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  68. Date: Fri, 19 Dec 2014 11:04:34 -0500
  69. Message-ID: <CAN=nMPUva9ZUy16tEC9sXWQsc18crFbiDnLcrpU4tWDubfJOgw@mail.gmail.com>
  70. Subject: Re: I had a dream
  71. From: Jonah Dorman <[email protected]>
  72. To: Josh Garza <[email protected]>
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  82.  
  83. --001a1132f0806dcfaf050a93dd3e
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  86.  
  87. Will Do.
  88.  
  89. On Fri, Dec 19, 2014 at 10:12 AM, Josh Garza <[email protected]> wrote:
  90. >
  91. > I am just meeting with you and Joe. I do not have the patience to explain
  92. > everything ten times to him today.
  93. >
  94. > Please circle up with him after the meeting to explain the plan
  95. >
  96. > Sent from my mobile phone
  97. > On Dec 19, 2014 10:09 AM, "Dan Kelley" <[email protected]> wrote:
  98. >
  99. >> Let's meet to discuss this. In the interim, would it be wise to take dow=
  100. n
  101. >> our Paycoin HashStaker Wallet at $11.95 on GAW Miners?
  102. >>
  103. >> Dan
  104. >>
  105. >> Daniel J. Kelley
  106. >> President, COO
  107. >> Geniuses at Work
  108. >> 34 East Dudley Town Rd.
  109. >> Bloomfield CT. 06002
  110. >> 413-271-7630
  111. >>
  112. >> [image: Inline image 2]
  113. >> *CHANGING LIVES THROUGH INNOVATION*
  114. >>
  115. >> On Fri, Dec 19, 2014 at 10:05 AM, Josh Garza <[email protected]> wrote:
  116. >>>
  117. >>> The discussion was about not letting them list to early. How could we
  118. >>> stop them forever? It's a public coin.
  119. >>>
  120. >>> No ideas?
  121. >>>
  122. >>> Sent from my mobile phone
  123. >>> On Dec 19, 2014 10:02 AM, "Joe Mordica" <[email protected]> wrote:
  124. >>>
  125. >>>> I always assumed we would discourage exchanges from trading the coin t=
  126. o
  127. >>>> the point of legal action. Recently I realized that was not the case b=
  128. ut I
  129. >>>> thought I remember us having a conversation about this before launch.
  130. >>>>
  131. >>>>
  132. >>>>
  133. >>>> --
  134. >>>>
  135. >>>> *Joe Mordica*
  136. >>>> *CTO*
  137. >>>> GAW
  138. >>>> 22 Millbranch Rd Bldg 800
  139. >>>> Hattiesburg, MS 39402
  140. >>>>
  141. >>>> Anywhere: 601-602-5061
  142. >>>> Fax: 413-206-7101
  143. >>>>
  144. >>>> www.gawlabs.com
  145. >>>>
  146. >>>> On Dec 19, 2014, at 06:03, Josh Garza <[email protected]> wrote:
  147. >>>>
  148. >>>> Take the floor away and the whole coin collapses. More over, I do not
  149. >>>> think I could be involved after that. There is no greater definition o=
  150. f a
  151. >>>> bait and switch. This community would burn us at the stake.
  152. >>>>
  153. >>>> On Friday, December 19, 2014, Dan Kelley <[email protected]>
  154. >>>> wrote:
  155. >>>>
  156. >>>>> I understand. But subsidizing a false floor is not an option.
  157. >>>>>
  158. >>>>> Dan
  159. >>>>>
  160. >>>>> Daniel J. Kelley
  161. >>>>> President, COO
  162. >>>>> Geniuses at Work
  163. >>>>> 34 East Dudley Town Rd.
  164. >>>>> Bloomfield CT. 06002
  165. >>>>> 413-271-7630
  166. >>>>>
  167. >>>>> [image: Inline image 2]
  168. >>>>> *CHANGING LIVES THROUGH INNOVATION*
  169. >>>>>
  170. >>>>> On Fri, Dec 19, 2014 at 6:58 AM, Josh Garza <[email protected]> wrote:
  171. >>>>>>
  172. >>>>>> That will not change the issue. The fundamental issue is this entire
  173. >>>>>> currency was sold under the idea that there would be a floor. To cha=
  174. nge
  175. >>>>>> that idea, would be to change the core concept thus making the entir=
  176. e
  177. >>>>>> community reject it.
