Nxt Forum

Nxt Discussion => Nxt Asset Exchange => Assets Board => Topic started by: PHX on February 27, 2015, 08:51:44 am

Title: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on February 27, 2015, 08:51:44 am
Name: Phoenix (PHX)

Asset ID: 15610018253699198756

Supply: 10,000,000

Advisor: whale, Nxtinspect

Phoenix (PHX) is an initiative to help fund crypto startups, altcoins and other related projects. It does not pay dividends, rather it uses Net Asset Value (NAV) as a price indicator.

By supporting the crypto ecosystem, carefully selected projects are able to reach their full potential by applying for funding requests. In return, Phoenix negotiates a percentage of the projects assets.

Furthermore, other value-increasing initiatives will be undertaken; such as altcoin, mining and precious metal investments.

Phoenix aims to be one of the most well-rounded and respected assets on the NXT AE through aggressive investment decisions.

Fundraiser:

On February 27 2015 at 20.00 UTC our offering will commence.

Asset distribution:

9,000,000 shares @ 0.1 NXT will be put up for sale (6,000,000 on the NXT AE and 3,000,000 on an exchange which will be announced in a few days)

1,000,000 shares will be distributed among management

All Phoenix projects, status, holdings and grants will be listed under a dedicated board:  https://nxtforum.org/phoenix/
Title: Re: ANN - Phoenix
Post by: whale on February 27, 2015, 09:13:25 am
I can confirm that I am assisting PHX on the project. I have overseen the asset from the concept phase to release. The plan is solid, diversified and it will provide a needed service to other crypto projects. Think of Phoenix as a NXTventure/ Shark Fund type asset with a dedicated, full time manager. I have been provided with social media profiles and personal identification (drivers license) as verification. As stated, I will hold an advisory role in the project due to a well documented history of success in crypto.

I look forward to the opportunity!
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: chanc3r on February 27, 2015, 10:35:23 am
NXTi would like to confirm that we will be assisting PHX & the fund with its ongoing opportunity analysis.

PHX has made a full disclosure to us regarding identity to NXTi, including proof of address, national ID etc.

This is not a recommendation to invest in this asset, simply a confirmation of the association that NXTi have agreed to enter into.


EDIT: sorry for the misunderstanding - I have edited this post to highlight the main point of it - the rest was simply for information, i.e. we are happy doing this because we know who PHX is, we are not attempting to replace other public verification services.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on February 27, 2015, 10:40:26 am
reserved for later
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: printshop on February 27, 2015, 02:38:09 pm
NXTi would like to confirm that we will be assisting PHX & the fund with its ongoing opportunity analysis.

PHX has made a full disclosure to us regarding identity to NXTi, including proof of address, national ID etc.

This is not a recommendation to invest in this asset, simply a confirmation of the association that NXTi have agreed to enter into.

It's nice that this was done. However this is a 180 from what I need as an investor. I won't go through the long list of reasons why the community does not need yet another organization to verify people's existence. Ardeva and other companies already do that quite well and are real, existing, funded and successful corporations. Heck, even proving you have a BTCjam account in good standing is better5 than this.

What I need as an investor is knowledge that there is a business plan, that PHX knows what he's doing, and that there is actually a chance in hell of this succeeding. Have you been able to see his books? Has he done any backtesting? Can I see a prospectus? If this is a VC, how much of his own money is he using for this, and what is his VC experience? Is there an office or telephone number? Thanks.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on February 27, 2015, 02:45:48 pm
NXTi would like to confirm that we will be assisting PHX & the fund with its ongoing opportunity analysis.

PHX has made a full disclosure to us regarding identity to NXTi, including proof of address, national ID etc.

This is not a recommendation to invest in this asset, simply a confirmation of the association that NXTi have agreed to enter into.

It's nice that this was done. However this is a 180 from what I need as an investor. I won't go through the long list of reasons why the community does not need yet another organization to verify people's existence. Ardeva and other companies already do that quite well and are real, existing, funded and successful corporations. Heck, even proving you have a BTCjam account in good standing is better5 than this.

What I need as an investor is knowledge that there is a business plan, that PHX knows what he's doing, and that there is actually a chance in hell of this succeeding. Have you been able to see his books? Has he done any backtesting? Can I see a prospectus? If this is a VC, how much of his own money is he using for this, and what is his VC experience? Is there an office or telephone number? Thanks.

Interesting subjects you bring up here. I'll answer a part of it and let chanc3r and whale take the rest.

First of all, do you think that whale and chanc3r would have jumped into a boat with me if i hadn't proven myself on forehand?

Second, there's a reason i have advisors and don't manage this by myself.

And last, this asset is not meant to check up on people. It's porpoise is to help new or existing ventures. Think of it as BOOST reborn. You did ask for a BOOST grant not long ago didn't you?

I'll leave all the rest of the comments to chanc3r and whale if they think i missed something.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: KarlKarlsson on February 27, 2015, 03:59:19 pm
NXTi would like to confirm that we will be assisting PHX & the fund with its ongoing opportunity analysis.

PHX has made a full disclosure to us regarding identity to NXTi, including proof of address, national ID etc.

This is not a recommendation to invest in this asset, simply a confirmation of the association that NXTi have agreed to enter into.

It's nice that this was done. However this is a 180 from what I need as an investor. I won't go through the long list of reasons why the community does not need yet another organization to verify people's existence. Ardeva and other companies already do that quite well and are real, existing, funded and successful corporations. Heck, even proving you have a BTCjam account in good standing is better5 than this.

What I need as an investor is knowledge that there is a business plan, that PHX knows what he's doing, and that there is actually a chance in hell of this succeeding. Have you been able to see his books? Has he done any backtesting? Can I see a prospectus? If this is a VC, how much of his own money is he using for this, and what is his VC experience? Is there an office or telephone number? Thanks.

