My Plea - To the "spy", pro-ASM, anti-ASM, and fence-sitters - Page 2

firefly · #11 (**permalink**) 03-08-2007, 06:29 PM

Quote:

Originally Posted by Peebs

I may be naive and dumb or ignorant (call me what you want), but I have met the man in person - and hes got this grand vision that depsite what you may all believe is actually a lot more farther along today than it was when I met Chris in October 2005.

Peebs,

I'm one of those who - at least every now and then - receive withdrawals. Smaller ones, yes, and often with much difficulty, yes, but I do receive some money from them and I'm not hiding it because I don't have an agenda like Chris loves to claim of those not on his side. But I've spent too much time and effort with ASM to either walk away and leave 2K in there or to invest more in the hope to make a fortune. And I've done too much advertising for ASM in the past to simply sit by and let others run into trouble.
I consider myself one of those that want a final word. Where are we going? Down or Up? And I'm sick of waiting. And the tendency clearly says we're going down. And even if ASM is not going down (BIG if), it's ridiculous that we (particularly those with much much more money still in there) have to bear with such an obvious business noob that Chris is who thinks the best way to get a new (!) business running is to piss off all clients and lie to them and treat them like shit.

The best example is his new thread where he wants a critical discussion of what ASM needs. He already excludes the majority of ASM users from posting in his introduction. Big newbie mistake.
Now, since you're apparently one that is still leaning to Chris side and would be allowed to post in this thread (I assume), I would like you to go and ask him in there to explain his vision. In detail! (Or, tell us here since you have already been told about it and seem to know more.)
I have tons of visions myself. The perfect state, the perfect environment policy, the perfect store, the perfect website, the perfect whatever. Do I ask people to follow me and give me money and lie to them to keep them happy? No. And why not? Because I don't have designed the appropriate methodology yet to make my visions become reality. I haven't done research in the respective areas to identify key problems that my vision will solve.
I'm involved in EU projects where people can get public funding. Do you think the reviewers there are satisfied with "Hey, I got this vision.. you know Google? I tell you what. I'll be better"? No, they want DETAILS.
So, it's time for such details. I would love to get some from Chris because all we've been getting yet is "Hey, I got this vision..."

Have a great day yourself (and this post is not against you in case it sounds like I'm attacking you for defending Chris).

Inspekt · #12 (**permalink**) 03-08-2007, 09:38 PM

So you are telling me chris is working 24/7 on getting withdrawls out and getting accounts restored yet he takes time out of his day to post this:

" Scientists study Earth's missing crust - Yahoo! News

Now that is truly an interesting story.

Any thoughts on this one?

Chris"

I mean honestly he is playing around on yahoo news while there are probably a couple dozen new signups from the last few weeks who had their accounts completely zapped and have lost all their money and information. This hasn't even been addressed in the forum.

For that matter who doesn't keep a real time backup of peoples financial and personal information? Jesus christ they can take $200 oout of my cash value to buy a RAID array and 2 35 gig hard drives on tiger direct. If I can do it then an "expert" programmer like Glock should have no trouble.

If this is a company that you are certain will be one day regulated then please explain why they require all personal info, yet they cannot explain to the client base how to claim their portfolio on their income tax statement. Would this issue not have already been addressed? Isn't this the entire point of having a KYCF was for tax reasons in the first place?

Do you really believe that the SEC would regulate a company who sells their own sports derivatives on their own platform? Don't you think that asm could (and obviously is currently) maniuplate the transactions that take place? What if NASDAQ determined when a stock split or received commission from every trade? What if the NYSE decided to SPO shares of google tomorrow or Microsoft? I think that is a receipe for disaster and it is definitely a concern that has never once been addressed by chris or legal or whoever since they are all the same person.

Please explain why an entity in costa rica has a contact address in the United Kingdom that is also affiliated (by accident! of course) with another website that produces "Novelty" (read: FAKE) identification, social security numbers, and credit cards. Why is the mailing address in miami florida nothing more than a po box in an industrial wasteland? How can Carlos Duran (Cappo de Tutti on the forums) pretend to be a trader then reveal himself has a member of ASM staff all along? Do you work for ASM too Peebs and you are planning on telling us later on? Are you Legal or Corporate?

