Hello,
I had initially stated I will not be posting here any further to avoid drama but under the given circumstance I'd like to come through and express support.
While I hold nothing to profit from a deal of this nature going through it ensures the best interest of a few investors I highly respect
The proposed deal ensures the best interest of the share holders while ensuring the founders walk away with over 200 Btc in profit - roughly 100k for 2 months of work.
Given the way the project was dealt with in the last few weeks I can't help but stress on how this is a very strategic approach that can leave everyone a winner.
I am willing to
1. Rally support from some of the early investors to say aye to this proposal. The nature of the deal gives them instant access to 2.5x the profit and an actual team with a proven record.
2. Volunteer from a secondary level IF - the new team takes over. I would want nothing to do with cryptodev or dailymodo professionally. I spoke a fair amount with the acquiree and IOTUSA in the past and believe they are working in the best interest of the share holders. Jadesnail - another large scale investor quit yesterday and then there's Travelsasia who has also felt burnt. Together their investment is in the 60+ Bitcoin range and they deserve better.
I urge the founders to leave their ego aside and think realistically if saying nay to the deal makes any sense.
Given the fashion with which you've deal with the project and its community over the last few weeks this deal makes a lot of sense. Additionally, it goes on to the hands of those that are capable of actually taking care of it. They have an existing, actual user base of 20,000 Users and a pool of hundreds of Bitcoins. If you can't see the opportunity here, may God bless your souls.
I do not see this as a hostile take over seeing as to how all of this has been in the open.
The only reason I see this deal for not going through is if the Devs no longer have access to the 70 Btc, which in itself would spell another story naturally.
Disclosure : I do not profit from any of this and do not have any underlying agreement with any of the parties involved. This statement is purely out of interest in the recent developments.
Regards