  178. >>>>>>
  179. >>>>>> The floor is the issue.
  180. >>>>>>
  181. >>>>>>
  182. >>>>>> On Friday, December 19, 2014, Dan Kelley <[email protected]>
  183. >>>>>> wrote:
  184. >>>>>>
  185. >>>>>>> The model will need to change, but not the purpose --- commercial
  186. >>>>>>> adoption
  187. >>>>>>>
  188. >>>>>>> Dan
  189. >>>>>>>
  190. >>>>>>> Daniel J. Kelley
  191. >>>>>>> President, COO
  192. >>>>>>> Geniuses at Work
  193. >>>>>>> 34 East Dudley Town Rd.
  194. >>>>>>> Bloomfield CT. 06002
  195. >>>>>>> 413-271-7630
  196. >>>>>>>
  197. >>>>>>> [image: Inline image 2]
  198. >>>>>>> *CHANGING LIVES THROUGH INNOVATION*
  199. >>>>>>>
  200. >>>>>>> On Fri, Dec 19, 2014 at 6:39 AM, Josh Garza <[email protected]> wrote:
  201. >>>>>>>>
  202. >>>>>>>> and I just woke up thinking about it. And it's not a good one.
  203. >>>>>>>>
  204. >>>>>>>> Our entire paybase and xpy model is flawed. It has been to begin
  205. >>>>>>>> with. The crazy thing, no a single person or just has ever brought=
  206. it up.
  207. >>>>>>>>
  208. >>>>>>>> Here is why. Let's separate things in to two buckets
  209. >>>>>>>>
  210. >>>>>>>> The first is people that buy xpy directly from Paybase at the full
  211. >>>>>>>> price of $20. We would need to escrow every penny of that right? B=
  212. ecause
  213. >>>>>>>> that person would want liquidity for every penny because they paid=
  214. full
  215. >>>>>>>> price. Right? Makes sense. Only that means we never can use that m=
  216. oney.
  217. >>>>>>>>
  218. >>>>>>>> Now that not the issue. The issue is way worse then that. As the
  219. >>>>>>>> above only means we would have to make money some other way. No, t=
  220. he issue
  221. >>>>>>>> comes next.
  222. >>>>>>>>
  223. >>>>>>>> Let's assume the the following it true. For the next year, for
  224. >>>>>>>> whatever the reasons are, the price of xpy only goes up to 18 on t=
  225. he open
  226. >>>>>>>> market. Maybe it will go higher, but let's agree that it's out of =
  227. our
  228. >>>>>>>> control and that's the case.
  229. >>>>>>>>
  230. >>>>>>>> So this would then mean, a person would be able to game us forever=
  231. .
  232. >>>>>>>> They could go to the market, buy for 18 and come sell to us for 20=
  233. over and
  234. >>>>>>>> over and over again. Outside the limits we out in place, there is =
  235. nothing
  236. >>>>>>>> we can do to stop that.
  237. >>>>>>>>
  238. >>>>>>>> This then also means we would constantly loose money from this. No=
  239. w
  240. >>>>>>>> here is the scary part, combine the first thing i said. If we are =
  241. escrowing
  242. >>>>>>>> all the new xpy they buy from us, where does the new money come fr=
  243. om to
  244. >>>>>>>> cover that spread?
  245. >>>>>>>>
  246. >>>>>>>> Now, multiply that by 10 million, and forever. Coming together now=
  247. ?
  248. >>>>>>>> The entire model is flawed.
  249. >>>>>>>>
  250. >>>>>>>> This is a big deal.
  251. >>>>>>>>
  252. >>>>>>>> I am working on trying to figure out anyway around this. But the
  253. >>>>>>>> issue is the entire model is built around these concepts. I just c=
  254. an not
  255. >>>>>>>> believe I never thought of this before. There is no way this will =
  256. work
  257. >>>>>>>>
  258. >>>>>>>> I will have amber call a meeting so we can talk about what options
  259. >>>>>>>> we have.
