Fimkrypto forum

English discussion => Asset Exchange => Topic started by: funbug on November 09, 2014, 02:28:55 PM

Title: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on November 09, 2014, 02:28:55 PM
Hi, l 1st stakeholder after FIMK community and I want that the system began to develop more actively, therefore I want to offer stable profit for owners of the small accounts balance which aren't interested in forging.

Idea

Forging of balance for 20,000,000 FIM ~ = 1,000,000 FIM in month = 5% profit in month.
Therefore I can offer 1% of stable profit a week so far all assets won't be sold out (it will be guaranteed by my active balance more than 23'200'000 FIM (http://80.240.143.139/accounts/FIM-DK4B-Z8ED-9RS3-7ZVRR)).
Further this balance will start working independently what to allow all owners of assets to continue to get profit.
If by the time of time when payment for the block becomes 100 FIM project won't reach self-sufficiency, I again will act as the guarantor the assets and so on.

I besides to watch stability of the project, can make investments for development of various FIMK directions or act as the guarantor.


Asset (SRWP)  INFO



    "quantityQNT": "210000",
    "accountRS": "FIM-DK4B-Z8ED-9RS3-7ZVRR",
    "decimals": 0,
    "name": "SRWP",
    "description": "SRWP - Stable and Real min 1% Weekly Profit. More info can be found here: https://forum.fimk.fi/index.php?topic=436.0",
    "numberOfTrades": 0,
    "asset": "1758814052940514729",
    "account": "6620150687243551817"



Start IPO 09.11.2014

0 week - min Buy Orders 99 FIM
1 week - min Buy Orders 100 FIM
2 week - min Buy Orders 101 FIM
3 week - min Buy Orders 102 FIM
4 week - min Buy Orders 103 FIM and so on ...

After sale of 200,000 SRWP assets of no min Buy Orders

Thanks, please sorry for bad english

P.S I will send 1 SRWP each Asset Exchange-beginner which will write me to PM (Personal Message) number of the FIM account and the public key (it here: Dashboard -> Account Balance -> More Info).


Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: Eliphaz Fimk on November 10, 2014, 12:04:24 AM
Nice initiative.

Offering investments for FIMK projects especially is constructive. The association intends to help matching contractors with the venture funds of its own and parties like yourself who are prepared to provide cryptocapital funding.
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: shenjie on November 10, 2014, 12:57:24 AM
Who are you?
How to ensure the 23200000 fimk will not transfer to others?
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on November 10, 2014, 07:52:56 AM
Who are you?
How to ensure the 23200000 fimk will not transfer to others?

I only member communities FIMK which wants to give the chance really to earn by another even with the minimum sums that money wasn't unused. I analyzed blockchain and saw many inactive accounts it isn't correct - money has to work. At this stage of 23200000 fimk are the guarantor for stable work of the project, any member communities FIMK through blockchain can see their movement, ask me here any question, and make the decision. Only in case of successful development of this project of 23200000 fimk can act as the guarantor or investments into other directions. Personally it will mean to me that the community can work in common.


Thanks, please sorry for bad english
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on November 10, 2014, 03:47:56 PM
I on a simple example will try to wake our sleeping community:
Probably many members of community want that FIMK accepted in SuperNET, but us won't accept yet - jl777 unambiguously told that for the accession to system of any fork has to have feature, we don't have it so far. Perhaps will appear soon, I read the development plan but that will be if the money collected on IPO end earlier. We don't work with people. Why to us if the bulk of participants doesn't know Asset Exchange why it is necessary, those know who came from NXT - but they know why came.
I let out the asset that on a concrete example to show as the asset that it works not only it is possible to buy and then to wait when to you pay dividends, but it is possible and it is favorable to sell when you accept the price.
Task of the manager of the managing director of an asset not to pay dividends to owners and that that it constantly grew in the price. There will be no mutual trust, joint discussion of various directions of development yet the system won't start working.

P.S. It is only my personal opinion if there are questions I with pleasure will answer
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: J on November 10, 2014, 04:26:50 PM
So are you funbug basically selling assets what pays dividends of your forging earnings?
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on November 10, 2014, 05:30:36 PM
So are you funbug basically selling assets what pays dividends of your forging earnings?

All 200'000 assets, 10'000 assets my reserve won't be sold yet I will redeem the assets at the price increasing for 1% a week to provide growth of the price of assets when assets are sold, I will offer an alternative form of payment of dividends, anyway it will be solved the general discussion.
I don't sell air, I sell shares of really working VPS with profit more than 1M of FIM in a month.
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on November 10, 2014, 05:46:20 PM
All 200'000 assets, 10'000 assets my reserve won't be sold yet I will redeem the assets at the price increasing for 1% a week to provide growth of the price of assets when assets are sold, I will offer an alternative form of payment of dividends, anyway it will be solved the general discussion.
I don't sell air, I sell shares of really working VPS with profit more than 1M of FIM in a month.

On Sunday the buying price of an asset will change and will be equal 101 FIM to provide profit of 1%, also the price of sale of an asset respectively will increase and will be 102 FIM as VPS worked and the total cost of assets grew by 1%
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on November 10, 2014, 05:50:01 PM
If there are questions I with pleasure will answer
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: J on November 10, 2014, 05:51:25 PM
Ok, thanks for answer.

I tried to do math. One asset cost at first about 100 FIMK and pays at least 5 FIMK/month? Am I correct?
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on November 10, 2014, 06:00:53 PM
Ok, thanks for answer.

I tried to do math. One asset cost at first about 100 FIMK and pays at least 5 FIMK/month? Am I correct?

No 4 FIM as the week price of sale - the buying price is equal 1 FIM
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: J on November 10, 2014, 06:19:02 PM
I think I understand now (maybe) what do you mean: 1% weekly earnings, not 1/210000 monthly earnings.
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on November 10, 2014, 06:47:13 PM
I think I understand now (maybe) what do you mean: 1% weekly earnings, not 1/210000 monthly earnings.

Not absolutely so all 200'000 assets aren't sold yet, I guarantee only a weekly gain on 1 FIM costs of an asset and 1% the weekly income after that as 200'000 assets will be sold, that is only after IPO will be finished
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: xibeijan on November 10, 2014, 11:38:21 PM
Is anyone allowed to buy?
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on November 11, 2014, 07:31:13 AM
Yes of course.
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on November 11, 2014, 09:30:26 AM
I will send 1 SRWP each Asset Exchange-beginner which will write me to PM (the personal message) number of the FIM account and the public key (it here: Dashboard -> Account Balance -> More Info).
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: Eliphaz Fimk on November 11, 2014, 12:42:10 PM
Funbug, I only now realized the pay plan, and must admit I'm disapppointed. Your goal to maximise the capitalisation on the sales of assets makes it too complex. Paying dividends only AFTER all 200 000 have been sold? Sorry, but that's unwise. You can't possibly expect to receive 25 to 30 MILLION FIMK before paying out dividends. Laddering the pricing when initially selling out is a very questionable practice (prohibited in the real finance world) and putting expectations of profit for the buyers based on that only will likely not cut it for such a massive requirement of amount sold.

Good idea from a large stakeholder like yourself, but I would polish the execution to pay real forging dividends from day 1 and remove the price laddering.
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on November 11, 2014, 05:21:49 PM
Funbug, I only now realized the pay plan, and must admit I'm disapppointed. Your goal to maximise the capitalisation on the sales of assets makes it too complex. Paying dividends only AFTER all 200 000 have been sold? Sorry, but that's unwise. You can't possibly expect to receive 25 to 30 MILLION FIMK before paying out dividends. Laddering the pricing when initially selling out is a very questionable practice (prohibited in the real finance world) and putting expectations of profit for the buyers based on that only will likely not cut it for such a massive requirement of amount sold.

Good idea from a large stakeholder like yourself, but I would polish the execution to pay real forging dividends from day 1 and remove the price laddering.

