[IPO] CoinPal - Crypto-Currency Exchange & Profit Switching Mining Pool {NEW} - page 25.

SamboNZ

sr. member

Activity: 1064

Merit: 253

Quote from: MrWDunne on May 22, 2014, 06:56:47 AM

If you're launching an exchange you have a lot of costs (I would know, check my signature).

We are not paying dividends currently because 100% of the profits are getting pumped into launching.

He has some mining gear which is what is currently generating the returns.

MrWDunne

sr. member

Activity: 322

Merit: 250

If you're launching an exchange you have a lot of costs (I would know, check my signature).

We are not paying dividends currently because 100% of the profits are getting pumped into launching.

SamboNZ

sr. member

Activity: 1064

Merit: 253

Quote from: MrWDunne on May 22, 2014, 05:14:42 AM

What yield did you get on that dividend?

Currently averaging ~200% PA, and that's without the missing dividends, so not too shabby really! Cheesy

Jacques21

sr. member

Activity: 350

Merit: 250

I love how this thing just keeps going. He pays you guys a dividend every once in a while and you just wait and see whats going to happen. If he was working on the exchange surely by now there would have been an update with some proof of some kind.

This thread is good entertainment though.

SamboNZ

sr. member

Activity: 1064

Merit: 253

Quote from: badpeanut on May 21, 2014, 05:35:47 AM

So what about the dividend between 20th April and 1st May. We didnt get any dividend and in his announcement on May 1st was

"I wanted to post this announcement first, and I will release a dividend tonight as well. I will discuss making up for the ones missed in the next post"

Either i have overlooked something or he never mention about the lost dividend again. He never gave a reason why the dividend was not paid to the share holders. The only reason the trading being halted on those dates were he mention there was a flawn in the exchange but that doesnt mean there is a flawn in the mining gear, right? So where is our dividend?

He should stop stalling and pay it today, its almost been a month now and the longer he wait the lesser the cut will be for the old investors. Because new investors join everyday and we have to split the dividend over more shares.

Yeah, I emailed him about this and got the following reply:

Quote

I know I will be making up for these missed dividends soon, sorry about it taking awhile. I am having to spend a large amount of my personal savings to get this up and going because the last developer did not refund any of the payments I made to him!

Sure, you can speculate that he is lying, but you can't prove it either, so I'm taking it at face value.

MrWDunne

sr. member

Activity: 322

Merit: 250

Quote from: GT3000 on May 21, 2014, 11:22:52 PM

Dividends paid, suckahs.

Because that means anything.

What yield did you get on that dividend?

Paying a dividend gets suckers like you to get off his back for a couple of weeks.

GT3000

full member

Activity: 129

Merit: 100

Dividends paid, suckahs.

badpeanut

sr. member

Activity: 341

Merit: 251

Karma is a Btc

Quote from: SamboNZ on May 21, 2014, 03:10:02 AM

Again, where's the hard proof that this is a scam?

So what about the dividend between 20th April and 1st May. We didnt get any dividend and in his announcement on May 1st was

"I wanted to post this announcement first, and I will release a dividend tonight as well. I will discuss making up for the ones missed in the next post"

Either i have overlooked something or he never mention about the lost dividend again. He never gave a reason why the dividend was not paid to the share holders. The only reason the trading being halted on those dates were he mention there was a flawn in the exchange but that doesnt mean there is a flawn in the mining gear, right? So where is our dividend?

He should stop stalling and pay it today, its almost been a month now and the longer he wait the lesser the cut will be for the old investors. Because new investors join everyday and we have to split the dividend over more shares.

SamboNZ

sr. member

Activity: 1064

Merit: 253

Again, where's the hard proof that this is a scam?

Zebedee23

legendary

Activity: 2086

Merit: 1001

Come on guys anything thinking Coinpal is anything other than a straight out scam is kidding themselves. I understand why, no1 wants to lose money/btcs. First of all learn a hard lesson here and atleast even though Ryan G is a scammer hes a crap one cause he didnt hide is identity, idiot!!! So now everyone knows who he is, where he lives, his famillies business so at the very least his name can be forever rubbed into the dirt and there is a very real possibility of recourse through legal action, how worth it it wld be is debatable, but if i were you id fucking do all i cld to get the cunt he shouldnt be able to get away with this shit and of all the many scams iv heard off this one there is a very good case to take this prick thief to the cleaners. Start hasling his dad loads and calling local media, and fuck saying his dad has nothing to do with it cause he does, Ryan G was working for him at the time , even used work computers. Get this cunt please! I hate scammers. My condolences to anyone who lost money in this! Also really cryptostocks should be notified that this is a straight up scam cause he is still selling shares like nothing has happened, scamming other people out of their hard earned bitcoins!

badpeanut

sr. member

Activity: 341

Merit: 251

Karma is a Btc

Ryan M. is right, if Coinpal ever gonna launch this Ryan G. cant be trust. If he is the partner of Americanbit that lost 50 btc over trading that he wasnt aloud for with investors money, im sure share holders of Coinpal are doomed for the future.

