Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
That guy just might be full of shit.
Somehow he's gained 2,598 employees in two years.
http://www.nasdaq.com/markets/ipos/company/meganet-corp-861937-67906
$100m "market cap"
Regardless of the fact that GAW/Zen is known for their poor customer service, I do not give much credit to the OP.
In my experience, no compliant public company would likely ever invest in a venture like GAW's as there is nothing to back up the money trail for the investor capital that public company would likely utilize to facilitate the expense (i.e. debt). As many know, every public company is A. registered and B. regulated. This involves very detailed yearly financials for ALL common stock holders (large and small) that is the definition of transparency. A $100K investment in a SEC unregistered virtual mining venture would likely never pass the muster of those overseeing that company; let alone the creditors.
The only way I see the OP's story making any sense is if he was using his own personal money to establish and maintain the account in question. However, him saying his company was considering an additional $400K investment contribution adds no substance to that stance.
Scott-
In my experience, no compliant public company would likely ever invest in a venture like GAW's as there is nothing to back up the money trail for the investor capital that public company would likely utilize to facilitate the expense (i.e. debt). As many know, every public company is A. registered and B. regulated. This involves very detailed yearly financials for ALL common stock holders (large and small) that is the definition of transparency. A $100K investment in a SEC unregistered virtual mining venture would likely never pass the muster of those overseeing that company; let alone the creditors.
The only way I see the OP's story making any sense is if he was using his own personal money to establish and maintain the account in question. However, him saying his company was considering an additional $400K investment contribution adds no substance to that stance.
Scott-
It looks like they may have tried to list on OTCBB, but it's unclear if they were ever able to do that. Probably not a "public" company.
http://www.sec.gov/Archives/edgar/data/1527795/000000000011060619/filename1.pdf