[Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea

[corather]

Its not rocket science ..........
URO is long term 3 - 5 years, GES will trade at a lost for the next 3 years until URO reaches the price of urea then they will profit.

Most commodity company's do this run at a lose for a while, So i can respect that...
The issue here is the delivery at 12,000 tons is unrealistic not even logically fallible...
UREA has a short shelf life, even if a entire country buys 12,000 tons what the fuck are the going to do with it...

If you could exchange 100 - 1000 URO for UREA tons and collect delivery that would make the price of URO even out to UREA, that is the idea of GES running at a loss until it evens out but thing is they are running a blatant con here, they confidently know the 12,000 tons is not even practice in anyway even for a entire country so they can look legit, thing is, if they where legit and doing it correctly URO would be a commodity pined to UREA, 1 uro = 1 urea... not 12,000 URO = 12,0000 UREA.... that's the game, that's the con, that's the swindle... its a confidence game, URO will NEVER NEVER NEVER EVER reach the price of 1 UREA for the delivery is to high, if the collection on the commodity was at 100 or 1000 we would see closer price gaps.

I don't know about that. This company alone can produce 5 million tons of urea a year. And that's just one company in china.

http://www.alibaba.com/product-detail/price-per-ton-urea_943673753.html

Without reasonable doubt I can conclude an order of 12,500 tons to be typical for a large manufacturer or retailer for farm land.

[jasemoney]

Its not rocket science ..........
URO is long term 3 - 5 years, GES will trade at a lost for the next 3 years until URO reaches the price of urea then they will profit.

Most commodity company's do this run at a lose for a while, So i can respect that...
The issue here is the delivery at 12,000 tons is unrealistic not even logically fallible...
UREA has a short shelf life, even if a entire country buys 12,000 tons what the fuck are the going to do with it...

If you could exchange 100 - 1000 URO for UREA tons and collect delivery that would make the price of URO even out to UREA, that is the idea of GES running at a loss until it evens out but thing is they are running a blatant con here, they confidently know the 12,000 tons is not even practice in anyway even for a entire country so they can look legit, thing is, if they where legit and doing it correctly URO would be a commodity pined to UREA, 1 uro = 1 urea... not 12,000 URO = 12,0000 UREA.... that's the game, that's the con, that's the swindle... its a confidence game, URO will NEVER NEVER NEVER EVER reach the price of 1 UREA for the delivery is to high, if the collection on the commodity was at 100 or 1000 we would see closer price gaps.

large farm operations use plenty, besides it has to get into a country which isnt producing it somehow and that movement is not 100-1000 at a time. they state to be currently setup to field distribution requests which come straight form a manufacturer to a shared port where the buyer can come into posession after ordering from GES. your welcome to buy 12500 or more, its just the lower limit imposed by the fact that Bohan stated this is the smallest size ship they are used to filling.  the unfortunate part for us is that since we normally dont deal in urea transport it costs maybe 500k$usd to get a boat to the port and wait to be loaded as a risk to see this thing through. anyways all this can ever be is a market cap of 300 million. 1/3 over litecoins current low price. once the uro is absorbed by any nier who accepted it itll be back for sale at parity. i dont see why they wouldnt just put up a sell wall at spot price of urea. anyone who wants to use it as a transaction mechanism would just bite off the wall and transfer it.  theres a million uro to be mined at first so 80 concurrent orders could happen simultaneously.  http://www.theglobeandmail.com/globe-investor/investment-ideas/number-cruncher/fertilizer-firms-the-cream-of-the-crop/article17888468/ here is a list of top 10 fertilizer firms market caps posted earlier this year.  it shows more than 10 companies but the top ten total a marketcap of 137BILLION dollars. i wouldnt say a mechanism for saving double digit banking fees couldnt attain a 300 mil marketcap.. thoughts?

