I’ve read many legal documents but I never saw such DILETTANTISM. Germans have perfect word for the such spoliness:
SCHLAMPEREI!
I have no explanation how both directors of Greyp Bikes, Mr. Rimac and Mr Hlede, didn’t know the INCORPORATION DATE of Greyp Bikes ! They THINK that incorporation date is 27.9.2013. It is not!
The incorporation day of Rimac Bikesis 16.12.2008.
I have some understanding for indolence of Mr. Hlede since he was pointed as CEO 21.6.2016 but not for Mr. Mate Rimac.
Mr. Mate Rimac founded this company! He was too young to become director so his father, Mr. Ivan Rimac, took role of director.
Nevertheless, Mr. Mate Rimac (the son of Mr. Ivan Rimac) later became the director.
Greyp Bikes cannot and will not issue nominal shares worth 100 HRK and that will be THE BREACH of contract!
Again, I will state the minimum value of the nominal share. Croatian Company Law, Article 390 clearly states: “The nominal values of a business share may not be less than HRK 200.00”.
How to use minimum amount of the nominal share, 200 HRK, to cancel the contract?
Mr. Mate Rimac is CEO at Greyp bikes d.o.o. and the major shareholder. I will put to you that Mr. Rimac was well aware of the fact that minimum amount of the nominal share cannot be 100 HRK. To my best knowledge Facebook account Mate Rimac is the personal account of “the” Mr. Mate Rimac. The Facebook account Mate Rimac commented article “Investitori Mate Rimca do sada uložili ukupno preko milijardu kuna (Mate Rimac investors have invested over HRK 1 billion so far)” and stated 8 weeks ago: “Temeljni kapital je samo refleksija vlasničkih udjela gdje je najmanja jedinica udjela = 200 kn temeljnog kapitala. (google translation: Share capital is only a reflection of equity where the smallest unit of share = 200 kn of share capital.“). Mr. Rimac: the smallest unit of share = 200 kn of share capital.
Mr. Rimac KNEW!
THE AGREEMENTS
TOKEN HOLDER AGREEMENT is document which is not signed yet. Smart Zero UG, Greyp Bikes d.o.o. and Investor suppose to sign that paper later. However, the termination of the Token Holder Agreement will happen if Smart Zero UG was liable for willful misconduct and/or gross negligence. And YES! There is willful misconduct and/or gross negligence.
Mr. Krešimir Hlede is Chief Operating Officer at Greyp Bikes d.o.o. and General Manager at Smart Zero UG.
If Mr. Mate Rimac, CEO at Greyp Bikes, and the major stakeholder of Greyp Bikes knew about 200 HRK rule, his second in command, Mr. Hlede knew too!
Paragraf 1.5. of the Agreement is not valid (The total number of Company Equity Tokens amounts to which corresponds to of Shares, with nominal value of 100.00 HRK each.). The Investor just has to point out to other Agreement parties that the Agreement is not valid and that he will no agree to an Amendment pointing his rights in Paragraph 12.4. Smart Contract Amendment. No modification or amendment to any of the Smart Contracts, other than Smart Contracts Code Update described in section 12.3 hereof, shall be effective unless authorized by each Party by signing such amended Smart Contract and voiding existing.
The same principal of cancelation can be used for the other document, Reservation and Acquisition Agreement. In this Agreement the Article 1.3. is not valid! (For this purpose, Company has or will initiate an increase of its share capital through the issuance of new shares each with a nominal value of HRK 100.00 (the “Share”).) This time the Investor should point out to Article 13.4. Smart Contract Amendment. No modification or amendment to any of the Smart Contracts, other than Code Update described in section 13 hereof, shall be effective unless authorized by each Party by signing such amended Smart Contract and voiding existing Smart Contract.)
Let’s see what Greyp Bikes has to say about “shareholder loans” in this document:
Greyp Bikes is very serious about it and starts with this statement: Issuer (Greyp Bikes d.o.o.) is the company raising funds through the Equity Token Offering (ETO) and accepts responsibility for the contents of this Investment Memorandum and declares that, to its knowledge, the information provided is correct and no material circumstances have been omitted.
Equity Token Sale didn’t stop even when two European financial regulators issued warnings and pointed out illegalities! Is Greyp Bikes in financial problems when they ignore all warnings?
The warnings from the German and Liechtenstein market regulators were transmitted by all relevant newspapers, but not the Croatian ones.
Can an illegal recapitalization be hidden behind cryptocurrencies? When will the German or Liechtenstein regulator knock on the front gate of Greyp bikes d.o.o.?
