Re: [ANN] AutoDiv3 - Why Get Burned When You Can Earn? Dividends Every Saturday!
The least that could be done is a swap-out for recent buyers before the announcement. Nothing about this was 'obvious'
Really ? It was waiting to happen . .
yes. really. the OP looks exactly as it did weeks ago. all it speaks of is autoDiv3. the lack of conversation about autoDiv make's it obvious? what it does say about autoDiv3 is that it is designed to be a longterm/lifetime investment. so why would anyone just assume that autoDiv is any different?
The difference is that AutoDiv was an IPO with a short sales period. I told initial investors it was an experimental fund. I do not feel at all bad about shutting it down because all initial ICO investors received at least a 200% ROI in just over two months.
I have not marketed for the asset in quite some time and I have told anyone who asked that I felt it was not as good of an investment as AutoDiv3 when the price soared about 5 all the way to 7 or beyond. Why? Because the dividends were calculated on the basis of 4 NXT only, lowering the effective yield below the amount paid by ICO investors. In other words people were paying more to get less.
On the other hand AutoDiv3 has been selling for below the .1 rate which the dividend calculation is made at. That means the effective yield is higher than what is offered. Since both assets were used primarily for dividend appreciation it seems people would choose that one. However numerous people have been 'day trading' both assets. That is particularly a problem for AutoDiv because the dividends are supplementing the trades and most people are not holding - which was the main and only point of the asset.
So in other words you suddenly stopped paying dividends?
Without an announcement?
Why should anyone ever trust you or any of your assets ever?
Clearly, the original pool of capital is not profitable enough to continue AutoDiv. In other words, it was a ponzi scheme. Either that or you just stole AutoDiv investors' money. Pick one.