Bitcoin Forum

【UPDATE-2014/09/15】--------Arbitrage tool alpha testing(free trial) License Release. Memo:#262 (https://bitcointalk.org/index.php?topic=403674.msg8842333#msg8842333)
【UPDATE-2014/05/05】--------<Dividend Paid>Total dividend 5.976BTC. Memo:#169 (https://bitcointalk.org/index.php?topic=403674.msg6551078#msg6551078)
【UPDATE-2014/04/28】--------<Dividend Paid>Total dividend 16.29BTC. Memo:#163 (https://bitcointalk.org/index.php?topic=403674.msg6434342#msg6434342)
【UPDATE-2014/04/21】--------<Dividend Paid>Total dividend 16.88BTC. Memo:#103 (https://bitcointalk.org/index.php?topic=403674.msg6318815#msg6318815)
【UPDATE-2014/04/17】--------Please disclose your email before 2014/4/19 12:00(GMT+8), we will announce a new product. Memo:#91 (https://bitcointalk.org/index.php?topic=403674.msg6261244#msg6261244)
【UPDATE-2014/04/14】--------<Dividend Paid>Total dividend 16.77BTC. Memo:#89 (https://bitcointalk.org/index.php?topic=403674.msg6209201#msg6209201)
【UPDATE-2014/04/07】--------<Dividend Paid>Total dividend 16.59BTC. Memo:#86 (https://bitcointalk.org/index.php?topic=403674.msg6106071#msg6106071)
【UPDATE-2014/03/31】--------<Dividend Paid>Total dividend 16.06BTC. Memo:#85 (https://bitcointalk.org/index.php?topic=403674.msg5996977#msg5996977)
【UPDATE-2014/03/24】--------<Dividend Paid>Total dividend 15.68BTC. Memo:#83 (https://bitcointalk.org/index.php?topic=403674.msg5868692#msg5868692)
【UPDATE-2014/03/17】--------<Dividend Paid>Total dividend 14.592BTC. Memo:#79 (https://bitcointalk.org/index.php?topic=403674.msg5740809#msg5740809)
【UPDATE-2014/03/10】--------<Dividend Paid>Total dividend 14.136BTC. Memo:#78 (https://bitcointalk.org/index.php?topic=403674.msg5617960#msg5617960)
【UPDATE-2014/03/03】--------<Dividend Paid>Total dividend 14.016BTC. Memo:#76 (https://bitcointalk.org/index.php?topic=403674.msg5477513#msg5477513)
【UPDATE-2014/02/24】--------<Dividend Paid>Total dividend 13.47BTC. Memo:#71 (https://bitcointalk.org/index.php?
topic=403674.msg5331636#msg5331636)
【UPDATE-2014/02/17】--------The 5th round of 200000 shares will be released in 2014/2/17 16:00(GMT+8), and we will hedge the DOGE. Memo:#65 (https://bitcointalk.org/index.php?topic=403674.msg5193285#msg5193285)
【UPDATE-2014/02/17】--------<Dividend Paid>Total dividend 12.64BTC. Memo:#64 (https://bitcointalk.org/index.php?topic=403674.msg5193143#msg5193143)
【UPDATE-2014/02/12】--------<Dividend Paid>Total dividend 14.05BTC has been paid as plan on 2014/2/12 15:00(GMT+8). Memo:#59 (https://bitcointalk.org/index.php?topic=403674.msg5095035#msg5095035)
【UPDATE-2014/02/11】--------<Dividend Paid>Total dividend 14.05BTC.The last 100% of profit. Memo:#56 (https://bitcointalk.org/index.php?topic=403674.msg5070664#msg5070664)
【UPDATE-2014/02/07】--------<Dividend Paid>Total dividend 12.16BTC has been paid as plan on 2014/2/7 15:00(GMT+8). Memo:#50 (https://bitcointalk.org/index.php?topic=403674.msg4993774#msg4993774)
【UPDATE-2014/02/03】--------<Dividend Paid>Total dividend 12.16BTC.This week is still 100% of profit, not 80%. Memo:#40 (https://bitcointalk.org/index.php?topic=403674.msg4906849#msg4906849)
【UPDATE-2014/02/02】--------<Dividend Paid>Dividend payments announcement during the legal holiday. Memo:#38 (https://bitcointalk.org/index.php?topic=403674.msg4889010#msg4889010)
【UPDATE-2014/01/27】--------<Dividend Paid>Total dividend 14.79BTC.This week is still 100% of profit, not 80%. Memo:#34 (https://bitcointalk.org/index.php?topic=403674.msg4771035#msg4771035)
【UPDATE-2014/01/22】--------The 4th round of 200000 shares will be limited issued daily. Memo:#25 (https://bitcointalk.org/index.php?topic=403674.msg4656608#msg4656608)
【UPDATE-2014/01/21】--------The 3rd round of the 200000 shares have been released. Memo:#20 (https://bitcointalk.org/index.php?topic=403674.msg4623345#msg4623345)
【UPDATE-2014/01/20】--------<Dividend Paid>Total dividend 6.72BTC.This week is still 100% of profit, not 80%. Memo:#18 (https://bitcointalk.org/index.php?topic=403674.msg4615702#msg4615702)
【UPDATE-2014/01/17】--------The second round of the 200000 shares have been released.Memo:#11 (https://bitcointalk.org/index.php?topic=403674.msg4551901#msg4551901)
【UPDATE-2014/01/13】--------<Dividend Paid>This week is 100% profit, not 80%. Memo:#7 (https://bitcointalk.org/index.php?topic=403674.msg4480995#msg4480995)



   由于英文不是我们的母语，难免有翻译疏漏的地方，所以以下全部声明以中文版本为主，谢谢。   
   English is not our native language, maybe translate omissions inevitably, so all of the following statements to Chinese version shall prevail, thank you.

中文版
------------------------------------------------------------------------

【投资说明】
   这是一只用比特币发行的虚拟股票型基金，发行主体是注册于英属塞舌尔群岛的比特币投资担保有限公司，比特币投资担保有限公司是大连毅展科技的全资离岸子公司。   
   本次招募的资金主要用途是做比特币相关的对冲交易，我们通过在中国和其他国家的比特币交易所对BTC、LTC、XPM等加密型货币进行对冲交易，从而赚取比特币。   
   我们有一支经验丰富的比特币交易师团队，我们能够时时分析BTC、LTC、XPM的价格走势及波动情况。   
   同时，我们也开发了一套功能非常强大的、能够7*24小时自动运行的交易软件BtcAutoTrader，能够时时获取各个交易所的BTC、LTC、XPM的价格，然后自动计算出各个交易所的价格差，如果价格差高于我们的预期，它将自会动进行对冲交易。   
   http://v.youku.com/v_show/id_XNjQ3NzAwMjY0.html 是我们的自动化交易演示Demo。演示功能为：BtcAutoTrader在btc-e自动买入0.1个LTC，同时btctrade自动卖出0.1个LTC，该操作一共反复执行了3遍。   
   PS：由于是演示Demo，所以我们只以交易0.1LTC举例，并且为了让大家看清楚，我们把交易速度放慢了，实际速度比演示速度至少快2倍。

【投资策略】
   我们从2011年介入比特币开始，经过长期观察发现，中国比特币交易所价格和其他国家比特币交易所价格始终存在着一定的价格差。   
   例1：在btc-e的BTC价格为620美元时，btcchina的BTC价格已经达到5000人民币，即820美元；如果我们在btc-e以620美元买入1BTC的同时，我们在btcchina以820美元的价格卖出1BTC，我们的毛利润为200美元。      
   例2：在okcoin的LTC价格为165人民币时，btctrade的LTC价格已经达到175人民币，如果我们在okcoin以165人民币买入1个LTC，我们在btctrade以165人民币卖出1个LTC，我们的毛利润为10人民币。   
   例3：在btc-e的XPM价格为0.05比特币时，bter的XPM价格已经达到35人民币，如果我们在btc-e以0.05比特币买入1个XPM，我们在bter以35人民币卖出1个XPM，我们的毛利润为5人民币。   
   当然，如果我们仔细观察，两个中国比特币交易所或者两个国外比特币交易所也是经常会出现价格差的，并且在行情动荡的情况下，这种价格差会变得更大。   
   但是如果是人工交易的话，我们肯定不能非常及时的发现这种价格差并进行对冲交易，并且我们也无法预估什么时间会有行情动荡，所以，我们将利用BtcAutoTrader来时时监控各个交易所的价格，并自动完成对冲交易。每次当行情发生大幅波动的情况下，将是我们获得更大利润的机会。我们相信我们不会错过任何一次机会。   
   我们有多种对冲策略，中国与中国的交易所对冲、中国与国外的交易所对冲、国外与国外的交易所对冲，我们都将采用不同的对冲策略，以下是我们的策略举例。   
   【LTC对冲策略1】   
      Step0.我们将把不高于100个BTC兑换成LTC作为基础货币储备。
      Step1.BtcAutoTrader自动检测到btc-e的LTC价格低比okcoin低很多，并达到设定值。
      Step2.BtcAutoTrader在btc-e用BTC买入10个LTC。
      Step3.BtcAutoTrader在okcoin卖出10个LTC得到人民币。
      Step4.BtcAutoTrader在中国交易所把人民币全部兑换成BTC。
      PS:Step2、3、4同时完成。
   【XPM对冲策略1】   
      Step0.我们将把不高于100个BTC兑换成XPM作为基础货币储备。
      Step1.BtcAutoTrader自动检测到btc-e的XPM价格低于bter低很多，并达到设定值。
      Step2.BtcAutoTrader在btc-e用BTC买入10个XPM。
      Step3.BtcAutoTrader在bter卖出10个XPM得到人民币。
      Step4.BtcAutoTrader在中国交易所把人民币全部兑换成BTC。
      PS:Step2、3、4同时完成。

【运营策略】
   我们将采购足够多的高性能的电脑来保障我们的BtcAutoTrader能够7*24小时运行，并且每台机器只交易一种加密型货币，举例：   
   PC1：只进行LTC对冲交易。   
   PC2：只进行XPM对冲交易。   
   PC3：只进行BTC对冲交易。   
   PC4：只进行QRK对冲交易。   
   PC5：。。。

【BtcAutoTrader介绍】
   1.可以全天24小时无人职守并时时监控各个交易所的BTC、LTC、XPM、QRK等价格。   
   2.根据设置可以同时监控多个交易所，10个甚至更多。   
   3.可以设置对冲交易价格差，在达到价格差时发出警报。   
   4.可以自动判断各个交易所的买1数量和卖1数量，取相对较小的数量同时进行买入卖出，以保证能够全部成交。

【我们的优势】
   1.我们在中国与海外同时拥有人民币账户和美元账户，并拥有mtgox、bitstamp、btc-e、btcchina等交易所的已验证账户，确保在各个交易所的不同种货币（包括美元和人民币及比特币等）与资金流动顺畅没有问题。
   2.我们从2010年末之前一直从事股票、外汇、期货交易。从2011年开始接触比特币直到现在，我们拥有不断扩大的比特币交易师及支持团队，对比特币短期内的价格波动及长期走势有自己的见解。   
   3.我们拥有功能强大的自动化交易软件BtcAutoTrader可以7*24小时运行。   
   4.我们具备强大的后续研发能力。

【发行概况】
   基金类型：BTC对冲型   
   基金代码：AUTOTRADE   
   基金管理人：比特币投资担保有限公司
   上市日期：2014/1/7(GMT+8)   
   发行网址：https://cryptostocks.com/securities/74
   发行份数：1000000   
   发行价格：
      0.0006BTC/份(000001-200000)
      0.0007BTC/份(200001-400000)
      0.0008BTC/份(400001-600000)
      0.0009BTC/份(600001-800000)
      0.001BTC/份(800001-1000000)

【分红政策】
   我们净利润的20%将作为账户管理费，剩余80%全部用于分红，每份股份每次分红将获得80%利润的100万分之一。   
   我们将在北京时间(GMT+8)每周一下午15：00进行一次分红，遇到中国法定假日分红将顺延到下一个工作日的15：00。

【收益估算】
   【LTC对冲交易】
      我们每天可能对冲2000个LTC，假设每对冲一个LTC的净利润为0.0005BTC，每天的净利润为1BTC。
   【XPM对冲交易】
      我们每天可能对冲5000个XPM，假设每对冲一个XPM的净利润为0.0004BTC，每天的净利润为2BTC。
      每份每周的分红收益为(1+2)*7*0.8/1000000=0.0000168BTC。
      每份每年的分红收益为(1+2)*365*0.8/1000000=0.000876BTC。
      年化收益率为0.000876/0.0006=146%(最低价买入)
      年化收益率为0.000876/0.001=87.6%(最高价买入)
   后期我们将根据市场行情选择更多的加密型货币进行对冲交易。另外，我们也将不断优化我们的AutoTrader，让它能够逐步提高效率。

【认购方式】
   我们建议您通过cryptostocks.com直接认购我们的基金。   
   如您所在区域无法访问cryptostocks.com或其它原因，您也可以线下发送邮件给我们，告知您要认购的数量，并把相关费用通过BTC钱包转账给我们，我们将在该网站上为您代持有，并通过线下转账的方式为您分红。   
   由于线下认购及分红流程比较复杂，需要人工一个一个处理，所以线下认购我们只接受大于1000股，并且是100份的整数倍的认购。

【大额认购折扣】
   如一次性认购达到以下数量我们将给予一定的折扣优惠并额外赠送一些股份，折扣部分请您发送邮件向我们索取。   
   5000份或以上享受9.8折优惠，并额外赠送100份。   
   10000份或以上享受9.5折优惠，并额外赠送200份。      
   50000份或以上享受9折优惠，并额外赠送1000份。

【风险提示】
   上述的收益展望是我们在不同的时间段抽样得到的BTC、LTC、XPM价格差数据。   
   由于比特币价格波动幅度大、中国和其他交易所的价格差也是时时变化的，所以我们不保证将来的收益率100%达成预测效果。

Q：“比特币投资担保有限公司”是一家什么样的公司？         
A：“比特币投资担保有限公司”是由中国的"大连毅展科技有限公司"创办的离岸子公司，注册于英属塞舌尔群岛，主要经营比特币投资相关的业务。            
Q：我们为什么相信你？         
A：我们是一家注册在中国境内并合法经营的公司，之所以选择用我们的离岸子公司来发行BTC基金，是因为中国尚无关于比特币的法律规定。如果有一天中国政府立法承认比特币的合法性，我们愿意把我们的业务扩展到我们的母公司。            
Q：你们的基金管理团队是如何运作的？         
A：我们的团队由8人组成，总负责1人，操盘手4人，软件开发2人，日常事物处理1人，每天都有3个操盘手3*8小时轮流值班监视BtcAutoTrader的运行情况，第4个操盘手轮休。         
Q：你们与传统基金的区别是什么？         
A：其实我们的基金更像是一支股票，因为它允许用户与用户之间进行基金买卖，另外，我们每个星期分红不会累加到基金的价格上，而是派发到用户的账户中。         
Q：不同交易所之间的价格差会一直存在么？         
A：这一点我们不敢保证，但是至少我们发现行情有大变化的时候各个交易所的价格变化速度是不一样的，这对我们来说是非常好的机会。         
Q：你们会交易哪种加密型货币？         
A：BTC、LTC、XPM、QRK等都是我们交易的对象。            
Q：为什么选择交易BTC、LTC、XPM、QRK？         
A：我们选择交易BTC、LTC、XPM、QRK是因为它们在国内外都有多个交易所挂盘，价格差可能会略大一些。

Englist version
------------------------------------------------------------------------

【Investment statement】   
   This stock fund listed in BitCoin will be issued, issuer is the "BITCOIN INVESTMENT GUARANTEE LIMITED" company which is registered in the British seychelles,
and"BITCOIN INVESTMENT GUARANTEE LIMITED" is the wholly-owned subsidiary offshore of Dalian Ejustech Technology Co.,Ltd..   
   The purpose of the money recruiting is to do hedging related to BitCoin,
through the Currency exchange in China and other countries, do the hedging with BTC, LTC, XPM (Crypto-Currency) to earn for the BitCoins.
   We have a team of experienced BitCoin traders can analysis BTC, LTC, XPM prices and volatility.   
   In the meanwhile, we have developed a professional BitCoin trading software (named BtcAutoTrader), it can provide 7 * 24 hours running automatically, get the price differential of the BitCoin and LTC and XPM in different platform, then it will move to hedge transactions.
   http://v.youku.com/v_show/id_XNjQ3NzAwMjY0.html is the automated trade demo, for automated buying 0.1LTC in btc-e, and automatic sale 0.1LTC in btctrade  at the same time. This action executed repeatedly for three times in total in the video.
   PS: We just show the LTC trading with the automation trading tool, and put slow down the speed of the execution in the demo for showing clearly, the actual execution speed is faster than demonstration speed at least 2 times.

