[ANN] Banx - Liquidity Paid Back In From Profits

[altcoinUK]

Forgive me for this question, and I am not trolling here nor concerned whether it is a ponzy (sadly I came to the conclusion that there is no point to fight against scams in this environment any more where so many scams exist) and really I am not implying that the foundation of this project is bogus in any way.

The reason I am here is, I support lately a project GadgetCoin and the guys over there try to implement a DAC (decentralized autonomous company) business model using a Delaware based LLC as the frame of the structure. However, their lawyer clearly stated that such securities offering - even they aren't offering publicly the shares in the company - is a clear breach of US securities law.
I also called our lawyer in the US who has been representing us for years over there, he is mainly an intellectual property lawyer but the expensive fucker seems competent at all legal matters. Our lawyer confirmed that indeed, offering publicly such financial instruments what GadgetCoin planned and it seems Banx Shares does would constitute a breach of securities laws in US jurisdiction. So (as far as I know) now the GadgetCoin boys are setting up a business in the Caymans to implement this structure, because they are scared to breach the US securities laws. Again, GadgetCoin not even offering this publicly, but since once they mentioned the plan in the public domain, then according to the solicitors it will be seen as illegal public offering. Is this concern valid at all? What Banx Shares does, which is public offering such shares and dividends is an illegal securities offering or not?

Since we don't have such restriction here in the UK, I am just trying to get my head around, and would someone confirm please that is the public offering of private shares or financial instruments with future dividends legal in the US? Thanks in advance for the reply which would be especially great from the owner of Banx Shares since I am sure he has an army of lawyers and carefully mitigated this issue.

I think these posts below will answer your question

I have publicly stated we are offering private investors discounts for large purchases of shares which they lock in for at least 12 months. We are concentrating on selling the remaining of the Banx shares to enable us to grow our business and develop our plans. Its a simple thing.

And one last clarification. We are only selling Banx shares to private investors, all shares for sale on the exchange are for sale buy people wanting to sell them. not us.

For clarification we have never sold our crypto based banx shares to anyone publicly, hence the reason we are selling to private investors. All Banx for sale on exchanges are people selling their own shares.

We are currently still selling our shares to private investors and we do so at a dollar value rather than a bitcoin value.

We are only listed on our own exchange at the moment because no one else has started to list us whilst we are still in the ICO phase.

Well, those arguments actually indicate this whole thing is illegal.

The arguments of Mark focus on who is the target audience which is quite right since you can offer the privately owned shares and the future dividends of a private company in the public domain only to licensed investors. However, the users of this thread and the Banx Shares investors are not licensed investors, none of them had a license when the Banx Shares financial product was offered and sold to them. Therefore, this offering is illegal just like the GadgetCoin share issue would be illegal if it would be offered publicly to unlicensed investors, isn't?

Again, I am just speculating what the answer is and asking, and quoting what US based lawyers say regarding this matter.

I don't speak for the company, but as the legal entities are incorporated in Hong Kong and Panama, I doubt the US has any jurisdiction to say whether it is illegal or not?
Also, you are assuming investors are not licensed investors, which is not speculation, it's assumption.

All right then. Of course if the companies are in Hong Kong and Panama then the share offering has nothing to do with US securities laws. My understanding was that this is a US venture as Mark is a US based business man. Sorry for bringing up this question here, if the companies are not US companies then my question is completely off topic, and again, sorry for asking this here.

[1715562090]

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[1715562090]

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[1715562090]

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[th3joker]

Mark Lyford is based in the UK, it's been mentioned more than once.

[ByronP]

Let me clarify a few things since Mark is busy ATM and no I will not be professional as I am off today and aggravated with peoples outlook on crypto in general. Ya there have been a lot of scams but being ignorant and assuming because you don't understand a business, its model, or it's plans that it is a scam is nonsense. I hear the word scam thrown around all too much and I am sick of it. You know what a scam is GAW that was either a scam or a idea by people who are lacking in basic math skills yet no one cared, mcxnow giant blatant scam and no one cared, ... Yet you call Banx a scam? We are not out soliciting people in the forums for cash or anything else. We are a dedicated team of professionals who wish to bring blockchain technology and purchasing power to everyone.

