Quote from: relaric on October 21, 2014, 06:14:07 AM

Mark, I know you've heard it several times in this thread and I know you've gone to some pretty extreme lengths to try and dispel the idea but I am not convinced this isn't a Ponzi scheme. Here are a few of my reasons:

1) There's so much emphasis on your talents and your abilities and it's being presented as the most important information. If you truly believed in your idea than the focus of your announcement and subsequent replies to naysayers would be based on what your companies edge is in the field, what you're going to do differently and better. Instead you use your somewhat misleading accolades and hyperbole (32,000 sites, 2 mil consistent annual income, "internet entrepreneur") as the key reason you believe the company will be successful. 1 man does not a successful company make.

2) You refer us to your prospectus to show you have a "real business plan, that will succeed" (not direct quote). Prospectuses are intended to serve only the first point (validation of legitimacy, "real" business plan) and are not intended to be the primary material given to potential investors to convince them you will be successful.

3) Each Banx company/division seems to be trying to give the impression that they are already legitimate revenue generating businesses, while you're in the middle of an IPO that you claim still needs to generate 2 mil. That just feels weird, backwards and scammy. You already have your coins ready for sale on Banxmint, people can theoretically trade on Banx.io (although there is no one to trade with) and your offices are already full of equipment (including a dedicated video editing room and set?)

4) This is the reason that inspired me to actually post: You claim to be ahead of schedule and already producing revenue, enabling you to pay out dividends a month early. This is a classic Ponzi move; make the company seem like it's ahead of schedule to convince those that are already invested to double up (even though they haven't even seen a profit yet) and get investors on the fence to jump in quickly before they miss the boat. Please provide a cash flow analysis that shows where and how you've generated a net profit in the 2 weeks or so since your IPO.

There are other red flags I'm forgetting but I digress.

This is either a Ponzi scheme, or you are doing a terrible job of putting the good things you're doing or will be doing into the spotlight.

Also, what kind of CEO takes a week long vacation 2 weeks in to an incomplete IPO?!

Mark if you could convince me I'd be really pleased. The only reason I don't have the pitchforks out is I want this to be a real thing. Streamlining all the back-end processes of Bitcoin under one name and essentially one company would be great for Bitcoin and it's consumers.

The company edge is me. Plain and simple. I'm the one that will make this work in addition to the kick ass people around me I have. The other big edge is the background online we have and our extensive affiliate base. I did have 32,000 sites, and was making $2 mill a year recurring between 1999 - 2001, and I am an internet entrepreneur. Nothing misleading at all. People should believe in this company because of me. Because anyone who really knows me knows i work my ass off and wont give up until the goal and job is done.

We have many more resources , including the webinar we did last week for investors. Anything you would like to see not addresses please let me know.
We are mining, we have banx.io and we as selling shysical coins. yes. and most of the equipment in our offices are from our previous businesses. We are teady to trade and up the trade numbers, no one is trying to give the impression we are bringing in lots of money already/
Listen pal. no ponzi scheme here. hardly any over heads associated with the businesses now running and banx.io has made over 3 BTC in fees. That is what is being used to pay out profits. .

I think we have done great job of highlighting what we are doing.

If you have more questions , why not add me on skype and lets have a voice call.

This ICO will last until it is fully funded. The kind of CEO that takes a weeks vacation is the kind that 1, has been working 20 hours days for the last 6 months on this stuff and two is online, laptop and phone off and on all day still working.

I agree streamlined one company to do a multitude of things is the vision i have and it will happen.

Add me on skype ID mjlyford if you would like , I want you to be convinced if that is indeed possible to do

Regards

Mark