So what their saying is they dropped their project fucked every customer off to gain even tho their making claims that they where in negative figures. Find that hard to believe if their working on other projects and more software projected and aiming at with their current project. Sounds more to me used it as a way to feed other project make bull shit up and shaft everyone in the process of it. Once got enough findings put together am sure will be hearing from my legal representatives at recovering my funds put into it and also fees added on top due to them causing me to lose out. Right now just on the gathering information and also finding out is what in terms of grounds I have to submit a case against them.
http://www.asx.com.au/asxpdf/20140930/pdf/42sl7g0b8y66m4.pdf
Translated (by example):
"Hello, prospective investors. We're new to this space, but due to our track record which is an open book, I'm sure you'll agree that we'll have no problem making any shareholders happy.
Here's our plan.
Give us your money, and we'll make widgets.
Hello, everybody. Here's our report.
We've made 7,200 widgets, sold them all, and put the net amount in our back, now having one of the largest bank deposit in all of Australia.
Oopsies! We's operated at a lost, but these things happens as you savvy Investards well know.
Meanwhile, we're getting out of the widget business, and back into the SMS business, but instead of sending text, you'll be sending moneys around the world, which we'll be the entity in the middle making it all happen.
Here's how it'll work.
There are over seven billion people on the planet, and they all love money. But, some are in countries that don't have much per capital. That's where you and I come in. Send me your money and I will send it to those who have a hard time getting money, taking a very small cut for providing the - let's call it remittance - service.
We've already starting building the hardware and software using moneys from our failed widget business. Did I mention we sold 7,200 of them things during the first three months?
God speed!"
BTW, that $4M cash investment mentioned in the pic above to procure miners is bullshit because they got the miners free from BitFury, paying them later via payments, ergo no up-front moneys there.
And, you'll love the part where DirectBTC/X is now hooked up with the CoinX exchange to facilitate their current venture.
You'll also love the part where Alex[ander] Karis is a con artist from way back.
Apologies if this post pissed you off so much that you won't be able to jack off for a couple days due to being too depressed, but be happy to learnt I picked up your slack when I uncovering the news that crypto-themed periodicals continue to fail to cover. HAHAHA
One more thing: Supposedly, DirectBTC had $300K+ USD on Mt Gox, so they used that amount as an asset when seeking funding for their new business. I say that if they tried hard enough, they could of found dead relatives who invested in tulips and are still awaiting a return, declaring any expenditure there also as an asset.