Tomorrow will be our 1st month anniversary of Coinpal launch Lips sealed

GT3000

full member

Activity: 129

Merit: 100

Quote from: RyanMilligan1 on May 16, 2014, 09:17:02 PM

Quote from: SamboNZ on May 16, 2014, 08:17:08 PM

Quote from: RyanMilligan1 on May 16, 2014, 07:37:35 PM

BadPeanut did the detective work to pull real evidence for you all, and you still trust Ryan Gay?

While there has certainly been some interesting information uncovered, there is not a single smoking gun amongst them. All we have is a bunch of facts which possibly relate to CoinPal's legitimacy in some way, but which, at the moment, can't be used to draw any kind of concrete conclusion with IMO.

It's in black and white, he is the registered owner. How many times does he need to put back launch because of X reason until you realise that you are being lied to yet again.

From our emails alone, I could tell he was a total, for lack of better phrase - 'Drama Queen'. That is what gave him away to begin with.

I wrote to him letting him know that I was the guy who had just bought a huge chunk of his business. Immediately I was bombarded by 3 or 4 emails in what seemed like a frantic ADHD type manner. When all I expected was a 'Welcome to coinpal. Here's how your investment will be used....'

I would love to see these emails.

MrWDunne

sr. member

Activity: 322

Merit: 250

Quote from: SamboNZ on May 16, 2014, 10:14:09 PM

Quote from: MrWDunne on May 16, 2014, 10:08:00 PM

Quote from: SamboNZ on May 16, 2014, 10:04:20 PM

Sure; my personal opinion, based on the research I've done and all the information I have to hand, is that there is a 75% chance that this is legit, and that's me being cautious.

75% legit or 75% scam?

Either way, this guy is not someone you want running an exchange. I doubt anyone would even use it after this debacle.

Anyhow, I need to get some sleep. I've watched far too much Fresh Meat ^{(no thats not porn)}

LOL, all that (non) porn must be making you blind too Tongue

, see highlighted text above

Edit: And you may well be correct, but I'm irrevocably committed now, so I guess all I can do is hold on for the ride Cheesy

I did read it correctly, but the number was so high I thought it was a typo.

Also, if you are bored it is an excellent show.

SamboNZ

sr. member

Activity: 1064

Merit: 253

Quote from: MrWDunne on May 16, 2014, 10:08:00 PM

Quote from: SamboNZ on May 16, 2014, 10:04:20 PM

Sure; my personal opinion, based on the research I've done and all the information I have to hand, is that there is a 75% chance that this is legit, and that's me being cautious.

75% legit or 75% scam?

Either way, this guy is not someone you want running an exchange. I doubt anyone would even use it after this debacle.

Anyhow, I need to get some sleep. I've watched far too much Fresh Meat ^{(no thats not porn)}

LOL, all that (non) porn must be making you blind too Tongue

, see highlighted text above

Edit: And you may well be correct, but I'm irrevocably committed now, so I guess all I can do is hold on for the ride Cheesy

MrWDunne

sr. member

Activity: 322

Merit: 250

Quote from: SamboNZ on May 16, 2014, 10:04:20 PM

Quote from: MrWDunne on May 16, 2014, 09:57:33 PM

Quote from: SamboNZ on May 16, 2014, 09:47:44 PM

Quote from: MrWDunne on May 16, 2014, 09:44:57 PM

Also the legal system doesn't say much, I'm a little confused as to why are you defending him?

I'm not defending anyone, I'm merely pointing out that we have no hard evidence of anything; be it a scam or a legitimate enterprise.

Okay, can you put some odds on this? (Not to make a bet, just opinion).

For me its 99% certain scam.

Sure; my personal opinion, based on the research I've done and all the information I have to hand, is that there is a 75% chance that this is legit, and that's me being cautious.

75% legit or 75% scam?

Either way, this guy is not someone you want running an exchange. I doubt anyone would even use it after this debacle.