  260. >>>>>>>>
  261. >>>>>>>>
  262. >>>>>>>> --
  263. >>>>>>>>
  264. >>>>>>>> *Josh Garza*
  265. >>>>>>>> *CEO- *GAW Corp
  266. >>>>>>>>
  267. >>>>>>>>
  268. >>>>>>> =E2=80=9CThe information contained in this email message may be
  269. >>>>>>> confidential. If you are not the intended recipient any use, distri=
  270. bution,
  271. >>>>>>> disclosure or copying of this information is prohibited. If you rec=
  272. eive
  273. >>>>>>> this email in error, please tell us by return email and destroy thi=
  274. s
  275. >>>>>>> communication and any attachments from your system.=E2=80=9D
  276. >>>>>>>
  277. >>>>>>
  278. >>>>>>
  279. >>>>>> --
  280. >>>>>>
  281. >>>>>> *Josh Garza*
  282. >>>>>> *CEO- *GAW Corp
  283. >>>>>>
  284. >>>>>>
  285. >>>>> =E2=80=9CThe information contained in this email message may be confi=
  286. dential.
  287. >>>>> If you are not the intended recipient any use, distribution, disclosu=
  288. re or
  289. >>>>> copying of this information is prohibited. If you receive this email =
  290. in
  291. >>>>> error, please tell us by return email and destroy this communication =
  292. and
  293. >>>>> any attachments from your system.=E2=80=9D
  294. >>>>>
  295. >>>>
  296. >>>>
  297. >>>> --
  298. >>>>
  299. >>>> *Josh Garza*
  300. >>>> *CEO- *GAW Corp
  301. >>>>
  302. >>>>
  303. >>>> =E2=80=9CThe information contained in this email message may be confid=
  304. ential.
  305. >>>> If you are not the intended recipient any use, distribution, disclosur=
  306. e or
  307. >>>> copying of this information is prohibited. If you receive this email i=
  308. n
  309. >>>> error, please tell us by return email and destroy this communication a=
  310. nd
  311. >>>> any attachments from your system.=E2=80=9D
  312. >>>>
  313. >>>
  314. >> =E2=80=9CThe information contained in this email message may be confiden=
  315. tial. If
  316. >> you are not the intended recipient any use, distribution, disclosure or
  317. >> copying of this information is prohibited. If you receive this email in
  318. >> error, please tell us by return email and destroy this communication and
  319. >> any attachments from your system.=E2=80=9D
  320. >>
  321. >
  322.  
  323. --=20
  324. =20
  325.  
  326. =E2=80=9CThe information contained in this email message may be confidentia=
  327. l. If=20
  328. you are not the intended recipient any use, distribution, disclosure or=20
  329. copying of this information is prohibited. If you receive this email in=20
  330. error, please tell us by return email and destroy this communication and=20
  331. any attachments from your system.=E2=80=9D
  332.  
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  336.  
  337. <div dir=3D"ltr">Will Do.</div><div class=3D"gmail_extra"><br><div class=3D=
  338. "gmail_quote">On Fri, Dec 19, 2014 at 10:12 AM, Josh Garza <span dir=3D"ltr=
  339. ">&lt;<a href=3D"mailto:[email protected]" target=3D"_blank">[email protected]</a>&gt=
  340. ;</span> wrote:<blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex=
  341. ;border-left:1px #ccc solid;padding-left:1ex"><p dir=3D"ltr">I am just meet=
  342. ing with you and Joe. I do not have the patience to explain everything ten =
  343. times to him today. </p>
  344. <p dir=3D"ltr">Please circle up with him after the meeting to explain the p=
  345. lan </p><span class=3D"im HOEnZb">
  346. <p dir=3D"ltr">Sent from my mobile phone </p>
  347. </span><div class=3D"HOEnZb"><div class=3D"h5"><div class=3D"gmail_quote">O=
