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  70. Date: Fri, 19 Dec 2014 11:04:34 -0500
  71. Message-ID: <CAN=nMPUva9ZUy16tEC9sXWQsc18crFbiDnLcrpU4tWDubfJOgw@mail.gmail.com>
  72. Subject: Re: I had a dream
  73. From: Jonah Dorman <jonah@geniusesatwork.com>
  74. To: Josh Garza <josh@gaw.com>
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  89.  
  90. Will Do.
  91.  
  92. On Fri, Dec 19, 2014 at 10:12 AM, Josh Garza <josh@gaw.com> wrote:
  93. >
  94. > I am just meeting with you and Joe. I do not have the patience to explain
  95. > everything ten times to him today.
  96. >
  97. > Please circle up with him after the meeting to explain the plan
  98. >
  99. > Sent from my mobile phone
  100. > On Dec 19, 2014 10:09 AM, "Dan Kelley" <dan@geniusesatwork.com> wrote:
  101. >
  102. >> Let's meet to discuss this. In the interim, would it be wise to take dow=
  103. n
  104. >> our Paycoin HashStaker Wallet at $11.95 on GAW Miners?
  105. >>
  106. >> Dan
  107. >>
  108. >> Daniel J. Kelley
  109. >> President, COO
  110. >> Geniuses at Work
  111. >> 34 East Dudley Town Rd.
  112. >> Bloomfield CT. 06002
  113. >> 413-271-7630
  114. >>
  115. >> [image: Inline image 2]
  116. >> *CHANGING LIVES THROUGH INNOVATION*
  117. >>
  118. >> On Fri, Dec 19, 2014 at 10:05 AM, Josh Garza <josh@gaw.com> wrote:
  119. >>>
  120. >>> The discussion was about not letting them list to early. How could we
  121. >>> stop them forever? It's a public coin.
  122. >>>
  123. >>> No ideas?
  124. >>>
  125. >>> Sent from my mobile phone
  126. >>> On Dec 19, 2014 10:02 AM, "Joe Mordica" <joe@geniusesatwork.com> wrote:
  127. >>>
  128. >>>> I always assumed we would discourage exchanges from trading the coin t=
  129. o
  130. >>>> the point of legal action. Recently I realized that was not the case b=
  131. ut I
  132. >>>> thought I remember us having a conversation about this before launch.
  133. >>>>
  134. >>>>
  135. >>>>
  136. >>>> --
  137. >>>>
  138. >>>> *Joe Mordica*
  139. >>>> *CTO*
  140. >>>> GAW
  141. >>>> 22 Millbranch Rd Bldg 800
  142. >>>> Hattiesburg, MS 39402
  143. >>>>
  144. >>>> Anywhere: 601-602-5061
  145. >>>> Fax: 413-206-7101
  146. >>>> joe@gawlabs.com
  147. >>>>
  148. >>>> www.gawlabs.com
  149. >>>>
  150. >>>> On Dec 19, 2014, at 06:03, Josh Garza <josh@gaw.com> wrote:
  151. >>>>
  152. >>>> Take the floor away and the whole coin collapses. More over, I do not
  153. >>>> think I could be involved after that. There is no greater definition o=
  154. f a
  155. >>>> bait and switch. This community would burn us at the stake.
  156. >>>>
  157. >>>> On Friday, December 19, 2014, Dan Kelley <dan@geniusesatwork.com>
  158. >>>> wrote:
  159. >>>>
  160. >>>>> I understand. But subsidizing a false floor is not an option.
  161. >>>>>
  162. >>>>> Dan
  163. >>>>>
  164. >>>>> Daniel J. Kelley
  165. >>>>> President, COO
  166. >>>>> Geniuses at Work
  167. >>>>> 34 East Dudley Town Rd.
  168. >>>>> Bloomfield CT. 06002
  169. >>>>> 413-271-7630
  170. >>>>>
  171. >>>>> [image: Inline image 2]
  172. >>>>> *CHANGING LIVES THROUGH INNOVATION*
  173. >>>>>
  174. >>>>> On Fri, Dec 19, 2014 at 6:58 AM, Josh Garza <josh@gaw.com> wrote:
  175. >>>>>>
  176. >>>>>> That will not change the issue. The fundamental issue is this entire
  177. >>>>>> currency was sold under the idea that there would be a floor. To cha=
  178. nge
  179. >>>>>> that idea, would be to change the core concept thus making the entir=
  180. e
  181. >>>>>> community reject it.
