[ANN] Helium - LocalBitcoins.com Exchange Asset!



  • @cjellis245 It's been 5 days now with nothing heard from you. Please respond with what your plans now are. No more excuses, yes the site has been up and down, but it is available most of the time.

    Rich



  • Whenever I try to access this site it doesn't work. I'm sorry, but this is the truth.
    And I haven't had many sales in a past few days on LocalBitcoins.com, but the profit is still looking pretty decent for this week's payout



  • @cjellis245 OK you are here now, so give us a proper update and tell us what your plans are?

    Are the funds safe?

    What is your response to my proposal for a Special Dividend returning a large amount of the Funds to shareholders as you obviously do not need the amount you have to support trading on Localbitcoins?

    What is the volume of Trading that you are doing on LocalBitcoins?

    What other plans do You have for the future?

    Forum being down from time to time is an inconvenience, but it has been available most of the time and should not be used as an excuse for not making regular updates. Prepare the updates offline and then you just have to paste it here.

    Rich



  • Yes, the funds are safe. I am changing bank account this week so there has been a temporary pause in sales, this plus the fact that I didn't get many sales on Monday or Tuesday. This should be done by early next week.

    I am not doing the special dividend, I'm not sure if I made this 100% clear but what I was planning to do is release it back in large amounts until the final dividend at which I will stop trading and pull out because of all the stress all of this has been causing me and since it will give us all a chance to get some profit out of it I think it is pretty fair since this is what it was invested for. I am usually very busy during the day which is one of the main reasons I cannot always post here, but I will do my best.

    The trading on LocalBitcoins usually is about 0.3-1BTC each trade, but there is a lot of small ones. I plan to keep this going for another month, and I am continuing with my previously proposed plan of 1 million burst each week, although I'm changing it up a little.

    First week (this week): 1,000,000
    Second week: 1,000,000
    Third week: 1,000,000
    Fourth week: 2,000,000
    Fifth and final dividend: 10,000,000

    So that's the plan.
    Cheers,

    Christian.



  • @cjellis245 Thank you for clarifying and improving the plan, and my apologies for not picking it up from your previous post.

    Sorry that you have been put through this stress, and hope you can put this experience behind you and be stronger for it.

    Rich



  • This weeks HUGE dividend :)

    Amount paid, Account, TX
    979000, BURST-QJPB-7464-5E5B-5NFHJ, 16971894832238194082
    10000, BURST-5LW6-657H-WXHL-49BCP, 12325591044361867077
    7544, BURST-KZQV-7L7K-89K6-HXFGP, 3775946671997137333
    1997, BURST-VAX9-BFZ6-XSX5-CW2EN, 12671912300926476284
    1001, BURST-SCZS-PBXH-E47U-7X2LG, 16556160490354643952
    300, BURST-L4BJ-LLHL-S8UB-HWXZV, 4764904320451114709
    100, BURST-H6L4-XQ42-VW49-7R9MW, 5298305092786010596
    27, BURST-VEFU-NW9C-BK3S-4X297, 13476173996578530768
    20, BURST-N996-XNNG-PVR2-63XMN, 17195948240158481084
    10, BURST-QCST-F6TV-VZ2F-CQRPU, 5107824409286974653
    1, BURST-H9TG-W3GU-EN2N-49GUW, 9542145533403446507
    ------------All transactions processed------------

    Cheers,

    Christian



  • @cjellis245 said in [ANN] Helium - LocalBitcoins.com Exchange Asset!:

    This weeks HUGE dividend :)

    Amount paid, Account, TX
    979000, BURST-QJPB-7464-5E5B-5NFHJ, 16971894832238194082
    10000, BURST-5LW6-657H-WXHL-49BCP, 12325591044361867077
    7544, BURST-KZQV-7L7K-89K6-HXFGP, 3775946671997137333
    1997, BURST-VAX9-BFZ6-XSX5-CW2EN, 12671912300926476284
    1001, BURST-SCZS-PBXH-E47U-7X2LG, 16556160490354643952
    300, BURST-L4BJ-LLHL-S8UB-HWXZV, 4764904320451114709
    100, BURST-H6L4-XQ42-VW49-7R9MW, 5298305092786010596
    27, BURST-VEFU-NW9C-BK3S-4X297, 13476173996578530768
    20, BURST-N996-XNNG-PVR2-63XMN, 17195948240158481084
    10, BURST-QCST-F6TV-VZ2F-CQRPU, 5107824409286974653
    1, BURST-H9TG-W3GU-EN2N-49GUW, 9542145533403446507
    ------------All transactions processed------------

    Cheers,

    Christian

    Is there any profit in there besides the shares burst?