I like the way NXTi handles those cases, thanks whale and chanc3r.

But I don't like the way you are always speaking for the community, you overrate yourself pretty much. Let people decide on their own if they want to invest since decentralization wouldn't even work without people thinking and deciding on their own.

Will have a closer look at the asset and most probably invest some NXT.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on February 27, 2015, 04:41:53 pm
little over 3 hours left and i release the first wave of shares.

Once again, i want to state this clearly: NXTI do for Phoenix what they do best: CONSULT and hold a majority of Phoenix funds in escrow for added security . Nothing more, nothing less.

I am the one who will handle the fund, and i am the one who is to be held accountable in case anything goes wrong. And that's why NXTI has my information so in case i decide to run away with the funds, they can organize and angry mob and hunt me down since they know who i am and where i live  ;)
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: printshop on February 27, 2015, 04:44:19 pm
NXTi would like to confirm that we will be assisting PHX & the fund with its ongoing opportunity analysis.

PHX has made a full disclosure to us regarding identity to NXTi, including proof of address, national ID etc.

This is not a recommendation to invest in this asset, simply a confirmation of the association that NXTi have agreed to enter into.

It's nice that this was done. However this is a 180 from what I need as an investor. I won't go through the long list of reasons why the community does not need yet another organization to verify people's existence. Ardeva and other companies already do that quite well and are real, existing, funded and successful corporations. Heck, even proving you have a BTCjam account in good standing is better5 than this.

What I need as an investor is knowledge that there is a business plan, that PHX knows what he's doing, and that there is actually a chance in hell of this succeeding. Have you been able to see his books? Has he done any backtesting? Can I see a prospectus? If this is a VC, how much of his own money is he using for this, and what is his VC experience? Is there an office or telephone number? Thanks.

Interesting subjects you bring up here. I'll answer a part of it and let chanc3r and whale take the rest.

First of all, do you think that whale and chanc3r would have jumped into a boat with me if i hadn't proven myself on forehand?

Second, there's a reason i have advisors and don't manage this by myself.

And last, this asset is not meant to check up on people. It's porpoise is to help new or existing ventures. Think of it as BOOST reborn. You did ask for a BOOST grant not long ago didn't you?

I'll leave all the rest of the comments to chanc3r and whale if they think i missed something.

Honestly speaking, I have no idea what NXTinspect has done in the capacity of "advisor". All we know about you and your business is that NXTinspect is advising you and has a copy of your ID.

So here's the basic problem. You are proposing we give you money which you will use to do VC-like activities. Can you provide any assurance to us that you know what you are doing, and that you have a vested interest in the success of the business activity?

What I need as an investor is knowledge that there is a business plan, that PHX knows what he's doing, and that there is actually a chance in hell of this succeeding. Have you been able to see his books? Has he done any backtesting? Can I see a prospectus? If this is a VC, how much of his own money is he using for this, and what is his VC experience? Is there an office or telephone number? Thanks.

I like the way NXTi handles those cases, thanks whale and chanc3r.

But I don't like the way you are always speaking for the community, you overrate yourself pretty much. Let people decide on their own if they want to invest since decentralization wouldn't even work without people thinking and deciding on their own.

Will have a closer look at the asset and most probably invest some NXT.

If I read this two or three months ago I might have been a little more shocked. But honestly, if you are planning to invest in this based on what's been presented in this thread, you deserve to lose your money. PHX is asking for our investment dollars, and these kinds of questions are going to become more and more normal. Ask yourself, how can you differentiate this from any other random scam? What exactly has NXTinspect done here? What assurance do we have as investors? Nothing?

You speak of decentralization but that isn't the issue here. Decentralization is a means to avoid taxes which leads to big government. Perhaps to a degree, to add privacy to avoid other similar issues. But beyond that it ends. Decentralization is not about faulty business practices. This guy wants to open a VC company fine, but if he wants my money I want to know what he's going to do with it.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on February 27, 2015, 04:52:55 pm
Printshop, you keep asking what i'm going to do with the money.... did you read the asset description?

''By supporting the crypto ecosystem, carefully selected projects are able to reach their full potential by applying for funding requests. In return, Phoenix negotiates a percentage of the projects assets.

Furthermore, other value-increasing initiatives will be undertaken; such as altcoin, mining and precious metal investments.

Phoenix aims to be one of the most well-rounded and respected assets on the NXT AE through aggressive investment decisions. ''


Have you read anything i said on the thread? The part about reviving BOOST...

I'm not going to waste more of my time arguing with you on this asset. As far as i'm concerned, your word has as little value as a noobie. You're full of ventures, all failing one after another. All i ask of you is to sit back and let me have a shot at it as well. You know.... decentralize the AE a bit since it's full of your assets atm...
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: printshop on February 27, 2015, 06:04:24 pm
Printshop, you keep asking what i'm going to do with the money.... did you read the asset description?

''By supporting the crypto ecosystem, carefully selected projects are able to reach their full potential by applying for funding requests. In return, Phoenix negotiates a percentage of the projects assets.

Furthermore, other value-increasing initiatives will be undertaken; such as altcoin, mining and precious metal investments.

Phoenix aims to be one of the most well-rounded and respected assets on the NXT AE through aggressive investment decisions. ''


Have you read anything i said on the thread? The part about reviving BOOST...

I'm not going to waste more of my time arguing with you on this asset. As far as i'm concerned, your word has as little value as a noobie. You're full of ventures, all failing one after another. All i ask of you is to sit back and let me have a shot at it as well. You know.... decentralize the AE a bit since it's full of your assets atm...

This is the response I get when I ask to see a business plan, and ask what your experience is as a VC?

Really?
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on February 27, 2015, 08:03:38 pm
almost 5 million shares were sold instantly. 1 million left.