  182. >>>>>>
  183. >>>>>> The floor is the issue.
  184. >>>>>>
  185. >>>>>>
  186. >>>>>> On Friday, December 19, 2014, Dan Kelley <dan@geniusesatwork.com>
  187. >>>>>> wrote:
  188. >>>>>>
  189. >>>>>>> The model will need to change, but not the purpose --- commercial
  190. >>>>>>> adoption
  191. >>>>>>>
  192. >>>>>>> Dan
  193. >>>>>>>
  194. >>>>>>> Daniel J. Kelley
  195. >>>>>>> President, COO
  196. >>>>>>> Geniuses at Work
  197. >>>>>>> 34 East Dudley Town Rd.
  198. >>>>>>> Bloomfield CT. 06002
  199. >>>>>>> 413-271-7630
  200. >>>>>>>
  201. >>>>>>> [image: Inline image 2]
  202. >>>>>>> *CHANGING LIVES THROUGH INNOVATION*
  203. >>>>>>>
  204. >>>>>>> On Fri, Dec 19, 2014 at 6:39 AM, Josh Garza <josh@gaw.com> wrote:
  205. >>>>>>>>
  206. >>>>>>>> and I just woke up thinking about it. And it's not a good one.
  207. >>>>>>>>
  208. >>>>>>>> Our entire paybase and xpy model is flawed. It has been to begin
  209. >>>>>>>> with. The crazy thing, no a single person or just has ever brought=
  210. it up.
  211. >>>>>>>>
  212. >>>>>>>> Here is why. Let's separate things in to two buckets
  213. >>>>>>>>
  214. >>>>>>>> The first is people that buy xpy directly from Paybase at the full
  215. >>>>>>>> price of $20. We would need to escrow every penny of that right? B=
  216. ecause
  217. >>>>>>>> that person would want liquidity for every penny because they paid=
  218. full
  219. >>>>>>>> price. Right? Makes sense. Only that means we never can use that m=
  220. oney.
  221. >>>>>>>>
  222. >>>>>>>> Now that not the issue. The issue is way worse then that. As the
  223. >>>>>>>> above only means we would have to make money some other way. No, t=
  224. he issue
  225. >>>>>>>> comes next.
  226. >>>>>>>>
  227. >>>>>>>> Let's assume the the following it true. For the next year, for
  228. >>>>>>>> whatever the reasons are, the price of xpy only goes up to 18 on t=
  229. he open
  230. >>>>>>>> market. Maybe it will go higher, but let's agree that it's out of =
  231. our
  232. >>>>>>>> control and that's the case.
  233. >>>>>>>>
  234. >>>>>>>> So this would then mean, a person would be able to game us forever=
  235. .
  236. >>>>>>>> They could go to the market, buy for 18 and come sell to us for 20=
  237. over and
  238. >>>>>>>> over and over again. Outside the limits we out in place, there is =
  239. nothing
  240. >>>>>>>> we can do to stop that.
  241. >>>>>>>>
  242. >>>>>>>> This then also means we would constantly loose money from this. No=
  243. w
  244. >>>>>>>> here is the scary part, combine the first thing i said. If we are =
  245. escrowing
  246. >>>>>>>> all the new xpy they buy from us, where does the new money come fr=
  247. om to
  248. >>>>>>>> cover that spread?
  249. >>>>>>>>
  250. >>>>>>>> Now, multiply that by 10 million, and forever. Coming together now=
  251. ?
  252. >>>>>>>> The entire model is flawed.
  253. >>>>>>>>
  254. >>>>>>>> This is a big deal.
  255. >>>>>>>>
  256. >>>>>>>> I am working on trying to figure out anyway around this. But the
  257. >>>>>>>> issue is the entire model is built around these concepts. I just c=
  258. an not
  259. >>>>>>>> believe I never thought of this before. There is no way this will =
  260. work
  261. >>>>>>>>
  262. >>>>>>>> I will have amber call a meeting so we can talk about what options
  263. >>>>>>>> we have.
