I don't believe I'm playing word games. We have an account with user balances in it. Dwolla went in and pulled $37,000 out of our user balances. We've said that we want that back from Dwolla. If they don't return those funds then we will compensate our users out of our company funds. Users will be able to withdraw their funds from TradeHill.
Does this answer your question?
Jered
Now it's clear, so you don't have enough funding to insulate your customer's funds from your operational account. Dwolla withdrew or debited your account which essentially was your customer's money. Not a very smart way to do business. Wreckless at best. BTW I work on Sand Hill Road in Menlo Park and I know that has VC meaning to you. I'm no dummy.
You're up a creek if a lot of people suddenly withdraw USD from TH aren't you?
Keep airing this out in public, saying more than you should and that is exactly what will happen. If you have any sense at all, you will stop making this public, arbitrate with with Dwolla and settle this quietly.
If your users start an attack on Dwolla based on your postings here in this forum as they have indicated, you are done in the VC world and you can take that to the bank.
Once again, if you're smart, you'll stop the public whining and settle this quietly.
Wow, that sounded an awful lot like a threat. So the typical business world would rather we all play in the dark and hide in the shadows instead of dealing openly and fairly? Did I get that right?