Topic: [BitFunder] btcQuick - Bitcoin Sales Service - page 10. (Read 94180 times)

Maybe what you said is true, but I will never trust you for ever and suggest all the shareholders not invest you.The bitcoin world respects honest and you are in the blacklist.

I want to get what BTCQuick has left now right away. Ascension must pay investors money as soon as possible. Remaining bitcoins is easy to pay back through dividends right now.

Remaining FIAT reserves must be converted to BTC right away and returned to investors. If Ascension doesn't do that we must assume that he tries to scam us. He buys bitcoins now, but in the future will say that he buys them at much higher exhange rate, for example 2,000 dollars in 6 month. That way he scams most of funds from the investors.

Making us wait for so long is also a way to scam us more. Investors will start to accept that we won't get anything and will stop to demand our money back.

We must demand financial report from Ascension to tell us about all remaining funds right away. If he doesn't give as financial report really soon and return those funds that are available right now, then it means he wants to scam us. Pay what you have now right away. When more funds become available in 6-12 month, you will pay them then!

Don't let this become another scam like so many that happened lately!

Ascension, you must act quickly and tell about the remaining funds right away. You don't have your company any more, there is no more business, if you fail to give us report, we will start to give you negative trust and will sue your company.

Your scamming strategy to pay in 6-12 month is bullshit and we know it!

+1

Hopefully not all the remaining funds are affected by the chargeback windows  ...

I agree with this. I think after 12 moths those money would only worth a tiny amount of bitcoins.

Sad to hear....

But how will the process of returning funds work??
Probably most of Btcquicks' assets are in USD; returning funds would be in BTC but expect BTC/USD to rise in the next 6-12(?) months.

Why not exclude funds that are affected by possible CC and ACH chargebacks and payout the non affected funds to investors in the next few weeks? When the chargeback windows have closed the remaining funds could be paid out?
Likely a much better solution than waiting up to 12 months to pay out everybody

I really thought there were chances of competing against meetpays, which is making a killing in Europe and South America.
Ascension, wth you had first mover advantage

Sad news, sorry to hear that the regulatory climate has ultimately suffocated the business.
Don't hesitate to ask here if you need any assistance with any aspect of winding down the business - Speaking for myself, but hopefully other investors, we have it in our best interests that all loose ends are tied up with little complication as possible.
 

FYI the last dividend was issued in December (after Bitfunder closing) and was 8 satoshis per share (0.00000008 BTC)

If any other investors are interested in these numbers, here's a quick 'n dirty breakdown of dividends and share price.

What about selling your company to meetpays?

This still has to be determined as we have to wait out the chargeback period and settle any remaining bills for servers ect.

We will use the bitcoin address that was linked to bitfunder.

Well, how much would we get?
How much per share? Can we at least recover our initial investments?

Sorry about that - can't imagine what a PITA this must all be for you.

A real shame to see the fiat world strangle a Bitcoin business.

Oh sorry to hear that. I haven't seen any figure on what the dividend that was payed out after the closure of Bitfunder was per share, has it been announced anywhere ?
I haven't registered on the portal yet, do i need to do that or will i automatically get the dividend send to my Public Bitfunder adress now then, the dividend that people that register already got after the closure of bitfunder.
And the same question about the final distribution of funds in 6-12 months time, will they work automatically to peoples public Bitfunder adresses or is there a need to register the shares at the portal ?

btcQuick is not operating and it has been decided that the company will be dissolved and the remaining funds will be returned to the investors.

We decided that this would be the best option in light of our new merchant account being a complete joke, ACH payments are extremely fraud prone, U.S. regulation ,and our bank account has been put on hold. Due to the Credit card and ACH chargeback windows we will have to wait 6-12 months before we can return the funds back to the investors.

I will issue an official memo in the coming week along with a current assets report/listing.

Thank you for your support,

Ascension

Ascension here on bitcointalk goes by the name Ascension on Btcjam to https://btcjam.com/users/419 and he has a flawless record at BTCjam, he has loaned 589.88 BTC and paid back all loans on time for a total of 630.63 BTC.
Ascension and MAC is two different persons, Ascension is running BTCquick, MAC is having lots of different project he's doing, he have loaned Ascension/BTCquick money way back in the past and i think he have shares in BTCquick since long ago to.

I think most people on btcjam would agree that MAC is the most trusted borrower on btcjam. He also have a flawless record, he has paid all loans on time, 1761.16 btc loaned and 2043.09 paid back.

NO news NO operations NO investor report
BTCQUICK look like BTCdead!!

It seems BTCquick is cooperating with debitway.ca for processing wire transfers. It's OK if they can do this well, but I think we need more info from the CEO.

If I recall seeing how this guy who owned BTCquick copied my business model. I think he goes by the name of MAC on btcjam but I could be wrong it was so a year or so ago. If its not the same person they are very closly tied, and he can help you get a hold of this guy.

My guess is the same thing that happened to me happened to him... CHARGEBACK CHARGEBACK CHARGEBACK Credit cards and bitcoin do no play well

all of lack of communicating with his investors makes me feel , he just do not want to continue working as hard as usual , because he already had a good buy out for him self. may be the BTC get from us is really enough for him get a world travel with his beautiful girl friend , may be he already does...

It won't spend too much time for him come to the forum to let us know what happen there. I can't believe that at all, either totally not accept this misleading behavior.