I too am a little disappointed that to the vena correctly understood the course of my thoughts and here for what reasons:

1. I don't try to get the maximum profit on sale of assets, I would be glad to sell them in a week, to start still one VPS and quietly to support work doing profit to itself and people. But I am a realist and passed NXT school. Asset Exchange appeared in system in May of this year when NXT as to a platform there were 6 months from creation and in it 20-30 thousand users, at FIMK probably at most 500-600 active members (1000 accounts in Blockexplorer are a lot of empty, obviously someone has 2 and more). But even they really learned to use completely its opportunity only in 2-3 months. There were many mistakes, disappointments, deception, and many users suffered. Therefore I took out one lesson from this experience - only really working project can collect necessary number of funds, only the asset having opportunities to development can work and make profit.
2. I don't need 25 - 30 million FIMK before payment of dividends If I in 3 months collect at least 10 million FIMK, I will simply make one more VPS which will allow me to pay quietly 1% of dividends and I will offer owners of an asset or to record the asset price, to stop growth of an asset on 1 FIMK in a week and to draw interest, then assets will go to free trade, or to continue IPO according to the offered scheme - not me to solve. But anyway I will always have funds for development of the project or in the form of an asset or FIMK.
These funds are necessary for me for prevention of losses as a result of decrease in payment for forging to 100 FIMK for the block.
3. Such scheme is chosen not incidentally because any person, even poorly owning mathematics will understand that having bought an asset earlier he will get more profits as upon termination of IPO the price of an asset will be recorded, and he will draw interest from the asset price, but not from its initial price in 100 FIMK.
I too am interested in earlier term of the beginning of payment of dividends as I will start paying at lower price. Such scheme motivates both interested parties.

I hope answered many questions if is still I surely will answer them, please sorry for bad English
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on November 15, 2014, 03:41:42 PM
By results of work and discussion of the project the decision is made:

1. Dividends will be weekly paid (in any day of the week on my discretion), once a week.

2. The percent of payments for assets becomes fixed, and 1 asset = 1 FIMK dividend won't change any more


3. All assets are in free sale, respectively will become market soon

4. I will send 1 SRWP each Asset Exchange-beginner which will write me to PM (the personal message) number of the FIM account and the public key (it here: Dashboard -> Account Balance -> More Info).

All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on November 23, 2014, 11:03:11 AM
All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on November 30, 2014, 08:49:59 AM
All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on December 04, 2014, 06:05:34 PM
All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on December 11, 2014, 08:36:53 AM
All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on December 16, 2014, 10:00:36 AM
All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: ThinkI on December 18, 2014, 08:32:42 AM
Hi Funbug,

Are you the same Funbug as the one posting on nxtforum.org?
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on December 25, 2014, 07:15:55 PM
:cheers:Happy Merry Christmas :cheers:

All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on December 30, 2014, 11:10:14 AM
:cheers:Happy New Year :cheers:

All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on January 07, 2015, 08:50:37 AM
All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on January 13, 2015, 07:21:25 AM
All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on January 24, 2015, 12:50:01 PM
All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on January 29, 2015, 05:20:27 AM
All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on February 04, 2015, 06:55:07 AM
All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on February 13, 2015, 05:50:03 AM
All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on February 18, 2015, 08:05:24 AM
All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on March 05, 2015, 05:26:19 AM
All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: wiser on March 13, 2015, 04:17:52 PM
I would be interested in holding more of this asset. It would be easier than having to stay on top of leasing out my balance to a forging pool every month. However, the problem for me is liquidity. I can buy the asset for 99.5 FIMK, but if I need to sell it for any reason, right now the highest buy order is at 30 FIMK. This means I can't get out of the asset if I need the cash. Would you be willing to put up a buy wall at 99 or 98 so that people who hold the asset would have liquidity?
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: wiser on March 13, 2015, 04:22:09 PM
The other problem I'm having is that the top sell order is 99.5. I'd like to buy a few at that price. The problem is the buy function will not allow me to input the decimal.
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on March 18, 2015, 07:37:37 AM
All dividends for the current week are paid

