Originally Posted by
Taojnhy
I suppose, but just to get tin-foil-hatty for a moment:
1) We already know that Appleton has no problems with lying to suit his needs.
2) There are still approximately several thousand dollars in the total expenditures for GM that were never satisfactorily accounted for.
3) Suddenly Appleton is offering some kind of refund (he didn't make clear if it was a partial or full refund) to backers in the form of a relatively obscure cryptocurrency.
Given those, I pose this question: is it possible that Appleton used GM funds to invest in cryptocurrency? He's made complaints about financial difficulties (which I guess have turned around somewhat recently) since GM, so where did he get the money to invest?
To be clear, I have no evidence that this is what happened. But I don't believe for an instant that Appleton spends his own money if he doesn't absolutely have to and from that belief, I am suspicious of anything he claims to be doing to "make things right" that also involves money that isn't the full amount of what backers gave (and while from the backer's viewpoint getting a full return in the form of cryptocurrency may feel the same, I guarantee it doesn't feel that way to Appleton and it should). Granted, he most likely doesn't need to do anything from a legal standpoint, so yeah, better than nothing, but not enough for me to cut him much slack since it's pretty obvious that the reason he's asking people not to cash out immediately is to mitigate the damage to the value of his remaining stock.
I also admit I may be feeling unjustly harsh towards him; if it's any consolation it is a pale thing compared to the contempt I yet hold for Proctor.
Oh, I also realized I overlooked a statement he made when I second-guessed myself in the previous post about him being more involved than simply purchasing the tokens: