Mirror (non)Trading International 2 - The Fallout

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LinuxMan

LinuxMan

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Spoke to someone yesterday that is in MTI.
And he is so convinced everything is above board.
Told him all the red flags, and wasn't phased at all..

Some people will never learn.
Almost can't wait for it to fold now, so I can say I told you so.
Not just to him but many others.
 
DarKnyt

DarKnyt

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LinuxMan said:
Spoke to someone yesterday that is in MTI.
And he is so convinced everything is above board.
Told him all the red flags, and wasn't phased at all..

Some people will never learn.
Almost can't wait for it to fold now, so I can say I told you so.
Not just to him but many others.
Click to expand...
Ima make some tshirts if anyone wants...
 

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MONTHEBIFF733B

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Could someone please send me the link to that phone call where cheri threatened to close that guy’s account if he doesn’t give her access?
 
w1z4rd

w1z4rd

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expedite

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LinuxMan said:
Spoke to someone yesterday that is in MTI.
And he is so convinced everything is above board.
Told him all the red flags, and wasn't phased at all..

Some people will never learn.
Almost can't wait for it to fold now, so I can say I told you so.
Not just to him but many others.
Click to expand...
I actually don't care anymore. I have very recently registered companies for guys that want to enlist. I am not sure where the company story fits in, it is perhaps a way of of bypassing KYC scrutiny.

It raises some interesting issues though; the BTC initial "investment" is a debit to intangible assets and a credit to shareholders loan accounts. At the end of the tax year intangible assets must be adjusted to BTC price x BTC on hand, which will be a debit and the credit has to go to income. That means there is turnover. Besides the obvious financial statements issue and income tax issue, it affects turnover for the annual return. Someone is going to have plenty fun.

Perhaps the scheme is dead by then, but somehow I don't think so, and even if there is a claim against the insolvent estate chances are good the claimant will require AFS proof.
 
aofafrica

aofafrica

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And if you look at what is going on with the USD price of BTC it makes me just want to vomit.

All these blind idiots at MTI patting themselves on the back when they still have NO OWNERSHIP of their BTC.

It is like handing your bottle of brandy to the neighbourhood homeless alcoholic outside Tops, and a week later standing at the braai bragging about your awesome Brandy that will be delivered "a bit later".
 
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