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on April 01, 2015, 07:13:49 AM
All dividends for the current week are paid

Thanks

With the advent of the new Mofowallet version there was an opportunity to look through real payments of dividends for a concrete asset

https://www.mofowallet.com/launch.html#/accounts/FIM-USCH-VC7D-4EX3-272SG/activity/latest

Thanks
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on August 21, 2015, 04:32:21 PM
I am on vacation therefore I will send double dividends next Friday
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on August 27, 2015, 06:54:46 PM
I am on vacation therefore I will send double dividends next Friday

All dividents sent :cheers:
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on October 22, 2015, 02:13:42 PM
Double dividends for 2 weeks sent :cheers:
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: J on October 22, 2015, 04:08:44 PM
Double dividends for 2 weeks sent :cheers:

Thanks. I see your asset has been also for long time "minimum 1% weekly income", giving much more higher rewards than that actually or something, but thanks for that too :)
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on February 03, 2016, 10:28:07 PM
all problem for new version fix

dividends sent

https://www.mofowallet.com/launch.html#/accounts/FIM-USCH-VC7D-4EX3-272SG/activity/latest

Enjoy!
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: psycoma on November 12, 2016, 10:52:06 PM
Is this asset still on sale somewhere and buyable and doing money for the owners?
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: warmach on November 13, 2016, 01:59:27 PM
Is this asset still on sale somewhere and buyable and doing money for the owners?

I don't think so.  I think the seller of this asset cashed out his FIMK stake.
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: Eliphaz Fimk on November 15, 2016, 11:11:48 PM
I don't think so.  I think the seller of this asset cashed out his FIMK stake.
Were there some conditions / agreements about the FIMK tied to the asset, or was it just based on good faith and kind of a gambling game setup?
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: kani on November 17, 2016, 04:57:34 AM
Were there some conditions / agreements about the FIMK tied to the asset, or was it just based on good faith and kind of a gambling game setup?

I believe the answer to your question is in the opening post.
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: Zska on November 17, 2016, 05:15:19 PM
Well please explain it to me.
I don't understand what was the deal at beginning, proof investment with guaranteed profit or gambling deal?
How asset owners can get their investment back if funbug has cash out FIMK?
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: kani on November 17, 2016, 05:48:34 PM
<snip>
Therefore I can offer 1% of stable profit a week so far all assets won't be sold out (it will be guaranteed by my active balance more than 23'200'000 FIM (http://80.240.143.139/accounts/FIM-DK4B-Z8ED-9RS3-7ZVRR)
<snip>
I again will act as the guarantor the assets and so on.

The asset creator stated they would act as guarantor.
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: wiser on December 11, 2016, 08:30:32 PM
This asset has not paid a dividend since July. What's the deal?
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: kani on December 13, 2016, 06:38:38 AM
This asset has not paid a dividend since July. What's the deal?

 :'(

the seller of this asset cashed out his FIMK stake.

:o
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: wiser on December 13, 2016, 08:30:24 AM
:'(

:o

Just like that? With no warning?
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: Eliphaz Fimk on December 13, 2016, 02:20:27 PM
Please try to contact the asset issuer to clarify the situation for your FIMK stakes.

Heat Ledger Ltd is in possession of a large amount of FIMK from this person pledged for the initial HEAT distribution. It's our general policy to not intervene with 3rd party business (whether good business or bad business), however as seen before, in obvious cases - where in our power - we may make decisions to promote the common good. The FIMK in question is currently held by the company, pending refund to the sender for exceeding the HEAT participation limit per capita, while waiting for clarification of the circumstances.