  264. >>>>>>>>
  265. >>>>>>>>
  266. >>>>>>>> --
  267. >>>>>>>>
  268. >>>>>>>> *Josh Garza*
  269. >>>>>>>> *CEO- *GAW Corp
  270. >>>>>>>>
  271. >>>>>>>>
  272. >>>>>>> =E2=80=9CThe information contained in this email message may be
  273. >>>>>>> confidential. If you are not the intended recipient any use, distri=
  274. bution,
  275. >>>>>>> disclosure or copying of this information is prohibited. If you rec=
  276. eive
  277. >>>>>>> this email in error, please tell us by return email and destroy thi=
  278. s
  279. >>>>>>> communication and any attachments from your system.=E2=80=9D
  280. >>>>>>>
  281. >>>>>>
  282. >>>>>>
  283. >>>>>> --
  284. >>>>>>
  285. >>>>>> *Josh Garza*
  286. >>>>>> *CEO- *GAW Corp
  287. >>>>>>
  288. >>>>>>
  289. >>>>> =E2=80=9CThe information contained in this email message may be confi=
  290. dential.
  291. >>>>> If you are not the intended recipient any use, distribution, disclosu=
  292. re or
  293. >>>>> copying of this information is prohibited. If you receive this email =
  294. in
  295. >>>>> error, please tell us by return email and destroy this communication =
  296. and
  297. >>>>> any attachments from your system.=E2=80=9D
  298. >>>>>
  299. >>>>
  300. >>>>
  301. >>>> --
  302. >>>>
  303. >>>> *Josh Garza*
  304. >>>> *CEO- *GAW Corp
  305. >>>>
  306. >>>>
  307. >>>> =E2=80=9CThe information contained in this email message may be confid=
  308. ential.
  309. >>>> If you are not the intended recipient any use, distribution, disclosur=
  310. e or
  311. >>>> copying of this information is prohibited. If you receive this email i=
  312. n
  313. >>>> error, please tell us by return email and destroy this communication a=
  314. nd
  315. >>>> any attachments from your system.=E2=80=9D
  316. >>>>
  317. >>>
  318. >> =E2=80=9CThe information contained in this email message may be confiden=
  319. tial. If
  320. >> you are not the intended recipient any use, distribution, disclosure or
  321. >> copying of this information is prohibited. If you receive this email in
  322. >> error, please tell us by return email and destroy this communication and
  323. >> any attachments from your system.=E2=80=9D
  324. >>
  325. >
  326.  
  327. --=20
  328. =20
  329.  
  330. =E2=80=9CThe information contained in this email message may be confidentia=
  331. l. If=20
  332. you are not the intended recipient any use, distribution, disclosure or=20
  333. copying of this information is prohibited. If you receive this email in=20
  334. error, please tell us by return email and destroy this communication and=20
  335. any attachments from your system.=E2=80=9D
  336.  
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  340.  
  341. <div dir=3D"ltr">Will Do.</div><div class=3D"gmail_extra"><br><div class=3D=
  342. "gmail_quote">On Fri, Dec 19, 2014 at 10:12 AM, Josh Garza <span dir=3D"ltr=
  343. ">&lt;<a href=3D"mailto:josh@gaw.com" target=3D"_blank">josh@gaw.com</a>&gt=
  344. ;</span> wrote:<blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex=
  345. ;border-left:1px #ccc solid;padding-left:1ex"><p dir=3D"ltr">I am just meet=
  346. ing with you and Joe. I do not have the patience to explain everything ten =
  347. times to him today. </p>
  348. <p dir=3D"ltr">Please circle up with him after the meeting to explain the p=
  349. lan </p><span class=3D"im HOEnZb">
  350. <p dir=3D"ltr">Sent from my mobile phone </p>
  351. </span><div class=3D"HOEnZb"><div class=3D"h5"><div class=3D"gmail_quote">O=
