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Offline bytemaster

Invictus Innovations to Return PTS Donations
« on: November 12, 2014, 08:36:41 PM »

Invictus would like to thank those that donated PTS to our Angel Shares campaign, but has concluded that we cannot accept them.  All 415,000 PTS will be returned to the original donors this month.

Invictus will still retain all BTC donated and has no plans at this time to return those funds.

Invictus has not been contacted by any government agencies, and this move has nothing to do with the legal position of AngelShares.
« Last Edit: November 12, 2014, 08:47:17 PM by bytemaster »
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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

sumantso

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Re: Invictus Innovations to Return PTS Donations
« Reply #1 on: November 12, 2014, 08:40:24 PM »
Weird ...

Does it help with some compliances?

Online Chuckone

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Re: Invictus Innovations to Return PTS Donations
« Reply #2 on: November 12, 2014, 08:41:18 PM »
What?

So this is a refund post snapshot. Basically AGS holders are still AGS holders and I3 will still receive the BTS from the snapshot while it was holding them. It doesn't change anything except all those who donated will receive their PTS back?

Offline Fox

Re: Invictus Innovations to Return PTS Donations
« Reply #3 on: November 12, 2014, 08:43:44 PM »
Will Invictus still retain the BTC donated?
Witness: fox

Offline luckybit

Re: Invictus Innovations to Return PTS Donations
« Reply #4 on: November 12, 2014, 08:44:12 PM »
Now I guess we can look forward to another confused panic sell.
Why announce this now and what does it mean?
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Offline bytemaster

Re: Invictus Innovations to Return PTS Donations
« Reply #5 on: November 12, 2014, 08:44:18 PM »
What?

So this is a refund post snapshot. Basically AGS holders are still AGS holders and I3 will still receive the BTS from the snapshot while it was holding them. It doesn't change anything except all those who donated will receive their PTS back?

AGS is still a record of those who had intent to give even if their gift was returned ;)   
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline bytemaster

Re: Invictus Innovations to Return PTS Donations
« Reply #6 on: November 12, 2014, 08:44:49 PM »
Will Invictus still retain the BTC donated?

Yes
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

lzr1900

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Re: Invictus Innovations to Return PTS Donations
« Reply #7 on: November 12, 2014, 08:45:12 PM »
Now I guess we can look forward to another confused panic sell.
Why announce this now and what does it mean?
+5%

Offline cass

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Re: Invictus Innovations to Return PTS Donations
« Reply #8 on: November 12, 2014, 08:45:31 PM »
Now I guess we can look forward to another confused panic sell.
Why announce this now and what does it mean?

 +5%


guess this has legal concerns …
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zerosum

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Re: Invictus Innovations to Return PTS Donations
« Reply #9 on: November 12, 2014, 08:48:34 PM »
Just to make sute- all pts donated will be returned to the donating address 1:1?
« Last Edit: November 12, 2014, 08:51:21 PM by tonyk2 »

Offline bytemaster

Re: Invictus Innovations to Return PTS Donations
« Reply #10 on: November 12, 2014, 08:49:15 PM »
Now I guess we can look forward to another confused panic sell.
Why announce this now and what does it mean?

This is good for Invictus and everyone involved.   
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Ander

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Re: Invictus Innovations to Return PTS Donations
« Reply #11 on: November 12, 2014, 08:54:05 PM »
Invictus has not been contacted by any government agencies, and this move has nothing to do with the legal position of AngelShares.

Whaaaat?

So these changes HAVENT all been a result of needing to comply with SEC/other three letter government agencies? 

Then what were they for?  What possible other reason could there be for giving the PTS back?
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sumantso

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Re: Invictus Innovations to Return PTS Donations
« Reply #12 on: November 12, 2014, 08:57:31 PM »
Invictus has not been contacted by any government agencies, and this move has nothing to do with the legal position of AngelShares.

Whaaaat?

So these changes HAVENT all been a result of needing to comply with SEC/other three letter government agencies? 

Then what were they for?  What possible other reason could there be for giving the PTS back?

They are more or less useless, no point holding onto them when in future a question might arise regarding what happened to funds.

Besides, if there is any chance that PTS survives, it couldn't have with almost a quarter of the supply in one hand.

Offline liondani

Re: Invictus Innovations to Return PTS Donations
« Reply #13 on: November 12, 2014, 08:57:51 PM »
Invictus will still retain all BTC donated and has no plans at this time to return those funds.

I bet when bitshares marketcap is at  $1 billion and 1 BTC = $30 we will get our bitcoins donations back too  :P (genius!)
  https://bitshares.OPENLEDGER.info/?r=GREECE  | You are in Control | BUY | SELL | SHORT | SWAP | LOAN | TRADE |  

Offline bytemaster

Re: Invictus Innovations to Return PTS Donations
« Reply #14 on: November 12, 2014, 08:58:21 PM »
Just to make sute- all pts donated will be returned to the donating address 1:1?

Yes
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

 

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