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Topic: MONEYPOT alternative discussion thread! no posting will be deleted - page 4. (Read 1692 times)

legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
The ONLY one you can trust is dooglus and JUST-DICE.

Thank you for your kind words. Much appreciated.

fully agree that one can trust dooglus but I would add RHavar to the trust list.

who else should be on this list?
legendary
Activity: 1330
Merit: 1000
I should have wrote it more clearly.  I meant to say it wasn't deleted to hide or pretend that it exists, but rather to keep the thread free of speculation on things we cannot comment on.

You seem to misspeak a LOT.  For example, when you said "ill not be commenting further." and then commented three more times in six hours.  Maybe it's time for someone else to be the public face of the company?

I commented on things that are away from the subject and were easy to clarify without misinterpretation .  But ok, I will stop posting entirely.
legendary
Activity: 2940
Merit: 1333
The ONLY one you can trust is dooglus and JUST-DICE.

Thank you for your kind words. Much appreciated.
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
Copy and pasting the entire conversation from the main thread.  I have an idea some or all of it may be deleted once the more intelligent members of the company wake up.  My thoughts under:


and who do you think are those more intelligent members of MP be? it is a one man show namely Dogedigital and he is far away from intelligent according his behavior and postings
legendary
Activity: 1330
Merit: 1000
I don't really think it's reasonable for them to delete my post and pretend it doesn't exist, so I've left them some trust feedback to make it visible.
It wasn't deleted to be hidden.  
This is a ridiculous response.

I've edited down the posts to make it easier to be read.

I have no horse in this race, but it makes no sense to delete a post and then say "It wasn't deleted to be hidden"  

Why else would you delete the post?  You deleted it because you didn't want other people to read it.

I should have wrote it more clearly.  I meant to say it wasn't deleted to hide or pretend that it exists, but rather to keep the thread free of speculation on things we cannot comment on.
newbie
Activity: 13
Merit: 0
So, if MP Legacy only sold its assets MonsterByte, what happened to the payments MonsterByte made to MP? If the company has any liabilities, any proceeds from the sale of assets should go towards those liabilities rather than to the owners - that's just corporate law works, even in Costa Rica I'm pretty sure. In this case, especially, because the debt had been called prior to the asset sale, meaning MP has an obligation to direct any proceeds from the sale to the owner of their liabilities. Anything else is pretty much just embezzlement...

The merger deal is for equity swapped.  Moneypot legacy is using the income gained from the equity to pay for things such as debt tokens, support for R2B2 in the future, and increased development of Moneypot.  No direct payments were made to the owners.

To add to this, Keeth is correct - there hasn't been any transfer of money to MoneyPot, and it's important to note that we haven't closed the deal yet. The potential deal we have in place is development and marketing support to help MoneyPot realize their vision, as well as restricted equity in Monster Byte assuming certain conditions were made throughout 2018.

Contingent upon our deal was that the old MoneyPot team would make realistic arrangements to settle all their previous liabilities from future revenue of the MoneyPot platform, and solve the Rubies token situation. The proposal that Keeth put out there seemed realistic and in the best interests of anyone that had a vested interest in MoneyPot fixing this situation and moving on under the Monster Byte umbrella. The alternative is that they would fold operations and everyone is left with nothing.

However, there was a legal claim presented in the Canada courts that we need to see through before we move any further. It's unfortunate as I believe we were making some good progress on foundational items, but we (Monster Byte) will need to see how that case ends up before we officially close the deal with MoneyPot.

This thread isn't helping matters, and anything can (and most certainly will) be used in the court system - so this is the last I'm writing publicly on this matter until it's resolved.



 

Sounds like casinobitcoin did a deal with moneypot, with good intentions.  But why would a company like moneypot, who is clearly in need of money since they are selling there site, even bother to repay debts owed?  They are off the hook now.