A team of fraudulent startups, fake financial advisers and other blabbers said NO to any investment rules. Crypto is the wild west! They claim that everything is allowed out there!
First about the stakeholders!
Greyp Bikes Ltd. is a sister company of Rimac Cars Ltd. and Mr. Mate Rimac is the biggest investor. The share capital is 27,800HRK. The current investors have mutually agreed that their company is worth 45,000,000EUR!!! Just like that! Neither an expert opinion nor a certified auditor’s investigation was conducted. They are visionaries!
Smart Zero UD is a German subsidiary of Greyp Bikes d.o.o. with a share capital of 1,000EUR. In the process of recapitalization, Greyp Bikes will transfer 6 to 30 business stakes to Smart Zero each worth 100HRK. Ten shares worth 1000HRK will be considered to be worth 1.618.705,00EUR. Croatian Companies Act strictly forbids shares with nominal value less than 200HRK. They don’t care for that.
Crypto Token is something like “let’s play this is a company share but it’s not.” If a market regulator asks Neufund what is a Crypto Token GRP, it will get a “it’s equity-like participation rights” response. This security is being sold to investors as Company Equity Tokens, which are quantitatively equities holdings. The tokens contain rights that a classic stakeholder would have in a Ltd, all of which are NOT in accordance with the Companies Act.
Neufund is selling Greyp Token (GRP). 1GRP cost 10% less during pre-sale. It was selling for 0,1456834532 EUR. Today it sells for 0.1618705036 EUR.
Neufund is a crypto platform owned by Ltd from Liechtenstein, Fifth Force GmbH with a registered capital of only 10,000EUR. The company engages in financial services in the cryptocurrency market, although it does not have the needed approval of a non-EU financial intermediation country.
This is how the “marriage” is arranged
Greyp has agreed with Neufund to start the recap, and depending on the amount of money raised, Greyp will make an adequate recapitalization. If we ignore that there is no prospectus that is extremely important, this could pass. And that’s it! Everything else is illegal!
But token sales didn’t go smoothly either. Four large transactions of GRP tokens during presale period were recorded. Three of them are the largest transactions of all tokens sold by Neufund. These big investors got a discount of up to 50%. “Ordinary” investors are only pre-approved for 10%.
For example, an ordinary investor bought 205,925 GRP tokens for € 30,000
while the special investor did much better. He acquired 370,666 GRP tokens.
To whom can an investor complain? Neufund claims to play according to Liechtenstein rules.But that is not truth!
What about when the purchase of a GRP token is completed?
After 14 days of pre-sale and 30 days of trade, the line is drawn and Neufund should transfer the funds to Smart Zero and Smart Zero should buy new business shares form Greyp Bikes.
And here’s the problem again! Croatian law does NOT allow a subsidiary company that holds a share of the parent company to manage the parent company. So “rimac tokenization” is illegal from the beginning! German Smart Zero UD, company that “keeps” the tokens will never have voting rights in Greyp.
But not! They knew everything, they were warned!
Here’s the course of events!
1. Neufund is 09/16/2019. announced that it has received permission from the Finanzmarktaufsicht Liechtenstein (FMA) to be able to offer financing, tokenization and investment on its neufund.org page.
2. 09/27/2019 FMA prohibits Neufund from providing any financial services .
3. 2/10/2019, after the FMA banned Neufund’s idea of carrying out a recapitalization of Gray’s tokens, Neufund swallowed shit and said: FMA gave us no approval! So Neufund is clear and loudly admitted that he had lied, but that didn’t stop him from moving on with Greyp.
4. On October 10, 2019, Grayp’s recap was launched at neuman.org despite a clear FMA ban . To be even more insolent to the FMA, at the very top of the page it is stated: “This offering is listed under Liechtenstein jurisdiction” with special emphasis on LISTED.
5. 10/28/2019 German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) announces that Neufund intends to sell Greyp securities without a prospectus, and that such is unthinkable and illicit! German laws protect small investors and everyone who pays ETO less of € 100,000 are small investors.
6. 10/31/2019 Mr. Hlede (CEO of Gray) still falsely claimed that he is licensed in Liechtenstein
7. Despite the ugly differences in the price of the tokens, and the principle of each token is that all investors have the same price, the token is still being carried out and until now, tokens worth 1.324.010,21EUR have been sold.
Well, to conclude, this kind of racap of Greyp was banned by both the FMA and BaFin, and is contrary to Croatian law. If it is not already notorious crime then it is absolute slammer and unprofessionalism.
