You are bringing up the wrong document, are you trying to cover up something?
I'm familiar with what you're talking about, as I quoted part of it in my thread threatening legal action. If you remember, this coin went through.. 3 or 4 launch attempts, in 2 phases. At the outset he stated how IPO funds would be to purchase GPUs to stock the store with. This was prior to initial launch. That first launch failed miserably as predicted. He then tried another launch a few days later which also fell on its face.
Upon realizing how epic his failure was and the fact he sucks at management, he had to hire a new team. He then stated he would use part of the funds for this measure, and that an IPO could get out if they wanted out by simply submitting an email. Why is this? Because of the failure to launch properly as was in the terms, and the slight term change. There was a 5 day window for this I believe, during which I got out along with some others.
Phase 2 had 2 more launches which were soft launches which finally went proper, one was the wallet generating low value blocks, and the next was a day later when the system went live. A good move by the devs I might add. At this point, IPO refunds had been processed, most of the 70 GPUs had been purchased (I believe it was around that number), and the new (3rd) dev team had been paid.
If you re-read the first... 200-300 pages of this thread, you'll see all of that.
Now, once again, here's the thing. He offered a product in exchange for BTC. This is the legal transaction being agreed upon, you're agreeing to take GPUC for the exchange of BTC. The swap was made, the transaction is considered complete. Even if he fudged his repurpose of the BTC, it wouldn't matter because in VA's eyes, it's "HIS BTC" once the agreement was fulfilled for the GPUC/BTC.
It would be like Walmart saying they're going to support The Unicorns and Rainbow Foundation with their profits if you buy TVs from them, but then they decide to take 2% for themselves instead of use all of it, after you buy TV's. It doesn't matter.
Unless you're listed on his paperwork as a partner of interest or a managing business partner, he did nothing wrong because you have 0% interest in company funds.
I'm confident that at some point your hopes and emotions will die off and reality will sink in. You stayed in an investment which senior members bailed on when they saw it was going belly up, and saw that someone incapable of managing, was in charge. And here's your reward.
Best of luck.
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