Chef Ramsay, our refund of shares was at the purchase price exactly denominated in BTC, there were some who bought/sold shares above and below this price which we cannot help the profits and losses associated with this. We did indeed return every bit we took in through the offering in BTC, though shares may have changed hands at the users' discretions.

There is much misinformation and incomplete information driving these recent articles, posts, comments, etc. Bitcointalk will not be where this information will be clarified, at least initially.

However the founding manager is in close continuing contact with the former owner of the land at Galt's Gulch, of which the former land owner has equity in Galt's Gulch and the intentions of seeing this project through. The water rights are in no danger whatsoever. Zoning of this land was made known to investors that approvals were incomplete before the time of their investment. Resolutions to starting investors concerns have long been in the works despite longer timelines being unforeseen. Resolving the recent problems is not limited to the potential change in management of which the founding manager has been willing to negotiate, and this project is indeed viable from a perspective with boots on the ground.

A group buy was intended for anyone who may want to invest with a group of close friends or their family members not a group of "small timers" trying to turn this back into what we just ended. It would be in one person's name and they would be responsible for answering to there family members. This is not a solicitation for someone to organize a forum based group buy, but to contact us through our website and participate like any other client has done thus far through our sales staff. There are packages starting at $20,000 for the farm share subscriptions however the residential lots are available to those interested. Discounts will be honored according to the email sent, of which there are varying discounts depending on the size of the investment.

to redeem your refund go here;

https://crypto-trade.com/member/redeem

and enter the code in the your crypto-trade inbox

Refunds are 99% complete. Please check you emails and Crypto-trade inboxes

We were unsure of the status of the dividends as they did not process as quickly as expected. We had started sending out the vouchers via PM so we will have to finish in this manner as well.

Please check your inboxes for the remainder of you refund

76846 satoshis in limbo because your dividend system did not work. Please make the site able to issue the final refund to the people who invested through Crypto-trade

Waiting on confirms as we speak. We will try to send a satoshi to each share first to be certain of crypto-trade's dividend processing, then distributing the rest. If for some reason this fails, expect a CT redemption code in your private message inbox via crypto-trade's site.

The exchange we use is not necessarily the issue. The main reason we will end this form of funding is because the potential recourse associated with not documenting each shareholder's information. We do not hold it against shareholders for wanting to retain their privacy as it is a common ideal among bitcoiners in addition to many contemporary political philosophies. Our traditional investors often establish trusts for themselves, and we highly doubt any participants here are willing to put up the legal fees that are greater than the actual investment, and thus must yield their identities to participate among meeting other requirements. There are other reasons that this type of fundraising does not make business sense for us as well.

We encourage anyone interested in becoming a part of Galt's Gulch through our normal channels in either the farm shares or a residential lot in the community if they should choose. We have provided special promotions for those who would invest with bitcoin. We thank everyone for their continued patience, please know that refunding everyone involved here is a high priority and will not be overlooked.

We understand the frustrations of this predicament. We do not intend on leaving shareholders high and dry like the vast majority of other bitcoin funding initiatives to date

One can still navigate to our page,

https://crypto-trade.com/tradex/ipo/ggb_btc

This may not be helpful, but we do have all the information neccessary to manually transfer everyone their bitcoin. We are trying to find the most convenient path to do this for everyone for sake of ease and to avoid any possible human error.

An email has been sent to all shareholders

We will be sending a detailed email in the next 24 hours to all shareholders of this fund with details, directions, and a summary of the reasonings. The managers of GGC have decided to refund the holders of shares who bought through Crypto-Trade.

We will have a definitive announcement in a few more days. We are taking in and considering a few more consultations right this second.

Prompted in part by the temporary shut down of crypto-trade a while ago,  discussion ensued regarding the legal stance of offering a listing on crypto-trade. As to not put ourselves in a vulnerable position it was advised to change our host exchange to one observing the typical KYC/AML rules. As far as not formally informing prior, I am sure any excuse is inadequate.

The process has been admittedly slow. We are in a queue and will be sure to update as soon as new information is available.

No news yet.

We will be making a post here when the emails go out. We are currently in correspondence with Ciphertrade and are taking all time nessicary to make sure this is done correctly. If you have not already, feel free to make an account with the corresponding email as the first step with Ciphertrade.

Thanks again for your patience,  and please remember we are doing everything within our power to move things along as fast as we can.

We will be migrating to ciphertrade. I have all informations of the current shareholders, rest assured your shares have not "disappeared." Directions to proceed to ciphertrade will be emailed to all shareholders as soon as possible.

Sorry for any confusion this may have caused. Today is the scheduled launch of ciphertrade. We will proceed with listing the shares at the earliest point possible. In addition to this once everything has successfully migrated we will be continuing this thread on the ciphertrade forum.

We are moving to ciphertrade primarily to observe a more formal legal standing as a crowd funded security.

premined in the sense that there is no mining mechanism as we will be the sole issuer. I suppose "premined" makes people uneasy

 

Although it is the first of April we are indeed serious about this.