RE:RE:Follow up convo! https://learnfinancefast.com/
All facts. You're goig to be flushed out if you don't fight back. Clayton is wiping with your bills.
I encourage all shareholders to read this article with open eyes and ears. Sue them. Sue them all!
$100,000 a month of CLAIMED revenue (7:50 minute mark)! 7500 dollars are the revenues for Q2.
As a one time holder of Netcents, I find the lack of clarity, deceptive forms of news releases and the overall ‘pump’ atmosphere surrounding the company concerning.
Today we will take a look at what is inherently wrong with Netcents, what they claimed, and then went against in following posts, as well as some information presented through interviews with the CEO Clayton Moore that is down right deceitful. We will then move into looking at how the BCSC is making an informed decision, and what they are actually looking into.
Clayton Moore
Mr. Clayton Moore is the founder of NetCents Technology Inc. (formerly, NetCents Systems Ltd) and has been its Chief Executive Officer since 2006. Mr. Moore served as the President of NetCents Systems Ltd., since 2006. Mr. Moore served as the Chief Executive Officer and President of On4 Communications, Inc. since November 4, 2011 until March 5, 2015 and served as its Principal Financial Officer and Principal Accounting Officer. On4 is worth looking into as well, since it left shareholders burnt!
Clayton Moore graduated from Caledonia University with a Business Administration degree.
His annual compensation, without stock options is $180,000 for this small cap!
Annual Compensation:
Currently, no workers work for Netcents… At least by their financial reports. As indicated under general expenditures, no salaries show up. So either these employees worked part time, or were compensated off paper. Red flag.
NCCO
Lack of clarity or down right deception from the start.
- Netcents never released market cap numbers until 3 months after the sale of tranche 1 and 2. Why not? It’s not hard…
- Claimed the entity of NCCO was being held in Zug from the beginning, but now we have Jenn (their marketing manager [BY JENN LOWTHER]) claiming they didn’t know where to put it (https://blog.net-cents.com/2018/05/25/all-about-the-coin/) …. “Given the unknown timeline in Switzerland, we have decided to proceed with a Cayman Island set-up and have engaged local counsel to proceed with the incorporation.”
- Why were shareholders mislead on this extremely important point? The market cap of the coin sales was estimated to be between 15 to 30 million dollars, and was never held where it was labelled to be held in official documentation. This is a huge red flag. It was indicated to be held in Zug, but no it has come out that the reality is they were uncertain as to where deposit the money.
- NCCO is built on multichain. Jenn makes this statement, “All IP and business know-how relating to the coin will be transferred to the foundation on an arm’s length basis. A technical management agreement will be entered into with NetCents to manage the technical side of NCCO.” But as an engineer I can assure readers that there is no IP. Absolutely no intellectual property, both created or filed. It is built on an open source, MIT licensed package. This is absolutely a lie.
I want to just say her name again, when a scam unravels, she needs to go down with the boat: JENN LOWTHER
The disappearing news release act
As a one time holder of Netcents, I followed the news releases very very closely. Looking for some form of execution. I am saddened to say that almost every NR held claims that were later swept aside.
Take a look:
What happened to this? It’s like it disappeared https://webfiles.thecse.com/filings/2016_03_21_9_33_48_NC_NETCENTS_CONTINUES_TO_EXPAND_GLOBALLY_THROUGH_STRATEGIC_AGREEMENT_WITH_INTERNATIONAL_REMIT.pdf Supposed to remittance.
Nothing came of it Integration with paypal? Did this ever ever happen?? https://webfiles.thecse.com/NetCents_June22_2016_PayPal.pdf
Bitstamp disappeared…. https://webfiles.thecse.com/NetCents_Bitstamp.pdf
Partnered with bitt.com but no other news… https://webfiles.thecse.com/NetCents_BITT.pdf Can now be used by ebay? shopify? expedia? Fluff article with no other information… https://webfiles.thecse.com/NetCents-MerchantsNR_Now_Offering_User_Purchasing_With_Amazon_etc.pdf Contract to process 2.4 million MONTHLY. BUT Nothing happened.
Instead Digital Altitude sued NC. https://webfiles.thecse.com/NetCents_Merchant_Contract_DA.pdf
In 2016 They claimed to already be processing over 1 million for A client: https://webfiles.thecse.com/NetCents_1_Million_in_Processing.pdf
Licenced themselves with ChorusPay: https://webfiles.thecse.com/NetCents_License_Deal_ChorusPay.pdf
Choruspay is a website and only a website which net-cents manages/handles. So they lied with this article in an attempt to get more shareholder money. Nothing came of this company. Infact they had to make a follow up correction to fix their lie: https://webfiles.thecse.com/NetCents_Corp_Update_June_1_2017.pdfhttps://webfiles.thecse.com/NetCents_Clarification_06.02.2017.pdf
And LottoGopher? https://webfiles.thecse.com/NetCents_Lottogopher_Final.pdf
Oh, they claim to have integrated with newmind and liftmode: https://webfiles.thecse.com/NetCents_Increased_Volumes_NewMind_and_LiftMode.pdf One article, then it’s gone.
Even More merchants: https://webfiles.thecse.com/NetCents_New_Clients_Aug_16_2017.pdf But where’s the numbers/volume?
Pumping Articles Everywhere (Clayton Interviews)
This was a pumping article, where fake contracts and number were showed on the investor deck:
https://www.irw-press.com/de/news/ac-research-ueber-netcents-technology-inc-dieses-fintech-start-up-revolutioniert-das-digitale-bezahlwesen-269-kurschance-mit-dieser-fintech-aktie_36154.html?isin=CA64112G1054