Hello all, I have a matter I must get off of my chest as it is eating me alive and I can no longer pretend that I'm ok with it.
I recently started an IPO for my web based porn studio by the name of Klyemax.
The initial IPO offered 250,000 shares at a price of .0001 for a total of 25BTC to start up.
A small amount of the funds were used to procure TLD's as well as for advertising.
The rest I ended up investing into Just-Dice. This is where I made my first mistake.
JD sustained some loses to bankroll and I began to gamble the IPO funds in order to recuperate loses.
At first it was only small amounts I would aim to win to replace any lost funds.
Then the gambling became worse, I started to gamble the funds every other day, often winning half or full BTC and stuffing them in my pocket.
For roughly 8-10 days this went on, And I ended up 14+ BTC. Most of which were used to purchase miners or cashed out and spent on drinks and VLT gambling at a local pub where I was attempting to get the waitresses to come work for me. In hindsight I felt as if I was untouchable and that with all this new found success and ambition I would surely not have to worry about losing either the funds or my sanity.
On may 29th I had deposited the IPO money into my gambling account and began my ritual 33% martingale.
As always the balance of the account began to climb and i watched with excitement and money lust as riches flowwed my direction.
Suddenly everything I had been planning, all of what I was working towards, All of the investment I had sworn to use for good..
It crashed.. I went from 24 BTC down to 10 before I even stopped hitting the "lo" key on my martingale.
My heart sunk in my chest and I felt an unexplainable/unbearable pressure in my chest.
It was at that moment I realized that I had fucked over not only my investors, but myself and my reputation.
Frantically I began betting with the 10 BTC... Trying to recoup the loses I had just endured..
This was all in vain however, I watched my balance drop like a stone in a pond.. I remember as the balance hit zero..
My feeble attempts to recover the BTC were met with tears shortly after it sunk in what I had just done.
The feeling was worse than anything you could possibly imagine.. Akin to losing a family member or worse.
I sat there, in disbelief my emotions wrecked as reality set in that I had made a terrible terrible mistake.
To all investors, I sincerely appologize for misusing the funds you have trusted me with.
It was never my intention to use the funds as I did, I had plans and budgets developed for them.
But my vile nature and greed blinded me.. And I failed you all.
This is a massive set back, which is entirely my fault.
I will continue to try to try and develop Klyemax and get revenue streams flowing. But I have set us back immensely with my own lack of control and inability to know when to stop. This should have never happened and I am deeply troubled by it.
As stated before I will continue to pay out dividends to all invested. Thoughts of suicide have crossed my mind more than a few times in the past week but I am unable to leave my investors high and dry due to my lack of control.
Through porn or through any other revenue stream I can procure I will pay back investors funds in full, This may take me some time but I am not going to bail on the people who shared my vision and supported my en-devour.
This has been very stressful, I have lost countless hours of sleep and had not until now the strength to admit what has been done.
I ask for your understanding and forgiveness at this time.. I also promise to all investors you will receive your investment back via dividends over time and phase 2 is still likely to happen, at which point you are more than welcome to sell off your shares for the agreed face value as stated in the IPO.
Hopefully I can focus more on getting more talent and revenue going to pay back investors more quickly, Given the fact I may be able to sleep at night having gotten this burden out from beneath my heart.
Feel free to PM me hate mail / death threats and neg rep the shit out of me.
I will not run nor hide. I am going to deal with this as I am able to the only way that makes sense at this point in time.
Thank you for taking the time to read this.
Cheers,
Kyle.T