So interesting story: My company is tracking the internet usage over their wi-fi and must be taking screenshots somehow because someone in compliance emailed me just now asking what the "JLTRADINGCOIN is exactly" and she forwarded me a recent story about Bitcoin ponzi schemes:
http://www.reuters.com/article/2014/09/19/us-sec-bitcoin-fraud-idUSKBN0HE1Z820140919Anyhow, I'm adequately freaked out now so I'm taking down the JLCOIN offers and sending out full distributions to those who were able to purchase.
I'm going to move this over to Twitter and only tweet my trades on a protected name: JLHuntsWhales (https://twitter.com/JLHuntsWhales)
And I'm going to charge whatever monthly subscription fee (in DRK) that you feel is adequate. So PM me an offer and your Twitter handle and click 'follow' on my Twitter page, and I'll accept the top 10 offers received by Tuesday, Sept. 23 at 8 a.m. EST. I'll do this same process each month so it's likely that the offers will increase if I Tweet really successful trades as time goes on.JL
the article was about running a ponzi scheme which i don't believe you have been. though i understand your concern as there maybe other sec regs out there u might being falling foul of but how does moving to twitter change things?
p.s
thanks for the distro!
True, on all accounts but it comes down to getting SEC and company interests unnecessarily...I know for a fact the SEC doesn't like 'distributions' and 'dividends' by unregistered securities, which is what this could almost be labeled as, as well as allowing non-accredited investors (millionaires) to purchase it.
The Twitter move is turning it into a simple trading newsletter, which there are many of in the stock world, and which the SEC really doesn't typically care about unless there is pump and dump involved as well as front-running, which I don't do. You will get trades Tweeted to you before I do them on my own account.
JL
okay, that makes sense. it's a shame though as i liked the whole clearwallet method myself.
some questions:
1. is the initial offer for the first month only or monthly basis?
2. if accepted, do you need to rebid each month assuming 1 relates to first month only?
3. assume tweets for entry and exit sent
4. you mentioned accepting DRK. what about VIA?
5. any consideration for discounts or lowest offered price for initial investors in jltradingcoin?
6. i've not subscribed to any monthly trading program before so would be difficult for me to determine what is a fair and reasonable price to offer. having a set price would in some ways be easier as i can attempt to apply my own valuation judgements to it. just a thought.