“…say you have earned yourself a million of these £0.001-valued shares, and a week later me2everyone goes into debt. As the shares are not paid up, you will be asked to pay for the shares you are holding (it’s one of the first things debtors will go for to reclaim their losses)…”
But its ok, a quote from me2everyone (#21) says:
“…When the shares are made available to you, they will be fully paid up. If me2everyone PLC creates any debt, you are not responsible for that debt. me2everyone PLC (when formed) will be run by honest business people with decades of experience and a desire to build a fantastic business for all concerned…”
Decades of experience, thats ok then… had it been years, well forget it… 🙂
Jury is still out for me, I’d still advise people avoid it.
“If it sounds too good to be true…”
Personally, when I want to share things for free with the world, I just donate to charity. (Speaking of which, I’m jumping out of an aeroplane soon – more to follow!)
UPDATE: Following a comment, I checked and can still login. I did notice this worrying item in the news:
Ripple members may remember that in February our payment processor PayPal pulled the plug on me2everyone as the volume of transactions went beyond the level they were comfortable with. For six weeks we provided them with all the information they requested in respect of the business, but unfortunately they decided that they did not want to be involved in me2everyone.
Paypal will no longer work with me2everyone, interesting…