0.12 BTC is around $50 right now, this is small claims territory and depending on where you live it might cost you as much or more to file a suit to recoup your 0.12 BTC. You cannot escalate it past small claims in superior court as it is not worth more than the maximum small claims suit amount (usually somewhere between $1000 and $3500 depending on your state/district) I can tell you right now, if you get an attorney you will spend more than what you would get in return. It would likely just be better for you to wipe your hands of GPUCoin and mine something else.
We all understand you are upset, but constantly stating this on a forum that the owner of the coin doesn't frequent too often isn't going to help you. Sometimes, like a broken marriage, it is better to just walk away and chalk things up to a life lesson learned.
Also, the owner does not have to disclose anything, it isn't a publicly held company on the stock market.
Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 32. (Read 421398 times)
you get em johnny cockran...
srsly, what a whiny bitch
yeah go get your lawyers for 0.12 btc, seems like the best logical thing to do
yeah go get your lawyers for 0.12 btc, seems like the best logical thing to do
I would go away if the store proves they spent the IPO fund on GPUs.
Otherwise I have a valid complaint and will not leave it alone until it is addressed.
The more they refuse to disclose the information I am seeking the worse it looks for them.
Otherwise I have a valid complaint and will not leave it alone until it is addressed.
The more they refuse to disclose the information I am seeking the worse it looks for them.
IPO
An initial public offering, or IPO, is the first sale of stock by a company to the public. A company can raise money by issuing either debt or equity. If the company has never issued equity to the public, it's known as an IPO.
as such the equity (or value of shares) is directly related to coins. we got them, case closed.
nothing to do with shares in his company or his finances.
Ok. Forget about the IPO.
I am no longer arguing about whether Jaymes is required to follow the rules set in place to regulate IPOs.
Right now I am arguing that Jaymes has not fulfilled his end of the transaction. I am waiting for him to disclose some evidence that his part of the deal was carried out.
He has not, so I want my coins back.
(and I will take this to court if I need to, it is a valid complaint and not frivolous, I have found two similar cases where a judge ordered a refund based on a company failing to show it carried out its end of an arrangement. The first one was involving an IPO, the second one was not.)
Hes not gonna let go
Nope. I have been trying to get my 0.12 bitcoin refund for weeks.
And you guys are likely getting scammed. There is no other reason to be so strongly against disclosing the details that prove otherwise.
And I have been meaning to ask, are those GPUs used? My box was not sealed and actually looked like it had been opened.
Jaymes does have to disclose some proof that 100% of the original IPO funds was spent on wholesale GPUs.
If he does that then I will drop my request for a refund and stop pressing the issue.
I think he blocked my email so I guess I will have to start corresponding by snail mail. I am not dropping this until either I get my refund or Jaymes proves that he fulfilled his end of the deal. I will take him to court if needed if my lawyer indicates I have a case.
The math does not add up. As of right now the evidence indicates that the IPO money was not all spent on GPUs. I don't think Jaymes would win in court.
All I wanted was a refund. I have been asking for a refund for a long time. We were promised a refund if the second launch failed but I was never granted one. We are talking 0.12 bitcoin. But since they refused to either disclose information that shows they met their end of the deal as well as refused to grant my refund.
If I did not take action I would not be sticking to my values.
If he does that then I will drop my request for a refund and stop pressing the issue.
I think he blocked my email so I guess I will have to start corresponding by snail mail. I am not dropping this until either I get my refund or Jaymes proves that he fulfilled his end of the deal. I will take him to court if needed if my lawyer indicates I have a case.
The math does not add up. As of right now the evidence indicates that the IPO money was not all spent on GPUs. I don't think Jaymes would win in court.
All I wanted was a refund. I have been asking for a refund for a long time. We were promised a refund if the second launch failed but I was never granted one. We are talking 0.12 bitcoin. But since they refused to either disclose information that shows they met their end of the deal as well as refused to grant my refund.
If I did not take action I would not be sticking to my values.
IPO
An initial public offering, or IPO, is the first sale of stock by a company to the public. A company can raise money by issuing either debt or equity. If the company has never issued equity to the public, it's known as an IPO.
as such the equity (or value of shares) is directly related to coins. we got them, case closed.
nothing to do with shares in his company or his finances.