AD1. 16.09.2019
Neufund: Today we’re launching the first retail offering on Neufund. Following the legal clearance from the Financial Monetary Authority in Liechtenstein, we can now host offerings with a ticket size of just 10 EUR, making them accessible to investors of all sizes. The first offering comes from Greyp, a high-tech mobility platform backed by Porsche, T-Mobile and Slock.it — and it starts today. Asset tokenization carries a number of benefits, such as automating compliance, reducing direct cost, 24/7 markets, and fractional ownership. But above all, tokenization enables true financial inclusivity. With today’s announcement we deliver on our promise to democratize access to funding for entrepreneurs globally and enable anyone to access the most innovative investment opportunities with ease, in a compliant and secure environment. It’s a big day — not just for Neufund, but for business and finance communities at large. We’re very excited to say that the first offering starts today. Welcome Greyp! Neufund has become the world’s first platform to launch a fully compliant retail public offering using blockchain technology. The platform has received clearance from the Financial Monetary Authority in Liechtenstein to host public offerings with a minimum investment of just €10, making it accessible to investors of all sizes. While Neufund offerings are governed by German or Lichtenstein jurisdictions, companies can be incorporated from most countries around the world (including the UK). Neufund is already working on future offerings with companies based in India, Croatia, Germany, and Belgium.
AD2. 27.09.2019
Finanzmarktaufsicht Liechtenstein (FMA): The Fifth Force (Liechtenstein) GmbH does not have a supervisory license from the FMA and offers by Fifth Force (Liechtenstein) GmbH are therefore not subject to supervision by the FMA. As the operator of the website https://neufund.org/,Fifth Force (Liechtenstein) GmbH is not authorized to provide financial services subject to licensing in and from Liechtenstein.
AD3. 02.10.2019
Neufund Clarification statement: In regard to press release made on Sept. 16th by Fifth Force (Liechtenstein) GmbH (operator of the Neufund platform, Neufund) we would like to clarify explicitly that Fifth Force (Liechtenstein) GmbH (Neufund) has not received any kind of license or approval (“Genehmigung”) from the Financial Market Authority in Liechtenstein (FMA).
AD4. 28.10.2019.
BaFin — Greyp Bikes d.o.o.: Öffentliches Angebot ohne Prospekt. Es besteht der hinreichende Verdacht, dass in Deutschland Wertpapiere in Form von „GREYP“-Token öffentlich angeboten werden. Emittent ist nach den unter https://platform.neufund.org/eto/view/LI/1eb004fd-c44d-4bed-9e76-0e0858649587 abrufbaren Dokumenten die Greyp Bikes d.o.o.. Entgegen Artikel 3 Absatz 1 der Verordnung (EU) 2017/1129 wurde hierfür kein Prospekt veröffentlicht. Das Vorliegen einer Ausnahme von der Pflicht zur Veröffentlichung eines Prospekts ist nicht ersichtlich. Insbesondere liegen die Voraussetzungen für ein prospektfreies Angebot von Wertpapieren mit einem Gesamtgegenwert von nicht mehr als 8 Millionen Euro gemäß § 3 Nr. 2 Wertpapierprospektgesetz (WpPG) nicht vor, da es an einem dann gemäß § 4 WpPG erforderlichen Wertpapier-Informationsblatt fehlt.
Obradio sam sve uplate po investitoru i neki rezultati analiza su izuzetno interesantni.
Postoje četiri investitora koji naprosto opsesivno-kompulzivno kupuju tokene. Razvrstani su uzlazno po vremenu kupnje. Jedna boja, jedan kupac. Interesantno kako niti jedna transakcija nije niti blizu prosječne transakcije, 1.290EUR, a većina ih je ispod mediana 315EUR.
Još su zanimljivije najmanje uplate! Prvih 60 najmanjih uplata su sve redom “duplići”! Doista bi volio da mi to netko objasni. Također je jednako interesantno kako su jedino duplići, višestruki investitori, uspjeli uplatiti iznos manji od minimalnog propisanog iznosa transakcije, 100EUR!
Gotovo je! Dokap Greyp Bikes d.o.o. je posve nezakonit i mora biti obustavljen! Temeljni dokument, INVESTMENT MEMORANDUM, temeljem kojeg se provodi dokapitalizacija ne može proizvesti pravne učinke u Republici Hrvatskoj. Ukratko, ulagateljima samo preostaje tražiti povrat novca od kripto servisa.
Temeljna nepopravljiva nezakonitost INVESTMENT MEMORANDUMa je napisana na stranici 9. Iznos nominalnog udjela (“New share nominal value”) ne smije iznositi 100Kn.