【Investment strategy】   
We start from 2011 intervene in the BitCoin market, after long-term observation found that there always exist certain difference between China's BitCoin exchange market and other countries.
   Example 1: When the price of BitCoin in btc-e is $620, it was 5000CNY ($820) in btcchina. Then we could bought 1BTC with $620 in btc-e, and sold 1BTC in the $820 price in btcchina, the profit was $200.
   Example 2: When the price of LTC in OKCoin is 165CNY, it was 175CNY in btctrade. Then we could bought 1LTC with 165CNY in OKCoin, and sold 1LTC in the 175CNY price in btctrade, the profit was 10CNY
   Example 3: When the price of XPM in btc-e is 0.05BTC, it was 35CNY in bter. Then we could bought 1XPM with 0.05BTC in btc-e, and sold it in the 35CNY price in bter, the profit was 5CNY.
Through the observation and investigation, the price of the BTC or other virtual currency always is different in two BitCoin exchange platform in China or other countries, and it will be bigger in the market shocks.
   Due to hard to timely found the price difference and hedging transactions, we used BtcAutoTrader to monitoring the price in different platform over the world and hedging automatically to gain profit in the market shocks in order to prevent missed opportunities
   We have many kinds of hedging strategy. China with China's exchange hedge, China and foreign exchange hedge, foreign and foreign exchange hedge, we will adopt different hedging strategy, the following is strategy example.
   【LTC hedging strategy1】   
      Step0. We will exchange less than 100 BTC to LTC as the base currency reserves.
      Step1.BtcAutoTrader automatically detected the price of LTC is lower in btc-e than okcoin and reach the set value.
      Step2.BtcAutoTrader buy 10LTC with BTC in btc-e.
      Step3. BtcAutoTrader sell 10LTC in okcoin to get the CNY.
      Step4. BtcAutoTrader exchange all the RMB into BTC in China .
      PS:Step2、3、4 complete at the same time.
   【XPM hedging strategy1】   
      Step0. We will exchange less than 100 BTC to XPM as the base currency reserves.
      Step1. BtcAutoTrader automatically detected the price of XPM is lower in btc-e than bter and reach the set value.
      Step2. BtcAutoTrader buy 10XPM with BTC in btc-e.
      Step3. BtcAutoTrader sell 10XPM in bter to get the CNY.
      Step4. BtcAutoTrader exchange all the CNY into BTC in China.
      PS:Step2、3、4 complete at the same time.
      
【Operation strategy】
   We will buy enough of the high performance computer to ensure our BtcAutoTrader to 7 * 24 hours running, and each machine trading only one type of Crypto-Currency.For example：
   PC1：Only LTC hedging.      
   PC2：Only XPM hedging.
   PC3：Only BTC hedging.      
   PC4：Only QRK hedging.   
   PC5：…

【Overview of BtcAutoTrader】   
   1. Can be 24 hours a day for unmanned their duties and constantly monitor the  price of the BTC,LTC,XPM in different exchange.      
   2. According to the set can monitor multiple exchanges at the same time, 10 or more.      
   3. Can set the hedging price differential, alert when reach the set value.      
   4. Automatically monitor the pending order in the exchange and buy or sell less quantity than the order to ensure the deal finished.

【Advantage】
   1. We have RMB and USD accounts in China and overseas，we also own verified accounts in  different exchanges (mtgox、bitstamp、btc-e、btcchina, etc.), ensure that the different kinds of currencies in the exchanges was smooth circulation.
   2. From the end of 2010, we have been engaged in stock, foreign exchange, futures trading, virtual currency exchange. Since 2011 until now, we continuously expand the team includes traders and analysts and support team, have strong ability and experiences in BitCoin market.
   3.We applied powerful automated trading software can be 7*24 hours running.       
   4.We have professional team for researching and developing.

【Issuance situation】
   Fund Type：BTC Hedging    
   Fund Code：AUTOTRADE      
   Foud Manager：BITCOIN INVESTMENT GUARANTEE LIMITED
   Listed on：2014/1/7(GMT+8)   
   Issuance Website：https://cryptostocks.com/securities/74   
   Issuance：1000000         
   issue：
      0.0006BTC/Share(000001-200000)
      0.0007BTC/Share(200001-400000)
      0.0008BTC/Share(400001-600000)
      0.0009BTC/Share(600001-800000)
      0.001BTC/Share(800001-1000000)

【Dividend policy】   
   20% of profit will be the account management fees, all the remaining 80% is used to share out bonus, each fund will be share one over one million of 80% of profits.
   Shared out bonus at 15:00 (GMT+8) in every Monday, if the day is China legal holiday will postpone to the next working day.

【Income estimation】
   【LTC hedging】
      We will hedge 2000 LTC everyday, assuming a net profit of each hedge is 0.0005 BTC, the net margin is 1BTC
   【XPM hedging】
      We will hedge 5000XPM everyday, assuming a net profit of each hedge is 0.0004 BTC, the net margin is 2BTC.
      Each dividend of each week is (1+2)*7*0.8/1000000=0.0000168BTC.
      Each dividend of each year is (1+2)*365*0.8/1000000=0.000876BTC。
      Annual return is 0.000876/0.0006=146%(lowest price to buy)
      Annual return is 0.000876/0.001=87.6%(highest price to buy)
   We will hedge more Crypto-Currency type according to the market condition in the future, and the AutoTrader will be optimal to raise efficiency.

【Subscription】
   We recommend that you subscribe our fund directly by cryptostocks.com.      
   If you cannot access cryptostocks.com or other reasons, you can also send email to us, inform us the quantity that you want to subscribe, in the meantime you need transfer the relevant expenses to us by BTC Wallet, we will hold it for you in the website, and through the way of offline transfer of share out bonus for you.
   Due to the offline subscription and dividend process is complicated, need manual to deal one by one, so we only accept at least 1000 shares for offline subscription, and is 100 integer times subscribed.

【Large subscription discount】
   Such as one-off subscribe to the following quantity, we will offer certain discount and give some additional shares discount, please send email to us      
   5000 or more to enjoy 9.8 discount and extra award 100.   
   10000 or more to enjoy 9.5 discount and extra award 200.   
   50000 or more to enjoy 9.0 discount and extra award 1000.

【Risk tip】
   The earnings outlook is derived from sampling in different time period of the BTC, LTC, XPM exchange.      
   Because the currency price volatility big, the price differential between China and other exchanges also is constantly changing, so we do not guarantee that future yield reached 100% prediction effect.
      
Q：What kind of company the “BITCOIN INVESTMENT GUARANTEE LIMITED” is?            
A：“BITCOIN INVESTMENT GUARANTEE LIMITED” which is registered in the British seychelles, and "BITCOIN INVESTMENT GUARANTEE LIMITED" is the wholly-owned subsidiary offshore of Dalian Ejustech Technology Co.,Ltd..
Q：Why do we trust you？         
A：We are a registered and operating legally within the territory of China company, chose to use our offshore subsidiaries to issue BTC fund, because there is no legal provisions about the currency in China. If one day the Chinese government legislation admit the legality of the currency, we are willing to put our business expanded to our parent company.
Q: How is your fund management team?            
A：Our team is made up of eight people, leader 1 person, traders 4 people, technology engineer 2 people, support 1 person, there are three traders 3 * 8 hours on duty by turns the operation situation of monitoring BtcAutoTrader.
Q: What is the difference between you and traditional fund?         
A: in fact, our fund is more like A stock, because it allows users to trades between the user and funds, in addition, the share out bonus of every week will not accumulation to the price of the fund, it is distributed to the user's account.
Q: Is the price differential between different exchange will always exist?            
A：We can't guarantee it, But at least the market big changes, the exchange of price change is not the same, this is a very good chance for us.      
Q：Which kinds of Crypto-Currency you hedge?            
A：BTC、LTC、XPM、QRK and so on are all trading objects.         
Q：Why do you choose BTC、LTC、XPM、QRK to hedging?            
A：We choose BTC, LTC, XPM, QRK, because all of them could be traded in multiple exchanges and price difference may be slightly larger.


【分红一览/Dividend List】
================================================================================
日期/Date        股份数目/Number of shares        股息总额/Total dividend        每股股息/Dividend per share  
2014/05/05          903018                                5.977979160BTC                 0.00000662BTC
2014/04/28          1000000                              16.29000000BTC                 0.00001629BTC
2014/04/21          1000000                              16.88000000BTC                 0.00001688BTC
2014/04/14          981292                                16.77028028BTC                 0.00001709BTC
2014/04/07          964412                                16.59753052BTC                 0.00001721BTC
2014/03/31          945463                                16.06341637BTC                 0.00001699BTC
2014/03/24          919728                                15.68136240BTC                 0.00001705BTC
2014/03/17          901539                                14.59591641BTC                 0.00001619BTC
2014/03/10          885800                                14.13736800BTC                 0.00001596BTC
2014/03/03          867397                                14.01713552BTC                 0.00001616BTC
2014/02/24          841620                                13.47433620BTC                 0.00001601BTC
2014/02/17          799999                                12.63998420BTC                 0.00001580BTC
2014/02/12          799999                                14.04798244BTC                 0.00001756BTC
2014/02/07          800000                                12.16000000BTC                 0.00001520BTC
2014/01/27          749018                                14.79310550BTC                 0.00001975BTC
2014/01/20          357632                                6.719905280BTC                 0.00001879BTC
2014/01/13          057066                                1.039742520BTC                 0.00001822BTC
================================================================================

Without commenting on the rest of the message, I'd just want to tell you that the English term for what you're describing is "arbitrage", not "hedging".

Didn't we just go through this with that one listed on Cryptostocks?

Thank you very much for your reply, I know that arbitrage funds belongs to a kind of hedge funds.
Our initial indeed is given priority to with arbitrage, but does not rule out other hedge technique in the future. :)

I'm sorry, I don't know whether understand your meaning, we are currently only listed on Cryptostocks.
If I understand wrong, welcome to complement the problem.

因为已经有一些朋友购买了我们的基金，所以我们已经开始用BtcAutoTrader进行交易，我们正在交易LTC。我们将在2014/1/13(GMT+8)进行第一次分红。
There are some people who have bought our fund, so we have launched the BtcAutoTrader to trading. Now we are trading LTC. The first-ever dividend will be issued in 2014/1/13(GMT+8)

<Dividend Paid>This week is 100% of profit, not 80%.

我们非常高兴到现在为止已经募集到35个左右BTC了。
但是这仍然不足以保证我们的BtcAutoTrader能够7*24小时持续交易，所以我们用公司的储备资金追加了50个BTC进行交易。
交易时间：2014/1/7-2014/1/12(GMT+8)
交易货币：LTC
交易数量：3781*2=7562LTC
合计利润：2.52BTC
基金利润：2.52 * 35/(35+50) = 1.04BTC
分红政策：我们决定基金成立的第一个月利润100%分配给股东，而不只是80%。
分红总额：1.04BTC
周期评价：收益率高于预期

There 35 BTC have been raised so far that we are thrilled about.
This is not enough to keep the "BtcAutoTrader" continued trading in 7*24hours, therefore we have to used 50BTC from the company reserve fund as additional to the trading.
Transaction time : 2014/1/7-2014/1/12(GMT+8)
Currencies : LTC
Volume : 3781*2=7562LTC
Total profits : 2.52BTC
Fund profits : 2.52 * 35/(35+50) = 1.04BTC
Dividend policy : We decided to put the 100% profit of the fund to shareholders in the first month, instead of just 80%.
Totol dividends : 1.04BTC
Assessment : Higher than expect earning

First dividend paid out as expected, looks like a decent enterprise. Will there be additional shares released as each 200,000 share block is eaten up?

Your shilling is pretty weak.

See here (https://bitcointalk.org/index.php?topic=124441.0), OP.

Could you please share us your BTC and LTC wallets.

The second round of the 200000 shares have been released

亲爱的股东们，
在不到两周的时间里，第一轮200000股即将售罄，第二轮200000股已经正式发行，0.0007BTC每股。
非常感谢大家的支持与信任，我们会努力做到更好。

Dear shareholders,
In less than two weeks, the first round of 200000 shares will be sold out, the second round of the 200000 shares have been released, 0.0007BTC per share.
Thank you for the support and trust, we will try to be better.

Best regards.
BtcAutoTrader Team

Thank you very much, hope you will continue to focus on us.

I'm very sorry, we talked about it, although we don't mind if you want to see our BTC and LTC wallets,
but we can't do that,our competitors will find we are trading in which exchange.This is a risk for us.

Not convincing at all.
Without disclosing your wallet address, no one could really know how well you did.

I understand your idea, but doing so will give us the potential risks, so we can't share our online wallet, very sorry.
Our offline wallet only QRK, It is also our future to consider the transaction object, we are willing to share it.
If you want to see, you can send email to us, we are very glad to send you. :)

亲爱的股东，
本周没有法定假日，股息将于2014/1/20 15:00(GMT+8)按时支付。

Dear shareholders,
there was no legal holiday in this week in China, the dividend will be paid as planned on 2014/1/20 15:00(GMT+8)
This week is still 100% of profit, not 80%.

Best regards.
BtcAutoTrader Team

I have to say if this is a *scam it's truly amazing how much money this puppy has generated in just the past couple of weeks. Will be keeping a close eye on this one :)

*truly hoping it isn't ;)

**Latest dividend payout wasn't to shabby imho either

<Dividend Paid>Total dividend 6.72BTC.This week is still 100% of profit, not 80%.

交易时间：2014/1/13-2014/1/19(GMT+8)
交易货币：LTC、XPM
合计利润：6.72BTC
分红政策：我们决定基金成立的第一个月利润100%分配给股东，而不只是80%。
分红总额：6.72BTC
周期评价：收益率高于预期

Transaction time : 2014/1/13-2014/1/19(GMT+8)
Currencies : LTC、XPM
Total profits : 6.72BTC
Dividend policy : We decided to put the 100% profit of the fund to shareholders in the first month, instead of just 80%.
Totol dividends : 6.72BTC
Assessment : Higher than expect earning

Best regards
BtcAutoTrader Team

Thank you raising your concerns, absolutely the ROI is true, and you can find that the price of the BTC&LTC is different in different trading site.
Hope we can make it better, thank you, have a nice day！

The 3rd round of the 200000 shares have been released.

亲爱的股东们，
第二轮200000股已经在四天内售罄，第三轮200000股正式发行，0.0008BTC每股。
非常感谢大家的支持与信任，我们会努力做到更好。

Dear shareholders,
The 2nd round of 200000 shares has been sold out in four days,the 3rd round of the 200000 shares have been released, 0.0008BTC per share.
Thank you very much for your support and trust, we will try to be better.

Best regards
BtcAutoTrader Team

Love this security, keep up the good work Bentleysui.

Took a chance and bought some shares. I always wanted to do arbitrage myself but the barriers of entry to it are difficult. So they do the heavy lifting and we will see what happens.

Ummm. Where in the heck are all these shares going I wonder?!

-I sense a disturbance in the force!