I believe the answer to your question is in the opening post.
The opening post is unclear regarding whether it was a gamble or promise. "Guaranteed by active balance of 23M" doesn't factually mean anything as the active balance can be removed at any time. These kind of deals are often considered a gamble by everyone, and understood as such by practically all the players, in which case the operator's bona fide / pseudo bona fide intentions are approved while fully prepared to lose the stake should the worst case scenario materialize. Thus, further views on the matter, from possible "losers" of the gamble, as well as others, are appreciated to widen the reference frame in order to make any kind of viable conclusions about a possible breach of implicated terms by funbug.
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: kani on December 13, 2016, 05:58:01 PM
The opening post is unclear regarding whether it was a gamble or promise.

Not at all unclear.  A promise was made by funbug to personally guarantee the assets.

I again will act as the guarantor the assets

This can only be seen as a 'gamble' in respect that any cryptocurrency investment may be seen as a gamble...  loose logic indeed.  However with a personal guarantee attached to it, a violation of that guarantee turns it into a scam.

Please don't legitimize these activities as 'business' (good or bad).  Funbug scammed 180 FIMKers out of 1.2M FIMK and exceeded the 15M HEAT redemption limit.

I have no kind words if this scammer is allowed to steal and profit, all under the guise of 'business'. 

No special treatment -- excess FIMK submitted should be donation to company as stated in ICO procedures.
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: kani on December 13, 2016, 08:56:54 PM
Thus, further views on the matter, from possible "losers" of the gamble, as well as others, are appreciated to widen the reference frame in order to make any kind of viable conclusions about a possible breach of implicated terms by funbug.

Everyone!  Please share your thoughts -- I've made mine clear.
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: Zska on December 14, 2016, 12:24:59 AM
I feel scammed.
Funbug should have pay everybody out /return orginal investment before quitting
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: Eliphaz Fimk on December 14, 2016, 01:57:37 AM
Funbug scammed 180 FIMKers out of 1.2M FIMK
1.2 Million only in total - I thought the amount would be higher for such a large number of participants.

FWIW I haven't seen funbug quitting anywhere. The FIMK have been locked in since July. In private he argued the funds were directed to HEAT participation in order to produce further profit for SRWP holders, and he couldn't expect the delays in the proceedings. That's very reasonable and I don't doubt it. Granted, very risky and explicitly in breach of HEAT terms, but bona fide in terms of SRWP holders profit. According to my long experience of this kind of players I believe the perception of rules and right to take risks on other people's money is a cultural issue. It's certainly challenging to try to understand and I don't claim to do so, nor am I on funbug's side in any way other than through the voice of reason. However it's beneficial to know about these aspects.

Thus, the situation has been frozen for quite a while and is awaiting for info and views for resolution. My mentioning of business doesn't mean business literally, as in commerce. It means business as in handling of things. We try to refrain from judging and see it constructive to mostly mind our own business, which I believe is considered a virtue on the part of a operator with power such as ours being the creator of FIMK. Refunding SRWP holders is quite many steps away from our business - and that's just a note with face value, without implicating anything about which direction things are going after hopefully seeing a bit more discussion.
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: kani on December 14, 2016, 06:31:17 AM
In private he argued the funds were directed to HEAT participation in order to produce further profit for SRWP holders

That’s an interesting story, and one I would expect from someone in his position.  However it was only one of the stories he prepared.  I will not go into detail here, but he left a (sloppy) trail in the blockchain from which he could have spun a couple of tales.  Perhaps he decided it best to own up partly to the attempted deception.

The reason this story does not convince is the simple economics of SRWP asset:  Every one SRWP owned earned 1 FIMK per week.  At original sale price of 100 FIM per SRWP, this yielded the 1% weekly profit.

Funbug has no reason to increase profit for SRWP holders.  In fact, he could have previously shared more earning rewards with SRWP holders (because he earned more than 1% per week in forging than he paid), but he never did.  He always stuck to the formula (until he stopped, that is).

No.  He simply wanted to use SRWP monies to increase his own personal holdings.  I don’t buy this story for one second!

P.S. If Funbug was really looking out for SRWP holders he would have offered a buyback wall (from the very beginning if you ask me), so that SRWP asset holders could have cashed in FIMK for HEAT.  I feel for the FIMKers who lost money to this clown.
 
