Post
Topic
Board Service Discussion
Re: Esoteric Investments, LLC (up to 1% earnings)
by
Aahzman
on 11/11/2014, 14:56:53 UTC
(14:52:07 PM)  Maxx: "If there is not enough bitcoin after liquidation to refund the total amount deposited into the pool; the ratio of bitcoin after liquidation to the total deposited amount shall be taken and applied to each account. " Not sure I understand this line. So we might not get our entire deposited amount back?
(17:09:09 PM)  Phantom: when a trade ends from the time we bought in to the time we sold off. that profit or loss is put to a profits pool to do payouts over time. this profits pool was always positive.
(17:13:18 PM)  Phantom: all the trades that were bought in but not sold out of are losses right now. We had a stop loss point that if all investments caused the estimated pool value to fall below 40% we'd get out of all coins and stop our losses.
(17:13:49 PM)  Phantom: this didnt happen we are stopping for other reasons
(17:15:18 PM)  Phantom: but until a trade is ended it isnt factored into payouts. you can move in and out of coins with thousands daily. its a misconception of the pool from the start from many people.
(17:18:39 PM)  Phantom: you might not but as some of the liquidations were decent losses. though we really want to leave this on a good note to not leave a negative feeling for flirtcoin or new project.
(17:21:29 PM)  Phantom: So we will find anyway possibly to pay back the full deposited amount regardless of losses. Further costs out of our own pocket and in multiple installations if neccesary. This is to all be worked out fully still.
(17:23:17 PM)  Phantom: for one of my last messages: cant* move in and out of coin with thousand
(17:30:54 PM)  Phantom: Fact of the matter is at absolute worst this is not a total loss. It was a risk not a guarenteed thing, we always said this. And bitcoin is going to be returned month(s) before any terms were expred. So we are exceding all obligations of us. We're not going to do much more than that for your happiness if you arent satisfied with that situation.

Translation: "You'll get what we decide to give you, and if that's not good enough, too fucking bad."

So, basically they went from saying all investor funds would be withdrawable (earnings+principle), to users will get their principal back FOR SURE, to "now we're not sure we'll be able to cover everybody's deposits, so we'll justify it by saying it was all a risk", and telling investors that if they don't like it, too bad.

I signed up to determine if they were related at all to bitcoin-trader.biz ...