coin getting pushed back probably due to a very meager development budget. they want to spend as little as possible on actually coding something that they can sell.
No, as far as I know the release has always been the same, July to September.
BTW, you can always tell the fools, because they are always the most confident in their predictions and never bother looking at the other side of the fence. Although, I'd say Gekko's prediction smacks of paranoid delusion.
Well, I looked over the other side of the fence and I couldn't see anything.
There has been no standard investment disclosures. No financial statements on the past year of operations. No forward looking budgets. No breakdown of who, within their organization gets how much. No details on remuneration, costs, past or future.
All of these things are standard in an investment proposition.
We are told things like "there was $2.25 million of investment".
A). No there wasn't. A million of that is simply what they say they owe the workers. So reality is $1.75 million.
B). There is no breakdown of where that money came from or if THAT was even actually in cash or sweat equity. If there was any cash, where are the audited accounts showing how that money has been spent so far?
You say they have a "Business Plan". Those are precisely the things that are in any basic business plan. What you DO see is promises from someone with a shady background, no product, and endless beating of the drum about who "invested" in this: but you never hear how much, whether it was cash or services, or who invested how much.
How much of that Angel Investment was "give me $25,000 worth of your crapcoin at a discount, and I will get you a meeting with Zuckerburg at my house because we play tennis on Saturdays sometimes?"
We have not seen the slightest accounting. Nothing. Zip. Nada. There is nothing there.
I am paranoid for what? I don't own this crap. There was no Business Plan to evaluate. So no investment.
Then, once you get into the blatant illegality of raising investment funding across borders without the slightest effort to legally register or comply with Blue Sky laws--now you are talking about a criminal conspiracy. When asked, the answer was "oh, don't worry, it is all in an anonymously operated shell company in the Seychelle islands, so DanK won't go to jail."
They say things like "the Angels and Founders are restricted from selling xx%".
Restricted how? By what law? The whole thing doesn't exist in any legal sense. Have you seen any legally enforceable contracts signed in any juristiction saying this? Point is, the whole thing exists outside of the law, offshore, anonymously held, in a notorious tax haven. Nobody has to respect any gentleman's agreement about sales restrictions.
Contracts about sales restrictions would be available for inspection by any investor in any standard business plan.
What court are you going to bring them to? What are you going to show as evidence that a "contract" was breached if there is no contract, and the money was raised illegally, outside of the bounds of any country's securities and exchange laws?
LOrrav, call me all the names you want. I won't be bothered in the least because my money is still in my pocket, not the Seychelles.
So I have nothing to lose. You have already lost. Your money is gone.
Delusions? Neucoin does not exist in a plane where investors have any legal protection. That is a fact. There is nothing imagined about the FACT that the whole structure has been set up so people like you could be robbed, the money you provided leveraged for a pump and dump (which ALWAYS happens--nothing to imagine here) and the principles can walk away penalty free. They took no risks: they are using your money and hired shady lawyers to shelter themselves from any possible repercussions (remember why the pre-sale was delayed).
Call me delusional and paranoid. I didn't bet on this dead horse.
I looked over the fence and saw nothing I could take to a bank.