Anyhow, I need to get some sleep. I've watched far too much Fresh Meat ^{(no thats not porn)}

SamboNZ

sr. member

Activity: 1064

Merit: 253

Quote from: MrWDunne on May 16, 2014, 09:57:33 PM

Quote from: SamboNZ on May 16, 2014, 09:47:44 PM

Quote from: MrWDunne on May 16, 2014, 09:44:57 PM

Also the legal system doesn't say much, I'm a little confused as to why are you defending him?

I'm not defending anyone, I'm merely pointing out that we have no hard evidence of anything; be it a scam or a legitimate enterprise.

Okay, can you put some odds on this? (Not to make a bet, just opinion).

For me its 99% certain scam.

Sure; my personal opinion, based on the research I've done and all the information I have to hand, is that there is a 75% chance that this is legit, and that's me being cautious.

MrWDunne

sr. member

Activity: 322

Merit: 250

Quote from: SamboNZ on May 16, 2014, 09:47:44 PM

Quote from: MrWDunne on May 16, 2014, 09:44:57 PM

Also the legal system doesn't say much, I'm a little confused as to why are you defending him?

I'm not defending anyone, I'm merely pointing out that we have no hard evidence of anything; be it a scam or a legitimate enterprise.

Okay, can you put some odds on this? (Not to make a bet, just opinion).

For me its 99% certain scam.

SamboNZ

sr. member

Activity: 1064

Merit: 253

Quote from: MrWDunne on May 16, 2014, 09:44:57 PM

Also the legal system doesn't say much, I'm a little confused as to why are you defending him?

I'm not defending anyone, I'm merely pointing out that we have no hard evidence of anything; be it a scam or a legitimate enterprise.

MrWDunne

sr. member

Activity: 322

Merit: 250

Quote from: SamboNZ on May 16, 2014, 09:40:41 PM

Quote from: MrWDunne on May 16, 2014, 09:28:00 PM

Quote from: SamboNZ on May 16, 2014, 09:26:40 PM

Quote from: RyanMilligan1 on May 16, 2014, 09:17:02 PM

Quote from: SamboNZ on May 16, 2014, 08:17:08 PM

Quote from: RyanMilligan1 on May 16, 2014, 07:37:35 PM

BadPeanut did the detective work to pull real evidence for you all, and you still trust Ryan Gay?

While there has certainly been some interesting information uncovered, there is not a single smoking gun amongst them. All we have is a bunch of facts which possibly relate to CoinPal's legitimacy in some way, but which, at the moment, can't be used to draw any kind of concrete conclusion with IMO.

It's in black and white, he is the registered owner. How many times does he need to put back launch because of X reason until you realise that you are being lied to yet again.

There is no dispute that he is the registered owner, what we can't confirm is whether his reasons for delaying the launch are legitimate or not. But that's all we have; unsubstantiated suspicions. There is no hard proof of anything.

Theres no hard proof that Mark Karpeles was a scammer, nor that TradeFortress was.

Correct, this is still going through the legal system. When all is done and dusted, THEN we will know if he is a scammer or not.

I'm not familiar with TradeFortress, so can't comment on that one.

TradeFortress was inputs.io, they were "hacked" and lost several thousand BTC. (Why would that be in a hotwallet?)

Also the legal system doesn't say much, I'm a little confused as to why are you defending him?

SamboNZ

sr. member

Activity: 1064

Merit: 253

Quote from: MrWDunne on May 16, 2014, 09:28:00 PM

Quote from: SamboNZ on May 16, 2014, 09:26:40 PM

Quote from: RyanMilligan1 on May 16, 2014, 09:17:02 PM

Quote from: SamboNZ on May 16, 2014, 08:17:08 PM

Quote from: RyanMilligan1 on May 16, 2014, 07:37:35 PM

BadPeanut did the detective work to pull real evidence for you all, and you still trust Ryan Gay?

While there has certainly been some interesting information uncovered, there is not a single smoking gun amongst them. All we have is a bunch of facts which possibly relate to CoinPal's legitimacy in some way, but which, at the moment, can't be used to draw any kind of concrete conclusion with IMO.

It's in black and white, he is the registered owner. How many times does he need to put back launch because of X reason until you realise that you are being lied to yet again.

There is no dispute that he is the registered owner, what we can't confirm is whether his reasons for delaying the launch are legitimate or not. But that's all we have; unsubstantiated suspicions. There is no hard proof of anything.

Theres no hard proof that Mark Karpeles was a scammer, nor that TradeFortress was.

Correct, this is still going through the legal system. When all is done and dusted, THEN we will know if he is a scammer or not.

I'm not familiar with TradeFortress, so can't comment on that one.

Topic: [IPO] CoinPal - Crypto-Currency Exchange & Profit Switching Mining Pool {NEW} - page 25. (Read 79978 times)