seed coin is moving to traditional shares (supposedly) so they wont be on havelock anymore soon enough. i'm getting so jaded, looks like every security is bullshit. either they are outright scam, or they just dont know what the hell they are doing and can't produce. either/or, take your pick. everything ever offered is fail. people will look back on this whole mess in the future and laugh. "oh yeah, the great btc securities sham of the 20-teens. the wild west of crypto, man! crazy times. Lotta peeps lost they shirts! whoo-ee!" thats about the long and short of it. I know I've lost more than I care to admit. oh well...shit
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so as i understand they have a taped out chip ready to roll. FC is MIA and took all funds with him, but who holds the taped out chip? This has to have some value, no? of course, time is of the essence... how long do we sit around with thumbs up arses before trying to salvage what we can with this chip design? oh, right, we wait until the design is obsolete and worthless. ok. got it. i dunno what happened to FC, but the rest of AM sure aren't doing much as far as i can see. shouldn't they be able to take action with the company without him? i cant believe he did everything there... besides designing chips and raising funds, doesn't seem like anything much really went on there anyways...great fuckin company. and what about FC the man? if i knew someone who went missing like that, i would be all over his personality, is he shifty? manic-depressive? who does he know or talk to that might be nefarious? everyone has dark areas to their personality, no one is a saint. drugs? probably not FC... gambling? maybe, i don't know the guy. mabey hes prone to strange outbursts, takes stupid risks? my point is, no one speaks anything to the peculiarities of his individual character. a cop would ask this stuff. is he missing because he ran, or is he missing because he ran afoul? if this is some exit scheme, its a really intriguing one. i mean, if its anything besides a giant glaring embezzlement, who would even guess it to happen? maybe the whole bitfountain is in on it? all those 1000btc transfers...piecing off the rest of the gang, they all take their cut and go "gee, i dunno where he went? crazy, oh well, whaddaya gonna do? geez." ill just bring up this little chestnut right here again, the second slide down, from the "salon" last summer. FC explains how they are going to throw in the towel and take all the shareholders btc using a fine working model from the recent past never did get any sort of proper explanation about that slide, nor anything that was discussed at this salon. only the most cursory of bullet points. you don't do a day long thing and have 30 words of infos to relay. unless theres plenty info you dont want people to hear.
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what trial? he has been issued fines by the Missouri securities division. If he fails to pay these fines I guess he will be criminally charged. white collar jail.
as far as shareholders being compensated, I'm not entirely up on American law, but as far as I know, this is a civil matter, and shareholders will have to launch a class action. The probability of winning this type of action is pretty good considering the findings of the MSD, he has basically been found guilty by them, so it is merely a matter of getting a lawyer to drag it through the courts and the lawyer taking most of the money, if there is any to be found.
On the bright side, at least Kenny is having his life ruined.
I could be wrong about these details, like I said, I am not familiar with American law, but as far as I know, it works as explained above. If someone has better knowledge please correct me.
And one more note. Don't invest in anything in this sub. don't invest in any unregulated security anywhere anytime. EVERY. SINGLE. ONE. IS. A. SCAM. While bitcoin flatlines, many become impatient for gains and fall prey to these burn/fail/ponzi/scams. DON'T DO IT. I can tell you for a fact, I tried a handful of these jokes and lost everything I put in. and reading the threads, even the ones I didn't invest in all failed to deliver. The only people here who have anything good to say are lying; trying to sell you on their scams.
EVERYTHING HERE IS A SCAM. AVOID!
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If you are trying to raise capital here it means you are no better than every other offering that has ever gone before in bitcointalk/securities, i.e. Doomed.
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If havelock would bribe me 30 BTC today I will gladly take it over to MPEX Tuesday
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he hasnt resurfaced in too long for there to be any sound minded business reason with regards to the value of AM as a going concern. Either he is missing because he has cut and run, which doesn't make a lot of sense unless there was some sort of failure he is personally responsible and wont own up to, or he cant return because of disaster from outside forces such as illness, death, criminal intervention.
I keep looking at this and freaking out, thinking the worst like many of you, but I do honestly believe, deep down, that if FC could have avoided disappearing, he would be available and working the master plan, running the company at any cost. It is simply of more value as a legit entity, operating as it has in the last 2 years, than it is as a shady exit run. Why raid the cookie jar when you can own the bakery?
too many things don't add up for this to be a cut n run scheme. Not that I don't have moments of paranoia (fed by iCEbreaker, NLC, Tiggger et al, fuck you very much) This company has struggled, but managed to maintain anyway, up till now.
Besides, a true rip-off artist in FC's position would let some divs dibble out for a few weeks, causing the share price to skyrocket, then sell off his shares discretely amidst the panic selling, profit HUGE, then disappear.
That it is most likely that FC has met with some sort of illness/disaster/foul play/death, is absolutely just as bad news as scam anyways...
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makes sense from what i know of the Italian legal system. Italian torpedoes, very slow. the good things I'm hearing about Italian law is; they take fraud VERY seriously and pursue charges to the end. also, there have been many cases in recent years targeting digital crimes. Hopefully they are aiming all their guns at this labcoin fiasco. & kudos to VS for his work here, I donated a small bit of btc last year for his efforts. well deserved!
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I agree with holographic on this one. We still don't know where FC is, what really happened. We know nothing. He's gone and AM is dead. AMhash was just a sideline. Wouldn't have existed if AM never had. Why are people now thanking jutural for speculative "promises" about getting money back? He's a board member ffs if he knows anything, which I doubt, he should know what really went on and obviously had been going on since around the time dividends stopped from AM. That's when AM should have liquidated, but I guess FC and co. Wanted to grab a few final btc before fucking off into the night. Anyway, we know one thing for sure, there is officially not a single honest btc security. Nada, they are all fucking shams.
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Jeezus, now the trolls are arguing with their own alts. Too much!
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He's a fucking troll. There is no other reason why he would spend so much time and energy creating these facetious arguments here. Please stop quoting him. I'm so over it
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I'll sell you 100 shares at 0.5 each
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Um It shows about 17000 BTC being spent over the last few days
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CNN don't give a shit about this. User is lying. He hopes that someone will become frightened and expose some truths, but he's an idiot No one cares
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Each time one of these securities shits the bed, each time one of these exchanges fucks up, we move closer and closer to centralized regulated hell that we all sought to escape from in the first place.
great work guys.
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i paid 20 btc and all's i got was this lousy cum-rag!
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Just wanna ask, is there any chance to get VMC refunds at this time?
probably not but well worth the disabuse to hang out here and give zumzero something to chew on (besides his regular diet of yeast infection and diseased loads)
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yeah-i learned the true structuring of the AM AMhash relationship i.e. AMhash is AM's "loss-leader"
its investors are small time fools
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