[Truthful]

Thanks Jase for responding in a reasonable way.
1. Bankrutptcy is important as it shows the person is not financially sound. The more important point is that this communicty tried to claim that the bankruptcy information was false. Nilesh Nair is an undischarged bankrupt. If Mike Geister claims that he brought documents why didn't he share them. The bankruptcy is current. See this document http://www.docdroid.net/f94l/bankruptcy-search-1.pdf.html
2. The fact that Bohan Huang is posing as a front for Nilesh Nair, you didn't refute. Didn't refute the fact that they are doing this together??
3. It was not stated that Bohan Huang and Nilesh Nair are the same person.
4. The fact that other scams have been unveiled shows the fact that the invention of some so-called crypto currency is a breeding ground for people like Nilesh Nair and Bohan Huang to profit from doing nothing other than post one thing after another in order to convince you that it's all legitmate.
5. I wasn't plugging the other forums. Just stating that it's good that others are also trying to shed light on this ridiculous attempt to take people's money from them.
6. The Villay Pillay Group have not made any attempt to ensure the community that they are legitimate. Isn't that Bohan or Nilesh who are doing that? Hardly relevant. Just like they've produced everything else.
7. No one goes through the efforts to produce videos that were produced in Australia, it's all part of the con job to lure you in. Isn't that what a confidence (CON) man does? Then they say it all operates from Hong Kong. It has been stated by someone that the Hong Kong office doesn't exist. The only address that exists is Unit 1, 8-10 Mary Pde, Rydalmere. The address at Australia Square is false too. No one can contact any of the NIER's other than via a gmail account. Not only are these lies but hardly transparent.

It's good that someone replied in a sensible way, thanks Jase. Yes, all of it is speculation, but isn't it better to prevent people from speculating in the wrong things? Can't sit back and watch decent people get taken for granted and see their hard earned money be taken from them for a person who is bankrupt.

Bankruptcy is unnerving, I'm sure we will never hear any explination for it, as its not information the public is clued into as its rather private. I wont go on to quote the many people who have become rich or remained rich with bankruptcy in their past. whatever the cause for this, undischarged bankruptcy is discharged within 12 months so long as there is not a reason it shouldnt be.  This date is due according to the document you provide as of the 26th next month, unfortunately not soon enough to just wait and see if its been resolved enough to not be an issue. anyways the information mike had posted was for the insolvency fud from a ways back. theres 2 document links https://twitter.com/mikegeister/status/489809028839510016
and a credit report of ges here
https://twitter.com/mikegeister/status/489792881377284097
guess those are irrelevant though Nilesh might not be able to hold his board status if in bankruptcy.

your saying bohan is a front for nilesh as he cant act since he is bankrupt.  thats a conclusion you can arrive at that i can not, i guess i could see how it might work, but im not familar with scam techniques enough to see.

id say that posting one thing after another is exactly how a normal operation works too, the crypto wild west may be a breeding ground for scam types and they could have made everything up but its my personal opinion that they have provided plenty of information involving parties not likely to be coerced into scam types of behavior.  Its proven that Nilesh has been part owner of GES since 2008, Proven they work internationally, Proven they have had 25million dollar contracts in the past. and the first company who was stated to work with the protocol and place an order acknowledged it on their website for what its worth. On the scam thread someone mentioned calling ASIC enough times for them to start an investigation, that was weeks ago. yet Nilesh was on camera not in jail just last week. So far no news is good news on that front i guess.

People have made the argument about western countries websites vs other websites. Bohan stated today in irc (regarding the Indian nier)
"1:00 PM <•true-asset> the standard procedure is to idea check the buyer before exchanging phone numbers in this industry" it looks like almost all the alibaba style sites and trading forums in these countries are form field submission boxes where you fill out a box and someone contacts you back. the fact that these people arent jumping up and down with flags with GES or Uro logo isnt a surprise to me.  the only company we havent heard much from is the nier from china.  to be honest it wouldnt surprise me personally if the 4 niers are affiliate or reps who work for GES anyways and are just accepting the role of being a liason for uro>urea transfers in their region just as they would be liason for any normal import/export transfers they normally deal with. Also Vinesian Pillay Vinny Pillay was ID'd as having worked with greygriffin a pharma company in that area which does import export also. so hes not a made up individual. hes been on the ges site, so potentially is involved in these transactions for multiple businesses.

thats enough for now ill just start rambling, which is probbaly what most of this sounds like

Thanks for your reply Jase.