  348. n Dec 19, 2014 10:09 AM, &quot;Dan Kelley&quot; &lt;<a href=3D"mailto:dan@g=
  349. eniusesatwork.com" target=3D"_blank">[email protected]</a>&gt; wrote:<=
  350. br type=3D"attribution"><blockquote class=3D"gmail_quote" style=3D"margin:0=
  351. 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir=3D"ltr"><di=
  352. v class=3D"gmail_default" style=3D"font-family:georgia,serif">Let&#39;s mee=
  353. t to discuss this. In the interim, would it be wise to take down our Paycoi=
  354. n HashStaker Wallet at $11.95 on GAW Miners?</div></div><div class=3D"gmail=
  355. _extra"><br clear=3D"all"><div><div><div dir=3D"ltr"><div><div dir=3D"ltr">=
  356. <div><div dir=3D"ltr"><font face=3D"georgia, serif">Dan</font><div><font fa=
  357. ce=3D"georgia, serif"><br></font></div><div><font face=3D"georgia, serif" c=
  358. olor=3D"#000000">Daniel J. Kelley</font></div><div><font face=3D"georgia, s=
  359. erif" color=3D"#000000">President, COO</font></div><div><font face=3D"georg=
  360. ia, serif" color=3D"#000000">Geniuses at Work=C2=A0</font></div><div><font =
  361. face=3D"georgia, serif"><span style=3D"color:rgb(0,0,0)">34 East Dudley Tow=
  362. n Rd.=C2=A0</span><br></font></div><div><font face=3D"georgia, serif" color=
  363. =3D"#000000">Bloomfield CT. 06002<br></font></div><div><span style=3D"font-=
  364. family:georgia,serif;font-size:small"><a href=3D"tel:413-271-7630" value=3D=
  365. "+14132717630" target=3D"_blank">413-271-7630</a></span><font color=3D"#000=
  366. 000" face=3D"georgia, serif"><br></font></div><div><font color=3D"#000000" =
  367. face=3D"georgia, serif"><br></font></div><div><img src=3D"https://mail.goog=
  368. le.com/mail/u/0/?ui=3D2&amp;ik=3D2b4316a7bd&amp;view=3Dfimg&amp;th=3D149a11=
  369. 79c8c684e3&amp;attid=3D0.1&amp;disp=3Demb&amp;realattid=3Dii_1495cb4037f207=
  370. 9b&amp;attbid=3DANGjdJ8T0lzB6V33SwaufB7y2zJ8j2HHY9yEYvBHkkdF-xzf4R2839LMuvG=
  371. QIo65uC9nBTXJ-XAPOct_tTQaQjMGJY1mjbvjEC0PY3F5e9XKvKOgvuqzZBD8koQfCMI&amp;sz=
  372. =3Dw1600-h1000&amp;ats=3D1415746923471&amp;rm=3D149a1179c8c684e3&amp;zw&amp=
  373. ;atsh=3D1" alt=3D"Inline image 2"><font color=3D"#000000" face=3D"georgia, =
  374. serif"><br></font></div><div><b><i><font face=3D"georgia, serif">CHANGING L=
  375. IVES THROUGH INNOVATION</font></i></b><br></div></div></div></div></div></d=
  376. iv></div></div>
  377. <br><div class=3D"gmail_quote">On Fri, Dec 19, 2014 at 10:05 AM, Josh Garza=
  378. <span dir=3D"ltr">&lt;<a href=3D"mailto:[email protected]" target=3D"_blank">jo=
  379. [email protected]</a>&gt;</span> wrote:<blockquote class=3D"gmail_quote" style=3D"=
  380. margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><p dir=3D"lt=
  381. r">The discussion was about not letting them list to early. How could we st=
  382. op them forever? It&#39;s a public coin. </p>
  383. <p dir=3D"ltr">No ideas? </p>
  384. <p dir=3D"ltr">Sent from my mobile phone </p><div><div>
  385. <div class=3D"gmail_quote">On Dec 19, 2014 10:02 AM, &quot;Joe Mordica&quot=
  386. ; &lt;<a href=3D"mailto:[email protected]" target=3D"_blank">joe@geniu=
  387. sesatwork.com</a>&gt; wrote:<br type=3D"attribution"><blockquote class=3D"g=
  388. mail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-l=
  389. eft:1ex"><div dir=3D"auto"><div>I always assumed we would discourage exchan=
  390. ges from trading the coin to the point of legal action. Recently I realized=
  391. that was not the case but I thought I remember us having a conversation ab=
  392. out this before launch.</div><div><br></div><div><br><br>--<br><br><div><sp=
