Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 724. (Read 3377922 times)

So I was wrong, there is apparently a minimum. Which makes the leaked keys somewhat less dangerous - to make use of them someone would have to spend $20k or whatever the exchange rate is now.

Thank you for this response. Its very reasonably written

Perhaps I was extremely naive in thinking this would go over well and people would understand we were trying the help the community and now GAW. I knew there would be some initial backlash. But I assumed when people saw we were being transparent with our addresses they would understand we were not doing it for any sort of profit

As far as the vote I completely understand people wont blindly trust cryptsy to vote in their favor. We were still working out ways to gauge interest before any vote of ours is placed. Wether that be a vote, poll or some other form of survey of the community.

I still want to have an official meeting before we reveal our plan with the controller moving forward. Ill make another update tomorrow. I don't think you will be disappointed

This guy needs a ban asap https://hashtalk.org/topic/37121/how-many-coins-are-being-produced-each-day

+1

Subject:    Financial plan
Date:    Tue, 10 Jun 2014 01:33:05 -0400
From:    Josh Garza <[email protected]>
To:    Stuart Fraser <[email protected]>, Shiraz Moosajee <[email protected]>

Hey shiraz, figured I would loop Stuart in.

Whays the timing look like to have the Financials prepared?

Josh

Dear Stuart & Josh,
In answering this question, I am going to incorporate observations from my first 30 days and so this is going to be a much broader response and as always a candid one.

1. Historic Financials.  
Attached are the Draft Financial statements to May 31.  They are on a cash basis, require many explanations and adjustments and as such have limited usefulness to the business. There are many things missing (inventory, capital provided etc.) and "wrong" (inventory, revenue and cost accruals) that have to remedied. To fix these and be able to report to normal level of confidence will take at least 3 month end closes.  I.e October, reporting on September Month end.

To elaborate, the key element is Inventory accounting for which no operational system exists and which none appears planned for the change over to the new front end Magenta system. Assuming this can be implemented operationally, concurrent with the new warehouse occupation in July / August, then picking up the accounting back end and getting stock reconciliation's etc done here and in Hong Kong, and cleaned up by September month end is a tough schedule but realistic.  Its worth restating that without supply chain operational controls i.e purchases orders, goods received and dispatched notes & inventory, no reliance should be placed on any financial statements.

The other issues, primarily accrual and catching up ones, can always be caught up and fixed with resources, but the critical path is governed by inventory.  

2. Organizational Issues
The accruals problem is a good window into some of the organizational challenges and can best be seen through the hosting product. The accounting here requires that revenue be recognized over the course of the hosting period (12 months) along with costs.  Additionally, we would capitalize and amortize fixed costs in setting up the data center and accrue for operational ones.  To do this as a regular and normal activity, requires that the company have the people, operational processes and policies capable of this level of sophistication.  We don't.

To elaborate further, we have great people, highly motivated but with limited business and financial management experience, particularly for what is now appropriate for a company of some size and aspirations to be something much bigger.  Similarly, our processes and polices are fine for what existed but do not scale.  There is much to be done in terms of education, training and management development.

3. Normal Financial Management: Financial Control, Budgets, Variance Reporting Accountability etc
All of this needs to happen but I cannot see this in place till 2015, the critical path being dictated by the availability of good numbers per (1).  Otherwise its Garbage In /  Garbage Out.

Moreover, for this to work, requires the similar development of the organization per (2) above.  Basic Issues such a demarcation of cost and profit centers, budget holders, KPI's and job holder accountability and reporting etc.

For example, implementing a budget could be done as a a 'top down" process when what is required for the development of the company is a "bottoms up" process through the normal collaboration, iterations and compromise of the budgeting cycle.  To be effective, financial control has to be approached across the organization in a holistic manner rather than Accounting and Finance being the tail that wags that dog.

We are less than 3 months into the Miners business and these are off course "good" problems to have, dictated by the success of the business.  Equally, I am aware that we have many future opportunities that we are racing towards and there is always a balance that has to be struck between full speed ahead and out running our headlights and crashing at the first corner.  These are issues that have to addressed that both strategically and tactically and require your input and direction.

Shiraz



 

But you gotta give me an hj. Deal?

Subject:    Re: Booth for Hashers United
Date:    Fri, 03 Oct 2014 19:55:25 -0700
From:    Marshall Long <[email protected]>
To:    Josh Garza <[email protected]>



Ok,

Calm your tits. If your team comes early, and commandeers an adjacent space, and sets up in time, Ill just pat your ass and cup your balls. Tell your team to plan better bro. We literally finalized the floor plan 1 hour before amber called. That is not on me. However, I love your balls and it is fine.

