That is really sad and a lesson learned that we should never invest in a website which uses our money (bankroll) to run a promo on their website and the investors have a high risk of losing their overall investment because of that promo. The company should take the responsibility of these type of promos and should keep investors out of this. By using investor funds, they are playing with their trust.
What's really annoying is that when they re-opened investments they said that investments would be paused during competitions. Because of this statement I was confident that my profit would remain intact regardless of how things turned out and didn't close my investments. Now my lifetime profit is in the negative.
is this serious, especially #5?
Yes, it's serious. A word of explanation: a paused investment will just be "frozen" - it will retain it's exact value, but will not participate in the bankroll and profits. An investor could still close the investment and cash out anytime.
I think this is the only reasonable way to run competitions where we share profits with the players (like: 50% of site profits goes to the prize pool), unless anyone has any other idea?
Cheers,
Ethan