It's a Rug Pull24 Jun 2022 20:51
Let's say you have acted as an AIM listed intermediary in order to funnel investor cash into a bunch of companies that purport to deal with NFT's, Blockchain, Web3, Metaverse and in Game Something or Another on the basis that this is the next big thing but the companies you have invested in are just using buzzwords with no real clue and then their proposed markets get exposed as being Ponzi Bubbles and start crashing.
You knew this was going to happen.
Now you need an exit strategy that lets you take out or otherwise realise your cash whilst leaving your investors sitting on their losses and it does not matter if someone else takes part in those losses because that is the whole point of The Scheme. This is the Rug Pull.
Being low quality CryptoBros but having experience of AIM you sell your dross off to an Old Bloke on AIM in exchange for shares. Then you sell off your shares in the market to realise your profit whilst crashing the SP of the company you sold your dross to. And this happens because you as The Phoenix totally burned The Toucan because the Toucan did not include a one year time limit on your ability to sell your shares resulting from The Scheme.
Elsewhere I see that @lukehere has GreenBoxed me for using words. I get that. I also get Rhodi. I've put links to pictures of their profiles along with a couple of animated slug gifs of them on a BlockChain I have not as yet set up. Get in with your, minimum starting, bids of $100,000, real money, and I might do an airdrop for the losers later on.