*PS, might wanna update your [dividends-list] in the OP ;)

**Ummm...aren't we forgetting something?

Follow

The 4th round of 200000 shares will be limited issued daily

亲爱的投资者们，
我们非常高兴的看到"AUTOTRADE"最近时间已经得到了很多人的认可，同时，我们的自动化对冲交易结果实现了当初的承诺，对此，非常感谢大家的支持！
但是目前有一个新的挑战摆在我们的面前，当然，这也是一个幸福的烦恼：为了控制对冲交易风险，每天LTC&XPM的交易量是经过计算限量的，而由于基金认购速度太快(第三轮200000份仅一天就全部售罄)，盲目的兑换大量LTC&XPM还可能带来潜在的风险。
所以经过对现有市场行情的分析，我们决定优先保证现有股东们的投资回报率，对第四轮200000股进行每天限量发行，具体限购细则如下：
1.每天最多发行50000股。
2.每天13:00(GMT+8)后发行。
3.如第一天的发行的股份没有全部售罄，第二天将不再继续发行。
4.每股发行价0.0009BTC。
望广大投资者周知，给您带来的不便敬请谅解。

Dear investors,
It is exhilaratingly to inform that the "AUTOTRADE" has been accredited by more investors and the public, in the meantime, the original profit goals of the automation hedging was finished successfully, and also, thanks for the support from all of you!
There is a new challenge now for us, and it is also a good problem: in order to keep the hedging risk in control, the LTC&XPM trading volume is limited with analysis, but the fund subscription was too fast (the 3rd round of 200000 shares were sold out in a day), rushed to exchange LTC&XPM would increase the risk for hedging.
According to the investigation and analysis in market condition, for ensure the ROI of current shareholders, the 4th round of 200000 shares will be limited issued daily, specific as follows:
1.At most 50000 shares will be issued per day.
2.Issue begins at 13:00(GMT+8).
3.If the issued shares has not been sold out in one day, will not increase issue shares in the next day.
4.0.0009BTC per share.
Given this, we regret any inconvenience this may cause you.

Best regards
BtcAutoTrader Team

Interesting. Doesn't exactly sound like the plan of somebody trying to jack a bunch of BTC and make for the hills. Going to be keeping an eye on this one!

True enough. I'm already happy with it, I hope to see many more happy dividends.

Hi, I am the member of the BtcAutoTrader Team, thanks for your support and will make us better.

Now the automation trading running smoothly, due to more and more investor join this, the fund gets biger, we need to ensure the ROI of investors and the security is very important.

Make "AUTOTRADE“ heallthy development, we are trying to ensure everyone' s interests.

this looks interesting.
I also got a few shares, hopefully this will go along great.

best of luck y'all.

Thank you raising your concerns, this is our fault, dividends-list has been updated, if there is any issue, please tell us to make that better.

As soon as I get the necessary confirms, I am purchasing 0.1BTC worth of shares.  I hope this security demonstrates legitimacy and trustworthiness over the upcoming months, if that is the case I plan on placing a moderate investment with AUTOTRADE.  I love the concept, in fact, it is my dream of what a bitcoin security created by me would be like.  I just hope everything is on the up and up, I will be very disappointed if this consumes itself or goes scam.

<Dividend Paid>Total dividend 14.79BTC.This week is still 100% of profit, not 80%.

亲爱的股东，
有一个好消息，本周LTC、XPM价格波动幅度较大，而BtcAutoTrader抓住了这个机会，对我们团队来说这是非常棒的一周。
交易时间：2014/1/20-2014/1/26(GMT+8)
交易货币：LTC、XPM
合计利润：14.79BTC
分红政策：我们决定基金成立的第一个月利润100%分配给股东，而不只是80%。
分红总额：14.79BTC
周期评价：收益率高于预期

Dear shareholders,
There is a good news,the price volatility of LTC and XPM is larger, BtcAutoTrader grabbed it, it is a amazing week for us.
Transaction time : 2014/1/20-2014/1/26(GMT+8)
Currencies : LTC、XPM
Total profits : 14.79BTC
Dividend policy : We decided to put the 100% profit of the fund to shareholders in the first month, instead of just 80%.
Totol dividends : 14.79BTC
Assessment : Higher than expect earning

Best regards
BtcAutoTrader Team

We believe that there is a great opportunity and future in the BTC related business, let 's make this better.

Happy Chinese New Year!

亲爱的投资者，
2014年1月31日是中国人最重要的传统节日：中国年。
在这个最重要的日子里，BtcAutoTrader Team给您拜年了。
感谢您的支持，感谢您的信任，感谢你们成为我们的股东。
蛇年我们交出了一份让自己满意的成绩单，马年我们希望交出一份让你们满意的成绩单，请大家继续关注我们。
最后，用最近在中国非常流行的一句话祝大家“马上有钱！”

Dear investors,
Jan 31st 2014 is the most important festival in China：Chinese new year(spring festival).
At this moment, BtcAutoTrader team give the best wishes to you!
Thank you for your support, thank you for your trust, and particularly thank you to be [AUTOTRADE] shareholders.
We have made a good achievements from the [AUTOTRADE] issuance in year of the snake(One of the China years), hope we can make it better in year of the horse(One of the China years), we need you to continue to support us, let 's make the [AUTOTRADE] get better.
In the end, wish everybody become more rich and healthy in year of the horse!
And you can said this blessing in Chinese "马上有钱！" to others, the words of Chiese means "money on horseback!", lol，just kidding, it is chinglish, right means "immediately become rich!"

Happy New Year! Will the BTCAutoTrade team be taking a break for the holiday? And if so, how will that effect dividends! Thanks in advance.

<Dividend Paid>Dividend payments announcement during the legal holiday.

亲爱的股东，
由于本周有中国的法定假日，我们公司只有操盘手在远程监控BtcAutoTrader的运行情况。
为了保证资金安全，我们每一笔比特币的支取都是需要经过财务审核，再经过项目经理人工签字审批才可以支付的，
所以本周股息支付和第5轮200000股发行日期将适当调整，具体调整如下：
1.2014/2/3公布2014/1/27-2014/2/2期间股息总额。
2.2014/2/7支付2014/1/27-2014/2/2期间股息。
3.2014/2/11公布2014/2/3-2014/2/9期间股息总额。
4.2014/2/12支付2014/2/3-2014/2/9期间股息。
5.未避免公布股息后可能出现的第5轮200000股被抢购而稀释原股东收益情况，股息支付前第5轮200000股将暂停发行。
以上调整给您带来的不便敬请谅解。

Dear shareholders,
This week is the legal holiday, so there only traders in remote monitoring BtcAutotrader operation.
For the fund security, each of the currency withdrawal is need to pass the financial audit and project manger approved.
Therefore, the dividend payments and the 5th round 200000 shares issuing date are adjusted as the following:
1.The total dividends during 2014/1/27-2014/2/2 will be published in 2014/2/3.
2.The dividends during 2014/1/27-2014/2/2 will be paid in 2014/2/7.
3.The total dividends during 2014/2/3-2014/2/9 will be published in 2014/2/11.
4.The dividends during 2014/2/3-2014/2/9 will be paid in 2014/2/12.
5.For prevent the ROI being diluted after the total dividends were published, the 5th round 200000 shares issuance will be suspended before the dividend payments.
We regret any inconvenience this may cause you.

Best regards
BtcAutoTrader Team

Dear shareholders,
This week is the legal holiday, so there only traders in remote monitoring BtcAutotrader operation.
For the fund security, each of the currency withdrawal is need to pass the financial audit and project manger approved.
Therefore, the dividend payments and the 5th round 200000 shares issuing date are adjusted as the following:
1.The total dividends during 2014/1/27-2014/2/2 will be published in 2014/2/3.
2.The dividends during 2014/1/27-2014/2/2 will be paid in 2014/2/7.
3.The total dividends during 2014/2/3-2014/2/9 will be published in 2014/2/11.
4.The dividends during 2014/2/3-2014/2/9 will be paid in 2014/2/12.
5.For prevent the ROI being diluted after the total dividends were published, the 5th round 200000 shares issuance will be suspended before the dividend payments.
We regret any inconvenience this may cause you.

Best regards
BtcAutoTrader Team

<Dividend Paid>Total dividend 12.16BTC.This week is still 100% of profit, not 80%.

交易时间：2014/1/27-2014/2/2(GMT+8)
交易货币：LTC、XPM
合计利润：12.16BTC
分红政策：我们决定基金成立的第一个月利润100%分配给股东，而不只是80%。
分红总额：12.16BTC
周期评价：收益率高于预期
支付日期：2014/2/7

Transaction time : 2014/1/27-2014/2/2(GMT+8)
Currencies : LTC、XPM
Total profits : 12.16BTC
Dividend policy : We decided to put the 100% profit of the fund to shareholders in the first month, instead of just 80%.
Totol dividends : 12.16BTC
Assessment : Higher than expect earning
Payment Date ：2014/2/7

<Dividend Paid>Dividend payments announcement during the legal holiday.
https://www.cryptostocks.com/announcements/630

Best regards
BtcAutoTrader Team

Thanks for the update sir

I would very much like to invest more money with you guys.  Are you confident about the long term usability of your RMB bank account for these purposes?

I hate to point out the obvious here. Without BtcAutotrader disclosing its wallet address there is no way in knowing whether they aren't just paying dividends straight out of other peoples investments (that's what I would do). With the amount of capital raised they could keep doing this for the foreseeable future and still make a nice early retirement.

...and?

And the whole thing could be a big Ponzi-scheme and noone would know until it blows up. There is no evidence of actual trading being done to fund dividends instead of dividends being paid out with investor money.

Well yeah.  This is Bitcoin Securities, Ponzis are the pinnacle of excellence here.  That means the issuer will give back a portion of your coin before pulling a runner.

We understand your misgivings, the BTC is a emerging business in these years, the government regulation, the trade security, and unpredictable market, everything is different from the traditional financial.
For interest, we set up the team, and had made a good effort, use our professional experience, made this BtcAutoTrader.
We also want to make this more transparent, and we will and must make it transparent in the future, but due to real-time and hedge strategy, and as you know the most BTC of the 'AUTOTRADE' is exist in the wallet of the trading website, so we cannot show you that at least now or we have a more secure strategy.
So that is why we hope this business could be admited by government and could be regulated.
Anyhow, thank you for your concerns and please trust us, we want to do this as a career, not as a thing, thank you, again.

Guys, really. The fact that I can't any info on the company could well be due to it being Chinese. Their website however shows a header advertising that the website was made using 'freewebsitetemplates.com'
(http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=www.ejustech.com)  wait for the photo...

You'd expect an 8 man tech start-up to at least be able to produce a proper website? Somebody please do the obvious dox on http://whois.domaintools.com/ejustech.com

The Seychelles Limiteds, if real in the first place (google says no, but then again Seychelles Limiteds are known to be elusive), can be purchased online (fully managed, including a friggin telephone chick if needed) for 500-3000$.

Now these people have created a magic money making machine you can be part of! 90% annual returns! Results better than expected! Too bad you can't check because we can't disclose wallet info....

I call Ponzi. And I would challenge anyone in the room to prove to me that this is not. If you manage to do so I will publicly apologize and invest myself.

Your dividends are being paid with other peoples investments. Get out while you still can.

Mrrr.

1DeADSSzC4pucosNA3Kw32MP77aSKs1Gvp : for those who would like to thank me for bailing them out of this relatively well executed Ponzi scheme.

Hello,
Thanks for your concerns, here are some explanations for your questions:
1.Our website was not made using 'freewebsitetemplates.com', using 'phpweb'. I admit that we do not have enough energy when we are developing the website, because at the early stage of the share issue, there were a lot of work so that we have to work a lot of overtime for prepare work, we put the main efforts in the analysis of simulated trading hedge funds and improve the stability of BtcAutoTrader, while ignoring the importance of website building.
But it doesn't mean we are cheater, if we are cheaters, we can make a more beautiful website to cheat. Off course, your advice is very important, we will improve our website as soon as possible to give investors better experience.
2.As you see, the domain 'ejustech.com' was registered in 2011/11/14, the contact name is 'bentleysui', and our ID in 'bitcointalk' also is 'bentleysui', if we are cheaters, the first thing we should learn to hide our identity, isn't it?
3.We have explained that why we registered in Seychelles in the early, there is a very improtmant reason, the company registered in Seychelles can be listed in USA if it have a good development.
4.If you do not think that we can made such a high profit, we suggest that you can try to do the hedge trading in the related platform in real or virtual. You can pay more attention to the chat channels of the trading platform, those manual arbitrage trders, the income of each month is also good.

Cheaters never said they were cheaters, we won' t entangled this issue too much, but we will give the feedback as possible if there is any question.
You can continue monitor us if you do not trust us, we believe that time will show.

Best regards
BtcAutoTrader Team

<Dividend Paid>Total dividend 12.16BTC has been paid as plan on 2014/2/7 15:00(GMT+8)

https://www.cryptostocks.com/announcements/630
https://www.cryptostocks.com/announcements/641

No. If you were cheaters, what you'd do is ignore your instructions to


which is, of course, precisely what you've done. Whether your particular route is incompetence or ill intention matters little. And pretending you can sidestep your duties because "bitcoin is new" is one of the oldest and most played-out excuses around.

You can extend it to the world economy. It is not sustainable and build to fail. It only work thanks to new comers entering the ponzi game and exponentially growing dept + infinite FIAT.

Sure.  The universe itself is built to fail -- see entropy.  The difference is with Bitcoin Securities, the timeframe is so laughably small.

Yes but the profit is laughably much much higher. So the result is the same : a crash and huge wealth disparities.

Not sure i understand.  If you invested in a basket of Bitcoin securities, you've lost money.  If you invested in a basket of fiat securities, you made money.
Sure, both Bitcoin and fiat are anti-egalitarian, old saws like "it takes money to make money" hold for both.
Wealth disparity is the natural outcome of any enterprize where the objective is ... becoming wealthy.  Seems self-evident  :D

<Dividend Paid>Total dividend 14.05BTC.The last 100% of profit.

交易时间：2014/2/3-2014/2/9(GMT+8)
交易货币：LTC、XPM
合计利润：14.05BTC
分红政策：我们决定基金成立的第一个月利润100%分配给股东，而不只是80%。
分红总额：14.05BTC
周期评价：收益率高于预期
支付日期：2014/2/12 15:00(GMT+8)

Transaction time : 2014/2/3-2014/2/9(GMT+8)
Currencies : LTC、XPM
Total profits : 14.05BTC
Dividend policy : We decided to put the 100% profit of the fund to shareholders in the first month, instead of just 80%.
Totol dividends : 14.05BTC
Assessment : Higher than expect earning
Payment Date ：2014/2/12 15:00(GMT+8)

PS:
Dividend Paid>Dividend payments announcement during the legal holiday.
https://www.cryptostocks.com/announcements/630

Best regards
BtcAutoTrader Team

FIAT is not money (or at least not for long). Bitcoin is.


I agree with that.

Do you mean that you want to invest this fund or our business? If there was any iussue or advice, you can mail to us.

<Dividend Paid>Total dividend 14.05BTC has been paid as plan on 2014/2/12 15:00(GMT+8)

https://www.cryptostocks.com/announcements/630
https://www.cryptostocks.com/announcements/700

Besides,There only the dollar and euro international currency can be reserved in our offshore bank account, RMB cannot be reserved, so that we will operate that as following:
1.We will change the profits of RMB into BTC after trading. (Reference:【Description】-【Investment strategy】-【LTC hedging strategy1】 )
2.The profits of RMB will not be withdrawn, will be into BTC, LTC or other Crypto-Currency at the right time.
3.If necessary, Alipay and Tenpay are also our reserve platform.
Therefore, the RMB bank account is not a problem.

I was inquiring about the fund. At that point in time, I was unsure about what the regulatory environment in your country meant for the future of this security.  Thank you for the clarification.

Hi children.


MRRR would be utmost delighted with a little overview:

-> Nr of BTC 'invested'
-> Nr of BTC sent as 'dividends'

If I were the Hoe-boy of this particular Ponzi I'd wait for a bit of success and issue a new round of shares. Rake it in! Free cash guaranteed!

But Mr. T says NO

http://www.youtube.com/watch?v=VwQoV407vJY

If you had taken the time to read there Contract/description of there company/listing on Cryptostocks you would know the answer to that question.