  352. n Dec 19, 2014 10:09 AM, &quot;Dan Kelley&quot; &lt;<a href=3D"mailto:dan@g=
  353. eniusesatwork.com" target=3D"_blank">dan@geniusesatwork.com</a>&gt; wrote:<=
  354. br type=3D"attribution"><blockquote class=3D"gmail_quote" style=3D"margin:0=
  355. 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir=3D"ltr"><di=
  356. v class=3D"gmail_default" style=3D"font-family:georgia,serif">Let&#39;s mee=
  357. t to discuss this. In the interim, would it be wise to take down our Paycoi=
  358. n HashStaker Wallet at $11.95 on GAW Miners?</div></div><div class=3D"gmail=
  359. _extra"><br clear=3D"all"><div><div><div dir=3D"ltr"><div><div dir=3D"ltr">=
  360. <div><div dir=3D"ltr"><font face=3D"georgia, serif">Dan</font><div><font fa=
  361. ce=3D"georgia, serif"><br></font></div><div><font face=3D"georgia, serif" c=
  362. olor=3D"#000000">Daniel J. Kelley</font></div><div><font face=3D"georgia, s=
  363. erif" color=3D"#000000">President, COO</font></div><div><font face=3D"georg=
  364. ia, serif" color=3D"#000000">Geniuses at Work=C2=A0</font></div><div><font =
  365. face=3D"georgia, serif"><span style=3D"color:rgb(0,0,0)">34 East Dudley Tow=
  366. n Rd.=C2=A0</span><br></font></div><div><font face=3D"georgia, serif" color=
  367. =3D"#000000">Bloomfield CT. 06002<br></font></div><div><span style=3D"font-=
  368. family:georgia,serif;font-size:small"><a href=3D"tel:413-271-7630" value=3D=
  369. "+14132717630" target=3D"_blank">413-271-7630</a></span><font color=3D"#000=
  370. 000" face=3D"georgia, serif"><br></font></div><div><font color=3D"#000000" =
  371. face=3D"georgia, serif"><br></font></div><div><img src=3D"https://mail.goog=
  372. le.com/mail/u/0/?ui=3D2&amp;ik=3D2b4316a7bd&amp;view=3Dfimg&amp;th=3D149a11=
  373. 79c8c684e3&amp;attid=3D0.1&amp;disp=3Demb&amp;realattid=3Dii_1495cb4037f207=
  374. 9b&amp;attbid=3DANGjdJ8T0lzB6V33SwaufB7y2zJ8j2HHY9yEYvBHkkdF-xzf4R2839LMuvG=
  375. QIo65uC9nBTXJ-XAPOct_tTQaQjMGJY1mjbvjEC0PY3F5e9XKvKOgvuqzZBD8koQfCMI&amp;sz=
  376. =3Dw1600-h1000&amp;ats=3D1415746923471&amp;rm=3D149a1179c8c684e3&amp;zw&amp=
  377. ;atsh=3D1" alt=3D"Inline image 2"><font color=3D"#000000" face=3D"georgia, =
  378. serif"><br></font></div><div><b><i><font face=3D"georgia, serif">CHANGING L=
  379. IVES THROUGH INNOVATION</font></i></b><br></div></div></div></div></div></d=
  380. iv></div></div>
  381. <br><div class=3D"gmail_quote">On Fri, Dec 19, 2014 at 10:05 AM, Josh Garza=
  382. <span dir=3D"ltr">&lt;<a href=3D"mailto:josh@gaw.com" target=3D"_blank">jo=
  383. sh@gaw.com</a>&gt;</span> wrote:<blockquote class=3D"gmail_quote" style=3D"=
  384. margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><p dir=3D"lt=
  385. r">The discussion was about not letting them list to early. How could we st=
  386. op them forever? It&#39;s a public coin. </p>
  387. <p dir=3D"ltr">No ideas? </p>
  388. <p dir=3D"ltr">Sent from my mobile phone </p><div><div>
  389. <div class=3D"gmail_quote">On Dec 19, 2014 10:02 AM, &quot;Joe Mordica&quot=
  390. ; &lt;<a href=3D"mailto:joe@geniusesatwork.com" target=3D"_blank">joe@geniu=
  391. sesatwork.com</a>&gt; wrote:<br type=3D"attribution"><blockquote class=3D"g=
  392. mail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-l=
  393. eft:1ex"><div dir=3D"auto"><div>I always assumed we would discourage exchan=
  394. ges from trading the coin to the point of legal action. Recently I realized=
  395. that was not the case but I thought I remember us having a conversation ab=
  396. out this before launch.</div><div><br></div><div><br><br>--<br><br><div><sp=