1. Bankruptcy in Australia lasts for three years. See for yourselfhttps://www.afsa.gov.au/debtors/bankruptcy
The information is not private as it's publicly available on AFSA's website. Are you saying that it's ok to be bankrupt while trying to run a so called business?? Yes, wonder why he declared himself bankrupt if the company is supposedly a multi-international company making million dollar deals?

2.The so-called reports from Mike Geister relate to GES Australia. See for yourself http://www.scribd.com/doc/234257360/2-d-3330353534313239313
http://www.scribd.com/doc/234257362/373735303733393837343

Nilesh Nair's wife is the director of GES Australia. It supposedly has nothing to do with a so called HK affiliation.

3. There's no proof that they work internationally. As you stated the NIER's are probably all affiliated with each other. It hasn't been stated that Vinney Pillay is a made up individual. He's probably part of the front to make it all seem legitimate.

4. The four NIER's are not presenting any information other than websites and so-called signed documents. Really what does it prove especially when the names and signatures don't match.

5. Since when is it standard procedure to check out the buyer before exchanging numbers as claimed by True-Asset? Sounds like they are giving people the long straw.

6. It was proven that the so-called 25 million dollar document was manipulated. Even so, why is Nilesh Nair bankrupt then? And why doesn't the office in Rydalmere look like an office a multi-million dollar company would have?

7. Why are there no previous records of any so-called deals GES have supposedly been involved in that amounted to such large sums of money?

[Cryptourologist]

FUD posts are deleted for deduplication. Saves space on a page, so people can actually find something useful.

As for bankruptcies: http://www.investopedia.com/financial-edge/0210/millionaires-with-the-most-bankruptcies.aspx

[wyospl]

Truthful you have made your point here, everyone in this thread understands how you feel.  If you do not believe in uro and you think it is a scam that is fine, but why keep coming back over and over again?  Isn't there a coin that you do like where you could go discuss it with other people?  I'm not trying to be rude, it just seems that you have made your point...

[jasemoney]

Thanks for your reply Jase.
1. Bankruptcy in Australia lasts for three years. See for yourselfhttps://www.afsa.gov.au/debtors/bankruptcy
The information is not private as it's publicly available on AFSA's website. Are you saying that it's ok to be bankrupt while trying to run a so called business?? Yes, wonder why he declared himself bankrupt if the company is supposedly a multi-international company making million dollar deals?
2.The so-called reports from Mike Geister relate to GES Australia. See for yourself http://www.scribd.com/doc/234257360/2-d-3330353534313239313
http://www.scribd.com/doc/234257362/373735303733393837343
Nilesh Nair's wife is the director of GES Australia. It supposedly has nothing to do with a so called HK affiliation.
3. There's no proof that they work internationally. As you stated the NIER's are probably all affiliated with each other. It hasn't been stated that Vinney Pillay is a made up individual. He's probably part of the front to make it all seem legitimate.
4. The four NIER's are not presenting any information other than websites and so-called signed documents. Really what does it prove especially when the names and signatures don't match.
5. Since when is it standard procedure to check out the buyer before exchanging numbers as claimed by True-Asset? Sounds like they are giving people the long straw.
6. It was proven that the so-called 25 million dollar document was manipulated. Even so, why is Nilesh Nair bankrupt then? And why doesn't the office in Rydalmere look like an office a multi-million dollar company would have?
7. Why are there no previous records of any so-called deals GES have supposedly been involved in that amounted to such large sums of money?