Ok. Forget about the IPO.
I am no longer arguing about whether Jaymes is required to follow the rules set in place to regulate IPOs.
Right now I am arguing that Jaymes has not fulfilled his end of the transaction. I am waiting for him to disclose some evidence that his part of the deal was carried out.
He has not, so I want my coins back.
(and I will take this to court if I need to, it is a valid complaint and not frivolous, I have found two similar cases where a judge ordered a refund based on a company failing to show it carried out its end of an arrangement. The first one was involving an IPO, the second one was not.)
Hes not gonna let go
IPO
An initial public offering, or IPO, is the first sale of stock by a company to the public. A company can raise money by issuing either debt or equity. If the company has never issued equity to the public, it's known as an IPO.
as such the equity (or value of shares) is directly related to coins. we got them, case closed.
nothing to do with shares in his company or his finances.
Ok. Forget about the IPO.
I am no longer arguing about whether Jaymes is required to follow the rules set in place to regulate IPOs.
Right now I am arguing that Jaymes has not fulfilled his end of the transaction. I am waiting for him to disclose some evidence that his part of the deal was carried out.
He has not, so I want my coins back.
(and I will take this to court if I need to, it is a valid complaint and not frivolous, I have found two similar cases where a judge ordered a refund based on a company failing to show it carried out its end of an arrangement. The first one was involving an IPO, the second one was not.)
why do you, as only a customer, need a itemized list of his spending?
Because we were literally guaranteed that 100% of the IPO funds would be used to purchase a bulk batch of GPUs.
I have demanded over and over that they disclose some information which indicates that this happened.
They refuse to prove that they did what I paid for them to do.
Otherwise I obviously want a refund.
You Jaymes supporters are delusional. This is a trainwreck of a business.
And since I did give up items of value as part of the deal I expect a little in return.
Why can't they just confirm that 100% of the IPO was used to purchase the first batch of GPUs?
Why is it so hard to simply list the equipment that was purchased in the first batch, and a total spent, showing that the IPO money is not being skimmed by the owner?
It should not be hard unless the owner is either stealing from us or messed up real bad somehow.
illiki23 you've got to let it go.
the money collected was to help get the entire business off the ground from graphics cards, domain names, site work, programmers for the coin and w/e they needed to spend money on.
why do you, as only a customer, need a itemized list of his spending?
if in almost every page, if not every other page, you're going to keep going on about this, why not dump your coins and move on? seriously sit back and think about doing so. i'm IPO and so are a lot of others, however i dont see a single person asking these questions. sure some people have asked when more stock would be in, or how many cards there will be, but not in the relation that you're asking about it.
and before you try to make a point about the ipo, lets define it.
IPO
An initial public offering, or IPO, is the first sale of stock by a company to the public. A company can raise money by issuing either debt or equity. If the company has never issued equity to the public, it's known as an IPO.
as such the equity (or value of shares) is directly related to coins. we got them, case closed.
nothing to do with shares in his company or his finances.
the money collected was to help get the entire business off the ground from graphics cards, domain names, site work, programmers for the coin and w/e they needed to spend money on.
why do you, as only a customer, need a itemized list of his spending?
if in almost every page, if not every other page, you're going to keep going on about this, why not dump your coins and move on? seriously sit back and think about doing so. i'm IPO and so are a lot of others, however i dont see a single person asking these questions. sure some people have asked when more stock would be in, or how many cards there will be, but not in the relation that you're asking about it.
and before you try to make a point about the ipo, lets define it.
IPO
An initial public offering, or IPO, is the first sale of stock by a company to the public. A company can raise money by issuing either debt or equity. If the company has never issued equity to the public, it's known as an IPO.
as such the equity (or value of shares) is directly related to coins. we got them, case closed.
nothing to do with shares in his company or his finances.