The part that confuses me is:
Contingent upon our deal was that the old MoneyPot team would make realistic arrangements to settle all their previous liabilities from future revenue of the MoneyPot platform

That is very vague, and I imagined the conversation with casinobitcoin and moneypot went as follows:

casinobitcoin:  hi we want to purchase your site
moneypot:  ok, you see that we're in debt and owe well over 100 Bitcoin.  You sure you want to buy our company even with our shady past and bad reputation?
casinobitcoin: Sure do, just as long as you make realistic arrangements to pay your debt before you skip down.  Oh, and you must solve the Rubies situation.  Whatever that means.  You promise to do that?
moneypot:  no problem, we will definitely pay everyone back.  You have nothing to worry about!  Forget our bad past, you've got yourself a deal!  Thanks suckers!

I bet the poor man owed 100 Bitcoin along with everyone else will never see a penny of it.  It just doesn't seem like moneypot has the funds. 
And casinobitcoin isnt going to pick up the tab.  So who will?

   
legendary
Activity: 2030
Merit: 1189
Copy and pasting the entire conversation from the main thread.  I have an idea some or all of it may be deleted once the more intelligent members of the company wake up.  My thoughts under:

Maidenvoyage was looking to withdraw ~109 Bitcoin from Moneypot to buy into the BetKing ICO back in June/July 2017.

Moneypot didn't let him withdraw and forced him to remain invested in Moneypot with the promise that if Moneypot didn't earn enough profit from player losses to pay back Maidenvoyage the full amount he lost (31 btc?) since investing in Moneypot that they would pay this amount from their own pocket.

If they didn't have 31 BTC then it was obvious that a site with no traffic would not generate enough profit to pay that back or that you could pay out of your own pocket with the huge increase in Bitcoin price from July to December.

It's now February and Moneypot didn't make enough profit to pay back Maidenvoyage and they haven't paid out of their own pocket either.

Since July Moneypot tried to do an ICO, presumabley this was the plan to raise the funds to pay back Maidenvoyage by December, but it failed to raise the amount needed and was cancelled.

Then there was the merge with MonsterByte that again, I assumed would pay Maidenvoyage his losses with the funds they raised in their own ICO but that doesn't seem to be the case and it looks like MonsterByte might not even own or want to work with MoneyPot now.

I can't see how Moneypot can ever recoup 140 Bitcoin to pay back Maidenvoyage, certainly not by some debt token for a site with no traffic.

I think that Moneypot should send all Bitcoin they own to an address and sign a message proving they own the funds.
If they don't want to make the address public for whatever reason I, Ryan or dooglus can verify the signature and at least Maidenvoyage can get an idea of the maximum he might be able to recoup based on the reserves Moneypot has.

Everything correct and a solution here "in the forum" of any kind surely might be welcome and more effective. Until then I prosecute MP through the legal system for this colossal loss and embezzlement.

We will not be finding a 'solution' over the forum.  We plan to follow the procedures already in place and look forward to having all the relevant events and details to be heard and decided on by the appropriate channels.  


So they either didn't have the money, or didn't want to part with the money because it would leave their house bankroll crippled.  If we look at the best case scenario...they still stonewalled the guy, lied to him about repayment, and gave him a worse deal than they gave every other investor (remember, every other investor got a 6% bonus in addition to "debt tokens" that theoretically were supposed to compensate them for the loss they suffered from their investment).  That's pretty bad.  The fact that they still haven't given him his money back is even worse.

Again, this isn't bonus money, theoretical equity, repayment of losses that were suffered fairly.  This is money that he invested and was left over AFTER the losses.

And after MP made profit from that investment.

Where is the money?  Why has it not been paid back?  This is money that was supposed to be sitting in cold storage somewhere that MP had no right to touch except to pay out winners if the overall bankroll took a loss.  The 100BTC was money still left in the bankroll.

Where is it?
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
These comments will probably be used in court, so I won't use my real username. FUCK DOGEDIGITAL, I want to speculate too!  Let's take a second to reflect on the fact that jackpotracer's comments are going to be referenced in court.  The judge is going to think he is MENTALLY CHALLENGED. HA!


So let me join all of you in this TRIAL.  This is bitcoin country, fuck the real legal system lol.


IF moneypot straight up fleeced this guy, they deserve to burn in court.  Will they?  Probably not.  Not your private keys, not your bitcoin.  I'm sure the bitcoin world will find a way to make it happen though (DARK MARKETS ANYONE?).  Hope they get shot.  All the moneypot owners lives are going to be ruined regardless.  ALSO where are they all?  Weren't there like 4 guys?  I only see dogedigital.