the reference i looked at was not australia specific so i was unaware it is 3 years, i understand the knowledge that an individual or company is bankrupt or in proceedings are public info, the information surrounding how it got to that point does not appear to be public or readily available. im not saying its ok to run a business while bankrupt nor am i saying everyone can operate like donald trump and be a baller though multiple bankruptcys. my feeling is that his bankruptcy hasnt brought down the business as far as we can tell so while its a red flag, its not game over.
As i said the documents were about the insolvency notice on GES which was for a 2000 dollar thing a bit back, not Nilesh personally. All we have on that is what you provided.
https://twitter.com/search?q=uro%20hong%20kong&src=typd this shows the GES LTD HK (not PTY AUS) it doesnt prove nilesh is in control of it. i dont feel like paying ICRIS.cr.gov.hk $13 to see if nilesh is on the board or not.  CR No.:   1682761  Company Name:    Green Earth Systems Limited this appears to be what we'd be looking for if anyone feels rich. this company has been registered since 2012 it seems.
https://twitter.com/search?q=uro%20hong%20kong&src=typd shows the nier (offtopic) but of china has been registered over a year
the internaitonal proof is that Rivaa acknowledges working with them specifically with uro, that they are registered to work with IPL of the indian government, that they work (with security systems likely) for the DOD in the usa. etc
so the niers arent going nuts online, i dont see this as unusual.  reach out to urea trading india, or ges honk kong they are on the uro board with contact info they are the ones point someone into the right direction. so far most inquiries by people form this forum are not legit and have likely been met with a cold shoulder. im sure they know we arent the end user and are just in it for a price rise.
i have no idea but i imagine you have to know your customer in some sense, and at least figure out if they are capable of recieving this ammount and type of product before wasting time playing host to mr pretend buyer aka couchman daytrader.
ges doesnt have to provide any records of deals, they did to soothe the fact that people were being critical of their capacity at that time. i highly doubt anybody could have predicted that the urocoin would still be worth $2 after 3 months

*anybody who believed in the project

[true-asset]

I would recommend that everyone refrain from getting angry over the immature and ignorant remarks of certain individuals.

These malicious members seek to incite anger in otherwise peaceful discussions, causing religious, political or racial remarks to appear. These malicious members then seek to smear the Uro community across social media as a group that are religiously, politically or racially insensitive, in a childish attempt to undermine our growth.

Do not stir them up or provide them fuel by degrading down to their level of misunderstanding. Leave them to scurry at their level, while we ascend into our bright future.

To the malicious members, I have this quote for you:

“The volume of your voice does not increase the validity of your argument.”
― Steve Maraboli, Unapologetically You: Reflections on Life and the Human Experience

To the rest of us, take heed in the wisdom that has come before our time:



“The most important tactic in an argument next to being right is to leave an escape hatch for your opponent so that he can gracefully swing over to your side without an embarrassing loss of face.”
― Stephen Jay Gould

“If you can win an argument by stretching your lips for a smile, why open your mouth and lose it.”
― Sukant Ratnakar, Open The Windows: To the World around You

“Don't argue. Never deign to deny. Meet insults with laughter.”
― Leigh Bardugo, Siege and Storm

“Discussion is an exchange of knowledge; argument an exchange of ignorance.”
― Robert Quillen

“There can be no progress without head-on confrontation.”
― Christopher Hitchens, Love, Poverty, and War: Journeys and Essays

“Don’t fight with narrow minded people; be determined to compel them to change their mindsets about who you stand to be, not by arguments, but by focusing on what you do every day. If they change it, fine; if they don’t, fine. The good news is that you are pursuing excellence!”
― Israelmore Ayivor, The Great Hand Book of Quotes

“Be quick to resolve conflicts before they mature to become wars. The energetic crocodile was once a delicate egg!”
― Israelmore Ayivor, The Great Hand Book of Quotes

“He disliked contradiction, and still more, arguments that were continually skipping from one thing to another, introducing new and disconnected points, so that there was no knowing to which to reply.”
― Leo Tolstoy

“You can't win an argument with an argument.”
― Sukant Ratnakar, Open The Windows: To the World aound You

“Obviously, argument is a judicious act. One should be very cautious and descriminational about choosing the right person before engaging in to the process.”
― Chandrababu V.S.

