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STSH: November 2015 update singapore
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Author Topic: STSH: November 2015 update  (Read 36411 times)

Sebastien256

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Re: STSH ★★★★★ 18 NXT per asset due including June 2015 dividend
« Reply #180 on: September 02, 2015, 02:13:55 am »

Hi Seb,

Thanks for nudge.

I am still working on my redemption plans for STSH and I plan to honour my commitment.

Interestingly ltcgear had gotten quite active over the last few weeks but no concrete words yet. Any recovery from ltcgear will make my job much easier and faster recovery for asset holders.

My extreme apologies for lingering on with this closure. But now I am asking for last extension till end of August to resolve the issue. You guys stuck with me so long, please hold on for a few more weeks, I still believe something good will come out of this.

Thanks

Hi Satoshi,

I hope you enjoy the summer.

What is the plan now. The ltcgear sage is very sad, but I hope for the best.

Thank you,

Seb
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satoshi

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Re: STSH ★★★★★ 18 NXT per asset due including June 2015 dividend
« Reply #181 on: September 06, 2015, 01:54:26 pm »

You are right Seb.

The chances of recovery from ltcgear are minimal now. This means I have to cover from my own resources.

But even aside from ltcgear, the amount of uncertainty in BTC, stock markets and world currencies is very volatile right now. SO far as it is affecting my offline investments also.

I will ask for some more time 4 to 8 weeks hopefully for improvements in overall market environments.
The questions I am looking at right now:
What kind of buyback plan I am going to have?
How long will it last?
There is glimmer of hope of at least legal recovery from ltcgear?
There are buyers for pennies on dollar price would I want to liquidate my ltcgear assets? will it be worth it, both financially and morally?


These and other questions I need to answer for myself.

I hope you forgive this latest delay also.
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Sebastien256

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Re: STSH ★★★★★ 18 NXT per asset due including June 2015 dividend
« Reply #182 on: September 06, 2015, 02:14:59 pm »

The questions I am looking at right now:
What kind of buyback plan I am going to have?
How long will it last?
There is glimmer of hope of at least legal recovery from ltcgear?
There are buyers for pennies on dollar price would I want to liquidate my ltcgear assets? will it be worth it, both financially and morally?

I hoped you would asked those questions to yourself in the last two months time frame.  :D

NXT value is at it bottom right now. It might be a good time to do a buy back, what ever form it would take. NXT value has also dropped a lot since STSH IPO.

How many assets STSH own 18 NXT each?
And, what is the value at NAV of the STSH account?

Answering those 2 questions would informs us on the amount difference to compensate.

Thanks you sathosi.
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Sebastien256

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Re: STSH ★★★★★ 18 NXT per asset due including June 2015 dividend
« Reply #183 on: November 07, 2015, 01:33:38 pm »

Hi satoshi,

It been 2 months now, I really wish you will do a come back somehow as Nxt is really cheap right now and there is a lot more good assets now to play with on the Nxt AE.

I hope you can figure something out.

Cheers,
Seb
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DrearyUrbanite

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Re: STSH ★★★★★ 18 NXT per asset due including June 2015 dividend
« Reply #184 on: November 07, 2015, 05:15:04 pm »

Hi satoshi,

It been 2 months now, I really wish you will do a come back somehow as Nxt is really cheap right now and there is a lot more good assets now to play with on the Nxt AE.

I hope you can figure something out.

Cheers,
Seb

I agree. We would really like to hear from you.
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satoshi

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STSH: November 2015 update
« Reply #185 on: November 16, 2015, 10:53:29 am »

Hi Guys,

Sorry for the late reply, I haven't logged in recently.

STSH issuer account:
NXT-KUQ3-SYHL-E4BE-B2BL5
Current account value is approximately 25,000 NXT

STSH was started as diversified portfolio with steady and consistent payouts 1 NXT/week, mining was only one of the avenues for revenue generation. But somehow after first couple of months got sucked into ltcgear fiasco, and by the end of november 2014 ltcgear became the main moneymaker for STSH, even after december 2014 when ltcgear stopped making payments I still continued to believe in them and made some payments using my own funds.

Fast forward to November 2015 and it has become clear that ltcgear is a classic scam, they are making payments now but after charging more fees from there existing clients and there are several dozen people who have made the new payments and are happy with there new payments. I think ltcgear will keep milking as long as they can find new suckers.

I am going through some tough time personally and financially. Even NXT has lost 80% of its value since the time STSH was started. Nothing against NXT its just the phase of my life I am going through.

Over the next few months I will be closing this asset. More details when I have personal funds and fresh mindset to execute this procedure. Currently I am not active in crypto, neither NXT so I don't have any exact plan of when or how it will be executed.

My apologies for the way things panned out, I didn't intend or wish to cause loss to anyone but inspire of best of my intentions it has come to this.

I am sorry and please forgive me.

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mess

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Re: STSH: November 2015 update
« Reply #186 on: November 17, 2015, 02:15:21 am »

Hi Guys,

Sorry for the late reply, I haven't logged in recently.

