This thread (with pictures) maybe of interest for coint shareholders: https://bitcointalk.org/index.php?topic=359084.0;all
(I'm not and never been a shareholder of coint. I just watch it.)
Topic: CoinTerra IPO [PicoStocks] *Scam* (Read 6857 times)
Why would they have been "SOLD, TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED"??
Picostocks keeps them as their rightful owner and when it gets the dividends, it will pay them out to its own "coint" shareholders.
Picostocks keeps them as their rightful owner and when it gets the dividends, it will pay them out to its own "coint" shareholders.
https://picostocks.com/stocks/view/31
After contacting CoinTerra directly they have responded that they aren't selling any public shares.
After contacting CoinTerra directly they have responded that they aren't selling any public shares.
I don't know why "scam" was put into the title of the thread. No one made a research?
Look here: https://picostocks.com/files/31/cointerra.pdf
The shares are not public, they were bought by Picostcks privately and the stock here is a passthrough to them.
(Yet I agree with what Vexual wrote.)
You can't have a passthrough of a share that you are not allowed to onsell, by doing this they may lose their entitlement to any shares.
Please note that THE SHARES REPRESENTED HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT
BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED UNLESS AND
UNTIL REGISTERED UNDER SUCH ACT AND/OR APPLICABLE STATE SECURITIES
LAWS.
https://picostocks.com/stocks/view/31
After contacting CoinTerra directly they have responded that they aren't selling any public shares.
After contacting CoinTerra directly they have responded that they aren't selling any public shares.
I don't know why "scam" was put into the title of the thread. No one made a research?
Look here: https://picostocks.com/files/31/cointerra.pdf
The shares are not public, they were bought by Picostcks privately and the stock here is a passthrough to them.
(Yet I agree with what Vexual wrote.)
A downside of the picostocks coint stock is that the underlying shares are in dollars.
There are people interested in buying Cointerra Terraminer December/January pre-orders from customers: https://bitcointalksearch.org/topic/wtb-terraminer-pre-orders-334606
They apparently believe Cointerra will deliver.
They apparently believe Cointerra will deliver.
No one have written it here yet, so: http://cointerra.com/cointerra-open-silicon-announce-tape-goldstrike1-asic/
MASSIVE sell off just now. People learning the truth.
0.5BTC has been sold in the last 24hr, that is MASSIVE sell off to you? Also are you the same kleeck who was the first to scream scam on reddit because of some random Cointerra support message saying they are not selling stock?
What is your agenda here? Anything to do with your investments in Activemining (and Labcoin)? 
MASSIVE sell off just now. People learning the truth.
I'm not interested in going though you comment history, can you just answer one simple question:
If it is illegal in United States, what can United States do about it?
This answer can be just one sentence.
If it is illegal in United States, what can United States do about it?
This answer can be just one sentence.
Let me answer that by another question: if you get a cease and desist letter from the SEC, will you just ignore it? Also if you live in close ally Poland like the exchange operator? If so, you must be braver than most. Besides, its just as illegal in Poland.
BTW, I guess this really answers your question:
http://www.sec.gov/about/offices/oia/oia_crossborder.shtml#secintlcases
I'm not interested in going though you comment history, can you just answer one simple question:
If it is illegal in United States, what can United States do about it?
This answer can be just one sentence.
If it is illegal in United States, what can United States do about it?
This answer can be just one sentence.
Sorry Ive discussed this too often. Feel free to search my post history if you want to know why it is beyond a shadow of a doubt illegal.
BTW, you shouldnt worry, buying of unregistered securities isnt illegal anywhere afaik. Its selling and soliciting IPO funds and offering broker/dealer services.
BTW, you shouldnt worry, buying of unregistered securities isnt illegal anywhere afaik. Its selling and soliciting IPO funds and offering broker/dealer services.
Company is registered on Marshall Islands.
Not this again. Puhleeeze.
Guess what: I can buy on pico stocks, and I dont live on the Marshall Islands. And my guess is neither do you nor more than 0.1% of all investors. So whats legal there is irrelevant, since picostocks through the internet is operating in and targeting US markets, EU markets, Japanese markets and everywhere where running an unlicensed exchange or selling unregistered securities to unsophisticated investors is illegal.
Suppose I live in a country where marijuana is illegal. Suppose I travel to a country where it is legal and consume some there.
Now do you think that authorities of the country I am in can jail a guy who sold me marijuana?
I can give you an example from fintech industry: companies like OKPAY and Payoneer offer offshore bank debit cards to residents of foreign countries, to make withdrawals easier. (You know, withdrawing funds via ATM is easier than bank wire.)
I know that it is 100% illegal in some countries, and Payoneer definitely knows about that, but still offers this service. Can you guess why? They simply do not give a fuck about laws in foreign countries.
Things like that might not work with United States as it has a lot of influence all around the world. But exerting that influence is neither easy nor automatic, so they won't do that to fry small fish.
I know what happened to Megaupload, but it managed to piss off RIAA/MPAA/etc, so there was a big profit motive. (Which doesn't exist in case with unregistered securities.) And also Megaupload was sort of violating NZ law as all countries protect copyright.
Of course, I cannot guarantee that nothing bad will happen with Picostocks, but I'm just no too worried.
Company is registered on Marshall Islands.
Not this again. Puhleeeze.
Guess what: I can buy on pico stocks, and I dont live on the Marshall Islands. And my guess is neither do you nor more than 0.1% of all investors. So whats legal there is irrelevant, since picostocks through the internet is operating in and targeting US markets, EU markets, Japanese markets and everywhere where running an unlicensed exchange or selling unregistered securities to unsophisticated investors is illegal.
Supposedly its a passthrough by the operator who seems to be a cointerra investor,
This is how picostocks works in general.
although Im not sure the latter has been confirmed by CT
It is confirmed by Cointerra bitcointalk account: https://bitcointalksearch.org/topic/m.3388757
ignoring the fact the exchange itself is a violation of security laws pretty much everywhere,
Company is registered on Marshall Islands.
all the assets on his exchange seem at least dubious.
Are you familiar with a concept of exchange-traded funds, hedge funds and so on? It isn't very different from what Picostocks is offering:
Fund owns shares, and people buy units of fund itself. Then there are CFDs...
All in all, passthroughs are a very common construct in financial industry.
so are cointerra listed at picostock real?
Supposedly its a passthrough by the operator who seems to be a cointerra investor, although Im not sure the latter has been confirmed by CT; all you have to back that claim is the scan of that lawyer's letter.
My guess is that its legit in that sense, but I dont have much faith in Leszek; ignoring the fact the exchange itself is a violation of security laws pretty much everywhere, ignoring that the very proof of ownership of the shares state that those shares can not be resold or pledged, all the assets on his exchange seem at least dubious.
so are cointerra listed at picostock real?
They are seriously overpriced with a market cap of 20m USD and their projected network share of 30% is doubtful.
Only on bitcointalk
https://i.imgur.com/uy6icfj.png
haha, priceless.
Today this document contains a Cointerra picture and a message: "This document is outdated and has been removed".
There is a reason GLBSE closed, BTCT closed, Bitfunder recently blocked US investors for a start
Yes, yes there is. The reason is that unqualified people who (mostly) mean well imagine they're going to "help" by doing what they're incapable of doing, and then when it inevitably falls through people act as though it's The Evil Mysterious Third Party that's responsible.
Want to know where it'll happen next? Look to those "exchanges" operated by the poorly qualified, with poor security and poor planning.
Want to know where it won't? Look to the exchange that's actually competent, and which has long had answers to these issues.
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