I don’t think thats true, it was shares in the spv that had shares in maidsafe. They swapped to coins at the very end, it was not the original deal.
@tobbetj Well when the initial deal was made, the shares weren’t going to stop existing… If they honestly said that at the beginning, we would have all bought coins instead of shares to buy coins, because that makes no sense. And the amount of coins they gave us for the shares was roughly 1/3 of the amount we could have gotten if we just bought ico coins instead.
Not even really sure on the legality of just swapping out people’s shares for coins at an arbitrary price, years after they’ve paid?
I thought those investors still had their shares in the SPV
Also I know that the Maidsafe company shares that the SPV have have not gone anywhere since Maidsafe never closed and are still operating and have funding for at least 3 more years as per their announcement recently. Yes there was talk a couple years ago Maidsafe were going to cease after launch, but that was short lived talk.
Yes @JRRRRR is right - the coins represent an exit - you don’t keep your shares. I invested in Maidsafe through BankToTheFuture years ago, and throughout that time we’ve been dismissed, and treated like an inconvenience. Our group seems to be one of the least valued among all the Maidsafe stakeholders. This latest behaviour from BTTF just reinforces that feeling, they appear to be waiting for a moment that benefits them financially before releasing the coins, and if that moment never comes, we may end up with nothing.
There was a change from that. Anyhow @rusty.spork can confirm either way after finding out. The SPV shares buying announcement also touted a 105 coins per share bonus, not sellout
And without announcement this was changed but mentioned in a reply to a shareholder. But who knows the rules may have changed again and why i ask @rusty.spork to get some definite answers
I completely agree! It’s crazy to me we paid for shares in a company, and then ended up being promised 1/3 of the value in coins instead, not even an equal value. And now it turns out we won’t be getting any.
There seems to be a lot of confusion though, as some people think our investment was never swapped out on us. But it was, that and a lot of the “bonuses” we were promised never came true
Can’t be done as there is a possibility of a double pay out. Investors need to charge Simon Dixon and BTTF if investors don’t get their funds, it is not in Autonomis hands.
This is one of the reasons I did not see BTTF as na option back in the days, I could not trust that third party. There should have been a written time limit for when funds should get payed at conversion or otherwise people should not hvae choosen to invest through BTTF. Not easy to know, easy to spot in the rear view mirror.
This might turn out to be the best forced HODL in crypto history. Let’s be realistic here, I genuinely think 80% of the BTTF shareholders would’ve dumped their ANT on the market anywhere between $0.20 and $0.02, with the vast majority probably around the bottom.
I know the BTTF message is completely outrages, but they do acknowledge to have a legal obligation, it’s just not their priority. Imagine when those 3 million tokens they have are worth $30 million. Now the distribution is on top of their priority list and BTTF shareholders will get 500x what they would’ve had if they received their tokens a few months ago.
What Mightyfool writes seems to be a good way to think about the situation.
Also here is an alternative, someone asked about 500 ant on usb on discord. I post my answer here as it might be be of some help for those dealing with BTTF.
“The way things seem to be going with BTTF then you could save yourself a lot of headache if you got those 500 on an exchange. If it was me I would probably take a loss up to a significant large amount and learn from mistakes just to avoid the BTTF hazzle. If there is a significant amount I would try and gather other investors and contact with BTTF through a lawyer.”