  393. an style=3D"background-color:rgba(255,255,255,0)"><b>Joe=C2=A0Mordica</b><b=
  394. r><b>CTO</b><br>GAW<br>22 Millbranch Rd Bldg 800</span></div><div><span sty=
  395. le=3D"background-color:rgba(255,255,255,0)">Hattiesburg, MS 39402<br><br>An=
  396. ywhere: <a href=3D"tel:601-602-5061" value=3D"+16016025061" target=3D"_blan=
  397. k">601-602-5061</a><br></span><div><font style=3D"background-color:rgba(255=
  398. ,255,255,0)">Fax:=C2=A0<span title=3D"Call with Google Voice"><a value=3D"+=
  399. 14132067101"></a><a href=3D"tel:413-206-7101" target=3D"_blank">413-206-710=
  400. 1</a></span><br></font><div><font color=3D"#000000"><span style=3D"backgrou=
  401. nd-color:rgba(255,255,255,0)"><a href=3D"mailto:[email protected]" target=3D"=
  402. _blank">[email protected]</a><br></span></font><div><p style=3D"margin:0px"><=
  403. span style=3D"background-color:rgba(255,255,255,0)"><u></u></span></p></div=
  404. ><div><p style=3D"margin:0px"><span style=3D"background-color:rgba(255,255,=
  405. 255,0)"><u></u></span></p></div><div><p style=3D"margin:0px"><span style=3D=
  406. "background-color:rgba(255,255,255,0)"><u></u></span></p></div><div><p styl=
  407. e=3D"margin:0px"><span style=3D"background-color:rgba(255,255,255,0)"><u></=
  408. u></span></p></div><div><p style=3D"margin:0px"><span style=3D"background-c=
  409. olor:rgba(255,255,255,0)"><u></u></span></p></div><div><p style=3D"margin:0=
  410. px"><span style=3D"background-color:rgba(255,255,255,0)"><u></u></span></p>=
  411. </div><div><p style=3D"margin:0px"><span style=3D"background-color:rgba(255=
  412. ,255,255,0)"><u></u></span></p></div><div><p style=3D"margin:0px"><a href=
  413. =3D"http://www.gawlabs.com/" style=3D"background-color:rgba(255,255,255,0)"=
  414. target=3D"_blank">www.gawlabs.com</a></p></div></div></div></div></div><di=
  415. v><br>On Dec 19, 2014, at 06:03, Josh Garza &lt;<a href=3D"mailto:josh@gaw.=
  416. com" target=3D"_blank">[email protected]</a>&gt; wrote:<br><br></div><blockquote=
  417. type=3D"cite"><div>Take the floor away and the whole coin collapses. More =
  418. over, I do not think I could be involved after that. There is no greater de=
  419. finition of a bait and switch. This community would burn us at the stake.=
  420. =C2=A0=C2=A0<br><br>On Friday, December 19, 2014, Dan Kelley &lt;<a href=3D=
  421. "mailto:[email protected]" target=3D"_blank">[email protected]</a=
  422. >&gt; wrote:<br><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8e=
  423. x;border-left:1px #ccc solid;padding-left:1ex"><div dir=3D"ltr"><div class=
  424. =3D"gmail_default" style=3D"font-family:georgia,serif">I understand. But su=
  425. bsidizing a false floor is not an option.=C2=A0</div></div><div class=3D"gm=
  426. ail_extra"><br clear=3D"all"><div><div><div dir=3D"ltr"><div><div dir=3D"lt=
  427. r"><div><div dir=3D"ltr"><font face=3D"georgia, serif">Dan</font><div><font=
  428. face=3D"georgia, serif"><br></font></div><div><font face=3D"georgia, serif=
  429. " color=3D"#000000">Daniel J. Kelley</font></div><div><font face=3D"georgia=
  430. , serif" color=3D"#000000">President, COO</font></div><div><font face=3D"ge=
  431. orgia, serif" color=3D"#000000">Geniuses at Work=C2=A0</font></div><div><fo=
  432. nt face=3D"georgia, serif"><span style=3D"color:rgb(0,0,0)">34 East Dudley =
  433. Town Rd.=C2=A0</span><br></font></div><div><font face=3D"georgia, serif" co=
  434. lor=3D"#000000">Bloomfield CT. 06002<br></font></div><div><span style=3D"fo=