STSH issuer account:
NXT-KUQ3-SYHL-E4BE-B2BL5
Current account value is approximately 25,000 NXT

STSH was started as diversified portfolio with steady and consistent payouts 1 NXT/week, mining was only one of the avenues for revenue generation. But somehow after first couple of months got sucked into ltcgear fiasco, and by the end of november 2014 ltcgear became the main moneymaker for STSH, even after december 2014 when ltcgear stopped making payments I still continued to believe in them and made some payments using my own funds.

Fast forward to November 2015 and it has become clear that ltcgear is a classic scam, they are making payments now but after charging more fees from there existing clients and there are several dozen people who have made the new payments and are happy with there new payments. I think ltcgear will keep milking as long as they can find new suckers.

I am going through some tough time personally and financially. Even NXT has lost 80% of its value since the time STSH was started. Nothing against NXT its just the phase of my life I am going through.

Over the next few months I will be closing this asset. More details when I have personal funds and fresh mindset to execute this procedure. Currently I am not active in crypto, neither NXT so I don't have any exact plan of when or how it will be executed.

My apologies for the way things panned out, I didn't intend or wish to cause loss to anyone but inspire of best of my intentions it has come to this.

I am sorry and please forgive me.

I can't say I trust what you said above regarding the reasons for closing this asset, since it is part of my own nature to not trust anyone that easily. I also will not go into the topic of whether you could have done a better job in managing and communicating the status of this asset.

However, of all the assets that I have owned that have failed (which is a lot :P) you are the first asset issuer that have communicated with your asset holders until the end and have issued an apology. That being said, as a STSH asset holder, I thank you for this and wish you the very best in your life.
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Sebastien256

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Re: STSH: November 2015 update
« Reply #187 on: November 28, 2015, 12:34:33 pm »

Hi Guys,

Sorry for the late reply, I haven't logged in recently.

STSH issuer account:
NXT-KUQ3-SYHL-E4BE-B2BL5
Current account value is approximately 25,000 NXT

STSH was started as diversified portfolio with steady and consistent payouts 1 NXT/week, mining was only one of the avenues for revenue generation. But somehow after first couple of months got sucked into ltcgear fiasco, and by the end of november 2014 ltcgear became the main moneymaker for STSH, even after december 2014 when ltcgear stopped making payments I still continued to believe in them and made some payments using my own funds.

Fast forward to November 2015 and it has become clear that ltcgear is a classic scam, they are making payments now but after charging more fees from there existing clients and there are several dozen people who have made the new payments and are happy with there new payments. I think ltcgear will keep milking as long as they can find new suckers.

I am going through some tough time personally and financially. Even NXT has lost 80% of its value since the time STSH was started. Nothing against NXT its just the phase of my life I am going through.

Over the next few months I will be closing this asset. More details when I have personal funds and fresh mindset to execute this procedure. Currently I am not active in crypto, neither NXT so I don't have any exact plan of when or how it will be executed.

My apologies for the way things panned out, I didn't intend or wish to cause loss to anyone but inspire of best of my intentions it has come to this.

I am sorry and please forgive me.

Hi Satoshi,

Thanks for the apologies.

If the plan is to liquidate the asset. There is not need to keep the 25k nxt in the account. This should be distribute right away to current holder. Then reduce that amount from the 18 Nxt per asset you own to holder.

Im saying that because I would appreciate doing something right away with the NXT instead of being lock into the account.

If you have something else in mind, please let us know.
Seb
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Sebastien256

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Re: STSH: November 2015 update
« Reply #188 on: May 01, 2016, 12:26:04 pm »

Hi Guys,

Sorry for the late reply, I haven't logged in recently.

STSH issuer account:
NXT-KUQ3-SYHL-E4BE-B2BL5
Current account value is approximately 25,000 NXT

STSH was started as diversified portfolio with steady and consistent payouts 1 NXT/week, mining was only one of the avenues for revenue generation. But somehow after first couple of months got sucked into ltcgear fiasco, and by the end of november 2014 ltcgear became the main moneymaker for STSH, even after december 2014 when ltcgear stopped making payments I still continued to believe in them and made some payments using my own funds.

Fast forward to November 2015 and it has become clear that ltcgear is a classic scam, they are making payments now but after charging more fees from there existing clients and there are several dozen people who have made the new payments and are happy with there new payments. I think ltcgear will keep milking as long as they can find new suckers.

I am going through some tough time personally and financially. Even NXT has lost 80% of its value since the time STSH was started. Nothing against NXT its just the phase of my life I am going through.

Over the next few months I will be closing this asset. More details when I have personal funds and fresh mindset to execute this procedure. Currently I am not active in crypto, neither NXT so I don't have any exact plan of when or how it will be executed.

My apologies for the way things panned out, I didn't intend or wish to cause loss to anyone but inspire of best of my intentions it has come to this.

I am sorry and please forgive me.

Hi satoshi, I hope you are doing better. It would be great if you could provided your plan. It been about 6 months now... Keep us informed :)
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