Since I don't really like playing Chicken Little, I thought that it would only be fair if I posted this comment from John McDougall, the head of Stormpay, regarding the information I previously posted.
"Wow, when the rumors start flying, they take off at light speed! There is a rumor going around that StormPay was ordered to cease and desist by the State of TN. Actually, that is a half truth. Back in late August we did receive a cease and desist order from the state. The order was not telling us to cease and desist doing business, it was in fact in regard to the partner shares and the old TymGlobal sites. We have provided an argument to the TymGlobal sites and the State has since silenced since we were able to provide EVERYTHING they asked for and proved the legitimacy of what we were doing (although mlm is still considered questionable). As far as the partner shares portion of it, the State was misinformed and thinking we were continuing to sale Partner shares. The shares are considered "securities" and if you sell over $250,000 worth of securities you MUST first register with the state. As you know, we only allocated 490 shares at $285 each, which totalled $139,650. Not only that, we were also able to show where we have paid out much more than that to our investors. Again, the State has silenced on the issue. StormPay is licensed and registered with every necessary agency to continue providing the same services we have always offered. All licenses and registrations are available at our offices." So, as always there are multiple sides to the same story. As I previously stated, the allegations made by the Tennessee securities authorities are just that. I personally dropped Stormpay from the list of currencies I would use almost as rapidly as I started using it; however this is eveyone's own decision to make of course. Frank --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
