Topic: [SYS] SYSCOIN [Unofficial] - Due to censorship & secrecy on Official thread. - page 4. (Read 21682 times)

Good question - that's what I want to know too.


Utter garbage. If Chris Marsh actually told you that then he's lying to you & everyone else & here's why. If that statement were true then those losses would show on their financial reports as well as on BCF reports. Tiller Resources Ltd. was acquired by Blockchain Foundry on May 3, 2018 & there is NOTHING about any supposed losses on any financial report either from Tiller or BCF. That means either Tiller & BCF hid those fairy tale losses from the auditor or they never existed in the first place - either way, he's lying.

Why are you even trying to explain BCF financial train wreck anyway? You're a dev, not the CFO - that's Chris Marsh's job. He's already lied to everyone here about his actions/lies regarding Peermountain & Syscoin censorship & now you want us to believe a quote you typed up yourself "from him" as some kind of factual proof? It means nothing.
Tell him to come here & post himself, then he can provide some actual, real & solid proof that this $12+ million deficit that has magically appeared out of thin air is real & can show us where it came from. But he won't, because he knows that he has been caught lying & has been hiding ever since he was found out.

Are you seriously trying to tell us that Syscoin acquired Tiller knowing that they were in debt by $12+ million? Really? That's some track record Chris Marsh has got then - first he instantly puts Syscoin in millions of $'s of debt, then he partners Syscoin with a proven scam company like Peermountain.

Wake up sidhujag. He's f*cking lying to you & everyone.

Ive asked him multiple times yes. We only raised $5 million how can there possibly be 11.5m of debt we didn't borrow anything. Look at the balance sheets it clearly shows assets are offsetting liabilities minus dev costs. I will ask him again and get a direct answer on that quote.

Edit: here is the response just like I thought:

"It’s a combination of Tiller’s existing losses when we took over the shell, plus our actual cash outlays plus any non cash expenses like stock option grants etc"

@sidhujag: Not in debt? Who are you kidding? Did you even read what the BCF auditor wrote:


You spoke to Chris Marsh? Where has he been hiding? So the chief financial officer of BCF is saying that the official audit is wrong and you believe him? Why is his signature on it then?

Did you also ask him why Syscoin have splashed the Peermountain scammers all over their website? I mean, who the f*ck are gonna invest in a platform that partners with & advertises known scammers on their webpage?
Then again, there's no point in asking him, because according to him, he wasn't even aware of them - what does he know - he's only the chief financial officer. I doubt he could count to 12, let alone 12 million.

there is not debt, bcf owes no debt it raised $5 million and most of that went towards developing syscoin, as for q1 thats on me, im the developer not danosphere hes more on management side, and you can check github on my activity its all open source and you can track how many hours I put in, more than you can count.

Its going good though, either way I'm going to fulfill my promise to bring real innovation to this space and make a difference. Again theres no debt, any numbers your seeing are offset by some type of asset, its likely just something from the RTO with Tiller. I've asked Chris about this myself and there is nothing about any sort of debt we owe, we raised money and have no liabilities. So not sure how you can pick a number but not look at the positive side of the balance side to see the offset!

I doubt it very much, the only promise danosphere can keep is getting his business into millions of $'s of debt. A month has passed since their last financial train wreck was published, so I reckon that's another million of debt added, probably over $13 million now.

Good grief.

Let's see if danosphere can keep his sys4 in Q1 "promise" 

I have created this thread for SYS users who are censored on the official BCFN/SYS thread & it is self-moderated simply to stop spammers & shills like yourself. All legitimate posts are welcome & will not be deleted.

Haha!! That's relevant - in a fun kind of way.....

I can understand why they don't feel like laughing though, if I was over $12 million in debt & my business was losing vast amounts of cash - nothing could make me laugh......

Yeah - they deleted my congratulatory post:


I'm surprised it stayed up so long, it took them a good few hours to censor it.

@Icon: You can delete it if you don't think it's relevant to this thread - I'm OK with it.

