Mirror (non)Trading International 2 - The Fallout

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ShirleyJames

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And then blame SARS or the FSCA, instead of the poor financial advice that they received...


According to google..."Call the SARS Anti-Corruption and Fraud Hotline 0800 00 2870. Alternatively, file a Suspicious Activity Report on the SARS website. You may remain anonymous. Company registration numbers or ID numbers."
Maybe we should start reporting all the shills we know of?
Excellent Idea
 

PsyWulf

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Is it my imagination or are we getting frustrated....."just believe" not working anymore for this guy... View attachment 950158
Thats actually an angle I didnt consider

In an actual investment business the company would have to soak losses between the high and low sell prices if they didn't complete the trade in the agreed window
 

Frikkadel23

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Thats actually an angle I didnt consider

In an actual investment business the company would have to soak losses between the high and low sell prices if they didn't complete the trade in the agreed window
Slippage can be a bxtch. Especially when it’s 2 or 3 or more days slippage.
 

aofafrica

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Aug 12, 2020
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Thats actually an angle I didnt consider

In an actual investment business the company would have to soak losses between the high and low sell prices if they didn't complete the trade in the agreed window
But these guys are disclaimered up the wazoo.

And they are a Ponzi.
 

justreading

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Weird part is this sounds very much like BTCG when the end came near. I am hoping that FSCA pull the plug on this asap
 

newby_investor

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Thats actually an angle I didnt consider

In an actual investment business the company would have to soak losses between the high and low sell prices if they didn't complete the trade in the agreed window
If there were actually any trading going on...

Or is this something else? Like the cashing out of BTC to ZAR?
 

PsyWulf

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Or is this something else? Like the cashing out of BTC to ZAR?

This
The conversion time between when you request and when it's paid out can have slippage as the prices can change wildly

Example:
If the agreement says 48hours for payments,and at hour 47 your investment loses a ton of value - too bad so sad
If the agreement says 48hours for payments,and at hour 102 your investment loses a ton of value and they still didn't pay out - the investor owes you the value pegged at least at hour 48 and they have to soak the difference
 

LiquidX

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...and Johann Steynberg is still processing each and every withdrawal manually?? View attachment 950286
He just lost people money due to the delays, what an amazing guy. Suppose the leading by example is the millions he has already taken for himself. The previous CEO that was this amazing is being fined left right and center by the FSCA.
 
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