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Old 10-20-2010, 07:24 AM  
epitome
So Fucking Lame
 
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Join Date: Jun 2009
Location: St. Petersburg, FL
Posts: 12,156
Quote:
Originally Posted by Steve-Paxum View Post
All funds in the E-wallet are sitting in our Bank Accounts. We do not use that for investment purposes. We also have an additional 10-20% of our own in the bank accounts. So if all Paxum users decided to withdraw their money in one day, they would be able to do so without any problems. For every 100,000 USD in Paxum we have anywhere from 100,000 to 120,000 USD in the bank account. Of course that might change later on but it will never been less then 100% of the funds.


I've given up on trying count the 's.

According to the 10-20% internal rule you have if there is $50 million in there you will have at least $5 million of Paxum money tied up?

Last edited by epitome; 10-20-2010 at 07:25 AM..
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