lindy
Sellaband addict in waiting
Posts: 14
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Post by lindy on Feb 25, 2010 15:26:22 GMT
Very true! And in addition, existing disgruntled tenants may actually finally get some satisfaction..
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Post by magnusbe on Feb 25, 2010 15:28:44 GMT
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lindy
Sellaband addict in waiting
Posts: 14
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Post by lindy on Feb 25, 2010 18:18:52 GMT
Funny tweet I just saw: paulvereijken RT @frackers: Sexentrepreneur buys bankrupt Sellaband bit.ly/cwxENp Hope they don't return as Sellabitch
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Post by mawa on Feb 25, 2010 19:26:52 GMT
What a funny question is that one, that pops up there now.....w/o stating what the consequences are... Oh, SAB is back on, be quick
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Post by mawa on Feb 25, 2010 19:28:12 GMT
oh...and 4.5 is NOT the only change....
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Post by grooveduke on Feb 25, 2010 19:37:49 GMT
Anybody invest any parts yet?
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xahmol
Sellaband addict in waiting
Posts: 34
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Post by xahmol on Feb 25, 2010 19:40:13 GMT
Sellaband is back online, BUT
Before going any further you have to accept the new T&C. And indeed, do mind the new paragraph 4.5 in it. You are ONLY allowed to ask your money back the first two weeks after buying a part, not afterwards.
To me this is completely unacceptable. The one reason I trusted money to SAB in the first place is that you could always get your money back, no questions asked.
So I did not accept the new terms. And I suggest you all, at least you believers, also not to do so.
Very curious what happens next.
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jayne
Sellaband addict in waiting
Posts: 11
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Post by jayne on Feb 25, 2010 19:44:06 GMT
I'm not happy with 4.5 either. Think I'll ask for my money back. If I do decide to reinvest, it can be under a new account.
Jayne
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xahmol
Sellaband addict in waiting
Posts: 34
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Post by xahmol on Feb 25, 2010 19:46:40 GMT
Anyone a lawyer here? I will not accept the new T&C, so probably my account will be closed.
But what happens when an artist I invested in suddenly DOES make a lot of sales? Do I still receive any sales result?
Can not accepting this new T&C ever void the contractual obligations old SAB had to me on these parts in artists with an album out?
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Post by grooveduke on Feb 25, 2010 19:47:11 GMT
I think Li is right. Move the old tenants out...
From a business standpoint, it is a much better deal for SAB. They can stop the bleeding caused by a "run" on the bank.
Do I read it right that we can get our deposits back for two weeks after accepting the new T&C?
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mazzarak
Sellaband addict in waiting
Posts: 2
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Post by mazzarak on Feb 25, 2010 19:47:51 GMT
I am not happy, but I have accepted the terms as the alternative is that I have to cancel my membership. I have no parts in artists that aren't recording, and I have no intention of adding any, so I am not unduly concerned. I also just saw your tweet Jayne, and I think I read that there is a two week grace period from accepting the terms anyway. Until the new terms are accepted, the clock doesn't start.
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jayne
Sellaband addict in waiting
Posts: 11
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Post by jayne on Feb 25, 2010 19:56:58 GMT
Can someone more intelligent confirm these changes on the Believer T&C please, I want to make sure I understand the legalese properly:
The Sellaband fee has gone up to 15% Payments to Believers ever 3 months in Euros 10% Admin Fees on Deposits + Transaction Fee
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Post by Lucretia on Feb 25, 2010 20:00:16 GMT
I've started a new thread about what people feel about the new terms and conditions, but I have a feeling the new site owners just signed their own death warrant before they even started.
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thor
Sellaband addict in waiting
Posts: 42
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Post by thor on Feb 25, 2010 20:04:13 GMT
The Sellaband fee has gone up to 15% Payments to Believers ever 3 months in Euros 10% Admin Fees on Deposits + Transaction Fee Yes, I noticed these changes, too. But the quarterly payment was in the old T&Cs, too, though the payments have been monthly. How will they do it in € when the believer balance is in $... very strange.
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martin
Sellaband addict in waiting
Vixen Rock
Posts: 82
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Post by martin on Feb 25, 2010 20:32:56 GMT
Looks like I still need that bottle of Whiskey tomorrow night lol
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