Quote from: auden on August 30, 2016, 05:31:35 PM

Quote from: turdminer on August 30, 2016, 11:06:31 AM

yes enough of the fraud/ legal action talk as it will not light any fires under any asses, and likely will lead to nowhere if this were indeed a scam. pointless to speculate, and all the threats in the world wont squeeze any more info from the dev than they are willing/able to give. i agree, lots of red flags with this "company," however, efforts to coerce the dev in such obvious ways is simply a waste of time.

then they should not make commitments they simply cannot meet

they say they will do XYZ on a specific date =======> then they should do XYZ on that specific date

if they cannot pay dividends, then simply DON'T DECLARE dividends

if they declare dividends to be paid on a date and then they don't remit dividends on declared date, that is fraud

it's really a very very simple

they have until Friday until i take action - I will not sell any shares at all, but will look into pursuing this to full extent of law as is my right

well if you have a large stake in this then that is certainly your prerogative. ultimatums do not seem to work with these guys, though. might as well just pull the trigger. to me if they were just gonna disappear they wouldn't have bothered with the Q1 payment a month back, they could've just pocketed that $38k. there was a large boost in trade volume after that payout, but we are talking like half a BTC on ccex for instance and little raise in price, so if the $38k was to hype Amber for a P&D then they failed miserably. it seems more likely that they are unorganized, shite accountants, or simply not too comitted to the crypto side of this whole scheme. that being said, you are probably right as fraud could certainly lead to a shortfall in their fiat/btc reserves, especially when Q2 is expected to pay $250k.

legal action seems difficult/ impossible for those of us who bought amber off the exchanges, maybe its viable for those who bought from amber directly but what course do the rest of us have? i signed nothing, and received no official shareholder certificate, simply bought coins on ccex and got three dividend payments so far. not sure how you would tackle this point, though i admit i have zero legal/ securities background.