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Author Topic: [CRYPTOSTOCKS] Private loan pass-through (WIT), Dividend up to 1.2% daily  (Read 10506 times)
WITRcenter
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September 18, 2012, 01:53:07 PM
 #1

WIT

Issued by
W Investment Technology Research Center





Generally speaking, this is a private loan pass-through stock.

WIT will deploy the capital raised by the stock and use them for give payday loan to a group of special people. They have good income and good social networks, but in a certain very special situation, they will like to borrow money from us with a 2% daily interest. We have been in this business for a few months.

As I have sophisticatedly arranged and put my own money in, once the shares are bought, the capital can be deployed within 1-2 days. I will publish financial reports daily. As there could be some delays, so I’d rather say publish daily financial reports. The financial reports will be here:

https://docs.google.com/spreadsheet/pub?hl=zh&hl=zh&key=0ArIvBgSQ8q61dEwzMnA5a2t2TlBpY0g2SDdLUERaekE&single=true&gid=0&output=html

The dividend will be paid out on every Monday or Tuesday.


Thanks for the support of the helping community members. They showed interested in my program in such an early stage of great uncertainty, and they helped me to redo the contracting. I listened to them:
  • Be clear on “stock or bond”. This is a stock, which means that it is somehow risky more than a typical bond. Investing in it you’re at the risk of losing part or all the money you invested.
    Dividend will be paid weekly, but I will publish financial reports daily. Dividend rate is expected to be be 0.2% -1.2% daily, but not guaranteed.
    More detailed operation indicators, but not only capital account balance records. So I will publish financial reports.


Some of the forum members may have known that this high yield program had been in a pre-IPO discussion in the Long-term offer child board. The previous ID I use bring up dramas: Capital One Corporation. I picked up “Capital One Financial” in a novel, and I admire their ability to identify the right people to make them use credit card, high interest, low default rate, low uncollectable loss. I in no way tried to misleading anyone. In my home country, few people know about this name. Hence I just come with this new ID, starting my own brand, WIT, W Investment Technology Research Center.

Trust is something can only be built and broken. I’m now building it. I’m trying to carry out a long term operation in the Bitcoin economy. This high yield security is my first step to build a brand from scratch up. I bet that the hatred will help WIT to grow better in the long term. If WIT have survived and succeeded in waves of accuse, how bright should the credibility be?

-----------------------------
[Contract]

This is a pass-through. The stock will offer investors an opportunity to Share the profit from the financial business I'm running.
 
Estimated daily dividend rate is 0.2% to 1.2% but the dividend will be accumulated and distributed weekly. It is not guaranteed. This Share will be paying dividend after 7 days of the IPO. The dividend rate will be the product of the dividend rate and the capital account balance.  
Each Share will have its capital account. the balance of the capital account is the sum of
(1) The face value of the Share(0.1BTC)
(2) Dividend payable
(3) Retained dividend
(4) Minus BSDs(big special dividend).
 
The capital account balance will be 0.1BTC at the beginning. The balance of the capital account will be published in the bitcointalk.org forum. And the records of the capital account and the financial record is here:
 
https://docs.google.com/spreadsheet/pub?hl=zh&hl=zh&key=0ArIvBgSQ8q61dEwzMnA5a2t2TlBpY0g2SDdLUERaekE&single=true&gid=0&output=html
 
If the capital account balance is lower than the face value, the issuer has the rights to pay dividend as low as 1.5 weekly and retain rest of the dividend in the capital account until the capital account balance equals the face value.
 
The Shares can also be partially purchased back by paying BSD.
 
The issuer can buy back the Share at any time at a price of capital account balance plus 2 days' worth of dividend.
 
Some of the days we have to stop running the business temporarily, and we can make no profit out of the raised capital and I will pay the stock investor a 0.05% daily dividend. Usually this kind events last for 2 days and never exceed 4 days in the history. It will happen 1 or 2 time every month.
 
This investors of the stock is at the risk lose part and all their investment. Though I'm quite confident about the safety of the investment, there is still risk attached to the business itself. The profits are not guaranteed, the dividend rate may be adjusted with a 5 days’ notice.
 
