Your lack of reading comprehension is why you and the rest of your lot are going to lose all your money to this conman.
First, this doesn't prove anything, they typed up lots of bullshit and didn't follow through on it.
Second, even if they did go through with it, READING the actual document shows why the honors program would have been complete bullshit, even if it did happen.
"4.3 Repurchase Delays Due to High Demand. Demand to participate in the Repurchase
Program is uncertain. Because the monthly Contribution Amount is a percentage of
Company’s monthly post-tax profits, high demand to participate may cause substantial
delays in the Company’s ability to repurchase your Paycoins.
4.4 Repurchase Delays Due to Company Finances. Because the Monthly Contribution
amount is likely to vary with the fluctuation of Company’s post-tax profits from month to
month, a lack of available funds will cause delays to the repurchase of Paycoins.
4.5 Paycoins May Never Be Repurchased. For any number of reasons, including but not
limited to a lack of available funds, company insolvency and regulatory developments,
the Company may never be able to repurchase Paycoins deposited into the Vault.
4.6 Artificially High Demand. Because participation in the Repurchase Program is
available to any person that holds Paycoins, it is possible that a person could purchase a
large quantity of Paycoins before the Deposit Period for the purpose of participating in
the Repurchase Program. Because Paycoins will be repurchased from the Vault in the
order in which they were deposited, large deposits made at the beginning of the Deposit
Period may create delays for other participants."
Those 3 specifically say that they don't actually have to give people money for the coins, which was also spelled out in the announcement of program. I still have not seen one logical reason why the honors program announcement moved the price up 1 satoshi because it said in plain english that they didn't have to give everyone $20 right away or ever.
