Quote from: wisard on March 28, 2013, 08:00:46 AM

Quote from: Ascension on March 27, 2013, 08:23:47 PM

The first "Early-Bird" 10,000,000 shares have been posted for 0.00005 BTC each.
Second Batch: 7,500,000 shares will be posted on Friday March 29th for 0.0001 BTC each.
Third Batch: 7,500,000 shares will be posted on Sunday March 31th for 0.00015 BTC each.
Fourth and Final Batch: 7,500,000 shares will be posted at the discretion of btcQuick for 0.0002 BTC each ONLY after all previous share have sold.

How will the raised funds be used?
BTCJam currently maintains loan at BTCJam ( https://btcjam.com/listings/2143 ) with a remaining principal balance of about 300 BTC.

First share batch:
300 BTC of the "Early-Bird" will go towards the BTCJam debt to settle all debts.
The remaining BTC will be used to increase btcQuick's rotating inventory supply to sell.

20% of funds raised from shares after the first batch will go to the current issuer for the hard work, time, effort and success of btcQuick.
The remaining 80% will be added to the inventory cycle.

The issuer is essentially selling off the first 20% of btcQuick ownership to cover a loan, increase inventory and increase profits without directly profiting.

Just some calculations, please correct any errors.

By 31 March, total BTC to be raised:
Early bird: 500BTC
Second batch: 750 BTC
Third batch: 1125BTC

Total: 2375BTC

Out of which, 300BTC will be used to pay back a loan.
375BTC will go to you - the owner / promoter - for hard work, time and effort.

Total inventory: 1700BTC.
This inventory increases by 1200BTC if you sell forth batch of shares too.

During the IPO Ascension took 300BTC to pay off his personal loan. 375BTC he took for himself for work. 1700BTC were used in selling bitcoins. They were circulated. During most of 2013 it went well and Ascension paid dividends and took a large part of profits for himself too.

All of those 1700BTC must be distributed back to the investors. If not, then it's another scam and Ascension is another scammer. Let's see what kind of story Ascension will come up with to tell how he lost all those 1700BTC.