What you talking about? They cant scam investors. They have legal company. In USA very severe punishment for fraud.
yes ,dont trust FUD ,they only want to buy some cheap tokens look like steal your money
Hi Kennedy. I was one of Patientory's biggest advocates. I know there has been FUD for months because I was trying my best to answer questions on behalf of the company since I believe there are growing pains with many start-ups. In fact last month I posted here about how great the company's future appeared based on the information I had at that time. Recently I found myself debating with the FUDsters over questions which I really had no factual answers to due to the lack of company provided information.
I have traded stocks for years and know all about the FDA application submission process. I also know after 2 weeks there is a 99% chance the listing of the application submission will be seen on the FDA website. You can even find Apple's application submission information there. When I could not find anything about Patientory I started begging the Telegram mods for answers as to why or what name they may have applied under. Nothing was granted to me (I know, I am just a contributor so why should they answer to me
A few weeks ago there was some posted hearsay about an error in the application submission. I needed to know what was going on as I am a very large pre-sale contributor. The mods were not answering so I went off on a tangent about the need for a good marketing team and transparency. The company replied a few days later with mock-ups of the application they submitted to the FDA. The application looked pretty bad but at least it was something. That kept me satisfied for another couple of weeks since they even updated the roadmap to show the application was submitted to the FDA.
The FDA application submission for software is a new process for the US govt. It is not required until late 2018 but for now it helps companies get ahead of the game. I could not understand why Patientory would not at least show us what we were investing in first before submitting to the FDA. The general answer seemed to be because they were not open-source. After thinking back on that it truly does not make any sense not to be open-source in a decentralized system like Crypto. They should have gone the regular route but I later found they previously did and found no success. They had an app created back in 2015 - I finally got smart and used Google to research them.
The first thing people say is "HIPAA". OK well then that makes it limited to the US standards only which could limit interest from other countries. I say design a system that is open source (decentralized) but still protects medical information. I even provided several possibilities on the Telegram chat how to make it work and still be within the bounds of HIPAA protocol. No response from Patientory.
Now to the present - unfortunately the information we received is what I suspected at the beginning, no application was submitted to the FDA. They could have easily been spun the situation to blame a past employee or a simple error but there was no effort on the company's part as they watched the token price plummet. I can count on NO fingers how many times a company stayed in business after a fiasco like this without any news to investors. It appears there were attempts at covering up mistakes [lies] by putting out 'feelers' in the community - what I mean, is they give some unofficial 3rd party provided information first to see how the news is taken. If bad then they came up with something else.
Patientory should have immediately canceled any conferences until they got the Developers straight. It is my fault alone for contributing, I should have paid more respect to the response made to the negative Reddit poster during the ICO - No facts were responded just a rebuttal similar to what you would hear in a middle school argument. Patientory fails to see that the criticism is constructive. If the community did not care then we would not respond - Think about it this way, We invest in Bitcoin but I assume the majority aren't posting to the BTC community about questions they want answered or suggestions. We cared enough to offer our time to Patientory but they apparently were uninterested. This is not an established company in its current form so it is vital to respect the VCs (contributors - all of them).
I do not see this token above a few hundred sats in 6 months. Competitors will be all over this model and soon flood the market as they learn what not to do from Patientory. A successful competitor will be a good steward of the contributors' funding. I think it was a total embarrassment when they continued spending money for the last conference knowing they had no application and the road map was cloudy. What would they have done if Mark Cuban happened to approach and show interest? Would he say the idea is fine or would he want to see something tangible?!? They could not offer him anything so why risk looking foolish to others unless there was no intention of picking up anything but an all-expenses paid trip? Of course, that is a light embarrassment compared to the pictures they posted of the slides dated September 2017 during an October 2017 event. They even still have the photo posted to their Twitter page!
I do not wish anyone to lose here. When I completely sell out I am done with Patientory for good. My ultimate goal here is to do my part to tell everyone how important it is for us to level the playing field for every person around the world and keep our wealth. In the current world economic system, we lose wealth every second with the devaluation of our fiat and the inflation that 'does not exist'. We need crypto to work! There are plenty of places for unscrupulous people to go to steal wealth but in crypto they are only stealing from their own near future. Once North Korea is taken care of there will be a central bank in every single major country in the world. This provides the means for one world-wide currency for all but will still be based on fiat so we can all be affected together at once. Yes, there will be promises of blockchain use once the new system gets organized but it will never materialize because it would only serve those outside of today's banking system.
There are plenty of good companies out there but many depend on the current philosophy of the team regarding crypto. I hope everyone is successful in their investing and I will do my best not to be a jerk when I slowly sell of the rest of my tokens over the next month.
