SolidSnake wrote on 29
th Dec, 2014 at 11:06am:
So, if I get this right, on Wednesday our BAPs will be converted to shares that we will be able to turn to funds sometime later.
But this also means that a reset of PV will happen and we will be able to purchase advertising again for fresh BAPs, and since a lot of people will be doing this we get a chance to get our 155% quite quickly this time (at least in the beginning).. so it's actually a good chance for some quick profits?
I remember they have done similar acts in the past but do you think that could work that way..?
I think I'll be able to do some damage on Wednesday.. I have only one concern..
Do you guys think PayPal would be alright with those massive sales?
I think you've managed to hit every major nail on the head.
You've asked the 64 million BAP question.
Yes, I think it will work as you say except that you could turn your shares from BAP into cash immediately but you would probably guarantee a loss since you will need to sell them for at least 7 cents to break even
The have done similar things in the past but the difference is they did it with cash and not BAPs. That made the past moves even worse because the only funds we had available were dividends and outside funding. This time we have cash so the rebound activity could happen quicker than expected
I will also be doing some damage but if I told you how much I wouldn't have to kill you but you might have to kill me
Paypal is the x factor. Technically, paidverts is not doing anything wrong since the BAPs are a bonus plan. They are not the platform upon which the service agreement with paypal is established. The BAPs technically have a market value of zero (think of them as coupons where the coupon will declare in legalise that they have no cash value).
In order to keep paypal happy, paidverts only has to be selling ads and delivering those impressions. That PV uses the BAPs to incentivise the delivery of those impressions has nothing to do with paypal.
That being said, if 30K members suddenly opened a dispute, how can paypal's bomb detectors not go off? It is just in their nature to react to a situation like that and lock down first ask questions later. They could do that.
Some factors in their favor against this happening:
PV has it's own personal account rep. So getting this sorted should be expedited
PV has the income to handle each and every dispute with cash on hand
They also have the huge fund on account at PP that is under a timed hold period
I think this is why he went after the BAPs (and possibly set up the BAP structure this way, to make a swap as bullet proof legally as possible)
So what ever happens with the PP dragon in the corner is up for speculation
On the plus side, losing paypal might only slow them down and if they can get credit cards installed on the site the issue will be minimized