Quote from: blurryeyed on April 12, 2019, 11:40:52 AM

Quote from: sidhujag on April 09, 2019, 04:17:36 PM

how can there possibly be 11.5m of debt we didn't borrow anything.

Good question - that's what I want to know too.

Quote from: sidhujag on April 09, 2019, 04:17:36 PM

"Its a combination of Tillers existing losses when we took over the shell, plus our actual cash outlays plus any non cash expenses like stock option grants etc"

Utter garbage. If Chris Marsh actually told you that then he's lying to you & everyone else & here's why. If that statement were true then those losses would show on their financial reports as well as on BCF reports. Tiller Resources Ltd. was acquired by Blockchain Foundry on May 3, 2018 & there is NOTHING about any supposed losses on any financial report either from Tiller or BCF. That means either Tiller & BCF hid those fairy tale losses from the auditor or they never existed in the first place - either way, he's lying.

Why are you even trying to explain BCF financial train wreck anyway? You're a dev, not the CFO - that's Chris Marsh's job. He's already lied to everyone here about his actions/lies regarding Peermountain & Syscoin censorship & now you want us to believe a quote you typed up yourself "from him" as some kind of factual proof? It means nothing.
Tell him to come here & post himself, then he can provide some actual, real & solid proof that this $12+ million deficit that has magically appeared out of thin air is real & can show us where it came from. But he won't, because he knows that he has been caught lying & has been hiding ever since he was found out.

Are you seriously trying to tell us that Syscoin acquired Tiller knowing that they were in debt by $12+ million? Really? That's some track record Chris Marsh has got then - first he instantly puts Syscoin in millions of $'s of debt, then he partners Syscoin with a proven scam company like Peermountain.

Wake up sidhujag. He's f*cking lying to you & everyone.

Syscoin didn't acquire anything or enter into any legal contracts because it physically cannot do so (thus saying Syscoin is instantly put in debt is disingenuous in an obvious manner), BCF is a public company and Syscoin is an open src protocol. I can't really explain it any better for you. There is no conspiracy happening here. All debts in BCF balance sheet are offset by assets if you cannot see that then you are deliberately trying to troll. This will be my last post on this thread to try to help you understand for the last time. There is no debt BCF has at all, it has assets and used assets to pay bills like funding dev, IR and marketing. We are trying to weather the storm like everyone else but are positioned to be one of the few the really benefit from this industry because of the knowledge myself and others on the team bring that are unique to this space, and the products we are working on as a result. In the end Syscoin has its own governance model and funding model and is outside of the scope of BCF because there are people working on Syscoin outside of BCF just like other open source protocols that are promising crypto currency projects. Thanks for reading.

sidhujag

Posts

Merits