Post
Topic
Board Project Development
Re: RingWallet - Wearable Hardware Wallet
by
Ringwallet
on 23/06/2024, 09:49:02 UTC
So first of all, since this has been a discussion for a long time on this thread, the US company is out, it's actually been out for the past 2 weeks since the 6th of June, I just didn't have the energy or mindspace to come and post here. I'm honestly not sure how to link it here but the company is called Ringwallet Inc; registered as a C-Corp, in Delaware, with file number 3858518. I think you can search for it on the department of state website of delaware. So Vod, the company is out, it's actually been out for 2 weeks since I said it would, the filings should prove this as well, I honestly just didn't have the energy for this. So I would appreciate if you can remove the trustpilot rating as you said you would.

Hey, sorry to hear about your loss.  I recently lost a cat to cancer.  Sad

I hate to tell you this, but you got scammed (common in Delaware).   The company you paid just set up a new local corporation.   It shares the same name as you, but it is not related to your home corporation in any way.   Sad

Hey, thanks for that, I appreciate, it genuinely sucks but hopefully it'll get better with time.

We set up the company with Stripe Atlas, since it was one of the best options for non-US residents and was recommended by a founder friend. They have a lot of limitations though so yes now that the company is out we are working with a law firm to make the Romanian entity a subsidiary of the US entity. I just wanted to give an update on that since it was something I had previously promised to do. Atlas doesn't allow you to register a subsidiary upon incorporation, it also doesn't allow you to have more than 4 shareholders upon incorporation among other things so I had to create a large option pool and will now have to also allocate shares from the option pool to the other shareholders.

Anyway, I'm not sure if Delaware shows you this but if it does you should be able to see that shareholders are the same. I will also update after Romanian entity becomes a subsidiary.

In any case, I will come back and give updates about Ringwallet in this thread when new things happen. I'm now waiting on a larger batch of rings to arrive and then I think we'll do some videos using the app & ring and post them.