(1) Nominalni iznos poslovnog udjela ne može biti manji od 200,00 kuna, ako ovim Zakonom nije drukčije određeno. Nominalni iznos poslovnog udjela mora biti izražen cijelim brojem koji je višekratnik broja sto. Zbroj nominalnih iznosa svih poslovnih udjela mora odgovarati iznosu temeljnoga kapitala društva.
Uprava Greypa je očito angažirala lošeg odvjetnika koji je napravio takav nepopravljivi propust.
Sljedeći put, ako ga bude, nestručnoj upravi Greypa želim više sreće i puno više mudrosti.
stupanje u transakciju, davanje naloga za trgovanje ili bilo koji drugi postupak koji: i. daje ili vjerojatno daje lažne ili obmanjujuće signale u pogledu ponude, potražnje ili cijene financijskog instrumenta, povezanog promptnog ugovora za robu ili proizvoda na dražbi na temelju emisijskih jedinica; ili
Imamo ispunjene sve elemente! Lažni signali potražnje su objavljeni 29.09.2019, prije nego li je izvršena prava transakcija, a glaasi: “rekao nam je Filip Nendl, projektni menadžer u Greypu, ali nisu se nadali da će u prvih 48 sata od pokretanja kampanje, koja je novitet u Hrvatskoj, ali i u svijetu, već imati 2000 ulagača,” Danas, 12.11.2019 je broj ulagača bitno manji od 1000.
(b)
stupanje u transakciju, davanje naloga za trgovanje ili bilo koja druga aktivnost ili drugi postupak koji utječe ili vjerojatno utječe na cijenu jednog ili nekoliko financijskih instrumenata, povezanog promptnog ugovora za robu ili proizvoda na dražbi na temelju emisijskih jedinica u kojima se upotrebljavaju fiktivni postupci ili bilo koji drugi oblik obmane ili prijevare;
širenje informacija putem medija, uključujući i internet, ili nekim drugim načinom koje daju ili bi mogle davati lažne ili obmanjujuće signale u pogledu ponude, potražnje ili cijene financijskog instrumenta, povezanog promptnog ugovora za robu ili proizvoda na dražbi na temelju emisijskih jedinica, ili drže ili bi mogle držati cijenu jednog ili nekoliko financijskih instrumenata ili povezanog promptnog ugovora za robu ili proizvoda na dražbi na temelju emisijskih jedinica na neuobičajenoj ili umjetnoj razini, uključujući širenje glasina, kada je osoba koja je proširila informacije znala ili trebala znati da su one lažne ili obmanjujuće;
prenošenje lažnih ili obmanjujućih informacija ili davanje lažnih ili obmanjujućih osnovnih podataka u odnosu na referentnu vrijednost kada je osoba koja je prenijela informaciju ili dala osnovni podatak znala ili trebala znati da su oni lažni ili obmanjujući, ili bilo koji drugi postupak kojim se manipulira izračunom referentne vrijednosti.
U Investment Memorandumu piše da je popust tijekom presalea 10%. Smrdljive transakcije su ostvarile popust i od 50%.
Ovo je nastavak priče o Smrdljivim transakcijama. Riječ je o transakcijama koje su “spasile” Greypov ETO na štetu malih ulagača.
Na stranici Greyp Bikes je komunicirana je visina soft capa: 1.000.000EUR. Ukoliko se ne skupi 1mil EUR, ETO propada i investitorima se vraća novac.
U Greypu su bili puni sebe pa su izmislili dodatno ograničenje. Željeli su prikupiti soft cap u svega 500 transakcija ili kako ih u Greypu nazivaju “slotovima”. Prvih 500 slotova je otišlo brzo. Prvi slot je prodan 10/14/2019 u 10:02:57 AM, a zadnji dva dana poslije, 10/16/2019 u 3:21:50 PM. Panika u redovima je bila na vrhuncu! Kampanja je PROPALA. U prvih 500 slotova skupljeno svega je 782.230,60EUR. Čak niti pumpanje soft capa s dvije ogromne smrdljive transakcije nije pomoglo.
Ovo je 500. transakcija/slot izvršena 10/16/2019 u 3:21:50. Do 1mil EUR nedostaje točno 217.769,40EUR.
U spas Greypovog ETOa pozvani su “smrdljivi investitori”. U prvih 500 slotova odigrane su već dvije smrdljive transakcije bez kojih bi sakupljeni iznos bio svega 672.230,60EUR. Otvaranjem dodatnih 200 slotova pojavljuju se još dvije smrdljive transakcije, na iznose 30.000,00 i 130.000,00EUR.
