At least it doesn't seem to be a scam, as dividends have been payed for a couple of months.
Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam..
Its also called a ponzi scam if he paid dividends from new investments.
If I remember correctly, dividends were paid for quite some time after all the 9930 shares were sold, so for this period there would be no new investments from which dividends could be paid.
I guess we just have to have some patience until all the facts come out, and/or funds are returned to investors.
You could probably pay dividends for some time from the IPO funds.
I spoke to him today on the phone.
He said he would be commenting on this thread tomorrow (he was going to bed at the time) and does plan to updat everyone as to ZipConf's current situation, and the return of funds if any.
He also stated that he would be matching bitdaytrades payment of 1000BTC for the REBATE asset, and would be commenting on that thread as well.