Quote from: sideliner on October 22, 2017, 09:18:30 PM

I just had to make an account for this.

@BlueChipper Why are you trying to come up with reasons so hard that this ICO is a scam? If you were objective, then you would at least mention that the said GmbH was only founded on 24.11.2016 according to https://www.firmenabc.at/cointed-gmbh_Nqyy#crefo this source. I guess this means the company was active for only one month by the time they had to do their balance.

I am really starting to wonder what your motivation is. At first I thought, great a guy that warned of a scam ICO, but then I did my research, those guys have achieved much more than many of other ICOs already, something seems strange here. I guess they inflated their numbers, but I will be watching what the statement from Deloitte will say. Until then there is not much to do I guess.

Thanks to all of you to participate in this quite good discussion and thanks to Cointed to be so patient to answer all our questions as I am really eager to participate in this ICO:

I have a few more questions for you: According to the Article shown on NewsBTC http://www.newsbtc.com/2017/10/19/cointed-token-ico-starts-24-hours/ CoinTed already showed impressive sales for 2015 (!) amounting to 7 Mio USD and a profit of 170.000k. I did a quick search on this: On Bitcointalk as of 16th February 2016 you talked about having sold 60 BTC so far (via LocalBitcoins).https://bitcointalk.org/index.php?topic=1351953.0. As the average price for a BTC end of 2015 and beginning 2016 was quite low (300 500 USD) compared to nowadays figure, pls explain how you came finally up with sales of 7 Mio USD. !!In addition you only set up CoinTed OG as of 10.12. 2015 (what is in line with your statement in the Bitcointalk Forum back then). So again how does this fit with 7 MIo USD sales?

For 2016 you claim impressive sales of 30 Million USD and a profit of 600k. Again I tried to do a quick check but eventually CoinTed OG was deleted (!) as of 15.12. 2016 from the official books: the new Company CoinTed GmbH which is in existence since 24. 11 2016 does not show any sales between end of November 2016 and 31/12/2016 at all. So as of 16th February you just spoke about sales of 60 BTC and in December you made 0 sales: how did you make 30 Mio USD sales

Regarding my question about your physical presence in Hongkong: For Austrian legal and tax purposes only the economic substance of a legal structure is valid. So if you people being the board of management of the Cointed Limited are sitting in Vienna or Kufstein, Cointed Limited will be regarded as Austrian place of economic activity and you will be treated as an Austrian entity (but I am sure Deloitte will tell you all these things).

I am sure that Deloitte´s statement on your figures for 2015 and 2016 will bring assurance about your press releases. I can not imagine that you lied about your financial results in luring people to participate in your ICO. By the way you also could publish the financial statements of CoinTed OG for 2016 as well as your tax filings for 2016.

taxi

Posts

Merits