Quote from: xaviarlol on September 29, 2013, 12:13:46 PM

Quote from: pankkake on September 29, 2013, 12:07:46 PM

Quote from: jmutch on September 29, 2013, 05:19:02 AM

And it isn't so bad if compared to IPO price - again, it's not your fault people bought it without understanding what it was.

Actually, it is. From the start, (and even until now) jmutch didn't disclose important stats that would help ~~dumbasses~~ newbs figure out what is worth what. For example, he refused to include NAV changes of the fund in his weekly reports because the fund was performing horribly, which hid the true state of the fund and made it very difficult to measure its value. He also showcased the fund as making "profit" when in fact it had made enormous losses in NAV, via highly misleading reporting methods, and the way he presented that in those weekly reports was very (and purposely) dishonest. So most newbs had no idea that the fund was a trainwreck.

From: https://www.havelockinvestments.com/fund.php?symbol=SDSTM

DESCRIPTION:
...The primary focus of Sandstorm is long term wealth creation.

Assurances:
...The creator is in this for the long term and will not give up.

If on the unlikely chance that Sandstorm can't continue:
Shareholders will be fully informed and a suitable replacement for
management will be sought after

Joshua Mutch, let me get this strait...SDSTM owned shares of various things... assets.. and you suddenly decide to liquidate those when they're still paying dividends for your investors and buy back all shares at pennies on the dollar? I'm a student with a lot of debt hoping to make a little money, my loss in this is painful. I didn't want to sell MY shares, not at the price you gave me for them. As long as there were dividends coming in on SDSTMs assets and generating dividends for me - no matter how small, I would have waited years just to break even. I feel robbed and you've not even offered us an apology.

Joshua Mutch, fuck you - you fucking punk. I lost over 25 BTC on Sandstorm, buying all the way down as recently as yesterday because I expected you to hang in there like you said you would, because "The creator of Sandstorm has been creating wealth through BTC related activities for a long time", because "Joshua Mutch has a comprehensive background in economics", and because Havelock still lists SDSTM as having an Annual Yield of 26.26% - so of course I bought more!

I've lost 25 BTC already so it would be worth it to me to pay 5 more as a bounty for someone in Australia to give you a serious ass kicking... Hell I'd pay 6 BTC to see a youtube of you crawling around on your knees trying to pick up your teeth with broken fingers. If a few more people (who you burned) chip in I'm sure we could afford a quality beat-down for you - or a few cheap ones.

Some of you others might disapprove of such uncivilized calls for violent vigilante justice but before you censor me, this is the wild west of unregulated investments, we have no authorities we can appeal to regarding these lies and broken promises. Lets discuss how we foster responsible stewardship by fund managers without making an example out of one or two lynch mob style. A scammer label or banning someone from a website does not measure up when fines or jail time would otherwise be in order. We have a perfect tool for crowd funding anon payments anywhere in the world... we should use it to hire a guy with a camcorder and brass knuckles. If you're an investor and have a better idea this might be a good time to chime in, if you don't have a better idea just look the other way for your own sake and the common good.