Congrats to all who bought in early!

All funds raised so far were sent to escrow acc NXT-8YE8-SZBU-BNMH-9F8SF held by NXTI
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: TwinWinNerD on February 27, 2015, 09:50:41 pm
almost 5 million shares were sold instantly. 1 million left.

Congrats to all who bought in early!

All funds raised so far were sent to escrow acc NXT-8YE8-SZBU-BNMH-9F8SF held by NXTI

Who holds the escrow?

I want a confirmation from that person please.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: chanc3r on February 27, 2015, 09:54:27 pm
almost 5 million shares were sold instantly. 1 million left.

Congrats to all who bought in early!

All funds raised so far were sent to escrow acc NXT-8YE8-SZBU-BNMH-9F8SF held by NXTI

Who holds the escrow?

I want a confirmation from that person please.

I hold that passphrase.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PondSea on February 27, 2015, 10:12:40 pm
almost 5 million shares were sold instantly. 1 million left.

Congrats to all who bought in early!

All funds raised so far were sent to escrow acc NXT-8YE8-SZBU-BNMH-9F8SF held by NXTI

Who holds the escrow?

I want a confirmation from that person please.

I hold that passphrase.

Can you confirm the nxt will be released on a need to basis? This way nxtinspect can vet the new asset too, to make this a success.

I hold 10% of the asset if that gives some weight behind my question.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on February 27, 2015, 10:16:23 pm
I can confirm that the funds will be released only when needed. All funds raised till now are in NXTI escrow.

The 6 million i put up for sale just got filled. 3 million remaining to be sold for BTC on an exchange we will announce soon.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: chanc3r on February 27, 2015, 10:19:26 pm
almost 5 million shares were sold instantly. 1 million left.

Congrats to all who bought in early!

All funds raised so far were sent to escrow acc NXT-8YE8-SZBU-BNMH-9F8SF held by NXTI

Who holds the escrow?

I want a confirmation from that person please.

I hold that passphrase.

Can you confirm the nxt will be released on a need to basis? This way nxtinspect can vet the new asset too, to make this a success.

I hold 10% of the asset if that gives some weight behind my question.

When I release any NXT it will be because the management team of Phoenix are in agreement for the purpose and I will post any release in the relevant forum threads.

I also invested in the asset so I also have an interest in the security of the funds.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PondSea on February 27, 2015, 10:59:18 pm
great!
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on February 27, 2015, 11:21:58 pm
almost 5 million shares were sold instantly. 1 million left.

Congrats to all who bought in early!

All funds raised so far were sent to escrow acc NXT-8YE8-SZBU-BNMH-9F8SF held by NXTI

Who holds the escrow?

I want a confirmation from that person please.

I hold that passphrase.

Can you confirm the nxt will be released on a need to basis? This way nxtinspect can vet the new asset too, to make this a success.

I hold 10% of the asset if that gives some weight behind my question.

Which is why I'm advising. PHX would need to get my approval before funds can be requested from NXTinspect.

The 6,000,000 PHX on NXT AE sold out quickly! If you missed out, the final 3,000,000 PHX will be sold on an exchange once confirmed.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PondSea on February 27, 2015, 11:28:11 pm
might buy more then  :)
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: Abraxas 147 on February 28, 2015, 09:42:29 am
Congrats PHX :-).

You have mentioned the BOOST asset here in this thread. Are you associated with BOOST in any way? I ask because one member of your team (holding shares before the IPO) is selling BOOST shares at the same time. Just want to get things sorted :-).
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on February 28, 2015, 01:22:21 pm
Congrats PHX :-).

You have mentioned the BOOST asset here in this thread. Are you associated with BOOST in any way? I ask because one member of your team (holding shares before the IPO) is selling BOOST shares at the same time. Just want to get things sorted :-).


BOOST is not associated with PHX. BOOST is a NXTventure company. However, I believe there might be something in the works. Although this is uncertain so I would still classify investing in BOOST as risky (like most investments) until an official announcement.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: j.jaymes on February 28, 2015, 02:13:45 pm
What is advantage of investing in PHX pleese?
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: Abraxas 147 on February 28, 2015, 02:21:13 pm
Quote
BOOST is not associated with PHX. BOOST is a NXTventure company. However, I believe there might be something in the works. Although this is uncertain so I would still classify investing in BOOST as risky (like most investments) until an official announcement.

Thx for the info!
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: jl777 on February 28, 2015, 07:24:04 pm
Congrats PHX :-).

You have mentioned the BOOST asset here in this thread. Are you associated with BOOST in any way? I ask because one member of your team (holding shares before the IPO) is selling BOOST shares at the same time. Just want to get things sorted :-).


BOOST is not associated with PHX. BOOST is a NXTventure company. However, I believe there might be something in the works. Although this is uncertain so I would still classify investing in BOOST as risky (like most investments) until an official announcement.
BOOST is inactive. The assets were never publicly released and there should be no trading in it as there is no assurance that it will have an active manager anytime soon.

Since no Boost assets were ever sold, I didnt think this would be an issue. But I see there is some small amount of trading in it. I suggest not to buy any unless there is announcement of reactivation

James
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on February 28, 2015, 11:57:03 pm
What is advantage of investing in PHX pleese?

PHX is meant to be a well-rounded investment in crypto startups, altcoins and other crypto related projects. Instead of doing the homework yourself, someone else is doing it for you. As the fund increases in value, so will the price of the tokens.

As a side note. Please don't buy above 0.1 NXT on the NXT AE as there is still 3,000,000 PHX to be released on a yet to be named exchange. This will sell for the original 0.1 NXT price in BTC.

Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: KarlKarlsson on March 01, 2015, 11:21:49 am
What is advantage of investing in PHX pleese?

