Hello all, I have a matter I must get off of my chest as it is eating me alive and I can no longer pretend that I'm ok with it.
I recently started an IPO for my web based porn studio by the name of Klyemax.
The initial IPO offered 250,000 shares at a price of .0001 for a total of 25BTC to start up.
A small amount of the funds were used to procure TLD's as well as for advertising.
The rest I ended up investing into Just-Dice. This is where I made my first mistake.
JD sustained some loses to bankroll and I began to gamble the IPO funds in order to recuperate loses.
At first it was only small amounts I would aim to win to replace any lost funds.
Then the gambling became worse, I started to gamble the funds every other day, often winning half or full BTC and stuffing them in my pocket.
For roughly 8-10 days this went on, And I ended up 14+ BTC. Most of which were used to purchase miners or cashed out and spent on drinks and VLT gambling at a local pub where I was attempting to get the waitresses to come work for me. In hindsight I felt as if I was untouchable and that with all this new found success and ambition I would surely not have to worry about losing either the funds or my sanity.
On may 29th I had deposited the IPO money into my gambling account and began my ritual 33% martingale.
As always the balance of the account began to climb and i watched with excitement and money lust as riches flowwed my direction.
Suddenly everything I had been planning, all of what I was working towards, All of the investment I had sworn to use for good..
It crashed.. I went from 24 BTC down to 10 before I even stopped hitting the "lo" key on my martingale.
My heart sunk in my chest and I felt an unexplainable/unbearable pressure in my chest.
It was at that moment I realized that I had fucked over not only my investors, but myself and my reputation.
Frantically I began betting with the 10 BTC... Trying to recoup the loses I had just endured..
This was all in vain however, I watched my balance drop like a stone in a pond.. I remember as the balance hit zero..
My feeble attempts to recover the BTC were met with tears shortly after it sunk in what I had just done.
The feeling was worse than anything you could possibly imagine.. Akin to losing a family member or worse.
I sat there, in disbelief my emotions wrecked as reality set in that I had made a terrible terrible mistake.
To all investors, I sincerely appologize for misusing the funds you have trusted me with.
It was never my intention to use the funds as I did, I had plans and budgets developed for them.
But my vile nature and greed blinded me.. And I failed you all.
This is a massive set back, which is entirely my fault.
I will continue to try to try and develop Klyemax and get revenue streams flowing. But I have set us back immensely with my own lack of control and inability to know when to stop. This should have never happened and I am deeply troubled by it.
As stated before I will continue to pay out dividends to all invested. Thoughts of suicide have crossed my mind more than a few times in the past week but I am unable to leave my investors high and dry due to my lack of control.
Through porn or through any other revenue stream I can procure I will pay back investors funds in full, This may take me some time but I am not going to bail on the people who shared my vision and supported my en-devour.
This has been very stressful, I have lost countless hours of sleep and had not until now the strength to admit what has been done.
I ask for your understanding and forgiveness at this time.. I also promise to all investors you will receive your investment back via dividends over time and phase 2 is still likely to happen, at which point you are more than welcome to sell off your shares for the agreed face value as stated in the IPO.
Hopefully I can focus more on getting more talent and revenue going to pay back investors more quickly, Given the fact I may be able to sleep at night having gotten this burden out from beneath my heart.
Feel free to PM me hate mail / death threats and neg rep the shit out of me.
I will not run nor hide. I am going to deal with this as I am able to the only way that makes sense at this point in time.
Thank you for taking the time to read this.
Cheers,
Kyle.T
Quoted for posterity.
And just because you're an honest scammer doesn't make you less of a POS.
Just take a deep breath, calm down and just focus on doing this venture of yours. It may take time and extra effort but you'll be able to clear up your errors and make good. Spend as much time as you can applying yourself to your business and you won't have the time to drift into an idle time zone. It's truly your choice as to whether you bounce back or not. Show some guts and put your mind right.
Are you serious right now? Klye stole 24 BTC of IPO funds, gambled it away, and you're advising him to 'calm down' and 'focus'? What a joke.
The guy is a thief, a liar, and a scammer.
I wasn't jumping on the 'don't trust the ex-hobo' train, but I'm sure on it now. Hopefully those of you that lost money learned a (relatively cheap) lesson. Sorry for your losses.
