You guys should read something -
http://www.sec.gov/info/smallbus/qasbsec.htm#noreg and ascertain whether it applies in our collective case. I would be hard-pressed to believe that any of you would think otherwise. Given that Creativex is an American citizen, it is in his best interest to remain silent now and possibly forever on the subject of bASIC-mining. We all jumped in and took the risk without fully understanding the regulations and consequences of our actions. It is time for us to grow up and take responsibility for those actions. Perhaps what is really needed at this time is a defence fund for Creativex rather than a scammer tag! You people are the scammers. You are probably in violation of federal and state laws which hardly gives you the authority to second-guess the integrity of Creativex. I would hope that he is retaining counsel if it is required and it would be nice if someone with the know-how would set up a defence fund on his behalf. Does anyone here have that knowledge?
Creativex - if you are reading this - take care of yourself.
Just trying to understand what you want to say.
We all understand that at best the legal situation of basic-mining is/was murky.
Are you saying that now that legal risk become more concrete (IMHO the same as last month) this justify disappearing and leaving the investors wondering if they got stolen?
I'm fine with CreativeX not willing to pursue further because of legal risk. If that is the case, the correct thing to do is to liquidate the assets and distribute back the profits to the share holders.
Not a legal expert but disappearing could make him be in even more trouble if someone having lost few thousands of dollars calls the police.