Refunds will be processed later tonight (lunch break not able to do them if we even have any more than the two requested late last night)
don't hold me to this but I'm in the process of talking with RoboCoin to see how exactly the fee's are generated (either in BTC or in fiat) from the talks its looking like its a mixture of both, we
MAY be able to amend the payments based on this. But at this time I'm unsure. On another little side note if we promise to pay 3 times in BTC and BTC drops we can technically buy you out.
We've selected the list of cities / areas based on what we've been told could possibly work based on the environment of the location.
We are open to suggestions on how you would like to see compensation however giving ownership of the ATM to each person could run into problems later, maybe a higher return + longer time period, if we can offer partial ownership we will.
And this is a business so if we go the way of tripling your BTC invested (or tripling what you invested) and then that goes down to a point where the business can buy you out in full by tripling your investment in a payout it comes back to us. But give us suggestions were all ears.
Honestly, the way I read it was that payments wouldn't stop once the ROI hit 300%, just that it was a guaranteed ROI of 300% over 2 years. So theoretically, depending on how popular these are, we could get a 300% ROI in a year or less, and payments would continue until that 2 year period was up.
With that being said, I am curious to see how they react to people who are unhappy about these terms. Here's hoping for the best.
For those that don't want to participate anymore a full refund will be issued.
The way we currently have the terms set up is you will get triple your investment ($123) within 2 years. After you get triple your $123's ($369) the ownership of the ATM belongs to the company.
Getting triple your investment back and 300% ROI are different. If I buy one share for $123 I would need $123*4 deposited for 300% ROI ($492). Getting $123 back is a 0% ROI. $246 is 100% ROI and so forth.