Post
Topic
Board Service Discussion
Re: [FireMine] Share Buyback Thread
by
ThomasF
on 20/03/2014, 01:30:31 UTC
This has all been explained multiple times. The account was compromised and most of the shares were sold at prices near 0.0000001 BTC so your math misses the mark by miles.
Why did the shares of AltSwap plummet in price?

Our original plan was to keep the IPO active on Cryptostocks until the official launch date, however, our account was breeched on the 25th of February and the IPO was dropped. In addition to the IPO drop, the intruder also lowered the prices of the shares to very low numbers.

I saw this about ALTSWAP... you never mentioned that it was done with FireMine as well.  Exactly how many shares were sold off without your consent, when, and at what prices?  They COULD NOT BE sold at 0.0000001 because CryptoStocks only lists down to 0.000001 .

You may own 23.6% or whatever (not sure if I can trust your math there either since I've refunded many shares since then) but most of those shares you purchased at next to nothing.
How many shares have been refunded not including the meager payout you think should cover mine?  Actually it doesn't really matter... 16,282 shares were sold and I own 3,850 of them... if you bought some of them back from others, they still exist so it doesn't change my math.  Even if you think they are somehow non-existent after you buy them back, this would mean that my % ownership of the company would be larger than it was when there were more shares, so again you don't make much since.

P.S. I refunded you for the shares for which you submitted a form. That is all that I have on record so that is all that I can send you.
I submitted the form for 3850 shares and was originally asking for a bit over 1.3 BTC which was calculated using the lowest ask price just before the Trade Stop you issued.

-- Thomas F.