PHX is meant to be a well-rounded investment in crypto startups, altcoins and other crypto related projects. Instead of doing the homework yourself, someone else is doing it for you. As the fund increases in value, so will the price of the tokens.

As a side note. Please don't buy above 0.1 NXT on the NXT AE as there is still 300,000 PHX to be released on a yet to be named exchange. This will sell for the original 0.1 NXT price in BTC.

Isn't it 3'000'000 PHX?  :o
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on March 01, 2015, 11:32:56 am
What is advantage of investing in PHX pleese?

PHX is meant to be a well-rounded investment in crypto startups, altcoins and other crypto related projects. Instead of doing the homework yourself, someone else is doing it for you. As the fund increases in value, so will the price of the tokens.

As a side note. Please don't buy above 0.1 NXT on the NXT AE as there is still 300,000 PHX to be released on a yet to be named exchange. This will sell for the original 0.1 NXT price in BTC.

Isn't it 3'000'000 PHX?  :o

Whoops, forgot a zero. Fixed  :P
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: j.jaymes on March 01, 2015, 02:55:58 pm
So the only advantage is that sumtime the price might go up? No divs, am I right?
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on March 01, 2015, 05:36:07 pm
So the only advantage is that sumtime the price might go up? No divs, am I right?

I'll give an example that might answer your question.

Let's presume you buy a stock in your favorite bank, but know on forehand that it will never pay a dividend, but rather raise in value with each new successful investment the bank makes. Now ask yourself: how does the bank make money?  They lend out, help businesses, invest, and much more.

I'm throwing in the bank analogy because it is the core model that fuels Phoenix as a business. We will rely on our investments, help other assets financially, keep funds in storage and so on.
Soon the Phoenix shares will have a buyback program or a market peg if you will, which will insure liquidity for all our investors.

So our investors will have 3 major benefits:

1. Liquidity
2. Ever-rising value
3. Stability of the fund

I hope i managed to shed some light on your question.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: j.jaymes on March 01, 2015, 07:45:33 pm
Interesting. Will take under advizement but will watch first as price has already been raised by initial investors selling out.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: Abraxas 147 on March 02, 2015, 08:46:59 am
Quote
Congrats PHX :-).

You have mentioned the BOOST asset here in this thread. Are you associated with BOOST in any way? I ask because one member of your team (holding shares before the IPO) is selling BOOST shares at the same time. Just want to get things sorted :-).

Wow, earned 9 bitcoinpaul after asking a simple question. Nice new experience :-). Would appreciate if some of the people deciding to click this button are willing to communicate with me. I'm interested in understanding your motivation. ;-).


Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: starfishi on March 02, 2015, 09:01:51 am
Quote
Congrats PHX :-).

You have mentioned the BOOST asset here in this thread. Are you associated with BOOST in any way? I ask because one member of your team (holding shares before the IPO) is selling BOOST shares at the same time. Just want to get things sorted :-).

Wow, earned 9 bitcoinpaul after asking a simple question. Nice new experience :-). Would appreciate if some of the people deciding to click this button are willing to communicate with me. I'm interested in understanding your motivation. ;-).

Welcome to our club !   :)
(but don´t worry, at least, it means you get recognised . . )
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on March 02, 2015, 09:09:37 am
I believe it was Churchill who said:

''You got enemies? Good! It means you stood up for something. ''
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on March 02, 2015, 11:16:03 am
Quote
Congrats PHX :-).

You have mentioned the BOOST asset here in this thread. Are you associated with BOOST in any way? I ask because one member of your team (holding shares before the IPO) is selling BOOST shares at the same time. Just want to get things sorted :-).

Wow, earned 9 bitcoinpaul after asking a simple question. Nice new experience :-). Would appreciate if some of the people deciding to click this button are willing to communicate with me. I'm interested in understanding your motivation. ;-).

Until admin does something about Printshop, the only thing you can do is the following:

1. Click profile
2. Click modify profile
3. Go to Buddies/ Ignore List
4. Edit ignore list
5. Add 'Printshop'

As soon as this asset was launched, I received around 30 bitcoinpaul's (and counting). It is highly probable that it is Printshop judging from his past behavior on the forum. In my opinion I find him to be incredibly childish. Therefore, if you block him, you're not feeding the troll. Hopefully admin does something about the flawed karma system, Printshop or both.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: Abraxas 147 on March 02, 2015, 12:10:13 pm
@starfishi, @PHX, @whale: Thx for your feedback, it's nice to see I'm not alone :-). I suggest to re-focus this thread back to the asset now, because I don't want to get more bitcoinpauls for posting off-topic content ;-).

Still I would appreciate some direct comments from the bitcoinpaul activist  8).
 

 
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: printshop on March 02, 2015, 12:11:46 pm
Quote
Congrats PHX :-).

You have mentioned the BOOST asset here in this thread. Are you associated with BOOST in any way? I ask because one member of your team (holding shares before the IPO) is selling BOOST shares at the same time. Just want to get things sorted :-).

Wow, earned 9 bitcoinpaul after asking a simple question. Nice new experience :-). Would appreciate if some of the people deciding to click this button are willing to communicate with me. I'm interested in understanding your motivation. ;-).

It wasn't me. This is actually the sort of question I would really like to see answered. In fact, since I posted on page 1 asking for a business plan and prospectus, I have received over forty bitcoinpauls myself.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: maddy83 on March 02, 2015, 12:25:31 pm
So is this asset similar to NXTventure? Will they be competing with each other, or does James own this asset also?
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on March 02, 2015, 12:32:56 pm
It's not a James asset  :D

The 2 assets will never compete , and despite some similarities the core model of Phoenix is completely different.

