Topic: [EDIT] please deleted (Read 5250 times)

Guys did someone of You own more than 5% of Peta? in Peta discussion havelock posted that there was voting for changes in PETA and all shareholders with more than 5% was informed and did vote.

(╯°□°）╯︵ ┻━┻

Is it possible to get Havelock to freeze the funds in escrow and re-distribute them amongst all unique shareholders?  I.e. can we just execute the 110-or-whatever% buyback and save everyone from the rough fucking we're about to get come May 31st (or whenever ScryptX decides its done selling monopoly shares)?

If someone wants to go out the market on PETA is open!!!!

If you want to stay into mining, group buys. Their usually the most transparent and should give you a decent ROI if you pick the right one. At the moment, I'd stay out of mining. Difficulty is about to increase at a ridiculous rate.

Otherwise, darkcoins being doing me the business, considering its innovation I wouldn't be surprised if it approaches litecoins market cap soon. Keep an eye on dogecoin aswell, a drop like this should be followed by a rise soon. NXT is also pretty innovative, and reddcoin has promise as the new doge.

Otherwise, for securities, rockminer is looking undervalued and AM is about to release their first dividend in a few months. Should at least promote speculators to up the price until the dividend

Good luck!

ASICMINER - but it's not a new opportunity

The same as me:)

I'm still half stuck on Scryptx...

But still no other serious thing... I may be in the wrong corner to catch opportunities.

Guys,

Did You find new options to invest after cashing PETA?

So, shareprice is going eventually to dive... and at that point... you kill the golden egg chicken? Or are you implying that in that moment they will buy back?

(when I started talking about PETA before the project started, all my connections told me that mining was not providing benefit, mostly for preorders and difficulty raising. I agree on that, but I replied that PETA had:
1. existing pre-orders
2. board producing capabilities
3. a small power plant
4. facility to host more machines, hence more "luck" to get blocks mined frequently
5. reinvestment plan (and this was the key one. No single miner keeps buying more machines every 2 weeks. There is no ROI on 1 machine, but with multiple ones... maybe, reinvesting: maybe).

And now we have:
1. fucked up.
2. not enough.
3. yeah, the whole plant provides 1% of PETA needs... useless.
4. bravo. But then we go into pools, so "luck" factor can be disregarded for the time being.
5. nice fuck up. I proposed to reinvest more, taking the difference in the new fees cost. Downvoted. Hey, I subscribed to a plan where the fees were known. You reduce that cost... I would think that if we reinvest more, we could profit more. But short term investors disagreed. Result, Cryptx decides to take away 100% of dividends until he is satisfied. Because he decided to add additional machines to whatever was the initial plan.
It is really like: I know I promised you a sandwich today, but if you can starve today, tomorrow you can have a lobster. Just to then wait tomorrow and the scene repeats as the lobster provider didn't deliver.

I will not buy back into PETA until things return to normality. Honestly, shareprice... I don't give a shit about it. If the return is going to be higher than a WEEKLY 1%, I will consider it then. The single share price is a mental condition. I'm not buying shares, I'm investing BTC and get paid an interest in BTC. The single share thing is misleading most of the reasoning. Now I'm out. Sold at 0.072 making a decent profit after being purchasing all the way from IPO 0.05 to 0.09 in multiple moments. I'll consider PETA once things are cleared up and for the moment. However, the long term trust is completely fucked and I'll not hesitate a single second to invest somewhere else. Cryptx answering "Pffff" was the last drop. I'm not giving money (hard worked money) to someone who doesn't respect his customers.

)

Mike, you are one of the few people I met in this whole adventure that makes me thing that it totally worth doing it (and of course, the small profit I made).

Because they know shareholders arn't going to see a return and the shareprice is going to dive. Simple as that.

I'm still puzzled by this.

Assuming I want to have a full mining capacity of 2% of the network.
I have some (1%) power capabilities. Fine.
I need to buy shitload of machines... don't have the money, or not all of it. Going for IPO/Havelock.
With the system I put in place, I'm getting fees paid out that cover for costs. Plus making some decent profit.

