Good day.I also received a summons from ...

Asked by Juan Jacques on 11-05-2024 06:54:25
Question posted in the General Law category relating to Gauteng

Good day.

I also received a summons from the MTI liquidators.

In summary I withdrew a couple of smaller amounts totalling about R200,000 if you add it up.

However, my initial investment was about R50,000 that I kept on re-investing and withdrawing.

The total I invested added up together as MTI is doing was R250,000.

My loss is about R50,000

According to MTI I have made money as they zero the balance after each withdrawal and they are now demanding back almost a full Bitcoin.

At the price then it was about R214,000, however they want to Bitcoin or money whichever is the "greatest" which means they want more than a million from me.

I am in NO position to pay them that kind of money. 

Ialready have a HUGE amount of debt to re and I cannot obtain even more debt not even the R200,000 as I cannot afford it. I am JUST surviving as it is. I also don't have assets to cover it.

Any suggestions?

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