As stated, I been a long timer customer (since 2000) of the owners other gaming site.
Since my investment, I am in contact a lot more, and have become friends, but this does not make me a shill. I did ask many questions about this investment, and after about 30 days is when I wanted to know more about Bitcoin.
I am not a large investor by any means, and not concern about losing my investment.
I did not write a review on QUINTO, because that was my first investment on Cryptostocks and because many already knew about my support. But after speaking with the owner today, I am ready to address RiverBoatBTC comments.
Ran a not profitable poker business or would not need the funds to open lottery. Well the poker site you are talking about is still in BETA with limited customers for testing. They are still working out a few bugs before a major launch, and have not generated income from their poker site.
Not even sure what they need that much Capital for to run a lottery site. Well if you looked into being an legally established gaming site, with all the fees and governmental issues, maybe you could see that what they are raising is a small amount.
Crazy return projections "With these numbers in mind, about 90% of IPO would be paid back in the first year, and is projected to achieve 200% within 18 months." Have you looked at the other projects and their ROI projections, most are telling you 100%+ to 200% within months. As it was explained to me today, it is all projections but based on their past history in growth, they felt reasonably comfortable with what they put out.
Giving away free shares of company. Yes they have been doing promotions, but as he stated, it was just to get to the IPO goal faster, and reward larger investors. He also stated that many has copied his idea too.
As far as the 10 daily news updates, he stated it wasn't that many, and he felt people should be informed of scams vs legitimate investments.
There was another investor on the other thread that stated:
**Had the opportunity to actually speak with the owner of QuintoBTC and got a little bit of history regarding the company as well as figured out that my earlier assumption that I've lost .24 btc is in fact wrong. I was simply misinterpreting my project summary page results it turns out as a result of the stock-split and subsequent lowering of prices.
**Re-vamped Conclusion: No longer suspect. If anything the owner of this asset appears to be trying to actually run a legitimate business and seems to take great care in addressing the concerns of existing shareholders. The fact that he's trying to do so on an exchange that is increasingly losing the confidence of potential BTC investors may still ultimately hurt this asset long-term but I have personally decided to hold onto my shares and possibly pick up a few more in the coming days.
Maybe they are a shill too.
So in general RivierBoatBTC you are talking out of your ass, and I do not understand why you are critical of a project on Cryptostocks that actually has a businessman at the helm.