So, the idea is working.

I'm letting shareholders profit, and I don't take part in it?
Of course Cryptx should buy shares. Actually, it should keep doing it, with the long term intent of buying ALL of them and get the profit themselves.

It is a long process, they still need shareholders money/funds to support... but... where is the problem in my thinking? If it is a profitable model, why keep selling it out?
The said they funded more than a million with their own money. Now most likely they have to buy shares... So what? I would buy shares of my business. Else why would I do it? Once you are done with external capital need, you want the thing to work for you. It may take 2-3 years, but long term... why not?

I think it's a step in the right direction, It's good they will now have exposure to their own actions, but they are just buying the shares off themselves. If the IPO didn't sell they would be short of allot of capital as they already brought the shares to then sell at the IPO... at a profit. All their doing now is trading the loss in capital they would have had if the IPO didn't sell with the shares they brought with that capital. Financially, considering the IPO wouldn't have sold, it's a win for them. But when the shareprice drops they are going to lose capital anyways. I think that's a plus. They will think twice about what they are doing now.

Speculation here, but I think they have already started buying this morning to give the IPO a kick start, hoping other people would jump on board. I wouldn't be surprised if some more large orders come in over the next few days from them to make it seem like a success, as they are going to have to buy the shares anyways, and generally, in their position now, its the smart thing to do.

It still doesn't take away from the fact that the reinvestment is going to kill the project no matter what. The price has to seriously adjust downwards before investors will see a fair return.

But yes, them having exposure is a win for investors. A massive loss for them, but a win for investors. Just be careful, they could just sell them on the market as soon as the IPO ends, causing such downward pressure that the price will overshoot its natural value.

Time will tell.

Good luck.

Mikemikemike, I respect your opinion and I'm glad you share it.
What do you think of the recent move by cryptx (purchasing the remaining shares of the IPO) ? You often blame them for not committing and having shares in their own projects. Does this reassure you ?

let's change all that, I'll be looking forward to dividends in 2 weeks time...

Yes, that is what it means ("This was thanks to a large extent to ...")

"in no small part" = thanks to
?

why mike is buying before ipo if he wanted to get out as well?

^ so it's turned from general (and understandable) discontent with the implementation of new strategies to calls of pyramid and, unexplained feelings of conspiracy theories? when it rains it pours

in the meantime I'll be looking forward to dividends in about 4-5 weeks time, what the share price will be, well that's another matter but I stayed to hope and believe™

Similarly I did the same and sold the night before the IPO. In no small part to mikemikemike, and I too am grateful. I have been with Peta since the operation moved to Havelock and I may get back in when the dust settles after the IPO, but for now it is nice that at this moment my funds are not tied up.

There seems to be more questions than answers. It would have been nice to have had an investor actually visit the data center as several offered to do and count the number of machines in operation, but strangely a couple pictures seemed to quite the demand for such a move.

A day after the Scrypt-X IPO two-thirds of the hashing power was going for investors, significantly earlier than projected, yet PETA has never come close to the promised amount of hashing power. This leads me to believe there is a lot more going on in the data center then what the management wants us to know.

While it all started good, one word keeps coming to mind.
Paying dividends with fresh new money... Until mining is not profitable. Then repeat.
I'll not name the word. But I packed and ready to run as far as I can, away from this.

I can confirm that. When I raised legit questions on scryptx IPO my posts were deleted and received a warning message saying not to post there anymore. You can check in https://bitcointalksearch.org/topic/deleted-posts-from-self-moderated-havelock-scrypt-10-ghs-hosted-scrypt-mining-597799. You will see that mike was a big suporter of CriptX but I'm very glad that he opend his eyes and now see the big scam they are runing. I hope more people will see that and stop donating money to CriptX.

I'd like to add my thanks to mikemikemike.