  397. an style=3D"background-color:rgba(255,255,255,0)"><b>Joe=C2=A0Mordica</b><b=
  398. r><b>CTO</b><br>GAW<br>22 Millbranch Rd Bldg 800</span></div><div><span sty=
  399. le=3D"background-color:rgba(255,255,255,0)">Hattiesburg, MS 39402<br><br>An=
  400. ywhere: <a href=3D"tel:601-602-5061" value=3D"+16016025061" target=3D"_blan=
  401. k">601-602-5061</a><br></span><div><font style=3D"background-color:rgba(255=
  402. ,255,255,0)">Fax:=C2=A0<span title=3D"Call with Google Voice"><a value=3D"+=
  403. 14132067101"></a><a href=3D"tel:413-206-7101" target=3D"_blank">413-206-710=
  404. 1</a></span><br></font><div><font color=3D"#000000"><span style=3D"backgrou=
  405. nd-color:rgba(255,255,255,0)"><a href=3D"mailto:joe@gawlabs.com" target=3D"=
  406. _blank">joe@gawlabs.com</a><br></span></font><div><p style=3D"margin:0px"><=
  407. span style=3D"background-color:rgba(255,255,255,0)"><u></u></span></p></div=
  408. ><div><p style=3D"margin:0px"><span style=3D"background-color:rgba(255,255,=
  409. 255,0)"><u></u></span></p></div><div><p style=3D"margin:0px"><span style=3D=
  410. "background-color:rgba(255,255,255,0)"><u></u></span></p></div><div><p styl=
  411. e=3D"margin:0px"><span style=3D"background-color:rgba(255,255,255,0)"><u></=
  412. u></span></p></div><div><p style=3D"margin:0px"><span style=3D"background-c=
  413. olor:rgba(255,255,255,0)"><u></u></span></p></div><div><p style=3D"margin:0=
  414. px"><span style=3D"background-color:rgba(255,255,255,0)"><u></u></span></p>=
  415. </div><div><p style=3D"margin:0px"><span style=3D"background-color:rgba(255=
  416. ,255,255,0)"><u></u></span></p></div><div><p style=3D"margin:0px"><a href=
  417. =3D"http://www.gawlabs.com/" style=3D"background-color:rgba(255,255,255,0)"=
  418. target=3D"_blank">www.gawlabs.com</a></p></div></div></div></div></div><di=
  419. v><br>On Dec 19, 2014, at 06:03, Josh Garza &lt;<a href=3D"mailto:josh@gaw.=
  420. com" target=3D"_blank">josh@gaw.com</a>&gt; wrote:<br><br></div><blockquote=
  421. type=3D"cite"><div>Take the floor away and the whole coin collapses. More =
  422. over, I do not think I could be involved after that. There is no greater de=
  423. finition of a bait and switch. This community would burn us at the stake.=
  424. =C2=A0=C2=A0<br><br>On Friday, December 19, 2014, Dan Kelley &lt;<a href=3D=
  425. "mailto:dan@geniusesatwork.com" target=3D"_blank">dan@geniusesatwork.com</a=
  426. >&gt; wrote:<br><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8e=
  427. x;border-left:1px #ccc solid;padding-left:1ex"><div dir=3D"ltr"><div class=
  428. =3D"gmail_default" style=3D"font-family:georgia,serif">I understand. But su=
  429. bsidizing a false floor is not an option.=C2=A0</div></div><div class=3D"gm=
  430. ail_extra"><br clear=3D"all"><div><div><div dir=3D"ltr"><div><div dir=3D"lt=
  431. r"><div><div dir=3D"ltr"><font face=3D"georgia, serif">Dan</font><div><font=
  432. face=3D"georgia, serif"><br></font></div><div><font face=3D"georgia, serif=
  433. " color=3D"#000000">Daniel J. Kelley</font></div><div><font face=3D"georgia=
  434. , serif" color=3D"#000000">President, COO</font></div><div><font face=3D"ge=
  435. orgia, serif" color=3D"#000000">Geniuses at Work=C2=A0</font></div><div><fo=
  436. nt face=3D"georgia, serif"><span style=3D"color:rgb(0,0,0)">34 East Dudley =
  437. Town Rd.=C2=A0</span><br></font></div><div><font face=3D"georgia, serif" co=
  438. lor=3D"#000000">Bloomfield CT. 06002<br></font></div><div><span style=3D"fo=