But you gotta give me an hj. Deal?

From: Josh Garza <[email protected]>
Date: Friday, October 3, 2014 at 7:40 PM
To: Marshall Long <[email protected]>
Subject: Fwd: Booth for Hashers United

You got to be kidding? We paid you 20k

Don't make this an issue you asshat

---------- Forwarded message ----------
From: "Amber Messer" <[email protected]>
Date: Oct 3, 2014 9:46 PM
Subject: Booth for Hashers United
To: "Evan Jones" <[email protected]>, "Josh Garza" <[email protected]>, "Rami Abramov" <[email protected]>, "Christian Gogol" <[email protected]>
Cc:

Hi guys,
Sorry for the late notice. I just spoke with Marshall from Final Hash. If we use the 20x10 structure Monica created for us, they are saying we will have to get an additional both, which will cost extra.

I spoke with Monica and she said we can use just 10ft of the booth if we want, its still functional that way.

So my question is, do we want to use the whole structure and pay for the extra space, use 10ft and stay at the same price, or i can try to get the extra space without extra cost(so far hasn't worked for me)

Thank you for your thoughts!

Subject: SMS from Marshall Long [(972) 658-8670]
Date: Wed, 24 Sep 2014 11:04:31 +0000
From: Marshall Long (SMS) <[email protected]>
To: [email protected]

Its all good dude. Im just bustin your balls.

Subject:    Re: Let's Race Cars in Vegas
Date:    Wed, 01 Oct 2014 23:24:55 +0000 (GMT)
From:    [email protected] <[email protected]>
To:    [email protected]

Yo let me in on the live interview bro. Il cup your balls


Sent from my Sprint phone


------ Original message------

From: Josh Garza

Date: Wed, Oct 1, 2014 16:04

To: Marshall Long;

Cc: Marco Streng;Abram Kottmeier;Leo Iruke;

Subject:Re: Let's Race Cars in Vegas


hurry, or I am going to make them choose one of your questions for the live interview


Josh Garza
CEO- GAW Corp

On Wed, Oct 1, 2014 at 5:02 PM, Marshall Long <[email protected]> wrote:

    Hahaha. Its on the charger. Imma call u in 1 minute

    From: Josh Garza <[email protected]>
    Date: Wednesday, October 1, 2014 at 5:59 PM
    To: Marshall Long <[email protected]>
    Cc: Marco Streng <[email protected]>, Abram Kottmeier <[email protected]>, Leo Iruke <[email protected]>

    Subject: Re: Let's Race Cars in Vegas

    i am reneging

    pick up your phone!


    Josh Garza
    CEO- GAW Corp

    On Wed, Oct 1, 2014 at 4:58 PM, Marshall Long <[email protected]> wrote:

        Nobody cares. You picked the mclaren. Live with your choice rook

        From: Josh Garza <[email protected]>
        Date: Wednesday, October 1, 2014 at 5:56 PM
        To: Marshall Long <[email protected]>
        Cc: Marco Streng <[email protected]>, Abram Kottmeier <[email protected]>, <[email protected]>

        Subject: Re: Let's Race Cars in Vegas

        I want that one, thats the only one I don’t already have


        Josh Garza
        CEO- GAW Corp

        On Wed, Oct 1, 2014 at 4:55 PM, Marshall Long <[email protected]> wrote:

            Give him the huracan… marco yu cant just say lambo dude…

            From: Marco Streng <[email protected]>
            Date: Wednesday, October 1, 2014 at 5:41 PM
            To: Marshall Long <[email protected]>, Abram Kottmeier <[email protected]>, <[email protected]>, <[email protected]>

            Subject: Re: Let's Race Cars in Vegas

            Haha, then let's go with the lambo. Is that fine Abram?
            Thank you guys btw. this is really a great idea!

            Greetings,
            Marco

            Am 01.10.2014 22:23, schrieb Marshall Long:
>             Marco,
>
>             Here are your options.
>
>             Www.exoticsracing.com
>             No bugatti’s. Don’t be greedy bud
>
>             From: Marco Streng <[email protected]>
>             Date: Wednesday, October 1, 2014 at 5:20 PM
>             To: Abram Kottmeier <[email protected]>, <[email protected]>, <[email protected]>, Marshall Long <[email protected]>, Dave Carlson <[email protected]>
>             Subject: Re: Let's Race Cars in Vegas
>
>             Haha, that sounds fantastic! Let's get it rolling
>
>             Wednesday noon is perfect!
>
>             Is bugatti veyron also an option?
>
>             Greetings from Munich,
>             Marco
>
>             Am 01.10.2014 22:31, schrieb Abram Kottmeier:
>>             Hope everyone's Wednesday is rocking!
>>
>>             I've been working with Dave Carlson and Mega Big Power for a few months now. He suggested we get a group of guys together and go race exotic cars out the Las Vegas Motor Speedway. If we do it on Wednesday it could be a perfect break in between shows and a whole lot of fun. We can race Ferrari's, Lambo's, they've even got a McLaren.
>>
>>             Dave's been gracious enough to cover a 5-lap sessi