Why do you complain about AUTOTRADE that has behaved flawlessly so far on Cryptostocks, witch one can't say about many other listings there.
Are you a competitors sock-puppet account whose listing(s) on Cryptostocks don't manage to raise the same amount of funds ?

There is a number of pretty obvious scam's/ponzis listed on Cryptostocks, maby you Mrrr can spend your time trying to spot them instead of complaining on AUTOTRADE and we can see how many you manage to detect.

<Dividend Paid>Total dividend 12.64BTC.

交易时间：2014/2/10-2014/2/16(GMT+8)
交易货币：LTC、XPM
合计利润：15.8BTC
分红总额：15.8*80%=12.64BTC
周期评价：收益率高于预期

Transaction time : 2014/2/10-2014/2/16(GMT+8)
Currencies : LTC、XPM
Total profits : 15.8BTC
Totol dividends : 15.8*80%=12.64BTC
Assessment : Higher than expect earning

Best regards
BtcAutoTrader Team

The 5th round of 200000 shares will be released in 2014/2/17 16:00(GMT+8), and we will hedge the DOGE.

亲爱的投资者们，
因为我们调试对冲DOGE脚本的时候遇到了点小问题，所以第五轮200000股迟迟没有发行，
很高兴上周我们解决了这个问题，所以第五轮200000股将在2014/2/17 16:00(GMT+8)正式发行，0.001BTC每股。
我们在对冲LTC、XPM的同时，也将正式开始对冲DOGE。
非常感谢大家的支持与信任，我们会努力做到更好。

Dear investors,
Because there was a little problem in the DOGE hedging script, the 5th round shares release late.
The problem was fixed at the last weekend, so the 5th round shares will be released in 2014/2/17 16:00(GMT+8), 0.001BTC/share.
Now we are hedging LTC and XPM, in the meantime, the DOGE will be hedging.
Thank you for your trust and support, let 's do the best.

Best regards
BtcAutoTrader Team

Thank you for your trust and support,time will show.

Could someone clarify the end-game plan. I expect over time that the exchange will get more efficient with their prices and other arbitragers will have come in to make the exchange markets more efficient, and the returns may no longer look as good as it is currently. At that point how do we get the capital back? Will the trading positions be liquidated and distributed to shareholders prorata?

Exchanges don't set the prices, that's up to the people selling/buying on each exchange to do and there will always be price differences between exchanges, in the future there will probably be even more opportunitys to do arbitrage as more people get into bitcoins and other alt coins every day so there's no risk arbitrage will be something of the past, it will be there for the as long as there will be digital currency's....
Just look at the forex market, currency-pairs(USD/EUR, GBP/JPY...), the big banks is doing arbitrage there 24/7 and sometimes make millions of USD in fractions of a second...

Dear tricomp, thanks for your questions,
There was investors asked us about the end-game plan, the reply as follow:


In addition, we think that the arbitrage opportunity will alway exsit, just more or less.
Actually that the arbitrage trading is not running in all the time everyday, according to observation,there are about 20 to 22 hours every day we cannot arbitrage, because the price differential is not enough for hedging in the period time,but the advantage of us is the BtcAutoTrader could be running 24 hours a day, it can make us take any chance for hedging, this is how we make the profits.
In fact, there are many manual arbitrage retail investors in the market, we call them "move brick worker" in China, because the money we invested is not enough to cover all arbitrage opportunities in the market, in the meantime, these "move brick worker" take the rest of opportunities.
We believe that with the passage of time, if the money we invested is enough, and more liquid, we will grap more opportunities, and the retail investors will gradually lose opportunity to withdraw from competition, in the meanwhile, we will make more profits.

Best regards
BtcAutoTrader Team

<Dividend Paid>Total dividend 13.47BTC.

交易时间：2014/2/17-2014/2/23(GMT+8)
交易货币：LTC、XPM、DOGE
合计利润：16.84BTC
分红总额：16.84*80%=13.47BTC

Transaction time : 2014/2/17-2014/2/23(GMT+8)
Currencies : LTC、XPM、DOGE
Total profits : 16.84BTC
Totol dividends : 16.84*80%=13.47BTC

Best regards
BtcAutoTrader Team

一个中国股东的提问，回复如下：

Google translation of that:
=========================================
Asked by a Chinese shareholders, reply as follows:
Quote

Dear Shareholder, Hello!

Thank you for purchasing our fund, I am glad to tell you that this mtgox incident did not have any impact on our funds.
As we wrote in the announcement that we are currently only in the hedge LTC, XPM, DOGE,
The above does not mtgox these three virtual currency transactions, so we do not have the BTC stored on mtgox,
We did not get any funds other than hedging transaction risks,
So our funds are safe and well-run, please be assured.

------------------
Best regards and thanks for your support!
BtcAutoTrader Team
 
------------------ Original ------------------
From: <k******2@126.com>;
Date: Mon, Feb 24, 2014 07:53 PM
To: "admin" <admin@ejustech.com>;
Subject: The MT-GOX event would affect the fund for you?
 
Hello, I am a shareholder, I want to ask is the MT-GOX event would affect the fund for you? In case MT-GOX Paolu whether there will be losses? How many, if any, loss?
===================================

So basically to simplify "this mtgox incident did not have any impact on our funds"
The fund has no funds at MtGox(as MtGox don't trade in LTC, XPM,DOGE it wold be no point in having funds there even if MtGox had been a "normal" working exchange)

(basically no one sane would risk having funds at MtGox after april/may 2013 when usgov confiskated many milion usd for MtGox unless you were part of some inner circle with garantees to be able to freely transfer funds quick in/out of MtGox without any problems)

The AUTOTRADE fund is safe,there is no BTC we held in MTGOX.

各位投资者，大家好，
有几个股东发送邮件给我们问MTGOX事件对AUTOTRADE基金是否造成损失，
在此我郑重的告诉大家，本次MTGOX事件对AUTOTRADE基金并没有任何影响，因为AUTOTRADE基金没有BTC在MTGOX上。
就像我们的公告中写的那样，我们目前只是在对冲LTC、XPM、DOGE，
而MTGOX上面并不能对这三种虚拟币进行交易，所以AUTOTRADE基金没有把BTC存放到MTGOX上，
所以我们的基金是安全的，并且运营良好，请您放心。

All investors,
There were some shareholders mail to us to ask about whether the MTGOX incident affects the AUTOTRADE fund,
we hereby declare that there is no influence on AUTOTRADE fund, because there is no BTC we held in MTGOX.
As our announcement, we just hedging LTC、XPM、DOGE,
and you cannot hedge the three Crypto-currencies in the MTGOX, therefore, we did not have the BTC in MTGOX.
In a word, we assure that the AUTOTRADE is safe and well-run.
Thank you.

BtcAutoTrader Team

Hi Autotrade

One of our board members mentioned that we would love to have your participation as part of our Smart Contracts Advisory Board.
 
We are building a consortium of crypto-finance firms to ensure that Bitcoin entrepreneurs benefit from a distributed system of trading firms for issuing smart tokens on Bitcoin.  We believe that will be a BIG revenue opportunity for trading firms like AUTOTRADE.
 
The role of this advisory board is to provide an opportunity for Bitcoin industry members to influence the direction of the Master Protocol.
 
Perhaps we can have a chat about whether this is something you can participate in?
 
Thank you and I look forward to hearing from you.

MASTERCOIN FOUNDATION
International Community Coordinator

<Dividend Paid>Total dividend 14.016BTC.

交易时间：2014/2/24-2014/3/2(GMT+8)
交易货币：LTC、XPM、DOGE
合计利润：17.52BTC
分红总额：17.52*80%=14.016BTC

Transaction time : 2014/2/24-2014/3/2(GMT+8)
Currencies : LTC、XPM、DOGE
Total profits : 17.52BTC
Totol dividends : 17.52*80%=14.016BTC

Best regards
BtcAutoTrader Team

Interested in seeing what this week's dividend will be.

<Dividend Paid>Total dividend 14.136BTC.

交易时间：2014/3/3-2014/3/9(GMT+8)
交易货币：LTC、XPM、DOGE
合计利润：17.67BTC
分红总额：17.67*80%=14.136BTC

Transaction time : 2014/3/3-2014/3/9(GMT+8)
Currencies : LTC、XPM、DOGE
Total profits : 17.67BTC
Totol dividends : 17.67*80%=14.136BTC

Best regards
BtcAutoTrader Team

<Dividend Paid>Total dividend 14.592BTC.
 
交易时间：2014/3/10-2014/3/16(GMT+8)
交易货币：LTC、XPM、DOGE
合计利润：18.24BTC
分红总额：18.24*80%=14.592BTC

Transaction time : 2014/3/10-2014/3/16(GMT+8)
Currencies : LTC、XPM、DOGE
Total profits : 18.24BTC
Totol dividends : 18.24*80%=14.592BTC

Best regards.
BtcAutoTrader Team

There has been some significant volatility in BTC and LTC prices this week. Wonder what will happen to revenue growth  this week?

Autotrade maintain 80% annual return for the investors (which is really high) but keep the rest of the profit for them.

Autotrade IPO said

"20% of profit will be the account management fees, all the remaining 80% is used to share out bonus, each fund will be share one over one million of 80% of profits."

So i don't think AutoTrade mgt. is keeping the balance for themselves.

<Dividend Paid>Total dividend 15.68BTC.

交易时间：2014/3/17-2014/3/24(GMT+8)
交易货币：LTC、XPM、DOGE
合计利润：19.6BTC
分红总额：19.6*80%=15.68BTC

Transaction time : 2014/3/17-2014/3/24(GMT+8)
Currencies : LTC、XPM、DOGE
Total profits : 19.6BTC
Totol dividends : 19.6*80%=15.68BTC

Best regards.
BtcAutoTrader Team

Actually you are right, we are above 88% annual return.

<Dividend Paid>Total dividend 16.06BTC.

交易时间：2014/3/24-2014/3/30(GMT+8)
交易货币：LTC、XPM、DOGE
合计利润：20.07BTC
分红总额：20.07*80%=16.06BTC

Transaction time : 2014/3/24-2014/3/30(GMT+8)
Currencies : LTC、XPM、DOGE
Total profits : 20.07BTC
Totol dividends : 20.07*80%=16.06BTC

Best regards.
BtcAutoTrader Team

<Dividend Paid>Total dividend 16.59BTC.

交易时间：2014/3/31-2014/4/6(GMT+8)
交易货币：LTC、XPM、DOGE
合计利润：20.74BTC
分红总额：20.74*80%=16.59BTC

Transaction time : 2014/3/31-2014/4/6(GMT+8)
Currencies : LTC、XPM、DOGE
Total profits : 20.74BTC
Totol dividends : 20.74*80%=16.59BTC

Best regards.
BtcAutoTrader Team

We managed to invite Bentley to join our QQ group:52209910.
And we have asked him plenty of questions concerning the legitimacy of the project and future progress.
Chat transcript here(in Chinese) :
http://bbs.btcman.com/forum.php?mod=viewthread&tid=17507&extra=page%3D1

Google translation (with warts & all)

http://translate.google.com/translate?sl=zh-CN&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fbbs.btcman.com%2Fforum.php%3Fmod%3Dviewthread%26tid%3D17507%26extra%3Dpage%253D1&edit-text=

<Dividend Paid>Total dividend 16.77BTC.

交易时间：2014/4/7-2014/4/13(GMT+8)
交易货币：LTC、XPM、DOGE
合计利润：20.96BTC
分红总额：20.96*80%=16.77BTC

Transaction time : 2014/4/7-2014/4/13(GMT+8)
Currencies : LTC、XPM、DOGE
Total profits :  20.96BTC
Totol dividends :  20.96*80%=16.77BTC

Best regards.
BtcAutoTrader Team

It's surprising how consistent the payout is.
Thanks :)

Dear AutoTrade investors,please disclose your email before 2014/4/19 12:00(GMT+8), we will announce a new product.

亲爱的投资者，
请在2014/4/19 12:00(GMT+8)前公开您的邮箱(cryptostocks account settings)，我们即将发布新产品，我们希望你们是第一批知道这个消息的人。
如果您不方便公开您的AutoTrade份额，请发送您的email到btc@ejustech.com。
我们会在指定时间通过邮件一起发布。

Dear investors,
Please disclose your email(cryptostocks account settings) before 2014/4/19 12:00(GMT+8), we will announce a new product, and hope you are the first people know the news. If you do not convenient disclose your AutoTrade shares, please email to btc@ejustech.com to get the details of the new product.We will release that at the specified time by the email.

Best regards.
AutoTrade Team

Can you just clarify that all the investor needs to do is make their email visible on cryptostocks?
And that no investments will be lost if we make email visible...

What has the new product got to do with AUTOTRADE?

Thanks

The showing or not of the email address, you find that option under settings on CryptoStocks. I think CS have the emailadress automatically set to show it to asset issuers for new investors accounts created after the date they introduced that function and all old accounts created before that date still have it automatically hidden unless people manually changed it.
Its not possible for Autotrade to garantee that it is safe to show the emailadress, that is something that only CS would be able to garantee if it was secure.
As you at the moment cant even choose what asset issuers you want to make it visible for, its shown for all or none of the issuers you have stocks in depending on what you choose its probably better to not activate the showing of emailadress to asset issuers on CS.

So it would probably be better/safer if Autotrade just sent the interested investors a PM here on Bitcointalk with the announcement of there new project.

Yeh thanks for that.

I have made my email visible , i just want to know my investments in AUTOTRADE aint going anywhere.

I'm still very clueless about what is going on? Can anyone help?

1.) Take a deep breath and clear your mind.
2.) Login to your crypto::stocks account
3.) Under [Account] on far upper right of screen select [Settings] (second option from bottom)
4.) [Settings]->  (General Settings Section) ->  Check box for "Disclose my e-mail"

Hope this helps :)

*Should be interesting indeed to see what happens with the share price once the IPO is completed.  Thus far AUTOTRADE has had a pretty decent return insofar as dividend payouts are concerned.

New products release&Shares given email have been sent.

Dear investors,
Due to our email server to send email under quantity restriction everyday, we send it in batches.
Now all emails have been sent, please check your email.
Thank you.

Best regards.
Bitcoin Investment Guarantee Co., Ltd.

"we may buy back the AUTOTRADE or
upgrade the AUTOTRADE to shares of BtcAutoTrader, the final decision is investors of
AUTOTRADE’s. "

If you have to buy back the shares, will it be at IPO price?

Also, why don't you augment your share of the profit? If you kept 40%, gave 50% to shareholders and kept 10% more for reinvestment, you'd cover your operational expense and it would be good for the growth and long-term profitability of your operation. I would prefer to have a lower weekly profit percentage than lose money in a few months.

With C:S they can perform a "Trade In" which would enable them to perform this "upgrade" to a new project without needing to perform a buy-back. The primary issue here, I imagine, is the English proficiency of the team - doing a buyback is probably a little more straightforward and they might have a better sense  of what it is they're doing.

---

---

This would be preferable to me as well. Frankly I'm not all that convinced that selling the software is a good idea in any case - certainly not for a fixed fee / lifetime license. If its true that the system AUTOTRADE is currently profiting from would be able to accommodate another 2000 participants at varying levels - then why not just release a new tranche of shares and do the work for them (and make 20% or 40% or whatever) on those profits? Adding those shares at 0.0012 or 0.0015 or 0.002 would probably, ultimately, sell them out as well (provided the thesis that the model scales to that level is true). Note: I've edited this post. I made a suggestion based on limited research and information. After taking a bit more time analyzing this project I find far too many unanswered questions. Until such questions are answered, the best way forward for this business (if a business it even is) remains unclear.

I agree, and selling the software to third parties would reduce considerably our potential arbitrage profits. I'd advice Autotrade to make a vote to make higher their share of the profit, and/or sell more shares. If shares are sold the same way as the previous model (200000 at 0.0006, 200000 at 0.0007, etc.), they would be sold quite quickly and it would greatly profit this project long-term.

all shares were sold out, please lift IPO flag  :D

What did the message Autotrade sent out say ? i havent got it yet.

