Post
Topic
Board Altcoin Discussion
Re: Are BanxShares as good as GAW Paycoin?
by
crypto jerk
on 08/12/2015, 16:39:33 UTC
Was timmah the only sock that ever received this payout?


To you folks just tuning in. Here's how this whole thing worked. Mark had some type of consultant business that generated profits, most likely from new members fees coming in. Those profits were distributed to holders of banx shares, claiming banx is profitable. But banx shares were/are in a perpetual state of ipo offering(till like next year and actually files some paperwork), only banx site can buy /sell them. And as we are proving, you CanNot sell them below "set price". If you could sell them below ipo offering that would mean they actually have a market and therefore a marketcap. Without a marketcap it is fraudulent to list them on a site such as coinMarketCap. When banx scammed it's way onto coinmarketcap top 10, mark used this as proof that he was a savy businessman, and gained customers that helped generate profits, that were distributed to shareholders. Once banx Main marketing tool, his listing on cmc, was removed, he didnt look as savy anymore and well, this clever ponzi is starting to unravel.

Sorry stereotype but im not wasting words by repeating every thing we have already gone over on this thread. I simply came to add that i had recieved my profit payouts again from banx.  Grin