[ANN GPUCOIN FAILURE] IPO IMMEDIATE REFUNDS

[vesperwillow]

Mods, please move this to the appropriate section as necessary. Thank you.

05-MAR UPDATE: Full refund confirmed for myself. Others are being informed of theirs as well. Everything below is for historical purposes/reference. Good luck with the relaunch.

Notice: If your post isn't on topic, or if you aren't an IPO, moderation will be requested to remove your posts. Please respect the topic of this thread and move the general chatter elsewhere

Regarding the 2nd failed launch of "GPUC - GPU Coin", by owner/operator "GPU Coin" aka Jaymes Reilly of Norfolk/Chesapeake, Virginia :

As per your written statement in email to IPOs (initial public offering) and throughout your thread, you agreed to IMMEDIATELY REFUND all investments upon a failed launch.

On the launch date, it FAILED. You then admitted failure, and that relaunch would occur. You stated if the re-launch failed, refunds would be IMMEDIATE.

AS of this post, it is the general consensus of the community that the coin has failed to launch. After almost an hour, synchs still were not occuring properly, the coin was forking, and still yet, the block rewards are WRONG. Difficulty is also apparently not working. For a coin to be launched fully and smoothly, BLOCK REWARDS SHOULD MATCH COIN SPECS, and DIFFICULTY SHOULD WORK.

Coin has FAILED 2nd launch.
Coin failed all launch attempts throughout the morning, multiple attempts.

You are now bound under Virginia Statute to immediately issue myself, and ALL other IPO's, full BTC refunds to the amount of 100% of their investment. The list is below.

IMMEDIATE ACTION:

IPOs - Please post up and identify yourself (if you wish) to be heard on this thread. Please post up to announce that you have received refunds.

GPU Coin - You are required to immediately begin refunds. If you would like to dispute this, you have a lot of backtracking to do. All of your posts and emails have been logged for legal reasons. You did, afterall, invite us to pursue this course of action upon a failed launch.

Company Info - LLC Info: https://sccefile.scc.virginia.gov/Business/S490555

SCC ID: S4905552
Entity Type: Limited Liability Company
Jurisdiction of Formation: VA
Date of Formation/Registration: 2/6/2014
Status: Active

913 Woodcott Dr
Chesapeake VA23322

JAYMES REILLY
913 WOODCOTT DR
CHESAPEAKE VA 23322
CHESAPEAKE CITY 236
Status: Active
Effective Date: 2/6/2014