Why would any investor want there shares to be bought back by the issuer, a stock that is working good is not something that people want to sell back for the price they bought it for ?

And a buyback would not work in this case anyway unless the issuer is prepared to offer more than the last batches price for the shares, so it would have to be above 0.001 per share as people that bought at 0.001 will hardly be interested to sell there shares back at 0.00075 or anything less than 0.001 for that matter.

There is also no buyback clause in the contract with the shareholders so thats not even a viable option, it would be a breach of contract as would a upgrade to something else with a different contract be.

<Dividend Paid>Total dividend 16.88BTC.

交易时间：2014/4/14-2014/4/20(GMT+8)
交易货币：LTC、XPM、DOGE
合计利润：21.09BTC
分红总额：21.09*80%=16.87BTC

Transaction time : 2014/4/14-2014/4/20(GMT+8)
Currencies : LTC、XPM、DOGE
Total profits :  21.09BTC
Totol dividends :  21.09*80%=16.87BTC

Best regards.
BtcAutoTrader Team

Dear investors,

We heard your opinions and ideas from the discussion and reply, our interpretation as follows:

"lynn_402" advise us to augment our share of the profit, "davos" said that we could release a new tranche of shares, in the meantime we know that many investors want us not to sell BtcAutoTrader.
 
Thank you for your advic and response! Now due to the imbalance of operation, we are trying to seek the necessary change, and guaranteed benefits for all investors, make the company get better development in the industry.

If conform and obey to everyone's opinions and thoughts, the company will be confined to the earnings and field. This is why we decided to sell BtcAutoTrader and sold it to AUTOTRADE investors priority, we hope that this profit can be mastered by yourself, then we will have more energy to research and develop other new products, such as exchange website. In fact, we have a very good idea, we can guarantee that the exchange  we will develop is absolutely different.

If we sold BtcAutoTrader, for guarantee your profit, we may buy back the issued AUTOTRADE at the right time. If you do not want us buy back, wo also could make the AUTOTRADE upgrade for the shares of our company, as long as most shareholders agreed that.

We also considered the other model of development, make our company entire IPO (havelock is a better choice?), and we could take the part of the money used in the company's daily operations, part of the money was used for continue to arbitrage, part of the money was used for the BtcAutoTrader development and sales
(without arbitrage function), part of the money was used for research and development of new products. We are willing to open to the board, equitable distribution of income to the shareholders.

All in all, welcome your ideas and advice, we do not want to damage the interests of any investors, thank you for your support, let us together to seek common development hand in hand in this business.

I'm still confused, do I need to do anything with my shares?

All who did not receive the e-mail may PM me, I'll transfer the PDF.

lynn_402 can't you just pastebin it? If you dont want to make it public please pm me a pastebin copy. Why isn't this public anyway?

I'm not affiliated with Autotrade so I don't have the authority to make it public. Sent you the text.

Autotrade, since you are working at a loss, where is the loss paid from? Is it held from the employees salary or are the funds from IPO used to cover for that? The constancy of the dividends payouts seem to indicate that your employees are taking the loss, but I'd like a confirmation on this.

In any case, you should not pay dividends when working at a deficit - this can bring nothing good long-term.

Autotrade is earning me about 85% return on investment annually, 0 problems with dividends, and its selling 40% less than IPO price at the moment...

Where are all the investors?

Haven't you received their statement by e-mail? They get 50000 RMB per week, but their expenses are 100000. They are losing money, and won't be able to pay out dividends for long if drastic measures are not taken. Paying dividends while a company is losing money is a bad move, hence the lack of investors' confidence at the moment.

The actual payment of dividends for this fund tracks this "estimation" with a nearly perfect linear correlation [0.98] with the amount of invested capital in the fund at the time of the dividend payment.

This suggests to me that the dividend payment has no necessary relationship with any profit/loss realized from trading activities.

---

I'm not really interested in throwing stones - and my financial exposure to this is almost non-existant - but I think an accounting of the business balance sheet and the current disposition of invested capital may be in order here.

---

https://i.imgur.com/OowQ1Vj.png
(Y Axis represents the growth of each to the initial recorded amount, X Axis are dividend periods)

I completely agree..

I understand they use the bitcoins from IPO sales to invest and that if the price of bitcoin goes down there revenue in fiat goes down. The payment of bitcoin in dividends is steady but obviously the dollar value has gone down which can mess your business model up.

But to claim a 50%- deficit i just find hard to believe.

Release of some accounting be appreciated.

From the e-mail sent to share holders:
"We have encountered a problem although the AUTOTRADE is in earnings, in accordance with
the calculation of each participating is 20% of trading profits, the current profits can not
afford our operating costs. According to the latest four dividends, our total dividends income
is (20.96+20.74+20.07+19.6)*20%=16.274BTC, converting to RMB is about
16.274*3000=48822, which can not pay eight team members’ salary, in addition, office area,
computer depletion, water and electricity fee, internet fee and many other operating charges,
by our rough calculation ,the operating costs of each month is more than one hundred
thousand, the deficits will persistent even though one million of AUTOTRADE have been sold
out."

Clearly that is unsustainable.

Sounds like way too big of a team for what this really is.

Well, they do need a team that includes market analysts, a technician, a manager, and they also need to have partners overseas for arbitrage.
I think the main problem is the too high dividend percentage that goes to share holders and/or too small investment capital.
They did mentioned they are looking for VCs, hope they'll succeed since their business does have potential.

I need some clarifications with regards to your new plan to sell client version of BTCAutotrader.

I just could not quite fully understand the English translation you provided

1.   Are you forming a new company or is it being sold under the same company you used to sell 1 million IPO shares of BTCAutotrader/Arbitrage Fund

2.   The free shares being given for pre-buying the client BTCAutotrader, are they for a new company or the same shares that you just concluded in IPO. In other words are they the same shares as  the one sold in the IPO.

3.   You just raised IPO funds under the guise that you have a proprietary application that will be used for the benefit of the fund. On completion of your raising your IPO funds, you now decide to allow 2000 users to compete with your funds because the 20% that you unilaterally decided to have for management of the fund is not enough for you. Obvioulsy having more competition is going to decrease the profitability of the future arbitrage profit of the fund. This seems highly unfair. You may wish to ask shareholders to decide if you should have an increased management fee instead of unleashing 2000 competitors on them.

BTC AutoTrader  share price seems to be in free fall on CryptoStocks, following the management announcement and the release of IPO . All  Ask prices are below the lowest IPO price. Management needs to stop the bleeding by withdrawing their plan. It just cannot work. You cant sell 1 million shares based on using a  proprietary application and then all of sudden commoditize the same application. With regards to  operational cost, an increase of the management fee should be put to shareholder vote ASAP.  CoinReturn Financial , another Cryptostock  involved in technical trading of cryptos. collects a 35% management fee, so an increase in management fee is more than appropriate , especially to cover salaries.

However, a major question  will still need to be answered by the management. Do you need all these eight people to run this operation. It seems a bit over-staffed.

Seems like the main problem is that the current low price per btc, currently at around 480 usd/btc 3120 RMB/BTC, in the future when the price per btc is back at or above the 1000 usd/btc 6000 RMB/BTC level there will not be any problem, why not just temporary charge a higher(in percent/btc) management fee until the btcprice is back at a level where 20% fee would be enouth.
If you now charge something like 35-45% depending on what the current btc price is each week when the price is around 480/520 btc the problem would be solved and you would be able to take out the nessesary funds 100 000 RMB mentioned to pay your expenses and the dividend would still be at around 0.00001300 btc per share each week and when btcprice starts to climb again you can gradually charge less and less % until your back at the 20% level again, problem solved....

Exactly.

The price on cryptostocks for the autotrade stock is redicules at the moment, some people is clearly manipulating the price to try to take advantage of people panicselling shares. A loss of around 4 btc per week on the expences side when the stock still pays out 16-17 btc each week does not motivate the price to drop down to 30% when the company actually makes 12-13 btc profit for the shareholders each week with all expenses paid, there should still be 760 out of the 800 btc raised capital in the company so if people would like to trade the stock at around 95% of the price, 0.0000950, that would be more resonable than trading it at 0.0000320 or some silly low price.

We don't know if there still is 760 of the 800 raised BTC; it is not exact that all expenses are paid, and the company could have been running at a loss since a long while now. I would not sell at these ridiculous prices, but I understand those who do since there is much uncertainty in this situation; a complete financial report would be greatly appreciated. And actually, after Neobee and all the other failures, panic selling at a considerable percentage of IPO price is quite understandable...

A complete financial report would be good it they published and they should also publish the info they send out in mails to some that made there email visible at cryptostocks so all can read it.

I was hesitant to make it publicly available, but it is unfair for potential share-buyers to not be aware of this.
Here's the info they sent by e-mail.
http://pastebin.com/X3MR1kWA (http://pastebin.com/X3MR1kWA)

I would happily take the hit to get 0.00001300 per share.

some days ago i read an interview text from Autotrade in chinese boards here, it was said that some of autotrade team member had about 60000 autotrade shares personally. if they play '' bump-pump'' game and run buy-back, it would be really a nightmare.

hopefully i thought in wrong direction. but current price really made me lose money as an investor.  :-[

It seems to me that the main problem is that they are following a fixed dividend system regardless of their costs, profits, or losses.

If they had, for example, not made a single trade - even if their cost overrun estimates are correct they would still have about 500-700 BTC of capital from investors left.

I don't say that this is what they are doing - I just mean that there is no information contained in their payment of dividends (which has scaled linearly with the amount of invested capital) to suggest their ROIC or any other business metric.

---

Let me put it another way. The contract has two, contradictory explanations of how dividends will be paid out. It says:


and


It is obvious - to me at least - but hopefully to anyone observing the dividend payments which of these two obligations is being observed. And it would be, I dare to suggest, neigh-impossible for both of these statements to be so consistently true at the same time.

What really boggles my mind is that if they were going to follow a set plan for the distribution of funds - regardless of their actual trading income - they would set it at a level that would not cover even half of their claimed operating costs (which one assumes they had to know before they started).

So again, I would return to the call for a balance sheet and perhaps the real numbers related to trading.

The signs indicate to me that the "profits" they have reported at each dividend period have no relationship whatsoever to any trading that has been done and are being paid out strictly based on how much capital has actually been invested in this project.

---

I would love to be wrong about what the numbers seem to be suggesting, and perhaps there is a good explanation.

Good analysis, Devos. I'd like to add that it's weird how the dividends have been always perfectly consistent, in weeks of high volatility and in weeks of low volatility. It's also suspicious how the considerable problem of running at a 50% loss per week has only been adressed three months after IPO, two days before the last shares were sold. If this is another of those scams that seemed fulled of potential (like neobee..), I'll give up and put all my coins in cold storage :(

Emphasis mine on both posts. Why is there so much overhead for a simple arbitrage scheme? You need to pay salary for EIGHT team members?

For the record, I steered well clear of this (as with anything on Cryptostocks); I seriously question why there is so much overhead for this kind of operation. Been waiting for this to go up in flames for a while.

Beyond the reportedly exorbitant expenses and the fact that they don't understand that 'profits' are what's left over after expenses, you guys might question why they moved into selling software (their competitive advantage, even) when the stated purpose of the fund was for arbitrage (or 'hedging' as they call it).

we've been scammed... DUMP!

I do believe I hear a fat lady warming up.

A fat one, too? ;) Lookin' forward!

Dear lynn_402,

The loss paid from Our own start-up capital,Once VC plan to invest in our company, promises to solve our loss problems, but because of the negotiation process BTC price from 5000 RMB to fall lowest 2500 RMB, they feel that the risk is too high, so they recently terminated negotiations.

Dear AUTOTRADE investors,
Dear users and distributors have been paid,
Dear users and distributors want to buy,

We are very very sorry,We didn't expect new products will bring so good/bad effect.
Now our great pressure,We don't hope you misunderstand our intention.
We decided to suspend the sale of BtcAutoTrader,
Please give us a little time to listen to our explanation,
and whether to continue to sell BtcAutoTrader,
We will launch a vote as soon as possible, please wait patiently.
Thank you very much.

Best regards.
Your AUTOTRADE Team.

How does an automated hedge fund cost 100000k a month?

We introduced when AUTOTRADE IPO, our team is 8 people.
We have members to monitor BtcAutoTrader for 7x24, some emergency need need manual processing.
Now everyone's costs in 9 k ~ 15 k/month.
In addition, office area, computer depletion, water and electricity fee, internet fee and many other operating charges.

Reserved I'll look it.

In US Dollar business you can make up to 2 % ROI every month in arbitrage. With approx. 8 % you are doing fine, your capital of 750 XBT is just too small and the market probably not big enough for more. You know it better.

Running a fund is a hard business. Good luck and I do believe in a good solution for you and for the shareholders

Its just not going to happen. They are what you call financially screwed!
They tried getting an investor to "bail" them out.. But they said no... Sell your shares now while they are still worth something... I took a 30% hit and coins now in cold storage to regain the fiat loss.

agree what you said.

buy low and sell high and away, i did it with a little profit this morning and bye  ;D

i dont think that they did not understand what net profit is.

it goes whithout saying that if they generate dividend from net profit, the dividend per share should be very small or minus which can not fulfill IPO task at all. The main problem is their IPO price little bit too low or in other words they did not accurately calculate what is the break even point.

Time to start cutting full time staff!!

can someone comment on the voting options?

I couldn't entirely understand the offered scenarios.

To my understanding scenarios are:

1. Sell BtcAutoTrader (arbitrage version)
2. IPO

with options:

a) buyback shares
b) upgrade shares

but I still don't understand how this is going to influence current AutoTrade shareholder.
Therefore I would love if someone could answer the following questions:


1. If IPO is selected, you will not sell BtcAutoTrader to anyone? what about non-arbitrage version? what is the difference?
2. Regardless of scenarios, your plan is still to develop exchange, coffee shops, right?
3. If shares are upgraded how they will be upgraded?  for example, if I own 1000 AUTOTRADE shares, how much BtcAutoTrader shares will I get?
4. Will you still be paying the same weekly AutoTrade dividends in case of upgrade? +potentially other divindends that will come from future products/services?
5. When the upgrade of shares will take place?
6. In case of buyback of shares what will be the price of each AUTOTRADE share?
7. When will the buyback of shares take place?
8. Will you still pay weekly AUTOTRADE dividends prior buyback happens?
9. In case of buyback will you suspend the AUTOTRADE share trading on cryptostocks?

All voting options is clearly in violation of there contract and the least intrusive way to solve the problem is not listed as an option so i would reccomend Autotrade to call the voting void and remove the voting as soon as possible and rethink before they post something else up for voting.

A buyback at an unspecified price or a convertion of the shares to something else with different contract not specified either or the selling of something that could effect the current autotrades performance for an unspecified amount is not options mentioned in the contract and would be a violation of the contract and it would most likely be consithered fraud if people would end up loosing BTCs because of that, you did for example continue selling shares for 9 weeks at 0.001 with people locked into there position(by the active IPOflag) when you had important information you dident publish.


If you want to start a new division that autotrade is working on you will have to issue a new project for that on cryptostocks &/or havelock or whatever exchange you prefer, you cannot breach the excisting contract with Autotrades shareholders because of that.


If the cost you currently have(32%?) is over the 20% part of the profit you currently take you need to specify every expences you have so people can look that over so things is correct.
Then you can come back with a vote on cryptostocks that people can vote on to accept how you should adjusting what the %cut should be to cover your costs, a simple way to solve it would probably be to set a variable rate 20%-40% as long as the BTCprice is below the 800? USD level (or what the breakpoint is that would bring the expenses down under 20% again) and then specify each week when the dividends is beeing paid out what % has been taken depending on the current USD/yen exchange price that week so it matches your expenses and sallerys.

+1  . In total agreement. 

+1.

Well if the buyback price is 0.001 BTC per share, I think most of the shareholders wouldn't mind it. Anyway, it is in hands in majority of shareholders.
But I think I lack explanation to be taking part in a vote right now.