I mean honestly people the facts are there for you to see. I know You dont want to see the truth because you have invested thousands of dollars of your hard earned cash and you want this risky investment to come through for you. But it isn't and it won't. They are nearly bankrupt. that's great you get a $150 dollar check in the mail, but what about my friend who has requested a $10,000 withdrawl and who I know is on the up and up because he works at a REAL LIFE exchange, yet he has never heard from chris and co. despite multiple mailings. Yes he has submitted the forms, notarized, with all his id and had it confirmed. They even told him they mailed the check, but of course it is now sitting on chris's desk where it will remain indefinitely.

The writing is on the wall. If you over extended yourself and now you are forced to pay well, my friend, that is a very expensive lesson to learn. But it is your own mistake. Don't let others fall into the same trap just because you let the $$$$$ override your commonsense.

And next time maybe only think about starting with a $50 deposit instead of $5,000.

Peebs · #13 (**permalink**) 03-08-2007, 10:05 PM

My responses are in RED.

Quote:

Originally Posted by VinceYoung

Peebs,

Why are people being lied to by support telling them their check is in the mail when it isnt?
It's plain and simple wrong and I don't agree with it. Never make promises that are not delivered, especially in business.

I ask this question over and over again when anyone tries to say that Chris/ASM really is legit and moral and just has serious operational issues.

Nobody has answered it. It just one of those glaring wrenches that can't be removed so everyone who defends ASM, including you, just ignores it.

Peebs,

Why is it that when XXXXXX went to Costa Rica to visit Chris, he was given $500 in spending cash as part of a promotion only to have to give it back to Chris when Chris ran up a $2,000 tab that he couldn't pay. Why did Chris then take a stripper back to a hotel instead of going home to his wife? Is this part of his "Grand Vision"?
I will not comment on this as I was not there, and its none of my business.

Peebs,

Why do posts in the ASM forums get constantly deleted? What is ASM trying to hide.
I have no answer for this, I am not a moderator. If we ask in the forums, they will refer us to the Forum TOS

Peebs,

Why is it that users STILL aren't notified about all the rediculous withdrawal requirements when they sign up, despite many forum posts suggesting that. Why would ASM want people to be able to deposit so easily and hide from them the fact that withdrawing is so hard.
This is inaccurate as to the best of my knowledge in the new clinet's first email welcoming them, there is information about the KYCF.

Peebs,

What happened to ASM Expo? SI Article? CNN Interview?
1. I beleive one or two of the key speakers could not attend on the original dates, plus the signups were not that strong. You have a convention with 50-100 not 10-15. 2. IMHO, the SI article was put on hold because the editor did not want to talk about a co. based in CR that had not gone through the regulatory processes. This is just my hunch. 3. CNN interview - no clue, went under the radar completely

Peebs,

Why is it that both people on sportssession and ASM forums (including Tahoes of all people) have noticed a clear pattern of massive trades occuring just pennies below their own sell orders? People who are MO's of stock and are trying to sell see 48% of the float "trade" at a penny below their sell orders. Thus, the net result is that "volume" on ASM is fantastic and skyrocketting without having to actually give cash to any real traders. Oh boy, SD volume at all time high!
I do not have an aswer for this, I don't spend time analyzing the volume each day, I put my buys and sells up maybe once a week and forget about them.

Peebs,

Why does Chris think its ok to break a dozen regulatory laws in order to comply with one?

Please elaborate on which regulatory laws he is breaking. Rememberm this is stilla CR based co. until the entire financial network is moved into the US.

Peebs,

Why does Chris state there are 14,000 traders but making a few bucks in divs puts you in the top 500?

To be clear here, he's not saying active traders, he;s saying there's 14,000 accounts that have been created.

Peebs,

Why do you and others insist on being so blind and ignoring the obvious trail of bullshit?

Believe me VY, I am not blind nor am ignoring anything. I take notice of everything.

Peebs · #14 (**permalink**) 03-08-2007, 10:17 PM

Quote:

Originally Posted by VinceYoung

If you've posted in this thread once, there
is no need to post again. I have every file
in this thread on my desk.

If you've not been contacted, it means that
I've not completed my inspection of your
account.

Also, I am focused on supervising the recovery
from the weekend so this will take me a little
longer than originally planned.

All parties will be answered as quickly
as I'm able.

Chris

-----------------------------------------

Peebs, It has now been a f#@#@$ month since this thread started and Chris said "Your files are on my desk for review."

Every week he posted another update saying he was still "inspecting" or "reviewing" the files. Now with the outage he has yet another excuse.

What does that even mean, files on my desk? Are we expected to believe that in ASM's ONE 500 SQUARE FOOT ROOM that there is a filing cabinet with with 14,000 files in it?

