Topic: CoinTerra IPO [PicoStocks] *Scam* - page 2. (Read 6857 times)
There is no doubt its illegal in the US (and EU, china, japan,. well pretty much anywhere really) to sell unregistered securities and there is no doubt that is what picostocks is doing. There is a reason GLBSE closed, BTCT closed, Bitfunder recently blocked US investors for a start (no reason to assume EU investors wont be next) etc.
Heh..
https://picostocks.com/files/31/cointerra.pdf
Quote
Please be reminded that the shares may not be publicly resold. Any subsequent
transfer of the shares shall be governed by the Share Purchase Agreement, the
Company Bylaws, Company’s Amended Article of Incorporation and applicable
Securities laws. 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
LAW
transfer of the shares shall be governed by the Share Purchase Agreement, the
Company Bylaws, Company’s Amended Article of Incorporation and applicable
Securities laws. 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
LAW
https://picostocks.com/files/31/cointerra.pdf
How well do you know the law? Picostocks is not selling any shares, they are just a passthrough for dividend profits and they are not operating in the US. Do you think tytus has not taken any consideration on the legal aspect of this passthrough?
That "not operating in the US" argument has been debunked so often now... is picostocks available to US investors? If yes, then they are operating in the US.
And you are going to have a bloody hard time explaining this is not somehow pledging shares. Picostocks lists them as "cointerra" shares, not some unnamed passthrough for dividends only, which wouldnt be any more legal btw and begs the question what you are actually buying. Eg, what happens when someone buys cointerra? Do your picostocks "PT" become worthless? Or do they represent actual company shares?
Hope the issuer could clear this out. I don't really know about the legality of this. On their site they claim that they are operating legally in Marshall Islands.
Heh..
https://picostocks.com/files/31/cointerra.pdf
Quote
Please be reminded that the shares may not be publicly resold. Any subsequent
transfer of the shares shall be governed by the Share Purchase Agreement, the
Company Bylaws, Company’s Amended Article of Incorporation and applicable
Securities laws. 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
LAW
transfer of the shares shall be governed by the Share Purchase Agreement, the
Company Bylaws, Company’s Amended Article of Incorporation and applicable
Securities laws. 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
LAW
https://picostocks.com/files/31/cointerra.pdf
How well do you know the law? Picostocks is not selling any shares, they are just a passthrough for dividend profits and they are not operating in the US. Do you think tytus has not taken any consideration on the legal aspect of this passthrough?
That "not operating in the US" argument has been debunked so often now... is picostocks available to US investors? If yes, then they are operating in the US.
And you are going to have a bloody hard time explaining this is not somehow pledging shares. Picostocks lists them as "cointerra" shares, not some unnamed passthrough for dividends only, which wouldnt be any more legal btw and begs the question what you are actually buying. Eg, what happens when someone buys cointerra? Do your picostocks "PT" become worthless? Or do they represent actual company shares?
Heh..
https://picostocks.com/files/31/cointerra.pdf
Quote
Please be reminded that the shares may not be publicly resold. Any subsequent
transfer of the shares shall be governed by the Share Purchase Agreement, the
Company Bylaws, Company’s Amended Article of Incorporation and applicable
Securities laws. 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
LAW
transfer of the shares shall be governed by the Share Purchase Agreement, the
Company Bylaws, Company’s Amended Article of Incorporation and applicable
Securities laws. 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
LAW
https://picostocks.com/files/31/cointerra.pdf
How well do you know the law? Picostocks is not selling any shares, they are just a passthrough for dividend profits and they are not operating in the US. Do you think tytus has not considered the legal aspect of this passthrough?
lol.
Heh..
https://picostocks.com/files/31/cointerra.pdf
Quote
Please be reminded that the shares may not be publicly resold. Any subsequent
transfer of the shares shall be governed by the Share Purchase Agreement, the
Company Bylaws, Company’s Amended Article of Incorporation and applicable
Securities laws. 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
LAW
transfer of the shares shall be governed by the Share Purchase Agreement, the
Company Bylaws, Company’s Amended Article of Incorporation and applicable
Securities laws. 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
LAW
https://picostocks.com/files/31/cointerra.pdf
Did anyone capture the business plan? I would love to take a look. Please post.
After contacting CoinTerra directly they have responded that they aren't selling any public shares.
I think you misunderstood how PicoStocks works: it is a proxy/passthrough of sorts:
It it is a company which buys shares privately (so CoinTerra itself remains a privately owned company), and then sells virtual shares via its platform. They receive dividends as if they were real shares (well, minus fees), but they exist only within PicoStocks accounting system, and you don't become a shareholder if you own these virtual shares.
So you shouldn't be asking whether CoinTerra does an IPO, you should ask them whether they plan to sell shares to PicoStocks.
This construction is well established outside of Bitcoin world. For example, an investment bank (probably, Goldman Sachs) created a fund which allowed people "to buy Facebook shares" when Facebook was still private.
It might be a scam, but you're using wrong terminology.
I heh'd.
Are there any other sources besides this Sou that CoinTerra is not doing IPO on Picostocks? This claim doesn't sound too legit.
But that's not how it works.It's the issuer that has to prove it.
Why would you start to believe it if no one has actually confirmed it? Why would CoinTerra not announce it?
Also, this goes against what they said in http://www.anandtech.com/show/7246/the-rush-to-bitcoin-asics-ravi-iyengar-launches-cointerra
The IPO signed by Leszek, I would doubt he will be launching campaign that is that easy to uncover.
There is an infinite amount of options, and i encourage everyone to select the one the suits their own subjective reality the best. Now, if you could keep the personal attacks to a minimum, and stay on topic that would be great.
Where have you said any personal attacks? The only thing I attacked - is the lack of information. I've tried to contact Cointerra, but hadn't succeeded yet.
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.
Are there any other sources besides this Sou that CoinTerra is not doing IPO on Picostocks? This claim doesn't sound too legit.
You should definitely go buy some. Please, buy some.
You don't look very smart pretending there are only 2 options: to believe you or buy some shares.
There is an infinite amount of options, and i encourage everyone to select the one the suits their own subjective reality the best. Now, if you could keep the personal attacks to a minimum, and stay on topic that would be great.
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.
Are there any other sources besides this Sou that CoinTerra is not doing IPO on Picostocks? This claim doesn't sound too legit.
You should definitely go buy some. Please, buy some.
You don't look very smart pretending there are only 2 options: to believe you or buy some shares.
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.
Are there any other sources besides this Sou that CoinTerra is not doing IPO on Picostocks? This claim doesn't sound too legit.
You should definitely go buy some. Please, buy some.
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.
Are there any other sources besides this Sou that CoinTerra is not doing IPO on Picostocks? This claim doesn't sound too legit.
They are seriously overpriced with a market cap of 20m USD and their projected network share of 30% is doubtful.
Only on bitcointalk
https://picostocks.com/stocks/view/31
After contacting CoinTerra directly they have responded that they aren't selling any public shares.
I feel the same way. Perfect timing when radio silence is present...After contacting CoinTerra directly they have responded that they aren't selling any public shares.
https://picostocks.com/businessplan/31
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