I will actively invest and trade altcoins with a part of the fund, and soon i will launch a financing program. The fund will also act as a holding account. More details to follow in the next couple of days.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on March 08, 2015, 03:56:46 pm
Hello all,


Despite my silence in the past couple of days, that doesn't mean that i haven't been working :P

I'm glad to announce that from tomorrow i will start investments/trading in altcoins. There are still a few small things i have to set up before i begin but i believe i'm good to go in under 24 hours.

Next step will be the setting up the startup/help fund for our fellow asset issuers, but all details and plans will be announced in due time. For now, all that matters is that i'm well under way with starting the investment part, already looked into a few coins with potential and consulted with whale as well of curse.

As soon as i have more news i will make sure to post them on the tread, but i also believe that soon enough i'll be moving the thread here: https://nxtforum.org/phoenix  because i would like to dedicate a new thread to each of Phoenix's ventures and keep things a bit more organized.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on March 10, 2015, 10:36:32 am
New update

NXTI released 300k nxt from escrow. I set up a buy wall at 0.1 nxt per share, and will be selling back at 0.101 for a total value of 100k nxt, which will insure a market peg of 1% and the liquidity i promised.

The remaining 200k nxt was sent to an exchange to start trading.

Now here's the plan for now: a big chunk of the trading profits will come back to the account and i keep increasing the buy/sell walls as much as possible. Also, 1% of the coins i buy into will be kept in holding for a long time. Remember, it's very important to understand that through Phoenix i'm INVESTING and not speculating. I will only buy and hold on to coins which we consider to have a long term potential.

We are also making good progress with the exchange we plan to release the rest of the shares on. For now, i don't want to release them on the exchange but i need to have one ready for when i will.

My priority right now is investing and setting up the peg.

Also, i won't bother to inflate the thread each time i make a new move. All those who wish to see what's going on can look into the issuing account and see all that moves there.

I'll let you know if anything changes or when we're going live on the exchange or if we start to use the funds for other things as well. For now all i stated above is the main plan and i will keep building on top of that in time.

I'm sorry it took so long to get things moving but i needed to make sure all is set up properly. I can't afford to play with my investor's money.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: printshop on March 10, 2015, 05:54:53 pm
Hello all,


Despite my silence in the past couple of days, that doesn't mean that i haven't been working :P

How about you just share with us the basic details of what you are doing re: business plan and prospectus?

Frankly if you can't provide these two incredibly basic pieces of information I cannot understand why anyone would invest with you. A NXTinspect voucher cannot be enough, other than the fact that it is basically NXTinspect, it's officers and direct clients which bought out your IPO.

Perhaps this is the reason for your abrasive attitude towards these basic questions; you don't really care about disclosure since you have already been bought out by insiders.

As a community we need to move beyond the kind of BS promulgated by assets like Phoenix and move towards a sort of standard where businesses are actually responsible for what they say and claim.

For one. Just for one. Are you going to publish (at least) quarterly financial statements?

Beyond that I would really love to find out what kind of social responsibility initiatives you are going to pursue in this community.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: weekendwarrior on March 10, 2015, 07:29:53 pm
Hello all,


Despite my silence in the past couple of days, that doesn't mean that i haven't been working :P

How about you just share with us the basic details of what you are doing re: business plan and prospectus?

Frankly if you can't provide these two incredibly basic pieces of information I cannot understand why anyone would invest with you. A NXTinspect voucher cannot be enough, other than the fact that it is basically NXTinspect, it's officers and direct clients which bought out your IPO.

Perhaps this is the reason for your abrasive attitude towards these basic questions; you don't really care about disclosure since you have already been bought out by insiders.

As a community we need to move beyond the kind of BS promulgated by assets like Phoenix and move towards a sort of standard where businesses are actually responsible for what they say and claim.

For one. Just for one. Are you going to publish (at least) quarterly financial statements?

Beyond that I would really love to find out what kind of social responsibility initiatives you are going to pursue in this community.

how about you pay people the money you owe them, fat boy?  ;D
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: TwinWinNerD on March 11, 2015, 04:25:36 pm
Can you please buy the 613000 phoenix on the exchange that are listed below issuing price?
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: starfishi on March 11, 2015, 05:05:19 pm

-

Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on March 12, 2015, 09:20:21 am
Can you please buy the 613000 phoenix on the exchange that are listed below issuing price?

Done  8)

You didn't have to put them up under the issuing price you know... i promised to pay the real NAV for them and i always will...
Anyway, the buy wall has been increased.

My first investment is starting to show results already, and hopefully by this time next week i will be able to take out part of the profits and re-increase the buy wall.

I hope all are happy so far, and even those who wanted a quick get-away i hope i managed to satisfy with setting up quick buy walls  ;)
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: TwinWinNerD on March 12, 2015, 11:34:57 am
Thank you.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: cryptoventurefund on March 17, 2015, 12:01:59 pm
.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: printshop on March 17, 2015, 03:11:45 pm
Can you please buy the 613000 phoenix on the exchange that are listed below issuing price?

Done  8)

You didn't have to put them up under the issuing price you know... i promised to pay the real NAV for them and i always will...
Anyway, the buy wall has been increased.

My first investment is starting to show results already, and hopefully by this time next week i will be able to take out part of the profits and re-increase the buy wall.

I hope all are happy so far, and even those who wanted a quick get-away i hope i managed to satisfy with setting up quick buy walls  ;)

What you have promised is impossible because some of your investments will be illiquid, non-performing, and so forth. The only way I have been able to do a similar thing is to donate tens of thousands of NXT towards liquidity, and even then investors don't want to price that into the shares of my fund. How can you keep such a promise without doing something similar? What percentage of your fund can you buy back at issue price?
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on March 17, 2015, 05:23:18 pm
You have a fair point there printshop, but i'll tell you exactly how things are atm : i can currently afford a buy wall of 300k nxt , which is 30% of the fund. In time, as the investments grow, so will the buy wall. I will never be able to give 100% liquidity because i promised to always give people the real asset value price for their shares. So, what i'm saying is that atm i can cover 30%, and regardless of how much the fund grows, i will still have only 30% available for coverage because i have to put in the buy orders according to the NAV. Am i making sense so far?

