Topic: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token - page 4. (Read 46474 times)

Binance Dex is looking very interesting. I wonder if security tokens will be allowed.

From the Goldma team... Happy Easter every everone 

I want to inform all Goldma Investors that we a group of 8 Investors are going to open a lawsuite against the CEO of goldma in the US since he is a US citizen.
We also decided to open lawsuite against other 3 team members since they own a non zimbabwe citizenship.

We are opening the lawsuite because we got misleaded intentionaly with false promise of a "Equivalent to 20% per annum profit sharing" paid 5% each quater.
Please proof it yourself on their ann thread or on their website.

When being asked in the past if 5% quaterly means 5% yearly profit the whole team and CEO Jenkins included always denied it being 5% yearly net profit saying its 20% per annum.
They clearly and intentionaly misleaded all investors in beliving that they will get a 20% net profit return per annum.
Even all ICO review websites understood it as 20% per annum profit sharing .

Mr Jenkins announced 2 weeks ago to create a video explaining the profit sharing concept since an investor couldn't understand how their plan of paying profit share which they explained him on the telegram group
is not just a miserable 5% yearly profit.
After 2 weeks Mr Jenkins got confronted with not publishing that video and he admitted that its just 5% yearly profit sharing with the reply
"the 20% aspect is based on the capitalization of 5% on four quarters...not compounded annually" .
This leaves the question why him and the whole team denied till today that the profit sharing is just 5% yearly profit sharing when being asked during fund raising.

Another big concern is the fact that they officaly said they don't care about the token Market price and that investors shouldn't be looking at market price too.
The profit will come ONLY from royalties.
Please be advised that goldma put in the last whitepaper a point claiming to be allowed to buy off all tokens from all holders within 8 years based on actual market price.
What that means is that goldma has the right to take back all tokens they issued (which is possible on waves generated tokens by a single click) and paying for these token the actual market price.
So even all plans work out they have and they will increase the gold production by 25 times you as investor will hardly get $0.005 profit share per year and token and risking to get your token bought back
for far less than you paid for it.


Since we only invested our money based on the promise of 20% profit share per annum we are going to file a lawsuite.
If you are an investor who also belives that he got intentionaly misleaded you are welcome to join our lawsuite.

Please send an email to [email protected] to join and be updated on the process.
For the next 2-3 weeks we are going to publish some articles about these facts and also to collect more investors who wants to join the lawsuite.

We already spoke with a high reputated lawyer who would represent us in the US and based on his short opinion the case is very clear based on all evidences we collected.

Will update the progress on this board too

Hello everynone ... Did you know that Goldma has an open door policy where you can actually come through and see our mining operations...

Oh yes I agree with you 100% one of the best way to show Transparency is through Videos where you see the actually people who are involved, enlightening project matter by word of mouth.

I think it's a good idea that they post a clarification on YouTube because then it will be more interesting and people will be curious so that people watch it and if we want to get the latest information, of course we have to join the telegram or youtube channel

Hello H1N1,

 We posted our 20% clarification here -> https://youtu.be/dkkYSg6p6lU
In addition, the report was completed and distributed to individuals who submitted their email address to me on our telegram channel.
Please feel free to subscribe to our youtube and telegram channel to stay up to date on our reports and videos. Thank you for your interest!

Hi, it has been more than 2 weeks since you posted this. How about it, any updates ?
Did you clarifying about buyback using 20% of gross revenue as well or only about royalty payment ?
I would like to know about point no.2, the weekly reports of GoldMa gold production, may i can see the reports?

As I just posted, we will honor all our promises as stated. Including 20% of annual net profits. I am bewildered at the notion that we intend to do anything other than honoring our promises. Stay tuned. Stay updated on our developments.

Coming soon:
1) Announcements clarifying our royalty payments
2) Weekly reports of our gold production
3) Much more!!

https://www.youtube.com/channel/UCNcGmhIBRmDUn2B4tn2-_ZA/videos

Oh, that doesn´t look cool. I thought that atleast this project will show the power. But after collecting few millions they have enough money and they do not need to do anything to satisfy investors, how sad.  

Hello BharatDEX,

 No worries sir, we will honor our promises. We will not scam anyone. We will clarify in a published statement on all our channels by end of week.
 Thank you for your continued interest in the GMA token.

Are you guys subscribed to the Goldma Youtube channel? Head over to the Goldma channel for all visual updates on the project.

I trust that this addresses the concern. We're trying to be transparent by communicating facts on different levels and tackling questions raised by the community.

Want to understand more about the Goldma community? Click the link below and watch

https://www.youtube.com/watch?v=NYZu4eOylmw

Some math for the goldma token holders.
Since there is no more buyback so the tokens value is now only based on 5% yearly royalty.


Let's assume that thanks to black magic this project gets a BIG success and is even able to gain $100.000.000 PROFIT per year.

What would be your share for making everything possible ?The company is making $100 million usd profit and the share per token would be


$100.000.000 /730.000.000 /20 (5%) =     0,0068 USD per token or 5 million usd for all token holders which gave majority of funding compared to $95.000.000 to the company owner.
I guess anybody knows what kind of gold companies do $100.000.000 profit per year ?Nearly none .But even if goldma would achieve $100 million profit your fucking share for that success would be a miserable
$0,0068 per token.

Would it be 20% yearly profit sharing as advertised on their website and on ICO review websites the share per token would be $0,0272 per token which would be more adeqet to the money invested but still nothing comparable with old investment methods.Here you got no company share and no voting rights.


Isn't it a great money grab where majority is being taken from the ico owner ?
I never saw a worse investment than that one if we talk about real numbers.

And the greed knows no limits which just proofed us the whitepaper v11

They basicly turned a 20% yearly profit royalty + 20% gross revenue buy back into a 5% yearly profit royalty just by changing after the ICO their whitepaper not even informing the community about it.



Another question is now why is The Advisory board on goldma website now empty.
Do they not agree on their actions and don't want to be assiociated with it ?

By the way guys, the whitepaper link on the website is now working. You can actually download the latest version of the whitepaper @ goldma.io. Also, there is a new page with all the information on the Waves platform for those that are interested in understanding how Waves Platform work.

I think Kurt gave some good insight there.

Now that we have established the progress and improvements that are going happening at the mine, I think we need to elaborate how important these developments are to the GMA token... I will open this question to all, why is it important to have a CIP plant installed at the mine?

That's really awesome!!!! The idea that my investment isn't a virtual something that I can only grasp in my mind but rather a real tangible ongoing/growing concern is a definite plus! Thrilled about this Goldma!