Quote from: Bananery on June 21, 2014, 11:35:22 PM

Quote from: Ascension on June 21, 2014, 11:32:44 PM

Quote from: Bananery on June 21, 2014, 02:42:02 PM

Quote from: Ascension on June 21, 2014, 02:43:19 AM

Quote from: leewhat on June 15, 2014, 08:38:50 AM

Ascension, please give some updates.

As soon as the money is released from the merchant account provider and the hold on our bank account is lifted we will make a final payout based on the bitfunder asset list.
The new merchant account required 10% of every transaction to be held in a 6 month rolling reserve. Every that remains dime will be returned. If anyone has questions you can PM me.

The remaining USD is less than a cent per share. Once again you say nothing about bitcoins. It only means you stole them. You're a thief. Everyone should put negative trust. And those who can should sue him.

You need to reread the OP. "The remaining BTC will be used to increase btcQuick's rotating inventory supply to sell."
This means that we used the bitcoin supply as inventory in order to sell them to our customers.

Exactly. Rotating. You sell bitcoins, and you buy exactly same amount from an exchange. So all bitcoins must be still there.

No, it takes time to move the money from the merchant account to our bank account back to the exchange account. Bitcoins were purchased in real time with our customers.