1. Slyy or whatever you'r name is you are an idiot! You have no idea... Banx.io is not some simple script our SQL Server license was more than 5K alone and the system is 100% scaleable. Before becoming Banx.io it was valued at $280k USD so suck it.
2. BANX shares are not required to be registered as we A. aren't required by our jurisdiction B. wish to use blockchain technology which would not be possible with any current type or registered bond, asset, or share as defined by the USA which luckily does not apply to us. Just as USA does not respect bearer bonds which would mean that all blockchain based assets are illegal to anyone with the standard USA mindset.
3. Part of our plan is to enable a free crypto asset market just like bearer bonds did for shares before the USA changed to ensure they can regulate it the way they do everything. Using the blockchain helps avoid the hassles and risk associated with traditional paper assets.
4. The number you have posted for banx shares are wrong as you did not account for shares that are held by owner(s)

I'm probably missing some points but just ask and I will do my best to answer...

[ByronP]

We are individually located all over the world.

Mark and a bunch of others are in the UK
I am in the USA and other team members are located in the USA and other places as well.

Banx as a company is located in Panama and Hong Kong (and I think 1 other).

BTW: sorry for being crass but as I stated I am sick of the ignorance. Do your research, ask questions, and here's a new approach BE NICE. We are people just like you and don't respond well to accusations especially when they are totally off base and only appear to be crude attempts to discredit our work. We are open and honest people working together to try and make products and services that will hopefully have a positive impact on the world. As long as we are bringing new people into crypto we are happy. You think I made any money off of selling AT to Banx or joining them... NEWS FLASH no it was a huge loss and I get very little for what I do each month but I still do it because this is bigger than me or you, it is about people as a whole. We have so many awesome projects in the works it's hard to comprehend the big picture when you are not part of the team, see all the pieces, and how they all fit together to make an ecosystem of free trade.

[coinmaster222]

Banx.io exchange is regulated and Licensed by the IOM Goverenment just like Altbinex.com and the US has nothing to do with them or how they operate.Both adhere strictly to KYC/AML procedure and anti terrorist laws. People will always accuse new exchanges or ventures as scams but dont realise due to US laws they may be the only legal exchanges out there.

[waterpile]

People will always accuse new exchanges or ventures as scams but dont realise due to US laws they may be the only legal exchanges out there.

I agree to this, I think there is no single thread here that has no people screaming scam..

selling 15.8 shares for .1BTC could really use the cash

[coinmaster222]

once the ICO is finished Altbitex.com will list banx shares hopefully.

[timmyd]

Please see below for the locations of banx capital offices 


http://banxcapital.com/contact/

[timmyd]

Keep up the posting guys Free Ann page Advertising bump bump 

[bizzyb]

I'm probably missing some points but just ask and I will do my best to answer...

Where are the monthly dividends coming from? Here I'd like to see some solid proof.
Where is the IPO BTC wallet? This is important to check that it is not going towards buying your own IPO over and over.
When is the IPO ending?

As a Banx investor I would prefer you are not told any of this information.
It has nothing to do with you, and I hope the Banx team feel the same way.

[timmyd]

Good time for everyone to get signed up here since the threads active. 12 Days to go guys
www.Banxplatinum.com

[bizzyb]

Good time for everyone to get signed up here since the threads active. 12 Days to go guys
www.Banxplatinum.com

Already signed up

[timmyd]

I signed up immediatley lol. Anticipating what mark has planned. Will be good for sure.

[timmyd]

Banx is also running a competition, all you have to do is enter and you have the chance of winning.
1st prize is 1btc loaded on a physical coin.
2nd prize is 10Ltc loaded Physical coins.

https://leadin.io/leadin/UbUAY

[bizzyb]

I'm probably missing some points but just ask and I will do my best to answer...

Where are the monthly dividends coming from? Here I'd like to see some solid proof.
Where is the IPO BTC wallet? This is important to check that it is not going towards buying your own IPO over and over.
When is the IPO ending?

