btcQuick is not operating and it has been decided that the company will be dissolved and the remaining funds will be returned to the investors.
We decided that this would be the best option in light of our new merchant account being a complete joke, ACH payments are extremely fraud prone, U.S. regulation ,and our bank account has been put on hold. Due to the Credit card and ACH chargeback windows we will have to wait 6-12 months before we can return the funds back to the investors.
I will issue an official memo in the coming week along with a current assets report/listing.
Thank you for your support,
Ascension
Sad to hear....
But how will the process of returning funds work??
Probably most of Btcquicks' assets are in USD; returning funds would be in BTC but expect BTC/USD to rise in the next 6-12(?) months.
Why not exclude funds that are affected by possible CC and ACH chargebacks and payout the non affected funds to investors in the next few weeks? When the chargeback windows have closed the remaining funds could be paid out?
Likely a much better solution than waiting up to 12 months to pay out everybody