WHY did maidenvoyage decide to sue instead of just asking to divest in public the first time?  He said that there was no deal so WHAT is he going on... the site's terms that are designed to FUCK YOU? LOL. GOOD LUCK with that. 


IF this is true, how FUCKING DUMB are they to think that this wouldn't come out eventually if they didn't pay?  AND if they had no intentions of paying, WHY would they go through all this trouble of doing a merger and continue making a new site?  IF I had no intention of paying, I would just say FUCK ALL OF YOU and shut the site down.


DONT INVEST in ANY BANKROLLS if you don't hold your own private keys.  ITS NOT THAT HARD.  Casino owners are ALL SHADY.  Dogedigital tip-toes around everything and yells SPECULATION all the time when he has NO ANSWERS. Look at betking.  He raised like 10 million dollars, pocketed 5 himself and made everyone LOSE 50% of their bitcoin investment in a few months.  Let me REPEAT. 10 MILLION DOLLARS.  And he has LESS players than moneypot online.  And he ONLY has like 3 times as much bitcoin bet in 2018 as moneypot.  IF I was him, I would just say FUCK ALL OF YOU AND THANK YOU FOR ALL YOUR MONEY and shut the site down.  The ONLY one you can trust is dooglus and JUST-DICE.


IF it turns out that maidenvoyage is hiding something or lying, everyone is going to get SCREWED because of US lol.  IT'S FUCKING IRONIC HAHAHHA.  The damage is already done now and BLOOD will be on EVERYONES hands here for joining the pitchfork crew (should have used an ALT LOL).  WHO CARES THOUGH? That's what casino owners and degenerate gamblers DESERVE anyways.


Most likely scenario is that moneypot DIDN'T PAY maidenvoyage a CENT and is trying BADLY to cover it up and move on like it didn't happen.  Maybe maiden isn't telling the truth BUT it's unlikely BECAUSE there are 10 PEOPLE here saying it is TRUE.


Whoever wins, I just pray that they cost each other hundreds of thousands of dollars in legal costs. FUCKING IDIOTS.


it was actually easy to speculate who you are Smiley

thx for your posting and opinion.

Maidenvoyage is for real!! ( he was fucked as for now)

Dogedigital is a SCAMMER who fucked Maidenvoyage and many others like me ( 4 BTC )

who are the other 3 MP owners?

Ranlo
AcoinL aka Rango aka Blacksheep and more

thats all I know so there is no 4th one

you said "Fucking Idiots" who are those?


newbie
Activity: 1
Merit: 10
These comments will probably be used in court, so I won't use my real username. FUCK DOGEDIGITAL, I want to speculate too!  Let's take a second to reflect on the fact that jackpotracer's comments are going to be referenced in court.  The judge is going to think he is MENTALLY CHALLENGED. HA!


So let me join all of you in this TRIAL.  This is bitcoin country, fuck the real legal system lol.


IF moneypot straight up fleeced this guy, they deserve to burn in court.  Will they?  Probably not.  Not your private keys, not your bitcoin.  I'm sure the bitcoin world will find a way to make it happen though (DARK MARKETS ANYONE?).  Hope they get shot.  All the moneypot owners lives are going to be ruined regardless.  ALSO where are they all?  Weren't there like 4 guys?  I only see dogedigital.


WHY did maidenvoyage decide to sue instead of just asking to divest in public the first time?  He said that there was no deal so WHAT is he going on... the site's terms that are designed to FUCK YOU? LOL. GOOD LUCK with that. 


IF this is true, how FUCKING DUMB are they to think that this wouldn't come out eventually if they didn't pay?  AND if they had no intentions of paying, WHY would they go through all this trouble of doing a merger and continue making a new site?  IF I had no intention of paying, I would just say FUCK ALL OF YOU and shut the site down.


