Quote from: xhomerx10 on October 18, 2013, 04:40:02 AM

Quote from: lano1106 on October 17, 2013, 11:19:49 PM

Quote from: xhomerx10 on October 17, 2013, 03:06:53 PM

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.

I said what I wanted to say. The fact that you don't understand it is based on your imperfect mental model of what has transpired. All offers and sales of securities must be registered with the SEC or qualify for some exemption from the registration requirements. Even the exemptions, if you qualify for them, require a form 144 to be filed with the SEC. So, the legality of what occurred at BTC-TC and LTC-Global is the same as it has been since 1933 (apparently). The fact that you and I didn't know this doesn't make it any more or less murky since last month.
I know as much as the rest of you which means you know that Creativex has been running this revenue share for going on a year and communicating with us on a very regular basis until now. Obviously something has changed and I refuse to believe his intentions are dishonest. He has already liquidated the assets and holdings of LTC-DMF and dispersed those funds to shareholders as a dividend on the closing of LTC-Global (also operated by Burnside). He stated this in his last post on Oct. 7th (in the LTC-DMF forum) and has said nothing else since that day in this or the LTC-DMF forum. We also know that he was considering other options to continue trading at first but those options were and still are extremely limited. I can guarantee one thing - no investors have got stolen. (sorry I couldn't resist)

Take care

There is no excuse for disappearing this way. Burnside is probably in bigger trouble and still he managed to organize a controlled shut-down of his site. If creativex doesn't want to / can't pursue the business any longer that's fine with all of us as long as he liquidates the assets and distributes the proceedings accordingly. Staying in silence while logging in here is probably the worst thing he can do.