  435. nt-family:georgia,serif;font-size:small"><a href=3D"tel:413-271-7630" value=
  436. =3D"+14132717630" target=3D"_blank">413-271-7630</a></span><font color=3D"#=
  437. 000000" face=3D"georgia, serif"><br></font></div><div><font color=3D"#00000=
  438. 0" face=3D"georgia, serif"><br></font></div><div><img src=3D"https://mail.g=
  439. oogle.com/mail/u/0/?ui=3D2&amp;ik=3D2b4316a7bd&amp;view=3Dfimg&amp;th=3D149=
  440. a1179c8c684e3&amp;attid=3D0.1&amp;disp=3Demb&amp;realattid=3Dii_1495cb4037f=
  441. 2079b&amp;attbid=3DANGjdJ8T0lzB6V33SwaufB7y2zJ8j2HHY9yEYvBHkkdF-xzf4R2839LM=
  442. uvGQIo65uC9nBTXJ-XAPOct_tTQaQjMGJY1mjbvjEC0PY3F5e9XKvKOgvuqzZBD8koQfCMI&amp=
  443. ;sz=3Dw1600-h1000&amp;ats=3D1415746923471&amp;rm=3D149a1179c8c684e3&amp;zw&=
  444. amp;atsh=3D1" alt=3D"Inline image 2"><font color=3D"#000000" face=3D"georgi=
  445. a, serif"><br></font></div><div><b><i><font face=3D"georgia, serif">CHANGIN=
  446. G LIVES THROUGH INNOVATION</font></i></b><br></div></div></div></div></div>=
  447. </div></div></div>
  448. <br><div class=3D"gmail_quote">On Fri, Dec 19, 2014 at 6:58 AM, Josh Garza =
  449. <span dir=3D"ltr">&lt;<a>[email protected]</a>&gt;</span> wrote:<blockquote clas=
  450. s=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;pad=
  451. ding-left:1ex">That will not change the issue. The fundamental issue is thi=
  452. s entire currency was sold under the idea that there would be a floor. To c=
  453. hange that idea, would be to change the core concept thus making the entire=
  454. community reject it.=C2=A0<div><br></div><div>The floor is the issue.<div>=
  455. <div><br><br>On Friday, December 19, 2014, Dan Kelley &lt;<a>dan@geniusesat=
  456. work.com</a>&gt; wrote:<br></div></div><blockquote class=3D"gmail_quote" st=
  457. yle=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div>=
  458. <div><div dir=3D"ltr"><div class=3D"gmail_default" style=3D"font-family:geo=
  459. rgia,serif">The model will need to change, but not the purpose =C2=A0--- co=
  460. mmercial adoption</div></div><div class=3D"gmail_extra"><br clear=3D"all"><=
  461. div><div><div dir=3D"ltr"><div><div dir=3D"ltr"><div><div dir=3D"ltr"><font=
  462. face=3D"georgia, serif">Dan</font><div><font face=3D"georgia, serif"><br><=
  463. /font></div><div><font face=3D"georgia, serif" color=3D"#000000">Daniel J. =
  464. Kelley</font></div><div><font face=3D"georgia, serif" color=3D"#000000">Pre=
  465. sident, COO</font></div><div><font face=3D"georgia, serif" color=3D"#000000=
  466. ">Geniuses at Work=C2=A0</font></div><div><font face=3D"georgia, serif"><sp=
  467. an style=3D"color:rgb(0,0,0)">34 East Dudley Town Rd.=C2=A0</span><br></fon=
  468. t></div><div><font face=3D"georgia, serif" color=3D"#000000">Bloomfield CT.=
  469. 06002<br></font></div><div><span style=3D"font-family:georgia,serif;font-s=
  470. ize:small"><a href=3D"tel:413-271-7630" value=3D"+14132717630" target=3D"_b=
  471. lank">413-271-7630</a></span><font color=3D"#000000" face=3D"georgia, serif=
  472. "><br></font></div><div><font color=3D"#000000" face=3D"georgia, serif"><br=
  473. ></font></div><div><img src=3D"https://mail.google.com/mail/u/0/?ui=3D2&amp=
  474. ;ik=3D2b4316a7bd&amp;view=3Dfimg&amp;th=3D149a1179c8c684e3&amp;attid=3D0.1&=
  475. amp;disp=3Demb&amp;realattid=3Dii_1495cb4037f2079b&amp;attbid=3DANGjdJ8T0lz=
  476. B6V33SwaufB7y2zJ8j2HHY9yEYvBHkkdF-xzf4R2839LMuvGQIo65uC9nBTXJ-XAPOct_tTQaQj=
  477. MGJY1mjbvjEC0PY3F5e9XKvKOgvuqzZBD8koQfCMI&amp;sz=3Dw1600-h1000&amp;ats=3D14=
