-For immediate release, Dec. 1, 18:15 GMT from Liquid Technologies (LQD)
I've given a lot of thought and had many discussions on how to move forward with Mike after this unfortunate loss to LQD. Mike's a great guy and a fantastic trader and I would hate to lose him. There is no evidence that he had any part of this malicious attack and he has been completely transparent and open about it despite the pain it has personally caused him.
Therefore, I continue to stand by Mike as a friend and partner. We have decided that he will stay with LQD and continue trading. LQD will accept the $21k loss as "shit just happens sometimes in business" and Mike will not be held personally accountable for it (pretty standard for how trading businesses handle these situations) and Mike will have his 15k (NXT-22QT-NM35-HZMF-HHXKN) LQD frozen shares reinstated to receive dividends again.
With regards to the Forex account, we will slowly build it back up to $10k through trading and deposits. Every month, half of the profit will be converted to crypto. With regards to the bonus share program for myself and Mike, I've decided to suspend it until liquidation NAV is back over 85. I don't feel right even considering this until our fund has been made whole again.
Finally, a few kind souls have reached out to Mike and offered capital to help repay LQD's loss. If you are one of those people or anybody else that would like to help us get past this, the best thing you can do is buy more LQD shares. As you know, the IPO is still going on until we reach 500k issued shares. So, all shares purchased, whether directly from the sell wall or somebody else, helps raise funds. Due to the large sell wall currently in front of ours on the AE, I specifically encourage supporters to buy from the Poloniex LQD/BTC sell wall. This helps us immediately receive capital that can quickly be converted to Forex.
Thank you again for your support through this. Those of you who know us better, know how hard Mike and I work for LQD and how much we're committed to its success. So, you also know how very hard this hit us. However, we are going to persevere and continue to give our very best to re-growing LQD and sharing its success with all our investors.
Sincerely,
LibertyNow
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Topic: News & Media (Read 4301 times)