Alpinist said:
Qenta not Qetna to be precise,
https://www.qenta.com/
A question, is it better to be now opt-out or opt-in ( migration to Qenta) and can one still change this one to either direction .
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JoeOhNo said:
Can anyone explain why they are not mentioning Qenta at all in that communication doc and instead they mention that GFST? Whats that all about and what that GFST actually is?
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Oh ok, got it thx.
I think its about 500 -600 accounts that opted out. I forger how many total accounts there are.mrbrush said:
@Pschiff what percentage of their deposits are opt in customers get back? Approximately? What do you think?
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So, when the opt-in is distributed in July, the opt-out clients are on there own. Probably no possibility to become an opt-in client anymore? Quenta seems more reliable to me than the receiver.Pschiff said:
I think its about 500 -600 accounts that opted out. I forger how many total accounts there are.
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Once your money is at Qetna you should be able to withdraw it right away, or leave it there if you so choose. That's why I had the bank sell the accounts to Qetna. In addition to earning the bank $1.25 million to further protect customers, and perhaps ensure that money would be left over from me, OCIF had planned to keep for itself any money that customers did not submit proper wiring instructions to transfer to another account. I did not want that to happen, so I arranged that any monies not requested to be wired out would be sent to Qenta for safe keeping. I also trust Qetna way more than OCIF.StEPB said:
So, when the opt-in is distributed in July, the opt-out clients are on there own. Probably no possibility to become an opt-in client anymore? Quenta seems more reliable to me than the receiver.
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Pschiff said:
Once your money is at Qetna you should be able to withdraw it right away, or leave it there if you so choose. That's why I had the bank sell the accounts to Qetna. In addition to earning the bank $1.25 million to further protect customers, and perhaps ensure that money would be left over from me, OCIF had planned to keep for itself any money that customers did not submit proper wiring instructions to transfer to another account. I did not want that to happen, so I arranged that any monies not requested to be wired out would be sent to Qenta for safe keeping. I also trust Qetna way more than OCIF.
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The way it's going I doubt I will recover one dime out of the $10 million plus I personally put into the bank, $7 million of which was contributed in 2021 and 2022 to cover losses incurred as a direct result of the 60 Minutes defamation. I did this to protect customers and to make sure the bank always had more than enough cash to pay all bills and cover 100% of customer deposits.Radko said:
Thank you Peter, thank you for thinking about the customers and not letting OCIF steal whatever money was left unclaimed.
I hope you end up getting some money for yourself.
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Is Qenta accounts still only able to send to the same name accounts? It's not like a bank account.Pschiff said:
Once your money is at Qetna you should be able to withdraw it right away, or leave it there if you so choose. That's why I had the bank sell the accounts to Qetna. In addition to earning the bank $1.25 million to further protect customers, and perhaps ensure that money would be left over from me, OCIF had planned to keep for itself any money that customers did not submit proper wiring instructions to transfer to another account. I did not want that to happen, so I arranged that any monies not requested to be wired out would be sent to Qenta for safe keeping. I also trust Qetna way more than OCIF.
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Yes, they can send funds to the beneficial owner. I'm just not sure if they can send to third parties yet, as they are not a bank. That is one reason Qenta wanted to buy Euro Pacific Bank. But OCIF wouldn't let them. The Commissioner preferred putting the bank into receivership instead, and rejecting the $7 million in additional capital Qenta had committed to contribute to the bank.orion7352 said:
Is Qenta accounts still only able to send to the same name accounts? It's not like a bank account.
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Pschiff said:
The way it's going I doubt I will recover one dime out of the $10 million plus I personally put into the bank, $7 million of which was contributed in 2021 and 2022 to cover losses incurred as a direct result of the 60 Minutes defamation. I did this to protect customers and to make sure the bank always had more than enough cash to pay all bills and cover 100% of customer deposits.
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That would be great, but under Australian defamation law I highly doubt that. I will win my lawsuit, but the monetary judgement I receive will likely be very small in relation to what I lost. Had I known this, and realized how much I was going to lose, I would have sued 60 Minutes in America rather than the U.S. I would have had a higher burden of proof, but I have overwhelming evidence to meet that burden. I would likely have won a much larger judgement in U.S. courts, but it would have been harder to collect.Radko said:
I really hope you get a lot of money from those hypocrites and you recuperate all the money that you lost with this ordeal, that would be such a sweet ending and vindication.
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I thought it wasn't possible to have a corporate account at Qenta and send it to your personal account as beneficial owner. I think I would need to get concrete proof of that to opt-in . I am currently opt-out. If it's still possible to switch.Pschiff said:
Yes, they can send funds to the beneficial owner. I'm just not sure if they can send to third parties yet, as they are not a bank. That is one reason Qenta wanted to buy Euro Pacific Bank. But OCIF wouldn't let them. The Commissioner preferred putting the bank into receivership instead, and rejecting the $7 million in additional capital Qenta had committed to contribute to the bank.
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I'm not sure.orion7352 said:
I thought it wasn't possible to have a corporate account at Qenta and send it to your personal account as beneficial owner. I think I would need to get concrete proof of that to opt-in . I am currently opt-out. If it's still possible to switch.
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Pschiff said:
That would be great, but under Australian defamation law I highly doubt that. I will win my lawsuit, but the monetary judgement I receive will likely be very small in relation to what I lost. Had I known this, and realized how much I was going to lose, I would have sued 60 Minutes in America rather than the U.S. I would have had a higher burden of proof, but I have overwhelming evidence to meet that burden. I would likely have won a much larger judgement in U.S. courts, but it would have been harder to collect.
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