Im sure it has to do with vague regulations and not a lot of lawyers with knowledge to navigate them
Its either A, security, or B, not security... With only one written document on the subject, so it really only depends on interpretation. But still, interpretation only pertains to 2 choices. Its laughable this has taken more than 3 billable hrs. Laughable. |
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So probably when its been 22 days and you post in telegram "announcements" itd prob be good to EXPLAIN what the exact holdup is with the lawyers! Lol😂
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so people just post FUD to shamelessly advertise their crap via "signatures" thats not a signature its a.fkin google ad! how much you get paid for that and who invited you to post your ads here?! i dont know about everyone else but.my statements to you if your not advertising kmd when you post this thread is F* off! and have a FUDdy day haters!
Speak the truth brother!! |
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Hire faster lawyers.
Can we go with good lawyers over fast lawyers instead? Thanks Most good lawyers are fast also. Thanks. |
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don't bother with bob anymore. He doesn't want to resolve anything now. Intially I thought he was, but now his
just complaining to make his life feel better.
After it kept repeating itself yet still managed to miss the broken record reference I put it on ignore, I don't imagine anyone will miss out on anything if they do the same. Who knew walls could cry so much yet say so little. You mean like how its been 22 days without you making a formal announcement to your investors on wtf youre doing with their money? |
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What's up with mass token, I've lost follow up with what's going on...can someone brief me
They are awaiting legal council before they get on with the ICO and ppl freak out . That kinda sums it up Pretty much. Hire faster lawyers. There have been criminal cases completed faster than their "lawyers" have taken to analyze one sec ruling. Thats the thing, theres only one ruling by the sec on icos? What can these lawyers possibly be looking at? Its either a SECURITY, or its NOT A SECURITY. And this takes them since the 25th of july to figure out? If its in the grey, call it a security. But this is precisely why this whole thing smells like shit. Because no one in their right mind could possibly buy that this delay is legal. Its calculating and its getting ridiculous! |
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Bob, I've read all you posts on MASS, you seem like you need a hug dude. I'll purchase all your presale mass at cost from you, this will free up so much of your time. You could learn to paint, or make handi crafts with popsicle sticks and yarn, you could possibly even learn to knit. I'm so glad I am able to offer assistance to you in your predicament, just tell Yak when you want to sell your presale MASS, I'll facilitate ASAP. You have a great day now, talk to you soon...
Telling yak who can buy my preico tokens is not a democratic move, and goes to show you have no idea about the supposed functioning of this coin or its supposed community. |
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Continuing with more red flags: if this project is supposed to be democratic, A: why not let everyone vote if there should be a refund, instead of mass acting like a monarchy and telling everyone what they are and aren't going to do?
B: if it is a democratic project, how do you decide which members get to buy other ppls preico tokens? Do you let the whole community vote on who can buy the tokens, or do you decide based on favoritism or cache? Because the democratic move would be to refund ppls tokens with their own money and you to pool those tokens with all other tokens thus allowing a larger pool to purchase them once the ico continues.
C: i just dont think people are looking at this from a value perspective... Imagine for a second all the projects you have been unable to invest in while mass holds your eth hostage?there have been at least 3 projects you could gave at least 5x your money with.
But keep shouting blindly that these guys know best...
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20 days and counting now with no announcent on telegram, no update, no nothing, when mass explicitly stated in would be by the 9th at the latest. Top notch guys.
IF, you all come back and say its NOT a security this will have been a complete waste of time and resources.
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Mass is not a security. It's a pool of funds that stakes the tokens.
Lawyers ive spoken with, and lawyers i know for several high profile icos, think its too fine a line. If it was that cut and dry, it wouldnt hv been 19 days and counting since mass' last public announcement! |
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First of all, you don't know this is a security because it differs from the DAO, there's alot of variables that come into play here. Stuff like that the MASS token will be needed to use the service kind of makes it more difficult to name it (my memory is failing, too many projects reviewed so correct me if im wrong here but that's how I see it).
Second, they have no obligation to reset the ICO since it was stopped, however resuming it will be harder without council. If enough people feel that they missed the refund offering, they ought to announce another one properly. The reason they haven't done this I reckon is because there's 2 guys that want this.
IF there's more people in here that wants refund, you better speak up, and we'll see what they decide.
I'd take a refund if this was anonymous (triggered through wallet as before) Nobody has gotten a refund since the refund window was closed weeks ago. No refunds have been mentioned after that, nobody has gotten a refund after that, there have been instances where people have had their mass pre-sale bought out. If anyone would like to do that, as has been stated multiple times, we do have people who are wanting to buy and we will facilitate the invalidation of that accounts pre-sale mass address and then credit it to the purchasers address, since pre-sale mass is technically 'non transferable' this is how it works, private deals obviously are people attempting to scam, so if there is an intention to do this contact someone who is part of the mass team via email: support@mass.cloud. Dont know what youre waiting for, youre going to have to refund everyone since mass is a security. Are your lawyers better than bigger icos lawyers? |
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First of all, you don't know this is a security because it differs from the DAO, there's alot of variables that come into play here. Stuff like that the MASS token will be needed to use the service kind of makes it more difficult to name it (my memory is failing, too many projects reviewed so correct me if im wrong here but that's how I see it).
