PsyWulf
Honorary Master
- Joined
- Nov 22, 2006
- Messages
- 16,584
A little hope,unrealistic as it may beHas there ever in the history of ponzi schemes been money returned to the sheep?
Now what makes this any different.
A little hope,unrealistic as it may beHas there ever in the history of ponzi schemes been money returned to the sheep?
Now what makes this any different.
Completely unrealistic.A little hope,unrealistic as it may be
There shouldn't, in principle, be a difference in value of a creditors claim based on the underlying cause of action.I appreciate the engagement and response - I’m genuinely interested in the process. If I may ask further - Does the calculation differ in terms of a claim value where at the outset for nomination purposes it is legally determined to be a ponzi vs it is not determined to be a ponzi? Is it problematic for a liquidator to approach and communicate to creditors based on accusations vs legal findings which may be claimed to be prejudicial? Also lastly, where an intangible asset such as Bitcoin is the primary medium - does the date of conversion/exchange differ depending on such a determination as a ponzi?
Also has a similar flavor to devoted investments...@Snyper564 - look what i found while searching for Liz!
Nice bit of sleuthing from the early days!
FxMam for JS.
Mirror Trading International
Unfortunately with get rich quick schemes even our thread is likely to draw more new users than preventing new users from signing up. Desperation have a strange ability to blind people who might find this thread that they will only read "Make big money" and completely ignore the information in...mybroadband.co.za
There is an underlying assumption in all these discussions that the BTC hasn't been converted bank to fiat yet. While this is indeed a very real possibility I'd personally be surprised if large sums haven't found their way to the big players bank accounts yet.There shouldn't, in principle, be a difference in value of a creditors claim based on the underlying cause of action.
The bitcoin question is interesting and I've given it much thought over the past few days. In a normal claim where an asset is claimed you would claim the asset, alternatively the value if the asset can't be given. In practice at the trial you would then present evidence of the value.
I think here though, because you have to submit your claim in monetary terms, the liquidator will work with the value of each creditors loss at the time the claim is submitted.
The originality is astounding...Also has a similar flavor to devoted investments...
Or Monero... JS fav coin, he mentioned this on a number of vids...There is an underlying assumption in all these discussions that the BTC hasn't been converted bank to fiat yet. While this is indeed a very real possibility I'd personally be surprised if large sums haven't found their way to the big players bank accounts yet.
Its not really relevant if it's been converted or not. In a normal claim the value would be determined at the trial and with liquidation a value would be attached to it on the date of the submission of the claim.There is an underlying assumption in all these discussions that the BTC hasn't been converted bank to fiat yet. While this is indeed a very real possibility I'd personally be surprised if large sums haven't found their way to the big players bank accounts yet.
Here is more proof that he considered himself as part of the "main leadership group" way back in September.Omw I totally forgot I had a bit of a 1 on 1 with our dear Peter Mullerback in thread 1...
Its interesting to note that he confirmed 30 founder members back then... There is lots of info back in those early pages that we didnt look into further or realise the significance of...
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Until they announced a board structure, shareholder changes, portfolios and for example a Chief Operating Officer and then continued to act formally in those roles including stating as such. I think it’s safe to say that a court may determine that at least a few of those may be found to be prescribed officers as per definition as they exercised control over MTI and subject to the same provisions in terms of fiduciary duty and liability.Ok, that is basically exactly the same as a de facto director. The de facto concept is well established and has been the subject of many judgments.
Prescribed officers is another matter. Besides a company secretary and audit committee, prescribed by the Act when related to public companies, I am not aware of any that relate to private companies, or companies with a well developed (and adhered to) management structure.
MTI recently made it quite clear that JS was main man and just about everything required his authority. In other words he never said "you need to speak to so and so" or "that is Jack's domain". They only made much mention of "Tech are on it" and the wheelie bin.
Cor blocked you, that is why you can't find him when you search...i gotta tell you, this Harry page and his new bunch of pals, are having a bit of a field day with Cheri and the bunch.
The Ward's for some reason are not changing their numbers, leading to some hilarious call outs : and subsequent blocking...
Charlie himself, took a swipe at one of his old mates for calling them out as a bunch of thieves , after which the boere invited him over to the free State for a"chat".
The whole party of investors in town are reeling. Reality is setting in that their money is. Bye bye.
Cor has all but made his fb private: for some reason i cannot even seem to pick his page up even in a search anymore, and though i honestly hope that it's only a rumour mill( it must be , surely) one of the uplines has mentioned that 4 people have committed suicide over the losses each incurred.
Only reason i posted it, is because mathematically, out of roughly 90 000 depositors, and after seeing what I've seen , I'-d say it wouldn't be so far fetched as it seems.
Downlines keep referring to the magnanimous amounts of money known upline referrers made , when plainly and painfully it is nothing more than a redistribution of wealth, ignited by stealing. (The servant leadership part). Their mannerisms and speak will unsettle you from the outside looking in.
Whales remain hopeful, while " mti what now" at one stage were uttering inferences about Johan with 2 N's needing a burial service or lead for breakfast ..
Die manne is kwaaaad jong.
Eishhh.
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Everyone knows BTC has climbed substantially so now they want to get back more than they put into the scam.
I'm pretty sure most of these people that have taken this stance had nothing to do with BTC before MTI so it wasn't like they were sitting on 0.5 BTC and then they put it into MTI. VERY likely they went to Luno (after following the "how to get craptos" videos), bought RXXXXXXX worth BTC and sent to MTI.
Spotted this too. It's clear why these people with little income get involved. You can own little and still be greedy. Greed is an attitude.View attachment 985174
Everyone knows BTC has climbed substantially so now they want to get back more than they put into the scam.
I'm pretty sure most of these people that have taken this stance had nothing to do with BTC before MTI so it wasn't like they were sitting on 0.5 BTC and then they put it into MTI. VERY likely they went to Luno (after following the "how to get craptos" videos), bought RXXXXXXX worth BTC and sent to MTI.