In time, if i don't need to have a lot of capital for investing, and there is need for a bigger buy wall, i can easily take out a part of the investment funds to buy back the shares.

So what i'm basically saying is that people will always have a way out and will always get the 100% accurate buyback price from me.

Oh, and if the NAV is above share issue price, so will my buyback price.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on March 25, 2015, 09:56:56 am
Just a quick update.

My investment so far is growing bit by bit each day. I will set the new NAV price quite soon, but i'm still waiting because i'm expecting an outburst on a coin i invested in and i wouldn't like to set a NAV that doesn't reflect the true price of Phoenix.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: chanc3r on March 27, 2015, 08:25:20 pm
150k NXT released from Escrow for further investments @ request of PHX, approved by whale.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: printshop on April 01, 2015, 01:27:50 am
150k NXT released from Escrow for further investments @ request of PHX, approved by whale.

Why was it approved? There have been no operating results or information from this company whatsoever since it was founded. If you're going to approve 150k here, 300k there, with no operating results, you might as well release the whole thing.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on April 06, 2015, 11:05:18 am
I've spoken to PHX and everything seems to be on track. An update will be posted soon (they are busy over Easter).

All I can say is that the fund is up. I'll let PHX break it down for everyone.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: starfishi on April 06, 2015, 01:38:40 pm
I've spoken to PHX and everything seems to be on track. An update will be posted soon (they are busy over Easter).

All I can say is that the fund is up. I'll let PHX break it down for everyone.

indeed, up or down, is the question here . .   :)
(if he´s to busy "over easter", he shouldn´t issue an asset in the first place, me thinks . . )
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on April 07, 2015, 01:12:43 am
I've spoken to PHX and everything seems to be on track. An update will be posted soon (they are busy over Easter).

All I can say is that the fund is up. I'll let PHX break it down for everyone.

indeed, up or down, is the question here . .   :)
(if he´s to busy "over easter", he shouldn´t issue an asset in the first place, me thinks . . )

The asset was issued at the end of February. He has been trading since then. They just took 4 days off over Easter.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: futurist on April 07, 2015, 04:45:25 am
I've spoken to PHX and everything seems to be on track. An update will be posted soon (they are busy over Easter).

All I can say is that the fund is up. I'll let PHX break it down for everyone.

1.5 hours later...250,000 phoenix assets purchased by an account that is #2 hodler of NXTInspect???
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: shin on April 07, 2015, 06:27:16 am
I've spoken to PHX and everything seems to be on track. An update will be posted soon (they are busy over Easter).

All I can say is that the fund is up. I'll let PHX break it down for everyone.

1.5 hours later...250,000 phoenix assets purchased by an account that is #2 hodler of NXTInspect???
Of course, insider information? Please, continue withelding it until a big chunk of the whole assets percentage is sold.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on April 07, 2015, 07:52:15 am
I've spoken to PHX and everything seems to be on track. An update will be posted soon (they are busy over Easter).

All I can say is that the fund is up. I'll let PHX break it down for everyone.

1.5 hours later...250,000 phoenix assets purchased by an account that is #2 hodler of NXTInspect???
Of course, insider information? Please, continue withelding it until a big chunk of the whole assets percentage is sold.

I don't think you know what insider trading means ... let me break it down for you : insider trading is considered buying or dumping shares BEFORE a major announcement is about to be made, and not after. Even though that account is the second largest holder of NXTI , i can't confirm that it's either of the founding members , and even if it was... the buy has been initiated AFTER Whale announced that the fund is up. Also, 250 000 assets are a mere 25 000 nxt, which is 2.5% of the Phoenix fund total value... so please stop pointing fingers for every small detail and focus on what really matters : am i making money for Phoenix or not?

Speaking of, the answer is YES !

I will now break down the investments and profits so far:

1. Dirrect BTC investments have yealded us a total of 1,4 BTC equity -> 2.6% profit
2. Other BTC/altcoin investments that i have yet to close but current value is 1 BTC above the purchase value -> 2% profit
3. Other investments that are soon to give a payout (this week) will give us 0,5 BTC -> 1% profit

Given the fact that i practically invest with a mere 40% of what i should because i repurchased a lot of shares to give the investors a possibility to sell their shares fast and fair... i'd say i did quite ok.

The value of the fund is up by 5,6% in a month. I could say that the return is above average in comparison to other assets, and a 5% monthly grow will insure an exponential growth as intended.

The fact that i'm quiet and don't do daily updates on the thread doesn't mean that i'm not busy at work researching my next opportunity to invest. A sure investment takes a lot of time and research before one jumps in.

I hope that the investors will be happy with the update, and with the fact that i stay true to the mission.

The selling and buying price of the shares will be adjusted according to the update.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on April 07, 2015, 08:24:12 am
I've spoken to PHX and everything seems to be on track. An update will be posted soon (they are busy over Easter).

All I can say is that the fund is up. I'll let PHX break it down for everyone.

1.5 hours later...250,000 phoenix assets purchased by an account that is #2 hodler of NXTInspect???

Initially some people complained about the initial assets being sold too quickly. Investors have now had months to get a position at the original rate and now I'm buying again. It was only 25,000 NXT. I plan to buy more over the coming weeks (personally. that is not investment advice).
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on April 18, 2015, 09:31:39 am
.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: PHX on April 27, 2015, 08:38:57 am
Time to make a NAV update

My BTC direct investments have had a total yield of 3 BTC or 75000 NXT

My CVF shares brought 25000 NXT since the last update

So all in all we're up 100.000 NXT, which results in a total increase of 10%

This means that the new NAV is to be 0.117 NXT per share. As usual, i will adjust the buy wall to 0.116 NXT. A new round of shares will be put up for sale soon.

