Great post @cryptoandcoffee. I’m glad you are looking into the bike racing because it’s increasing in funding and this one is difficult to even find anything on. The designing is the job he does for SWC workout . He designs the flyers for the event and uses that wallet to for funding . As one of the disgruntled swc crew pointed out , they did up their own fliers for the event’s free of charge but this was Victors gig and it needed to be the official logos etc etc. With a nice handy number like this , why not form something that gets even more funding? Makes sense .
Hah now I get it. This Street Workout Crew was created in order to provide certain members with an income under the ruse of promoting HIVE. The design work for all the braded merchandise that was being changed constantly was the mechanism to achieve this. Providing clothing that was being made etc. I saw somewhere where they had 420 items of clothing made obviously with the branding etc. This is not about benefitting HIVE, but benefitting those involved and is disgustingly bad. @valueplan did you know about this and couldn't you see what is happening here? What stood out and did not make sense was why thigs had to be changed constantly and why so many hours with designing which was being charged at $20 per hour. Surely if you have the logo how much needs to change per event would be minimal. You would not need new clothing designed each time yet this is happening for an obvious reason and HIVE is being milked. This is a scam and needs to stop funding immediately. The costs do not add up and HIVE should not be funding this costing HIVE $100K per year. I have heard $100K in Venezuela goes a long way.
If the principals of Value Plan have arranged this theft by fraud mechanism, what does that say about other expenditures that disburse vastly larger sums of money? It is notable that no answer from Value Plan is given to your question above. In my discussions with GP and LB I was told directly that no receipts would be provided to disprove allegations by eyewitnesses that expenditures by Value Plan for materials in Venezuela had been taken by the local SWC 'leader' (forget that name off the top of my head), and materials that cost nothing were provided, in fact dug out of their living room.
This refusal to provide receipts amounts to aiding and abetting theft by fraud to my understanding.
I would like to see VP restructured and believe it has to be as this is serious money especially with HIVE going up in value.
I'd like to see it start over from scratch as separate proposals, all of which are required to use GAAP, but I note there's not a current proposal on the market, so what I think is happening is that the jig is up and they're getting out with what they've already got, while the getting is good.
The real Hive marketing department is the library of content and the stable of creators Hive provides folks that are interested in them. If so many hadn't been flagged off the platform so vehemently so early, we'd have a much larger library and stable to draw folks with. We can fix the problem and get that library and stable still, but while we wait platforms like Odysee and Rumble get that audience for censorship resistance Hive once had an exclusive on. We had a first to market advantage once, and now we're getting late in the game. We still have a very valuable market proposition that can fly, but we've got to cut the hobbles of rampant flagging before we can do much with it.