I will currently be suspending all interest payments and withdrawals.
As I receive coins from the various things that I have going on I will start sending people's principal back. I will also be purchasing coins from my personal
funds. Interest that has been paid out will be deducted from the current principal. The reason for this is I would like to get everyone's principal
back before anyone receives anymore interest. I am not able to give a timeframe on the repayment as there is alot of factors that can effect it. I know for sure it won't be
weeks or months, but more then likely in the ballpark of 3 years.
Why did this happen?
Over the last several weeks, I have had alot of depositors request their funds back with no new deposits. I have been able to process these requests up until now. I was also buying mining equipment and had some bad luck with some of the new vendors on the forum. I put in some large orders that I never received the equipment in a timely manner, received equipment that really didn't work up to spec, or was forced to take a refund at a higher BTC price. Finally I did make a mistake and invest a portion of the funds in BTCST along with with some personal funds.
I do feel very bad that this has turned out this way. I will do whatever I can to get everyone paid back. I am also at a personal loss. Payments will start going out Monday 9/8/12 9/10/12 EDIT. This will be a slow process, so please be
patient.
This is absolutely funny.
3 years? Oh right he is still here...well the same could be said about pirate and his promises.
Also in his thread he mentions being a 15 year old...LOL!
Yup all the PPTs are going to start bending their terms with their investors and possibly running eventually.
I don't see this ever being paid off.
But you can all hope.
