Hello Everyone,
I've been talking to Garr over the past days to work this out to the best advantage of the shareholders involved. Over the course of today Garr will post an overview of his perspective on what was the intent, process and eventual demise of this project. I would urge everyone to await that post.
In the meanwhile, here are some answers to elasticband's questions.
Maybe we can finally get a financial report and audit of the last 8-10 months?
Maybe we can see the results of the motion that says Garret gets paid for hosting costs?
Where are all the cointerra machines? why have we only ever had 18TH online?
Where is the compensation due from Cointerra? Our hash rate is almost a third of the contracted amount, with compensation due for lateness our hashrate is about 50%!
Who are you and why are you given the responsibility of liquidating cognitive?
-------Garr's responses-----------
1 Get a financial report & audit
This has been in the talks for months now, and the time to create this simply hasn't existed. I apologize for not keeping a realtime financials report that is always publicly viewable. This is something I will certainly strive to do in the future. It is an oversight that in retrospect should have been obvious, again I apologise and will do my best to construct them.
2 Result of the motion
The motion results were posted on the forum right when it ended. Here is the link again:
Motion tally3 Where are the CT machines
Some of the CT machines are in Montana and some are in Canada. Icedrill is planning on purchasing the entirety of the machines there from us, which will ensure a seamless transaction, plus they are willing to pay more because it will be free and instant delivery!
4 Where is compensation due from CT
Compensation from CT is being sent out today, in the form of three TerraMiners. One Terraminer is being sold back to CT for the purchase price (which is greater than their current retail price so it would be impossible to sell it for more) to pay them for the shipping costs which totaled over $6,000 USD. The remaining two of these are being sold right away.
5 Why is Mentor given responsibility
I among others believe Mentor is a trustworthy individual who will be a highly valuable resource in gracefully closing up shop.
If you'd like anything further on these, just let me know.
------------- End responses -----------------------
A personal note on point 5. I fully understand the frustrations of everyone involved and have the intention to make the best out of the situation. I have not been involved with the CM project in any way unto this point. Garr's intention was to have an impartial individual guide this process. His and my hopes are that as an unaffected individual can see understand the perspectives of all parties involved.
Hey guys, my spell check keeps giving me problems. Can anyone tell me how to spell sock puppet again?
All grand wise and powerful one, is it yet time for a bit of IP detective work, Theymos?
Although I can see why you would consider that possibility, I'm not a sock puppet. Feel free to trace me if you can. You'll find me firmly established in Maastricht, The Netherlands.
For a less dramatic course of action simply PM me about my identity.
Regards,
Mentor
