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Old 10-15-2010, 01:24 PM  
Shap
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Join Date: May 2001
Posts: 8,313
Quote:
Originally Posted by Steve-Paxum View Post
Shap I agree that it might look that way. But there is nothing we can do to prove that we are here for the long run and have no intention of screwing people. We have been wanting to launch after the new year and knew it would be a tough battle to win people over from Epass. With Epassporte gone, we couldn't delay the launch. This whole situation made us grow enormously the past 20 days since we have been open to the public. If I were Chris Mallick and lost all epass money due to bad investments, I would find the money somewhere to compensate the loss by selling a part of my business, but i would definately keep the cash flowing. What he did to the company can't be explained and his unlogical decision will hunt our company for a long period. Thats why we also want people not to use us as a bank. Get the money and withdraw it asap. Dont keep it there for long. Since this way we also protect ourselves in the case where our bank loses its ability to work with MC. The less cash that is sitting in the prepaid card accounts, the easier it is to comensate that loss with our own funds.
As a competitor dropping the old "he lost everyone's money with bad investments" seems a little shitty on your end. That has been 100% unsubstantiated rumor and as someone trying to build their business you should probably stay away from rumor and stick with facts. Just my
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