SueEnvion - Envion investors Join together

Join >> t.me/SueEnvion

Envion AG concluded their ICOs in January 2018 after raising more than $ 100 million (# 6 ICO of all time and # 9 crowdfunding campaign of all time) as they said.

During these 5 months Envion would have already had to start the production of MMU as repeatedly stated by the team, but this didn't happen.

This is a brief summary of the news officially released by Envion during the last 5 months

Feb 6 - Sparks fly as envion MMU production starts at new EU factory

ICO funds will create hundreds of MMUs from this factory alone which will produce 160 MMUs as the production line is scaled up in the next 3 months. After that production will increase starting from 160 produced each month. Over 300 workers will be hired at the EU factory just to construct envion’s containers, install mining hardware and electronics, and maintain on-site mining operations.

Feb 19 - Investor Update: Envion hardware and mining procedures!

The first shipment of hardware is a sample shipment that will be used to optimize the pre-installation mining production line and will be installed in the first containers. New, larger hardware shipments will leave China after the Chinese New Year holiday is over and will arrive as power delivery to the factory is increased.

Mar 8 - Envion investor update March 8th, 2018

The news everyone wants to hear about is MMU production. Things are humming along at our EU production facility where pre-installation mining, container production, and pre-deployment MMU mining will take place.

The pre-installation mining facility is complete and ready for hardware delivery. A dust-free warehouse has been made ready with the power connections necessary for large-scale mining and the hardware racks for the GPUs and ASICs are being completed by the factory production line.

Many times the Envion team has released information that ultimately proved to be untrue and misleading. Investors due to delays and lack of concrete evidence of the work, began to get nervous until the update of May 4 where the truth begins to come out.

May 4 - Envion Investor Update May 4th 2018

Production at our EU factory has been brought up to the point where the production line and supply chain is in place and ready for mass production. The founders have brought the conditions for mass production to the point where it’s possible to start full-scale production within 3 days. At present, the only thing required to begin is executive approval of the use of ICO funds for mass production and execution of the token subscription agreement.

In the meantime, MMUs that have been produced since the end of the ICO have been funded by one of envion’s founders who continues to finance envion operations to maintain the momentum of the ICO and reduce the time to dividends as much as possible.

It could be just a matter of days until we restart production at our first factory with preparations complete to commission additional facilities and increase production capacity. Despite the 7-figure founder investment, continued production will wait until the appropriate administrative conditions are in place at which point production and delivery of MMUs will continue as planned.

The delay in the start of mass production is also a delay in the distribution of dividends. It’s quite possible that production will proceed quickly to scale as mentioned above. When large-scale mining begins, we will issue another statement with more information on when dividends can be expected.

In the meantime, envion would like to reassure investors that the only effect of the delay of mass production is a loss of calendar time. There is no indication that ROI, etc. will be negatively affected.

Finally, the envion team regrets the slow pace of our public communication. Communication will be more frequent going forward, though not as frequent as during the ICO. We hope you respect that process and recognize efforts to spread disinformation by those who want to exploit the community’s desire for more frequent updates.

At this moment even the most "positive" person in this world understands that something is wrong here. In fact, many investors and followers have strongly criticized the lack of clarity and vagueness of the Envion team:

Brent Kearney

It would be very helpful to investors if updates were more frequent and less verbose, speculative, and vague. Please just get straight to the bottom line with dates, facts, and data.....

Herve Guillot

Many disgruntle investors expressing their frustrations.

If I was to present this ridiculous update to my boss after three months, he would have shown me the door.

My hopes are fading very quickly

The disappointment of all investors has been felt on all the social channels of Envion.

On May 16, the "truth" comes out and is worse than we could imagine, the news is published on the official telegram channel and on medium (non-Envion channel strangely) but on a channel called "Trado GmbH" managed by Laurent (community manager ).

May 16 - Founders sue Envion CEO Matthias Woestmann’s Corp. for world’s first analogue ICO hacking

The founding team of the Envion project have taken legal action against the shareholders of envion AG (Switzerland), namely Quadrat Capital GmbH, whose shareholder and managing director Matthias Woestmann is also acting as board member (CEO) of Envion AG, after he unlawfully secured the majority stake in Envion AG in breach of contractual obligations. The company has been left paralyzed with no word from Woestmann for many months.

Trado has continued operations for envion with the founders financing preparation for mass production of mobile mining units with their own money until a solution could be worked out with Mr. Woestmann. Hopes for a peaceful solution were dashed when they received proof Woestmann had been secretly soliciting for buyers — going so far as to make up a story that the founders were exhausted and wanted out — and envion could be sold out from under them. The courts are now the only option for the founders.

This is the version of Laurent and the "Founder Team". It is clear and obvious that the Envion team has lied to investors in recent months (in a thousand different ways).

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In the same hours the version (completely different from that of Founder Team and Laurent) of CEO Matthias Woestmann came out on the site "envion-recovery.org" as the CEO says he no longer has control over the envion.org website at the moment.

May 16 - Swiss Blockchain Startup envion AG Reports Suspected Fraud in Crowdfunding Campaign

Swiss crypto-mining startup, envion AG, has called on crypto exchanges around the world to cease trading in EVN tokens. Apparently, a large number of tokens have been generated illegally, part of which had already been put in circulation and sold. Envion’s CEO Matthias Woestmann announced the release of new EVN tokens and a token swap.

It has now been discovered that, in addition to the 86 million tokens issued legitimately in the ICO, another 40 million have been generated without the knowledge of the Board of Directors. These were parked on various virtual wallets, some of which were then further distributed. After advertising the tokens on social media platforms, a portion of these digital securities was sold by the fraud perpetrators to crypto exchanges.

The number of the officially-placed tokens issued in the course of the envion ICO is 86 million. Furthermore, according to the prospectus, around 17 million tokens were granted free of charge to the company and its founders and for the bounty program. However, an internal audit has revealed that more than 40 million tokens have been generated without envion’s Board of Directors’ authorization. Utilizing a cascade of wallet addresses up to 12 million tokens were redistributed. Evidently, the purpose was to impede the investigation concerning the whereabouts of the tokens. Several million tokens have already been resold through various crypto exchanges, profits went to unknown actors. Based on the tokens’ nominal value, the loss amounts to $40 million.

The above findings are detailed in the report of an independent Blockchain expert group, which was commissioned by envion AG. This report was verified and confirmed by Canadian security firm “Canadian Blockchain Intelligence Group” (BIG). Woestmann filed a criminal complaint in Berlin and informed the Swiss financial supervisory authority FINMA.

Woestmann says, “I promise all investors that we will resolve this case as quickly as possible. Subscribers to the ICO should be largely protected from loss by a token swap.”

As you can see we have two completely opposite versions and both sides have lost all credibility. This story is a succession of lies, misleading news, lack of clarity and is turning into one of the biggest scams in the crypto world.

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Investors in Envion's ICO need to join together and protect their investment by bringing Envion (CEO, Team Founder) in front of the law.

Join the t.me/SueEnvion group where we will organize the next steps together and where new information about this situation is released without Laurent's possible Ban. (Exactly the community manager of Envion likes to ban investors who do not ask comfortable questions, you will also find him in our group for now.)