+1 THIS
Let's move on and see what we can do from hear on in. I don't have the skills or connections to get any marketing or advertising done. Nor too get any coding done. Or any graphics design. But, i'm willing to work. You idea guys out there with know how in these areas, utilize us, the community to help with these things. Might be unskilled labor, but its still labor.
waltsmith
illiki23 you've got to let it go.
the money collected was to help get the entire business off the ground from graphics cards, domain names, site work, programmers for the coin and w/e they needed to spend money on.
why do you, as only a customer, need a itemized list of his spending?
if in almost every page, if not every other page, you're going to keep going on about this, why not dump your coins and move on? seriously sit back and think about doing so. i'm IPO and so are a lot of others, however i dont see a single person asking these questions. sure some people have asked when more stock would be in, or how many cards there will be, but not in the relation that you're asking about it.
and before you try to make a point about the ipo, lets define it.
IPO
An initial public offering, or IPO, is the first sale of stock by a company to the public. A company can raise money by issuing either debt or equity. If the company has never issued equity to the public, it's known as an IPO.
as such the equity (or value of shares) is directly related to coins. we got them, case closed.
nothing to do with shares in his company or his finances.
the money collected was to help get the entire business off the ground from graphics cards, domain names, site work, programmers for the coin and w/e they needed to spend money on.
why do you, as only a customer, need a itemized list of his spending?
if in almost every page, if not every other page, you're going to keep going on about this, why not dump your coins and move on? seriously sit back and think about doing so. i'm IPO and so are a lot of others, however i dont see a single person asking these questions. sure some people have asked when more stock would be in, or how many cards there will be, but not in the relation that you're asking about it.
and before you try to make a point about the ipo, lets define it.
IPO
An initial public offering, or IPO, is the first sale of stock by a company to the public. A company can raise money by issuing either debt or equity. If the company has never issued equity to the public, it's known as an IPO.
as such the equity (or value of shares) is directly related to coins. we got them, case closed.
nothing to do with shares in his company or his finances.
Does anyone remember how many of each type of item was originally stocked in the GPUCoin store?
I am adding up the cost and from what I can tell it is no-where near the amount of money raised in the IPO.
I don't remember how many units there were exactly so I wanted to double check with someone.
It does not really add up, and GPUCoin refuses to disclose information about how much they have been spending of the IPO money and on what.
I am adding up the cost and from what I can tell it is no-where near the amount of money raised in the IPO.
I don't remember how many units there were exactly so I wanted to double check with someone.
It does not really add up, and GPUCoin refuses to disclose information about how much they have been spending of the IPO money and on what.
Anyone else wonder why GPUCoin refused to disclose any financial details related to their site?
Despite several people insisting on it they refused to disclose any details about the first GPU bulk purchase.
They also refused, despite being asked multiple times, to disclose how much money they were taking for themselves and how much was going towards the second batch. Their refusal to discuss these details is suspicious.
I don't see any reason for not cooperating.
I doubt that we are being scammed, but it does not really look good for them.
They claimed they would spend the entirety of the IPO money to buy a bulk batch of GPUs. I think we should be entitled to a refund because they have not demonstrated that this happened. I have looked it up and there are several cases were people were granted refunds based on a company failing to practice disclosure when people asked for them to prove they did what they claimed they would.
Yes, it has been shown in court that a company needs to disclose information proving they met their end of an agreement or a refund may be entitled. We bought GPUCoins from the developer based on a number of guarantees which so far to my knowledge have not been carried out.
I have asked many times for them to prove that they spent the IPO funds on GPUs. They adamantly refuse to do so.
And someone might want to take a look at the size of the IPO and the total amount it would cost to purchase the equipment that was first listed in the store. (I did and it does not add up)
Despite several people insisting on it they refused to disclose any details about the first GPU bulk purchase.
They also refused, despite being asked multiple times, to disclose how much money they were taking for themselves and how much was going towards the second batch. Their refusal to discuss these details is suspicious.
I don't see any reason for not cooperating.
I doubt that we are being scammed, but it does not really look good for them.
They claimed they would spend the entirety of the IPO money to buy a bulk batch of GPUs. I think we should be entitled to a refund because they have not demonstrated that this happened. I have looked it up and there are several cases were people were granted refunds based on a company failing to practice disclosure when people asked for them to prove they did what they claimed they would.
Yes, it has been shown in court that a company needs to disclose information proving they met their end of an agreement or a refund may be entitled. We bought GPUCoins from the developer based on a number of guarantees which so far to my knowledge have not been carried out.