DONT INVEST in ANY BANKROLLS if you don't hold your own private keys.  ITS NOT THAT HARD.  Casino owners are ALL SHADY.  Dogedigital tip-toes around everything and yells SPECULATION all the time when he has NO ANSWERS. Look at betking.  He raised like 10 million dollars, pocketed 5 himself and made everyone LOSE 50% of their bitcoin investment in a few months.  Let me REPEAT. 10 MILLION DOLLARS.  And he has LESS players than moneypot online.  And he ONLY has like 3 times as much bitcoin bet in 2018 as moneypot.  IF I was him, I would just say FUCK ALL OF YOU AND THANK YOU FOR ALL YOUR MONEY and shut the site down.  The ONLY one you can trust is dooglus and JUST-DICE.


IF it turns out that maidenvoyage is hiding something or lying, everyone is going to get SCREWED because of US lol.  IT'S FUCKING IRONIC HAHAHHA.  The damage is already done now and BLOOD will be on EVERYONES hands here for joining the pitchfork crew (should have used an ALT LOL).  WHO CARES THOUGH? That's what casino owners and degenerate gamblers DESERVE anyways.


Most likely scenario is that moneypot DIDN'T PAY maidenvoyage a CENT and is trying BADLY to cover it up and move on like it didn't happen.  Maybe maiden isn't telling the truth BUT it's unlikely BECAUSE there are 10 PEOPLE here saying it is TRUE.


Whoever wins, I just pray that they cost each other hundreds of thousands of dollars in legal costs. FUCKING IDIOTS.
legendary
Activity: 1330
Merit: 1000
So, if MP Legacy only sold its assets MonsterByte, what happened to the payments MonsterByte made to MP? If the company has any liabilities, any proceeds from the sale of assets should go towards those liabilities rather than to the owners - that's just corporate law works, even in Costa Rica I'm pretty sure. In this case, especially, because the debt had been called prior to the asset sale, meaning MP has an obligation to direct any proceeds from the sale to the owner of their liabilities. Anything else is pretty much just embezzlement...

The merger deal is for equity swapped.  Moneypot legacy is using the income gained from the equity to pay for things such as debt tokens, support for R2B2 in the future, and increased development of Moneypot.  No direct payments were made to the owners.
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
here we go again and another posting of mine deleted by Dogedigital the SCAMMER

A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
Quote from: BetKing.io on Today at 01:28:17 PM
Maidenvoyage was looking to withdraw ~109 Bitcoin from Moneypot to buy into the BetKing ICO back in June/July 2017.

Moneypot didn't let him withdraw and forced him to remain invested in Moneypot with the promise that if Moneypot didn't earn enough profit from player losses to pay back Maidenvoyage the full amount he lost (31 btc?) since investing in Moneypot that they would pay this amount from their own pocket.

If they didn't have 31 BTC then it was obvious that a site with no traffic would not generate enough profit to pay that back or that you could pay out of your own pocket with the huge increase in Bitcoin price from July to December.

It's now February and Moneypot didn't make enough profit to pay back Maidenvoyage and they haven't paid out of their own pocket either.

Since July Moneypot tried to do an ICO, presumabley this was the plan to raise the funds to pay back Maidenvoyage by December, but it failed to raise the amount needed and was cancelled.

Then there was the merge with MonsterByte that again, I assumed would pay Maidenvoyage his losses with the funds they raised in their own ICO but that doesn't seem to be the case and it looks like MonsterByte might not even own or want to work with MoneyPot now.

I can't see how Moneypot can ever recoup 140 Bitcoin to pay back Maidenvoyage, certainly not by some debt token for a site with no traffic.

I think that Moneypot should send all Bitcoin they own to an address and sign a message proving they own the funds.
If they don't want to make the address public for whatever reason I, Ryan or dooglus can verify the signature and at least Maidenvoyage can get an idea of the maximum he might be able to recoup based on the reserves Moneypot has.



thx for sharing  (very important )

Moneypot is insolvent! if they would be solvent they would long ago be proud to prove their solvency, easy as that. Monsterbyte even confirmed that the deal is not yet done

Dogedigital this is not a speculation so no reason to delete my posting.

by the way there are more Investors out there who are waiting of their compensation. it is not only Maidenvoyage (maybe he has the highest amount to get)
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
I'll post here to avoid the speculation rule


Maidenvoyage was looking to withdraw ~109 Bitcoin from Moneypot to buy into the BetKing ICO back in June/July 2017.

