Also seen this on 60 minutes, pissed me right off, the whole story was about this scam coin and construction workers with no technical understanding, they got lucky and made it on TV as people in the know, makes the whole thing look terrible for Australia, the guy who bought the burger bar was the only positive side to it.
If it weren't for your comments of already putting in a PO for 1200 ATMs then I would give benefit of the doubt and say with time things can grow, but lying to investors = your own undoing (They contacted the CEO of genesis who confirmed the bs)
Also to think Australians will adopt a shitty token because you've named it Auscoin sums it up, why do you need 80 million for a token which simply serves the purpose of rolling out ATMs?
Let's look at your logic:
$10,000 x 1200 ATM's x 7 = $84,000,000 per week
So with your 34 ATMS this is $2,380,000 per week
let's look at the price of the same ATMs you plan to use
Genesis satoshi1: $6,800 USD delivered
https://bitcoinatm.com/You could purchase over 300 more ATMs per week with this income, and may I also add that lead time is 2 weeks per ATM.
So tell me, why do you need 80 million for the process of buying and rolling out ATMs? your roadmap is nothing more than a wallet which we all know you'll take an open source one, and rolling out ATMs? give me a job if you're paying this much please.
You're on TV driving around in a Bentley, your projections suggest you can pull this off easy without any one elses money, you could profit well from small fees and steady growth, yet you've just lied and made threats.
piss poor at best, I would love to see bitcoin ATMs nationwide but not in this way, hopefully some one with a bit more business sense gives it a go.