There is no exchange rate risk involved.
 
The Share is a preferred equity tranche of the business. The issuer holds the common equity tranche of the business. The risk of the business will be distributed between the issuer and the Share investors in such sequence, which means that the event of failure of the business, the loss will be distributed in this way:
 
(1) The common equity tranche take the first 20% of the loss occurred in the business;
(2) The Share investor take the rest of the loss up to 80%
 
The issuer reserves the right to be a market maker.

-----------------------------




WIT-2, a new equity investment opportunity offered by W Investment Technology Research Center.
https://bitcointalk.org/index.php?topic=132035.msg1414857#msg1414857
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September 18, 2012, 04:47:26 PM
 #2

New fancy sounding name, same scam.

  • Absurdly high rate of return
  • Vague business model
  • Anonymous operator with zero verification

SCAM

Cryptocoin Mining Info | OTC | PGP | Twitter | freenode: dust-otc | BTC: 1F6fV4U2xnpAuKtmQD6BWpK3EuRosKzF8U
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September 18, 2012, 06:05:18 PM
 #3

Just pay   1dicegEArYHgbwQZhvr5G9Ah2s7SFuW1y    85.4492% chance of getting a 1.147x return and they take deposits of 0.0010 all the way up to 250.00

Much better investment than any of these X% per day offerings imho

Hell, I should start my own Medium risk pass thru and just play funds once a week paying 2% a day.

Medium risk? How do you get to medium, its a "sure thing", look at the numbers! You don't get that many decimals of surefire accuracy with "medium risk", the more times you throw the dice the surer you are to get closer to those figures, surely?

-MarkM-

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WITRcenter
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September 18, 2012, 11:58:41 PM
 #4

An investor has already purchased 10 shares of WIT. Thanks for kicking this IPO a start.
Every morning, we will be able to know how much we have earned yesterday. I will start to put up daily report from tomorrow.
The first interest will be paid on next Monday.

WIT-2, a new equity investment opportunity offered by W Investment Technology Research Center.
https://bitcointalk.org/index.php?topic=132035.msg1414857#msg1414857
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September 19, 2012, 01:20:45 AM
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Bought some shares to see how it goes. If/When I receive my first interest payment on Monday I'll post again in this thread.
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September 19, 2012, 03:33:53 AM
 #6

Bought some shares to see how it goes. If/When I receive my first interest payment on Monday I'll post again in this thread.

Why wouldn't you get your interest payment?  With average of 0.7% daily interest even if nobody else bought a single share he could pay you for 142 days just using absolutely nothing but the "principal" you gave him.  It would be utterly shocking if you DIDN'T get the interest payment on time and in full.
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September 19, 2012, 04:06:02 AM
 #7

This is more than likely a scam and I urge people to boycott it.


WITRcenter
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September 19, 2012, 11:49:16 AM
 #8

Bought some shares to see how it goes. If/When I receive my first interest payment on Monday I'll post again in this thread.

THANK YOU VERY MUCH, Tittiez!



Updates

The IPO goes much better than I expected. As of 10:00(GMT) today, the number of shares outstanding is 390 shares: https://cryptostocks.com/securities/17

I will publish a financial report later.

Thanks for all the investors giving me the opportunity.






WIT-2, a new equity investment opportunity offered by W Investment Technology Research Center.
https://bitcointalk.org/index.php?topic=132035.msg1414857#msg1414857
EskimoBob
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September 19, 2012, 06:39:49 PM
 #9

Contract reads like it's written by a 12 year old Smiley
Verification: None

Can I send you 5000 coins? If yes, please send me 5 BTC to 1KLhpqL3QGi4a78scb4bonHybrm5iSsoTz to confirm you wish to be blessed.

 

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
WITRcenter
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September 20, 2012, 12:46:41 AM
 #10

Daily Summary

Capital account per share, BTC      0.101146
Dividend payable per share, BTC      0.001146
Face value per share, BTC      0.100000
Today's return on face value, %      1.15%
      
Dividend paid out today      0.0000
Accumulated dividend paid out including BSD       0.0000

Find detailed financial report at:

https://docs.google.com/spreadsheet/pub?key=0ArIvBgSQ8q61dEwzMnA5a2t2TlBpY0g2SDdLUERaekE&single=true&gid=0&output=html

It's the first day of the pass-through operation, and return seems good. But as there will dilutions, and we need time to deploy new capital, so the return rate quite likely to be fluctuated always.