  478. 15746923471&amp;rm=3D149a1179c8c684e3&amp;zw&amp;atsh=3D1" alt=3D"Inline im=
  479. age 2"><font color=3D"#000000" face=3D"georgia, serif"><br></font></div><di=
  480. v><b><i><font face=3D"georgia, serif">CHANGING LIVES THROUGH INNOVATION</fo=
  481. nt></i></b><br></div></div></div></div></div></div></div></div>
  482. <br><div class=3D"gmail_quote">On Fri, Dec 19, 2014 at 6:39 AM, Josh Garza =
  483. <span dir=3D"ltr">&lt;<a>[email protected]</a>&gt;</span> wrote:<blockquote clas=
  484. s=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;pad=
  485. ding-left:1ex">and I just woke up thinking about it. And it&#39;s not a goo=
  486. d one.=C2=A0<div><br></div><div>Our entire paybase and xpy=C2=A0model is fl=
  487. awed. It has been to begin with. The crazy thing, no a single person or jus=
  488. t has ever brought it up.=C2=A0</div><div><br></div><div>Here is why. Let&#=
  489. 39;s separate things in to two buckets=C2=A0</div><div><br></div><div>The f=
  490. irst is people that buy xpy directly from Paybase at the full price of $20.=
  491. We would need to escrow every penny of that right? Because that person wou=
  492. ld want liquidity for every penny because they paid full price. Right? Make=
  493. s sense. Only that means we never can use that money.=C2=A0</div><div><br><=
  494. /div><div>Now that not the issue. The issue is way worse then that. As the =
  495. above only means we would have to make money some other way. No, the issue =
  496. comes next.=C2=A0</div><div><br></div><div>Let&#39;s assume the the followi=
  497. ng it true. For the next year, for whatever the reasons are, the price of x=
  498. py only goes up to 18 on the open market. Maybe it will go higher, but let&=
  499. #39;s agree that it&#39;s out of our control and that&#39;s the case.=C2=A0=
  500. </div><div><br></div>So this would then mean, a person would be able to gam=
  501. e us forever. They could go to the market, buy for 18 and come sell to us f=
  502. or 20 over and over and over again. Outside the limits we out in place, the=
  503. re is nothing we can do to stop that.=C2=A0<div><br></div><div>This then al=
  504. so means we would constantly loose money from this. Now here is the scary p=
  505. art, combine the first thing i said. If we are escrowing all the new xpy th=
  506. ey buy from us, where does the new money come from to cover that spread?</d=
  507. iv><div><br></div><div>Now, multiply that by 10 million, and forever. Comin=
  508. g together now? The entire model is flawed.=C2=A0</div><div><br></div><div>=
  509. This is a big deal.=C2=A0</div><div><br></div><div>I am working on trying t=
  510. o figure out anyway around this. But the issue is the entire model is built=
  511. around these concepts. I just can not believe I never thought of this befo=
  512. re. There is no way this will work</div><div><br></div><div>I will have amb=
  513. er call a meeting so we can talk about what options we have.=C2=A0</div><sp=
  514. an><font color=3D"#888888"><br><br>-- <br><div dir=3D"ltr"><br><div><b styl=
  515. e=3D"font-size:small"><span style=3D"color:rgb(204,0,0)">Josh Garza</span><=
  516. /b><br style=3D"font-family:arial;font-size:small"><b style=3D"font-family:=
  517. arial;font-size:small"><span style=3D"color:rgb(68,68,68);font-family:arial=
  518. ,sans-serif">CEO</span>-=C2=A0</b><span style=3D"font-size:small;color:rgb(=
  519. 68,68,68);font-family:Georgia,serif">GAW Corp</span><br></div></div><br>
  520. </font></span></blockquote></div></div>
  521.  
