Honestly I am having trouble finding words here. First of all this drama is being fueled by you, not sure why you continue to flame and conspire behind my back when most investors are ignoring you.
Some investors are having trouble getting their money back and some of the community are having trouble believing BitBay will ever see the light of day!
What do you mean behind your back? I have posted my support for you openly in the initial stages of your tiff with Justin and then posted my disgust at your failings when you had ample time to fix the mess you created. I have looked at the googledocs as I was invited to and I sent a PM to make it clear to Vesper and to Daemon that you will never go for the suggestions being made because you are behaving like a power hungry executive clinging on to the final bits of investment that you have and are using the fact they are in your possession as leverage over investors. Other than that, I have openly posted my views and I have also made my PM comment known to you now.
I would not even think about going down the conspiracy theory route. You should not try to deflect attention away from your failings.
I do not want to be a shareholder nor be involved in the 'project' because firstly there is no project! Secondly, I would never work with someone like you who has mismanaged this 'project' to the tune of 11BTC!
Here is exactly what I stated:
https://bitcointalk.org/index.php?topic=359608.msg4673646#msg4673646As I have always well documented, I have not invested in this project and I am thankful because I am not at all impressed with the soap opera goings-on. Having said that, I can however make a very bold commitment as a gesture of good faith if you believe this project still has life in it.
Here is a donation (not investment for shares) I am willing to make just because I would like to see some success especially if some investors feel they would lose all of their investment if they gave up, or they felt they had a chance of getting something back if the project succeeded and went live. I want no cash, no BTC, no shareholding in return but just a promise that if the site goes live and shareholders are getting paid dividends then my donation be quadrupled and paid prior to any dividends being paid out to any shareholders. (I am donating $212.50 for goods and not charging for my coding. In return I want my donation to be valued 4x its current value which is $850. Once that is done I DO NOT WANT THE MONEY PAID TO ME, I will ask the person running the project to make donations to the value of $850 to various charities of my choosing. Simple as that, I will not see my donation returned to me but I will make sure to ask from the good causes/charities if BitBay did make the requested donations).
*** As a donation I will set-up and pay for 3 months enterprise level cloud set-up (normally costs $17.50 a month for 12 months and then $50 a month after)
*** As a donation I will buy and install a Comodo EV SSL (green bar). I can pay the first year costs of $160 for the certificate and install for free
*** As a donation I MIGHT be willing to modify open source code and design part of the initial website with all sign up, login, cart, checkout and usual features
*** You must only hire the rent-a-coder using a 1x person = 1x vote (who you will pay from the 4.175BTC remaining funds) to complete the ajax/jquery bidding process parts of the code, or obviously the whole site if I cannot make time for an initial frame because I am working on my own projects and time is limited.
Here are my conditions for donating my money, time and effort:
*** There must be at least 4.175BTC of investors funds in Cassie's holdings
*** Cassie must be willing to pass control of all remaining BTC (minimum 4.175BTC) on to an investor who the majority of shareholders elect to be a Project Manager
*** In return Cassie will be awarded 2 shares as a goodwill gesture and be shareholder only (that makes a total of 260 issued shares)
*** All investors of Round 2 that had their investment taken by Justin (I listed them above) must have their shareholdings preserved
*** Justin will NEVER be allowed back in to the project as a coder, partner, shareholder or in any capacity
*** BitBay Inc needs to be established and the elected investor can be registered Chairperson and all other investors must be listed as well
*** All BitBay domains are to be 'owned' by BitBay Inc
*** A transparent plan needs to be given to all shareholders explaining how the dividends are to be paid and who is responsible for that
*** Investors must have access to the BitBay web admin page via htaccess or db login where they can see hourly/daily/weekly/monthly income
*** All investors must have an equal say in all project matters (hosting, budgeting, hiring, firing, advertising and everything else) whether in development or live mode, a majority 1x shareholder = 1x vote vote wins all issues raised
In all honesty, this project will only create more issues in the long run because even if it did go live and investors were receiving dividends what would happen a few months or years down the line when investors start querying how much dividends they received and who might have embezzled what! Is it worth the aggravation? A minority will have access to the bank accounts and fund wallets... this system is unsustainable as it is ALL based on trust and most (if not all) of the trust has already diminished already...
Cassie has stated Justin will not have full server access after the work is complete and she stated everything will in her name (not BitBay Inc with all shareholders legally protected) and she stated everything will be secure and looked over by an unmentioned third party. People that invested need more than what is being offered because of what has happened in the past.
Daemon, if you still believe in the project I am willing to put my money down as a donation. This offer is open for a limited time only so if Cassie really wants this project to succeed like you and some other investors do then she will surely step aside whether my donations are on the table or not. As far as her involvement in this project is concerned she should only be a minority shareholder (and that is as a goodwill gesture on part of you investors since she purchased zero shares in the project) and Justin should never be allowed back in any capacity.
You gave misinformation to obtain that funding and you have the nerve to tell investors you will not pay it back:
10: As for refunding Btc I am sorry i can not do this if I refund one investor then I maybe expected to refund them all and I would not financially be able to do that.
https://bitcointalk.org/index.php?topic=359608.msg4849985#msg4849985You stated yourself you were supposed to use investors funds "to pay for the first months of operation". Instead 6.825BTC has been used by Justin for his personal use and 4.175BTC is supposedly with you but you have not explained what you are doing day and night for this project? You cannot code, you have no coding skills, you have no management skills, you have not demonstrated anything to suggest you should have ever been given a staggering 11BTC of investors funds for a 'shareholdings' in a project for which you could not properly define what 'auction profits' meant and what their 'shareholdings' allowed them to do.
You stated earlier you are working on the project day and night? Enlighten us all, what exactly are investors and the community supposed to think your input is apart from the obvious mismanagement! What work are you doing day and night?