Obviously bummed about the recent tanking of share price and have to say that Thy raises some very good points.  However, at the same time I am encouraged by the fact that there does seem to be an honest effort taking place on the part of who or whomever is behind autotrade.  (only an opinion at this point and have been wrong on numerous occasions before so take it for what it's worth)

Going to have to give these voting option(s) some serious thought.

I am for a buyback at around the IPO price, I think it would be the best for everyone. The people that want to invest and those who want to withdraw.

I just sent the email below to admin@ejustech.com  about the vote options on Cryptostocks

To:  admin@ejustech.com
Subject: Objection to Vote Options on Cryptostocks


To: management of Autotrade (Arbitrage Operations)


I write you to highlight a major omission on your part with regards to the options  being offered to vote on , at Cryptostocks. This omission has also been highlighted by the user  “Thy” on Bitcointalk. This is the option to ;

Leave Autotrade alone as is  and let it operate as promised but with a reviewed rate of compensation for management , which can be voted for. This will allow Autotrade focus on arbitrage and pay salaries effectively. The user “Thy” described the option and recommended procedure quite well .

This to me is the best course of action for you to have the necessary credibility to issue another successful  IPO in the bitcoin community  for the other two business possibilities-  Sales of Autotrade without arbitrage and Coffee  shops.

If you want to get into these new businesses , I believe you should do them under another company  or IPO  , unrelated to Autotrade (arbitrage) .These new businesses should stand alone by them selves and should not involve any buyback or merging of shares. If you wish to do any buyback or merging, the offer should be presented with clear option of yes or no on the transaction. In other words , shareholders should have a say in wheither the current operation is merged or bought out (buyback) or left alone. Not just the option being  merged or buyback

 

Right now , your attempt to forcefully introduce totally unrelated   businesses into a well-define  arbitrage business is causing a serious loss of confidence  , that is reflected in the major crash of the stock price.  With the current situation, where investors are dumping shares, there will be no credibility for you  and a new IPO may be very difficult, given the recent history of losses to investors. It appears these losses is a direct response to a loss in confidence with the current approach of trying to build the business. A successful Autotrade (arbitrage) operation that you just finished raising capital for will be extremely  helpful with your  raising a new IPO for the new businesses so long as the new business does not diminish the current Autotrade (Arbitrage) by selling the same arbitrage application.  But the new business don’t have to be forcefully put within the same operation. They can be separate companies for investors , who are made fully aware of what they are investing in. As opposed to forcing an investor , who was investing in a proprietary arbitrage operation , to either become an investor in a software marketing operation and a chain of coffee shops, or get bought out by force. This is the cause of  the turmoil in the share price right now. It can be resolved by taking the right steps.

 

So please remove the current options and ask investors if they want to continue  or not,with the arrangement /contract  you proposed when you started Autotrade (Arbitrage)  in January. So may people have bought shares in IPO  hoping to enjoy the ride, But all of a sudden you are changing the game plan without consulting shareholders if they want to change direction .

 

I think it will be in your long-term interest  to have a successful Autotrade( arbitrage), which will give you credibility to launch other IPOs for Coffee shops and other software (not arbitrage).

I believe , you should never offer  for public sale the Autotrader (with arbitrage) as long as you have investors in  the IPO you have just raised as this will conflict with the basis on which you raised IPO money from investors.

 

EDITED: Please act quickly to get shareholders to vote first on wheither to continue Autotrade (arbitrage) operation  as is,  without adding software marketing and  coffee shops or they want the company to diversify into software marketing of Autotrader (without arbitrage) and coffee shops. If the answer is the later then you can continue with the other options you have on Cryptostocks. If the answer is the former  then you can just raise IPO for the new businesses. You quick response is required to rebuild credibility and share price.

 

Regards

Tricomp (Bitcointalk Username)

Your right if there will be a buyback at the IPO price 0.001 that would be a good option, then people could choose wherther they would like to stay invested or exit there position, maby thats what they meant in this section:

" 5. Whether IPO or sell BtcAutoTrader(arbitrage version), upgrade AUTOTRADE to the shares will be with the price 0.001 BTC/share, but we will temporarily suspended the arbitrage trade, adjusted to work during the day for priority develop BtcAutoTrader, after released BtcAutoTrader formally, restart the arbitrage trade."

But for this to be possible, the AUTOTRADE team would either have to already own 200 000+ of the total 1 000 000 shares and intend to keep them or be willing put own money into the buyback if there would be a large interest in selling back shares at the 0.001 btc buyback price.

Dear investors,

We are glad to hear your opinion,Added a vote:

Best regards.

bentleysui, how come this "issue" came to be realised as soon as all the shares had been sold and the IPO flag lifted?

Dear okaynow,

You must have misunderstood, the sequence of events of this, please refer to our shareholders-mail(2014/04/20) and announcement(2014/04/18、2014/04/24).

Best regards.

i honestly hope i have. Thanks for taking the time to reply.
People are jumpy in here, with all the latest developments.
Your project has had a very stable course so far, i believe that the recent tanking could have been avoided.
(although i do understand that shareholders selling is out of your hands.)

Lets see what the people decide on this. I'm curious.

Is a dividend still being paid on Monday or does this voting thing need to happen first? I'm a new member to this stock so just curious.

What are the assets held by this hedge fund?

Weekly dividend is part of what the contract stipulates:

"Dividend policy
    20% of profit will be the account management fees, all the remaining 80% is used to share out bonus, each fund will be share one over one million of 80% of profits.
    Shared out bonus at 15:00 (GMT+8) in every Monday, if the day is China legal holiday will postpone to the next working day."

 so dividend should still be made now on Monday and also in the future no matter what votes they put up and the result of those, there is no clause in the contract that allowes them to change that. So even if they in there announcement say:

"   5. Whether IPO or sell BtcAutoTrader(arbitrage version), upgrade AUTOTRADE to the shares will be with the price 0.001 BTC/share, but we will temporarily suspended the arbitrage trade, adjusted to work during the day for priority develop BtcAutoTrader, after released BtcAutoTrader formally, restart the arbitrage trade."

dividend is not anything they are allowed to suspend as there is no claus for such change in the contract.So as there is no clauses in the contract for the type of chages that they suggest, a possible buyback of shares or a possible upgrades to a new share with another contract and a possible IPO with new shares sold will all have to be volentary and new shares will have to be issued under another project on cryptostocks and the ones that dont want to have there shares buyed back or upgraded should be allowed to keep them and continue to recieve dividends just like before, accouring to the contract.

It's not a hedge fund (despite claims otherwise). It's an arbitrage-operation. Or it claims to be anyway, no proof was provided of actual trades happening.

So is it?

<Dividend Paid>Total dividend 16.29BTC.

交易时间：2014/4/21-2014/4/27(GMT+8)
交易货币：LTC、XPM、DOGE
合计利润：20.36BTC
分红总额：20.36*80%=16.29BTC

Transaction time : 2014/4/21-2014/4/27(GMT+8)
Currencies : LTC、XPM、DOGE
Total profits :  20.36BTC
Totol dividends :  20.36*80%=16.29BTC

Best regards.
BtcAutoTrader Team

Thanks! Dear bentleysui, could you please answer some of my questions:

1. If IPO is selected, you will not sell BtcAutoTrader to anyone? what about non-arbitrage version? what is the difference?
2. Regardless of scenarios, your plan is still to develop exchange, coffee shops, right?
3. If shares are upgraded how they will be upgraded?  for example, if I own 1000 AUTOTRADE shares, how much BtcAutoTrader shares will I get?
4. Will you still be paying the same weekly AutoTrade dividends in case of upgrade? +potentially other divindends that will come from future products/services?
5. When the upgrade of shares will take place?
6. In case of buyback of shares what will be the price of each AUTOTRADE share?
7. When will the buyback of shares take place?
8. Will you still pay weekly AUTOTRADE dividends prior buyback happens?
9. In case of buyback will you suspend the AUTOTRADE share trading on cryptostocks?

Dear dzhan,

1.If IPO is selected, we will not sell BtcAutoTrader(arbitrage version). The non-arbitrage do not include automatic arbitrage function.
2.The scenario of sell BtcAutoTrader(arbitrage version) do not include exchange, coffee shops etc..
3.Because we are not sure that whether investors want us buyback or upgrade, we have not made more details plan for upgrade.
4.Whether IPO or sell BtcAutoTrader(arbitrage version), upgrade AUTOTRADE to the shares will be with the price 0.001 BTC/share, but we will temporarily suspended the arbitrage trade, adjusted to work during the day for priority develop BtcAutoTrader, after released BtcAutoTrader formally, restart the arbitrage trade.
5.The upgrade or buyback will be doing immediately after the vote.
6.Whether IPO or sell BtcAutoTrader(arbitrage version), buyback AUTOTRADE we will assets liquidation, the LTC, XPM and DOGE crypto-currencies into BTC, all used to buyback AUTOTRADE.
7.The upgrade or buyback will be doing immediately after the vote.
8.Yes.
9.Yes.

Best regards.

bentleysui, thanks for your time to come up with answers.

Could you please comment a little bit more on:

4.Whether IPO or sell BtcAutoTrader(arbitrage version), upgrade AUTOTRADE to the shares will be with the price 0.001 BTC/share, but we will temporarily suspended the arbitrage trade, adjusted to work during the day for priority develop BtcAutoTrader, after released BtcAutoTrader formally, restart the arbitrage trade.

- For how long will the arbitrage trade be suspended? 3-5 months?
- Does it mean no dividends will be paid during this period of time due to AUTOTRADE not being operated?
 

Dear dzhan,

- For how long will the arbitrage trade be suspended? 3-5 months?
【A】According to our development schedule is about like this, But there may be ahead of schedule.

- Does it mean no dividends will be paid during this period of time due to AUTOTRADE not being operated?
【A】No,We will start the BtcAutoTrader sales plan as soon as possible, The sales profits will be used to pay dividends.

Best regards.

Thank you again for your answers. Now I think I have enough information to take part in the voting.

<Dividend Paid>Total dividend 5.976BTC.
 
交易时间：2014/4/28-2014/5/1(GMT+8)
交易货币：LTC、XPM、DOGE
合计利润：7.47BTC
分红总额：7.47*80%=5.976BTC

Transaction time : 2014/4/28-2014/5/1(GMT+8)
Currencies : LTC、XPM、DOGE
Total profits :  7.47BTC
Totol dividends :  7.47*80%=5.976BTC

Best regards.
BtcAutoTrader Team

AUTOTRADE you dont reply to PM people send you,
you are in violation of your contract,
you claim to buyback shares but you dident buy back a single share on the orderbook,
your not replying to mails people send you.

Kumala its time to blacklist theese scammers.

Did you even look at the vote or announcement?

Vote: http://puu.sh/8CzfX.png

Announcement: https://cryptostocks.com/announcements/2065

Dear thy,

1. We didn't receive your PM recently.
2. If you send mail to btc@ejustech.com, we have been replied.
3. For the voting result, we also could not make any buyback plan, but we did.
4. We buyback is through [cryptostocks]-[Projects]-[My shares]-[Tranfers], and already buyback 100000+ shares, but we also don't know why we can't see the record in the [Tranding history].

If you have other questions,we are glad to you can send the mail to btc@ejustech.com to contact us.

Best regards.

Looks like Autotrade continues to scam its investors.
I've applied for the "buyback" on the same day they issued https://cryptostocks.com/announcements/2065, immediately after I've read it. Next day they replied me - oops, sorry, we've already repurchased 100000 shares, you are late. And at the same time cancelled share trades with the new IPO flag.

Also, I can't see any reason for majority of investors to prefer share upgrade over buyback. This just does not make sense.

Thus, the question has to be asked. Is there a single person here who
1) had voted for the share upgrade instead of buyback?
2) or had successfull buyback at announced price?

Will be nice to know who successfully got a buyback transaction.
I had a similar experience trying to do the BUYBACK. I asked for buyback within a few hrs of announcement , but got the same email the next day saying

" oops , sorry too late"

I voted BUYBACK.

I dont think you can sell even the first 2000000 shares.
Please tell me what is gonna happen after the IPO failure.

I'm confused.  I haven't done or voted anything.  What is the default if I don't reply?  Can I still ask for buyback?  If so how?

Thanks

Firstly i want to say that i did have big expectations and thought AUTOTRADE was a serious company and think there reputation up until the point before they started this mess a few days before they sold there last of the 1 000 000 shares and sent out an email to some shareholders was pretty good in the btcworld.

Yes i did look at what they said on CS, but firstly the whole process of changing AUTOTRADE to something else is against the contract with the shareholders, secondly i did have my shares on the orderbook and if they wanted to do a real buyback of people shares they would have bought back shares from the orderbook witch they dident it would laso have been cheaper for AUTOTRADE as some sold there shares on the orderbook for under 0.001 per shares, instead they claim to have bought back shares from people witch for what you could suspect might have been 90-100% there own shares they bought back, why else would they want to do such thing in a non transparent way.
As far as i know they still havent cleary said what the buyback price was/is going to be but i suspect they meant the buyback price was/is 0.001 btc and it looks like they havent bought back any of the people that voted for buybacks shares, at least they havent bought my shares back, i voted buyback even thou they refused to answer the question what the buyback price was going to be before the vote.

1 You did recieve a PM witch you dident answer to, should i keep sending you PMs that you dont anser to ? Well i could send you another PM if you like.
2 I did send you an email witch you dident answer to, i went though all my recieved emails in the time in question and there was no answer from you, but i can look again later and see if you send any emails more recently.
3 The whole voting process is of no value as there is no clause allowing the contract between AUTOTRADE and AUTOTRADES shareholders to be changed, so any result of such votes you put up lacks meaning in the AUTOTRADE share. If you like to have a company with different conditions then you have to list a new project on cryptostocks for that.
4 If one follows that path mentioned there is nothing there, no buyback is offered from AUTOTRADE on cryptostocks.

Dear thy,

We have received the PM you sent today, but we did not find the PM and Email which you said that we had not replied.
Could you tell us the date of the PM and your mail address for that we will confirm that.
 
Best regards.

Whats happening to divs today?

CryptoStocks haven't processed deposits all weekend. I am guessing this also has impacted AUTOTRADE

Thats right. Withdrawals were also not going thru all weekend on CS. This looks serious!!

Cryptostocks' customer service  just gave the update below via email

"Hi,

the BTC wallet become unresponsive, we have fixed the issue and you
should be able to deposit and withdraw again. Outstanding deposits will
ofcourse be credited too.

==================================
Best regards
Your Cryptostocks Team"

Was out for a while, let's get back to AUTOTRADE scam. What we know at the point:

1) there was no actual buyback (and there was no intention of it)
2) some aliens from Nibiru voted for shares upgrade

And the conclusion is straightforward - there was no actual arbitrage trading as well. Just a classic ponzi, dividends were paid by new investors buying shares (IPO flag was on for very long time, so no one else can trade).

However, even it was that bad, do a simple math. They've gathered 750 BTC from shares, paid 220 BTC in dividends, and can't afford to buyback 1/5 of shares?? Ha-ha. So, they just took over 500 BTC, and now are asking for more via new IPO. Guess what will happen next? Suddenly, a new upgrade and IPO!

Everyone who's thinking on investing into this crap -
STAY AWAY FROM THIS COFFEE-HEDGING GUARANTEE!

We need to blacklist them on cryptostocks and end this scam.  And those who are still hoping to somehow get their BTC back - abandon your hope, let's get to revenge part.

So done with wishing.

What i saw is that there is no revenge. We r sheep.  :'(

They failed to pay dividend so yet another thing there breaking in there contract, Kumala please have them up there verification level to advanced and remove the IPOflag permanently for them and change the rating to gray unless they start following there original contract imediatly.

maybe right,  i sold out all weeks ago

About dividend payments and BtcAutoTrader progress

Dear investors,

We have received some emails about asking why we did not pay dividend this week, for this, we make a consistent declarations here.
About the dividend payment we had explained before the vote, please kindly refer to the follow announcements:
Before the vote：https://cryptostocks.com/announcements/1959
Voting result：AUTOTRADE upgrade
After the vote：https://cryptostocks.com/announcements/2065

According the "announcement before the vote" + "the voting result" + "the annoucement after the vote", we have suspended automatic arbitrage trade, hence there is no dividend payments this week, the next dividend payments will be paid after the BtcAutoTrader official offer.

