Re: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX
Pretty much. Or rather, where did the money go? At $10k per device (when ordered in a large batch), that would mean there's somewhere close to BTC400 that have never been used. Even at $12,000 each (essentially the price to buy one at a time), that still leaves almost BTC245 in the air.
On one hand, you whine because CryptX has scammed you with the intial investment
On other hand your vote #4 because you want them to look for "future opportunities"
Future opportunities for them to scam you again
It is not possible that 68% of the holders are that stupid, the vote is obviously rigged.
It appears you're confusing several separate issues as one (understandable, given you've never shown much insight to begin with):
Previous
Issue #1) Reinvestment is wholly necessary for the health of a mining enterprise. Regardless of who's behind the fund (again, a separate issue), reinvestment is the only way to maintain active growth. This isn't so much an argument as it is a fact.
Issue #2) Cryptx's piss-poor management and communication skills. Nothing more to say on this one.
New
Issue #3) A third of the original funding raised by the IPO should still exist...somewhere. Theoretically, it should still be in the ScryptX Havelock account, unless Cryptx lied to the Havelock team to have it all withdrawn. I'll save my judgement on this until I can dig in a bit more.
Issue #4) From what I've been able to gather so far, Cryptx is spending roughly $2,000 a week for a hosting fee, but given the equipment we're using the total fee should only amount to $1,500 or so (and this accounts for fluctuations in LTC/BTC and BTC/USD prices).
Issue #5) As for the vote being rigged, I agree with you there (until proven otherwise). Given the sentiment I fully expected reinvestment to be halted...but to see 2/3 of all votes sway the other way is a bit odd (I don't hold that many shares, and I certainly don't think voicing my opinion carries that much weight).