He has deleted many posts in that thread as well, mostly the ones where people said support lied to them.

WTF!!!

Peebs, one last thing. Grand vision doesnt mean squat if you can't execute it. The events from last weekend are a perfect example. This site has thousands of peoples money and only AFTER a catastrophic disaster does Chris deem it necessary to build a backup machine....And I've talked at length with guys like Logaperc...I know about all the missed opportunities that Chris has bungled.

He is a 5 foot tall lying toad. Anyone can see that. What more evidence do you need? Please ask and I will provide it.

You don't need to provide any more evidence, Neither you nor I are in CR. We don't know what goes on. Period. The fact that people are still receiving money is what keeps me going. If he's looking at individual people's files, that's his decision.

As for censorship, its a sticky issue - but its his business, his servers, his forum ... he can do as he pleases while the business is in CR. You either play by his rules or you don't play. I know what I am defining sounds like communist russia, but the invention and the idea is what keeps me going.

Peebs · #15 (**permalink**) 03-08-2007, 10:23 PM

My responses are in red.

Quote:

Originally Posted by firefly

Peebs,

I'm one of those who - at least every now and then - receive withdrawals. Smaller ones, yes, and often with much difficulty, yes, but I do receive some money from them and I'm not hiding it because I don't have an agenda like Chris loves to claim of those not on his side. But I've spent too much time and effort with ASM to either walk away and leave 2K in there or to invest more in the hope to make a fortune. And I've done too much advertising for ASM in the past to simply sit by and let others run into trouble.
I consider myself one of those that want a final word. Where are we going? Down or Up? And I'm sick of waiting. And the tendency clearly says we're going down. And even if ASM is not going down (BIG if), it's ridiculous that we (particularly those with much much more money still in there) have to bear with such an obvious business noob that Chris is who thinks the best way to get a new (!) business running is to piss off all clients and lie to them and treat them like shit.
Absolutely correct! and I have sent him emails about it many times.

The best example is his new thread where he wants a critical discussion of what ASM needs. He already excludes the majority of ASM users from posting in his introduction. Big newbie mistake.
Now, since you're apparently one that is still leaning to Chris side and would be allowed to post in this thread (I assume), I would like you to go and ask him in there to explain his vision. In detail! (Or, tell us here since you have already been told about it and seem to know more.)
I can do that for you no problem.

I have tons of visions myself. The perfect state, the perfect environment policy, the perfect store, the perfect website, the perfect whatever. Do I ask people to follow me and give me money and lie to them to keep them happy? No. And why not? Because I don't have designed the appropriate methodology yet to make my visions become reality. I haven't done research in the respective areas to identify key problems that my vision will solve.
I'm involved in EU projects where people can get public funding. Do you think the reviewers there are satisfied with "Hey, I got this vision.. you know Google? I tell you what. I'll be better"? No, they want DETAILS.
So, it's time for such details. I would love to get some from Chris because all we've been getting yet is "Hey, I got this vision..."

Have a great day yourself (and this post is not against you in case it sounds like I'm attacking you for defending Chris).

Not at all. I enjoy conversing with you on here, you;ve always been respectful to me.

Peebs · #16 (**permalink**) 03-08-2007, 10:39 PM

My responses in red

Quote:

Originally Posted by Inspekt

So you are telling me chris is working 24/7 on getting withdrawls out and getting accounts restored yet he takes time out of his day to post this:

" Scientists study Earth's missing crust - Yahoo! News

Now that is truly an interesting story.

Any thoughts on this one?

Chris"

I mean honestly he is playing around on yahoo news while there are probably a couple dozen new signups from the last few weeks who had their accounts completely zapped and have lost all their money and information. This hasn't even been addressed in the forum.
They have addressed it numerous time and are trying there best to fix the problems.

For that matter who doesn't keep a real time backup of peoples financial and personal information? Jesus christ they can take $200 oout of my cash value to buy a RAID array and 2 35 gig hard drives on tiger direct. If I can do it then an "expert" programmer like Glock should have no trouble.
Yes I am not diagreeing, their redundancy problem came to surface this past weekend and a flaw was pointed out. I'm sorry but you often have to make a mistake in order to correct upon it and improve it in the future.

If this is a company that you are certain will be one day regulated then please explain why they require all personal info, yet they cannot explain to the client base how to claim their portfolio on their income tax statement. Would this issue not have already been addressed? Isn't this the entire point of having a KYCF was for tax reasons in the first place?
I am just speculating here but, part of their discussions with the people in DC and VA revolve around tax implications, as this is a hugve reason why the US govt would allow the introduction of a new financial instrument that involved sports - to generate additional revenue from the capital gains and dividend income.