I have asked many times for them to prove that they spent the IPO funds on GPUs. They adamantly refuse to do so.
And someone might want to take a look at the size of the IPO and the total amount it would cost to purchase the equipment that was first listed in the store. (I did and it does not add up)
I really don't know what to think at this point. No money for advertising now? ok. there have been several people on here for a month offering to help in any way they can and lot's of good ideas as well with zero response from GPUC. I don't see money as the main issue, you have people willing to devote their time and effort, a pile of coins and pages and pages of this forum filled with people who can help get this ship back on track but nothing from the bossman. From my point of view it seems like excuses and abandonment are in the near future. oh well, nobody can say that we as a community didn't try. People have stuck it out through failed launches, single digits and apparently a self-imposed gag order..why you wouldn't use this type of commitment and positive intentions to benefit the coin and ultimately the business bank account is puzzling.
if we at CryptoArticles.com can do anything to help out GPU coin, please send me a PM.
Do note that we are not planning to change the truth though; if you want us to make stuff up to promote GPUCoin, you should look for a different outlet.
Even if the community wants to do a sponsored article, which is all fine & dandy, there will be no lies in the text
GPUCoin needs help, and we are willing to offer it, but only the truth should be told & nothing else.
Do note that we are not planning to change the truth though; if you want us to make stuff up to promote GPUCoin, you should look for a different outlet.
Even if the community wants to do a sponsored article, which is all fine & dandy, there will be no lies in the text
GPUCoin needs help, and we are willing to offer it, but only the truth should be told & nothing else.
marketing is everything, there needs to be a reason to use this coin which means the price on cards needs to beat tigerdirect and newegg by a decent amount otherwise people have no reason to even consider gpuc. look at blackcoin, marketing paid off HUGE. that coin wasn't worth shit not too long ago now it's 30000 satoshi. no magic voodoo here just good marketing and a community hellbent on success.
Marketing would be nice.
Their excuse now is that they do not have the money for advertising.
If they need liquidity to sell the coins they have stocked up they should sell at a discount rather than letting the company die.
It would mean taking a loss, but I would buy several million coins from them at a discount.
At least they would then have bitcoin which could be used to purchase more equipment.
I really hope they are thinking things through rather than operating blindly and randomly.
And really, the whole thing that happened the other day with market manipulation should have never happened. I was aware of the problem but just assumed GPUCoin had implemented some safeguard to prevent the price from rising too fast. (really easy to implement)
What can we do to ensure the survival of this coin?
People are giving up on the coin.
GPUCoin: What are your plans now? The news that you have not been selling the coins back to the market and now cannot purchase a new batch of GPUs is somewhat concerning. What are you going to do?
This coin can be saved. Something must be done.
Approach, do not avoid.
People are giving up on the coin.
GPUCoin: What are your plans now? The news that you have not been selling the coins back to the market and now cannot purchase a new batch of GPUs is somewhat concerning. What are you going to do?
This coin can be saved. Something must be done.
Approach, do not avoid.
marketing is everything, there needs to be a reason to use this coin which means the price on cards needs to beat tigerdirect and newegg by a decent amount otherwise people have no reason to even consider gpuc. look at blackcoin, marketing paid off HUGE. that coin wasn't worth shit not too long ago now it's 30000 satoshi. no magic voodoo here just good marketing and a community hellbent on success.
Is it dead?
At the rate it is going it will be dead soon.
The dev is arrogant or just does not care or else he would have made the more attempts to address the legitimate concerns made by people on this board.
The store just lost a lot of money due to a flaw in their system, yet despite the concerns of people on the board we have yet to get an update or hear from the owner about what the store is doing about it.
Anyone who continues to believe Jaymes is doing a good job is delusional.
So unless they seriously turn things around this coin is going to die.
GPUCoin: Please give us a status update with regards to the amount of inventory left, the approximate value of the GPUCoins the store has accumulated, and what the store is planning on doing next to ensure success.
And I really hope that problem with the market manipulation gets fixed. In terms of programming it is a one-day fix. I know because I am a programmer. It is like with the information page for the website. It should be done by now.
Is it dead?
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