Moneypot didn't let him withdraw and forced him to remain invested in Moneypot with the promise that if Moneypot didn't earn enough profit from player losses to pay back Maidenvoyage the full amount he lost (31 btc?) since investing in Moneypot that they would pay this amount from their own pocket.

If they didn't have 31 BTC then it was obvious that a site with no traffic would not generate enough profit to pay that back or that you could pay out of your own pocket with the huge increase in Bitcoin price from July to December.

It's now February and Moneypot didn't make enough profit to pay back Maidenvoyage and they haven't paid out of their own pocket either.

Since July Moneypot tried to do an ICO, presumabley this was the plan to raise the funds to pay back Maidenvoyage by December, but it failed to raise the amount needed and was cancelled.

Then there was the merge with MonsterByte that again, I assumed would pay Maidenvoyage his losses with the funds they raised in their own ICO but that doesn't seem to be the case and it looks like MonsterByte might not even own or want to work with MoneyPot now.

I can't see how Moneypot can ever recoup 140 Bitcoin to pay back Maidenvoyage, certainly not by some debt token for a site with no traffic.

I think that Moneypot should send all Bitcoin they own to an address and sign a message proving they own the funds.
If they don't want to make the address public for whatever reason I, Ryan or dooglus can verify the signature and at least Maidenvoyage can get an idea of the maximum he might be able to recoup based on the reserves Moneypot has.

So that part I don't get, is what happened to the rest of guys money? So let's forget about the ~31 bitcoin of "investing loss" (be it by over-leverage, or related to the drama of not revoking db access to the former dev) and it's understandable that they could never recover that even despite their best efforts. But surely at the very least they can give him at least 100 of those bitcoin back, and an IOU for the rest?

that is exactly the point. what did they do with the 100 BTC of Maidenvoyage? they didnt answer this question and it is obvious that the 100 BTC somehow disappeared without any reasonable explanation. this happened IMO long ago
legendary
Activity: 1330
Merit: 1000
Please stop.  You are trying to twist things and give them different meanings.  I and Moneypot can't and won't be commenting on these things.  Stop speculating please. 

I'm not completely caught up on what's going here, but are you refusing to clarify your statement and asking people not to speculate? 

The only other choice is to just try not to think about it, which obviously isn't going to happen.

Not asking people to not think about it.  Just not to speculate and post what they think happened.  It needs to be handled by the appropriate channels, and until that has happened, we cannot comment on the situation.
legendary
Activity: 1463
Merit: 1886
I'll post here to avoid the speculation rule


Maidenvoyage was looking to withdraw ~109 Bitcoin from Moneypot to buy into the BetKing ICO back in June/July 2017.

Moneypot didn't let him withdraw and forced him to remain invested in Moneypot with the promise that if Moneypot didn't earn enough profit from player losses to pay back Maidenvoyage the full amount he lost (31 btc?) since investing in Moneypot that they would pay this amount from their own pocket.

If they didn't have 31 BTC then it was obvious that a site with no traffic would not generate enough profit to pay that back or that you could pay out of your own pocket with the huge increase in Bitcoin price from July to December.

It's now February and Moneypot didn't make enough profit to pay back Maidenvoyage and they haven't paid out of their own pocket either.

Since July Moneypot tried to do an ICO, presumabley this was the plan to raise the funds to pay back Maidenvoyage by December, but it failed to raise the amount needed and was cancelled.

Then there was the merge with MonsterByte that again, I assumed would pay Maidenvoyage his losses with the funds they raised in their own ICO but that doesn't seem to be the case and it looks like MonsterByte might not even own or want to work with MoneyPot now.

I can't see how Moneypot can ever recoup 140 Bitcoin to pay back Maidenvoyage, certainly not by some debt token for a site with no traffic.

I think that Moneypot should send all Bitcoin they own to an address and sign a message proving they own the funds.
If they don't want to make the address public for whatever reason I, Ryan or dooglus can verify the signature and at least Maidenvoyage can get an idea of the maximum he might be able to recoup based on the reserves Moneypot has.

