Quote from: nwfella on August 19, 2014, 11:33:57 PM

Quote from: Puppet on August 19, 2014, 12:07:43 PM

Quote from: webbrowser on August 19, 2014, 11:53:24 AM

Exactly. I assume that cryptx will lower his fees, which is bound to be much higher than his costs. Dissolution and distributing the proceeds to shareholders does not benefit him since he doesn't hold any shares.

He does. Unless he dumped them all since, he converted the loan in to 4650 peta shares (x14 after split).
But he seems to be trying to get rid of them. Check the Scryptx updates, he is offering scryptx shareholders peta shares rofl.

I saw that as well. I've been making my voice heard over there on scrypt based thread letting everybody know what time it is with regards to CryptX and crew. If I had to lay money I'm betting that it is indeed this option (14:1 issuance) that will end up coming to pass. A whole lot easier for CryptX to keep track of the satoshi's he's robbing his investors out of if only having to manage a single asset. CryptX is basically like one of those fat-cat central bankers at this point in my mind. Could give a flying about what shareholders vote on. Half-baked hardware purchasing decisions that he knew would go south the minute he paid for them. Both of his asset's are a complete joke and I suspect by this point he's made so much money of of them that it doesn't really matter a cat's whisker to him that he's basically thrashed his reputation here. Just my opinion though.

Again, was there ever proof that investors didn't just pay 2x market value for Ghash mining power, after which point Cryptx just traded the assets in to payout ever-decreasing divs? Could've been a shill from the start - at least scryptx mines on WeMineLTC, so that's transparent.