Hello all N1CE investors,
Apologies for not posting any updates lately - like many of you, I'm sure, I'm busy, and when it comes to such things as investments you have to take into account how much your life and time are worth versus what you have at stake.
As I mentioned in a previous post, I was (am) an investor in both of N1CE's offerings. While the principals behind this criminal enterprise have clearly broken their contracts with investors virtually from the get-go, I have received, ultimately, two payments that have recouped 1/2 of my investment, as has everyone else (I believe) who invested in the revenue share agreement. Roughly 8 months from today, N1CE is supposed to make its final payment of what I'd calculated to be $265,848, but which is probably minutely lower due to the bizarre payment we, or at least I, received this past December - it was just less than 1% over the previous payment, when it should have been exactly the same, which I found odd and inexplicable. Regardless, we shall see. From various snapshots around the net and on social media, it's clear that this company is moving product - they'll doubtless have made the money owed us by the time of final payment - but from private email communication it's also clear that those involved have a reputation overseas as unsavory as it is in the U.S.
I know I've mentioned lawsuit several times, and I've not given up on it, but to be honest, I have a larger stake in the revenue share agreement than the equity share. At this point in time I simply don't wish to freeze N1CE's assets (no pun), which is what we're contractually permitted to do, particularly on the verge of Europe's big summer festival season. I can understand if those who are parties to the equity share contract don't wish to wait, as your (and my) investment capital seems to have been totally stolen, with no legal indication as to units the company has sold, no updates, etc...But remember, I'm only discussing my personal decision. After December rolls around there's going to be a suit one way or another, I imagine - only the amount will be in question.
Of course, Mikael Drene and the gang could mitigate such a possibility by merely sending an accurate and verified report - but I think we all know that's not going to happen. Our money was taken, via WeFunder, and utilized by the men at N1Ce, and it's been a struggle ever since.
So, to wrap things up, those of us who are part of the second deal (revenue) are back to a waiting game, while those of us who are part of the first deal (equity) are screwed for the time being. I see that investor Mr. Yusof has attached an email address for someone who is also preparing to take legal action (email@example.com). I cannot vouch for this contact, but there it is.
In the meantime, enjoy N1Ce exhibiting at the Global Food Marketplace in Paris this past fall - right on the heels of their introduction to supermarkets in Germany, Spain, France, and the Netherlands.
And don't forget to vote on Instagram for which N1CE flavor you'd choose this summer to while away the time as you await your financials - pineapple or mojito. Brand new poll!
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