  439. nt-family:georgia,serif;font-size:small"><a href=3D"tel:413-271-7630" value=
  440. =3D"+14132717630" target=3D"_blank">413-271-7630</a></span><font color=3D"#=
  441. 000000" face=3D"georgia, serif"><br></font></div><div><font color=3D"#00000=
  442. 0" face=3D"georgia, serif"><br></font></div><div><img src=3D"https://mail.g=
  443. oogle.com/mail/u/0/?ui=3D2&amp;ik=3D2b4316a7bd&amp;view=3Dfimg&amp;th=3D149=
  444. a1179c8c684e3&amp;attid=3D0.1&amp;disp=3Demb&amp;realattid=3Dii_1495cb4037f=
  445. 2079b&amp;attbid=3DANGjdJ8T0lzB6V33SwaufB7y2zJ8j2HHY9yEYvBHkkdF-xzf4R2839LM=
  446. uvGQIo65uC9nBTXJ-XAPOct_tTQaQjMGJY1mjbvjEC0PY3F5e9XKvKOgvuqzZBD8koQfCMI&amp=
  447. ;sz=3Dw1600-h1000&amp;ats=3D1415746923471&amp;rm=3D149a1179c8c684e3&amp;zw&=
  448. amp;atsh=3D1" alt=3D"Inline image 2"><font color=3D"#000000" face=3D"georgi=
  449. a, serif"><br></font></div><div><b><i><font face=3D"georgia, serif">CHANGIN=
  450. G LIVES THROUGH INNOVATION</font></i></b><br></div></div></div></div></div>=
  451. </div></div></div>
  452. <br><div class=3D"gmail_quote">On Fri, Dec 19, 2014 at 6:58 AM, Josh Garza =
  453. <span dir=3D"ltr">&lt;<a>josh@gaw.com</a>&gt;</span> wrote:<blockquote clas=
  454. s=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;pad=
  455. ding-left:1ex">That will not change the issue. The fundamental issue is thi=
  456. s entire currency was sold under the idea that there would be a floor. To c=
  457. hange that idea, would be to change the core concept thus making the entire=
  458. community reject it.=C2=A0<div><br></div><div>The floor is the issue.<div>=
  459. <div><br><br>On Friday, December 19, 2014, Dan Kelley &lt;<a>dan@geniusesat=
  460. work.com</a>&gt; wrote:<br></div></div><blockquote class=3D"gmail_quote" st=
  461. yle=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div>=
  462. <div><div dir=3D"ltr"><div class=3D"gmail_default" style=3D"font-family:geo=
  463. rgia,serif">The model will need to change, but not the purpose =C2=A0--- co=
  464. mmercial adoption</div></div><div class=3D"gmail_extra"><br clear=3D"all"><=
  465. div><div><div dir=3D"ltr"><div><div dir=3D"ltr"><div><div dir=3D"ltr"><font=
  466. face=3D"georgia, serif">Dan</font><div><font face=3D"georgia, serif"><br><=
  467. /font></div><div><font face=3D"georgia, serif" color=3D"#000000">Daniel J. =
  468. Kelley</font></div><div><font face=3D"georgia, serif" color=3D"#000000">Pre=
  469. sident, COO</font></div><div><font face=3D"georgia, serif" color=3D"#000000=
  470. ">Geniuses at Work=C2=A0</font></div><div><font face=3D"georgia, serif"><sp=
  471. an style=3D"color:rgb(0,0,0)">34 East Dudley Town Rd.=C2=A0</span><br></fon=
  472. t></div><div><font face=3D"georgia, serif" color=3D"#000000">Bloomfield CT.=
  473. 06002<br></font></div><div><span style=3D"font-family:georgia,serif;font-s=
  474. ize:small"><a href=3D"tel:413-271-7630" value=3D"+14132717630" target=3D"_b=
  475. lank">413-271-7630</a></span><font color=3D"#000000" face=3D"georgia, serif=
  476. "><br></font></div><div><font color=3D"#000000" face=3D"georgia, serif"><br=
  477. ></font></div><div><img src=3D"https://mail.google.com/mail/u/0/?ui=3D2&amp=
  478. ;ik=3D2b4316a7bd&amp;view=3Dfimg&amp;th=3D149a1179c8c684e3&amp;attid=3D0.1&=
  479. amp;disp=3Demb&amp;realattid=3Dii_1495cb4037f2079b&amp;attbid=3DANGjdJ8T0lz=
  480. B6V33SwaufB7y2zJ8j2HHY9yEYvBHkkdF-xzf4R2839LMuvGQIo65uC9nBTXJ-XAPOct_tTQaQj=
  481. MGJY1mjbvjEC0PY3F5e9XKvKOgvuqzZBD8koQfCMI&amp;sz=3Dw1600-h1000&amp;ats=3D14=