Do you really believe that the SEC would regulate a company who sells their own sports derivatives on their own platform? Don't you think that asm could (and obviously is currently) maniuplate the transactions that take place? What if NASDAQ determined when a stock split or received commission from every trade? What if the NYSE decided to SPO shares of google tomorrow or Microsoft? I think that is a receipe for disaster and it is definitely a concern that has never once been addressed by chris or legal or whoever since they are all the same person.
Your way off base here, its been said in numerous threads that two companies would be established in the US.. one acting as the clearing house or exchange (ASM) and the other acting as the underwriter. Splitting the two functions is completely necessary as per your points above. The sports teams will underwrite their derivatives through this company andhave them trade on an exchange - whichever that may be.

Please explain why an entity in costa rica has a contact address in the United Kingdom that is also affiliated (by accident! of course) with another website that produces "Novelty" (read: FAKE) identification, social security numbers, and credit cards. Why is the mailing address in miami florida nothing more than a po box in an industrial wasteland? How can Carlos Duran (Cappo de Tutti on the forums) pretend to be a trader then reveal himself has a member of ASM staff all along? Do you work for ASM too Peebs and you are planning on telling us later on? Are you Legal or Corporate?
Do a search on here for past threads regarding me. I am not getting into this again, been down that road before and it did not have a happy ending. I am not an employee, legal, or corproate affiliate. What I am now is a client and a student who has nothing more than a research interest in the development of this business. Carlos not identifying himself as an employee from day one was not right, and he came on apolgized for it and made himself known after it was brought up. I have no idea what the fake id site is or whatever, as I have never investigated it. The florida address which I have sent packages too is nothign more than a forwarding agent address that collects mail and is picked up by someone I am presuming and taken to CR

I mean honestly people the facts are there for you to see. I know You dont want to see the truth because you have invested thousands of dollars of your hard earned cash and you want this risky investment to come through for you. But it isn't and it won't. They are nearly bankrupt. that's great you get a $150 dollar check in the mail, but what about my friend who has requested a $10,000 withdrawl and who I know is on the up and up because he works at a REAL LIFE exchange, yet he has never heard from chris and co. despite multiple mailings. Yes he has submitted the forms, notarized, with all his id and had it confirmed. They even told him they mailed the check, but of course it is now sitting on chris's desk where it will remain indefinitely.I have invested more time than money into this website on many levels, so its my heart not the money that wants it to succeed. I'm sorry about your buddy, all I can say I really hope that once things smooth out a little and the direction of the co. is more transparent that these issues will be resolved with all clients.

The writing is on the wall. If you over extended yourself and now you are forced to pay well, my friend, that is a very expensive lesson to learn. But it is your own mistake. Don't let others fall into the same trap just because you let the $$$$$ override your commonsense.
The $$$ never overid my commonsense and never will.

And next time maybe only think about starting with a $50 deposit instead of $5,000.
How do you know how much I deposited??

GhostRyder · #17 (**permalink**) 03-08-2007, 11:33 PM

Who in their right mind would even be considering keeping money in this place? Let alone make a deposit?

I got a friend of mine to sign up a while ago. He is a police officer as well. He trusted me and made a few deposits. Now I am getting the calls from him about him having to send these scammers in costa rica his SS# and the other stuff on the kycf. Him, being a cop, of course will not do it! Now hes going to have his account wiped from their system!? UTTER BS! WTF am I supposed to tell this guy? When he signed up the TOS stated you will never need to give you SS#...now he will lose $1000's of dollars.

Peebs...if you can't see the BS crap going on here I feel for you. Chis is a bullshit artist. Plain and simple. The 1 reason I bought the ASMA1 cornerstone was I figured if anyone could sell bullshit , Chris can. We even talked about how he was trapping you in your contract....Just about every person I signed up on here has been screwed.

Con men thrive on exposing peoples trust and hearts. There comes a time when everyone needs to use their brains! All they are doing now is holding people by the balls cause they got their money...they are buying time hoping more people come in so they can make the money to pay out.

Hopefully most people are beginning to see how ponzi works. No new money, no payouts.

I put in lots of time on that site since day 1! ...Aug 2004...Got a kick in the ass right out the door for helping them stay afloat. They have done nothing right from the beginning...their only hope now..and its a long shot for them, is to somehow get regulated within the USA...sell their IPO and pay off what they owe all the people getting out...there in no trust left for Chris or the site.