I was going to hold trough the IPO out of pure laziness, but your statements prompted me to snap out of it and check things in much more depth and nothing added up, especially their difficulty predictions. Having done some mining predictions in the past myself, it is quite obvious that setting dividends low right after the IPO is really bad for investors, as they will have hard times climbing back up, reinvestment or not.

And the way CryptX handled everything is truly annoying (not to mention the other words that come to mind) so I sold everything the night before the IPO, while I was still on good profit.

Myself and others have stated in the scryptx thread - these guys are just selling preorders at an inflated cost (and then charging hosting fee's to boot)

This is no "investment"

Using self-moderated threads so you can delete the posts of people who raise arguments against you makes you look like a scammer and an asshole. I wouldn't personally do it - it's not the way to do business here.

Stop posting snippets of messages that are fully posted above. It makes it clear to everyone you are just trying to defame me instead of answering what are clear accusations. May I ask, considering the screenshots of the entire conversations are posted at the top, which clearly show my true intentions, not what you are posting above, why are you still trying to defame me?

Here's the screenshot with proof if anyone is interested - http://imgur.com/zbBjoC5

Do you not realise you are just putting another nail in your coffin?

How about instead, you just answer the accusations above. But that would mean actually telling the truth, something you are incapable of because no one would ever give you any money again.

It's nice to see your IPO failing, and looking at you deleting all those posts in the official topic just validates what I am saying. How many posts are you going to delete from numerous people until you realise your not going to get away with this?

Watching you squirm with the BS that is posted above really makes me happy.

So I ask one last time,

Why post fake projections?
Why don't you own any shares in your own company?
Why is your only stream of revenue the more electricity you generate?
Why is your entire business strategy to maximise electricity? While destroying investor ROI?

It must hurt not being able to delete posts here right?

How about you just answer the accusations instead of deleting them everywhere you can and trying to discredit anyone who posts them? Ohhhh that's right. Because they are true. You know I've had over five people now contact me directly thanking me for bringing this all to light? You should have started deleting my posts days ago.

You are a bunch of scamming assholes. Enjoy your shitty existence.

Everybody,

Just to inform you about the practices of these 2 people: mikemikemike and Effect. We have been receiving messages from them with bribe suggestions and threads. This is something that cannot be tolerated. Here are some quotes from their PM’s:

From Effect
“I know mikemikemike in real life. Infact were in the same hotel as I speak. If you want him to stop and delete his posts just pay him off and you can continue running your sham.”
“I really would like to enjoy my holiday, so just speak to him. He's a very determined person, he won't let this go until he has a reason to let it go.”
“I'm just trying to give both of you a way out, it's the only thing I can think of. And it's not the first time he's been paid to keep quiet. He's a very smart guy, but money controls him.”
“But How ever much he says he's not pissed off, he is, you guys screwed him and other investors by upping the share price of CryptX while SCRYPT was just being born.”

From mikemikemike
“So apart from you guys screwing over most of your more serious investors by artificially bumping up the price to 0.095 while all we deviated our funds to Scrypt. I'm not saying this was intentional, but it did fuck us over. I'm saying you didn't think about us. Which is fair enough, this is business, and time is of the essence.”
“If you don't then I'm gonna go fully public with everything I know. It will be said in allllot more detail, spoken in allot better language, and I will give full projections that no offence, make yours look like child's work. I used to do it for a living. When this gets out, and your motives do to, your IPO will never sell, you guys won't make anywhere near as much money, and ill make sure it gets to every article site and forum on the web. I hire people to do that for me.”
“I know this has been a pretty blunt email but I hope you understand where I'm coming from. I've never been that straight edged myself but this is ridiculous.”
“I'm going to get to work on my own projections tonight if I don't hear from you and make them public”

Ok. So look at it like this. Imagine you know a shit lot about computers. And a new computer comes out which runs at 3GHz instead of 1.5GHz, and everyone's like "OMG IT'S TWICE AS FAST THIS IS THE SHIT, IM GONNA PAY 50% MORE FOR THIS COMPUTER AND IM GONNA HAVE THE FASTEST OMG OMG OMG", but in reality, it's not just the processor speed that makes the computer fast, it depends on the number of cores, the memory, the read and write speed of the hard drive, the graphics card ect ect.