So that part I don't get, is what happened to the rest of guys money? So let's forget about the ~31 bitcoin of "investing loss" (be it by over-leverage, or related to the drama of not revoking db access to the former dev) and it's understandable that they could never recover that even despite their best efforts. But surely at the very least they can give him at least 100 of those bitcoin back, and an IOU for the rest?
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
quoted from the main thread incase it is deleted

Maidenvoyage was looking to withdraw ~109 Bitcoin from Moneypot to buy into the BetKing ICO back in June/July 2017.

Moneypot didn't let him withdraw and forced him to remain invested in Moneypot with the promise that if Moneypot didn't earn enough profit from player losses to pay back Maidenvoyage the full amount he lost (31 btc?) since investing in Moneypot that they would pay this amount from their own pocket.

If they didn't have 31 BTC then it was obvious that a site with no traffic would not generate enough profit to pay that back or that you could pay out of your own pocket with the huge increase in Bitcoin price from July to December.

It's now February and Moneypot didn't make enough profit to pay back Maidenvoyage and they haven't paid out of their own pocket either.

Since July Moneypot tried to do an ICO, presumabley this was the plan to raise the funds to pay back Maidenvoyage by December, but it failed to raise the amount needed and was cancelled.

Then there was the merge with MonsterByte that again, I assumed would pay Maidenvoyage his losses with the funds they raised in their own ICO but that doesn't seem to be the case and it looks like MonsterByte might not even own or want to work with MoneyPot now.

I can't see how Moneypot can ever recoup 140 Bitcoin to pay back Maidenvoyage, certainly not by some debt token for a site with no traffic.

I think that Moneypot should send all Bitcoin they own to an address and sign a message proving they own the funds.
If they don't want to make the address public for whatever reason I, Ryan or dooglus can verify the signature and at least Maidenvoyage can get an idea of the maximum he might be able to recoup based on the reserves Moneypot has.



thx for the explanation (very important) and for posting it also here.
legendary
Activity: 1400
Merit: 1021
quoted from the main thread incase it is deleted

Maidenvoyage was looking to withdraw ~109 Bitcoin from Moneypot to buy into the BetKing ICO back in June/July 2017.

Moneypot didn't let him withdraw and forced him to remain invested in Moneypot with the promise that if Moneypot didn't earn enough profit from player losses to pay back Maidenvoyage the full amount he lost (31 btc?) since investing in Moneypot that they would pay this amount from their own pocket.

If they didn't have 31 BTC then it was obvious that a site with no traffic would not generate enough profit to pay that back or that you could pay out of your own pocket with the huge increase in Bitcoin price from July to December.

It's now February and Moneypot didn't make enough profit to pay back Maidenvoyage and they haven't paid out of their own pocket either.

Since July Moneypot tried to do an ICO, presumabley this was the plan to raise the funds to pay back Maidenvoyage by December, but it failed to raise the amount needed and was cancelled.

Then there was the merge with MonsterByte that again, I assumed would pay Maidenvoyage his losses with the funds they raised in their own ICO but that doesn't seem to be the case and it looks like MonsterByte might not even own or want to work with MoneyPot now.

I can't see how Moneypot can ever recoup 140 Bitcoin to pay back Maidenvoyage, certainly not by some debt token for a site with no traffic.

I think that Moneypot should send all Bitcoin they own to an address and sign a message proving they own the funds.
If they don't want to make the address public for whatever reason I, Ryan or dooglus can verify the signature and at least Maidenvoyage can get an idea of the maximum he might be able to recoup based on the reserves Moneypot has.















legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed


The merger deal is for equity swapped.  Moneypot legacy is using the income gained from the equity to pay for things such as debt tokens, support for R2B2 in the future, and increased development of Moneypot.  No direct payments were made to the owners.

To add to this, Keeth is correct - there hasn't been any transfer of money to MoneyPot, and it's important to note that we haven't closed the deal yet.

hmmm no transfer of any money and you guys havent close the deal yet. that means Dogedigital lied as always because what income old MP owners will have to pay the promised compensations to the Investors?