UPDATE

The shares sell has concluded and was an instant success. The remaining shares will be held in escrow and won't be released for a long time.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on April 29, 2015, 08:49:39 am
A quick tip for those who are not watching the Phoenix account. One of the assets in the account has doubled in price. Therefore you could induce that the NAV will likely go up this week or next (depending on when PHX decides to recalculate).

I'm also requesting some more transparency for investors (similar to what I did for CVF) from the asset issuer, so everyone can see exactly where the profits are coming from.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on April 30, 2015, 02:29:40 am
Due to the deal brokered by NXTinspect, CVF will be merging with Liquid.

Swap ratio: .0075LQD/CVF (1057.58 LQD) and .3NXT/CVF (42,303.3 NXT). Therefore, the total NXT invested into CVF has roughly doubled at 322,561 NXT (at current LQD prices).

MORE INFO: https://nxtforum.org/assets-board/(ann)-liquid-cvf-terms-of-merger-acquisition/
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on May 11, 2015, 12:39:22 pm
NXTinspect CAUTION -

I have not heard from PHX for sometime which does not give me a lot of confidence. If I am going to advise someone, I want regular contact. Therefore, I am issuing a caution on behalf of NXTinspect.

As the funds were protected by NXTi's Escrow service, nothing has been lost. The worst case scenario is that PHX fails to reach me within the deadline that I have given him and we liquidate the asset at NAV.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: Abraxas 147 on May 11, 2015, 01:52:21 pm
deadline is...?

NAV is... ?
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: chanc3r on May 11, 2015, 02:00:45 pm
Deadline I don't know, hopefully he posts tomorrow, its night time for whale...

NAV I think is about 0.13 or maybe a bit more.

I'm not panicking ....
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: LibertyNow on May 11, 2015, 02:53:57 pm
NXTinspect CAUTION -

I have not heard from PHX for sometime which does not give me a lot of confidence. If I am going to advise someone, I want regular contact. Therefore, I am issuing a caution on behalf of NXTinspect.

As the funds were protected by NXTi's Escrow service, nothing has been lost. The worst case scenario is that PHX fails to reach me within the deadline that I have given him and we liquidate the asset at NAV.

Thanks for the heads up whale.  All Phoenix assets are in the escrow fund?
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: starfishi on May 11, 2015, 06:53:11 pm

There were two phoenix arising, at the same time:
CVFS (not CVF) - Little P1 - "Little Phoenix Investment Group" (we know where that has gone) and this Phoenix - Crypto Holdings, and its not just the name, the style reminds me.
I have a bad feeling about this. Ok, now give me my Pauls . .   :)


Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on May 12, 2015, 10:47:26 am
NXTinspect CAUTION -

I have not heard from PHX for sometime which does not give me a lot of confidence. If I am going to advise someone, I want regular contact. Therefore, I am issuing a caution on behalf of NXTinspect.

As the funds were protected by NXTi's Escrow service, nothing has been lost. The worst case scenario is that PHX fails to reach me within the deadline that I have given him and we liquidate the asset at NAV.

Thanks for the heads up whale.  All Phoenix assets are in the escrow fund?

Funds are in the escrow account and accounts that I have full control over and partial control over (altcoin trading). I have already moved the coins out of the accounts that were partially controlled. So there is zero risk of theft.

I gave PHX 48 hours to respond. He now has 24 hours before we liquidate. As chanc3r stated, the NAV is around 0.13.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on May 13, 2015, 09:34:24 am
UPDATE -

The liquidation process has begun. I have set at bid at 0.13 NXT.

Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: printshop on May 13, 2015, 12:22:45 pm
NXTinspect CAUTION -

I have not heard from PHX for sometime which does not give me a lot of confidence. If I am going to advise someone, I want regular contact. Therefore, I am issuing a caution on behalf of NXTinspect.

As the funds were protected by NXTi's Escrow service, nothing has been lost. The worst case scenario is that PHX fails to reach me within the deadline that I have given him and we liquidate the asset at NAV.

I know from experience this isn't possible. You can't liquidate anything at NAV, that isn't how markets work.

Then there is the issue of what the NAV is. Calls for information have been repeatedly ignored. If this isn't a sinking ship I've never seen one. Whatever you do don't tell people you're selling PHX's assets, or you won't get a dime on the dollar.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: 13Darko on May 13, 2015, 02:29:36 pm
Wait. The 0.13 bid wall is gone. Is that all? Or will you set up another one later?  ???
I still hasn't redeemed my PHX.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on May 13, 2015, 10:28:31 pm
Wait. The 0.13 bid wall is gone. Is that all? Or will you set up another one later?  ???
I still hasn't redeemed my PHX.

More walls to come within 12 hours. I'm yet to move more NXT into the account as some of it is still in alt coins.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: 13Darko on May 13, 2015, 10:56:54 pm
Wait. The 0.13 bid wall is gone. Is that all? Or will you set up another one later?  ???
I still hasn't redeemed my PHX.

More walls to come within 12 hours. I'm yet to move more NXT into the account as some of it is still in alt coins.

I started to worry already... Thanks for the answer, whale. Too bad it's beeing liquidated, I liked this asset.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on May 13, 2015, 11:19:38 pm
Wait. The 0.13 bid wall is gone. Is that all? Or will you set up another one later?  ???
I still hasn't redeemed my PHX.

More walls to come within 12 hours. I'm yet to move more NXT into the account as some of it is still in alt coins.

I started to worry already... Thanks for the answer, whale. Too bad it's beeing liquidated, I liked this asset.