Kako su “smrdljivi investitori” ostvarili popuste nije poznato, no posve je nesporno da je mali/obični ulagač tijekom presalea ostvario svega 10% popusta. “Smrdljivac” je dobio 50%! Smrdljive transakcije su obavljene suprotno Memorandumu i moraju biti poništene!
Mali investitori imaju slamku spasa! Moraju tražiti poništenje smrdljivih transakcija. Poništenjem nezakonitih transakcija soft cap nije dostignut. Bez njih je skupljeno svega 804.787,82EUR, odnosno 1/5 manje od propisanog!
Ukoliko pak mali investitori smatraju da neispunjenje soft cap nije razlog za poništaj svakako bi se morali zapitati zašto bi smrdljivi kapital imao veći utjecaj na glasačko pravo u Greyp Bikes nego mali/obični ulagači.
Smrdljivci su tijekom presalea uplatili 270.000EUR i kupili 2.947.680GRP tokena, a iskreni mali ulagači su s 804.788EUR kupili 5.523.904GRP tokena.
Soft cap nije postignut! 804.788EUR nije 1.000.000EUR!
Moram se osvrnuti i na posve neistiniti tekst s kojim je neistinita Greyp ETO kampanja krenula: Tvrtka poduzetnika Mate Rimca, Greyp Bikes, jučer (objavljeno 26.9.2019. u 11:23) je do kraja dana prikupila gotovo milijun eura (7,4 milijuna kuna) od zainteresiranih investitora preko javne ponude digitalnog tokena koju su lansirali u ponedjeljak. Očekivali su dobre rezultate, rekao nam je Filip Nendl, projektni menadžer u Greypu, ali nisu se nadali da će u prvih 48 sata od pokretanja kampanje, koja je novitet u Hrvatskoj, ali i u svijetu, već imati 2000 ulagača, od kojih je polovica iz Hrvatske. Objavljena je na portalu novac.hr. To su drske LAŽI i navlačenje investitora!
G. Filip Nendl, BESRAMNO LAŽETE! Presale je pokrenut 14.10.2019! Do 25.9.2019 u 11:23 prikupljeno je NULA KUNA. U trenutku Vaše obavijesti prodaja nije ni započela!
Besramna laž izgovorena prije početka trgovine čak niti do danas, 11.11.2019, nije ostvarena! Dok ovo pišem broj investitora u GRP tokene je 874. G. Nendl, gdje se vodi evidencija tih Vaših investitora?
Danas je lov na investitore otvoren! Navlačenje investitora neistinitim podacima je zabranjeno. No Greypu kršenje zakona nije zapreka. Na njihovoj stranici objavljenoj 28.10. Piše: “In our pre-sale, we powered past our “soft cap” and quickly raised more than EUR 1 million. That followed a successful whitelisting process where we had to open up an extra 200 slots because of the high demand to register for the sale.” Istina je da su 1mil dostigli tek 10/23/2019 u 9:33:48 AM, zadnji dan presalea, i to sa smrdljivom transakcijom u iznosu 130.000EUR. Bez te transakcije soft cap ne bi bio dostignut i mali investitori bi bili spašeni povratom novca.
Najveći navlakač na Greypov ETO je index.hr koji uopće ni bira riječi kojima pokušava navući investirore. Neistine koje se navode članku su: “minimalni ulog 100 eura”, “kupnjom tokena investirate u imovinu kojom se može trgovati”, “ulagač može kupiti udio u Greypu”, “Token koji izdajemo daje prava identična vlasničkim”, “svatko tko kupi token ima pravo glasa na skupštini,”Vlasnici tokena su tako de facto posredno suvlasnici Greypa”. Sretno investitorima koji su nasjeli na neistine!
Recimo da svi ovdje znaju što je to srednja vrijednost (AVERAGE TICKET IN EUR) i kako se računa. Ako je: TOTAL AMOUNT RAISED IN EUR 1.334.563,48 (to veli i moj Excel) NUMBER OF TRANSACTIONS 1.013 (i to veli moj Excel) tada je AVERAGE TICKET IN EUR 1.317,44 i baš nikako nije kako to tvrdi NEUFUND! AVERAGE TICKET IN EUR 1.532,22
MEDIAN se malo kompliciranije računa ali ako je moj Excel točno izračuna AVG za vjerovati je da zna izračunati i MEDIAN
Dokapitalizacija Greyp Bikes 