So imagine you've worked out that in reality, this computer is actually allot slower than the older models, that the manufactuer has just pumped it up to 3GHz while killing all the other specs to make it look better than it actually is. Now imagine on top of that, that same manufactuer goes around advertising it's the faster computer on the market. It starts to tick you off towards that company after a while.

Now imagine you used to be a stanch supporter of this manufactuer, and you've told all your friends these are your guys, they will sort you out. By not actually coming out when they are trying to pull somthing and trying to stop them, when your friends realise in a few months that they can't keep up with the latest games, their gonna be pissed. It's like leading 100 sheep to a cliff and telling them its going to be safe, and then you find out theres a landslide. You'll do everything to stop it but in reality there's not much you can do, their already at the cliff enjoying the view.

Anyways, the whole point is I'm not the only hearder. You've heard from so many other people that are long term holders of what they are trying to pull, and hopefully it's got through to quite a few. But you've still got your diehard kids who are like "FUCK YOU, I DON'T CARE WHAT YOU SAY ABOUT MY COMPUTER, IT RUNS AT 3GHz AND YOU DON'T KNOW WHAT YOUR TALKING ABOUT"

It's painful.

If people don't believe what I'm saying then just look at what other people are saying. This whole update makes zero sense from an investors perspective. Someone ran the numbers and worked out earlier that infact, ROI wise, investors where two times better off with the old reinvestment plan, and five times better off without any reinvestment plan altogether. Other people have run the numbers and realised the ROI is less than 20% of what's advertised. This isn't just me saying it anymore. But tbh, all I wanted was other people to do their own research independent of what I'm telling them and work it out for themselves. Which has happened. And that I feel allot better about.

So yeah, next bit is why are they doing this? Its the same reason CryptX don't own ANY shares in their own company, because they make money from the fees. How many companies dont have the owners or CEO's holding a stake in the company?? if you had a server farm, is it not the last thing you'd want, as having the guys who manage it, having their only income as through how much electricity they can generate??? it sounds crazy doesnt it?? but this is exaclty whats happening. Their interests are aligned completely opposite to the investors.

And yeh. if you look at the ONLY benefit towards their strategy of reinvestment, it's that it increases fees at a sliding exponential rate and then stabilises them, all in all killing ROI for investors. To me, and to a few others, this is the most obvious thing, but some people just can't see past the two dimensional aspect.

Anyways, it's pointless now, the IPO has started and they have restructured the company without any say so from investors. In three months time all those investors are gonna be absolutely fuming when they realise they can't even play the shity games, and the manufactuer has robbed them.

Anyways. Whatever. I'm slowly starting to move on, I've done all I can do. CryptX is now deleting all the posts that explain to investors what's going on, and the only people left are the shills who can't see past the whole 3GHz sign.

Effect, we've known each other for a few months, he does my numbers and the occasional bit of PR as my English is terrible. Aparanttly he was just trying to incriminate them but he probably just wanted a reason to walk away from this mess. Knowing what we both know though i wouldnt be suprised if he took their money and just told them to fuck off. But whichever whatever. im not getting involved in it. There where a couple other PMs that were sent, including one from cryptX asking for me to contact them directly but nothing that really deviates from the screenshot they posted.

Anyways, I'm gonna stop with this now. The IPO has started and I've got the information out. If people want to carry on believing what these guys are selling, whatever. It's a learning process. Plus, I'm on holiday. Well, I'm permanently on holiday but I've got shit to do on this one that isn't just work related.

Anyways, Peaceeeeeeee

gosh this is exciting...

just remember in future not to count your chickens. I mean, if you're 2000% up already, what do you care?