Me too. Hence why I purchased a huge chunk at a premium. I had some future ideas for the project but PHX just wasn't the right person. I would rather end this safely than risk waiting, as the community has been scammed enough lately.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: printshop on May 14, 2015, 03:00:29 am
Wait. The 0.13 bid wall is gone. Is that all? Or will you set up another one later?  ???
I still hasn't redeemed my PHX.

More walls to come within 12 hours. I'm yet to move more NXT into the account as some of it is still in alt coins.

I started to worry already... Thanks for the answer, whale. Too bad it's beeing liquidated, I liked this asset.

Me too. Hence why I purchased a huge chunk at a premium. I had some future ideas for the project but PHX just wasn't the right person. I would rather end this safely than risk waiting, as the community has been scammed enough lately.

So how much did people lose on this one?
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: chanc3r on May 14, 2015, 05:30:47 am
I can only speak personally

I had 2/3rds at IPO price of 0.1 and 1/3 at 0.155 which gave me a blend of 0.118 so redeeming at 0.13 still gives me some benefit.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: starfishi on May 14, 2015, 06:18:32 am
Wait. The 0.13 bid wall is gone. Is that all? Or will you set up another one later?  ???
I still hasn't redeemed my PHX.

More walls to come within 12 hours. I'm yet to move more NXT into the account as some of it is still in alt coins.

I started to worry already... Thanks for the answer, whale. Too bad it's beeing liquidated, I liked this asset.

Me too. Hence why I purchased a huge chunk at a premium. I had some future ideas for the project but PHX just wasn't the right person. I would rather end this safely than risk waiting, as the community has been scammed enough lately.

There is no such thing as a "discount", it always,always comes with a cost . .


Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: rajc on May 14, 2015, 07:22:49 am
well, selling 497'500 phoenix at 0.155 with insider info (my suspicion) kind of hurts your reputation whale.

but chanc3r is happy with the deal. at least until now he was:D



I can only speak personally

I had 2/3rds at IPO price of 0.1 and 1/3 at 0.155 which gave me a blend of 0.118 so redeeming at 0.13 still gives me some benefit.

edit: now when i think more, there are some possible interpretations that presuppose your good intentions
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: chanc3r on May 14, 2015, 07:33:20 am
He knew who the buy was...
He knew I'd got in cheaper than him...
He knew with the liquidation NAV it would not hurt too much...
He told me in slack as he pressed the sell button...
So some points were scored...
But I think I'm still ahead...  :P

well, selling 497'500 phoenix at 0.155 with insider info (my suspicion) kind of hurts your reputation whale.

but chanc3r is happy with the deal. at least until now he was:D



I can only speak personally

I had 2/3rds at IPO price of 0.1 and 1/3 at 0.155 which gave me a blend of 0.118 so redeeming at 0.13 still gives me some benefit.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: rajc on May 14, 2015, 07:36:37 am
yes i realized later, that this is possibility
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on May 14, 2015, 07:56:28 am
well, selling 497'500 phoenix at 0.155 with insider info (my suspicion) kind of hurts your reputation whale.

but chanc3r is happy with the deal. at least until now he was:D



I can only speak personally

I had 2/3rds at IPO price of 0.1 and 1/3 at 0.155 which gave me a blend of 0.118 so redeeming at 0.13 still gives me some benefit.

edit: now when i think more, there are some possible interpretations that presuppose your good intentions

As chanc3r pointed out, we were talking on slack at the time. This is because we were discussing a possible take-over of the fund. At the time there was no talk of liquidation. If you follow my trades on PHX, I sold and bought continuously.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on May 14, 2015, 07:59:14 am
Wait. The 0.13 bid wall is gone. Is that all? Or will you set up another one later?  ???
I still hasn't redeemed my PHX.

More walls to come within 12 hours. I'm yet to move more NXT into the account as some of it is still in alt coins.

I started to worry already... Thanks for the answer, whale. Too bad it's beeing liquidated, I liked this asset.

Me too. Hence why I purchased a huge chunk at a premium. I had some future ideas for the project but PHX just wasn't the right person. I would rather end this safely than risk waiting, as the community has been scammed enough lately.

There is no such thing as a "discount", it always,always comes with a cost . .

Here's the actual outcome 1) no one got scammed 2) the fund's NAV was up 30%. Here's an alternate outcome 1) Everyone lost their money 2) the fund's NAV was down 30%

What would you rather?
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on June 01, 2015, 04:33:29 am

ANNOUNCEMENT


Some of you are still yet to sell your PHX. Therefore, I am putting in place a deadline.

June 14 2015 will be the last day you can redeem your PHX. Please ensure you sell your PHX by this date.

The remaining NXT will be in the next NXTinspect dividend.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: printshop on June 01, 2015, 10:40:19 am

ANNOUNCEMENT


Some of you are still yet to sell your PHX. Therefore, I am putting in place a deadline.

June 14 2015 will be the last day you can redeem your PHX. Please ensure you sell your PHX by this date.

The remaining NXT will be in the next NXTinspect dividend.

What gives you the right to annex investor's money? You don't have the right to do this.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on June 14, 2015, 09:49:17 am
Please ensure you have redeemed your PHX before the bid is removed.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: TwinWinNerD on June 14, 2015, 10:52:58 am
why not just leave the bid there openended?
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: whale on June 15, 2015, 04:10:25 am
why not just leave the bid there openended?

To encourage people to sell. There is no reason anyone should be still holding PHX and it has been over a month since the closure was announced. Furthermore, people will be able to send any member of the NXTi team a message to redeem their PHX privately before the next dividend.

I'll keep it up for a few more days, though there hasn't been a trade for over two weeks.
Title: Re: [ANN] Phoenix PHX - Crypto Holdings
Post by: KarlKarlsson on June 17, 2015, 11:39:58 pm
I am roadtripping and therefore not able to redeem until end of July. I am fine with sending you a message then for the redemption.

Regards,
Karl
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