As a Banx investor I would prefer you are not told any of this information.
It has nothing to do with you, and I hope the Banx team feel the same way.

Adjusted to crypto standards this is more or less the first thing you ask yourself before investing in a "company". 

You're an idiot.

I, and others have done due diligence.

You're website is a joke, and so are you.
Go obsess in another thread you needy wannabe.
You are now on ignore, congratulations, the first user I've ever done that too.

[bizzyb]

Banx is also running a competition, all you have to do is enter and you have the chance of winning.
1st prize is 1btc loaded on a physical coin.
2nd prize is 10Ltc loaded Physical coins.

https://leadin.io/leadin/UbUAY

Hmmmm tempting but really don't want my social media stuff getting followed, but its certainly a fantastic giveaway, and a great way to obtain potential leads for private investors.

[ByronP]

I'm probably missing some points but just ask and I will do my best to answer...

Where are the monthly dividends coming from? Here I'd like to see some solid proof.
Where is the IPO BTC wallet? This is important to check that it is not going towards buying your own IPO over and over.
When is the IPO ending?

1. A mix of income from what businesses are operational so far and Marks personal assets (so is my understanding I am not in accounting). Solid proof of what?
2. There is no such thing since this is a private investment to private investors most of which is not done with BTC. We gain nothing by buying our, own that's silly.
3. When the remaining shares are sold.

[zsp]

I'm probably missing some points but just ask and I will do my best to answer...

Where are the monthly dividends coming from? Here I'd like to see some solid proof.
Where is the IPO BTC wallet? This is important to check that it is not going towards buying your own IPO over and over.
When is the IPO ending?

As a Banx investor I would prefer you are not told any of this information.
It has nothing to do with you, and I hope the Banx team feel the same way.

Adjusted to crypto standards this is more or less the first thing you ask yourself before investing in a "company".  

You're an idiot.

I, and others have done due diligence.

You're website is a joke, and so are you.
Go obsess in another thread you needy wannabe.
You are now on ignore, congratulations, the first user I've ever done that too.

You must be joking about the due diligence right? Here, at http://marklyford.com/business/ are listed Mark Lyford's "businesses". His only businesses are these crypto ventures.

Can I ask, how many shill accounts and sockpuppets run here by he lead developer Byron P? The projection of blind fate in Banx by a few accounts indicates there are quite a few shill accounts and sockpuppets operate here.

[ByronP]

I'm probably missing some points but just ask and I will do my best to answer...

Where are the monthly dividends coming from? Here I'd like to see some solid proof.
Where is the IPO BTC wallet? This is important to check that it is not going towards buying your own IPO over and over.
When is the IPO ending?

As a Banx investor I would prefer you are not told any of this information.
It has nothing to do with you, and I hope the Banx team feel the same way.

Adjusted to crypto standards this is more or less the first thing you ask yourself before investing in a "company".  

You're an idiot.

I, and others have done due diligence.

You're website is a joke, and so are you.
Go obsess in another thread you needy wannabe.
You are now on ignore, congratulations, the first user I've ever done that too.

You must be joking about the due diligence right? Here, at http://marklyford.com/business/ are listed Mark Lyford's "businesses". His only businesses are these crypto ventures.

Can I ask, how many shill accounts and sockpuppets run here by he lead developer Byron P? The projection of blind fate in Banx by a few accounts indicates there are quite a few shill accounts and sockpuppets operate here.

Are you fucking kidding me... you have some balls on you buddy. I have been nothing but 100% honest with everyone over the years and for a little shit like you to even remotely question who I am or if I would bother wasting my time with childish shit like having more than 1 account only proves that you are a fool that has no idea who you are fucking with. So consider this a warning from me personally and rest assured as thousands others will tell you I don't mess around. If you want to meet me or talk please feel free to come by or call me my information is easy to find you little shit.

[ByronP]

Ohh and BTW mark has more businesses than just the crypto ones however he doesn't list them on that site because of the fact that they are not BANX related. Just like I do more than just waste my time fucking around with morons like you.