For those who have already made more than they put into (in fiat) the bitcoin space, I believe there should be an element of "not giving a fuck". Especially with the high risk/reward ratios that still prevail in this space.

Calm down and offer some constructive solutions instead of throwing your toys out the pram


PS - I do actually value your posts mike... just I don't take them totally seriously.

PPS - can you offer up a clear explanation of why effect sent that message to cryptx and what he hoped to gain from it? What is effect's relationship to you, can you say whether or not effect is an alternate account of yours?

They delete all your posts aswell?

This is apparently something peta really doesn't want you to know.

I didn't. I did extensive due diligence beforehand. Their cash grab has only happened in the past few days. Thanks for your opinion though, extremely insightful.

I'm not too sure exactly.

But yup, that's pretty much what I've been trying to say. Bleed one company and give to another. Just have some absolutely stupid investors who can't see what this update actually is, because they are too blinded by the emotional contention they have with this investment, who would frankly, by the looks of it, argue 2+2 equaled 5 if they had money on it. but whatever.

What is the exact total divs? If it is less than 3,000 btc then they have technically never made a profit.

I am starting to think petamine is just a complex scheme to sell electricity. $0.45/kwh is about 10 times what you would get selling to the grid.

If you go to the website, grab their names, and search through LinkedIn, you will find the owners. It's got there what they do.

Total divs have been good up until this point. But this new update is going to kill them off

Source for PETA owning a solar company?

Also anyone know the total divs up to this point?

Just a footnote.

The ROI predicted by them is complete bullshit. The share price at the moment is artificial. Once investors realise this over the coming weeks the price is going to skyrocket down. Please read all of the above. This is the 100% truth, and can be verified just by looking at the facts, moreso than anything, the projections.

Backup of projections can be found here - http://imgur.com/VpqFaZH

Please see false projections, and please see a reinvestment strategy to maximise hosting fees, in complete contrast to investors returns. As I've said before. JUST FIX THE PROJECTIONS. Then you know as well as I do your investors will see the true nature of your fraud. But you won't, infact, I expect you to delete them so just so you know, I've made a backup.

Please check out all competition about the hosting fee and also pls calculate the costs to build a datacenter to hold 1,500 TH/s.

I've explained it above. You are lying to your investors with false projections, your reinvestment strategy is set out to maximise hosting fees. As such, you are taking away the early dividends from you investors to pay yourself in fees, you know as well as I do, and as well as anyone else who now views this thread, investors will never see a return even close to what you have told them, while all this time, you are going to pay yourself 10,000 BTC in hosting fees.

This is a blatant extortion attempt to take the capital that your investors are giving you, at an artificial share price set by yourself, to make enough machines to pay your hosting provider, which looking at your LinkedIn profile, appears to be yourselves, the most amount of revenue over the next year while destroying investor returns in the process.

And all this you are doing under the guise of a fancy prospectus and utterly bullshit projections. Projections that you still won't fix to this day, to actually show your investors what your actually going to do.

Please explain how we are funnelling funds to our solar company?

There isn't. It looks like a friend of mine told them to speak to me directly or just pay me off. Something which I never would have accepted. I will speak to him when he wakes up. I will also get the full PM he sent and post it here, as I do not believe, like the PM I sent, that is the whole story. And instead, just like above, CryptX are just covering up what was actually said to further their own fraud.

Edit: screenshot of proof of the full PM I sent

http://imgur.com/zbBjoC5

fair so far, where's the bribery?

The actual PM that was sent. I will speak to E f f e c T in the morning.


Look guys, I've decided to contact you directly to get this resolved. I've been your most vocal supporter, I've spent a large amount if my time defending you guys and this project throughout the forums, even when everything was going shit and we were late to deliver, why? Because I trusted you guys. I ignored all my personal feelings towards long term investing and finally settled down to a project. I even got a few of my friends to invest. Which might I say, they are still probably very happy, but they don't know any better.

