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So I met them on upwork and establish a partnership, I was a minority partner in the firm, so it exceeded the scope of upwork. Then an extensive contract was si
by punkst 4y ago
So I met them on upwork and establish a partnership, I was a minority partner in the firm, so it exceeded the scope of upwork. Then an extensive contract was signed.
I would get deferred income, per the contract. Deferred income is placed on the balance sheet as a liability. Unfortunately, isn’t on the balance sheet, so it doesn't exist. I think it's a breach of contract. Because services were rendered and deferred income wasn't even placed on the balance sheet. Investors in the firm would be miss led by the fraudulent accounting.
As for the code, you can't copyright code or algorithm. I took a very basic idea, such as buy above the 200 moving average and sell when it hits the 37.5 moving average. I took that silly type of algorithm that didn't work and made it profitable.
The reason they are moving to another "developer" is that I refused to do more work, without compensation. I should have known by the of parade of previous coders before me they shop for coders in an effort to make the silly algo work.
I will never see the $500K I might be able to get pennies on the dollar is my current thought. Aside from this last issue, I have come out stronger on the other side and I have developed my own profitable algos.
I do look forward to seeing this train wreck in my rear view mirror.