the public. I would suggest researching Karland, and you may understand his obsession with labeling BSAC as ponzi scheme. He has been continuously trolling this thread seeking attention. I have no respect for his opinion and have already informed him that IÆm not interested in discussing anything with him. Please feel free to research me. Also, try to get my name right in the future. I'd love to know what you think my motivation is. (Hint: It starts with your own hypocrisy in another thread.)
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.22 03:57:00 - [32] Originally by: Block Ukx Let me be very clear as I don't want any more misinterpretations. It would be a current asset audit, where only total NAV be disclosed, nothing less, nothing more. So it would be his best estimation of the value of the corporation. If this accounting is done at arms length, and shows over 700 billion isk, I will withdraw my claim BSAC is a ponzi scheme.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.22 05:17:00 - [33] Originally by: Poison Originally by: Kalrand If this accounting is done at arms length, and shows over 700 billion isk, I will withdraw my claim BSAC is a ponzi scheme. So who do you have in mind? VV, raw, myself, corestwo, chribba, cosmoray. I'm open to ideas.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.01.22 16:38:00 - [34] Originally by: Block Ukx LE, you are simply lying to the public about our balance sheets, director roles, and the audit. But again, I donÆt expect anything else from you, but groundless attacks. Why do you keep picking a random critic to blame for these questions, when you could simply be answering them and shutting everyone up.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.02.08 02:55:00 - [35] Originally by: Block Ukx Important The in-game BSAC shares will no longer issue dividends. You must be return your BSAC shares to recieve your registered shares, or you will miss your dividend. Page 11 of this thread is definitely the best way to get in touch with your investors, especially when the penalty for not finding this notice is that you get to keep some of their money.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.02.08 04:46:00 - [36] Originally by: Block Ukx This notice has been posted in the title of this thread, in the opening post of this thread, in our January Financial Report, In our public website, in the BSACSE, in our in-game channel BSACPUBLIC channel, in the company description, and emailed to shareholders via a corporation vote. I'm assuming most of your shareholders that don't have their shares on your exchange don't follow you too closely. This would, by nature, mean this post, and your website. You can't tell me your in game channel is all that busy. The corporation vote is a decent avenue. But then again, you're doing something outside of your prospectus that changes the structure of their investment. That tends to not really be a good thing. Will you be tracking the dividends owed to the people who have yet to virtualize their shares? Or is that simply lost income to them?
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.02.21 03:01:00 - [37] Originally by: Block Ukx Please, don't forget to turn in your BSAC shares. Contact BSAC MMM for details. Hows that "Super Ultimate Transparency" thing your working on going?
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.02.21 09:04:00 - [38] Originally by: Poison I guess you must of missed the point that block was focusing on capital ships first before The mineral reserve. He is also not going to stop making isk for our current stock holders while getting it ready for an audit. But I am rather tired of this flame. I was just letting someone know that it is being worked on. But then most people here flame vs being constructive It's a waste of everyone's time for you to shuffle some of the investor's assets into a dummy corporation and that have that and only that looked at.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.02.22 22:39:00 - [39] Originally by: Poison Ok but you seem to forget.... You need to find an auditer any pay for one. In the mean time feel free to make yourself feel important and keep flaming. Thank you. I believe there have been several offers to pay people to do this.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.02.23 09:46:00 - [40] Originally by: Block Ukx The Capital Ships Fund (CSF), which was recently expanded, is part of BSAC. The role of the API Trustees is to overview the corporation data supplied in the website. The data posted in the website should be sufficinet for anyone to perform their own audit, or they can chose to pay for someone else to do the audit. This will become more clear once the system is in place. Will trustees have access to the API key used to generate this website data?
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.02.23 14:16:00 - [41] Originally by: Proton Power This is what the trustee's are for. To make sure the information on the website is correct and not misleading is the way I understand it. That's my understanding too, but I was hoping either Block or Poison would explicitly say something to that effect, since with the latest post it could be read that the trustees are incharge of looking at the website data and checking that it matches what Poison/Block says it should be, not what the API is.

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The BSAC Stock Exchange and All BSAC Stocks and Bonds Are Part Of A Ponzi Scheme.

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