Topic: Diamond Circle - Information memorandum - Ticker 'XDC' - Cryptostocks.com - page 3. (Read 8221 times)

right?! i keep checking back for info, and i have to read about "Trent Churchill".

who doesn't even have shit to do with this. 

(brief aside.. i think ppl truly forget marijuana is legal many places now, esp for medical conditions. even if the man did smoke pot, what in the flying blue fuck does that have to do with his expertise/professionalism?  our goddamn president smoked pot!    grow up ppl.  )

which begs the question..
does anyone feel like the trolls here (globally on forum, securities and speculation subforums esp) might get paid for their services? either by competitor businesses, a government/agency, or banks?

because i work at a comp 10+ hours a day and fail to see how anyone can create seemingly well researched, well articulated and HYPER trollish posts 14+ hours a day and still provide income for their home situation.

meh. paranoid i guess.

anyway, let get back to the topic of the merging of btc and nfc

~Green

I wonder if we can get an update without waking the trolls...

I can personally assure everyone, Trent Churchill has no involvement with Diamond Circle.

It says on your website that he is. Also why is Trent talking to about himself in Third person. I smell alot of bullshit to be honest.

Trent Churchill is not a Director of Diamond Circle.

No this is not true... The contact you speak of is jaded and slandering Trent on purpose. Yes Trent once upon a time smoked a little green... the mentioned contact would badger Trent relentlessly to give him smoke and travel with his 2 autistic children at all hours of the evening to Trent waiting for hours every time in the car even if no-one was home until Trent gave in.

Trent stopped smoking pot for chronic back pain and completely changed his life when he started to receive recognition for his work in BTC/LTC circles and treatment for a liver condition started. Trent was not happy with this persons behavior of dragging his children around to do these things and vocalized this to the person... This brought on a trolling war from hell on Twitter, localbitcoins and both forums. Trent has never sold substances and nor has he been on silk road ever.

With only $6000 AUD funded from the mining BOND initially and 95% of investors buying in at $7AUD per BOND the operation paid all original IPO investors back in monetary terms via the price corrections and force buy back. Anyone who bought Triple B Mining Bonds at above $20 each didn't give due diligence and really had no idea of the Bonds history, the market or a clue in investing smartly and had no right but stupidity to be investing there or claiming Trent owes them anything as they were shares bought from the order book from other share holders after the IPO was funded and had closed not from the IPO. Trent filled his contract eloquently and with care and enthusisam. One or 2 silly investors or idiots who just bought in after the IPO and all funding was spent deserve all the loss they will get... The bond paid the highest dividends per capita on the exchange ever in dollar value and frequency was near immaculate. Trent ripped no one off... fools who lost on bad choices may blame him for the exchange closing (beyond his control) though. The only threats ever made was to call the police and family services after the trolling and conditions the 2 young children of the contact mentioned were being subject too.

Q. Is DC an unmanaged and unregulated financial institution?

A. Diamond Circle is enrolled with Austrac as a money services business. 

http://austrac.gov.au/

...but now the august financiers decided to raise some beer money in an unmanaged and unregulated financial institution.

We appreciate the critical analysis of our business, offer and recommendations.

>>"The DC management and advisory team have extensive experience in the design, delivery and management of regulated financial institutions." - Refers to my background and my Chairman's with respect to our experience in the financial services sector.

>>Dividend Policy
The statement is from our constitution.  If we hit our numbers for the quarter, it would make sense to declare a dividend.  Our major focus is on ATM's and Merchant POS.  This requires considerable R&D as compared with mining equipment which typically earns dividends once the power is applied.

>>Recent Changes to Director Positions
See updated information:
https://cryptostocks.com/securities/71

This sounds good.
please proceed.

Trent Churchill – Director

Trent has been mining crypto currency solidly for the last 2 years and has been operating Triple B Group full time since October 2012 and he joined Diamond Circle in Oct 2013. Trent has a long history in sales and promotional marketing in industries ranging from IT to automotive transport to entertainment. Trent brings a wealth of BTC mining, EMA trading and Securities exchange Asset design and operational knowledge.

