There is a legally enforcable contract there, probably documented in PM's. A handshake constitute a contract as much as a telephone conversation.Ever occur to you that it could be you riding the bike that exacerbated the problem, or that you should have been more vigilante before handing over so much money? Or that you could have had a part in the issue?
Don't go pointing the finger until you know for certain, which as far as law goes, was way way off. I don't use the trading section, but the rules stipulated there are the only ones that count right now, legally you didnt have a personal contract so it's down the the rules of Farkin to determine the appropriate course of action, which if it does include legal reparations, shame.
Secondly, this is not a thread for you to disuss the issue as a third, non-interested party. This is for Mike&Nat to have the chance as senior members to defend against the many complaints we've had about their trading history.
Please don't take part in the conversation unless you have either sold or purchased from M&N.
That goes for everyone from here on in.