  • @mathew Yes, I am still making profit. I have slowed down and turned off my listings during the night because of the bitcoin price drop. Hopefully it will go back up, but its not looking good



  • Hey guys,
    I just need to let you know I am postponing this weeks dividends.
    The plan is to give them out in the next 2 days but I may not be able to. If this is the case I will let you guys know and we will work something out.
    Thanks,

    • Christian


  • @cjellis245 At this stage in the game this is not good enough, we need more information. Why are you delaying and why might you not be able to make payments in the next 2 days?

    If you want any level of continued support we need complete honesty and updates on a much more regular basis.

    Rich



  • Personal reasons. I do not want to get into it but I can assure you I will be able to do the dividends within the next 2 days.



  • @cjellis245 So after 8 days of silence you say ** The plan is to give them out in the next 2 days but I may not be able to** then moments later you are saying ** but I can assure you I will be able to do the dividends within the next 2 days.**

    Now you are hiding behind Personal reasons I am sorry but you have got to do better than this. You have the Shareholders Money, you said it is safe and have put forward a plan to return it, but after returning just 1 Million of the 14 Million Burst you are flagging problems.

    The plan was already very extended with the bulk of the money not being returned for 5 Weeks. Stop messing us about I cannot see why a "Personal Reason" would delay payment, or in practice why the payment could not be made in a much shorter timeframe, and put this one to bed?

    Rich



  • Certain circumstances had originally made me think I was not going to be able to pay. I am not comfortable with sharing to anyone about the specifics but it has to do with family dramas and I was going to be away for a few days and a large portion of the money was in my personal bank account and I didn't quite have enough to exchange back to Poloniex at the time. I am just not comfortable with sharing about this sort of thing, it's just how I am and you would understand if you met me in person. Hopefully that made sense to you.

    I am sorry about this and I am doing my best to not let it affect my assets. I have just woken up this morning and I should be able to make this weeks (as planned) dividends.

    • Christian


  • Dividends - Sorry for being late.
    Amount paid, Account, TX
    979094, BURST-QJPB-7464-5E5B-5NFHJ, 15366061832126460632
    10000, BURST-5LW6-657H-WXHL-49BCP, 14192133870538365077
    7464, BURST-KZQV-7L7K-89K6-HXFGP, 11186567431379547138
    1878, BURST-VAX9-BFZ6-XSX5-CW2EN, 13708322093130114460
    1001, BURST-SCZS-PBXH-E47U-7X2LG, 8982272473613538305
    300, BURST-L4BJ-LLHL-S8UB-HWXZV, 3970974594250440928
    100, BURST-N996-XNNG-PVR2-63XMN, 7933206432250434667
    100, BURST-H6L4-XQ42-VW49-7R9MW, 12410063392868026070
    27, BURST-VEFU-NW9C-BK3S-4X297, 18240167483485659770
    25, BURST-4WAN-VXS8-Q9SY-B3F3D, 12845387771095603075
    10, BURST-QCST-F6TV-VZ2F-CQRPU, 3771211475364484017
    1, BURST-H9TG-W3GU-EN2N-49GUW, 16291675777708829102
    ------------All transactions processed------------
    Cheers

    • Christian


  • @cjellis245 Thanks for the second payment, as ever you seem to be making this harder than it needs to be. Let's put aside the reasons why you thought you would not be able to make this payment as it's now been made.

    Now let's look forward. Do you expect to be able to make the other payments on the schedule you have put forward?

    Simple question, simple answer needed.

    Thanks

    Rich



  • @RichBC Yes. I expect to make the payments on time if not earlier.



  • @cjellis245 Thank You, please keep us regularly updated.



  • Hey guys,
    I have been thinking about this for a few days now, and though I would raise the point here.
    I think it may be a good idea to buy the shares back rather than to pay it as a dividend at the end, that way I will have all of the shares and we can forget about it. I will buy them back at around 8-9 burst per share because by then I will have done 5,000,000 burst worth of dividends. It just depends on how much you bought them for in the first place.
    Let me know what you guys think. It doesn't really make a difference to what I originally posted. Although I also think it will be best if I pay back at the price that they were bought because since the recent price spike of Burstcoin it is already becoming difficult to pay it back.
    Cheers,

    • Christian


  • @cjellis245 I would be happy to see this closed and at this stage but 8-9 is way too low we have paid 15 - 20 for the shares

    However do not do it the way Luke is with Energizer, he is just buying back small amounts of shares at a time and this is making for a battle to be the lowest priced Sell amongst people wanting to get their Burst back.

    Alternatively you might want to speak to Mr Whale as he holds 98% of the Asset. If he was agreeable you might be better to strike a separate deal with him then you could put up a Buy at something between 15 & 20 for the other 11 Shareholders as they only hold 20,906 shares?

    Rich



  • @cjellis245
    If we do not agree with this decision, would it change the situation?

    But in my opinion, it is better to get this issue resolved as early as possible. Because it becomes clear that it's only getting worse.


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