It's pretty simple what happened. Bnktothefuture is still an imperfect system and there were fraudulent purchases and/or investors who weren't legally able to invest and that was determined after the fact.
I have zero doubt Factom is 100% in the clear and this is a non-event.
I have zero doubt Factom is 100% in the clear and this is a non-event.
I have exposed the facts. Of course the primary culprit is bnktothefuture.
But if you have company A making a share sale through bank B and bank B is acting illegally to sell the shares, or even breaking (without maliciousness) some rules, shouldn't you expect at least apologies, BOTH from B AND A
We have a different view about corporate responsability. In Japan you would see the CEO make a press conference, apologize and bow down deeply in front of TV and cameras, and offer compensation to investors
one such compensation may include the option to opt out.
I understand. You'll never see that in the USA. Very different cultures.
For the record, I like your contributions to this thread. We differ in opinion in some areas, including this one, but that's ok.
If you'd like to opt out of the Factom share sale, I'll purchase your shares at what you paid for them. If I knew Draper was buying in, I would have got off my ass and purchased some as well. I've retired from that arena but I would still follow Draper or Sequioa Capital just about anywhere.