From sonic on other forum:
https://bitsharestalk.org/index.php?topic=8566.msg111958#msg111958I would like to address a few things pointed out in this thread.
First off, I am not a professional manager or a programmer, just an avid crypto supporter.
What started out as a small poject to share some risk and costs with some preordered asic hardware, morphed into a large GB which purchased 26 Jupiters and hosted for 6 months mining 1498 BTC and all of it paid out in member dividends and expenses.
https://docs.google.com/spreadsheet/ccc?key=0AtH6ASvoAExHdF9IcFh3QmQ2dEt4Zk5qT3lRUDFDTVE&usp=drive_web#gid=37Because of the complexities of making regular payments I personally paid a programmer to make me autopayment software. This idea turned out to be my archilles heel. Between uncompleted software and programmers deciding not to show up anymore caused me a lot of grief.
So now I have paid out all the 1498 mined BTC and and now trying to coordinate a time with my current programmer to payout auction proceeds from sle of Jupiters and NMC. But between technical issues and both of us working full time it has not happened yet.
The second GB is also waiting for a time commitment from me and my programmer to pay out the total mined. But if you check all mining addresses from second GB, all the funds are still in ther respective mining addresses as well as the escrow payment from the sale of the Cointerras.
I have never experienced anxiety attacks before, but that is the only thing I can explain when I try to click on a Bitcointalk.org link. It is nearly impossible for me to visit that forum anymore.
Could my mangement of the above GB been a lot better? yes, but I also learned a lot during the process.
Neither one of these GB's was a good investment as hindsight shows we would have been better off holding our coins. But hindsight is 20/20. This is also part of the reason some members are so upset, and I am too as I was one of the largest shareholder in the group.
Am I dishonest and a scammer? I took in and paid over 1498 BTC in one GB and am in the process of paying out the 50 BTC remaining in the 2nd GB and NMC as soon as I can connect with my programmer.
For the peole who really know me, the payments will happen.
I am sorry about the delay, I will try and make rest of payments ASAP
hopefully he does make good on this