Topic: [AUTOTRADE]BTC hedge fund by BtcAutoTrader(The first automated BTC hedge fund) - page 5. (Read 37122 times)

Just to summarize what you are saying;

1.   With regards to when you will resume arbitrage operation-
            -   You will restart 3 to 5months after May 5th 2014.
                (i.e sometime between August 4th and October 5.

2.    With regards to request for accounts of the about 750BTC raised in the first
         IPO for arbitrage trading-

              -   The work involved was more than you expected and you are now expecting it to be available by the end  
                 of this week June 7, 2014 (2.5 weeks after the vote by investors requesting the info).


I think it may suffice to just give a cold wallet address for where the BTC is parked , so investors are assured.

Also don’t you think it absurd to raise about 750BTC for arbitrage trading and on completion of raising such funds to now park it for 3 to 5 months of inactivity. Essentially doing nothing according to you. Would it not be better to have the arbitrage operation going on simultaneously with your software development.

 Right now your current IPO  shares  sales is going very slow and would probably remain slow , because there is no incentive for the informed new investor. A new investor coming in will see a company  that is supposed to have 750BTC parked idle somewhere doing nothing , trying to raise another 1000BTC for software development.

Something does not add up.

Your initial unique value was your arbitrage application, which you used to raise 750BTC. This has now been effectively parked for 3 to 5 months, as per your plans. I wonder, if you are able to raise BTC in this current IPO, by the time you want to start the coffee shops, will you be parking both the arbitrage operation and software sales so you can raise money for the coffee shops?.

Things are not adding up quite well.

Dear nwfella,

That is a good question, yes, we have the obligation to release the information to investors.
So we have considered that the questions from you and other investors, and public announcement.
And when the software released, you can get the dividend.




And for this question you mentioned,

About the software development process, because usually need to add or delete some functions,
there are a lot of changes in the GUI, we have to put the art design work in the final phase.

In the meanwhile, in order to prevent competitors copying,
we need to secrecy on the main function of the software, hence we have not been share the screenshot.

If you think that we release the screenshot can improve investor confidence,
We will consider to announce the screenshot (not the main function), but not regularly and will do some art design work.
Although this will increase our workload, we also like to see that the investors trust us in this way.

If you have additional questions, please contact us any time.

Best regards.

Until this question is answered I'm still inclined to think this is starting to smell scammish.  Benleysui, please respond to this gentleman's question.  Any degree of transparency couldn't hurt your cause at this point.

Screenshot's of "upcoming product"?

Something

Have to say, the statistical work is more complex than we expected, but this week should be completed.

Oh, new promises. Please remind me, have you ever kept a single promise before?

Let's get back to IPO BTC discussion. As we already know, the IPO BTC is gone.
However, you have launched that strange voting for "publicly disclosed the latest trends of IPO'BTC".
So, where are they? According to the voting everyone wants to see them!

I think this is more like a good karma route. Good for him, of course. We, the people, have granted him a good house, a good car, and several years of carefree living.

I wonder why cryptostocks still labels them as "white". I've contacted them several times, still no reply.

Dear investors,

Yesterday is China's legal holiday Dragon Boat Festival, We are sorry we can't timely reply to your questions.

The latest announcement is as follows:
1. We have a good development progress, there is no new problems.
2. we're adding some very useful function, this will not affect our progress.
3. Because we still discuss software pricing plan, so we haven't officially launched the sales plan.
4. We will abide by our promise: The software will be released in the future 3 to 5 months (from May 5th, 2014).

If you have any question you can send email to [email protected].

Best regards.

Guess ole bentleysui decided to go the bad karma route eh?  Truly disappointed!  Chalk up yet another loser for CS.  Not that it really matters since we can't even withdraw our own bitcoin atm

Where you at bentley? Time to report back or kindly give us our money back and dissolve your hedging service. Good karma or bad, your choice.

So it is a scam already?
Do we still have any chance to get our money back?

no time schedule at all? we should know how much time it will take to get our investment back. 

Sorry, I read a lot (even if not everything). Is there currently any option to sell these shares? If yes, does anyone can kindly point me how to to do it?
Thanks.

I refer to your announcement of 4-May-2014 on Cryptostocks;

"2.The arbitrage trading will be suspended from 2014/05/02 0:00 (GMT+8), the entire team will be adjusted into BtchAutoTrader development work in the daytime."

Now that it is clear that you are following this path, can you give a timeline  that you expect to finish the development
of the BtchAutoTrader development work, and when you will go back to Arbitrage operation. Right now , we have no info as to when you will resume arbitrage operations and start paying divs.

Also , when are you publishing the BTC account details?

Yeah, guys are packing their bags and moving. To a silent and peaceful place.
Why would you operate anything if you have $500k in the pocket?

Can't you guys just pack up and move to Hong Kong and resume your biz if you can't operate like promised out of the mainland? Also, the uptick in BTC price should make yall more profitable in your business acumen and allow more normal payments. Are you guys doing any trading/hedging whatsoever or just on ice?

Thank you for your feedback.
We hope that banned event only in China, so we have a solution.
Give us a little more time.Now we are all progress in the plan.
Please feel assured that we will abide by our promise.

This should be of no consequence. You should be up on a VPN service when you're operating in a country that's very similar to DPRK in terms of web issues. I really hope your team gets their ducks in a row and gets back to the stated contract terms so dividends can be back to normal.

Dear investors,

Your feedback is very important to us, thank you.

Best regards.

You should have raised 800 btc from the first 1 000 000 shares you sold minus the 0.15% fee(1.2 btc) cryptostocks charged, but you also rebought some shares at 0.0006 and resold them at 0.0009 when the 4th batch of 200 000 shares was sold so in reallity you should have raised more than 800 btc. Put all AUTOTRADES coins in a single BTC address or a set of btcadresses and sign messages from the adresses in question to prove you have the coins as you claim to not use the investors money with the autobot or your 4 traders to trade with the coins there should be no problem whatsoever for you to prove that part of things if your not a fraud.

By the way you still have not bought back my shares in autotrade for the price i bought them and you refuse to tell people what the buyback price you claim to have offered was and you broke the contract again this monday with no dividend payed then either. Kumala/Cryptostocks start the process of delisting these scammers and send all info you have of them to the chineese police for procecution for fraud/theft or whatever it falls under in China unless they go back to following there contract immediately.