[CRYPTOSTOCKS] Private loan pass-through (WIT), Dividend up to 1.2% daily

[dust]

"Warning: Moderators do not remove likely scams" it says on top of this forum section. I can understand why, but I wonder if 100% certain scams like this shouldnt be removed.

I updated my first post with a bigger warning, hopefully people see it.

[Dalkore]

Question:    Now I am being hung up on why you need Bitcoins?  If you are doing these short-term (1 day or two), how are you getting the fiat (cash) in your hand to carry out this operation in a timely manner to make it useful to your business and meet your obligations to your investors?

I can borrow fiat currency @ 0.1% per day. It need bitcoin as pawn. At the early stage, I have already put my own bitcoin and personal credit into this, so the collateral rate is more than 100% and don't need to exchange the money actually. So I just need to figure out the pass-throughed income statement and balance sheet to share profit and risk with investors. I cannot specify the risk clearly right now for the same reason I cannot disclose the business model.

I have given investor an expectations. even the 0.2% dividend rate is not guaranteed. According to the history, even in a very bad business day(if the business is open that day) we will make 20% of our money lend to clients. But it is not guaranteed.

Are you selling drugs with this money?   I can not think of many activity that would need coins to hawk in pawn for short periods of time and can pay this interest rate on a ongoing basis?  Also, if the collateral is 100%, what is the purpose either way?  Wouldn't the whole purpose of these pawn loans be to get some "leverage" so you could control more capital than you already have?   Now I am really curious on what is going on?

[Puppet]

 Now I am really curious on what is going on?

You are being sarcastic I hope?

[Dalkore]

 Now I am really curious on what is going on?

You are being sarcastic I hope?

I am just trying to understand this investment opportunity that is being presented.  We need to do our due diligence on these investments.

[Bitcoin Oz]

Is your last name Mavrodi ?

[WITRcenter]

Daily Summary   9/21/2012
   
Today's return on face value, %   0.82%
Total return on face value since IPO, %   2.76%
   
Capital account per share, BTC   0.102762
Dividend payable per share, BTC   0.002762
Face value per share, BTC   0.100000
   
Dividend paid out today per share, BTC   0.0000
Accumulated dividend paid out including BSD per share, BTC   0.0000

Find detailed financial report at:

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

Yesterday is a Friday and most of our clients have not to work today, and the business is really good. Most of our capital has been lend to the customers. There is a time lag to reflect the interest income on the Income Statement, and please expect a high rate of return on next reporting day.

There are 538 of shares held publicly right now.

https://cryptostocks.com/securities/17

Thanks for all the investors.

[WITRcenter]

if the collateral is 100%, what is the purpose either way?  Wouldn't the whole purpose of these pawn loans be to get some "leverage" so you could control more capital than you already have?   

Yes, that's what I'm trying to do through raising capital from WIT shares.

Now I am really curious on what is going on?

I cannot disclose it publicly.

[Puppet]

 Now I am really curious on what is going on?

You are being sarcastic I hope?

I am just trying to understand this investment opportunity that is being presented.  We need to do our due diligence on these investments.

Still not sure if serious. In case you are, google "ponzi".

[rynmln]

New fancy sounding name, same scam.

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

SCAM

Vague business model?!?! There's nothing vague about it. It's a pass thru. As in, pass it through to everybody else that buys in... It's a completely honest way of saying it's a ponzi without labeling it as such.

[Blind]

Yesterday is a Friday and most of our clients have not to work today, and the business is really good. Most of our capital has been lend to the customers. [...] please expect a high rate of return on next reporting day.

If your clients run to your little lending booth on first day when they're out of work to borrow at >1%/day, but nonetheless, quoting yourself, "they have good income but are in certain very special situation ", then it looks like they have drug or gambling problem, or suffer from nonexistence. But good work on your marketing copy, if I was in your target audience, probably I wouldn't be able to look away from "expect high rate of return".

[🏰 TradeFortress 🏰]

Guys, I figured out "W Investment Technology Research Center"'s business!

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

TRANSLATION: 'We loan out your money.'

"WIT will deploy the capital raised by the stock"

TRANSLATION: 'We use your money ... '

"and use them for give payday loan to a group of special people. "

TRANSLATION: 'to lend out to teenagers who go 'Can I borrow $5? I'll pay you back $6 tommorow'

"They have good income and good social networks"

TRANSLATION: 'They get paid $10 a week from their parents, and I'm friends with them.'

"but in a certain very special situation"

TRANSLATION: 'but when they want money at school'

"they will like to borrow money from us with a 2% daily interest.'

TRANSLATION: 'they will borrow about five dollars a month with high daily interest'

"We have been in this business for a few months."

TRANSLATION: 'The first time I lent out money was a few months ago.'

