Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SuperNET - ICO conducted by BTER + ...
by
Nxtblg
on 07/09/2014, 22:44:06 UTC
... how much of your one asset is owned by another asset. ie answer the ponzi query clearly. --> Or do you want me to dig up info which you should be having already?
You are using a word that is indicating fraud, this I take offense at. Now the ponzi is an unsustainable system where the existing owners are paid by the new buyers and the only way this can keep working is to always get new buyers. I didnt bother to answer your accusation of fraud as this is nonsensical when applied to my assets. James

Okay, I'm going to step in at this point. Granted that I'm not that skilled tech-wise, but I do have a double life that includes some familiarity with the basic mechanics of publicly-traded companies.

What James is implementing, in part, has been a standard corporate reorganization technique for - at the minimum - ninety years. In part, the UNITY asset is analogous to a holding company.

Quote from: La Wik
A holding company is a company or firm that owns other companies' outstanding stock. The term usually refers to a company that does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies....

[Note: I used "analogous to" because I'd rather not play a securities lawyer on the Internet.]

@trythisnow: I'm a little like you in that I earlier played auditor on the Internet, although under circumstances that were a lot more pressing than yours a/o the here & now. If you must play auditor, would it hurt too much if you took a day to bone up on how things are done by the real thing?

EDIT: @trythisnow: Thanks a lot for calming down! Smiley