Quote
Contingent upon our deal was that the old MoneyPot team would make realistic arrangements to settle all their previous liabilities from future revenue of the MoneyPot platform, and solve the Rubies token situation. The proposal that Keeth put out there seemed realistic and in the best interests of anyone that had a vested interest in MoneyPot fixing this situation and moving on under the Monster Byte umbrella. The alternative is that they would fold operations and everyone is left with nothing.

situation right now for us Investors is that we received nothing so same as they would fold!

Quote
However, there was a legal claim presented in the Canada courts that we need to see through before we move any further. It's unfortunate as I believe we were making some good progress on foundational items, but we (Monster Byte) will need to see how that case ends up before we officially close the deal with MoneyPot.

for me it looks like you only now got knowledge of the court claim in Canada and this through our discussions. hmm and you didnt see through the court case yet to move any further? sorry but this stinks
[/quote]

Quote
This thread isn't helping matters, and anything can (and most certainly will) be used in the court system - so this is the last I'm writing publicly on this matter until it's resolved.

now you are talking like Keeth instead of helping them and us the Investors and RBIES holders to clear the matter and start to be Transparent

how about a new start and please give us a straight forward explanation how this deal will be handled from your side?
hero member
Activity: 994
Merit: 502
So, if MP Legacy only sold its assets MonsterByte, what happened to the payments MonsterByte made to MP? If the company has any liabilities, any proceeds from the sale of assets should go towards those liabilities rather than to the owners - that's just corporate law works, even in Costa Rica I'm pretty sure. In this case, especially, because the debt had been called prior to the asset sale, meaning MP has an obligation to direct any proceeds from the sale to the owner of their liabilities. Anything else is pretty much just embezzlement...

The merger deal is for equity swapped.  Moneypot legacy is using the income gained from the equity to pay for things such as debt tokens, support for R2B2 in the future, and increased development of Moneypot.  No direct payments were made to the owners.

To add to this, Keeth is correct - there hasn't been any transfer of money to MoneyPot, and it's important to note that we haven't closed the deal yet. The potential deal we have in place is development and marketing support to help MoneyPot realize their vision, as well as restricted equity in Monster Byte assuming certain conditions were made throughout 2018.

Contingent upon our deal was that the old MoneyPot team would make realistic arrangements to settle all their previous liabilities from future revenue of the MoneyPot platform, and solve the Rubies token situation. The proposal that Keeth put out there seemed realistic and in the best interests of anyone that had a vested interest in MoneyPot fixing this situation and moving on under the Monster Byte umbrella. The alternative is that they would fold operations and everyone is left with nothing.

However, there was a legal claim presented in the Canada courts that we need to see through before we move any further. It's unfortunate as I believe we were making some good progress on foundational items, but we (Monster Byte) will need to see how that case ends up before we officially close the deal with MoneyPot.

This thread isn't helping matters, and anything can (and most certainly will) be used in the court system - so this is the last I'm writing publicly on this matter until it's resolved.



 

If indeed it was just equity swapped, how exactly is it being used to pay for tokens and R2B2? Where was the equity sold to raise this capital? Is there a token, or are there any actual legal contracts showing transfer of assets and payment in equity?
legendary
Activity: 1330
Merit: 1000
Please stop.  You are trying to twist things and give them different meanings.  I and Moneypot can't and won't be commenting on these things.  Stop speculating please.  

if I am saying that DD is a Scammer is that a speculation or a fact? I am saying it is a fact and you are a stupid Scammer and RHavar was absolutely right to call you a clown and now he is right to call you a Scammer!

DarkDays should also give you some red trust and more users should join in to give you red trust and stop you to scam more users here

That is not a fact.  Those are unnecessary insults and accusations.  Please stop.

edit; I will not be commenting further.  I do not deserve these constant personal attacks on my character.  No one here knows the full story on everything involved.  We can't comment on it.  So please stop speculating and please stop with the insults and accusations.
legendary
Activity: 2030
Merit: 1189
I should have wrote it more clearly.  I meant to say it wasn't deleted to hide or pretend that it exists, but rather to keep the thread free of speculation on things we cannot comment on.

You seem to misspeak a LOT.  For example, when you said "ill not be commenting further." and then commented three more times in six hours.  Maybe it's time for someone else to be the public face of the company?
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