  482. 15746923471&amp;rm=3D149a1179c8c684e3&amp;zw&amp;atsh=3D1" alt=3D"Inline im=
  483. age 2"><font color=3D"#000000" face=3D"georgia, serif"><br></font></div><di=
  484. v><b><i><font face=3D"georgia, serif">CHANGING LIVES THROUGH INNOVATION</fo=
  485. nt></i></b><br></div></div></div></div></div></div></div></div>
  486. <br><div class=3D"gmail_quote">On Fri, Dec 19, 2014 at 6:39 AM, Josh Garza =
  487. <span dir=3D"ltr">&lt;<a>josh@gaw.com</a>&gt;</span> wrote:<blockquote clas=
  488. s=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;pad=
  489. ding-left:1ex">and I just woke up thinking about it. And it&#39;s not a goo=
  490. d one.=C2=A0<div><br></div><div>Our entire paybase and xpy=C2=A0model is fl=
  491. awed. It has been to begin with. The crazy thing, no a single person or jus=
  492. t has ever brought it up.=C2=A0</div><div><br></div><div>Here is why. Let&#=
  493. 39;s separate things in to two buckets=C2=A0</div><div><br></div><div>The f=
  494. irst is people that buy xpy directly from Paybase at the full price of $20.=
  495. We would need to escrow every penny of that right? Because that person wou=
  496. ld want liquidity for every penny because they paid full price. Right? Make=
  497. s sense. Only that means we never can use that money.=C2=A0</div><div><br><=
  498. /div><div>Now that not the issue. The issue is way worse then that. As the =
  499. above only means we would have to make money some other way. No, the issue =
  500. comes next.=C2=A0</div><div><br></div><div>Let&#39;s assume the the followi=
  501. ng it true. For the next year, for whatever the reasons are, the price of x=
  502. py only goes up to 18 on the open market. Maybe it will go higher, but let&=
  503. #39;s agree that it&#39;s out of our control and that&#39;s the case.=C2=A0=
  504. </div><div><br></div>So this would then mean, a person would be able to gam=
  505. e us forever. They could go to the market, buy for 18 and come sell to us f=
  506. or 20 over and over and over again. Outside the limits we out in place, the=
  507. re is nothing we can do to stop that.=C2=A0<div><br></div><div>This then al=
  508. so means we would constantly loose money from this. Now here is the scary p=
  509. art, combine the first thing i said. If we are escrowing all the new xpy th=
  510. ey buy from us, where does the new money come from to cover that spread?</d=
  511. iv><div><br></div><div>Now, multiply that by 10 million, and forever. Comin=
  512. g together now? The entire model is flawed.=C2=A0</div><div><br></div><div>=
  513. This is a big deal.=C2=A0</div><div><br></div><div>I am working on trying t=
  514. o figure out anyway around this. But the issue is the entire model is built=
  515. around these concepts. I just can not believe I never thought of this befo=
  516. re. There is no way this will work</div><div><br></div><div>I will have amb=
  517. er call a meeting so we can talk about what options we have.=C2=A0</div><sp=
  518. an><font color=3D"#888888"><br><br>-- <br><div dir=3D"ltr"><br><div><b styl=
  519. e=3D"font-size:small"><span style=3D"color:rgb(204,0,0)">Josh Garza</span><=
  520. /b><br style=3D"font-family:arial;font-size:small"><b style=3D"font-family:=
  521. arial;font-size:small"><span style=3D"color:rgb(68,68,68);font-family:arial=
  522. ,sans-serif">CEO</span>-=C2=A0</b><span style=3D"font-size:small;color:rgb(=
  523. 68,68,68);font-family:Georgia,serif">GAW Corp</span><br></div></div><br>
  524. </font></span></blockquote></div></div>
  525.  