(I will now yield discussion so that others can participate)
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: wiser on December 15, 2016, 06:59:10 AM
My expectation was that this asset was a way to essentially have the issuer handle the forging, and pay it out as weekly dividends, and I remember it being said it would be 1% per week, so that's what I was expecting.

I believe that we (the shareholders) should have been informed prior to the weekly dividends stopping, and with that information, should have been given an opportunity to cash out (such as with a buy wall). I am not sure what HEAT is all about, but it was not mentioned at the time that I bought the asset. If the issuer thought that buying HEAT would make a good investment for shareholders, then shareholders should have been informed and given the opportunity to exit if they didn't think buying into HEAT was going to be right for them. Whenever fundamental information about an asset changes, shareholders ought to be informed and given the chance to either vote, exit, or whatever other options make sense.

But simply stopping weekly dividend payments with no explanation and no updates to the asset thread is not cool, and yes, that makes the venture look like a scam.

Also, selling out the forging Fimk on an asset advertised as a Fimk forging asset is not appropriate. That balance should be in an active forging wallet minting new Fimk which then gets divided up among the issuer and all the shareholders. If the reason the issuer no longer has Fimk is because he "invested" it into a new asset (HEAT) which has yet to yield returns, that's at least better than simply dumping all the Fimk and leaving the shareholders high and dry. Still, though, shareholders should have been informed prior to him making such "investment" because doing so fundamentally changes the nature of the original asset.

I would have liked to have been given the chance to either say "yes, go for it, HEAT sounds like an amazing investment!" or "I'd prefer to not participate at this time; please buy me out so that I can put the funds towards a different investment of my own choosing."
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: funbug on April 02, 2017, 11:34:31 AM
Attention, IMPORTANT INFORMATION!!!

Dividends on SRWP asset won't be paid any more.

To compensate your investments and unpaid dividends (36 weeks), I have made the decision to redeem all assets at the price 140 FIMK for 1 asset.

Calculation of the price for an asset: 100 FIMK - the asset price + 36 FIMK dividends for 36 weeks + 4 FIMK moral compensation = 140 FIMK for an asset.

I won't explain all causes of failure to work with this asset, the main is transition to more progressive HEAT platform.

I consider that I compensate all financial expenses, and that who worked with me from the very beginning has received good percent of profit.

P.S Only 1 person has got 10 assets at the price 200 FIMK - let will address to me any in the way, convenient for him, and I compensate him assets personally. All of good luck.
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: Eliphaz Fimk on April 03, 2017, 01:38:29 PM
Full respect for funbug's active initiative of settling the SRWP asset situation in a very positive manner!  :thumbup:

Now, there's a sizable opportunity for arranging similar forging asset "hobby" for little overhead costs, limited downside and considerable profit upside ;)
Title: Re: Asset (SRWP) - Stable and Real Weekly Profit for small stakeholder
Post by: J on April 05, 2017, 12:58:49 AM
Attention, IMPORTANT INFORMATION!!!

Dividends on SRWP asset won't be paid any more.

To compensate your investments and unpaid dividends (36 weeks), I have made the decision to redeem all assets at the price 140 FIMK for 1 asset.

Calculation of the price for an asset: 100 FIMK - the asset price + 36 FIMK dividends for 36 weeks + 4 FIMK moral compensation = 140 FIMK for an asset.

I won't explain all causes of failure to work with this asset, the main is transition to more progressive HEAT platform.

I consider that I compensate all financial expenses, and that who worked with me from the very beginning has received good percent of profit.

P.S Only 1 person has got 10 assets at the price 200 FIMK - let will address to me any in the way, convenient for him, and I compensate him assets personally. All of good luck.

Will you compensate also for those who did not waited 36 weeks for this announcement. You probably can easily see from blockchain history who has sold under 100 FIMKs by what price and at by what time and do calculations with that information.

I have been one of the biggest supporters of your asset, but did not waited forever when you disappeared.

My account is: FIM-SXZR-FC2D-XPRW-8ZXKC