Refunds will be processed later tonight (lunch break not able to do them if we even have any more than the two requested late last night)
don't hold me to this but I'm in the process of talking with RoboCoin to see how exactly the fee's are generated (either in BTC or in fiat) from the talks its looking like its a mixture of both, we MAY be able to amend the payments based on this. But at this time I'm unsure. On another little side note if we promise to pay 3 times in BTC and BTC drops we can technically buy you out.
We've selected the list of cities / areas based on what we've been told could possibly work based on the environment of the location.
We are open to suggestions on how you would like to see compensation however giving ownership of the ATM to each person could run into problems later, maybe a higher return + longer time period, if we can offer partial ownership we will.
And this is a business so if we go the way of tripling your BTC invested (or tripling what you invested) and then that goes down to a point where the business can buy you out in full by tripling your investment in a payout it comes back to us. But give us suggestions were all ears.
The way we currently have the terms set up is you will get triple your investment ($123) within 2 years. After you get triple your $123's ($369) the ownership of the ATM belongs to the company.
don't hold me to this but I'm in the process of talking with RoboCoin to see how exactly the fee's are generated (either in BTC or in fiat) from the talks its looking like its a mixture of both, we MAY be able to amend the payments based on this. But at this time I'm unsure. On another little side note if we promise to pay 3 times in BTC and BTC drops we can technically buy you out.
We've selected the list of cities / areas based on what we've been told could possibly work based on the environment of the location.
We are open to suggestions on how you would like to see compensation however giving ownership of the ATM to each person could run into problems later, maybe a higher return + longer time period, if we can offer partial ownership we will.
And this is a business so if we go the way of tripling your BTC invested (or tripling what you invested) and then that goes down to a point where the business can buy you out in full by tripling your investment in a payout it comes back to us. But give us suggestions were all ears.
Honestly, the way I read it was that payments wouldn't stop once the ROI hit 300%, just that it was a guaranteed ROI of 300% over 2 years. So theoretically, depending on how popular these are, we could get a 300% ROI in a year or less, and payments would continue until that 2 year period was up.
With that being said, I am curious to see how they react to people who are unhappy about these terms. Here's hoping for the best.
For those that don't want to participate anymore a full refund will be issued.With that being said, I am curious to see how they react to people who are unhappy about these terms. Here's hoping for the best.
The way we currently have the terms set up is you will get triple your investment ($123) within 2 years. After you get triple your $123's ($369) the ownership of the ATM belongs to the company.
To be clear, I'm not asking for a refund right away. I would like to see where this goes first.
What does 'buying out' mean? Does it mean once a share has been paid back (or in this case the promised 300% ROI) that the company re-acquires the share?
Official partial ownership would be great, but if that is not possible the company could assume full ownership of the ATMs and the profit could be distributed to the investors behind the scenes as was suggested somewhere earlier in this thread. That way you couldn't possibly run into any obstructing regulations and such, right? (I don't have any clue about financial/business law, so forgive me if this suggestion isn't of any help).
I was also under the impression that the 300% ROI was a guarantee, not a limit on payout after which the ownership would revert to the company even before the 2 years are up.
Now that the term ROI has been clarified, does it remain at 300%?
Please don't feel pressured because of questions, assumptions and misunderstandings. We're just hoping for clarification and correct information in order to make a wise decision regarding our 'investment funds'.