I recorded 390 shares sold in the report, but there are 500 shares have been sold now:

https://cryptostocks.com/securities/17

Thanks for all the investors.




WIT-2, a new equity investment opportunity offered by W Investment Technology Research Center.
https://bitcointalk.org/index.php?topic=132035.msg1414857#msg1414857
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September 20, 2012, 03:08:15 AM
 #11

Alright, who gave this guy BTC50?

Cryptocoin Mining Info | OTC | PGP | Twitter | freenode: dust-otc | BTC: 1F6fV4U2xnpAuKtmQD6BWpK3EuRosKzF8U
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September 20, 2012, 05:27:10 AM
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All of the normal signs of a ponzi scheme placed into one little package. How convenient.
Bitcoin Oz
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September 20, 2012, 06:05:51 AM
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All of the normal signs of a ponzi scheme placed into one little package. How convenient.

The beauty of running a ponzi on a "stock market" is that you shouldnt face a bank run so you can pretty much control the exit time for yourself.


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September 20, 2012, 06:14:23 AM
 #14

Why not tag this fucker right away and save lots of pain for all the idiots, who are sending him BTC.

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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September 20, 2012, 06:16:21 AM
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Why not tag this fucker right away and save lots of pain for all the idiots, who are sending him BTC.


We have to wait for him to cut and run  Tongue


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September 20, 2012, 03:07:07 PM
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Updates

There are 518 shares purchased. As there are dilutions today (390 shares leap to 518 shares and the capital deployed basically has not changed yesterday, so the return on face value will be a little bit low today. However, it is still highly yielding.

This share will not be a long term operation. After the common shares has generated enough profit we will close this program and give back the capital to our shareholders.

The good news is that after this program, Maybe I will start another program for the Bitcoin investors. The money will be put into a investment project my ex boss talking to me tonight. That program will be nominated in fiat currency and expected to cover the investment cost in about 1 - 1.5 years, and will generate 50% - 100% dividend every year. (There is risk and it will also be a stock, of course. I have asked lots of question tonight and I feel it is really a great opportunity. I will carry out more due diligence in the future month.)  My capacity for this fund will be 20 million USD if I decide it is really good.

WIT-2, a new equity investment opportunity offered by W Investment Technology Research Center.
https://bitcointalk.org/index.php?topic=132035.msg1414857#msg1414857
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September 20, 2012, 06:05:11 PM
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Updates

There are 518 shares purchased. As there are dilutions today (390 shares leap to 518 shares and the capital deployed basically has not changed yesterday, so the return on face value will be a little bit low today. However, it is still highly yielding.

This share will not be a long term operation. After the common shares has generated enough profit we will close this program and give back the capital to our shareholders.

The good news is that after this program, Maybe I will start another program for the Bitcoin investors. The money will be put into a investment project my ex boss talking to me tonight. That program will be nominated in fiat currency and expected to cover the investment cost in about 1 - 1.5 years, and will generate 50% - 100% dividend every year. (There is risk and it will also be a stock, of course. I have asked lots of question tonight and I feel it is really a great opportunity. I will carry out more due diligence in the future month.)  My capacity for this fund will be 20 million USD if I decide it is really good.

Jeez...... more than the Pirate

"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
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September 20, 2012, 06:21:17 PM
 #18

An investor has already purchased 10 shares of WIT. Thanks for kicking this IPO a start.
Every morning, we will be able to know how much we have earned yesterday. I will start to put up daily report from tomorrow.
The first interest will be paid on next Monday.

Fuck off you twat!
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September 20, 2012, 06:30:18 PM
 #19

Bought some shares to see how it goes. If/When I receive my first interest payment on Monday I'll post again in this thread.

You're a dickhead
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September 20, 2012, 06:31:23 PM
 #20

Seriously, this has got to be a Poe.

http://en.wikipedia.org/wiki/Poe%27s_law
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