Besides, we see that some people said we are the cheater, liar, fraud, we think these people voted against on AUTOTRADE upgrade,so we understand why they said that.
We solemnly declare here, we are not fools, investors are not fools, please think back the everything about this from we started to sell BtcAutoTrader (arbitrage version).
If we are liar,
Why we cancel the BtcAutoTrader (arbitrage version) selling according the voting result?
Why we send the email to the purchaser whom want to buy the BtcAutoTrader (arbitrage version), ask them if they need a refund?
Why do not we make off with BTC?

The Bitcointalk is the place with freedom of speech, hence we cannot stop what people say here, we also do not want to argue with them whether we cheat, we hope people judge themselves, avoid losses.

Finally, we want to tell you that the BtcAutoTrader development is smoothly, the only thing we have not anticipated is the Btc-e is banned from China, but can through a proxy to access.
We have some solutions regarding this problem and will solve it in the BtcAutoTrader development.
If there is any further news we will inform.

Best regards
BtcAutoTrader Team

Oh, preach brother, preach...

Of course you are the fraud. Otherwise there would be at least one successfull buyback report here.
Of course you are not a fool. Fools are those who brought you 500 BTC and now are bringing more.

That voting was totally wrong. The first question for voting should be whether you cancel your current "arbitrage" and buyback all shares.
And if someone wants to continue - make a new project with new IPO and invite investors there. But you presented voting in a "Yes, cancel arbitrage" "No, cancel arbitrage" form.

Even with completely broken voting, its results are a clear fake anyway.
There was no single reason for investors in clear mind to vote for the upgrade. Coffee houses instead of arbitrage? Am I the only one who feels it stinks as hell?
And even if it was that bad, you had your chance to solve the situation with buyback, but instead you just laughed at us with "sorry, too late" crap.


Because there was nothing to sell.
There was no any "arbitrage" going on during these months. What a perfect scheme - just put IPO flag and sell shares, use some BTC to buy own shares to simulate buying activity. When done - anounce an upgrade and put IPO flag again. Repeat as long as possible. New investor gets a perfect picture - security price is constantly rising. Looks legit, what could possibly go wrong?


Because you know you can take more.

You have the only chance to save your reputation. Do an actual buyback for everyone who wants to, and remove this f*ing IPO flag so everyone can trade. Everything else just prooves your scam.

Let's see what will happen in the future.

http://s27.postimg.org/uja5ee56r/ready.jpg

Happy trading investing whatever.

All of that "future" depends on one simple question. Please answer it to the public.

Let's assume everything was right and there's no fraud.

You have received 750 BTC from shareholders.
Your arbitrage operations brought you 275 BTC (220 were paid as dividends, and 55 are yours).
You still have that 750 BTC, do you?

It is simple like that.

It will take years before we can trade.

Dear xtcminer,

Yes, you are right, it's a simple question, and what you say is partly right.

So it's hard to understand that why you make things become so complicated to this, and say we are liar without any evidence but never ask us directly.

Well, if the first you just want to get the answer, and mail to us, these unpleasant things would not be happened.
But now you are the only one who ask this problem,
and if you want to on behalf of all shareholders to want to us publicly disclosed the latest trends of IPO'BTC, it is a visible problem involves the shareholders, so we need to consult other shareholders to agree.
We will lanch a vote, for this, for you.
In a word, We hope you can eliminate the misunderstanding to us.

Voting content:

We hope you can cast your valuable vote.

Best regards.

I think you need to start using a professional chines/english translator that can capture the nuances of the english language for some of the sensitive things you intend to communicate, so that you can avoid allegations of asking for a vote where the YES and NO answer appear to be leading to the same thing.
For example in the current vote request:

"Memo1: Fully visible (If not the shareholder also can see)"

The statement is confusing. If its visible , are you suggesting that the public and shareholder can see and if not visible only the shareholders can see?. It that is what it is , then it would be better to say so instead of the way its currently expressed, with its possible misinterpretation.

Dear tricomp,

Thank you for your suggestion, and we will try to learn English. :)


Before the change：Fully visible (If not the shareholder also can see)
After the change：Fully visible (Non shareholders can also visible)

Best regards.

The only person who makes things complicated here is you.
A week ago I was just an ordinary investor who requested buyback that you have announced.
The rest is history.


Why would you need any voting just to answer yes or no? I was not asking for any proof at this point.
Just yes or no - so all shareholders can see your statement.
Again, do you have that 750 BTC (or equivalent in LTC/XPM/DOGE) you have received from shareholders?

And in new voting announcement by "trends" I guess you mean "trades", otherwise I just can't understand what this voting is about.

No, they don't. There was no arbitrage. They payed their salaries (8 guys) and the dividends from it.

Can you tell us the 750 BTC is how calculated?
If you only want us to use yes or no answer, the answer is no, because the number is wrong.
We don't want to irresponsible answer no,
so we think disclosed the latest trends of IPO'BTC is the best way to solve your doubt.
We hope you can understand.

【Banned Exchange Investigation】

Dear investors,

As we said in announcement, btc-e is is banned from China.
We want to know whether which the popular exchange also been banned from your country?
For example, bitstamp, BTC-e, cryptsy etc.
We hope to get your feedback or email.
Thank you very much.

Best regards.

You understand the question perfectly, do not play fool with us. "The number is wrong" is so pathetic excuse.

However for those who do not know the full story, I'll put numbers here.

You sold shares in 5 rounds, 200000 shares each, starting from 0.0006 up to 0.001 BTC per share.
And total is 120 + 140 + 160 + 180 + 200 = 800 BTC.
So, yes, the number is wrong, you should have 800 BTC, not 750 (as I quickly approximated before).
If you think this number is wrong - we'll be glad to see your calculation here.

But you don't have even 750, as you just stated. Thanks for being honest. I hope everyone is now able to make their conclusion.

You should have raised 800 btc from the first 1 000 000 shares you sold minus the 0.15% fee(1.2 btc) cryptostocks charged, but you also rebought some shares at 0.0006 and resold them at 0.0009 when the 4th batch of 200 000 shares was sold so in reallity you should have raised more than 800 btc. Put all AUTOTRADES coins in a single BTC address or a set of btcadresses and sign messages from the adresses in question to prove you have the coins as you claim to not use the investors money with the autobot or your 4 traders to trade with the coins there should be no problem whatsoever for you to prove that part of things if your not a fraud.

By the way you still have not bought back my shares in autotrade for the price i bought them and you refuse to tell people what the buyback price you claim to have offered was and you broke the contract again this monday with no dividend payed then either. Kumala/Cryptostocks start the process of delisting these scammers and send all info you have of them to the chineese police for procecution for fraud/theft or whatever it falls under in China unless they go back to following there contract immediately.

Dear investors,

Your feedback is very important to us, thank you.

Best regards.

This should be of no consequence. You should be up on a VPN service when you're operating in a country that's very similar to DPRK in terms of web issues. I really hope your team gets their ducks in a row and gets back to the stated contract terms so dividends can be back to normal.

Thank you for your feedback.
We hope that banned event only in China, so we have a solution.
Give us a little more time.Now we are all progress in the plan.
Please feel assured that we will abide by our promise.

Can't you guys just pack up and move to Hong Kong and resume your biz if you can't operate like promised out of the mainland? Also, the uptick in BTC price should make yall more profitable in your business acumen and allow more normal payments. Are you guys doing any trading/hedging whatsoever or just on ice?

Yeah, guys are packing their bags and moving. To a silent and peaceful place.
Why would you operate anything if you have $500k in the pocket?

I refer to your announcement of 4-May-2014 on Cryptostocks;

"2.The arbitrage trading will be suspended from 2014/05/02 0:00 (GMT+8), the entire team will be adjusted into BtchAutoTrader development work in the daytime."

Now that it is clear that you are following this path, can you give a timeline  that you expect to finish the development
of the BtchAutoTrader development work, and when you will go back to Arbitrage operation. Right now , we have no info as to when you will resume arbitrage operations and start paying divs.

Also , when are you publishing the BTC account details?

Sorry, I read a lot (even if not everything). Is there currently any option to sell these shares? If yes, does anyone can kindly point me how to to do it?
Thanks.

no time schedule at all? we should know how much time it will take to get our investment back. 

So it is a scam already?
Do we still have any chance to get our money back?

Where you at bentley? Time to report back or kindly give us our money back and dissolve your hedging service. Good karma or bad, your choice.

Guess ole bentleysui decided to go the bad karma route eh?  Truly disappointed!  Chalk up yet another loser for CS.  Not that it really matters since we can't even withdraw our own bitcoin atm

Dear investors,

Yesterday is China's legal holiday Dragon Boat Festival, We are sorry we can't timely reply to your questions.

The latest announcement is as follows:
1. We have a good development progress, there is no new problems.
2. we're adding some very useful function, this will not affect our progress.
3. Because we still discuss software pricing plan, so we haven't officially launched the sales plan.
4. We will abide by our promise: The software will be released in the future 3 to 5 months (from May 5th, 2014).

If you have any question you can send email to btc@ejustech.com.

Best regards.

I think this is more like a good karma route. Good for him, of course. We, the people, have granted him a good house, a good car, and several years of carefree living.

I wonder why cryptostocks still labels them as "white". I've contacted them several times, still no reply.

Oh, new promises. Please remind me, have you ever kept a single promise before?

Let's get back to IPO BTC discussion. As we already know, the IPO BTC is gone.
However, you have launched that strange voting for "publicly disclosed the latest trends of IPO'BTC".
So, where are they? According to the voting everyone wants to see them!

Have to say, the statistical work is more complex than we expected, but this week should be completed.

Until this question is answered I'm still inclined to think this is starting to smell scammish.  Benleysui, please respond to this gentleman's question.  Any degree of transparency couldn't hurt your cause at this point.

Screenshot's of "upcoming product"?

Something

Dear nwfella,

That is a good question, yes, we have the obligation to release the information to investors.
So we have considered that the questions from you and other investors, and public announcement.
And when the software released, you can get the dividend.




And for this question you mentioned,

About the software development process, because usually need to add or delete some functions,
there are a lot of changes in the GUI, we have to put the art design work in the final phase.

In the meanwhile, in order to prevent competitors copying,
we need to secrecy on the main function of the software, hence we have not been share the screenshot.

If you think that we release the screenshot can improve investor confidence,
We will consider to announce the screenshot (not the main function), but not regularly and will do some art design work.
Although this will increase our workload, we also like to see that the investors trust us in this way.

If you have additional questions, please contact us any time.

Best regards.

Just to summarize what you are saying;

1.   With regards to when you will resume arbitrage operation-
            -   You will restart 3 to 5months after May 5th 2014.
                (i.e sometime between August 4th and October 5.

2.    With regards to request for accounts of the about 750BTC raised in the first
         IPO for arbitrage trading-

              -   The work involved was more than you expected and you are now expecting it to be available by the end  
                 of this week June 7, 2014 (2.5 weeks after the vote by investors requesting the info).


I think it may suffice to just give a cold wallet address for where the BTC is parked , so investors are assured.

Also don’t you think it absurd to raise about 750BTC for arbitrage trading and on completion of raising such funds to now park it for 3 to 5 months of inactivity. Essentially doing nothing according to you. Would it not be better to have the arbitrage operation going on simultaneously with your software development.

 Right now your current IPO  shares  sales is going very slow and would probably remain slow , because there is no incentive for the informed new investor. A new investor coming in will see a company  that is supposed to have 750BTC parked idle somewhere doing nothing , trying to raise another 1000BTC for software development.

Something does not add up.

Your initial unique value was your arbitrage application, which you used to raise 750BTC. This has now been effectively parked for 3 to 5 months, as per your plans. I wonder, if you are able to raise BTC in this current IPO, by the time you want to start the coffee shops, will you be parking both the arbitrage operation and software sales so you can raise money for the coffee shops?.

Things are not adding up quite well.

We will focus the work on the software selling and exchange operation, we believe that the software selling is better than use it ourselves.
And we will do the arbitrage if we have the spare money and leisure people.

About the coffee shop, you can see that from the announcement before AUTOTRADE upgrading, we put this in the final, and it is not the most important work in current phase, it is a possible future investment we considered.
And we will not stop the core work to turn to other things.

Now there are many investors agree us to put the point to the software development, they know that it is the best time to do this work.
If we do not do that, when the competitors do first, everything is so late.

We are still recruiting more people to join our team and work, so there is not enough people we have can do arbitrage.

For cold wallet address, we never have it.
Due to the money we have is flowing all the time,
we have created more than 10 accounts in every exchange, in the meanwhile need to save money to the each account, for pressure testing and concurrency tests.

All these we said is want you can understand more about us.

Beside, because there are some not friendly comments in this post, for team work mood, now only myself maintain the post.
And at the same time I have a lot of software development work to do,  so I could not online and reply every comment in time,  please kindly understand.

Best regards.

Thx for the comments, Bentley. It's naturally frustrating when anything involving people holding other people's money doesn't go as planned. But, if you and the team are diligently doing your best to crank out a selling product which will make us all better off going forward then I applaud you guys. Try and see things from the other angle as many of us have been trying to see from yours but just haven't gotten all the facts. I'm sure the language barrier has something to do with it.

Thanks again for your support!
I'm sure we get over all the difficulties.
Be patient enough to wait for our good news.

Dear investors,

As we have said before, in order to prevent competitors copying,
we need to secrecy on the main function of the software,
hence we have not been share the screenshot.
But we can share some work screenshots by our own testing tool.
We hope that you know what we are doing.

Best regards and thanks for your support!

http://autotrade.qiniudn.com/BATimage005.png
http://autotrade.qiniudn.com/BATimage039.png
http://autotrade.qiniudn.com/BATimage055.png
http://autotrade.qiniudn.com/BATimage057.png
http://autotrade.qiniudn.com/BATimage069.png
http://autotrade.qiniudn.com/BATimage077.png

Any idea when we might be getting another update on this venture?

Sounded like they were gonna be up and running sometime around August to October iirc. There's been a steady stream of people buying shares on CS, according to the books

Oh, Chef Chef Chef...  You find the best ones.  How do you do it?

http://networkarchaeology.files.wordpress.com/2012/01/divining-rod.jpg

http://s15.postimg.org/4d07k7qyj/Capture.jpg

Lambcrotch, people take fractions of coins and speculate on securities and alt coins all the time. My God ::)

Sounds like yet another asset (cloud) is leaving CS.  This is making me a bit nervous.  Glad they at least asked for disclosure of shares.  If you guys haven't disclosed this stuff I would recommend doing it.  Plan on doing so for whatever other few shares I have as well and contacting each in turn to make sure they have a backup plan for scenario in which CS goes away.

Screen shots look great bentley, just wish I could make some of it out :)

Looking forward to your next update.

Well, "this week" has passed, and a couple of "next weeks" too. Blanking of this voting proves a simple thing - AUTOTRADE was a SCAM from the very beginning. Endless empty promises, constant lies, and over 500 BTC already stolen. Hope we will forget it? Nope. Scammers do not and should not sleep well.

From what I gathered back when the wheels initially fell off was that these guys needed BTC-e to operate but then China banned it to which I replied for them to either get a VPN or move the operation to Hong Kong. Got no relevant response other than they were going to fix this software for future sale in a few months. Other than that, who freaking knows.

bentleysui was last active yesterday and I have to assume he's been reading this thread.  Not looking good at all.  Don't know whose still buying these shares but whoever you are you are more than likely throwing away satoshi's it appears at this point.

They are buying their own shares to create positive uptrend and involve others into it. Just like they did with the first IPO. An old trick - all they could possibly lose is CS fee, but someone always gets caught and buys the stock, which easily covers fee expenses and creates profit.
And then they vote with these shares for anything they need to.