I was talking to someone in Brisbane who has dealt with Trent before is it true he was a meth head and was selling meth on SR and was previously running a Mining OP where he ripped alot of people off and also threaten my contacts family and his kids? I just want to confirm its the right Trent Churchill.

Hi Stephen.


This sort of statement is out of place. See here.

From OP's Linkedin:

Advanced - Certificate of Graduation
Professional Selling InstituteLicense The Professional Art of Selling - by Graham Foster

The company may pay dividends according to the resolution of the directors. Payments of dividends are subject to share class rights and restrictions and must always be paid in accordance with the Corporations Act. Where share classes exist, the directors have the discretion to distribute dividends in different proportions according to class, or to exclude one class from distribution. The directors of the company may determine that a dividend is payable and fix the amount, time and method of payment.

No interest will be payable to members, if dividend is paid later then the time stipulated in the directors declaration. The directors are permitted to use any part of a dividend to satisfy the debt of that member to the company on account of the relevant shares.

The company must not pay a dividend unless it is paid under circumstances described in section 254T of the Corporations Act 2001. These circumstances are:

 the company’s assets exceed its liabilities (calculated in accordance with the accounting standards in force at the relevant time) immediately before the dividend is declared and the excess is sufficient for the payment of the dividend; and
 the payment of the dividend is fair and reasonable to the company’s shareholders as a whole; and
 the payment of the dividend does not materially prejudice the company’s ability to pay its creditors, such as, the company becoming insolvent as a result of dividend payment.

A general meeting shall not declare a dividend larger than recommended by the directors. The crediting or payment of partly paid shares with dividends must allow for the amounts unpaid or uncredited, ignoring any amounts paid before a call is made.

If, during the relevant period, the amount paid or credited on that share changes, then the dividend is credited or paid to the share allowing for this change. Any share shall rank for dividends on the date, if any, that was relevantly stipulated upon issue.
The method of dividend payment may be by cash, issue of further shares or other securities, the grant of options or the transfer of other assets. Shares in a second company must be fully paid to be used as payments in specie. The difficulties that arise in relation to a payment in specie may be dealt with at the discretion of the directors, including:
 fixing the value of a specific asset;
 making cash payments on the basis of their valuation; or
 putting any cash or assets on trust for all relevant members.

Dividends may be distributed by the company paying a cheque to the address of the relevant shareholder as listed in the share register. Where the dividend is paid to joint holders, the address for payment shall be the address listed in the share register for the first named joint holder; unless all the joint holders indicate otherwise in a written request. Joint holders are bound if one of their numbers receives a distribution.

Dividends that are not yet claimed may be used by the company for its own benefit as stipulated in the Corporations Act.

Hi!
Can you tell more about company's dividend policy?

The NFC reader/writer is used to initialize a private (encrypted) and public key onto an NFC tags and reads the public and private key for making payments and exchange.  The mobile device is similar to Square^tm.  The fixed device is similar to Paywave ^tm/Paypass ^tm.

surprised no one has commented on this, i was looking forward to the subsequent discussion/dissection of this offering.

this might be one of the few ways to skirt regulation in the states (regarding btc atms operating as MSBs), this was a particular approach to the problem I hadn't considered before.

about the btc reader/writer, is this product a nfc enabled payment point for btc transactions (like a Square/Paypal card reader, but nfc)? or does it function for storage?

Green

~Green,

Thanks for the feedback.

btc + nfc integration is cost competitive and provides opportunities for new issuers.

I believe our approach will be favored by regulators and assure leading edge card processors.  Your analogy is spot on, except their is no subscription charge at this stage whilst your coins are in our ID loop, nor limits on how much you can spend daily and on what or where or to whom.  I hope we can find a better model than just non-interest earnings also.

Stephen

this is interesting.
 have always thought that the integration of nfc + btc would effectively kill off all the other proximity based payment systems (paypass, paywave) once adopted.


does the particular approach to the situation (purchasing a pre auth with a credit card, that, after account verification, converts to a sale and then btc) eliminate some of the legal concerns with operating these machines like atms? kind of like selling a service subscription with a preloaded account credit?

~Green