Subject: Be careful, please
Date: Wed, 17 Dec 2014 03:23:08 -0700
From: Payton Peterson <[email protected]>
To: Josh Garza <[email protected]>

Josh,

Some of us are worried about you. Recently, I have had some of my close HT friends contact me and ask how we can express our concern. We concluded that I send you an email, and not list their names. Mostly because I was the only one who had the balls to do it - everyone else had fear that you would not like them and ban them if they expressed their opinions. So here I am.

We are worried about what you say in public/private, and how sometimes things don't get communicated in the best manner.

You are getting a lot of hate lately, which is normal for a company - but should be addressed in a different manner. Maybe consider bringing on a PR firm to help you with this. I can expand more on this if you would like.

After talking to some people that are new to PayCoin, I asked them - how big does GAW seem to you? One replied, "I would say 5 people or so". The other replied, "It's run by Josh and Eric right?"

That right there, made me realize that you should consider adding some depth to your company on a public level. People will take you a lot more seriously if they realize there are a lot of people involved.

This means, stop addressing everything yourself. That is something the majority of people who contacted me wanted me to say.

You have posted publicly your plans for the company, and the information you need to post. Users can read that and go from there. No need to get into arguments with others on different forums.

One of the HT users who actually manages several public companies PR overseas told me:

"I think Josh should stop making everything so personal, especially when making announcements. It's one thing to announce representing a company, and another to do it personally. People get upset when personal promises are broken, but not so much what a company promises. All he has to say is, "my company informed me incorrectly as far as timing for this launch" which would take a lot of the heat off him."

Next, tonight one of my friends brought me dinner to my house (I'm sick, got an awful fever and can hardly function). He chilled (far away from me) and we talked about what I'm currently up to in life. I mentioned you guys and he went on his laptop to find some info on you while I ate.

After a while, he told me that the PayCoin idea was quite cool and that he wants to invest some money into it. He asked where he can stay updated with what is going on and I told him to follow you on Twitter. After a couple moments he told me, "Why would I invest in a company that their own CEO can't even spell?". I laughed and told him you had a long night probably. Read your most recent tweet.

On that note.

Something that was brought up often was your spelling.

Just clean up your text before you post on BTCTalk, Twitter, etc. It's a simple step that makes you look a lot more impressive if done properly.

Sometimes before I tweet something, I save the tweet as a draft, go do something for a while, then come back and reanalyze it. It's then that I usually notice the flaws and correct them.

Also on that note, the reason I'm not interested in running your Twitter is because I feel like we would clash heads too often. There is a lot of stuff you post that many of us think is quite arrogant and only adds to the flames directed at GAW. A lot of the stuff you post I would delete, which would make you angry.

Also - no need to argue with people on twitter. Most CEOs don't even reply to people; that is both a strategic and feasible move.

A reasonable idea that someone pitched to me - give Amber access to your twitter. Text her your ideas for tweets. She spell checks them and PC's them and posts it. That's all. No blocking people you don't like, or replying with smart answers. That will just cause more drama - which you don't need.

Anyways, we all have high hopes for this company - and wanted to voice a couple concerns to you, which we hope you consider knowing we are here to help.

-Payton & Hashers

(Excuse my spelling. I can't think straight at 101.2F and was pestered to get this written and sent to you)

Arrest Processing Photos
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Without a shadow of a doubt there is major collusion right at the top of both companies.  The statements from the cryptsy staff here are meaningless.  This is probably a deal cooked up by Big Vern and Josh Garza.   The fact that XPY was a US DOLLAR market in cryptsy  seals the proof for me.   Cryptsy deliberately set themselves up as a coin laundering vehicle for Josh Garza which explains the mysterious transactions directly in and out of crypsy which Paul Revere has discovered.  Somebody high up in GAW obviously had elevated priviliges within Cryptsy which allowed them to use Cryptsy wallets in order to shuffle paycoins with bots.

This is criminal.

I think Cryptsy dug itself into this GAW/Paycoin shit so deep, it will go down, too, when Garza finally goes to jail. Why did XPY become part of the USD market there in the first place, while dozens of other coins can only be traded for BTC or LTC? It all stinks of collaboration with the fraudster.
If you have any cryptocoins or fiat moneys on Cryptsy, take them out and delete your account.