  522. <br>
  523.  
  524.  
  525.  
  526.  
  527.  
  528.  
  529.  
  530.  
  531. </div></div><p>=E2=80=9CThe information contained in this email message may=
  532. be confidential. If you are not the intended recipient any use, distributi=
  533. on, disclosure or copying of this information is prohibited. If you receive=
  534. this email in error, please tell us by return email and destroy this commu=
  535. nication and any attachments from your system.=E2=80=9D</p></blockquote></d=
  536. iv><div><div><br><br>-- <br><div dir=3D"ltr"><br><div><b style=3D"font-size=
  537. :small"><span style=3D"color:rgb(204,0,0)">Josh Garza</span></b><br style=
  538. =3D"font-family:arial;font-size:small"><b style=3D"font-family:arial;font-s=
  539. ize:small"><span style=3D"color:rgb(68,68,68);font-family:arial,sans-serif"=
  540. >CEO</span>-=C2=A0</b><span style=3D"font-size:small;color:rgb(68,68,68);fo=
  541. nt-family:Georgia,serif">GAW Corp</span><br></div></div><br>
  542. </div></div></blockquote></div></div>
  543.  
  544. <br>
  545.  
  546.  
  547.  
  548.  
  549.  
  550.  
  551.  
  552.  
  553. <p>=E2=80=9CThe information contained in this email message may be confiden=
  554. tial. If you are not the intended recipient any use, distribution, disclosu=
  555. re or copying of this information is prohibited. If you receive this email =
  556. in error, please tell us by return email and destroy this communication and=
  557. any attachments from your system.=E2=80=9D</p></blockquote><br><br>-- <br>=
  558. <div dir=3D"ltr"><br><div><b style=3D"font-size:small"><span style=3D"color=
  559. :rgb(204,0,0)">Josh Garza</span></b><br style=3D"font-family:arial;font-siz=
  560. e:small"><b style=3D"font-family:arial;font-size:small"><span style=3D"colo=
  561. r:rgb(68,68,68);font-family:arial,sans-serif">CEO</span>-=C2=A0</b><span st=
  562. yle=3D"font-size:small;color:rgb(68,68,68);font-family:Georgia,serif">GAW C=
  563. orp</span><br></div></div><br>
  564. </div></blockquote></div>
  565.  
  566. <br>
  567.  
  568.  
  569.  
  570.  
  571.  
  572.  
  573.  
  574.  
  575. <p>=E2=80=9CThe information contained in this email message may be confiden=
  576. tial. If you are not the intended recipient any use, distribution, disclosu=
  577. re or copying of this information is prohibited. If you receive this email =
  578. in error, please tell us by return email and destroy this communication and=
  579. any attachments from your system.=E2=80=9D</p></blockquote></div>
  580. </div></div></blockquote></div></div>
  581.  
  582. <br>
  583.  
  584.  
  585.  
  586.  
  587.  
  588.  
  589.  
  590.  
  591. <p>=E2=80=9CThe information contained in this email message may be confiden=
  592. tial. If you are not the intended recipient any use, distribution, disclosu=
  593. re or copying of this information is prohibited. If you receive this email =
  594. in error, please tell us by return email and destroy this communication and=
  595. any attachments from your system.=E2=80=9D</p></blockquote></div>
  596. </div></div></blockquote></div></div>
  597.  
  598. <br>
  599.  
  600.  
  601.  
  602.  
  603.  
  604.  
  605.  
  606.  
  607. <p>=E2=80=9CThe information contained in this email message may be confiden=
  608. tial. If you are not the intended recipient any use, distribution, disclosu=
  609. re or copying of this information is prohibited. If you receive this email =
  610. in error, please tell us by return email and destroy this communication and=
  611. any attachments from your system.=E2=80=9D</p>
  612. --001a1132f0806dcfaf050a93dd3e--
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