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PT STOCK FUND EXPOSED PG 40

Started by THEFERRETT [2352197] on in Faction Discussion.

1,028 replies · 5.46k views · thread synced · 4 days ago · View on torn.com

Posts archived: 1,029 / 1,029 posts (100%) · the total is Torn's reply count + the opening post at the last fetch

LTJELLOMAN [1161626]

"Also for the idiots who keep saying "hurr durr xanty has 4.4t why not buy weapons from that money", you do realise that most of that money belongs to the members from the mutual fund and is not his money?"

I think you're pointing out the problem

the highest his net ever got to was 230b, we will pretend none of that was PT money and it was all him being self made. Less than 5% of the 4.4T is his and he is doing 26% taxes on the skims to fund his $1,728,450,000,000 worth of SE's used. are we saying the fund did 8.4T profit and he really deserved 26% of that? 

he didnt mind spending 1.73T on SE's he could have put 100b of that into the armory for PT and everyone would likely be fine with it no? heard a rumor he used PT money to get himself a EOD set but guess its just shit flinging since you had to mention NS 

Its the ironic part of how he took away the income of his members because of 1 bad war when he seems to be only a handful of people thriving in PT these days.

Bumfluff [969606] Wiki Contributor

What most people are missing here is that everything in PT is actually incredibly transparent (as shown by how easy it is for any member to access the data to share in this thread)

 

Members are fully aware of what they are buying into, and the scheme is completely optional.

 

A scam implies a deception, but nothing in this thread is ‘exposed’, because all members are already aware of the terms and conditions as it were.

legion3716 [2726285]

Scam?  No.

 

Predatory? Yes.

 

If we have a members' balance for so long after they quit torn, it goes into my faction vault for faction expenses, not into my own or any of my council members pockets.  This % penalty tax could actually fund the armory if done correctly but this is PTs choice. While everything appears transparent,  leadership and managers make money off of members short comings.

 

But as you state, members know what they signed up for and thats between them and the house.

 

 

__Sslash [2863035]

Probably cherry picking a month that supports his argument.

 

Or maybe not, bunch of word salad in his post that is too much for my midnight sleepy brain.

__Sslash [2863035]

"This is nothing new, all our members knows that we won't pay them, AND we will be skimming them while calling them leeches."

 

Does not make PT looks any better like you thought it would.

__Sslash [2863035]

I feel like most of the folks are saying that why don't they use the faction fund to cover the rw payout instead of just not paying the members, as they've claimed that PT have sufficient funds.

Woogleen [2808960]

So you guys are willing paying for your leaders SEs?

 

Dam bro more members should be like you guys!

 

All for one and none for all!

LaOctopus [3532363]

As a new player this event has taught two things:

  • I know nothing about this game
  • I never going to reach the heights of some of the greatest players here
THEFERRETT [2352197]

when you’re PT and you raid shit factions who are mean to you in the forums but you have no balls when it comes to taking shit from THEFERRETT because he’s in an M shell so instead you have to take it from him whilst Autistic Dragon is the leader of the faction he’s sat giving it the large from. 

 

Co-leadership of Monarch Retardation has been transferred from THEFERRETT to AUTISTIC_DRAGON by THEFERRETT.

Mentions: AUTISTIC_DRAGON [2987306] · THEFERRETT [2352197] · Monarch Retardation [44762]