“Don't argue. Never deign to deny. Meet insults with laughter.”
― Leigh Bardugo, Siege and Storm

[mrbenjie]

I would recommend that everyone refrain from getting angry over the immature and ignorant remarks of certain individuals.

These malicious members seek to incite anger in otherwise peaceful discussions, causing religious, political or racial remarks to appear. These malicious members then seek to smear the Uro community across social media as a group that are religiously, politically or racially insensitive, in a childish attempt to undermine our growth.

Do not stir them up or provide them fuel by degrading down to their level of misunderstanding. Leave them to scurry at their level, while we ascend into our bright future.

To the malicious members, I have this quote for you:

“The volume of your voice does not increase the validity of your argument.”
― Steve Maraboli, Unapologetically You: Reflections on Life and the Human Experience

To the rest of us, take heed in the wisdom that has come before our time:



“The most important tactic in an argument next to being right is to leave an escape hatch for your opponent so that he can gracefully swing over to your side without an embarrassing loss of face.”
― Stephen Jay Gould

“If you can win an argument by stretching your lips for a smile, why open your mouth and lose it.”
― Sukant Ratnakar, Open The Windows: To the World around You

“Don't argue. Never deign to deny. Meet insults with laughter.”
― Leigh Bardugo, Siege and Storm

“Discussion is an exchange of knowledge; argument an exchange of ignorance.”
― Robert Quillen

“There can be no progress without head-on confrontation.”
― Christopher Hitchens, Love, Poverty, and War: Journeys and Essays

“Don’t fight with narrow minded people; be determined to compel them to change their mindsets about who you stand to be, not by arguments, but by focusing on what you do every day. If they change it, fine; if they don’t, fine. The good news is that you are pursuing excellence!”
― Israelmore Ayivor, The Great Hand Book of Quotes

“Be quick to resolve conflicts before they mature to become wars. The energetic crocodile was once a delicate egg!”
― Israelmore Ayivor, The Great Hand Book of Quotes

“He disliked contradiction, and still more, arguments that were continually skipping from one thing to another, introducing new and disconnected points, so that there was no knowing to which to reply.”
― Leo Tolstoy

“You can't win an argument with an argument.”
― Sukant Ratnakar, Open The Windows: To the World aound You

“Obviously, argument is a judicious act. One should be very cautious and descriminational about choosing the right person before engaging in to the process.”
― Chandrababu V.S.

“Don't argue. Never deign to deny. Meet insults with laughter.”
― Leigh Bardugo, Siege and Storm

AMEN

[lemonsieur1]

Truthful's obsession is weird and creepy..

[Frigga77]

Woke up seeing all this FUD.
Something big must be going on. This coin really must be something!
Ok you have convinced me, I'll buy some more

[Frigga77]

This one deserves to be posted more often

[stormia]

Chang I am tempted to say that the fact that you are still here gives more credit to the coin than anything else 
ASIC must not be turning up the results you were hoping for?? Or what?

[Chang Hum]

Chang I am tempted to say that the fact that you are still here gives more credit to the coin than anything else  
ASIC must not be turning up the results you were hoping for?? Or what?

Yeah I'm not surprised you're tempted to say that : D . They said they'd aim to contact me again within 28 days of July 21st which is still 10 days away, wasn't really hoping for results from them just rather to wake the hopeless up on this forum. A bit disappointed with the legal system and also Coin Telegraph for not stepping in, seems criminals can do what they want online!

[deephouse]

Mods kindly delete Truthful's Ctrl C + Ctrl V posts.

[Frigga77]

[deephouse]

@Chang

[codmaster]

we do welcome this



https://twitter.com/bohan_h/status/498011051032461312

[niothor]

With only 3btc the price would go x3 up.

Indeed with 5 btc it would go /2 but now seriously , with that strong community you claim there is nobody interested in this coin to at least reach a trade volume more than 1 btc?

[moreandmore]

haha great jobs boys! But it's still interesting for me that people believe in yours silly words

[moreandmore]

once again boys! Good work to manipulate small fishes Time will show if you have right or not I only use this moment to buy more