can someone comment on the voting options?
I couldn't entirely understand the offered scenarios.
All voting options is clearly in violation of there contract and the least intrusive way to solve the problem is not listed as an option so i would reccomend Autotrade to call the voting void and remove the voting as soon as possible and rethink before they post something else up for voting.A buyback at an unspecified price or a convertion of the shares to something else with different contract not specified either or the selling of something that could effect the current autotrades performance for an unspecified amount is not options mentioned in the contract and would be a violation of the contract and it would most likely be consithered fraud if people would end up loosing BTCs because of that, you did for example continue selling shares for 9 weeks at 0.001 with people locked into there position(by the active IPOflag) when you had important information you dident publish.
If you want to start a new division that autotrade is working on you will have to issue a new project for that on cryptostocks &/or havelock or whatever exchange you prefer, you cannot breach the excisting contract with Autotrades shareholders because of that.
If the cost you currently have(32%?) is over the 20% part of the profit you currently take you need to specify every expences you have so people can look that over so things is correct.
Then you can
come back with a vote on cryptostocks that people can vote on to accept how you should adjusting what the %cut should be to cover your costs, a simple way to solve it would probably be to set a variable rate 20%-40% as long as the BTCprice is below the 800? USD level (or what the breakpoint is that would bring the expenses down under 20% again) and then specify each week when the dividends is beeing paid out what % has been taken depending on the current USD/yen exchange price that week so it matches your expenses and sallerys.
I just sent the email below to
admin@ejustech.com about the vote options on Cryptostocks
To:
admin@ejustech.comSubject: Objection to Vote Options on Cryptostocks
To: management of Autotrade (Arbitrage Operations)
I write you to highlight a major omission on your part with regards to the options being offered to vote on , at Cryptostocks. This omission has also been highlighted by the user “Thy” on Bitcointalk. This is the option to ;
Leave Autotrade alone as is and let it operate as promised but with a reviewed rate of compensation for management , which can be voted for. This will allow Autotrade focus on arbitrage and pay salaries effectively. The user “Thy” described the option and recommended procedure quite well .
This to me is the best course of action for you to have the necessary credibility to issue another successful IPO in the bitcoin community for the other two business possibilities- Sales of Autotrade without arbitrage and Coffee shops.
If you want to get into these new businesses , I believe you should do them under another company or IPO , unrelated to Autotrade (arbitrage) .These new businesses should stand alone by them selves and should not involve any buyback or merging of shares. If you wish to do any buyback or merging, the offer should be presented with clear option of yes or no on the transaction. In other words , shareholders should have a say in wheither the current operation is merged or bought out (buyback) or left alone. Not just the option being merged or buyback
Right now , your attempt to forcefully introduce totally unrelated businesses into a well-define arbitrage business is causing a serious loss of confidence , that is reflected in the major crash of the stock price. With the current situation, where investors are dumping shares, there will be no credibility for you and a new IPO may be very difficult, given the recent history of losses to investors. It appears these losses is a direct response to a loss in confidence with the current approach of trying to build the business. A successful Autotrade (arbitrage) operation that you just finished raising capital for will be extremely helpful with your raising a new IPO for the new businesses so long as the new business does not diminish the current Autotrade (Arbitrage) by selling the same arbitrage application. But the new business don’t have to be forcefully put within the same operation. They can be separate companies for investors , who are made fully aware of what they are investing in. As opposed to forcing an investor , who was investing in a proprietary arbitrage operation , to either become an investor in a software marketing operation and a chain of coffee shops, or get bought out by force. This is the cause of the turmoil in the share price right now. It can be resolved by taking the right steps.
So please remove the current options and ask investors if they want to continue or not,with the arrangement /contract you proposed when you started Autotrade (Arbitrage) in January. So may people have bought shares in IPO hoping to enjoy the ride, But all of a sudden you are changing the game plan without consulting shareholders if they want to change direction .
I think it will be in your long-term interest to have a successful Autotrade( arbitrage), which will give you credibility to launch other IPOs for Coffee shops and other software (not arbitrage).
I believe , you should never offer for public sale the Autotrader (with arbitrage) as long as you have investors in the IPO you have just raised as this will conflict with the basis on which you raised IPO money from investors.
EDITED: Please act quickly to get shareholders to vote first on wheither to continue Autotrade (arbitrage) operation as is, without adding software marketing and coffee shops or they want the company to diversify into software marketing of Autotrader (without arbitrage) and coffee shops. If the answer is the later then you can continue with the other options you have on Cryptostocks. If the answer is the former then you can just raise IPO for the new businesses. You quick response is required to rebuild credibility and share price.
Regards
Tricomp (Bitcointalk Username)