"As I have sophisticatedly arranged and put my own money in"

TRANSLATION: 'My first loan was $2 and that came out of my wallet'

"once the shares are bought, the capital can be deployed within 1-2 days"

TRANSLATION: 'When you give me money, I'll be able to use it in World of Warcraft within 1-2 days'

"I will publish financial reports daily."

TRANSLATION: 'My friend is good at financial things he read from wikipedia and he will make things up daily.'

[WITRcenter]

Daily Summary   9/22/2012
   
Today's return on face value, %   1.04%
Total return on face value since IPO, %   3.80%
   
Capital account per share, BTC   0.103803
Dividend payable per share, BTC   0.003803
Face value per share, BTC   0.100000
   
Dividend paid out today per share, BTC   0.0000
Accumulated dividend paid out including BSD per share, BTC   0.0000

Find detailed financial report at:

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

Yesterday is a Saturday,  and the business is even a little bit better than Friday.  I have deployed another 5k RMB into the business, this will boost our performance in the next few days.

The dividend will be paid on Monday.

It is difficult for both me and my investors nowadays. One investor talked to me on the Skype but he was reluctant to express publicly here that he has tried. The broke of the Pirate40 bubble makes every high yield program like a Ponzi and the investors who try it fools. However, all the successful investors in the world have made their fortune by making decision independently, especially in those difficult times. They refuse to follow other people' random talk or trolls.

Be a wise man, be a rich man. Thanks for all the investors.

https://cryptostocks.com/securities/17

[Chang Hum]

Yesterday is a Saturday,  and the business is even a little bit better than Friday.  I have deployed another 5k RMB into the business, this will boost our performance in the next few days.

Nice! are you Chinese then mate? sorry for trolling before I'd like to invest 120

If you're willing to make this a partnership you could attach your business to my hedged credit company (fiscal uncertainty credit kings), we could call our joint venture fuckwit which sums you up lol

[WITRcenter]

After the creation of the WIT stock on CS exchange, I have bought another company's shares on GLBSE, and the morning of today I have sold half of them, and made a 13.25% profit in 5 days. This is irrelevant with the WIT stocks, but I would like to share this with the readers. The CS stock exchange is new, but it has fantastical potential:

• As there are not many investors, and it is easier to catch the opportunity to buy low and sell high.
• After every execution of order, CS would send you an email, this is really useful and convenient.
• Investors can trade both bitcoin and litecoin stocks there.  
• After the fee structure change, the CS is cheaper to list a stock.

http://www.cryptostocks.com

[🏰 TradeFortress 🏰]

After the creation of the WIT stock on CS exchange, I have bought another company's shares on GLBSE, and the morning of today I have sold half of them, and made a 13.25% profit in 5 days. This is irrelevant with the WIT stocks, but I would like to share this with the readers. The CS stock exchange is new, but it has fantastical potential:

• As there are not many investors, and it is easier to catch the opportunity to buy low and sell high.
• After every execution of order, CS would send you an email, this is really useful and convenient.
• Investors can trade both bitcoin and litecoin stocks there.  
• After the fee structure change, the CS is cheaper to list a stock.

http://www.cryptostocks.com

cryptostocks are for companies that are too scammy to get into glbse

[001sonkit]

So... it's now monday for you? I know China guy is now at 11:00 pm Sunday. Why did you pay early?

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

[WITRcenter]

So... it's now monday for you? I know China guy is now at 11:00 pm Sunday. Why did you pay early?

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

I have not take into consideration a dilution problem in the dividend payout process if the share is being sold out continuously, which make it unfair to the existing shareholders. An earlier payment will solve it.

[001sonkit]

Actually why dont you pay everyday like OBSI did (GLBSE - OBSI.HRPT), and you could gain more trust from users

I dont know if doing this action is free in cryptostocks, but GLBSE is free.

[WITRcenter]

Actually why dont you pay everyday like OBSI did (GLBSE - OBSI.HRPT), and you could gain more trust from users

I dont know if doing this action is free in cryptostocks, but GLBSE is free.

It's free.

Paying it weekly can reduce some managing pressure from me.

I dont think paying it daily will gain trust. The doubters are doubting this is a ponzi, paying it weekly or daily makes no differences. Can trust only be made until the BSD account balance reach 0.1, which means I have bought back my shares.

[WITRcenter]

Daily Summary    9/23/2012
   
Today's return on face value, %    0.82%
Total return on face value since IPO, %    4.63%
   
Capital account per share, BTC    0.100009
Dividend payable per share, BTC    0.000009
Face value per share, BTC    0.100000
   
Dividend paid out today per share, BTC    0.00461735
Accumulated dividend paid out including BSD per share, BTC    0.00461735

Yesterday is a Sunday. As most of our clients have to work today, our business is good but not as good as two days ago. However, our fiat capital recently deployed will help our performance.

Dividend has been paid @ 4.61735% of face value, which is the result of 5 days' operation.

Find detailed financial report at:

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

Thanks for all my investors.

https://cryptostocks.com/securities/17