So apart from you guys screwing over most of your more serious investors by artificially bumping up the price to 0.095 while all we deviated our funds to Scrypt. I'm not saying this was intentional, but it did fuck us over. I'm saying you didn't think about us. Which is fair enough, this is business, and time is of the essence.

Apart from that, here comes the serious problem, you've now changed PETA from partially beneficial to investors, to full out hit and run. You know as well as I do you've allocated the reinvestment percentage so high initially to have more machines, and to supply yourselves with more profit. You'll argue that this is to secure the long term future of the project but we both know that only benefits you and not investors, you could give investors a twice better ROI if you pumped out the dividends at 50/50 and the project died in six months instead of prolonging it for a year. By you don't want to do that. So what do you do? You post false projections again that are utterly misleading to garner interest for the IPO, because you know as well as I do once the IPO is over you guys are pretty much guaranteed a million dollar plus income over the next year, and that's if BTC stays the same, and we both know it won't.

Usually I'd be like whatever, but I've sat around and supported you guys for so long, that now you've fucked me over I'm pissed.

I know exactly what your doing, i spent a few years in industry analysing situations like this for a living and I'm pretty good at it.

Fix the projections, readjust the reinvestment percentage to something that is actually beneficial to your investors. You know as well as I do when the difficulty starts increasing people are going to realise there is no profit in this for them and the share price is going to crash through the floor. You guys will still make allot of money, but not at the cost of your investors.

If you don't then I'm gonna go fully public with everything I know. It will be said in allllot more detail, spoken in allot better language, and I will give full projections that no offence, make yours look like child's work. I used to do it for a living. When this gets out, and your motives do to, your IPO will never sell, you guys won't make anywhere near as much money, and ill make sure it gets to every article site and forum on the web. I hire people to do that for me.

This might sound threatening, but all I'm asking is for you to do the right thing, decrease your own profits, and give your investors something that will actually benefit them and not lose them serious amounts of money, and stop misleading them! Those projections need to be fixed, you know linear increases are never going to happen, frankly, I'm shocked about how bold you have been with your misinformation.

I know this has been a pretty blunt email but I hope you understand where I'm coming from. I've never been that straight edged myself but this is ridiculous.

I'm going to get to work on my own projections tonight if I don't hear from you and make them public

Anyways, I'm off to the beach. Ill have my phone on me to check messages.

Peaceeeeee

Everybody,

Just to inform you about the practices of these 2 people: mikemikemike and Effect. We have been receiving messages from them with bribe suggestions and threads. This is something that cannot be tolerated. Here are some quotes from their PM’s:

From Effect
“I know mikemikemike in real life. Infact were in the same hotel as I speak. If you want him to stop and delete his posts just pay him off and you can continue running your sham.”
“I really would like to enjoy my holiday, so just speak to him. He's a very determined person, he won't let this go until he has a reason to let it go.”
“I'm just trying to give both of you a way out, it's the only thing I can think of. And it's not the first time he's been paid to keep quiet. He's a very smart guy, but money controls him.”
“But How ever much he says he's not pissed off, he is, you guys screwed him and other investors by upping the share price of CryptX while SCRYPT was just being born.”

From mikemikemike
“So apart from you guys screwing over most of your more serious investors by artificially bumping up the price to 0.095 while all we deviated our funds to Scrypt. I'm not saying this was intentional, but it did fuck us over. I'm saying you didn't think about us. Which is fair enough, this is business, and time is of the essence.”
“If you don't then I'm gonna go fully public with everything I know. It will be said in allllot more detail, spoken in allot better language, and I will give full projections that no offence, make yours look like child's work. I used to do it for a living. When this gets out, and your motives do to, your IPO will never sell, you guys won't make anywhere near as much money, and ill make sure it gets to every article site and forum on the web. I hire people to do that for me.”
“I know this has been a pretty blunt email but I hope you understand where I'm coming from. I've never been that straight edged myself but this is ridiculous.”
“I'm going to get to work on my own projections tonight if I don't hear from you and make them public”

This has been resolved.