IPO LIST

Investor ID   Investor Amount   % of Total   Coins




217   7.5   10.49%   34082365.2282584
285   6   8.39%   27265892.1826067
132   4   5.59%   18177261.4550711
175   3.68   5.15%   16723080.5386654
81   3   4.19%   13632946.0913034
307   2.21   3.09%   10042936.9539268
207   2.2   3.08%   9997493.80028912
53   2   2.80%   9088630.72753557
237   2   2.80%   9088630.72753557
286   2   2.80%   9088630.72753557
254   1.75   2.45%   7952551.88659362
310   1.60106234   2.24%   7275732.190012
189   1.2389365   1.73%   5630118.17168268
223   1.22   1.71%   5544064.7437967
122   1   1.40%   4544315.36376778
179   1   1.40%   4544315.36376778
210   1   1.40%   4544315.36376778
230   1   1.40%   4544315.36376778
263   1   1.40%   4544315.36376778
273   1   1.40%   4544315.36376778
276   1   1.40%   4544315.36376778
282   1   1.40%   4544315.36376778
212   0.79537794   1.11%   3614448.19274397
143   0.6509   0.91%   2957894.87027645
45   0.6   0.84%   2726589.21826067
297   0.555   0.78%   2522095.02689112
87   0.5468   0.76%   2484831.64090822
75   0.5   0.70%   2272157.68188389
82   0.5   0.70%   2272157.68188389
84   0.5   0.70%   2272157.68188389
159   0.5   0.70%   2272157.68188389
208   0.5   0.70%   2272157.68188389
238   0.5   0.70%   2272157.68188389
264   0.5   0.70%   2272157.68188389
288   0.5   0.70%   2272157.68188389
296   0.43   0.60%   1954055.60642015
164   0.4   0.56%   1817726.14550711
18   0.38   0.53%   1726839.83823176
33   0.3788   0.53%   1721386.65979524
74   0.3498   0.49%   1589601.51424597
278   0.344   0.48%   1563244.48513612
231   0.313   0.44%   1422370.70885932
14   0.3094   0.43%   1406011.17354975
158   0.3009   0.42%   1367384.49295773
194   0.3008   0.42%   1366930.06142135
44   0.3   0.42%   1363294.60913034
127   0.3   0.42%   1363294.60913034
133   0.3   0.42%   1363294.60913034
261   0.2998   0.42%   1362385.74605758
70   0.297   0.42%   1349661.66303903
304   0.29213568   0.41%   1327556.65892875
39   0.26   0.36%   1181521.99457962
134   0.251   0.35%   1140623.15630571
30   0.25   0.35%   1136078.84094195
41   0.25   0.35%   1136078.84094195
68   0.25   0.35%   1136078.84094195
91   0.23387769   0.33%   1062813.97990952
295   0.2001   0.28%   909317.504289933
55   0.2   0.28%   908863.072753557
162   0.2   0.28%   908863.072753557
167   0.2   0.28%   908863.072753557
216   0.2   0.28%   908863.072753557
229   0.2   0.28%   908863.072753557
287   0.2   0.28%   908863.072753557
311   0.2   0.28%   908863.072753557
150   0.1999   0.28%   908408.64121718
28   0.19   0.27%   863419.919115879
190   0.19   0.27%   863419.919115879
102   0.18702625   0.26%   849906.261302874
80   0.1818   0.25%   826156.533132983
308   0.175   0.24%   795255.188659362
46   0.167   0.23%   758900.66574922
65   0.152   0.21%   690735.935292703
220   0.15052201   0.21%   684019.482628208
5   0.15   0.21%   681647.304565167
240   0.15   0.21%   681647.304565167
284   0.15   0.21%   681647.304565167
62   0.149   0.21%   677102.9892014
244   0.134   0.19%   608938.258744883
168   0.1277   0.18%   580309.071953146
111   0.12231776   0.17%   555850.47602966
86   0.12   0.17%   545317.843652134
265   0.12   0.17%   545317.843652134
59   0.1152   0.16%   523505.129906049
26   0.1125   0.16%   511235.478423876
58   0.104185   0.15%   473449.496174147
185   0.100089   0.14%   454835.980444154
25   0.1   0.14%   454431.536376778
97   0.1   0.14%   454431.536376778
100   0.1   0.14%   454431.536376778
109   0.1   0.14%   454431.536376778
118   0.1   0.14%   454431.536376778
130   0.1   0.14%   454431.536376778
155   0.1   0.14%   454431.536376778
160   0.1   0.14%   454431.536376778
163   0.1   0.14%   454431.536376778
169   0.1   0.14%   454431.536376778
181   0.1   0.14%   454431.536376778
199   0.1   0.14%   454431.536376778
233   0.1   0.14%   454431.536376778
234   0.1   0.14%   454431.536376778
272   0.1   0.14%   454431.536376778
115   0.09   0.13%   408988.382739101
139   0.086   0.12%   390811.121284029
197   0.0799   0.11%   363090.797565046
149   0.07743383   0.11%   351883.743344383
21   0.075   0.10%   340823.652282584
156   0.075   0.10%   340823.652282584
153   0.072   0.10%   327190.70619128
235   0.07   0.10%   318102.075463745
279   0.07   0.10%   318102.075463745
144   0.0562   0.08%   255390.523443749
221   0.053   0.07%   240848.714279692
108   0.0501   0.07%   227670.199724766
116   0.05   0.07%   227215.768188389
126   0.05   0.07%   227215.768188389
128   0.05   0.07%   227215.768188389
131   0.05   0.07%   227215.768188389
146   0.05   0.07%   227215.768188389
177   0.05   0.07%   227215.768188389
205   0.05   0.07%   227215.768188389
239   0.05   0.07%   227215.768188389
275   0.05   0.07%   227215.768188389
299   0.05   0.07%   227215.768188389
61   0.04352035   0.06%   197770.195141551
79   0.04191579   0.06%   190478.568481464
17   0.04   0.06%   181772.614550711
213   0.04   0.06%   181772.614550711
256   0.04   0.06%   181772.614550711
312   0.04   0.06%   181772.614550711
271   0.03544066   0.05%   161053.53574007
166   0.03   0.04%   136329.460913033
198   0.03   0.04%   136329.460913033
228   0.03   0.04%   136329.460913033
232   0.03   0.04%   136329.460913033
121   0.026   0.04%   118152.199457962
141   0.02530707   0.04%   115003.307012947
76   0.025   0.03%   113607.884094195
225   0.025   0.03%   113607.884094195
260   0.025   0.03%   113607.884094195
293   0.025   0.03%   113607.884094195
262   0.024   0.03%   109063.568730427
195   0.02357318   0.03%   107123.964046863
222   0.02127231   0.03%   96668.0851558311
192   0.021   0.03%   95430.6226391235
101   0.0209   0.03%   94976.1911027467
176   0.0209   0.03%   94976.1911027467
187   0.0209   0.03%   94976.1911027467
193   0.0209   0.03%   94976.1911027467
10   0.02   0.03%   90886.3072753557
63   0.02   0.03%   90886.3072753557
89   0.02   0.03%   90886.3072753557
92   0.02   0.03%   90886.3072753557
123   0.02   0.03%   90886.3072753557
125   0.02   0.03%   90886.3072753557
157   0.02   0.03%   90886.3072753557
161   0.02   0.03%   90886.3072753557
236   0.02   0.03%   90886.3072753557
250   0.02   0.03%   90886.3072753557
258   0.02   0.03%   90886.3072753557
303   0.02   0.03%   90886.3072753557
281   0.01999175   0.03%   90848.8166736046
57   0.0195   0.03%   88614.1495934718
29   0.01913596   0.03%   86959.8370284458
78   0.019   0.03%   86341.9919115879
252   0.01889464   0.03%   85863.2028448613
224   0.0172   0.02%   78162.2242568059
215   0.0167   0.02%   75890.066574922
218   0.016   0.02%   72709.0458202845
7   0.0156325   0.02%   71039.0099240999
103   0.0154   0.02%   69982.4566020239
83   0.015   0.02%   68164.7304565167
180   0.015   0.02%   68164.7304565167
219   0.015   0.02%   68164.7304565167
283   0.015   0.02%   68164.7304565167
301   0.0141   0.02%   64074.8466291258
266   0.01290819   0.02%   58658.8861354337
204   0.0125   0.02%   56803.9420470973
54   0.012   0.02%   54531.7843652134
142   0.012   0.02%   54531.7843652134
173   0.012   0.02%   54531.7843652134
90   0.01191344   0.02%   54138.4284273257
292   0.01153725   0.02%   52428.9024306299
291   0.011   0.02%   49987.4690014456
117   0.0108   0.02%   49078.6059286921
255   0.01069809   0.01%   48615.4947499705
152   0.0101   0.01%   45897.5851740546
140   0.01002285   0.01%   45546.9912437399
2   0.01   0.01%   45443.1536376778
23   0.01   0.01%   45443.1536376778
47   0.01   0.01%   45443.1536376778
48   0.01   0.01%   45443.1536376778
71   0.01   0.01%   45443.1536376778
88   0.01   0.01%   45443.1536376778
104   0.01   0.01%   45443.1536376778
172   0.01   0.01%   45443.1536376778
200   0.01   0.01%   45443.1536376778
201   0.01   0.01%   45443.1536376778
203   0.01   0.01%   45443.1536376778
253   0.01   0.01%   45443.1536376778
300   0.00169579   0.00%   7706.2045507238




