RE: Recent news about LDJ Capital and David Drake. What is actually happening?
Hello. First thing I would like to say is...... Wow!
Now that is out of the way, an introduction. My name is Chris Butler, President of URAllowance, LLC. If all this is true then shame on me for signing with someone when my due diligence is based solely on popularity and common consensus. I am going to bring this matter directly to David's and his team's attention. Immediately. I am not so sure of the credibility of either side. Yet. The reason is, I recognize, very clearly, a few of the issues mentioned in this article and from the ones on The Way Back Machine. I also know from recent personal experience that alot of the claims made against Drake's team are over exagerrated. There is enough here to make me worry though. Regardless of the fact that I don't have any free time, I will have to open my own investigation into this matter. Thank you for posting. I will post here with my educated opinion and hopefully some new facts to go along with it.
So far, I have discovered nothing other than he doesn't spend a lot of time with every single ICO he advises. He's made it into a business. He has put money and resources into this business. He's doing alright if you ask me. There are just too many pieces of indisputable evidence supporting the fact that he is not running a dog and pony show. LDJ is real. His appearances in the mainstream media and his celebrity connections on video are not fabricated. This whole thing sounds like a simple case of "Hateritus". Curable with a few doses of "actrite". What is everyone expecting from him? To take over the show and singlehandedly bring success to every project? Imagine wearing the same shoes for a day. Imagine a bunch of whiny, over expecting CEOs that think they have you at their beck and call. Then when shit goes south on them and their project fails, they do what many humans in the same position do. They place blame. Of course, they will blame the person that they thought was their ticket to easy street and instant success. I have brought this directly to his attention and I was not met with a defensive response, just an explanation and then on to the next order of business. Remember that there are several sides to every story. Sometimes the loudest ones, have the least value to add to it. I can't say that I'm overly enthusiastic about this advisory but he has done more than a few others we almost brought into the project. Also, we made it clear from the very beginning that we are hiring contributing board members only. We are not paying for pretty faces and ICO success scores. Thank you for the topic. At the very least this allowed me to reasses the way I assess situations.
Hello. Please ask David for the copies of the contracts for all of his managing directors and advisors. Please also ask David for the audited returns and confirm assets under managenent for his LDJ crypto fund. Please have him confirm that he manages $200million plus. Please ask David for documentation showing who the general partners are for his fund. And lastly, please ask David Drake where he sits each day as he manages a fund that is roughly 1% of the entire crypto universe. Be very affraid of the results my friend. I would love to be wrong about David however unfortunately i am not.
Interesting points. I am not blind or foolish. I will bring these questions up and let you know the results. I am not against being proven wrong. I know little of his business outside of what I've done with him. I am not easily taken advantage of. Maybe that is why I am not seeing the same person you all describe.
It took me over a year to realize...that i and many others were being taken advantage of through blatant misrepresentations that were being made by David Drake.
Were you able to bring these questions up to Drake? Would love to hear his response.
Same here.
Any feeback. Did you get a response @chrisbutler?
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