Second, they have no obligation to reset the ICO since it was stopped, however resuming it will be harder without council. If enough people feel that they missed the refund offering, they ought to announce another one properly. The reason they haven't done this I reckon is because there's 2 guys that want this.
IF there's more people in here that wants refund, you better speak up, and we'll see what they decide.
Its a security. It offers a payout. |
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Defining a security, which mass is, since it offers a "dividend"
Page 10 of the SEC DAO Report "Accordingly, the Commission deems it appropriate and in the public interest to issue this Report in order to stress that the U.S. federal securities law may apply to various activities, including distributed ledger technology, depending on the particular facts and circumstances, without regard to the form of the organization or technology used to effectuate a particular offer or sale. In this Report, the Commission considers the particular facts and circumstances of the offer and sale of DAO Tokens to demonstrate the application of existing U.S. federal securities laws to this new paradigm."
And many of you pay taxes i assume, and a few behind the scenes upper level people at 3 MAJOR icos have told me Ether will be horrible for tax purposes as a payout.
So, refund everyone's money, since you have NO WAY of knowing who the us based customers were, because if you allow them to stay on will maje you liable, and then restart the ico or whatever the heck you wanna call it once you get your whatever you wanna call it together.
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Or maybe i should try this with a few of my clients. Tell em ill get back with them in a few days tops and then call them a month later and see if they still want to hear my pitch?
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Thanks for providing the links to BitcoinTalk and Reddit confirming you offered payments refunds for a short period. I was travelling over those three days and missed that at the time.
I like the concept of the project very much. I follow @notsofast on Twitter who compares a masternode of Dash to a piece of Manhattan real estate. If your project can enable retail investors to participate in Dash and other significant masternodes then that is a great business plan.
I remain concerned by the risk that the SEC might interpret the MASS token as a security. And I would appreciate an answer to that point.
That is exactly what we are waiting on with our legal team: 1) a letter of opinion from them (which we will be sharing with everyone) 2) a 'roadmap' from them with steps/guidance on how best to proceed Right, but it shouldnt take them 18 days and counting to figure it out @600 per hour! Lol. Its a simple interpretation. Either you a security or not, which if you offer a payout, you are. Bam, and ill only bill you 5k.lol. |
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Well the maybe you
Maybe you should check your record for scratches. Well if you can't even post a simple announcement its precisely why this feels like a scam. So check yourself genius. |
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Now, that mass is responding, maybe they can answer why they havent responded with a new announcement when they said they would 6 days after the 3rd of august? Hello there! "Within the past several days we've been in touch with easily over a dozen firms and attorneys in addition to the counsel we had on board and we're confident with whom we've chosen to analyze our structure, business model, and overall strategy. Again we should have official updates for everyone mid-week next week and look forward to moving forward with you all. Again, thank you for your continued support." Because we haven't gotten more information yet. Still waiting, as has been said. Well the maybe you should post that on your Announcements page, or maybe you shouldnt lie in your first announcement, and instead say," well post when we know more info." either way, with all of these delays which are now taking waaaaaaay longer than originally anticipated... Its probably best you refund EVERYONES money, and then once you all get your shit together, maybe then try and run a multi million dollar company? How bout dah? |
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Now, that mass is responding, maybe they can answer why they havent responded with a new announcement when they said they would 6 days after the 3rd of august? Hello there! "Within the past several days we've been in touch with easily over a dozen firms and attorneys in addition to the counsel we had on board and we're confident with whom we've chosen to analyze our structure, business model, and overall strategy. Again we should have official updates for everyone mid-week next week and look forward to moving forward with you all. Again, thank you for your continued support." |
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You must be a dumbfuck.
They've clearly said about refunds, I've heard of it, I saw it, I read it. Not on telegram at all.
Quality links you provided, bit I wouldnt expect someone as smart as you to provide those as proof of what youre talking about. You probably dont know how to paste links on here yet considering its just your 8th post. |
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Guy who committed 40 ETH here and not happy.
Someone said:
They offered refund on bct, twitter, email, telegram. I'm pretty sure that gave us all the opportunity we need.
Please show links for offer of refund on BitcoinTalk and Twitter. There were no such offers.
I received no email with offer of refund.
I am not on Telegram.
Yea my mistake, I thought I saw an offer of refund on twitter but only found the tweet about the manual refund being complete. Bct and telegram is correct atleast. There was no announcement ANYWHERE but telegram for refunds, but the key deal is if they were so honest, then they would offer refunds after every snag, rather than just picking one. |
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