TOTAL   71.51792382   100.00%   325000000

[1714737599]

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[1714737599]

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[1714737599]

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[chickenliver503]

this launch is fucking terrible, i dont care if this coin launches the devs suck, no communication, no update to the forum post,about 4 relaunches this coin is a joke. i am ipo number 39   

[flipstyle]

LOLOLOL

So the 'dev' jumps ship without a trace, and you guys expect to still have refund recourse if the 'relaunch' fails?

Do you guys even know who has your btc?

Here's a hint: it's most likely the guy who fled the scene.



I can just picture it now:

"Police department, what is your issue?"

"Hi there, I put in an IPO investment for 7.5 bitcoins for an alt currency, which the developer promised everything would go smooth or I could file a claim with the local police department."

"7.5 what?"

"Bitcoins...virtual currency."


*dialtone*

"Hello???"

Love how I posted this the same day the first ipo launch failed.  And yet I was still attacked by some IPO investors saying 'shit happens, I still believe in this IPO and the re-launch.'

When will this forum ever learn? 

ESCROW ESCROW ESCROW.  Damnit.  I feel like a broken record, but people will still ignore the warnings.

[lasciv]

come on.. not another one..

[pandher]

That is what happens when you dont do your homework

I think out of all the altcoins, only Coin2 had the fairest launch.

[jest]

Really? Legal action? Yeah, you wish... You can just hope it will be deployed someday, and then you can start hoping you'll get your share of coins!

I waited for this coin the first time FOR NOTHING, today I wanted to repeat the story, but luckily I decided to rather sleep insted of waiting the FC - FailCoin. And I made the right decision

I do feel sorry for all those IPOs tough...

[strawie]

Did I get this right?

1. Failed launch
2. OP doesnt know shit about coin development asks for help from new dev. Most likely asks if it can be done within x time.
3. Comes to forums and says launch in 24h or w/e thinking that coin will be ready.
4. New dev screws up bigtime (I dont wanna know how much he got for this mess )
5. CW offeres help. Spends endless hours on fixing shit but ppl keep "leaking" wallets as they are finished - dont know if theres any thruth to that.