  526. <br>
  527.  
  528.  
  529.  
  530.  
  531.  
  532.  
  533.  
  534.  
  535. </div></div><p>=E2=80=9CThe information contained in this email message may=
  536. be confidential. If you are not the intended recipient any use, distributi=
  537. on, disclosure or copying of this information is prohibited. If you receive=
  538. this email in error, please tell us by return email and destroy this commu=
  539. nication and any attachments from your system.=E2=80=9D</p></blockquote></d=
  540. iv><div><div><br><br>-- <br><div dir=3D"ltr"><br><div><b style=3D"font-size=
  541. :small"><span style=3D"color:rgb(204,0,0)">Josh Garza</span></b><br style=
  542. =3D"font-family:arial;font-size:small"><b style=3D"font-family:arial;font-s=
  543. ize:small"><span style=3D"color:rgb(68,68,68);font-family:arial,sans-serif"=
  544. >CEO</span>-=C2=A0</b><span style=3D"font-size:small;color:rgb(68,68,68);fo=
  545. nt-family:Georgia,serif">GAW Corp</span><br></div></div><br>
  546. </div></div></blockquote></div></div>
  547.  
  548. <br>
  549.  
  550.  
  551.  
  552.  
  553.  
  554.  
  555.  
  556.  
  557. <p>=E2=80=9CThe information contained in this email message may be confiden=
  558. tial. If you are not the intended recipient any use, distribution, disclosu=
  559. re or copying of this information is prohibited. If you receive this email =
  560. in error, please tell us by return email and destroy this communication and=
  561. any attachments from your system.=E2=80=9D</p></blockquote><br><br>-- <br>=
  562. <div dir=3D"ltr"><br><div><b style=3D"font-size:small"><span style=3D"color=
  563. :rgb(204,0,0)">Josh Garza</span></b><br style=3D"font-family:arial;font-siz=
  564. e:small"><b style=3D"font-family:arial;font-size:small"><span style=3D"colo=
  565. r:rgb(68,68,68);font-family:arial,sans-serif">CEO</span>-=C2=A0</b><span st=
  566. yle=3D"font-size:small;color:rgb(68,68,68);font-family:Georgia,serif">GAW C=
  567. orp</span><br></div></div><br>
  568. </div></blockquote></div>
  569.  
  570. <br>
  571.  
  572.  
  573.  
  574.  
  575.  
  576.  
  577.  
  578.  
  579. <p>=E2=80=9CThe information contained in this email message may be confiden=
  580. tial. If you are not the intended recipient any use, distribution, disclosu=
  581. re or copying of this information is prohibited. If you receive this email =
  582. in error, please tell us by return email and destroy this communication and=
  583. any attachments from your system.=E2=80=9D</p></blockquote></div>
  584. </div></div></blockquote></div></div>
  585.  
  586. <br>
  587.  
  588.  
  589.  
  590.  
  591.  
  592.  
  593.  
  594.  
  595. <p>=E2=80=9CThe information contained in this email message may be confiden=
  596. tial. If you are not the intended recipient any use, distribution, disclosu=
  597. re or copying of this information is prohibited. If you receive this email =
  598. in error, please tell us by return email and destroy this communication and=
  599. any attachments from your system.=E2=80=9D</p></blockquote></div>
  600. </div></div></blockquote></div></div>
  601.  
  602. <br>
  603.  
  604.  
  605.  
  606.  
  607.  
  608.  
  609.  
  610.  
  611. <p>=E2=80=9CThe information contained in this email message may be confiden=
  612. tial. If you are not the intended recipient any use, distribution, disclosu=
  613. re or copying of this information is prohibited. If you receive this email =
  614. in error, please tell us by return email and destroy this communication and=
  615. any attachments from your system.=E2=80=9D</p>
  616. --001a1132f0806dcfaf050a93dd3e--
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