Its kind of like being a baker and selling a bunch of vouchers for bread and then closing a month later. What do the people holding the bread vouchers / fee shares do?
Don't know about this bread voucher thing, not sure. It would be on the terms and conditions.
Obviously with the mcxFEE shares you'll need to read the legally binding contract you agreed with Realsolid before buying the shares. Oh wait, you mean there isn't one....... Oh dear.
Its not a literal analogy, but there are alot of similarities.
The bread vouchers can be sold or traded but only redeemed in one location for bread. If the baker shuts down and disappears the vouchers are worthless.
If this did come to criminal proceedings the judge would see right through the "not owning shares of the actual site" bullshit, and Look right at what makes it all illegal and that is selling the rest of the shares a month before shutting down. All the prosecutor needs to prove is that RS intended to shut down mcxNow when he sold those shares.
Not only that but in hind site he clearly inflated the value of shares by trading with himself using multiple accounts to increase volume in October. One of the Accounts named Satoshi would show up randomly and ban people with pay bans. The pay bans also added to the fee revenue. So he inflated the perceived value of the shares. That is the pump part. Now he has moved on to the dump part.
If he doesn't disappear. He is going to repeat this scam. BY bringing the site back with gambling, he will likely inflate revenues again by using sock puppets to gamble with and lose. Then he can re-release the shares he has now bought back at less then half the value, and then even more now at less then 1/4 price he sold for.
When you look at trading volumes and accounts on MCXnow they were actually starting to go up on there own and there were tons of new users that weren't RS in the troll box so it wasn't him just creating accounts. The shares might actually have been worth 0.2 at the rate the site was growing. I purchased some shares at 0.4 as a gamble but more at 0.2 thinking that over the next few months They would actually go up in value. He also had promised adding gambling which would have added to share value. But he must realize there is more money to be made by intentionally decreasing the share value buying them back and then reselling them later after artificially inflating value.
So now he can either cut and run or re-run the same scam.
What is eating at me the most is all the people that are still supporting him over in the MCXnow troll box. They actually believe his story even though they were clearly played.