So basically the community who wanted a relaunch ASAP sabotaged them selfs?
Why didnt anyone from the IPO offer help? Say the 24h relaunch was unrealistic?
Now you wanna sue? Watch out that guy is going to nuke you

[vesperwillow]

We did offer to help. He ignored several of the IPO's communications (can't speak for all). He was offered a dev/launch team with experience, a pool network, a mining farm, the list goes on. He kept ignoring all "legitimate and sane" offers of help, and chose people with hardly any experience and/or marked as "newbies".

Less than a day before launch he decided to change the algo to the coin. This was against the advice of several IPOs, and for good reason. He was instructed that if he feels the algo change is necessary, he should merge it in down the road, not in the twighlight of his launch. As expected, this helped to ruin the launch. The algo change was due to the majority of non-IPO folks crying for the change (most of them not even aware of what they were asking). Rather than think through his change, he just went with majority voice.

He then announced a relaunch, and once again asked the community when it should be. Myself and others expressed the fact he shouldn't consider a launch window until the coin is fully working and has been fully tested. Ignoring this, he announced a window for less than 24 hours away, and that if the launch failed, he would return funds.

This 2nd launch occurred and was also a complete disaster. Throughout the night they've had several more failed launches.

As for legal action, yes we can take it, because he is filed as an LLC and has written contract between the IPOs that upon first failure to launch, he would return all funds. He then said it a second time. He is bound under VA statute by written agreement at this point in time. He even told me (and I believe, others) in email, to take legal action if he doesn't hold up his end of the stick.

This thread is to document those who want a refund. He was officially notified lastnight that he has today to return funds; after today, a claim will be filed in his LLC's city, and by the end of the week a Warrant will be on his doorstep (for court appearance). I know how these work, trust me.

Please keep the thread on topic.

[vesperwillow]

There are statues in Virginia covering commodities with fiat values. I've used them before. I've operated businesses in Virginia and have been involved in some similar cases. The catch-all is the binding agreement, Virginia is pretty anal about those: if you have a written agreement, it has to be upheld. Thanks for your advice though. I didn't invest what I didn't care to lose, fortunately. Not my first investment.

[chip99]

first time i invested in a IPO and already scammed . well was expecting it to be honest.
100% scam rate
dont invest into IPOs kids.

[flounderella]

Wow another Stackcoin. Do noobs ever learn?

[SlidingHorn]

THIS IS WHAT YOU PEOPLE GET FOR IGNORING ALL THE WARNINGS PEOPLE POST ON THESE IPO SCAMS - YOU GOT GREEDY AND DESERVE TO HAVE LOST EVERY PENNY YOU LOST.  QUIT YOUR WHINING

[B2BigAl]

first time i invested in a IPO and already scammed . well was expecting it to be honest.
100% scam rate
dont invest into IPOs kids.

While I agree with your sentiments about IPO's, I really don't think this is a scam (or at least was meant to be).  I think the owner just trusted the wrong people to create his coin for him and got burned.  He does seriously need to start communicating with his investors and the community though.  Failure to do so leads to mistrust and wild speculation...and people threatening legal action.  He's probably sweating bullets right now trying to figure out what to do about this mess.

[spamsrevenge]

+1

I'm also from Virginia and am an IPO investor.

The amount that they said i invested is wrong. I did 2 deposits, one for .5 Bitcoins and they got that right. When I added another .25, they listed my total Bitcoins invested at .075!! That is a lot less than .75

[BulletProof_za]

What did you try overclock to far and melt down ?

 

[BulletProof_za]

@OP

Your original post is as much bull shit as the IPO itself LOL...

There are no Virginia Laws covering any crypto. None, nada, zip, zilch, zero.

Here's a clue.

High risk investments mean high risk of losing.

Guess what?.... you lost.

Shit happens.


~BCX~

i love reading your responses lol 

[mpmsvv]

What we need to do for a refund?
I have 4 IPO ids and and don´t receive any of my investment.

I want a refund!!

[SlidingHorn]

What we need to do for a refund?
I have 4 IPO ids and and don´t receive any of my investment.

I want a refund!!

...and people in hell want ice water.

Neither of you are getting what you want.

[Ncultimate]

i have 3 IPO's. Please if its not launching give a freaking refund!

[mpmsvv]

What we need to do for a refund?
I have 4 IPO ids and and don´t receive any of my investment.

I want a refund!!

...and people in hell want ice water.

Neither of you are getting what you want.

I think after the stackCoin this will not happen again.
I only invest a small amount as a experiment. This is a lesson and I will learn with this...
We need to work only with professional teams with a good tracking record.....