That's no surprise.

Any Syscoin user who has their posts deleted from the BCFN thread are more than welcome to post them here (if they are relevent) - I'd be interested to see what they were, as I don't read the BCFN thread anymore so didn't see them.

I'm struggling to understand how such a massive deficit could have gone unnoticed TBH. I mean, I was more than a little concerned when I found out they were in the red by $3 million a few months ago, but to see the debt quadruple in such a short space of time is bewildering to say the least - how can that happen so suddenly? It's not like it's a bit of loose change - it's a staggering amount of money. If I were still a SYS holder I would be majorly worried right now, nobody is going to buy into the BCFN shitoken in the knowledge that they are in so much debt, which leaves SYS holders liable for this unholy BCF f*ck-up.

Syscoin users need to start asking some serious questions - good luck with that, history has shown us that they don't particularly like being asked questions.

HOLY SH*T!!!

Over $12 MILLION?!!!

They are so screwed. There's no way back from this for them now with the current market. At least we now know what they learned from Peermountain - how to screw everyone over.....lol

Keep an eye on the masternode count folks, it'll be dropping fast any moment now....the way of the shitcoin masternode scam.

UPDATE:

The latest financial reports for Blockchain Foundry Inc have been released on 1st March - it's eye watering how much debt they are now in. Their previous deficit has grown from the previous $2,505,196 to a staggering $12,315,218 and a comprehensive loss of $801,878!!

Source:  https://webfiles.thecse.com/sedar_filings/00031166/1903011327221843.pdf

Quote from their Auditor BDO on 29th January 2019:


 Source:  https://webfiles.thecse.com/sedar_filings/00031166/1901291610150661.pdf

Meaning that every month Blockchain Foundry Inc. are piling on another $1 million to their deficit while also making a loss.

That's outstanding. What a great job they're doing. Wonderful to know that SYS is in such capable hands......

Just waiting for them to cash out all their masternodes & dump....Peermountain style.

No wonder Christopher Marsh is still hiding.

I can't believe that none of unpaid/scammed Peermountain bounty hunters have opened a scam accusation against them tbh - it would certainly help get some answers from their "partners" at Syscoin......

Another disguntled/scammed/unpaid Peermountain victim:

I wonder if he'll answer any questions about the censorship on the Syscoin thread, the partnership with the Peermountain scam or the refusal of Mr Marsh (techo051) to answer any questions about them.......

From the Peermountain thread:

I presume he was refering to the BCFN shitcoin, because that's the only coin they're interested in now.

Looking at those latest two dumps, the first one coinsides with the release of Blockmarket 3.2.0 & the second coinsides with the ARCHOS announcement - bit strange......or not maybe.

From the Peermountain thread: 


They're still shilling for investards by the looks of it.

And another deleted:



Reading through that post, I found the second question quite unusual:


PeerMountain?

Is no one at Syscoin aware of the fact that PeerMountain scammed their bounty hunters before cancelling their ICO?
Or that they have abandoned their BCT ANN thread(s)?
Or that they don't actually have a product? (& probably never did/will)

All the above is well documented on the Unofficial Syscoin thread, maybe you guys should read it & catch up a bit:

https://bitcointalksearch.org/topic/sys-syscoin-unofficial-due-to-censorship-secrecy-on-official-thread-4748031

I know Christopher Marsh (aka techo051) did, the Syscoin Chief Financial Officer, because he states that he wasn't consulted about the Syscoin partnership with the PeerMountain scammers in that very thread:

https://bitcointalk.org/index.php?topic=4748031.40

He's also been silent ever since, refusing to answer any questions about why that was.

I realize that this is the BCFN thread now & questions regarding Syscoin are ignored/deleted here, but maybe someone at Syscoin who has a faint idea of what's going on should go over to the Syscoin thread & explain? Shed some light on this situation for your poor investors?

I think you should.

Edit: If you censor/delete this post, I'll simply re-post it there.