If they can't handle "14,000" traders now...how on earth would they ever handle 100,000 or 1,000,000 traders? LOL poor people

Actions speak much louder then words...and the actions from ASM to me is very clear...the writting is on the wall...most that invested here will have to consider this a bad investment.

As firefly stated...people might have the best visions in the world...but thats meaningless...we all have them. But ASM is trying to obtain this "vision" by breaking any rule they can and piss on the people that need the money invested in the site.. They dont give a rats ass about our money in the site...only how they can use it to benefit them..Is this an honest company we should do business with? I think not!

hollywoodcole5840 · #18 (**permalink**) 03-09-2007, 03:00 AM

It is funny how pro-ASMers are just playing dumb to all the b.s... sorry mr. allsportsmarket.ca, the site is a ponzi scheme and is a scam...

Inspekt · #19 (**permalink**) 03-09-2007, 03:02 AM

NO peebs you have got it wrong. Putting 3 posts in the forums saying "I am working on it" does not address the issue and quite frankly the CEO of a company has no business playing around on Yahoo news when his clients have lost money because of his own oversight. He needs to be working on it not posting some bullsh!it in the forums - you can't spin that any other way, it is simply inexcuseable.

The fact there was no backup to the system is not just a minor mistake that needs to be overlooked. WE are talking about people having invested thousands of dollars on this sight. Overlooking the fact you need to back up your data is not a minor hiccup in the system. The fact there was no backup for weeks is not just a flaw it is a MAJOR FAILURE of asm to keep their clients information and history safe. Great I really have faith in this company to keep my sssn and CC #s safe now too.

A couple of posts in the forum about getting an underwriter and an exchange in no way addresses the concerns I have posted. What addresses these concerns is a business plan, which of course asm does not and will not ever have.

Like the majority on here I THINK ASM IS A GENIUS IDEA THAT IS EXECUTED LIKE SHIT. These people have absolutely no concept of how to run a business, or they are scam artists. No matter what I do not believe it is ethical to allow other traders to deposit money into this website when we know there are so many flaws in the site and the execution of this idea.

All anybody says is once things smooth out all will be ok. Well when I joined this site things were a heck of a lot smoother. I deposited and got withdrawls in a matter of hours via neteller. I did not have to submit delicate personal information. I enjoyed trading on this site because they were not banning the people that supported it from the beginning. Now we are left with a "withdrawl" system that never works, no neteller or similar method of withdrawl that works in the US, and users who are FORCED to submit personal inormation, not to mention people who are put on trial or outright banned for saying they don't agree with ASM policy.

This does not even address the fact that ALL users are now required to submit a KYCF or forfeit their entire account. Now how in the hell do you justify that? I dont even trade on asm any more and now i am forced to submit my personal info? THIS WAS NEVER IN THEIR OWN TERMS OF SERVICE. The fact that they already have prevented me from ever withdrawling is not enough. WOW I dont understand how you can support this, honestly I dont even comprehend how you can stand behind this.

Peebs · #20 (**permalink**) 03-09-2007, 04:42 AM

Quote:

Originally Posted by hollywoodcole5840

It is funny how pro-ASMers are just playing dumb to all the b.s... sorry mr. allsportsmarket.ca, the site is a ponzi scheme and is a scam...

Jon I am not playing dumb to the b.s. , I resent this statement.

As I said everyone can paint their own personal picture anyway they want to make others feel sorry for their plight. But none of us really know the personal situations or what was said or done to warrant the harsh treatment

Why was $1600 sent out yetsterday to a client. (and no it was not me)???

Companies that are scams and schemes by this point are not paying out any people that amount of money, or even posting anything in the public domain for that matter. Tell me something.. why did Chris not pack up shop months ago, take all the private placement and ipo money from 2.5 years and just shut'er down and vanish into South America.

Answer: because he is reallytrying to succeed.

I guess until the site no longer exists and the business ceases to exist, given all my communications and understanding of the current situation - I will stand by my assertion that he is doing his best to fulfill the committment to clients.

This is my opnion, and hate me if you will. But I am entitled to feel this way, as are you for feeling the way you all do. I have never criticised or condemned people pleas for help re: witdhrawals and such - and I never will. I will however defend that the site is not a scam or a ponzi scheme. Misdirected and Misguided is much different than a SCAM with a malicious intent to harm from the onset.