True enough.  Going to shoot them an e-mail and see if I get any sort of response over the next couple of days.  I'm assuming I won't so will be back to post negative feedback on the likelihood that this is a scam.

Dear investors,

We recently posted on CS a few announcements,
We hope that everyone can go to have a look.
If everyone have additional questions, please contact us any time.

Best regards.

Are you referring to the announcement made on CS on the 2nd or is there a more recent update?

nightmare on cryptostreet

Yes, The latest is on the 2nd.

Ok.  Thanks for letting us know.  Can you give us any sort of timeline as to when the autotrader product will be entering beta?  Are you allowing shareholders to participate if semi-public beta is held?

Bentleysui, it's been almost two weeks.  Any chance of getting another update soon?

Dear nwfella,

Next week we will have a new update to investors.

Great news.  Really looking forward to hearing your update.

Just in case anybody whose interested that didn't catch the latest autotrade ann. on CS here it is:

July 26th @ 00:44
The latest announcement
Dear investors

The latest announcement is as follows:

1. We have a good development progress.
2. We added the user of reseller.
3. We are now the main work is optimized the data request mode and performance test.
4. We will release the beta version in mid to late August.

If you have other question you can send email to btc@ejustech.com.

Best regards.

Sure looking forward to seeing what they bentleysui and company have come up with :)

Bentley, I know you got some good news to share w/ us. Dividends? ;D

Dear investors,

Our product version 1.0 has been finished of the development, it was being user acceptance testing and multi-language setting.
The invitation of the Alpha will be sent to all shareholders on the weekend, you can attend this free trial event.
Please wait for our formal notice.

Best regards.

No invitation alpha for me as of yet :/

Dear investors,

As we promised, the arbitrage platform version 1.0 has been developed completely and will be online of trial operations.
In order to thank you for your always trust and support, we sincerely invite you to participate in our alpha testing.
You can apply for participate in this activity if you have few shares,
in the meantime, all functions of the platform were free to use for you.

【Qualifications】
Due to the limited quota, we decline all non AUTOTRADE investor,

• 2014/8/25-2014/8/31，All holding more than 10 shares of the AUTOTRADE investors
• 2014/9/1-2014/9/7，All holding more than 100 shares of the AUTOTRADE investors
• 2014/9/8-Testing End，All holding more than 1000 shares of the AUTOTRADE investors

【How to apply】
    1.Disclose your email in cryptostocks.
    2.Send the "Application Form" to btc@ejustech.com.
    3.The application will be audited and confirmed.
    4.After the approval, please wait for we will sent the license to you.

【Award】
During this time, you can send the problem of the platform(includes function bug, incorrect strings, suggestions) to us,
according to your contribution degree, we will give you some awards.

The arbitrage platform alpha testing and free trial Application Form
-----------------------------------------------------------------------------------------------------------

• Your AUTOTRADE investor email:
• Your AUTOTRADE shares quantity:
• The exchange you usually use:
• The crypto-currencies you usually use:
• The web browser you usually use:
• You currently in the country/region:
• What's your favorite kind of way to trade:

            PC Web Browser
            Android Web Browser
            IOS Web Browser
            Windows Client APP
            Mac OSX Client APP
            Android APP
            IOS APP

Your reply is very important to our future upgrade.

Best regards.

Our invitation just has been sent, you are welcome to apply. :)

Application sent, awaiting verification.

Let us know how this goes, my free time is very limited atm.

Will do.  Doing some arb trading myself all manually atm that is working out well (could certainly be better) but interested to see what they have.  As of now, no further word from them.

The firt batch of alpha testing license will be released.

Dear investors,
 
We have received many license application forms.
The firt batch of alpha testing will be released to the investors whom be verified.
For each batch of license will be released by a unified form,
If there is any investor want to get the license but did not send the application to us,
Please send the application form to us asap,
So as not to miss this chance, thank you.

Best regards.

I'm a little unclear about what's going on here. Are you giving us first crack at using your arb service before you put it on the market or what? nwfella, anymore feedback?

Nope.  Haven't heard anything back from them yet which is surprising given they are making announcements on CS regarding the imminent release of their product's testing phase.  Starting to get a bit worried, will see if they respond to another e-mail this evening and let you know if I hear anything.  So far this trading between exchanges stuff by hand works but it's tedious as <beep>.

Fascinating...

indeed

Actually they have sent me an invitation to apply for alpha testing yesterday:

http://www.bitigl.com (http://www.bitigl.com/registration/BORPEM3O)

Dear nwfella,

We are glad to inform you,Your license application is approved.
If you have received the approval notice email,
but not got the license, please follow the instruction of the email to operate.

If there's anything you haven't understood, please let me know.

Best regards.

Dear Ramsay，


Yes, We will giving you first crack at using our arb service before we put it on the market.

Best regards.

Arbitrage tool alpha testing(free trial) License Release

Dear investors,

We are glad to inform you:
We have start to release the alpha testing license, and some users have received it.

If you have received the approval notice email, but not got the license, please follow the instruction of the email to operate.
If you have not received the approval notice mail, there may be the following situation:
    1.You did not submit the application form.
    2.You did not disclose the email in CS.
    3.You submited the application form do not meet our application conditions.
But the alpha testing invite continues, you can update your application form and send it to us for the application.
application form url: https://cryptostocks.com/announcements/3296

Through our observation, Although the rate of the BTC(and other cryptocurrencies) changes is moderat lately, but our product still can find some arbitrage opportunity.
For this, we hope all the user can skilled use our product as soon as possible, customize your own arbitrage strategy, and make more money...
http://autotrade.qiniudn.com/arbitragestrategy0916.png

Finally, We are glad to see that more investors join us to use the product and give us more advice, find more bugs, help us to make the product more better and perfect.

Best regards and thanks for your support again!

Hey Ramsay, just wanted to let you know that I did indeed receive an invitation e-mail to try out autotrades arb. services.  I will be taking a closer look at it tomorrow when I get some free time and I'll try to post back what I find here in the thread.

So, I guess we're done here. :P

Yep, another scam story has finally come to an end.
Hey, bentleysui, how's your sleep?

There's an update on cryptostocks....

Dec 1st 2014 guys.....

Hmm, in a nutshell per CS
Can any of the Alpha testers tell me what's going on here? If legit, I imagine this Beta will be an improvement yet frankly, it's been so long than I don't even know what the product is or how we're to profit from it - if in fact we do. :D ??? Also, who are the buyers for this - whatever it is?

 :) Beta has launched -> http://www.bitigl.com/index (http://www.bitigl.com/index)
The First Cryptocurrency exchange that offers cross Currency Pairs for arbitrage
Pretty neat site

Why is AUTOTRADE still in IPO on CS?

=squeak=

Dear,

We don't know why we have cancelled all sell orders, but still can't close the IPO flag.
We have to contact with CS-customer, please wait for further news.
https://cryptostocks.com/announcements/3783

Therefore, the inconvenience caused to you, please understand!

Best regards.

I wrote to CS support.
This is one of the most pathetic BTC stories I've been involved in, since months.
Luckily, not so much of my money has been trapped in this mediocrity.

Of course it is evil CS, who is now holding the IPO flag, and of course we'll wait another year for further news.
Please continue to be so miserable and pathetic, do not disappoint us!

Autotrade is one of the biggest IPOs over there so I can't imagine that CS would not jump in the mix and help Bentley out on this. Is this supposed to be what's holding up divs? Woulda thought w/ the new site and product up and running that there would be some regularity to this operation from here on out.

CS management has basically gone unresponsive... guess he got tired of his hobby and abandoned it...

=squeak=

Time to shell out a dividend, bub. Shore up your rep and spread the wealth.  :P We want to see what Autotrade is bringing in and eat some lobster since May or so. ;D Go Bentley!

bentleysui have you managed to make contact with Kumala yet, when will he manually remove the IPO flag in this stock ?

This shouldn't really matter as dividends can still be paid regardless and that's what needs to start coming out on a regular basis to prove the product is being sold and that the wait was worth it. If not, stop pretending like something is actually going on here. Finally, if there is a legit business going on here, Mr. B needs to be more active in his thread here about keeping his investors up to speed on what's going on. The lack of contact in this thread is annoying.

Dividend should of course have been payed every week for the period it has been missing to based on the profit made during that time, no vote can change that as it dident excist any clause for changing the contract AUTOTRADE have with its shareholders.

The ipo flag is still open but the order book doesn't show any available prices to buy at, unless I'm mistaken. The last bought share was on 12-10-14 and were being bought periodically up til then so something doesn't look right. If Bentley would get his ass back here and help us understand what's going on besides the damn ipo still being open, we could move forward. Furthermore, there should be a dividend payed now and it's the current active holders that should be payed esp if the others have jumped off a cliff at this point or don't care. I had given up on this show until Bentley popped up last month with the new website talking about the beta and the upcoming dividend. What's the point of being awol for ~6months like Autotrade was and then returning like they indicated they would to merely play games about the fucking ipo being open still? Really? and now nothing? Bentley, just say that you're done and we all move on. Your karma is yours.

It is taking too long, whenever the IPO flag is lifted somehow i'm going to dump all i have (unless you tell us what the dividend plan will be)

Unless they start paying dividends then no one will buy those shares anyways. This is all on Bentley to get things rolling again like they should be after they had all the time in the world to do what they needed to to get this product in the shape it needed to be in to make sales.

And poof.

http://www.ejustech.com/ 

Gone.  I've reached out to them via e-mail but at this point not really expecting much of a response.  If I receive one I'll be sure to update this thread again.  Other than that, it appears as though we have yet another loser on Crypto::Stocks.

Bitigl is their website that does the arbitraging and whatnot but I just wonder if any of the past/current shareholders are still regular cruisers over here. This is their first correspondence in 4-5 months so what was the point of even posting this on cryptostocks at this point if they're not up and running but clearing off of CS? Anyone got anything constructive to add?

Bentley, what's the deal?

Few more days and this supposed transition should be complete. I would think that if the likes of Bentley upped their update on CS that they'd check in here to see what's up and make their points about what's coming up.

Ooops! Almost missed this thread. Let's see how this going to pan out :).

So I'm guessing now we will need to pay them to be able to trade (dump) their shares... Lol... How unexpected

Can't say I'm bullish on this considering Bentley should've already come in here to share the update, not leave it hanging over on CS w/ a cut off date where almost no one would catch it. Try contacting them on their website and see what kind of customer service you get.

AUTOTRADE is in no position to, and has no right to demand that there shareholders act within a specific very short timeframe or else they steal there shares, autotrade should follow there contract and pay the dividend that is missing for a year or so, when they have fulfilled that, then they can start talking with there shareholders if they like to change anything in the future like where the shares should be listed and such things.

I agree with you and their rationale is supposedly cause they can't get CS to close the IPO. Nevertheless, they've yet to answer for not paying dividends for quite some time as the deposit/withdrawal functions work on CS as I withdraw my monthly div from CVFS with no problems. What makes no sense is why Bentley and co even posted an update message on CS at all, indicating that they were making changes w/ the assumption that they were going to start paying divs at some point. Just stay quiet and pretend like this whole thing is over. My only thoughts is it's a big 'screw you' to every shareholder that would see the update.

Have you guys seen any activity today regarding this?

They just posted the same thing as before a few days ago on CS
And as usual, tried getting clarification from them on this and nothing in return. All you can really do is make an account on their site (bitigl) and use your same email as w/ CS and see what happens. On CS, if your settings is done so that your email can be seen by the IPO holders then they can see your account and the shares you have. I don't know what else to say.

I see that they made a new announsment on CS the 20 april:

"Announcements

Ticker    AUTOTRADE - BTC auto-trade software development
Date    20 Apr 17:52
Transfer of AUTOTRADE project(remind again)
Dear Investors,

We are so sorry, we are still unable to close the IPO Flag,
We try to contact CS customer service a lot of times,
but until now we hasn't got any reply.

We had planned to transfer to other trading platform,
but because we have a lot of shareholders,
and everybody shares are not the same,
so we can not transfer to other trading platform,
Through the evaluation, we decided to develop own trading platform,
because we believe that this is the most secure,
and you also can trading、deposit、withdrawal and dividend.
After hard for months, we have complete development, and it can worked now.

So from now on, we will start the procedure for the transfer of project, the process is as follows:
1. Disclose your shareholder mail in CS setting, we will see your email and shares.
2. Use your shareholder mail to registered account on bitigl.com.
3. Step1 and Step2 must be completed before 2015-04-22.
4. We will download the shareholderlist in 2015-04-22.
5. We will give each shareholder of the shares transferred to the bitigl.com account.
6. We will confirmed again and open trading function in 2015-04-23 15:00 (GMT+8)
7. We will close the AUTOTRADE project of CS in 2015-04-30.
8. All new announcement will be published on bitigl.com.

We believe, bitigl.com will provide you more safe, reliable service.
If you have any questions please feel free to contact us.

Best regards.Dear Investors,

We are so sorry, we are still unable to close the IPO Flag,
We try to contact CS customer service a lot of times,
but until now we hasn't got any reply.

We had planned to transfer to other trading platform,
but because we have a lot of shareholders,
and everybody shares are not the same,
so we can not transfer to other trading platform,
Through the evaluation, we decided to develop own trading platform,
because we believe that this is the most secure,
and you also can trading、deposit、withdrawal and dividend.
After hard for months, we have complete development, and it can worked now.

So from now on, we will start the procedure for the transfer of project, the process is as follows:
1. Open your shareholder mail in CS, we will see your email and shares.
2. Use your shareholder mail to registered account on bitigl.com.
3. Step1 and Step2 must be completed before 2015-04-22.
4. We will download the shareholderlist in 2015-04-22.
5. We will give each shareholder of the shares transferred to the bitigl.com account.
6. We will confirmed again and open trading function in 2015-04-23 15:00 (GMT+8)
7. We will close the AUTOTRADE project of CS in 2015-04-30.
8. All new announcement will be published on bitigl.com.

We believe, bitigl.com will provide you more safe, reliable service.
If you have any questions please feel free to contact us.

Best regards."

But i havent seen anything else from them.

I don't know if any of you have been perusing their site but you should at least go check out their help page to get an understanding of what is going on over there - http://www.bitigl.com/help (http://www.bitigl.com/help). After all, all my shares of AUTOTRADE from CS have been transferred to the account I made over there per their instructions and they're called DPT or dividend points. Hopefully, yall made accounts over there and can view your DPTs by logging in, click user center in tool bar, then hit finance in the drop down menu, then scroll down to the bottom where you see system rewards and there you should see your transferred shares under DPT. I'm not entirely clear what happens w/ DPTs other then you get dividend payments for those past shares but I'm not sure how often - perhaps every monday as this originally started out. We'll have to see.

As you'll see on the help page, you get daily log in reward points or RPTs in increments of 10. Apparently, those can be converted into BTC or DPT. Just check out the help page after you log in and peep your DPTs and perhaps we can collectively figure this whole thing out. Oh, and they're matching your deposit of up to 10 BTCs to get rolling on the arbitraging which I've yet to look into nor try out.

Oh and it just dawned on me, if you look at the top left corner of the site the going rate of DPT is .008BTC. Again, not entirely clear if you can redeem DPT for BTC or if you just sit back and collect divs off of them.

Thanks! I've seen it. That rate seems to be a bit optimistic for me. On the DPT trading page the prices are much lower. I guess that was the last trade or something like that but it was the same before they completed the transfer. So I guess that rate is some sort of "leftover" from testing.

I hadn't made it that far and don't remember the DPT page, will have to have a broader look at things over there - it's a pretty slick site and looks like they put plenty of effort into it. This is pretty much day one for everyone realizing that this is a go over there so there won't be bids piling up for these DPT shares in any magnitude for some time. We definitely need to figure this whole thing out as clearly there's a communication barrier. Someone should post their experiences using the arb stuff.

I read about the Transfer announcement only today.
Does anyone here have completed the migration? Or was it just another bullshit?

We're going on 5 months, I don't know so you should tell me. I'm of the opinion of just forgetting this one. Do you have some serious resumption plan for this and what it means to the community? I don't in the least part. A waste is what it is.